theprior
28 Nov 2018
Latest loans Remember guys, this company is now hugely cash generative and is still building its portfolio of assets. Yes, PL is making a mint but the sp is now beginning to reflect the positive sentiment towards PPC and will therefore benefit shareholders. Time to average down if your in at 70p+ Good luck TP
dbatey22
28 Nov 2018
Latest loans Yes, I share your concern here. These two loans will cost us more than $1m p.a. until they are paid off. Which is a huge amount for a small company like this. I am still holding but it does beg questions as to how much value will accrue to whom. DB
ian.basford
28 Nov 2018
Latest loans Typical I am afraid and further evidence that this company is run for the advantage of the ‘owner’. He lends the unprofitable company money at a huge rate so he can collect the interest as well as his salary. He also jumps ahead of the shareholders should the company go under. First saw this tipped many years ago at 70p. Now recovered to 9 and below the rights issue - bit of a joke on me i guess.
theprior
13 Nov 2018
Ops update PFO1001 successfully tested flowing 200bbd from secondary target. Primary target being saved for later. Further updates in this RNS mean 2018 end target of 3000bbd is achievable. TP
theprior
31 Oct 2018
Business as usual Despite AIM sell off and Argy meltdown. Just plodding along, doing workovers and earning money. Very cash generative now. I first joined for Paraguay which is now firmly on the back burner but, hey, they’re doing well on all their other concessions. Good value at this price. TP
Ripley94
09 Oct 2018
Malcy’s blog PPC… XXXXX Held up well considering AIM took a kicking last few days .
woodscrew
21 Sep 2018
Malcy’s blog Thank you TP, that is a great help. Looks like I need to spend a bit more time trying to find my way around this new site. I do trade through II but haven’t had much time of late to navigate this side. Must admit I did try a few months ago and just gave up. Many thanks again. WS.
theprior
21 Sep 2018
Malcy’s blog Whilst I do agree that the old platform was a great deal better and much more user friendly, I have found that with perseverance the new one can be navigated and has some interesting features such as tagging companies so you are notified if there’s any new activity on the forum. It’s a pity a lot of the old names have left but there’s still a lot of interesting comment and I think there are a few old names coming back along with a few new ones. I was one of the biggest critics when it started but I’m gradually getting used to the new site. Best of luck, TP
woodscrew
21 Sep 2018
Malcy’s blog This site has all changed beyond recognition. Been away for a while and no longer sure that it is of much help to me now. What every happened to the old boards?
walrog
12 Sep 2018
Malcy’s blog Update and further thoughts today. ATB WR
dbatey22
09 Aug 2018
Company update Yes, good update. Still very cheap at this price. Their 2P reserves of 27mboe are currently valued at only $4.62 based on an EV of £96m (and 1.30 exchange rate). A valuation of $10 was a normal rate before the OP crash so look forward to a doubling over the next couple of years as they report continued progress and the market improves. I don’t see OP crashing back and there are plenty of possibilities for a further spike upwards. And that is before assigning any value to Paraguay. DB
theprior
09 Aug 2018
Company update Things looking up from a company point of view. Just need Argy to sort out it’s political crisis and we’ll take off TP
theprior
27 Jul 2018
Malcy’s Blog/Voxmarkets interview ps. Update on Puesto Flores concession today. Very positive. Should help the sp a bit. TP
theprior
27 Jul 2018
Malcy’s Blog/Voxmarkets interview I’m afraid it all boils down to sentiment, JT. Here at PPC the current financial turmoil in Argy has negated all the good news. FRR is also suffering, in my view, from the political situation in Georgia in addition to the high cost involved in developing its assets. Both, along with CHAR, EDR, ANGS, etc, etc, are currently suffering from negative sentiment. Until that changes shares will languish. Hang on in there, humans are fickle beings and sentiment can change on a whim. Then the herd mentality kicks in and away we go! TP
jaytee41
27 Jul 2018
Malcy’s Blog/Voxmarkets interview Hi TP. Was a bit reading Malcy’s podcast but picked up on what he said about PPC. Sadly there’s not much chat on this site, but Malcy stated that the 9.5p was extremely undervalued. This brings me to an observation as I get more involved with Oil and Gas: From what I see most of the companies I follow (but dont hold shares in all), experts seem to say they are very undervalued - FRR for one, PPC etc etc Are the MMs getting their figures wrong or is there an ulterior motive ?
