www.presidentpc.com

Producing Oil/nat gas from the ELV field/USA....45% of Oil/Gas produced hedged at $100/bbl and $10.90 per mcf)




Drilling ELV.....Suspended until gain consent for sidetrack...casing and wellhead left in for future re entry

3D Seismics have been shot on PEL82 Otway Basin Australia....results are excellant!
PEL 82 Potential resource increased from 150mbbls Oil tooooooo 430mbbls Oil!



Also trading on Plusmarkets
http://www.plusmarketsgroup.com/data.shtml?ISIN=GB00B3DDP128/GBX/PLUS-exn

Could this be Imperial without the Mitvol factor?

info Shares mag courtesy of Alliance Trust
Fracking to stimulate President Operational activity could help support a rerating of Latin American explorer - Tom Sieber A 20% year-to-date fall in Latin American energy play President Energy (PPC:AIM) has created an interesting opportunity ahead of imminent operational newsflow.Fracture stimulation or ‘fracking’ operations to test the potential of the limestone reservoirs on its 50%-owned Puesto Guardian block in Argentina commenced on Monday (15 Apr). A successful outcome could help push the shares closer to broker Jefferies’ 29p a share valuation based on the firm’s discovered resourcesSome kind of political discount is inevitable, considering the Argentine government’s decision last April to seize the assets of Spanish firm Repsol (REP:MC). But 2013’s poor year-to-date run, following weather-related delays at Puesto Guardian, mean the risks are more than discounted in the counter trading at 20.1p. If initial fracking helps to increase current gross production of 450 barrels of oil per day President has identified a further three follow-up wells and is examining another 20 candidates for a wider programme. The group is expected to produce a reserves update based on a fresh independent audit of Puesto Guardian at the mid-year point. The share price weakness means potentially high-impact exploration in Paraguay, where first drilling is expected next year, is effectively in the price for nothing. Initial results from a seismic survey in Paraguay are expected in the fourth quarter of 2013. President’s executive chairman Peter Levine has a track record of successfully building a business through acquisition and development drilling. He founded Russia-based Imperial Energy and listed it on Aim in 2004 with an initial market cap of £2 million. In August 2008 the company was bought by Indian state energy company ONGC for £1.4 billion. Shares says: Buy President Energy at 20.8p

Positive rating on PPC

Argentina Still the Only Fly in the Ointment: Today’s full year results not only underline the progress that the Company has made over the last 12 months, but that its management team is focusing on measured growth with a balance between cash sources and cash uses. While it might seem obsequious, the fact that it recognises the need to fund its work programme with organic cash flow is welcome. However, the one issue that we have is that a substantial proportion of the Company’s growth in the near to medium term will be focused on Argentina, a country which continues to be run into the ground by its government. On this basis, the fruits of its diversification strategy can’t come soon enough, which in turn is the Company’s major risk factor. That said, management is doing all it can to mitigate this prospect, and while 2013 will be a transition year, as the acquisitions made in 2012 are bedded in, we believe that the Company is well poised to make progress.

In this news:

• Corporate Highlights

o Significant expansion of the Company with entry into Paraguay by way of a farm-in, as operator, to world class exploration assets, which provide material upside leverage in the near to medium term, with operations already underway

o Total hydrocarbon production up 44% year-on-year

o Net risked Prospective Resources increased by 109.3mmboe, as a result of the Paraguay acquisition and independent technical review during 2012, with risked NPV10 success case value net to President in excess of US$2 billion (management estimates)

o Increased exploration upside complemented by existing 2P reserves of 6.9mmboe

o Fraccing campaign underway in Argentina, and two new 100% owned and operated concessions added to the portfolio through an open tender

o Louisiana continues to provide solid profits and cash flow

o Non-core Australian assets subject to current farm-out discussions

o Net revenue for the year increased by 60% to US$11.3mm (2011: US$7.0mm) while gross profit increased by 64% to US$3.2mm (2011: US$2.0mm)

o Cash balances of US$17.5mm at the year end with nil gearing and US$15mmof unused loan facilities

o Board strengthened by appointments of Dr. Richard Hubbard (Chief Operating Officer), Miles Biggins (Commercial Director), and Dr. David Jenkins (Non-Executive Deputy Chairman)

• Outlook

o Exciting prospects in Paraguay with a rapidly moving programme and potential for exponential growth in shareholder value during 2013 and 2014 with a success case target of over US$2 billion net to President

o Following interpretation of the 3D seismic, Paraguay drilling campaign to commence in Q2 2014

o Potential to materially increase production in Argentina from current fraccing campaign

o Louisiana is a continued source of solid profits and cash flow.

up date from edison research.
President Energy (PPC) is an E&P with core assets in Paraguay, Argentina and the US. Unusually for a company of its size, President has a very strong board and sound institutional investor base. The jewel in the crown is its acreage in Paraguay, where drilling in 2014 could discover fields worth many times the current share price. Recent work in Argentina should lead to material production increases in 2013, while exploration in Argentina in 2014 would also add substantial value. Our RENAV is 59p.

President Energy directors buy shares
By Giles Gwinnett May 09 2013, 8:21am They bought 170,000 shares yesterday (May 8) at around 21p per shareThey bought 170,000 shares yesterday (May 8) at around 21p per share



Directors of President Energy (LON:PPC) have bought shares in the firm worth almost £36,000.

They bought 170,000 shares yesterday (May 8) at around 21p per share.

Miles Biggins now owns 0.04% of the capital; John Hamilton has 0.15%; Richard Hubbard has 0.13%; David Jenkins owns 0.05% and David Wake-Walker has 0.1%.

Earlier in May, the company said last year’s farm-in agreements into “world class” concessions in Paraguay are set to prompt a step-change in the company’s fortunes.

The company, which also has assets in Argentina and in Louisiana plus a non-core asset in Australia, is particularly excited about the Paraguayan assets.

Takes a few more shares out of circulation, but means no RSN for a month I think.

from the Times on 16th Aug

PPC is the subject of 'Deal of the Day". "There are rumours of "Seismic" news from Paraguay exploration"

Shares are in demand today

D&P New World hedge fund notified over 3% share holding the other day. Looking at the trades today I suspect they are continuing to add. Expect an RNS on the increase soon.

PPC article from OilBarrel. 29/08/2013
President Energy begins to make headway with its drilling programme in Argentina President Energy’s gamble or, rather, calculation that going into Argentina would give it the step up in output it needed looks as if it is starting to pay off. Over the course of August the company reported that two of the three wells in its fracking programme in Argentina have shown gratifying initial results. Also, in Paraquay, which President CEO John Hamilton describes as the group’s “jewel in the crown” a seismic programme has identified some intriguing new targets.President has some solid producing assets in the US but it decided to go into Argentina by way of diversification despite the political risk. The perception is the country has politically driven anti-business policies. Also IMF censure, high inflation and tight capital controls continue to spook investors. It is not that the US has served President badly. In Louisiana its properties helped drive a 60 per cent increase in net revenues to US$11.3 million while gross profit was up 64 per cent at US$3.2 million. Net losses narrowed at US$4.4 million in 2012 .Since then production has continued to mount and recently was running at a three year record level of 285 barrels of oil equivalent per day, with 88 per cent of this being oil priced at a premium to WTI. Compared to many of its AIM peers, President is in a rock solid position, with the company fully funded for 2013 (around US$12 million on seismic in Paraguay and US$4 million on the wells in Argentina and the US).Yet the Louisiana properties were never going to generate material upside. It was the hunt for future growth that took President into Argentina, hoping no doubt that there were enough investors who were happy with a small cap exposure to Argentina. It was two years ago that the company landed its Puesto Guardian concession, home to five neglected oilfields, at an acquisition price of US$2.20 per 2P barrel. Production, to date, has undershot the guidance set in 2011, due to weather-related delays and necessary equipment upgrades, weighing on the share price.The hope was that the 2013 work programme, which involves workovers of previously shut-in wells and a pilot three well fracking programme, would to unlock the potential of these assets. Analysts at Edison Investment Research said the workovers alone could take it past cash flow breakeven while the fracking of three wells to test a tight carbonate reservoir above the current producing interval could “add materially” to the company’s existing 2P base of 6.6mmboe.The first of the “fracks” suggested these wells could indeed mean considerable upside. The first of the three wells on the Pueblo Guardian concession in which President has a 50 per cent working interest was the Well DP 1001 at the Dos Puntitas field and it performed ahead of expectations. The well flowed (without pump) into the facility at a gross flow rate of liquids (oil and injection water) of 490 bopd. The oil cut was 70 per cent and continued, as expected, to increase steadily as the injection water continued to be cleared up.This gross flow rate represented a five-fold increase in production pre-stimulation, with oil coming from both the carbonates and A6 sand sections. The reservoir pressure was estimated at 4,130 psi which is within 10 per cent of the original field pressure recorded in 1983.Now we have the initial results of the second and third wells in the programme, the PE-7 and PE-8 wells on the Puesto Guardian Concession. The PE-7 spent the latter part of August being cleaned up. The well, which has been shut in for 27 years, has been demonstrating good flow rate potential in line with the company’s expectations, and has been swabing at a gross flow rate of 230 bopd.The oil cut was 30 to 40 per cent and continued, as expected to increase.

President Energy presentation to Latam Oil & Gas Summit 11th Sep
PPC prospects for oil and gas

Progress this morning, looking positive after the investor presentation.

I cribbed this from another BB, ref PPC link posted 12th sep

New block I reckon we could be looking at 2-3 billion boe of recoverable potential from the Paraguay blocks including a 3rd block interest. That top Russian award winning fund manager just bought in here last month In yesterdays presentation on page 4 dealing with the Paraguayan concession map, block number 20 held by Land Oil/Crescent Global Paraguay - this concession is being processed.If we go back to September 2012 when President farmed into the Pirity and Demattei blocks, you will see that when we farmed into 60% of Demattei, this was with Crescent Global Oil Paraguay (a subsiduary of Cresecent Oil). We only had to pay initially $2m to seal this deal.If you also look at page 16 of yesterdays presentation,1) "The Devenonian Los Monos black shale is the main source rock for world-class conventional gas fields in the Tarija Basin foothills of SE Bolivia".2) " ***In the Paraguay portion of the Chaco Basin***, risked, technically recoverable shale gas and shale oil resources from the Devonian are estimated at 67 TCF of shale gas and 3.3 billion barrels of shale oil and condensate" That's over 11 billion barrels equivalent recoverable of unconventionable oil/gas - not to mention the convential oil/gas recoverable potential. Unrisked will be much higher.This basin covers 60% of Paraguay and block 20 is a sizeable part of it. Pirity and Demattei may encompass some of it, but overall there could be more than one tenth of that potential on block 20 alone. My point re this new block is this -In PPCs September 2012 presentation, page 22 they highlight the 500 TCF Devonian shelf play (circa 80 billion barrel resource play) across the region."The Southern Cone has world-class shale gas potential that is just beginning to be tested".In that presentation of last year on page 22 they actually highlight the 'Alto Parana Block 20' in that southern cone - it's there in black and white, but why solely 'block 20' above all others if it has absolutely no relevance to us ? why or what has that got to do with President ? - until you read the header on that page which states - "Parana-Chaco basin - New business development".If this is a 3rd block to us (quote - "concessions being processed" in todays presentation), then imo we could be on a 2-3 billion boe recoverable target play over 3 blocks.Check it yourselves/dyor, do not forget that actually Richard Gozalez who is our senior management at President Energy and is "President" of our Paraguay operations is also the main man at Crecsent Global Oil. !! Incredible if that block 20 does not become part of President Energy (once processed).

SP rising on good volume. Watch for more news.

Good day today if anyone is interested 15% up

Demand Continues

Mention in the Telegraph

Keep up the good work Activmoto. Unfortunately I've a long way to go on this one but nice to see it's on the rise atm.

Blimey Maggie, you are a stayer. In at the beginning, you'll be in line for a gold watch at the very least.
I hope it comes good for you.

For what it's worth..............

Investment analysts at Canaccord Genuity assumed coverage on shares of President Energy PLC (LON:PPC) in a note issued to investors on Friday 11/10/14, Analyst Ratings. Net reports. The firm set a “buy” rating and a GBX 56p price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 128.57% from the stock’s previous close.