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

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.

I have gone to cash On PPC will wait for a change in sentiment

Can anyone calculate the support level and show me how to do it please.

I was thinking 23p but it is a guestimate

Have a read of this. It may answer your question!

http://stockcharts.com/school/doku.php?st=chart+support+level&id=chart_school:chart_analysis:support_and_resistan

Thanks,
I have looked at something similar, the problem with those are the nice neat graphs.

PPC is a little harder to overlay those parameters.

I have been using a mix of graphs, BBs and SP patterns .

in at 16.3
out at 25.5
in at 22.3
out at 29.13
waiting to get back in

Back in this morning, had a little difficulty getting my order filled.

Not any sellers around sub 28p

Edison Report on President Energy

I expected a larger pull back and nearly got caught out.
SP points to 36p

£5 per share unrisked Is that realistic?

RNS due before end of year, giving production update and expectations from seismic surveys. Share liquidity has improved in the last couple of weeks, I guess by design.

link
President Energy PLC forms bullish "Bottom Triangle" chart pattern
Jan 13, 2014

Recognia has detected a "Bottom Triangle" chart pattern formed on President Energy PLC (PPC:LSE). This bullish signal indicates that the stock price may rise from the close of 38.85 to the range of 55.00 - 60.00. The pattern formed over 88 days which is roughly the period of time in which the target price range may be achieved, according to standard principles of technical analysis.

Tells Me: The price seems to have reached a bottom, showing signs of reversal as it has broken upward after a period of uncertainty or consolidation. A Bottom Triangle shows two converging trendlines as prices reach lower highs and higher lows. Volume diminishes as the price swings back and forth between an increasingly narrow range reflecting uncertainty in the market direction. Then well before the triangle reaches its apex, the price breaks above the upper trendline with a noticeable increase in volume, confirming this bullish pattern as a reversal of the prior downtrend.

This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.

PPC set to release seismic data and CPR news before end of Jan