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OK, fair enough if you have additional information, it was only a thought that FS were perhaps promoting and helping the company behind the scenes.
Many people on here are researching and posting information on here , Others are spreading the word by various while some are contacting paul direct looking for answers, Hence pauls rant on the number bopd and the bucket, Who ever that was might have forced paul to update the market, Lets face it, he is one for keeping us in the dark without any update. ie Planned EOR production in June 2019 and it wasn't until the Jan 2020 that we found out that phase 1 had not started.
A lot of us submitted questions for the AGM after it stated in the RNS that we could ask questions, Nothing , FS contacted , Nothing. The list goes on.
FS is just a small team, Check them out at companies house, I think its a hobby for Tim and his wife while thinking abour retirement.
What we see is FS posting RNS's in Chats while the brokers may going looking for new investors.
I am sure a few will back me up on this
So PI's have been approaching various companies on behalf of PRD?
Are we privy to everything that is going on behind the scenes?
Or if you mean providing PI's with information, then my thoughts, as per my earlier post is that I don't think that FS are employed on that basis but on doing the donkey work of promoting PRD to other businesses that may benefit from what PRD are doing and have acheived.
looks like you don't know the half of it Kasjnaton, private investors have done more in a month what FS have done in a year and i have emails to prove it.
To those that are criticising Flagstaff, I would like to ask them how did PRD get so much interest before the release of the RNS, yes most of the interested companies are T & T based so will know of what is going on, two of them are not though.
These companies may have research teams looking at businesses and licence areas of interest to them to try to find where deals can be done but they are only human, make mistakes and overlook possible investment or business opportunities.
I am sure that Paul and the other members of the board are busy with operations and negotiations with companies that come forward to say that they are interested in working with PRD.
I do not see Paul and the others even having the time to contact dozens of companies to promote PRD, this is, I believe, where Flagstaff come in to play.
Good morning Privatetesla et al.....after seeing todays market and deciding not to look at share prices until all this gamestock wave of panic is hopefully over, have been looking at Massy and their business (just in t&t not rest of carribean and surrounding areas) ......they are amazing, think they have fingers in every pie, from o&g to car insurance....one annoying bit in your post( but any advertising on our behalf is good i guess) is the ......
"Massy Gas Products (Trinidad) Ltd. has developed
an innovative approach to enhanced oil recovery
(EOR) using Carbon Dioxide (CO2) to increase
onshore oil production in Trinidad and Tobago"
Stating Massy developed it ,not Prd...
Trying hard not to look at sp with "doomed, doomed i tell you" in broad scottish accent reverbarating in my head..
Gla
Stay safe
Bdt
Don't know how much they make, but here are a couple of key points from their 2020 annual report.
"In 2020, we expanded our presence in Colombia, by entering the
LPG market. This market is very similar to the Jamaica and Guyana
LPG markets where we are market leaders. We are leveraging our
best practices in our Jamaica and Guyana businesses. We are also
working with our technically and commercially astute Colombian team
to build a successful LPG business in Colombia. We have also started
supplying carbon dioxide for Enhanced Oil Recovery in Trinidad and
Tobago and expanded our carbon dioxide exports regionally. In Jamaica
we have cemented our strong position in the LPG bulk and pack
markets through intense customer focus. In Guyana we have a leading
presence in both the industrial gases and LPG Guyana markets. We
have a very experienced Guyanese team and our business in Guyana
is well positioned to experience further growth through expansion in
existing sectors and through expansion into new sectors particularly
the oil and gas sector which is expected to have exponential growth
over the next decade."
"Massy Gas Products (Trinidad) Ltd. has developed
an innovative approach to enhanced oil recovery
(EOR) using Carbon Dioxide (CO2) to increase
onshore oil production in Trinidad and Tobago.
This innovative approach provides mobile
scalable solutions to injecting CO2 in remote well
locations without the need for large investments
in pipeline infrastructure. This innovation provides
the additional benefit of providing CO2 capture
and sequestration thus positively impacting the
countryâs carbon footprint. A pilot project has been
initiated in Moruga over the past eight months
with significant increase in production in the wells
treated."
exponential growth!
Agree Lancy. that was a very thoughtful.post by Bradley. I'm in RBW and Flagstaff have been very communicative there, as they are not so communicative for PRD they must under orders to keep a low one at present.
PR companies are not autonomous organisations with a free will to go spouting their employers praises as they see fit, they work under instruction.
In a world full of spin, exaggeration and misinformation it's refreshing to.be in a company hatvis confident enough to not need to constantly tell the world how great it is.
Hi All ...
PrivateTesla started a thread on 16 DEC 2020 titled Trinidad & CO2 Incentives .... it's reading the thread again or new if you haven't already.
https://energynow.tt/blog/lets-dance
There is a link to Energy Now Issue 34 which has a number of goof and informative artciles related to our interests. The main one highlighted by PT was " Let's Dance" on page 21.
There's also an article on Carbon Market and Carbon Pricing on page 17.
PRD/Masset also have a piece.
One stand out for me from the Let's Dance article is ..... US congress enacted Section 45Q tax credit under Internal Revenue Code. Tax credit is set to rise over a period of years to USD 35.00 per ton of CO2 captured from industrial source and stored through EOR.
As I understand Oilers pay for their CO2. so Massey would appear to benefit commercially from providing to PRD. I don't know the mechanism but perhaps the intent is to share any future carbon credits ?
What is clear is the CC and trading market is going to be huge - many trillions across the globe according to the article.
GLA
Thinking about it though, Massy would have come to some arrangement with us as the carbon credit can only be issued once. Maybe thatâs the âprofit sharingâ mentioned in the RNS?
The more Massy makes
The stronger the partnership between Massy and PRD
PG might well have come up with a very attractive series of new income flows for Massy
He might well have put PRD into an incredible position with TT government
One must ALWAYS understand what is in it for the other party
Win/Wins are the best deals in my...very limited ...experience
TT now has my rapt attention
ATB
The more Massy makes
The stronger the partnership between Massy and PRD
PG might well have come up with a very attractive series of new income flows for Massy
He might well have put PRD into an incredible position with TT government
One must ALWAYS understand what is in it for the other party
Win/Wins are the best deals in my...very limited ...experience
TT now has my rapt attention
ATB
Excellent post Bradleybear !
I would imagine lots of newsflow for us all over the next 4 to 6 weeks from Trinidad & Ireland as we await our drill in Morocco.
Long and strong is the way to go :)
I saw an EU figure for carbon credits from a proposed Dutch CCS scheme, worth approx âŹ50 per MT. I think itâs roughly the same in the US also.
Sorry for the timing ladies and gents but I wanna throw a few pennies in.
PR with this company is terrible I have learned and am sure a few will agree Paul releases only justifiable new! Why? It cost money and hes likes to save pennies.
What's different about this share to any other?
Management are in the same boat as us to the tune of ÂŁ1m! Yes that right Paul spent ÂŁ1m of his own money in the IPO of this company! Paul at one point owned over half the shares!
Dilution! I hear this word a lot! Dilution Dilution! Long term holders hear learned a valuable lesson on CLNs! CLN may as well spell RUN! Paul has been diluted down now to around 24% he swapped half his shares for morroco!
Morroco! Look at the figures and see the prize money! $500,000 to $1.5m per bcf of gas! Certainly any decent hit is multiples of current mcap!
Trinidad! If you haven't already worked out why this is valuable then hear is why! Old fields in a country who need and make money from oil! Always have and will for a good few years! Why is PRD a big deal to them? It turns old field production back to or even better the original production! Do you know how much companies want to hear they've had massive uplifts in cash and lowering Carbon emissions! It's a double whammy if I ever saw one! No wonder hes got so many companies knocking!
Ireland! I don't know much I will be honest but what I do know is that Paul being the guy he is has been clever enough to stop all leaks of communication to do with this! Why? Because of the size of the prize! Ireland will be a bat out of hell on the share price! You will think we where another Apollo mission the SP will climb that quick! Look at LNG and how much ireland need gas and you will understand!
The guys old school except the fact he does if his way and hold on! Good luck all
Evening all...
Has anyone here made a stab at working out what Massy makes...can make... out of this?
Once this is scaled up, they will be sequestering a pretty decent volume of CO2
Thanks
ATB