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I too would point people in the direction of the 2020 presentation, the 2021 annual report and the pathfinder document.
I am expecting a 100% success based on my evaluation. However that includes 'failures' as some might see it, especially if they have not read the documentation. I know what I am expecting though so have set my expectations. And even with those expectations from this drill this is still a massive prospect. Just read the documentation....
I would be amazed if CP were NOT in talks with PG, on many different levels/outcomes.
Morning...
NickNorth
Good question, if I might say so
many interpretations are possible
but yes...that could be one of them :)
As to the July 2020 presentation that was mentioned by a poster...
IMO that includes possibly the most comprehensive detail
that I have seen placed before shareholders in E&P companies
If anyone has invested money in PRD... or is considering doing so...
It is REALLY worth studying...not merely 'casting an eye over'
I apologise...
'quite' a few folk have now contacted me
seeking answers to questions around the likelihood(s) of success
But...on this occasion... my lips are truly sealed
ATB
GRH
Maybe making 5 out of 2 plus 2 but could 'tight hole status' and lack of data release from MOU-1 indicate that PG is already in talks with an interested party?
This was my thinking...
From RNS Tue Feb 25 2020
"Completion of the first well will release US$ 1 million of PGVL's US$ 1.5 million bank guarantee with ONHYM, subject to final delivery of all the data from the well to ONHYM."
Fully agree GRH.
I Rembrandt Excite sailing dry close to the wind on this.
I like the fact Paul feels no need to artificially jack up the sp, for many reasons.
Lion King...it is up to each company
re the ONHYM point ...made by 'my_opinion'
IMO...it is possible but very unlikely
one only has to contrast the Predator TH designation on MOU-1
with the activities of Sound (about which I know 'quite' a lot)...
they issued several interim RNSs
whilst drilling various holes...
both at Badile in Italy
and multiple holes at Tendrara ...itself in ONHYM territory
No...PG is doing it for VERY good reasons IMO...
MUCH to do with intel NOT going to competitors
Think on this
everyone says they want more and more data...
I hear it a lot
NO you don't!!
you do not want data...
you want intel /knowledge!!!!!!!!!!!!!
PG knows that...intelligent bloke
(BTW: The term 'Data Deluge' (which can drown you) , was actually coined near Redwood Shores...
at a senior level brain storm session...at big hotel complex at San Jose)
ATB
I thought this may have been an ONHYM imposition
Thanks GRH for an excellent explanation of a technical term, the commercial significance of which was certainly not immediately apparent to me and, possibly, other members of the BB.
GRH - are there any regulations around declaring “tight hole” status, or is it just up to the company?
Afternoon
surprised that nobody picked up on that declaration...
as per today's RNS
it is pretty important
as many will know, the designation itself means that many Parties are now denied intel coming from the hole
obviously...those Parties include shareholders
but they ALSO include other companies operating in the same sphere/geography...
THEY are now denied what might be very important geologic intel.
Such denial of intel is worth REAL MONEY
When I started analysing and investing in E&P,
I used to wonder why ALL exploration holes were not designated thus...
but I quickly came to realise that some E&P companies actually wanted to give information about 'progress'
That desire was not always for informative /altruistic reasons
but to keep punters 'interested'
whilst some might be able to deal in the shares based upon...frankly ...what is often totally irrelevant or even spurious 'information'
You only have to read some recent RNSs from a few companies ...
and then contrast the intermediate drilling 'news' ...
(couched in glowing terms...sometimes SP enhancing)...
with the ACTUAL results achieved
I can think of a few outfits that were highly keen to issue intermediate 'reports'...
that have cost investors many ££££££££
in some cases over £1m each
But PG is very different...
he has no interest in issuing updates that might ...AT BEST...be lacking in really helpful information
and at worst could be misleading
and hence misguiding the market
Good on him I say...
if I was running a totally kosher small E&P, I would do it EXACTLY as he is doing it
ATB