The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Paul has had the foresight to build a Green Company and the Greens are in power in Ireland....In PaulI trust.
Adonis123 - Agree 100% about the unpredictability of the Irish Government. For PRD Trinidad will be the bread and butter for some time to come and the scope for expansion is huge. Morocco provides a reasonable chance for success, I invested in SDX for a while (too long) and they did exceptionally well at discovering gas. This makes me think they either had expert geologists or there is a lot of gas under the sands in Morocco... one good strike of the drill and away we go. Ireland is a different kettle of fish, there is clearly an opportunity here and Paul is one of the best when it comes to sniffing out an opportunity. But here you will need the patience of a saint, because generally they will talk and talk about stuff for years before making a decision. However, I was surprised how quickly the new coalition killed off the Shannon LNG project, so perhaps PRD might get a look in sooner than expected.
If all three projects come in then name your price for the Company's net worth (100's of millions). If only one of the projects comes good then we will still do very well - and the chances of at least one coming in are very high IMHO.
Indeed auc, green is the future. I'd been trying to get a vegan daughter share dealing but she wouldn't touch O & G or mining with a barge pole, which was a shame cos for me, this is where the best rewards are. I showed her PRD's plans regarding CO2 recycling and she's reluctantly agreed to come on board. As Leo V says, gas is a transition fuel, everyone knows we can't be wind or solar powered for 20 years so let's all be as green as possible with foss fuels until we can. PRD leads the field..
Adonis, if Ireland n LNG Ireland and Morocco r duds, the bread n butter Trinidad can easily 5 / 10 bag us from current 9M cap. C02 EOR is proven tech. Oil reserves r proven. Economics r profitable at $20. Unlikely to see a tank from here unless wider market and all stock go down imo. One of the safer Oil/ gas stocks with buckets of Jam too. And it’s one for the greens to love too too
Everywhere I turn CO2 emission reduction is high on the agenda. Today's front page of The Economist (at least the US edition) linking it with big oil. Now Demonic Cummins talking about taking CO2 out of the air and sticking CO2 under the ground, like dust under the carpet, but isn't that what PzRD are planning. Moreover we aren't just disposing of the stuff, we will be using it to.utilise the earth's precious resources, less drilling less waste, less moving on to disrupt another marine environment or piece of the countryside.
We are on to an absolute winner here. The tide has turned big time in regards to the Green lobby.UKOG found that out to their dismay last week. A few years ago, jobs and investment in an area would have trumped eco concerns.
Hi Adonis . As we know, Trinidad fields already contain O n G. We're just coaxing a lot more of it out.
You may or may not be correct but the market is cautious and any private investor should be equally wary, especially those who have invested in Trinidad before. Money can easily be lost on these projects. Of course, I want this company to do well but too many people here seem to have a, 'we cannot fail' attitude. Too much ramping can also be a sign that some are planning to get out early and leave 'mug punters' holding the wooden spoon. So sorry for not leaping for joy like a miner 49er as he unpacks his gold pan but I've been round long enough to know that all that glitters is not gold.
Blissful, what is your idea of 'near future' ??
We are 51 days in to CO2 injection, pressure building on the EOR pilot test, as I type, not long to go for material news.
As for Ireland, its more about back channeling, forming relationships, perhaps HOT with our Global 'Partners' rather than an exact date. We are at a pivotal point in our Irish ventures.
We dont need to drill, we think we can re-enter, far cheaper, but then I am sure you know all this by now, as you will have studied all the info on the website :)
In a few years we will look back and realise what Paul is doing right now, will be the blue print for any/all ecologically focused Oil/Gas Co of the future.
PRD are Trail Blazers, lots of others will follow.
Watch for big news out soon, something is brewing.
I have read the prospectus but I do not wear rose tinted glasses like some on here.
Who said I have doubts about Morocco, I am in for Morocco? Of course, it's a gamble but it's on the reasonably close horizon and looks likely to go ahead in a few weeks/months. I said T&T are unlikely to come good in the near future. When exactly is Ireland going ahead?
Anyone seen this today's Economist. I really do believe the world is at a crossroads in regards to CO2 emissions and we own shares in a small company that could be a world leader in reducing emissions Extinction Rebellion haven't gone away, just taking a siesta presumably wanting to keep a broad church of support and not wanting to be accused of spreading CV19..
https://www.economist.com/the-world-if/2020/07/04/what-if-carbon-removal-becomes-the-new-big-oil
@blissful
If you don't think Trinidad/ireland will come good and have doubts about Morroco..
It begs the question, why are you here?
Blissful, you really need to read/learn about PRD’s plans, by reading the prospectus, otherwise , with respect, you will remain clueless
What happens if the first drill in Morocco is a duster or noncommercial? Do they funds to drill the following six?
Do you mean they plan to drill in Ireland? With what, it's been banned there? Ireland is more like a sour grape at the moment so I wouldn't fancy backing on a tasty bite there.
I can't see T&T coming good in the near future.
7 possible drill area's in Morocco, at least one target field in T&T, but there are lots more possible fields and 2 Licences in Ireland = total 10
Nor sure there are ten bites of the cherry here.
Morning all
Interesting discussion about charting...trading..thank you
I confess I have always avoided it and gone for pure fundamentals every time...
Although I have not been averse to ranging where I can see the patterns that are being worked...
but that does require very high levels of focus...ok if in trading room but privateers can only do it for few hours at a time nowadays...although I think old Evil Knievel (lovely bloke and most generous host) might still put many youngsters to shame such is his level of application...usually on the short side of course!
Do any of you chartists make real money...consistently...out of that method?
Please be very frank
I ask as I am considering two possibilities in my dotage
1...find a great technician and do jv with him or her...
Use their expertise with my investment...share profits...bit like hedge management
But I would need to see proof of long term consistent success...talk is cheap but money buys whisky!
2 ...float another quoted company...but only have small number of higher level shareholders...institutions and few privates...
Probably 150 privates each in at £100k a corner
what I used to do back in the roaring 80s...that was very lucrative and FUN...highest PERatio in uk
obviously I would seek to base the company on RSDD-H...the track record of which is ignored by industry flat earthers...many great examples incl ...historically...Sound of course
ATB
We are all here to make money. With about 10 bites of the cherry, hopefully a growing income from EOR as a means to unlock other treasures. Icing on the cake is the positioning re CO2 sequestration/EOR.
I’m only surprised there are not one or 2 new companies forming to specialise in CO2 sequestration linked to EOR or Gas recovery, it is exactly the way the industry needs to move.
Access to a very old depleted oil field, worthless in the current situation, however by pumping in CO2 From a nearby power station or factory, suddenly the defunct oil field can now access the oil/gas remaining in the field, potentially millions of barrels.
How many of these exist. around the world ?
The uptrend is reflective of risk reducing after Covid and oil crash + progression on current projects and assets. No spikes so gradual increase and consolidation meaning a more stable share price. Basically things are moving in the right direction. Its a given that good or bad news would mean big moves in price, thats the reason I am here risk vs reward is v good :)
Adonis123. What do you know about astrology? Probably nothing so please prove to me that there is nothing in it.
Thanks MrMM
It’s an interesting chart forming. To add a complementary view to the tealeaf reading if I may:
We are currently in a rising wedge that converges on the 14th August ~5.25. This also intersects with a long term resistance line (17/09/18, 23/01/19, 02/09/19, 16/12/19, 24/01/20). Crazy!
By interpolating the daily close between now and then (few scenarios run), we should see the golden cross occur somewhere between 3rd and 14th August. Even Crazier!
Another thing I will often do is chart the mcap where there has been dilution. 5.25 will also represent a mcap of ~£12.6m. The previous mcap high was in March ’19 at ~£13m (closed at £12.3m) but with much fewer shares in issue. Super Crazy! Golden cross on mcap occurred a few weeks ago!
The expected news on T&T should be around then. Ran out of ‘Crazy’ expressions! Throw in Morocco and who knows what the team has up their sleeves for Ireland. It’s shaping up to be a very exciting early August – but quite possibly a breakout before. It’s a bit like the 50 year storm from Breakpoint (original version)
GLA DYOR
Last paragraph should read
Once we have our golden cross breakout it will take us nearer to our 1 year high breakout which is at 7.15p and then the next target will be 13p ish which would be the strongest breakout of all being the all time high breakout .
Very bullish
We are clearly in a rock solid uptrend with the bottom trend line being at 3.70p and that’s rising each day even when we are consolidating .
I’m a long term investor who’s holding until all our assets are drilled and that’s the reason why I haven’t done a T/A post for such a long time but considering we are in a uptrend and someone asked me to do my T/A on another share I’m in , I thought I may as well have a look at PRD and do one here as well as it might help someone out or be interesting to others .
1 month daily. T line is clearly acting as support and we have bounced off of it twice recently. Macd is quite high still at 67 and the macd is positive. Very bullish that we closed above 4p which will soon . become new support (old resistance becomes new support) . Yesterday’s move could be the start of a new up wave which takes us into a new higher trading range by the looks of it.
6 month daily . This is where it starts getting interesting ... the 50 ema is sat on 3.22p and the 100 ema is on 3.395p and the bands narrowed a lot since the fall from 5.5p . It would seem that we will have a golden cross breakout in the near term
Which is a very powerful upwards move.
I only have ema not DMA but it’s not a lot different. Although it’s best to use DMA if you have it .
6 month weekly. What a fantastic looking chart this is , it doesn’t get any better than this little beauty. Macd is nice and positive and the rsi is on a really nice level being just below 50.The upcoming new move that started yesterday that I just spoke about will take us above the 50 ema which is on 4.167p and that will be very bullish showing that we are progressing strongly. Also as this happens the 50 emails will start moving upwards to cross the 100 ema (golden cross).
1 year monthly. Macd bars are narrowing and should turn positive very soon. Last 4 months have been white candles and I expect this months candle to get a lot bigger as time moves on.
Once we have our golden cross breakout it will take us nearer to the strongest breakout which is the 1 year all time high breakout which for us is at 7.15p and then the target will be 13p ish
All imho so please dyor
ATB