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Anyone know what all the trade reversals are from days ago?
Totally
agree boukephalas, screwdriver spanner!! 🤣🤣🤣
We're not baking a cake in this game !
Apologies if this has been covered in historic posts: Do we have any other solid case studies to indicate Sandjet working in our favour on this issue?
Shame really as I was hoping for a much bigger fall. I was just checking and just over a year ago - 25th January 2023 to be precise - I was picking these shares up for sub-4p. More of that would be nice please.
Oh well, at least PRD has Trinidad to fall back on. That might suddenly become the number 1 prospect.
If they were forced, then that implies they were not in control. I understand the complexities involved, timescales, delays, difficulties, other interested parties etc etc, but no one is going to try to use a philips screwdriver on a flathead screw (caveat: I can't vouch for Bob).
Watch for large buys after market closes…..
Indeed Porters, but wouldn't single him out. Lots of people on here acted like a rabid cult whenever their dare leaders got any type of criticism & have displayed unfathomable ignorance, despite being invested in an highly risky O&G explorer. Hopefully they've at the very least learned a thing or two after getting rugged once again by Paul.
Was when the Dynamic Duo Award them selves bonus shares for a successful drilling campaign!!!! 🤦‍♂️. Foolishly I stayed invested. They have still to take the other half of the share award . What mugs we all are.
It's easy to go after posters when management are incompetent as this. Yes confirmation bias is strong here, but don't we all do that when invested?
Keithoz has proven time after time that he has not idea of what is going on
Forced to use the wrong tool for the job. Hardly surprising that it didn't work successfully. Ever tried using the wrong size spanner or wrong type of screwdriver to perform a task at home? Get the right equipment in and get the job done.
In the meantime, lots of bb tools inevitably show up.
ART123 "Not only the ramping - some posts by the 'beloved experts' on here have been getting literally hundreds of Recommends in a manner that is/was truly bonkers."
GRH only has to write "Hi" and still gets loads of recommends lol, that's the level of stupidity of people here who blindly follow a self proclaimed guru and believe literally everything he say's, it's the quickest way to loss your money, I saw though his bs years ago.
You obviously very carefully read the conclusion bottom of page 58 on the ITR when they were referring to the formation damage on the Ma sand.
The surprise is that the formation damage seems to be everywhere. BUT the Company know what they have to do with the sandjet to meet the other part of the conclusion on P58.
Big ask for others to stay on board but I only unload when I envisage the share price will fall into abyss. Look what happened to the share price after MOU 2.
MOU 5 doing its job hedging the fall. MOU5 is into the Jurassic which is very large indeed and entirely different to anything else drilled historically. They caught it at the bottom of MOU4 having seen it on seismic. MOU 4 was deliberately located to try to nick the Jurassic and it did. Think I read not over-pressured so drilling muds can be more refined. ITR shows it a big target for onshore Morocco.
Funding in tact for now probably just and the Company now need some good luck. Sandjet will have to work. Side track and fracking not necessary yet but are options.
Biogenetic gas ......
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You obviously very carefully read the conclusion bottom of page 58 on the ITR when they were referring to the formation damage on the Ma sand.
The surprise is that the formation damage seems to be everywhere. BUT the Company know what they have to do with the sandjet to meet the other part of the conclusion on P58.
Big ask for others to stay on board but I only unload when I envisage the share price will fall into abyss. Look what happened to the share price after MOU 2.
MOU 5 doing its job hedging the fall. MOU5 is into the Jurassic which is very large indeed and entirely different to anything else drilled historically. They caught it at the bottom of MOU4 having seen it on seismic. MOU 4 was deliberately located to try to nick the Jurassic and it did. Think I read not over-pressured so drilling muds can be more refined. ITR shows it a big target for onshore Morocco.
Funding in tact for now probably just and the Company now need some good luck. Sandjet will have to work. Side track and fracking not necessary yet but are options.
Biogenetic gas ......
Read Full ThreadReply
Drule,
From PG's LinkedIn page:
"CEO
Island Oil and Gas PlcIsland Oil and Gas Plc
Dec 2004 - May 2010 · 5 yrs 6 mosDec 2004 - May 2010 · 5 yrs 6 mos
Ireland
As operator drilled four successful gas wells in the Celtic Sea, which tested at a combined rate of over 53 mm cfgpd"
Hopefully that answers your question.
Absolutely agreed rhwill
JohnH
The herd neither read the rns's or interpret them. Chipfat Bob being the worse. Unfortunately the sub-equatorial one has internet and apparently satellite access?? Inexplicable.
The Sandjet idea has been a pantomime from day dot but yes they do have a chance of salvaging the operation.
There is also a chance that the next wildcat ie MOU-5 will be a discovery.
All petroleum geologists have to test and conduct experiments i.e wells and testing. No amount of surface geology and sub surface imaging can replace the drillbit and perforation based testing.
KeithOz has a lot of useful stuff to say, just because the test hasn't worked out doesn't mean everyone should be traduced.
I think trying to portray this as a planned issue is disingenuous. This clearly is not what management envisaged, although they clearly had a preference for Sandjet.
Their foot dragging and not having permits in place for Sandjet last Autumn has increased dilution as it is being paid for twice and we have just paid for explosive perforation to maintain licence to no avail.
My understanding is PG has rubbed up alot of industry people the wrong way in the past so this 'genius' tag is perhaps not appropriate.
I hope sandjet proves successful but don't understand the lack of clear timeline now. It was a red flag when MOU-5 started getting touted but one I see only in hindsight.
Just test and confirm if it flows and get on with it.
I have just bought some more at 8.7p. A severe over-reaction imho.
It would be funny if Ireland came in soon, wouldn't it? Isn't that worth ÂŁ400 million or thereabouts, and we also have a potential partner. Patience is the key here.
Someone is buying, ask yourself why ???? Smart money, long view (6 months)
"no changes to available discretionary working capital".
Oh Yeah!
Will the next Placing be before or after Easter and at what price ?
Not likely to be any update now for some time. Shareprice will drift further back to 6 pence, where it normally sits.
Absolute car- crash update as usual!
Ask him Drule. Why don’t you ask him yourself fellah if you’re concerned?
If you would be so kind to share any response, just for clarity of course….
Newcastle due re Ireland and Trinidad any time now.
Easy Tigers
Xxx