Member Info for AndroclesB

It was in fact almost impossible to sell any quantity at 40p.

At least, that’s what I tell myself.

Dammit.

I looked in on a different device without logging on and unfortunately saw NH is still here.

He’s coming across like the annoying kid that everyone ignores stamping his feet and screaming, “but what about Pilbeam”.

One last time - TW is the genius that launched TWO smaller companies growth funds that both went down the poop hole.

Do we think Geowiz(!) doesn’t understand the difference between a CPR and well test?

I’m trying to be charitable here.

Geowiz,

Initial monetisation of Tendrara appears to be CNG, no reason why PRD can’t do that.

Subsequently, kindly compare the distance of Mou to the major pipeline to that of Tendrara.

Geowiz (!)

As I said the other day, read across from Sound is essentially irrelevant, but to illustrate how misleading you are, Sound’s Tendrara flowed like a good ‘un, and is the basis for monetisation. Oh, and it was initially found by PRG.

As for obfuscation, well, that now appears to be redifined by you as the use of facts to counter a Gish gallop of nonsense.

Stuck in a rut puddle jumping, but have cash and customers.

Offtake agreement/reversal anyone ?

Just a bit of idle speculation, to evaluate and/or narrow down options.

Geowiz.

Sound screwed up, but what you say is a complete misrepresentation of why, and consequently the read across to the risks here is also incorrect.

Remember the obnoxious baying “we’ll all be millionaires” crowd at the Sound Gherkin event?

Fordy,

I hope we all do well here, but this should be the mustard on a well balanced portfolio with lots of stodgy meat potatoes as its other components.

“But who do we know that knows where the real gas deposits are in the Tendrara license ?.”

I know several.

It’s one of those counter intuitive things.

I’ve a feeling your instincts are good, though.

Fordy - nice to have you here - but this will drop you in hot water with our resident statisticians! ??

“In reality the more times one is correct, the less likely the next time they will prove to be”

Polemic,

Your first query was based on incorrect reading of the information, but taken at face value, and both Keith and I provided you with the correct information.

You then chucked a fact free generalised deramp, played the wounded soldier, and now have circled back saying you really are a genuine holder.

QED

Polemic,

The risks have been forensically examined and listed here. If anything has been missed, it’s most likely because no one knows about it. Eschewing tautology, your post comes across as a lazy deramp, chucked out because your first one got torpedoed.

Not sure where you are going with”not much”……

“ Rights to oil and gas are shared between the state and the holder of valid concession rights in proportion to their respective participating interests in any applicable concession. As a result, each partner in a licence can freely sell its share of the available reserves.”

We have 75%, I recall

Razorman,

It’s a curious approach to value PRD based on what you need to clear losses elsewhere - fair enough for you personally, but nothing t9 do with the dynamics here, either low or high.

Excelsior may well be right about PRDs prospects, but we have no way of knowing, as no reasons are given, just that we “don’t understand the market”.

Help us out E, with specifics, not generalisations, or is is this just a lazy bit of FUD?

Loch Nez

Yes, they could raise now, and get sufficient funds to drill, whereas an unsuccessful test would increase dilution massively.

Makes me think they’re pretty confident too.

Loch Nez,

It was a rhetorical question.

I suspect we are both thinking along the same lines.

So, is the testing of MOU1 prior to drilling dow to

a) circumstances beyond our control - COVID, SDX etc

b) it’s a last desperate throw of the dice, as no one will consider funding MOU4 unti it’s proved up

c) A confident strategy by PRD who is confident the result will strengthen our position and minimise dilution.