Member Info for barnyards

FACTS eh ? oh you mean like this one posted by your (non industry) petro wiki messiah @ 17.25p per share ... LOL :-)

Poster: GRH...
Posted in: PRD
Price: 17.25
Date: 14 Jun 2021 11:53
Subject: £15 per share is DAFT
Morning all
I was asked ... WHEN will we reach £15 per share The answer is NEVER

The SP per se ...will NOT be £15 nor £27 nor £54 (MEM’s figure pre halving)
If you DYOR, you will find that he is not certifiable... ayinjust look up the Paul Deane info re Ireland alone

BUT I reckon a total RETURN of £15 per share is possible in quite short order...
and by that I mean very late 2022 - 2023 (for Obadhia)

One of the things that folk (incl me) find difficult is judging when to sell shares...
some hold on for the ride at levels with which they are not comfortable...
we have already read of several on here...

But I think that decision will be taken out of shareholders’ hands...
PG et al will BEST judge when to sell assets ...

or PARTS of them!

So ...I consider that shareholders might well receive special dividends (they should properly be RETURNS OF CAPITAL of course) in the early part of my timetable...
and then more returns as other projects mature
it is likely that PRD will then be a proper dividend paying company...which could continue for very many years after the initial £15 return figure has been realised

The three areas of PRD business are so different in terms of value/time that it cannot all come at once

I anticipate farm downs of the various interests ...with PRD holding on to decent % equity stakes...that are FULLY CARRIED

So...PRD then becomes a sort of holding company...with at least three streams of income/capital flowing upwards to it

BUT I agree that there could well be more than three streams...
I think there could well be at least six.

Where does that leave ‘my’ £15?

Well it looks a bit daft really

Daft when contrasted with the current SP...

Daft when contrasted with £27 or more

I think it is realistic/conservative
((I don’t know anyone else on here with published history re two 100 baggers?
but I consider that even those ‘calls’ will be relegated to second order when contrasted with PRD

The SURE thing is that almost nobody on this BB today will achieve total value...
Most folk will be gone before it is realised...
It is just how a market works...it is no bad thing
the bandwagon jumpers will be here in great numbers...
and they will merely jump on and off again and take their limited gains...
and convince themselves they are great investors
If that suits...great

BTW1...That Paul Deane report re Ireland blows many numbers out of the water
BTW2...The figures in the Michael Caine posts are NOT based on MY figures..but upon hard data points issued by PRD in RNSs...
BTW3...I am not kidding when I tell you that, in all my investing /deal doing years, I have never before seen a tiny outfit wield quite such economic fire power... across three distinct econ

FWIW I'm sure GRH will be along shortly with another of his EPIC ...

spaced out...

page filling...

posts...

BTW...

did I tell you about the time...

I once oversaw the drilling of a...

WATER WELL....

at the bottom of my garden...

the FLAT COATS were very...

INTRIGUED...

and wondered why I was running up and down the garden...

with COPIOUS pots of TEA and BISCUITS...

THINK ABOUT IT...

I HAVE :-)

"£14.7k approximately left for me to meet 2021 target"

@ 20ppp (Pence Per Post) you had better give your caravan park bob a job chores a miss and crack on :-)

"where can I find this TOOL"

have you tried looking in the mirror :-)

"Let's see in a minute"

why ?

what's the rush ?

gotta love these nano second penny wise pound foolish traders :-)

nice and steady as she goes cap'n

divi's divi's and yet more divi's

lovely jubbly x

"I have a lot of drill experience - mostly from the comfort of my office"

LOL this should be good :-)

prepare yourselves for the anticipated mass influx of (GRH styled) petro wiki armchair experts

"the only truly hands on experience I have had was making (and taking) endless cups of coffee to the bottom of my garden"

its as we always say in the patch, the truth will always out in the end ...

and there you have it folks

GRH really was that Tea Boy advising Tony Hayward of ex BP fame

YRCNMIU

"quick response as having very busy day"

LOL you can't be that busy when it only took you 7 mins to respond

me thinks its yet more femme fatal waffle :-)

"number one mistake PI's make"

is being overly influenced by others :-)

Justin WHO ?

anyway lovely weather

sure beats sitting in a darkened room and trolling the blogs all day

you should try it sometime Tony

TTFN x

THE WORST ENTRY WILL DONATE £10 TO THE CHARITY
Cos of the above not many wish to join....Never Mind!

OR perhaps nobody wants to join in because:

a) its a childish game

or

b) its the frigging weekend where most normal people (unlike your sad attention seeking self) much prefer to have a life away from the blogs

or

c) a combination of BOTH

20ppp (pence per post)

FantasyInvestor aka: Garbled aka: no life and nothing left :-)

"it’s easy to spot the trolls"

not half as easy as it is to spot the pump and dump TRADERS

added more at blah blah blah

and more at blah blah blah

and more at yada yada yada yada

and more at yada yada yada

now holding gazillions at blah blah blah

long and strong yada yada yada

and yet those same forever buying and/or topping up trusty people are never as quick to post and advise you when they err umm SELL

funny that eh habiba :-)

"doesn't change the fact they f@cked us over when they could have gone another way"

Hasiba oh you mean like your other favourite HUR taking on £230 million of DEBT that they are now struggling to repay and has seen the SP go from mid 60's to less than a penny at one stage or how about XEL who did the same kind of thing when they took on those 'secured' loans which in the end saw the company go to the wall and get liquidated when they couldn't pay the money back or how about GKP (another of your favourite stock picks) who borrowed similar amounts of money in exchange for writing off a previous unserviceable debt by giving away 95% the equity in the company to bond and note holders which left shareholders holding 5% of the equity and shares that were once worth 465p worth less than 2p

yeah its a great 'f@cking' idea taking on DEBT in such an 'alternative' manner - maybe we should all vote for you and giddy up to get a place on the board :-)

out of interest is that how you trade - with BORROWED money - LOL

do be sure to tell us all when you sell

oh that's right

you never do

always buying and adding and yet you're never seen in public selling

hmmm how does that all work

absolute CLOWN

toodlepip x

what's not to like ?

H1 BASE v H2 REBASE (as a simplistic mathematical value accretive comparison)

NTM NOI - UP 123% @ $75.3 million

NTM Production - UP 113% @ 18,470 boepd

2P Reserves - UP 159% @ $137.5 million

2P NPV10 - UP 122% @ $407 million

and that's without anything built (priced) in for North Sea potential production (post FO) down the line

time to step away from the keyboard

bring on the (increasing fcf) dividend(s)

toodlepip x

I think a few people on the blogs (some obviously much more than others) need to step away from their keyboard (before they wear it out or break it altogether) and get out and about in the summer fresh air a bit more :-)

this one always makes me chuckle when reading investment forums

www.youtube.com/watch?v=i2KLyBapfTc&ab_channel=jackanme

as I've said many times before

bring on the dividend(s)

what's with all the rush

toodlepip x

well Pete I'd say as far as first posts go maybe you should be welcoming back Brian Abbot Heather Adam

sorry I had to omit the J but I just couldn't get it to fit in

aka BA HA :-)

if this wasn't on peoples radars, IT IS NOW looking at all the new (headless chicken) faces this morning...

anyway, having taken the time to digest the RNS and then subscribe via primary bid for a chunk of (fingers crossed) 11p shares, (instead of posting frantically and whining on a faceless blog) one has to say, although this latest acquisition came somewhat out of the left field, when one looks at the much bigger (aka the longer term) picture what's not to like...?

this acquisition almost doubles their daily production and not least (or more importantly) it further underpins their stated policy of paying decent twice yearly dividends to their shareholders.

15p soon

20p soon

25p soon

40p soon

50p soon

triple digits soon

blah blah blah it'll be blue sky tomorrow... yeah yeah yeah... whatever :-)

toodlepip x

"you won't notice anything coz your heads so far up your arse"

well blow me over with a feather duster Clive we finally agree on something LOL

its funny that just when we get rid of one 'always right' forum nonce (JAdam or was it HeatherH although really not sure how many other 'trading' aliases they still have running) another predictable legend in their own blah blah blah follow me lifetime (aka Clintek) pops up.

anyway SP nicely rising and as I've said all along bring on the dividend payment(s)

PS
without wanting to burst GG the paragraph less giddy ups serenity moon drilling bubble, I'm still going to say, although a farm out 'might' be concluded at some point in the not too distant future, you are still unlikely (IMHO) to see any NS drilling before the year is out but hey as they say in this game

WTFDIK

toodlepip x

"the group made a loss after taxation of £8,233,000 (2019: £2,185,000)"

turnover is vanity, profit is sanity :-)

80% gross margins eh ?

so much time and effort on the blogs from the number one pied piper for a 10 fold backwards return

keep the faith it'll be triple digits soon

toodlepip x

LOL copying an article just goes to show how much industry knowledge you really do have, however there is a BIG difference between your 'googled' example than your earlier 15 - 20 km 'cost saving statement' especially since the current world record is around 12 and a bit km (MD) and that's held by one of the MAJOR operators so I hardly think little old CEG will be challenging or contemplating beating that record anytime soon and I'd go as far as to say perhaps not even in your own back yard legendary blog lifetime.

as the wise old owl once said

a little knowledge is dangerous and boy you sure have a record of being one dangerous individual

AAOG triple digits soon :-)

"Possibility to target the offshore Venezuelan basin reservoir from SWP onshore pads at much reduced cost through horizontal drilling tech - can go out 15 -20km apparently"

as the wise old owl once said:

it doesn't matter how many words may be spoken a fantasist with little knowledge will always be dangerous

15 - 20 km eh

PMSL :-)

"makes no sense"

"this should be 7-8p TODAY"

sounds like you're not too familiar with the business phrase:

turnover is vanity, profit is sanity :-)