Member Info for Buffin

Samsmit: You asked, "R u even thinking about investing? If so at what point would it be?"

Maybe when they have a seemingly worthwhile asset and the resources to exploit it.

FWIW I've said before I'm not invested yet.

Taking a lot on trust, I'd say.

Still capitalised at £27m. Quite a lot priced in, I'd say.

ZENGAS: Agreed. If they're travelling around gazing at rigs, and they're talking of a farmout (of something they haven't got yet btw), the implication is that they'd expect to become the operators. Really? If a company of any size was to farm in, would they really see UPL as the operator?

Or are UPL making it up as they go along?

SDX are proposing spending money to enable gas imports to Morocco from Spain. So they don't seem to believe PRD is going to be producing oodles of gas in Morocco any time soon.

https://www.lse.co.uk/rns/SDX/corporate-strategy-update-mnfof1b61xo5q6s.html

Spending money to enable gas imports to Morocco from Spain? So they don't believe PRD is going to be producing oodles of gas n Morocco any time soon.

Yes, I'm not saying Never. But for me, Not Now.

Oh no, I *am* interested, DS22. I'm fascinated.

Yes, that wouldn't make the government reconsider a deal it hadn't yet signed, would it.

Your CEO seems way out of his depth.

They were funded for both drills. But then what?

I don't know what else people expected. (And yes, I took a loss a while ago.)

FWIW (nothing), I read it as a general statement. Best to take it that way anyway, as we know PG's plans can be subject to change.

Ibiza: Remember Keith's point about the geographical size of out licence. Would it all have to be licensed on to a single buyer?

Did she buy a duff rig? Will they still have time to drill the second hole? And do they have the money to do anything else if they do drill the second hole? Or are holders looking at another raise?

Interesting scenario, GRH, thanks. T&T was expected in November. So if you're right, PG would have expected the MOU this month. Otherwise T&T was always likely to come first.

For now we have a question about shareholder trust. PIs were led to assume that testing would have started by 16 October. PG didn't correct this assumption until early November.

Testing is postponed again and again, different reasons each time. Is this sinister?

I'd give him the benefit of the doubt on this, but doubtless the NEDs will have noted another sharp drop in the share price, putting their options immediately under water.

Meanwhile, we are seeing sales of six-figure blocks of shares under the placing price.

If we give PRD the benefit of the doubt over repeated postponements of testing, the fundamentals have only improved. But the reaction to Malcy's detail about T&T must now be, Wait until we see it.

@Traa-dy-Liooar We all know there is no nomad. It's not an AIM stock for goodness sake.

Ibiza: FWIW you didn't upset me at all, I just tried to give you a reply which I hoped might be helpful. And I don't think share boards should be for supporters only: we need to be able to test counter-arguments. (Otherwise you get a share board like UPL's, where anyone raising questions is drummed out of town. But any possible new investor must be able to see both sides.) But they should be reasoned arguments - I'm sure many of us have accumulated quite a few green boxes!

Hi Davies. Is there a link to that quote? Whoever wrote it doesn't know the difference between 'detracted' and 'distracted'. And 'preparatory work' for the drilling campaign will be 'commencing' 'in 2024'.