Member Info for Cephalo

Gudin, I suggest you wait like the rest of us for further news. Your questions pertain to some interesting but theoretical discussion. You won’t get answers on this bb. I suggest reading the RNSs and watching the presentations again. The last one freaked out many, but then many are unable to read between the lines and interpret the hints. It wasn’t in the least defensive in my view. Suck it and see, or sell.

"Trading in the Company's shares has been suspended since March 2024 and work has continued to progress on a planned Reverse Take Over with a view to seeking re-admission to trading on AIM.

The 2023 accounts are overdue and have been completed as part of this Reverse Take Over process. Work is underway on the 2024 Annual Report and Accounts. The Company will convene a General Meeting once these are completed and an application is made for re-admission to trading on AIM.

Lansdowne's lawyers commenced discussions with potential third-party litigation funders and these are at an advanced stage.

The LC Capital Master Fund loan, due for repayment on 31 December 2023, was extended to 30 June 2024 and a further extension is expected to be provided upon re-admission to AIM."

All looking promising at last on litigation AND reverse takeover fronts it seems.

Bin

Jimmy, he said the MOU4 flow tests will come after. Watch his last talks. I think the man has a set of priorities which involves monetising. After which the order of things are of far less timeline concern.

It's interesting that CHAR/Anchois was a duster despite comprehensive 3D seismic to map out the prospects. It may just be bad luck but the message is that wildcat drills have as much chance of success without it initially. The drill bit would probably go into a similar spot with a less fancy map. Money could have been better spent on carefully thought out drills with 2D seismic. Anchois with 2D would have wasted a lot less on it's dusters, is what Keith implies. Clearly 2D then stick a few straws down there and go into production with low hanging fruit if you get a hit, is the cheaper initial approach; MOU3 being that hit.

PRD seem to have made lucky headway with the 2D and wouldn't go 3D seismic if it was dust, if not to map out a precise delineation of the whole structure. As long as they produce in parallel, time is not an issue, it doesn't matter if it takes 10 years. PG is pretty open about the delay caused by MOU3 drilling issues, which interestingly was caused by under-pressure when passing through that unexpected shallow seam in aiming for the deeper TD.

....answers my question from 30th May, cheers

I agree with you about PG tincan, some of the longer term holders are a bit jaded and frustrated with him. There's no fixed goal posts unfortunately with exploration and production shares, but I think he is doing best endeavours. Also, when I first bought in, some were suggesting he was too attached to his baby, but he pointed out in response that he is not wedded, he would like to cash in but the company has still to be well managed in the meantime.

Grifiths also stated why there were a hundred people on site, there’s no mystery, it’s the number of contractors that were appointed to be there at the time of mou5.

Placing? Grifiths stated that the workflow for the next 12 months is very specific and fully funded out of existing cash flow, not dependant on revenues for Trinidad or other sources.

Expecting soon therefore, to hear they get the mou3 perforated and activate an exploitation concession for the shallow gas as a CNG development. PG said he had a big backer lined up for that. Let’s see what happens then.

Https://youtu.be/qWv_LnX1EqM?si=sponmJstnU1-EORQ

I just watched this. It’s the pre-mou5 interview. I am of the same opinion that the price is held back when market makers want to get in on a cheap placing, and also it suits them to work the spread, a spread of 10% is more likely the lower the price so there’s more play. I wonder if PG will take the FCA to task, or whether it’s a bridge too far. I felt the most important thing to re-iterate is the need for monetisation, from TT initially. He did mention the end of June when he expects to see a re-rating, so it will be interesting to see what transpires. As far as the Kingdom keeping a lid on things, I think it is true as far as the details of the asset, but not as far as share price management goes. The market makers are almost certainly putting their minions to work on the bulletin boards to help their trades. No use any of them talking to me though, they won’t get an answer even if they abuse me, most of them are boxed by now anyway.

I am sure there are many factors that affect the concentration of Helium. Presumably for the medium that moves it, we want to see CO2, CH4 and ground water in the mix, not N2 or H2. And we wouldn't hang around for HE in the case of the gas being the latter mix (?!)

When they run a sample through the chromatograph, will the ppm value be for the gases alone, not the mud or any of it's constituents?

Also, can you make an assumption that this concentration increases the deeper you go, so that a sample taken at depth y1 can be extrapolated to a higher value deeper towards the source (y2), and vary according to what it picks up or sheds on the way up?

Cheers

If the asset is as it seems, over the lifetime of the license it would be worth billions. I suspect as with Shaikan in Kurdistan, investors in PRD will participate in some of the upside, but perhaps not all. One way or another there will be an upper limit agreed upon. I just hope it doesn't transpire in the same haphazard way that it did in Iraq where the central government called the shots among other strange forces that eventually disassociated private investors from the true upside potential of GKP. Shareholders in GKP at best would have bought shares at 10p for an eventual upside bid of circa 460p. An almost 50 bagger. I was one of them, but I didn't sell at the top, I let it dwindle down to about 150p before I sold out completely. Had fun along the way spending some of the money on expensive trips abroad mind you.

A 50 bag has been mentioned here, up to a conceivable upside of 200x. I doubt we will see such valuation but 50x may not be inconceivable. Who knows, it's really all down to what the Kingdom are prepared to allow. It's all a bonus anyway when there is Ireland in the mix as well.

There won’t be an RNS tomorrow to validate the analysis of the engineer who kindly allowed us to read it. I am sure that is a fact.

By my calculation 1557ppm almost exactly equals 4%, (4.023%)

No wonder they’re excited. And from the google AI overview, “For example, in air, which has a naturally occurring background helium concentration of around 5 ppm, a reading of 1557 ppm would indicate a significant increase in helium concentration, likely due to a specific source or process”

There’s no helium without natural gas. From a negligible proportion up to 4% apparently. I suspect Jimmy is trying to be tricky with people who have little technical scientific or geological knowledge. If they can measure the helium concentration, they can also measure the gas, it goes without saying.

Perhaps the King could chuck a single billion our way, that should cover it. I wonder if he is one of the LSE de-rampers for the 4D timing purposes.

Just a joke (for those without humour)

The 4th dimension of this chess, assuming the 3D part in the ground has been played well, would then be the political decision making which is intangible to the rest of us. Mind you, I am sure the King of Morocco is more concerned with what people in Europe are saying on the LSE bulletin board.

I just noticed this post with thanks to Steelwatch on ADVFN from the 25th April, for shareholders of BEY wondering about the veracity of the promised 5% profit share for those on the register.

"Not looked here for over a year, but see the website is still online, though somewhat out of date. Did spot this though re. highly unlikely 5%:

https://barryroeoffshoreenergy.com/wp-content/uploads/2024/01/240115-Barryroe-Explanatory-Memorandum.pdf "

If on the other hand, he doesn't kick Mb into touch, he will be considered the more imbecilic of the two environmental knotweeds, having had the chance to observe Ryan's folly over the last few years and to allow the same to be repeated here in the UK.