The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Nope, not expecting anything from them and if they do communicate who knows what timelines they’ll give and whether they’ll be adhered to anyway.
We can all agree the potential here is significant but with how’s things are run, I’m not sure it’ll even reach it.
Don’t think anyone’s doubting what’s there….
It’s getting it all out…… and hopefully in my lifetime
Mou3 took longer tomtast? Says who?
Who says there are any delays? Testing time 2 weeks but they didn’t say they’d update us in two weeks.
I’m sure they and others. Want to get the wording exactly right in the next RNS. Just chill.
We love a Thursday RNS
Special dividend in April? Which year?
Personally Think that’s hugely optimistic
There is no ‘on or before’
Phase 1 is planned to commence before 25 January 2024 and is expected to take up to 14 days to complete.
The unforeseen regulatory issue relating to Guercif Petroleum Agreement Amendment No.3 has now been successfully resolved.
As I say, personally doesn’t bother me but I can see why some are annoyed at lack of update and won’t judge them for it.
If we were being technical the RNS states before the 25th, so testing should have started by now so by on the 25th it would have been nice to get an RNs confirming.
I’m LTH so not overly bothered but I can completely understand peoples frustrations due to previous delays and bad comms.
For what it’s worth I’ve emailed.
Although I’ve never had a response to any previously. Despite shareholders being so important to PG and him understanding our frustrations.
Yet again another RNS that poses more questions than answers?
If the admin error was in 8th November why’s it taken 3 weeks to tell us? Are we not selling at the well head now? CNG trucks? Trinidad now seems to be main focus despite us sat on possible TCF in Morocco..
I honestly can’t believe how often plans/deadlines have changed in the past 6 months and it appears they’re not held to account over any of it.
Raising 10m for testing yet have zilch to show for it.
Patience is wearing extremely thin now.
Am I Missing something ? Paul specifically says we are fortunate that we are fully Funded throughout the RNS’s.
Based on what Ibiza?
I agree, I’m trying to remain positive but they aren’t making it easy…
Yea it may come Good and yes patience is needed but Paul and Lonny have absolutely killed any momentum here….
As GRH2 didn’t tag #PRD would suggest the tweets nothing to do with predator.
No RNS tomorrow either by looks of the SP.
Nearly Another week goes by with no update on testing or agreements… disappointing but patience needed
Apart from missed deadline after missed deadline, raising funds 3 times for testing and not delivering, what have they done to inspire such confidence in them? I thought Lonny was brought in to try to steady the ship but even he can’t manage Paul’s constant 180’s!!
Re testing
I can’t see how obtaining flow rates can be anything other than positive, if good flow rates then even bigger boys would arrive.
Again forgive me if I’m wrong but I read earlier that re BOPD in Trinidad it would generate 1m a year for pred?
Surely that’s a drop in the ocean if we have in Morrocco what we’re being told we’ve got? Numbers of between £5 and £22billion net worth were quoted in this very board over the weekend.
Seems like a complete waste of time and effort with unrealistic timelines of 2024 also being given
We’ll still be waiting for testing in Morocco by then.
Unfortunately it appears the BOD don’t give two hoots about PI’s. I don’t want another interview by Paul, it would be car crash, I want him to do a Q&A with investors
Tonight hopefully
Whilst continuing to take a £250k a year salary
Can we expect a TR1 in respect of these added shares?
Must be up there now. Forgive me if there’s already been one I’ve missed.
So why Prd didn’t go to the oil and gas summit ?
Paul’s was too busy due prepping the next test ? Next? Where’s the first?
Cattleman with all due respect PG has said a lot and not delivered, forgive me if my confidence in his words is lacking