Member Info for CReas

To many things are lining up and appear to be falling into place. I know it’s been a very long time and so frustrating for most but I truly believe we are on the cusp of some major progress and inevitably a major upside. (My opinion, I am not a financial advisor)

This war in Iran as horrible as it is and I still can’t believe things like this happen, should the oil prices go up can only benefit us and the share price. Hopefully it doesn’t but if it drags into Q3 when we potentially start producing from SC-3, crazy plus for the share price unfortunately under horrible circumstances.

This will be the year things really start moving. As soon as a farm out company is announced for Morocco and we start flowing SC-3 it can only go one way.

Everyone should do there own research and make there own minds up and decide if this risk is worth it, but I all in on this one!

My buy for 11.5k earlier is showing as a sell. This isn’t the 1st time this has happened. I wonder how many other buys are showing as a sells. Seems a bit suspect but don’t understand how this can keep happening on such a common platform that provides all the information.

Frustrating as normally more buys will gradually increase SP right? Gives off bad vibes seeing sells when they are not. Needs to stop!

Do we think that they will inform us of who they are farming out to? For me, that's when the SP is going to multiply. Depending on the company and history / size, will determine by how much the SP could jump. I'm certain PG did mention previously they were in on going negotiations with a farm out company but wouldn't tell us who at the time (assuming until they had done a deal etc..) and would be published in due course.

The ITR will confirm volumes and how likely it will be to commercialize but the farm out agreement will give it all much more clout.

IMO

Is there a timeline for when this licence will be granted and announced?

DT - much appreciated. All seems very positive, worth a punt I’d say 👍🏻

I have stumbled upon this just now and invested in some shares. Research tells me this is very volatile and risky AF but there’s a lot of hype circulating. I understand that everything is hoping for a licence grant? Can anyone fill me in on what else we are looking at here?

Should we be looking at an investment into Sound Energy? 🧐

My opinion but it’s hard for me to believe that the imminent release of that ITR won’t prove the volume of resources in the ground, with that in mind it’s hard to believe that PRD wont get a farm out agreement in place, depending on the size of that farm out company and its history, it’s hard to believe that they won’t commercialise and get the resources flowing. That alone will multiply the share price, by how much we won’t know until it happens. Of course, there is every chance that none of this will be achieved but it’s my opinion that it is more likely to happen.

Forgetting Morocco, I believe that TT alone will be successful. Not so much the way they have gone about it now but the placing to raise the funds recently to go at SC3 alone with its huge potential it game changing in its own right. Again it’s hard for me to believe that they won’t be able to achieve this on their own as they already know everything they need to know about making it work by everything if they have made work so far.

I believe that buying at this price is a no brainer and I’m heavily invested because it believe in it.

Others have their own opinion and may rightfully object but I just don’t see it not coming good and I feel like it will be this year we will see a substantial change for the better.

Ireland I have no belief in at all but as it stands it’s not making or breaking this company. If anything there is a slim chance something will come of it but think of it as a bonus if it does and if it doesn’t then so what right?

You lot drain the life out of this chat system. Can’t someone create a discord channel so that we can have more control over who can and cannot participate in actual chat relating to the company / operations and the investment success / risk probability etc. I don’t mind negative opinions backed up with realistic reasoning/ factual evidence but the majority of chat is utter rubbish and a constant slagging match.

Maybe a bit premature but, anyone have any ideas / opinions on who PRD may farm out to? I know it will depend on the proven volume but I believe they maybe already in negotiations with a company?

Chariot seems to pop up as a most likely candidate from my own research.

Thoughts?

Thanks Keith, much appreciated. I think I may have been jumping the gun and getting a bit too excited too soon. This clarifies that more patience is required. However, hard to ignore the fact that these ITR’s will indeed give light on volumes of resource which if substantial means positive news and therefore a farm out would also be inevitable which also means a multiplier assuming they get the resources to flow.

Very exciting times ahead IMO and hopefully not to far away.

Please can someone confirm, to my understanding, an ITR is due any moment for Morocco, this report will prove volume of resources. If substantially more, (from what PG has stated), from what I’m researching, this could revalue the company almost immediately and could all be within day / weeks???

Please can someone confirm, to my understanding, an ITR is due any moment for Morocco, this report will prove volume of resources. If substantially more, (from what PG has stated), from what I’m researching, this could revalue the company almost immediately and could all be within day / weeks???

How can you tell what’s a buy and what’s a sell when it’s unknown? Especially the big trades..

Well, in that case and if the ITR proves substantially more than expected, it’s going to really put us in a strong position, I just can’t see how the share price won’t double, then a farm out / partnership along with commercialisation depending on the volume of resources we could be looking at 10-18p (my opinion) as long as it all comes together. I have a really good feeling about the future of PRD.

I’m a firm believer in PRD, I’m assuming that the next big step forward is the anticipated release of the ITR and what it will mean for Morocco progress, however, isn’t there a chance that the ITR may come back with a lot less than we are all expecting / hoping for?

Trade made at 08:01 - showing as a sell for 150k shares is incorrect. That was me but I bought 150k shares. How has it got it so wrong? Not that it will make much difference but it has annoyed me.

Just FYI