Member Info for dickienicholls

Apologies oilbarron.

I think i may have just written up pretty much what you have suggested

Basically, the way I see it if they’ve held off on issuing RSUs, it probably means the farm-out has moved into a pretty serious phase and whatever they’re sitting on is clearly price-sensitive.

Under UK MAR, they can’t be taking equity while they’ve got inside information (unless it’s all pre-structured and locked in), so the safest move is just to wait.

So instead of issuing shares now — when the price might still be low — they’re holding off.

To me, that suggests management think there’s a genuine chance of something landing that could move the valuation.

Just my opinion so please advise of any different view you may have.

GL

Ahh i see.

Thanks CT

Good morning Crude Trader.

If you could expand on the term ‘bought piece of research’ i would be grateful.

Reading the most recent article. Oak securities are strong in emphasising a full success case. I must be missing something I presume.

GL

Has gone very quite recently. Perhaps extinct even!

Hello Lee

a few pull backs granted but the general road of travel would appear upwards from the raise earlier in the year and a small boost from when LS topped the parapet.

There is an air of anticipation that is unsettling. I Want news! And becoming inpatient for it im afraId

GL

I have been the champion for patience with panr but i cannot help becoming a little bit inpatient when considering what may be going on behind closed doors. The sp is slowly creeping up for sure but would love to be a fly on the wall in the hopefully very busy data room

GL

‘ i spoke to a friend who works in the city desk of the telegraph who sets me straight ‘

A couple of years ago i spoke to a very nice chap in Morocco and he said go big and go long on PRD. Its going to blow the bloody doors off.

When you know you know!

‘Good morning as I am off to church’

Take Potty with you.

If ever there was a lost soul that needed a saviour.

…..or some random bloke in the city 😆

I would show a little caution if i were you Ketspliff.

Boldy invested big time in Char because of ‘some information he heard in the city’ hes now packing luncheon meat for the very same people

Fantastic information being written up today. Thanks to all the contributors. Now if you could turn that into 50ps before year end then happy days.

Managed to secure just shy of 4m shares thanks to BP & Panr.

GL

Potty. Your mate James has the very same investment strategy as you!

Hope youve got your satchel of deliveroo tips ready.

You wouldn’t want to miss out on 6 years of scootering for nothing.

RE: Blue soon10 Apr 2026 16:31

Not sure of a 4.31 RNS bought a few more this week as a trade figuring it will be pumped in the run up to PG deadline. Just a few hundred thousand though.

Oily.

Crass fellah very Crass.

Think it may be an April the 10th joke?

Bricks.

Ahhh, my understanding from past experiences and happy to be corrected if correct?

But in very basic terms, a small company finds oil but doesn’t have the cash to actually get it out of the ground. Then a bigger company comes in (invited) and says, “we’ll cover the costs to develop it,” and in return they get a share of the project. After that, they both split whatever money the oil makes.

I think it has fellah but for how long i am uncertain we have however been told that there has been plenty of interest. I think thats what LS said but the process end to end can take a good few months!

Hopefully what i wrote makes a little sense my apologies if it doesn’t.

Just my thoughts as we may have to be patient for a period.

If you’re talking about a farm-in with someone like Repsol for example, it’s not a quick process it usually takes a good few months end to end.

Once the data room opens, they’ll typically spend a couple of months (say 6–12 weeks) going through everything properly. seismic, wells, models, all that while also having a few back-and-forths with the team to clarify things.

If they like what they see, they’ll put in a non-binding offer not long after that. Then you’re into negotiations, which can take another month or two sorting out things like equity, who pays for what, operatorship, etc. After that, there’s the legal side and internal approvals, which can drag on a bit as well.

All in, if things move well you might get it done in 4–5 months, but realistically it’s more like 6–9 months, sometimes longer if it gets complicated.

Nice Lancy. A nice reminder of the potential.

Some strong facts in that write up!

GL

Six long years living in the shade of Boldy. AV and windytits (jimmy really) you really have been desperate for your day in the sun. Well i applaud your effort fellah you have been absolutely monumental today a real strong shift on very little sleep.

We go again tomorrow so try and get those deliveries done early.

GL