Member Info for donalb

Mostly agreed Keith, but they should call himself TT-T Flagstaff straight off, so all know who is speaking !!!

Otherwise they are totally untrustworthy postings, no worse than what we accuse some Char supporters of doing on here.

Have you read the Lonny posts, I have, vague or fake news at best & I have now copied the 450 odd posts over the last 5 years.

PS - I just got hit on the RKH Ombrina Mare "annulment" loss case, because one of the 3 adjudicators did not initially declare, a condemnation in Italy 30 yrs earlier, that was subsequently overturned, but added sufficient doubt to overturn the original 290€M judgement.

I would not want any similar Flagstaff fake accounts to hurt the the PRD share holders. Fire all the fakes asap.

Q. Is it illegal for a company's Strategic and Investor Communications office to post annomously on its own share's chat boards ?

A. It can be legally risky and potentially unlawful, depending on what’s being posted and the jurisdiction. Let’s unpack it 🔍:

⚖️ Legal Considerations (UK & EU Context)

Market Abuse Regulation (MAR): In the EU (and UK post-Brexit), MAR prohibits market manipulation, which includes misleading or deceptive behavior on forums—even if anonymous.

If a Strategic and Investor Communications officer posts investment recommendations or promotional content without proper disclosure, it could violate MAR.

Transparency is key: MAR requires clear identification of the person making investment recommendations, disclosure of conflicts of interest, and objective presentation of facts.

🚨 High-Risk Scenarios

Pump-and-dump tactics: Anonymous posts that hype the stock to inflate prices and then sell—classic manipulation.

Selective disclosure: Sharing material non-public information (MNPI) anonymously is insider trading.

False or misleading statements: Even if well-intentioned, they can trigger liability under securities laws.

🧭 Ethical & Reputational Impact

Even if not strictly illegal, it’s ethically questionable and could damage investor trust.

If discovered, it may lead to regulatory scrutiny, reputational fallout, and internal disciplinary action.

✅ Best Practice

Communications officers should never post anonymously on share chat boards about their own company.

All investor communications should be transparent, traceable, and compliant with disclosure rules.

Want to explore how companies have been penalized for similar behavior or what kind of disclosures are required when posting investment commentary online?

Tim, had you & others spent an extra 10 minutes fact checking the erroneous RNS or gave a very simple reply to those that asked about it, or a minor RNS correction, you would have saved many of us all the stress & confusion about what was really happening. It has been a very long & winding road for most shareholders & when the confusion is caused by our own, you should better appreciate the upset & confusion caused.

GLA, donalb

Evening TT-T, you may well be right & I have little knowledge on the subject, but here is what Co-Pilot says:

Q. If a UK company has an AGM limit as to how many new shares it can issue, does that also apply as to how many warrants it can issue ?

A. In the UK, the authority granted at an AGM to issue new shares typically does not automatically extend to warrants, unless the resolution or company’s articles explicitly include them.

Here’s how it breaks down:

🧾 AGM Share Issuance Limits

Under Section 551 of the Companies Act 2006, directors need shareholder approval to allot new shares.

This authority must specify the maximum nominal value of shares and the duration (usually up to 5 years).

Shareholders often pass a special resolution to disapply pre-emption rights, allowing shares to be issued without offering them first to existing shareholders2.

🎯 What About Warrants?

Warrants are considered equity securities under Section 560 of the Act, because they give the right to subscribe for or convert into ordinary shares.

Therefore, issuing warrants does require authority under Section 551, just like issuing shares.

If the AGM resolution only mentions shares, it may not cover warrants unless the wording is broad enough to include “equity securities” or “rights to subscribe.”

✅ Best Practice

Companies should explicitly include warrants in the AGM resolutions if they intend to issue them.

Alternatively, they can seek separate shareholder approval for warrant issuance.

Would you like help drafting a sample resolution that includes both shares and warrants? Or want to explore how this plays out in real-world company filings?

Sygmaa, you are missing 3 zeros, 1.6 T not 1.6 B :-)

Maybe a great strategy or maybe an error, if its a poison pill, it would have to be PG & friends, that bought the 20 million share raise @ 5 p.

Evening highlandmatt, I too sent my "RNS error" "1.6 trillion warrants @ 5p " posting to Flagstaff's Tim Thompson asking for clarification, shortly after posting it on here & I too have had zero response.

Quite confused as to why it was not corrected or explained today !!!

Was it a simple error, or does it continue to be a legal RNS, with 1.6 Trillion warrants at @5p.

As was mentioned, is it a poison pill or is it a mechanism for a subtle voting takeover ???

Simple shareholders can not possibly know which, but I do record all my post, in case of any future court cases :-)

Muchaboutmoney, you should have a friend film the moment :-) I am at a similar return to yourself, but on a much more modest scale & only entered as an OM award carpet-bagger, then subsequently learned more & slowly averaged down. It would seem to me, that some of the long timers here, should not forget that there are many "somewhat newer & possibly younger" investors here too & for one, I would be happy to have 30 yrs of nice dividends ahead.

GLA, donalb

Another very interesting article yesterday by lareleve.ma who often cover PRD. Discusses Mou-3 A sands tests a CNG monetisation, future 3D seismic plans & even mentions connections to Nador LNG terminal & PRD's Irish LNG floating storage strategy !!!

https://lareleve.ma/161002/

July 21, 2025, marks a strategic turning point for Morocco with the launch of natural gas extraction test operations in the Guercif region.

For ten days, a British company specializing in energy exploration is conducting tests on the sandy "A" reservoir, identified as rich in biogenic gas, a clean, renewable, and rapidly exploitable energy source.

This operation relies on innovative techniques, allowing tests to be carried out without a conventional drilling rig, significantly reducing costs while accelerating completion times.

The MOU-3 well, drilled in close proximity to the Maghreb-Europe (GME) pipeline, is part of a vision of direct commercialization via compressed natural gas (CNG), with strong expectations for rapid profitability and the mobilization of investments in local infrastructure.

The results obtained will confirm the site's commercial value and plan for accelerated monetization.

At the same time, the geophysical studies launched under the Guercif permit also pave the way for the exploitation of helium pockets, a strategic gas with high added value.

Furthermore, participation is being considered in the Nador West Med gas terminal project, with the possibility of adapting the floating terminal model developed in Ireland, thus strengthening Morocco's energy sovereignty.

This project positions the Kingdom as a key player in the regional energy transition, while attracting cutting-edge technological investments. This is a clear demonstration that Morocco's subsoil can become a source of sustainable wealth serving the nation.

This video has been knocking about for at least 1-2 years, getting updated slightly on every big Guercif gas news cycle, it has images from Mou 1 to Mou 4 & I do believe its an AI visual output & synopsis from all the recent Moroccan news articles & includes SDX imagery, plus others.

Of more interest, is the comments section, I can only read the French ones, but generally quite negative posts, heard it all before, dragging on 30+ years & Talsint, etc. A few are positive, with some praising the King & Morocco.

Shenandoah field down to just 3 on site ships, the Deepwater Atlas drill ship, the Skandi Skansen Offshore Supply/Tugship alongside the FPS as normal & the MS Charlotte Offshore Supply/Tugship doing the regular tie backs on & all around the FPS. Plus the Big P passenger ship just cruised in from Port Fourchon, so crew changes on Fri & Tue ?? or more. We also seem to have lots of ship interactivity with the Noble Blackrhino drill ship, 32 NM ENE of our FPS, maybe some shared services.

https://www.vesselfinder.com/fr/?imo=9735268

https://www.vesselfinder.com/fr/?imo=9735268

Additionally, SV101 is cold stacked on MOU-5, handy if we get a nice cash injection on MOU-3 A-sands testing success & decide to take another poke at MOU-2 &/or other well !!!

Also from Hespreee, today's testing news & more general PRD plans article.

https://fr-hespress-com.translate.goog/434341-gaz-et-helium-a-guercif-predator-passe-aux-tests-sur-mou-3.html?_x_tr_sl=fr&_x_tr_tl=en&_x_tr_hl=fr&_x_tr_pto=wapp

Quite positive article this time, again from Medias2, using this mornings Flagstaff emailed photo & news of fund raise.

All sounds positive for future plans for CNG development & other well tests & next license extension.

https://medias24-com.translate.goog/2025/07/21/gaz-naturel-predator-oil-gas-entame-les-tests-sur-le-puits-mou-3-province-de-guercif/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=fr&_x_tr_pto=wapp

Behind paywall, will dig for other sources. If only there were some licensed gas fields around the near empty Corrib infrastructure !!!

https://www.businesspost.ie/esg-energy/irish-economy-could-lose-e64-billion-if-attack-to-uk-gas-pipeline-disrupts-energy-supply/

My guess Makeabundle, is that the warrant section was a bad copy paste from another company's RNS & we might get the worse news of 20 million warrants !!! Also, maybe the 5yrs to exercise, allows certain "persons" to hide their reportable holdings for a valuable extra 5 yrs !!!

PS - glad I wasn't foolish enough to sell on Fridays low of 5.2, we are already back to 5.49. Blue finish - a la HP Bob :-)

Funny Makeabundle & Unwin, if its not a typo, we might be in for an £80 billion cash raise :-)))

"Warrants"

"1,600,000 million warrants are being issued exercisable at 5p. The Warrants have an expiry date of five years from the date of Admission."

Surely the word million should not be included ???

Otherwise its 1,600,000,000,000 warrants :-) or 1.6 Trillion warrants

I called well on the SLB truck & Dakad, SLB use intervention, must be industry jargon.

https://www.slb.com/products-and-services/innovating-in-oil-and-gas/well-intervention/wireline-well-intervention/wireline-perforating

https://www.slb.com/products-and-services/innovating-in-oil-and-gas/well-intervention/wireline-well-intervention

Plus from latest photo, the coiled tubing unit base, looks like its being prepared to be lifted onto the christmas tree, its surrounding scaffolding is visible from behind the crane.

“Early morning assembly of services as I look out of the office door – preparations going smoothly and on schedule”

And I expect it a Schlumberger Truck on the LHS, maybe with detonators ???