Member Info for Footandmouth

A previous Poet Laureates sentiments regarding Slough spring to mind 😀

Keith- Even from the air Mordor is easy to identify 🧌

grh. .. .. .. trolls = totally ****ed

Dr Wright is impressively credentialed, mainstream and well adjusted. Hence your confusion Tit. You can be further reassured that he was selected by someone with first rate academic qualifications refined over decades of field work and broad highly successful commercial activity. As a shareholder you will know his name. Talent recognises talent 🚀

GRH. .. .. . When structuring M&A

I mostly used

IRREVOCABLE

Letters of Undertaking

You're welcome

#PRD

Early start for our ‘ concerned investors’. No Jam rather like our current PM you’re a slippery waster 😀

Lovely afternoon playing golf at the seaside then catching up with the BB and the blizzard of distracting propaganda. The ever unpleasant Gudn says to a valued contributor “ It is unreasonable if you are unable to take a balanced approach and only call out negative posts, I note you have avoided both questions repeated below “. Usual MO is chasing folks around the board like a demented goose. Take a wander through their posting history. If there is one positive post I couldn’t see it. A number of completely baseless accusations directed towards the integrity of others including Keith can be found. This is not constructive criticism by a genuine investor. Crank , loon or fraud ? . Take your pick. No one wants an echo chamber. We are all to varying degrees limited in information and interpretive ability but the level of deliberate distraction and harassment is quite something.

Drilling Snowcap-3 is our immediate priority. A rare opportunity in an unappraised proven oil accumulation where success can transform the market capitalisation of the Company overnight based on historical public market analysis & reaction. Notwithstanding that potential eventuality, the surge of possible production & early sales revenues at a time of higher oil prices, combined with efficient application of tax losses, may materially increase #PRD’s cash reserves going forward. #PRD unusually has no debt or interest payments to make.

 

It took 55yrs for Rochard-1 oil discovery to be successfully appraised, but not at all prospective deeper levels due to mis-interpreted geology. After another 15yrs now is the time to demonstrate once & for all what was missed

GRH. .. .. Been saying for years:

Geo political implications of

#PRD Guercif

🍔OFF THE SCALE🍔

OK...here are caveats

👉DYOR X 1000

👉Most not met me

👉Caveat Emptor

LUKE GROMEN . . https://x.com/lukegromen/status/2044511463977480218?s=46&t=wJZHwkDZHnBEZIYHYl6mMQ You can observe the breakdown in self censorship by the European leadership towards trump. They can see what is incoming as a result of Iran situation. Not at all good. From our perspective we are fortunate to be invested in a growing producer of key commodities which also do well in a higher inflationary environment. Retained interest would be additional potential insurance.

What worries me is not the headlines. I mean, oil headline is above $100, $110. Realistically, if you are now trying to get oil from the Middle East, you may be paying $140, $150.

Realistically, if you try to get oil from the Red Sea, you are paying more than $30, $40 for shipping.

Insurance costs, which used to be 25 basis points, is more like 5%, and war insurance has been scrapped - you're paying 5% without even the war insurance component.

So the barrel of oil door to door or the barrel of refined oil door to door is way above the headline price of oil. The highest I've seen, and I'm hoping we don't see more of that, but the highest I've seen is $286 for a barrel of oil that reached Sri Lanka. This is not a country and an economy that can easily afford these kind of prices sustainably.

I think oil will fluctuate significantly but will be higher for longer than $60 . The Iranian regime and others have a whole new pressure point. Any lowering of the oil price will be offset by our geographic premium imo. Hopefully Paul will make it count

Great stuff Rob 👍. The P/E can be volatile but has been sustained at 13 for extended periods. We’ve already had purchase offer from local folks as Paul mentioned. Worth more to them you’d always imagine. BTW can we now bin the trope that every RNS kills the share price 😎

A touch of racism there Anti . You are the complete package. Odious

He’s confirmed that the well will be going ahead and that there is at the very least a strong understanding that someone else will be paying for it. There are a number of scenarios where that could happen. All are of varying degrees, encouraging and some are dream time for investors. Rambo points to ADNOC who have vast funds to be deployed in Morocco in areas directly relevant to PREDs offering. It’s also been fairly stated that just 1% of the intended investment would represent £1.32 for each of our shares. 1% !!!. They will waste more than that imo. There may of course be opportunities more advanced, of greater political value and closer to distribution networks in country than we are . Perhaps a list of them ?. Get real. 😀. If it’s not ADNOC it will be their competitors. If it’s not in 2 months it will be in 8. If it’s not one big deal it will be staged. No debt so we’re in charge. All investors need to do is sit back and count the money flowing from TT and let Paul complete his life’s work.

GRH. .. .. . BTW...

Some folk may recall the shallow 'sand lens'

🌟Well...it REALLY wasn't... was it🌟

This is becoming hilarious😋

GRH. .. .. . 'possible future deepening of a well to underlying objectives'

⭐That is no throwaway comment⭐

Some folk may care to recall

My analysis re MOU2

(The dwarves may not )

The upside ((for the next man)) =

Off the scale

#PRD

Noc Noc 😀

No release of revised, upgraded Morocco figures . Best part of this RNS is what isn’t in it !!!!!. BTW if you’re average buy in price is high teens or 20p you’ve just been made whole . Enjoy 😀

Sorry Tincan I don’t correspond directly with Graham . I’d imagine he reads the better parts of fellow investors posts and should he respond on X I’ll repost anything relevant if I catch it . 👍