Proselenes on Reddit26 Jun 2023 07:58
So if its good news...whats the target mid term...........?
As has been said many times, PG is no spring chicken anymore and is looking to exit Morocco with a sale this year.
If we take his lowball figure of 150m USD per 40
BCF
MOU-3 is looking to hit anything up to 1TCF of gas.
So from failure worth Op, we can move up to
1000 40 = 25 then times 150m = 3.75 billion
USD)
Divide 3.75 billion USD into lets say shares in issue of 500 million (its actually less than that, but lets assume 500m
= 7.5 USD = 590 pence per share and lets halve
that just to apply a significant discount......so 245p per share is a target that is reasonable. MOU-3 wont prove it all up at once, you need further appraisal drilling, but it really highlights why PRD are a "once in a short lifetime" chance at seeing a real multibagger happen, like KP was from 10p to 450p.......so PRD might be as well.
All we need is for gas in some of those 6 target zones at MOU-3 (on top of the 2 new shallow gas zones already discovered).
For those who say "impossible" ......please remember GKP which went 10p to 450p, or COVE which went 10p to 240p on their offshore discovery.
Fingers crossed we get good news this comnig week, that is the start of what could be a very big move upwards..