Member Info for Footandmouth

Consider the extraordinary world events pushing both Morocco and Ireland into contention. PG was positioned years before this of course. Lucky. ? :))

Yep...

gaining the advantage
and gaining it early

Is key

Folk shouted me down when buying bulk at 1.5p

A FAR better buy today than back then

Funny old World

#PRD. GRH.

Company estimates: 50mmscfd
At $16 per mcf, that's $800,000 worth of flowing gas per day.
$600,000 Net to PRD (After partner ONHYM
25%)
$219M Gross to PRD per Annum.
$159M Net profit per annum to PRD after cOsts.
Recent presentation:
135BCF via CNG is worth= £2.67 per share
EMV net un-discounted revenues $1.317B . M

In the high success case for gas, the options change

(Not allowed enough characters on here to go through them)

IMO

The gas is there ...in sought after volume

The column will surprise...
as might the nett/gross ratio at MOU2

The oil will surprise many

It then sells ...lock, stock and two smoking barrels

Whilst retaining a carried equity interest

Carried?

I have met some blokes
who will be PI propelled the length of Gresham Street

No...we are not there yet

But we are close

Most will miss out

Their problem, not mine

Yes
I could be wrong this time
15% chance I reckon

But it really is why I am here

Not like some on LSE

no disgusting posts and agendas
no false posting

Just experience and raw enthusiasm for the assets
And for the exceptional people managing the entire process

“ Imagine ...

1...
You own a small part of a tiny outfit
that proves up one of THE defining gas
finds of this century

2...
It uses some of its then free cash flow to prove up
a very large oil discovery

Both on land
with very low capital and taxation costs “

We’ll have to take what we’re given jimmy. I would be happy enough with 50 between the two as a start :)).

Jimmy that for me is the ‘magic sauce’. No debt and maximum retained field equity. Whilst reaching for a massively ambitious target they have positioned in Morocco so that even a very modest initial success rewards handsomely. It’s disciplined and very clever. They have kept their feet on the ground. Throw in the early monetisation through corporate activity regardless of share price and it’s easy to forget the Ireland and TT strands.

Carson Block's @muddywatersre has taken out its first UK short in 3 years (since NMC): in Pantheon Resources, the AIM-listed Alaskan oil explorer. He's also presenting at the Sohn conference in London on Wednesday . - - - - - May be of interest to some who post here.

Ian Cassel - - - “ Small public companies are first discovered by smart retail, then by small institutions, then by large institutions, and then finally by dumb retail “

GRH on Twitter. “ From memory...

I think Lonny has drilled 21 wells

Moyra Scott is our drilling manager...again!

And the team working on the perfs calcs etc are... shall we say...of enormous repute

This outfit may be micro

but it's enormously professional

#PRD. “

“ Gas sales and CNG financing agreements triggered by release of test results “. First in line presumably local champions with deep connections . Our competitors seem to have poor inconsistent resource with the usual financial penalties or lengthy and very expensive paths to production. Good luck to them. I like the simplicity and agency of PRED. Incredibly focused and tightly run. Pole position if we can execute. As good as it gets at this stage

Same gut feeling colon :)). With what we now know how is it possible that this share can still be bought for under 10p. ? ?

“ Options issued on 9 November 2022 to Paul Griffiths and Lonny Baumgardner are exercisable at 10.0 pence per share and will vest after 6 months or upon the release of a Company RNS with the MOU-2 test results - whichever occurs first. “. - - - -

The Wackmeister. - - - - “ So, If the Mou2 drill proves up the CPR of 708BCF

Maths would suggest.
708BCF divide by 135BCF = 5.24 X £2.67

= @ £14.00 per Share.

Market thinks it can jump in at the last minute.
Oops. “. Sweet dreams .

“ Gas sales and CNG financing agreements triggered by release of test results “. Ducks in a row. Is this the point prior to final signing when a purchaser makes a bid for the whole , before PRD commit. ??

“. If this were the case the Company would not hesitate to initiate a corporate transaction to monetise shareholder value. “. Brisk !!!

Wacky’s had a bash :)). “ Here is the flaw in the Markets plan.
They think, they will be able to jump on board on good news.
Oh Dear, as In Jim "Bully" Bowens words,
"Look at what you could have won"

400,000 shares @.07p could return > £1m @£2.67

Wakey Wakey Market.

AIMHO of course. “

GRH on Twitter. “ Has anybody studied the free cashflow that
MOU1 and MOU2 could generate in a reasonable success case?

Consider what such FCF could deliver in terms of additional drilling and dividends...
both special dividends(capital distributions) and annual...

Really! “