Member Info for Footandmouth

Dakad I think you’re spot on. We’re moving into an intense period of value realisation via direct extraction and commercial development. The former is well in hand in TT and the latter will be actuated by the deals we are currently negotiating. I’d be fairly certain that Graham might take more than a passing interest in such matters 😀

GRH. .. .. 'If possible

Grh may like to give us an overall view here ???'

My apologies ...

but my powder is currently as dry

as a dried powder

that has been through a powerful powder drier

#PRD

Simon Harris deputy Irish PM bloviating on Bloomberg this morning regarding the need for European energy independence. Release the wind power reserves !! That should do it .

GRH. .. .. .. Folk might care to examine

The effects of net TT earnings on

ENTERPRISE VALUE

As earnings accrue beyond cost base

Effective Enterprise Value reduces

Unless of course m.cap increases

Thank you Keith once more for your superb contribution. It’s greatly appreciated. The TT profits alone will push up our MC significantly. Might I suggest there may be enough free cash for a windfall dividend or two 😀. I imagine Paul will be focused on rapidly expanding the size of TT before monetisation. In Morocco given its size , he is of course in the process of partnering up , but the TT profits may well alter both pace and direction. Money is choice. Thoroughly good news and well worth a rocket 🚀🚀🚀

Having just checked Sygma I can confirm that the gongs are most certainly rusty !!. Broadly I like to think of this whole thing as an attempt to turn the highly volatile, depreciating asset that is time , into joy . We shall see 😀

Only the buyer can answer that Sygma 😀. FWIW given economic/ geopolitical outlook I think the ideal scenario is removal of all risk to initial investment , ideally with significant capital gain and an ongoing long term return from derisked , inflation proofed vital strategic commodities . If Paul can fashion the deal then I think whatever returns we see over the next year or two will be dwarfed by the long game. Broadly transition PRED into the sort of commodity income play that offers a steady real return with the opportunity for upside surprises. Just the sort of thing many are currently rooting about for !!!!!

Cheers Sygma. £17 Billion potential investment. If we have a 10th of that potential resource and with a 10th of the exploitation and delivery costs, onshore Morocco , what’s it worth ?. Not suggesting £17b . Heaven forfend . Lots of exponential financial torque here tho with only 800m shares. PG said recently a pound would be nice. Surprisingly small amount of resources required to justify such a valuation here. Very positive outlook 👍

Worth a listen to help in assessing investing outlook. https://youtu.be/xcXfcXJvMXg?si=i6ERnyRYoANioxyX

The magic phrase - Force majeure is currently popular !!

Various values posited with partial / complete sale with or without retained interest. We’ll see what’s what fairly soon. Rob notes the instability of the oil price which plays into every aspect of modern life. Great power competition between highly levered participants. East more vulnerable than US to shortages. Do they dump US treasures to buy oil ?. What then happens in the Bond market. Every financial projection especially in UK now irrelevant. A festering sectarian conflict at the world’s energy choke point which has no easy or proximate solution. It will in some form be here for an extended period. Unstable, chaotic and perhaps all our futures. From our own narrow perspective the value and necessity of PREDs potential is greatly increased.

You left the h out of sitting Sygma 😀

GRH. .. .. . Proximate pipelines

Are good😇

Potential investors should be aware that Tit is dealing from the bottom of the deck. Opinion is divided as to whether this stems from social illness or is part of a wider conspiracy to undermine PRD for commercial advantage. 🚩🚩🚩

Some local fuel rationing has begun

Potential investors should be aware that Tit is dealing from the bottom of the deck. Opinion is divided as to whether this stems from social illness or is part of a wider conspiracy to undermine PRD for commercial advantage. 🚩🚩🚩

Market generally looks set to get generally cheaper, PRED looks set to get significantly more expensive. Good for shareholders 🚀

Don’t forget the new ISA season fast approaching. Lovely opportunity for tax free capital gains 👍

The Irish government using public money in court to try and stop an Irish company from helping to alleviate a domestic energy crisis . Good luck with those optics. If they don’t fold then they’ll buy them off. Possibly much earlier than we presently expect.

Lovely lady on Bloomberg this morning repeating the mantra / Energy independence, Energy Security. Having lost the plot in the UK and Ireland hopefully Morocco will show our dullard mismanagement class how it’s done.