Member Info for FORD707

Sienna,

I’m not saying £10 per share for the oil and gas. I’m merely saying what I’d expect prd to get on a hypothetical amount of oil. I don’t think anyone can argue with GRH’s Michael Caine post valuing the hypothetical amount of gas on a success basis. I’m not here for the share price, I’m here for a part or full sale of gurceif paying out dividends, I hope for myself and other decent shareholders and of course the prd team.

Just to add I don’t believe we would sell out the entire acreage as I believe Pg has the intention of retaining some equity.

Hi all,

Some interesting posts today. Whilst my wife is watching a recorded bake off I thought I’d add an opinion. I think the cost per barrel would be at least in the region of $10-$15 per barrel in the ground. Based upon cost of delivering the oil due to not a lot of infrastructure needed compared to say Alaska where you would probably near $5 per barrel. Just my opinion on that due to a sale I know of by oilsearch a few years ago in Alaska. Most big companies look for around a 40% profit margin I believe. Based on an average of say $60 per barrel, $15 dollars per barrel to the owner of the lease and say $10 dollars per barrel to get it out of the ground and adding in some risk of recoverable % of oip. I don’t think those numbers are pie in the sky numbers. Let’s say we have 2-3 billion barrels of oil in place (pure guess) and we could hope for around 20-30% recoverable, let’s go with 600 million barrels recoverable = 6 billion. Let’s say for ease 400 million shares, what’s that £15 per share let’s say 50% for prd, £7.50p per share. Add in an uplifted Michael Caine for the gas it really is fairytale stuff. The most exciting thing about all of this is the fact we don’t have long to wait to find out. In or out is the question.

Probably not Jimmy. However, it doesn’t cost a great deal to drill where we are compared to others. If all the share options get taken up we could be close. I strongly suspect we will have funding from elsewhere as apposed to a placing. Pg mentioned drilling a third well (the oil well mou 3) within 6 months at the meeting last month or so.

I think that was off shore and plenty going on around them. It stopped early probably because it was a duster. Glad I didn’t go too heavy, was supposed to be a home run. Of course nothing is when you’re drilling.

*Anything can be ruled out

My take on it is that it is ready to go as soon as all the equipment is there and rig is prepared. One or two have mentioned the oil on here in the past. The first time I heard pg mention oil was at the presentation I attended. He seemed a bit sheepish about it as he didn’t want to raise expectations. Reading this today I think we have people in the background ready for gas sale agreements and on a success case of mou 1 and 2 this would easily fund the oil well as we might now call it. It seemed to me that pg mentioned that someone else may drill for the oil, again mentioned at the presentation. I don’t think anything can rules out other than we’re drilling, testing and preparing for a third well, great stuff. Hold your nerve time may soon be upon us, imo.

Perhaps there is an amendment to the permit, I.e a slight change in position of the site. Perhaps construction of the well pad doesn’t need to be rns’ed, this does cost money. Perhaps we have added another site for a third drill and it’s being dealt with at the same time. Perhaps they have had some people go down with covid (used loosely). Anything that is deemed price sensitive they will tell us. However, given people haven’t acknowledged and understood the information they have already given us I’m not sure any further info would be understood anyway. PAY tiently waiting for our awesome asset and leaders of this company to deliver to the best of their ability.

When is he going to understand that demand for the economy and demand for the people far out ways the climate change/emissions policies, the guy is on cloud nine.

Sounds like a lovely day matey.

Lol, morning Bob

Nobody has invested more time and effort than PG! Say what you like about time scales etc, not bothered. I’m bothered about the story, what is there, how this has come about and who is involved!

All that matters is what is there. I’ve said before this isn’t a one trick pony, got shouted down. However, Pg mentions exactly that in his presentation that I attended. Let’s not forget Ireland either!

Exactly, people have no idea what has been going on. All these people are portraying is their intention to sell up on a rise. This will not hit full potential this year and I’ll be waiting for it to do so. Normally I’d be selling a chunk before results, not this drill!

Hi Keith,
In the hope of relieving some of your boredom for 30 seconds. I asked at the presentation about the 25% and the reply was we have plenty so not worried about that. As you say we will here at some point regarding that. In terms of sweet spots etc I think they have a lot to understand with their findings from mou 1. First drill in however long perhaps some caution may be required with this follow up? I don’t know a lot about the drilling but would we want to tactically drill in such a spot that we gather more understanding? We have several well heads, just out load and something to ponder perhaps, perhaps not.

I may of mentioned it on Twitter last week as apposed to on here that there would be a timely buy at the end of the week.

Multiple well heads and multiple areas to hit, good stuff! Seeing the white of peoples eyes and emotions when talking said a lot to me. Let them do their thing, getting close now.

Hi Mick,
Some will look for a negative spin and some will see the positive. Fwiw, I’m on the positive side and I’d still buy this share even if we were at 20p. I’ve got a lot on today so I’ll check in later on.

P.s Glad to see are new positive approach to the board is in full swing.

I know my feelings on it but who wouldn’t spend 30k to make 60k. Those that know, know imo

Can I have some options at 2.8 pence please, pretty please!