Member Info for FORD707

Good post Zebra

My agenda is to see this through as it could be a once in a lifetime opportunity to change my families lives forever. All the signs are there and all the potential is there. Yes there are hurdles and yes it call fall short like 99% of the others. However, I would like to find. If it doesn’t then I’m sure I’ll move on with whatever money I have left to the next dream.

Oh dear.
Yet more evidence that the internet and social media has stopped people developing social skills. Messages can read very differently and most certainly taken the wrong way if you’re looking for it. Yes this seems unbelievable, yes this seems unlike anything else I guess most of us have been part of, yes there are one or two people that stand out. I honestly believe that if you look into it you’ll have a different understanding. That is entirely up to. Segregation is a little destructive by labelling a group of many people.

Baa Baa

Hmmmm, Moroccan Royal Family!

Congratulations, you’re obviously very good at what you do, need we say anymore.

Hopefully your transparency will allow the sp to rise and have the opposite effect as to when you announced you had sold. Whilst I always appreciate transparency, at times it can work out in your favour, as this has proved.

I don’t know why but I’ve always assumed mou-1 testing would be first. If you’re looking to drill other wells, surely you would test the first one to get a good idea of what to expect with the others? It’s a good question to which I haven’t looked into. Perhaps it can be done whilst waiting for long lead time items. Everything is there ready to go, test mou-1 whilst crossing the t’s and dotting the i’s with the others? Personally I’d lean towards option 1. I guess it’s maybe not even a question Pg and Lonny could answer, perhaps it is, very exciting indeed.

Apologies for my writing at times. I didn’t fulfil my potential at school I’m afraid, one thing and another. My wife deals with the English homework, I do the maths, it works well.

A couple of things. I hadn’t meant to write that the rig would be used at mou-1. I had meant that mou-1 testing will commence in align with the presence of the rig. I.e it’ll take a few weeks to transport etc commission and what not, apologies for that. I had children hanging off me. In terms of the size of the licence, the appraisals are being done to confirm and understand the size of the system we’re dealing with, within our licence area.

The rig is being used in July I believe. So let’s say it takes a few weeks to drill and a few weeks to get it moved and cleaned up. So end of august into September our program starts, let’s say. It’ll take a few weeks I reckon to set up and test mou-1. The results will take a few weeks. The rig once finished at mou-1 will then move onto the other targets. Again a few weeks to move, set up and spud. They stated around 12 days from spud to td. Program starts august/September then 8-12 weeks to drill and test. Within 6 months after that a potential sale. That’s a rough time frame in my mind in terms of what’s possible. Of course the dates will be set out upon receiving an exact date we get the rig etc so my timeframes could and probably are all nonsense. Of course this that and the other could happen. That’s my attempt to articulate what my thoughts are. However, I would say this, I believe this is a one off and will pay out very well. The oil and gas is there, we have all the cards on our side of the table. We still need funding which again I believe will come from a JV. A few hurdles to jump but these hurdles (if we clip them) will only cause a temporary drop in sp that could be weeks or a few months. I don’t believe we will but that is the risk. The risk is that you invest money that you need within the next 9-12months and are forced into selling at a loss. The end result will come I’m fairly certain of that and this sp will start to gather momentum. If a JV lands then all bets are off as to where this settles if it does at all until the drilling testing program has been completed. I hope that helps a little. The truth is no-one knows, but people do know what is there, that is for certain. CPR tells you that not some guy wanting to make money. P.s 60 sea blocks, 30sqms, really. Appraisals will confirm how much we can add to contingent and prove into reserves, very exciting!

GRH and TT-T,
Abso bla**y lootly!
It’s all been said before hasn’t it.
The amount of shares kicking about for people trading, sulking and such like is very low. That is why it moves so fast. When this moves and proper investment starts flowing, my oh my. Again all been said before.

Lol, those were days

A discussion, debate and or difference of opinion is not a personal attack. For me I see the end results as being good as I believe in the company and what they have. I’m prepared to wait and I have hopefully positioned myself for whatever comes along. I understand that maybe some haven’t and the fluctuation, possible delays and uncertainty is worrying for some.

Of course Nigel, there are risks and complications as Pg has stated, hence the price. Hopefully, all will be sorted out in due course.

So in essence which ever this goes we can test mou-1 and prove up the CPR? Would that be a fair assumption?

Am I peeing into the wind here?

If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be £1,699,554.

Hi Nigel,
Forgive me for my lack of knowledge because this could be completely wrong. However, I’ll try and pitch something for discussion as that is the aim of the board. Does Lonny have to decide whether or not he takes up his share options? If he does (one would assume he will otherwise why buy £50k worth at a higher price, surely you’d wait for the cheaper ones to vest) would he purchase them and would that money essentially go in the pot? If it did would that be say around 400k? As I say I won’t pretend to know for certain because I don’t, just my interpretation to the question. I haven’t followed that particular part of the puzzle much as yet. Also, I don’t believe it will be an issue because I strongly believe in a Jv deal getting over the line.

Perhaps.
This extract can be read in different ways I suppose.

An exclusive option on the in-country Star Valley drilling rig has been secured as previously negotiated and announced for the MOU-1 drilling contract.

Could the powers that be in Morocco be pushing this along? It would certainly help them, one could say Kingdom Defining!

Good morning,
Your post this morning leads into another question that I often think about. PG stated that he wants to make the most of the market at this time of need and transition. Having a licence so close to infrastructure and being able to get to first gas very quickly, unlike most others. They have been granted an exclusive time frame for the rig, I wonder why. Could some strings of been pulled, one would have to say it’s certainly possible. New financial directors are on board with immediate effect on a short term basis.