Member Info for GRH...

Clearly... shareholders are in for a treat...

a new...upgraded... CPR cannot be far away

Now they are straight onto MOU4

Which includes the 126 sq kms

Titanasaurus Prospect

ROB has been studying that Jurassic

In detail...

For a long time

Regards

GRH

I just saw a post by IJWT

In it ...he said this...

"I sincerely hope PRD is a success, just don't believe it is yet nailed on

but that is the risk we all take in stocks like this."

I observe that IJWT has used "we"

When he should have used " some"😂😂😂

He has also used " in stocks like this"

Fundamental misunderstandings both

😂😂😂

Regards

GRH

Some folk might even recall me banging on at 1.5p

Many many people shouted at me

Some reached fever pitch of disdain

Funny old World👓😂😂😂

A long time ago...

I came up with a suggested route

It was from my old office in Ironmonger Lane

Along Gresham Street

To Postman's Park

It's a flat route...

although there might be more than a few global journalists interrupting progress

We already had a couple of volunteers for the actual joinery etc...

but we will soon need volunteers for the actual carry...

I am quite old

so might have to cheer from the sidelines

Anyone who is thinking of volunteering might want to do some serious training

Do it ASAP

I am very serious about the idea...

I might even be able to organise some City surprises en route

Regards

GRH👓

GRH

Is never going to say

I told you so

😂😂😂👓

Tsar Bomba

Obviously...those doors are off!

Regards

GRH

👓

Tour de Force

It took him more than 9 hours(😇) to write

Regards

GRH

Yes...

I met her several times when she was John Black's girlfriend...

living at Plane Tree House

(I worked for John for several years...it was from John that I learned to love the 275 GTB4 long nose)

But Michael Caine was King of the known Universe in the early 1970s...

Hard to describe it now...

but Mr Chow's would go crazy when he arrived

She was stunning

But not a patch on Lady H

There is something else on my mind ...

can't yet put my finger on it😇

Regards

GRH

Afternoon

terrific as always from Keith...

Great explanations…thanks Keith

I used to use an analogy of a Victoria sponge...again with multiple layers

(BTW I would be unsurprised if there were even more sand beds than those now quoted)

The thing about that old Victoria sponge

is that the analogy then drove a Mercedes Benz triple logo down vertically through the sponge

so the sponge was divided both vertically as well as laterally

My belief is that:

1 Whilst we are focused on the job at hand…and blimey…WHAT a job it is

2 That represents only one vertical segment of the Guercif sponge etc

3 Common decency …amongst other things…prevents me from suggesting how many ‘segments’ there are in Guercif…but it’s a lot ( REALLY not a ramp)

The vertical charge/migration is of course ESSENTIAL to identifying the infamous ‘E’

in the unwisely derided equation

E = POR x PER x CHARGE

A discussion re CARRIER beds might soon become relevant here I suspect

Off back now to Twitter to reminisce re a well spent youth

Regards

GRH

Jimmy

I referred to your post on twitter

I hope OK

Regards

GRH

You might carp , Oilyfred

But I never had you down as being koi

Of course it is,Oilyfred

Course it is

In similar way that MEM was not formerly known as Nicebut

Regards

GRH

Oilyfred

Firstly...

why do you keep reciting your mantra re 25p?

In M&A circles...

that is a tactic known as 'anchoring'

But, of course, you know that🤗

Secondly...

As to the paperweights...

Yes, I have one ...

They were normally given out to attendees of the 2012 AGM in Paris

Adnan gave me mine

How did you get yours?

Regards

GRH

Sorry rubbish formatting

Even more rubbish memory...it was at Leeds Castle

Don't get old😠

morning...

good story, keith😂

packer was a total legend

on a much lower level...

and it will probably offend those easily offended...

(my social conscience could not give a monkey's)

a long time ago ...

my wife and i were attending a s****y dinner laid on by the local bentley dealer to say thank you to customers

it was at lenham place,lenham in kent

i was standing chatting with two good mates..

we all had turbo rs...

we were very naughty with histories of very silly cars

my bent.had a superchipped engine

one was standard...owned by hi fi magnate

one had very trick suspension...

owned by scandi ex rally driver who owned his own interdealer broking firm...as sole prop trader

we all used to drive them together in what was known then as 'spirited fashion'

and what would today be known as anti social hooliganism...we used to enjoy them😇

anyway...there we were... chatting as three good mates...plotting our next meet up etc

when a chap sidled up to us...

we three were all quite tall

and this chap had to hold himself very upright even to be noticed...

he interrupted our chat

and wanted to let us know he had just taken delivery...sort of nouveau bolide ...of a new bent.

he was struggling to join the conversation

seemingly desperate to say something relevant

he then blurted out...

'i make over £100,000 per year...

do you?'

this was mid 1980s

we all looked at each other and frowned

'p' owned the most profitable chain of hi hi etc shops in uk...big car nut...collection

'r' owned his own prop trading business

and his own formula 3 motor race team...

i had formed and floated my own investment bank

and had real form re tuned and obscene cars

had imported first ever amg to uk

without breaking sweat...

' r' ...a giant scandinavian bear of a man...

looked down at the interloper

"some days i do

some days i don't"

the three of us carried on drinking

as the bloke went off to cause nuisance elsewhere

there are folk here thinking

'some minutes i do

some minutes i don't '

regards

grh

I might now be old John Henry

But imo that is all the more reason to want to learn...

If anything ...I have found my thirst for knowledge has increased over the decades

With that in mind...and bearing in mind your own self stated expertise in understanding market dynamics...

Would you mind please explaining to me

Your own views on such dynamics

Whilst doing so, you will assuredly wish to cover such matters as 'ladders'

and explain 'dealing off the back of the book'

I mention those facets only as I seem to recall some slight relevance?

My interest is so you may explain things to me that will have passed me by

Me?

Just an average employee of an average broker...a

Albeit many years ago

Oh...I quite forgot...silly old me

I was actually MD

I am becoming really forgetful...

And the broker was the second largest in the World

My mind plays tricks at my age

I am sure that yours remains razor sharp

Regards

GRH

Hello JohnHenry

you prefaced your note by 'IMHO'

I note that you own both Angus and Pantheon...crikey

Did you rely on your own humble opinion in choosing those?

Regards

GRH

Silver foil

If your take away from Keith's post was 30 p...blimey!

You might want to consider a trip to a local coffee shop...

Clearly you need some caffeine

If ...there is a Specsavers en route to the barista...

so much the better😂🤗😂

Morning

Top post Keith...thanks

I would point out that ...

WERE a forward sales type deal be written...

I am not saying it would...

might it be at a discounted price per MCF?

I am keeping very quiet about this ...some have noticed my reticence

I have only alluded to it quite cryptically so far..as frankly there is no upside in me shouting at this stage...quite to the contrary

But...

I would be surprised if such a deal had not been done before in Morocco

And I would be further surprised if that % discount rate might have been other than modest...

Obviously the discount rate math is simple... price/term/volume...the greater the certain volume, the smaller the % discount

We tend to gloss over the fact that economical supply of power is the absolute sine qua non for industry

Morocco is fiercely competitive and it wants to muscle in to lucrative European... and indeed global ...markets

For that it needs real competitive advantage to supercharge its industry

PG has referred several times to acting responsibly in setting pricing

He and Lonny have a total grasp of this point...

I am convinced...absolutely totally convinced

that if we can get two producer wells...

and thus redundancy of supply...

PRD will provide that competitive advantage to Moroccan industry...no ifs... not buts... nor maybes

And this share could perform as none here have ever seen before

It's not hyperbole...

Simply the most extraordinary confluence of events I have experienced in my investing career...save only when I formed my own investment bank and it took off

Morocco possesses a uniqueness of attraction...fiscally, socially, structurally etc...we all know that ...it is often mentioned on the BB

So...quick question

Suppose you were an e&p investor wishing to benefit from those attractions

Right now...you have a choice...

but frankly it's pretty stark

You have alluded to it in part

But...

Please tell me...

1...How can sdx fulfil contracts of size from their puddles?

How to provide comfort to their customers?

2...How can SOU equity holders make real money ...given the debt structures?

Never mind relative scale of assets!!!

((I know quite a bit more detail about their assets than I have mentioned here...some are aware of that))

3...How can CHAR equity holders retain decent upside given the mountain of funding needed for Anchois...when compared with current m/cap?

I am here for a reason😇😇😇

Risks remain of course

Regards

GRH

Blimey Oilyfred

I thought that ...even you ...would recognise humour in a reply

Are you invited to many parties?

Twice😂😂😂

Regards

GRH