Member Info for GRH...

I will keep this simple...

Re Morocco...

E = Per X Por X Charge

In this sector, it is THE sine qua non

All the rest is noise

All will become clear

Regards
GRH

Of the the folk on here whose opinions I value highly...
Wacky is right up there...in the top echelon...

there are two others occupying that podium

IF he is right this time...and I for one would not bet against him,

I think I have been far too cautious in my approach

When PG and Lonny talk about getting production moving, they REALLY mean it
it would of course require the production facilities to have been built/tested and approved

Hmmm...I wonder what the build out time for that is...
CHG compression and storage and loading facilities etc

We know the drill times are short

So...what if (JHC)its all kicking off simultaneously!?

If it is......and it is an IF...

it would mean they have found good financing deals (whether credit facilities or JV ...
I dont really care ...
as long as field equity is maximised for PRD equity holders)

If that is correct, it will mean that a certain old boy might have timed his purchases OK
Again

If that were to be announced in RNS...crikey!!

BTW...
I am very friendly with the chap (another mate of the late great Adnan)
who designed and was in charge of all rolling out all surface facilities for Shaikan
Coincidentally, he just email me asking if I am free for a chat later today...
its about a matter unrelated to PRD
Could be an interesting call..
they usually are

Regards
GRH

'Options for NEDs today rewards what they have contributed to the Company already in a very short time... good to be working with people who deliver at all levels.'

I found that interesting ...
on several levels

Regards
GRH

There are a number of ways to make valuable progress

It is no secret that I was a lone voice on here...
calling for Paul to drill MOU1 BEFORE doing a farm out...

thus maximising our retained % of valuable field equity

Many said I was potty to want that

I was delighted when they went down that route

Of course ...the July 2021 RNS was very widely misunderstood...
but there were very good reasons for the technical language in that RNS

As also for the follow on RNSs!

My present view is that I am ambivalent as to the way we now choose to go...

I actually have a preference for drilling MOU4 pronto...

but again PRIOR to farming out...

Yes it would need a bit more money

The reason being to do with maximising the value creation point on the Creaming Curve

Let's see how it plays out

Regards
GRH

I would like please to refer folk to my post of 4 April

It started 'OLADAPO007'

Whilst there can be no guarantees in this sector...
(Geology and lithology are hard taskmasters) ...

I do now firmly believe that

MICHAEL CAINE WAS WRONG

Regards
GRH

Hard to see how there will not be civil unrest this winter...in Ireland

Looks like Holland has exploded ...as it does so, other people in other countries will be emboldened

I sort of apologise for raising such a spectre ( sorry Spec) I

Regards
GRH

Roll this around in your head...

'In a pan-European context of security of gas supply,

potential additional Guercif gas discoveries are connected
to the European gas grid and provide for diversification of European gas supplies.'

Regards
GRH

I am sure you have DYOR

You might want to consider the GEOMETRIES of the Zagros...fold/thrust belt

I hope folk might forgive me...for even mentioning...,yet again...
the many days I had spent with the wonderful Adnan Samarrai...the absolute master of the Zagros

And of course
One of...if not THE most ...successful explorers of the modern age

Lovely lovely bloke...loved a hyper hot curry
Miss him dearly

Regards
GRH

The word used was GEOMETRIES

There is good reason behind that

Regards
GRH

Evening

I did mention this on here the other day
I also mentioned it in a tweet

But like New York, New York...it bears repetition

Extract from latest Report & Accounts:

'seismic characteristics and geometries analogous to those hosting
the Anchois-1 gas discovery in the offshore,
albeit on a much larger scale

covering up to five times the area straddled

by the Anchois-1 and Anchois-2 wells.

I bid you good evening

GRH

Morning
Sorry if it's Grandmother sucking eggs

Everyone really needs to understand what's going on in Guercif

First...understand what appraisal wells are FOR

Second...consider how Paul and Lonny can REALISE their gains...

Senior directors...especially those holding a lot of equity...
are in a very different position to PIs...

They need to realise gains through deals...as opposed to selling some in the market

Paul has discovered a MIGHTY big thing...

We sort of pay lip service to that here...we are incredulous...

BUT...
He knows it
Lonny knows it
ONHYM knows it

Some others know it

The market really does not know it...nor believe it...

That actually includes many on here

The mis-pricing of the equity has never been greater...

on risked reward basis

I am referring to Guercif

I haven't even tried to put an equity value on Ireland or TT ( I suspect that old Sefton was correct in his published views on TT!)

After freeing up a bit of cash, I am now averaging up

Please bear in mind that my risk profile might be different to yours

As some know, I am here with a ridiculously low purchase price

All in my opinion

Regards
GRH

I remember ...like it was yesterday...having very many meetings in a Sevenoaks Italian cafe...
with a certain head of exploration (Who I like )

the Tendrara location that we were discussing was at 8% porosity I recall

Can't remember the charge or permeability ...
as I don't have my notes with me

I have posted many times:

E = POR X PERM X CHARGE

Its not 'debatable'
Its not what it might be

It's what it is

I like E (no, not that stuff)

Regards
GRH

Afternoon

A friend reminded me earlier of a simple factoid...

I am very grateful to him as I had almost lost sight of a point...remiss of me...sorry!

What if the new locations were not to be exploration wells????

I had posted previously on the point but there may now be fresh focus!!!!

What if they were classed as APPRAISAL WELLS????

The risked bang per buck is off the scale...as far as shareholders are concerned

I have tweeted that before

But here is THE THING...

What if the risked bang per buck is way off the scale...

For farm in partners!

I strongly suspect it is

Regards
GRH

You will notice reference in the Annual Report to Anchois

Look at the 'up to 5x' reference!

WHAT has an old boy been droning on about!

Regards
GRH

Morning...
Anyone invested here...or considering investing

You might want to read the annual Report...staggering stuff

Alongside THIS...

Posted before
but interested folk really need to spend time on it... understand it...
every bit of it

Tour de force
Tour ' horizon

https://www.reddit.com/r/PredatorOilandGasPRD/comments/ulaxgv/morocco_the_state_of_play/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

My wonderful Wife's Birthday today so will be focused elsewhere

Regards
TO ALL GENUINES

GRH

Hmmm

deeply offensive ad hominen from MEM

I will not reciprocate with some relevant facts

I would however point folk to my posting history on here

where you will find that I was born at 8 Bond Street

Yes...gilded youth etc

Except for one small factoid

it was 8 Bond Street Southampton

check it out ...Northam is down by the docks...
and you will find that the houses there were knocked down as part of Southampton's slum clearance programme

My Mum met my hero Dad when he was stationed nearby...I am the result...good or bad
Born at Southampton General Hospital

They worked their socks off to try to give me a better chance

I decided to try to repay them...
worked bloody hard...often at work in London before 5 am
built several companies...incl MAIN market listing
my own twitter account refers

The very final dying words from my Dad were that I had made him proud AND THAT HE LOVED ME

SO LISTEN MATEY
THE FACT THAT YOU ARE NOW TRYING TO REINGRATIATE YOURSELF ON HERE
with your man of the people routine...

should not be at my expense

GRH

Afternoon

Very disappointing to find ad hominen attacks from a surprising source

I suggest he reads EXACTLY WHAT I wrote ...

not what he thinks it says

please read it in a bit more detail

Some might recall that I have posted extensively ...as did the terrific Methodology...
regarding comparisons of what we have discovered and identified ...compared with Anchois

There are several staggering cost /MCap comparisons

and several analyses

Some might also recall that I have banged on about scale and volume
as well as about E= Per X Por X Charge

BTW

Some here might care to read the terrific Annual Report

It includes this :

'Initial post-well geological studies and integration of seismic information has defined the TGB-2 stratigraphic trap as
a potential submarine fan and channel system with seismic characteristics and geometries analogous to those hosting
the Anchois-1 gas discovery in the offshore, albeit on a much larger scale covering up to five times the area straddled
by the Anchois-1 and Anchois-2 wells. The MOU-1 well post-mortem reveals that the well tested only the very distal
lateral edge of the TBG-2 submarine fan with the main axis of reservoir development being potentially developed 6.5
kms. to the east of MOU-1.'

I bid you good evening

GRH

Morning

As far as most PIs are concerned, the available way to make money is to

BUY LOW

SELL HIGH

Most PIs fail to do that

I have been in this game for many decades ...
some privately / some as an operator

I have mentioned before that most folk lose money whilst trying to ‘trade’...
they are simply not equipped for it...
neither technically nor emotionally
We often see that on here
Market operators are a LOT sharper than any of you ...simple factoid

The ONLY way to make money consistently is to out-research others...
find the mispriced opportunities ...

INVEST

and WAIT

WAIT for events and the markets to catch up with you
(if in any doubt at all as to HOW effective such strategy can be...just read The Big Short)

On AIM and in particular E&P
I have found that most 'opportunities' ARE mispriced...they are far too expensive!
I have exposed some such in advance /in public

One day I might mention ...over a pint...
some of the bizarre things that have occurred in this sector...folk WILL fall off their chairs

Tea at Browns Hotel will be the venue of choice

One of the characteristics of the markets more recently is that PIS can /do invest online
THAT was impossible until recently

it sounds a remarkable opportunity and yes it is

for the market 'operators'

PIs have had their shirts removed and socks too...in droves

This is THE toughest game in Town...and the odds are appalling

THAT is why I VERY RARELY put my money down...
many outfits are run by incompetents or crooks
sometimes both

I am much more robust in my language than I appear in print...
I have told a few CEOs etc exactly what I think of them
I used to be known in The City as GBH...as I litigated ...
a lot

I have carried out more research on PRD than ANYONE here...it is a simple fact
folk either accept it or do not...take it or leave it

As far as buy low sell high is concerned

I bought LOW...1.50... in real volume
I will sell HIGH in real volume...circumstances will help me decide the price/s

BTW...I have seen many folk come and go ...

The imbeciles pretty much always self identify...either in person or more recently on BBs
it has occurred here several times...
it is still going on...one chap in particular

in the scheme of things re a great share... the imbeciles are not even noise

As far as my posts are concerned, I have tried to post helpful stuff...

Hopefully, I will continue to do so

Caveats:

I might be wrong this time
All in my personal opinion
DYOR (really!)

Regards
GRH

Do you remember Dalesman?
The perpetual Optimist? (Evening TPO)

I was fortunate to hold 1% ...hence GRH1

Oily

I was GRH 1 there

Regards
GRH