Member Info for Gudin

People do realise that a farm out package is being ready for release in July which will include Mou 5 results. Any company interested can enter this with an NDA, so not sure what suppressing a positive result for local companies till then will achieve. Any companies that see a suppressed massive discovery would blow the local companies out of the water and render their efforts pointless.

A brokers note commissioned by PRD and uploaded onto their website calls MOU 5 a duster.

They are farming out the Jurassic to pay for 3d that costs around $5m. Assuming a 25% farmout that values the Jurassic currently at $15m. By the time the farmout is completed and 3d acquired it will be the end of 2026 before the next well in the Jurassic is likely. Hardly suggesting success.

Mou 5 was a high risk well 70+ days since td and still no mention of any hydrocarbons, often the simplest answer is usually the truth and this high risk well came up short. Mou 3 testing and (finally) workovers in T & T starting is the focus currently and the road to share price recovery.

Nail on the head buffin. How much more dilution are share holders going to face at low placing prices and farming out of assets to pay for 3d seismic before some value is delivered to share holders. Sitting on such a massive resource and effectively double the share count when warrants and options are included in two years and planning on farming out a percentage to pay for 3d seismic is poor management.

GRH was posting about his anger and keithoz was agitating to get lonny to replace PG only a few weeks ago. A quite staggering about face in light of no new information in the intervening period.

Jerry Keen works for the company.

Jerry Keen's name is included on the bottom of the rns.

Jerry Keen has published a broker note, that has been uploaded to the PRD website.

Jerry Keen has stated that Mou 5 is not a discovery in that note.

The sp is low because Mou 5 is not commercial and they have failed to flow gas from the Mou fan after three attempts.

i will agree with the takes years though, not sure how appearing on multiple presentations currently freely available on youtube etc is keeping quiet.

Best to ask them that question, they seem to base their reports on the ITR suspect JK is not qualified to produce resource estimates. Oak are paid by PRD as advisers so are unlikely to rock the boat. They did not update the valuation for the increase in shares following the placings in November and February, so they are not exactly quick to adjust. A company adviser stating MOU 5 was not a discovery, wonder where they got the information from to make that call.

Welloilbeefooked, if Oak think MOU 5 was not a discovery then they will likely be revising the target price down so will wait to see if they issue a new price first. They also mention focusing on an area to the north of Mou 5 that in the ITR is given as 55km2 and has a resource of 400bcf if I recall correctly, so again waiting for an updated price target seems prudent. It will be higher than 3p so that will still present reasonable upside. Happy?

Why have PRD uploaded the broker report from the 19th March into their document archive that indicates MOU 5 failed to make a discovery or in layman's terms a duster.

"Although it could be construed as disappointing that we did not have a discovery"

It seems odd to post a report on your website with that claim if it is incorrect. Also the broker report from the 22nd April indicates the lower reservoir was not within a structural closure, suggesting any gas has migrated from this reservoir at this location. Any thoughts on this?

https://wp-predatoroilandgas-2024.s3.eu-west-2.amazonaws.com/media/2025/03/Predator-190325_250321_165258.pdf

Duplicated the second link my mistake, It is not a comparison you have misunderstood.

One note is claiming Mou 5 was not a discovery and the second later note that the lower reservoir has no closure adding further yet unreleased meat to the bone. They have not explained why they think the carbonate is not a discovery, but if this is false it seems strange to have it on your website.

"Although it could be construed as

disappointing that we did not have a discovery"

" Next step is to integrate the new data to focus on a core area

of the Titanosaurus structure north of MOU-5 where the

potential Jurassic carbonate reservoir may be best developed

and where the newly discovered deeper reservoir sand is likely

to be within structural closure for both a helium and gas play"

Two quotes from Oak securities available on the PRD website. Seems odd having a note claiming no discovery and another with the lower reservoir has no closure at Mou 5 on your website if this is not true. Lack of closure on a reservoir is a trap failure and results in hydrocarbons migrating, not seen this mentioned in any RNS so where are they getting this from.

https://wp-predatoroilandgas-2024.s3.eu-west-2.amazonaws.com/media/2025/04/Predator-220425.pdf

https://wp-predatoroilandgas-2024.s3.eu-west-2.amazonaws.com/media/2025/04/Predator-220425.pdf

Only mentioned it because the obvious retort would have that I made a loss and was bitter, it’s hardly boasting. It is certainly minor league compared to your pal, but good to see you agree that he lacks humility.

Failed to answer any of the questions, the whole point of the tweet was to once again to blow his own trumpet. The slightest mention of GKP and he is straight in, at this point there are undiscovered tribes in the Amazon that know about his GKP history. The thing that he fails to grasp is that GKP was one of the biggest pump and dumps and the rest of the people associated with the bulletin boards at the time have quietly disappeared. I was in GKP and made a decent return but the whole affair left a lot of people out of pocket and most with a smidgen of humility refrain from boasting.

Rob please show where I stated you made a post about the KRG delaying information? Can you show a post where you rebuffed these claims if you thought them to be incorrect?

Why was PG able to release the MOU 4 results two days after the initial release due to his anger at the share price performance, no royal impact then?

Common posts on the GKP board at the time were takeover rumours and the KRG withholding information. In the past few weeks you have posted about 100 people on site and now the Moroccan royal family holding up news. Similar to the GKP playbook imo.

As PANR shareholders are finding out, logs and data are all well and good but the proof is in the flow testing. Royal or pauper PRD have a potential big asset until they are able to prove it.

GKP (on which rob was a poster) used to have frequent claims that the local government was holding back news, which turned out to be false. Someone needs a new playbook.

Your last post mentions a "char crew" so not ascribing anything, you have stated your obsession clearly. It is short sighted, sensible posters can see a vibrant oil and gas sector in Morocco helps all.

Has a lack of service industry affected PRD?

Would interest in the sector such as the Orange basin positively affect PRD?

Failures by others in Morocco have led to share price drops in PRD so the market can see the links if you cannot.

You are one of the main culprits who is letting an obsession with a certain poster influence your short sighted view. A major walking away is a blow to the Moroccan oil and gas sector of which PRD is a part. It is certainly not a plus for PRD. The slow progress due to the lack of any service industry has effected PRD with the increase in share count due to placings, the difficultly getting equipment into Morocco and the general lack of interest in the rest of the sector in the region. The current share price reflects this. But you and others have scored internet points on some tedious poster on lse, well done.

A large discovery offshore in the Orange basin has transformed this region into one of the hottest areas in Oil and gas, with an influx of Majors and even increased interests in the overlooked onshore areas. Sensible share holders in companies in this region have seen the benefits that success to others brings.

Never really understood the glee that some seem to take in other companies in Morocco failing (apart from those obsessed with thebold and want char to fail). There are four main companies operating in Morocco, Char, PRD and Sou are at multi year lows and SDX have just delisted. The four are barely producing any gas, they all have encountered numerous problems, setbacks and disappointments. Surely posters are not that short sighted that they cannot see a successful oil and gas sector in Morocco benefits everyone. Shareholders make money and Morocco's economy and energy security is boosted. Companies operating in the area also receive a boost of a functioning service industry reducing costs and more industry focus on the potential of Morocco. Char, Sou and Sdx struggling ultimately hurts PRD as confidence in Morocco oil and gas is dented.

The advancing of the LNG in April in light of the major walking away from Anchois and the Mou 5 result in March is hardly a ringing endorsement for their indigenous oil and gas sector.

To be fair to Keith his theory was a commercial declaration and production on the Mou fan would start the clock on the Jurassic as well, he has never as far as I can recall said anything about delaying testing to stop the clock starting. He did argue that the field could not be ring fenced, despite being shown the evidence it could and when PG confirmed this was the case in the last presentation he has dropped that theory.

Have people stated the other wells are dusters? The other wells have mud issues that have resulted in formation damage and probably the removal of both the country manager and drill manager for Morocco in September due to this.

Mou 1, 3 and 4 all had mention of gas pretty quickly after completion, Mou 5 appears to be the outlier with no mention of gas. Now either something has changed in the reporting from the company or there is nothing to report. I cannot see any benefit to either the company or Morocco sitting on positive results and crashing the shareprice. I hope I am wrong but I have not seen a company sit on positive well results for nearly two months whilst the share price is in the doldrums, it's a new approach if they are that's for sure. The logs will have been analysed and the Moroccans where ok to release this for the other wells indicating gas, cannot see their approach changing now if logs have been sufficient proof in the past.

Thought the results were being held back because of negotiations, now it's the Moroccan Government. Someone needs to make their mind up. Two days from Mou 4 logging to announcing a gas reservoir in the Jurassic a new play for the area, Moroccan authorities not holding back information then?

Always found it odd on these boards that when a share performs poorly such as PRD has done it's those that were negative that get the abuse whilst those that have been positive throughout the fall continue unquestioned. Filtering negative views while the share price is tumbling is also seen as some kind of badge of honour at the same time.

Did they, do you have a link?

During the uncertainty of the Russian Ukraine war when prices hit $140 others like Barclays said $200 was a possibility so if they did it was hardly an outlier.