Member Info for Gudin

The technical report which updated to 6tcf has never been released, so investors are unable to accurately review the effect of the drilling at Mou 5. As Jimmy says the 50m was at the lower end of expectations pre drill so the 6tcf will likely be significantly lower.

The Bonasse field has averaged 10bpd for multiple years and it is a bit of a stretch to label it impressive. Maybe new drilling will offer improved results but the company is targeting a modest 35bpd from this field currently. WTI is currently at the lowest levels for a while due to OPEC increasing production, Goldman sachs reduced its oil forecast to $56 for 2025 and $52 for 2026 recently.

Perhaps you could explain why you think this helium is commercial? What is the resource size? Is it in gas, water, what was the reservoir thickness and was a sample sent to a lab as all other Helium companies seem to do for testing. Why no further information after two months to quantify this further.

The main aim for Mou 5 was hydrocarbons, any "dry hole" remarks thus far seems to be accurate going on the (lack) of information released nearly two months after the completion of the well.

Two days after the completion of logging for MOU 4, 66 metres of petrophysical analysis was released including numerous mentions of gas.

50 days after the completion of logging for MOU 5 we are still waiting for 80 meters of petrophysical analysis and still no mention of gas or if this analysis is still ongoing.

It's not a great leap to suggest that Mou 5 was not a success.

Price sensitive information has to be released in a timely manner if an individual has access to information that is not available to the market. 100 people on site had potential access to price sensitive information and PRD are obliged to release this when they are released from site. This over rules the premature disclosure rule as the company cannot guarantee the information is kept confidential due to the number on site.

The same place as the current 1bcm is coming from? Maybe that's why they are trying to diversify the supply.

If PRD flowed gas today at commercial rates, it would take nearly as long for them to get to production as the LNG terminal.

Https://www.reuters.com/business/energy/morocco-issues-expression-interest-lng-terminal-2025-04-23/

Desperate is your choice of word but it seems that a local source is not expected imminently , hence the plans. Of course it could all be a massive hoax, stringing along multiple countries, arranging finance, submitting plans, misleading the Moroccan public with press statements and setting up companies whilst knowing PRD are about to deliver and render it moot.

PRD does not have any gas or condensate to supply to anyone. They have no commercial flowrates or any flowrates unless you have proof otherwise. They have potential to supply a cng from the shallow sands, but nowhere near enough for LNG. There are no companies currently able to supply any decent amount of gas in Morocco that is why they are planning on expensive alternatives, which suggests they do not see this changing in the near future.

It's not going to be prd supplying the gas as none of the wells to date have flowed commercial gas that is a fact, Mou 3 recent testing clearly stated no flow to surface. Panr's test shows the difference between potential and actual testing with an oil reservoir flowing 100% water, no one is building infrastructure based on potential. The wells have expensive well heads on, what are the plans for MOU 1, Mou 2 and MOU 4 with these expensive well heads on? Mou 2 expensive well head has sat since Jan 2023. Mou 4 expensive well head has sat since July 2023. Installing the well head is not the smoking gun that is portrayed by some.

Morocco plans to import LNG and export some of the same LNG to Spain and they are also planning a pipeline from Nigeria to supply gas. If PRD can flow commercial gas they will be able to take advantage of these plans but they are not involved as yet as they currently only have unproven potential.

There we have confirmation, talk the share down buy in and change to ultra positive. Thanks for clearing that up will mark you down as a trader.

Who was the positive analysis from, obviously do not want anyone to claim you are inside trading, so best to be clear it’s not from the company?

Kasjnaton, the only new information for the massive swing from negative to back ramping is the change in share holding. Some of the most clear cut trading seen on this board imo. Basic errors to the chosen one in a couple of days it’s not even subtle.

Cannot blame them they have worked hard to build up a following, now is the time to cash in it seems. Unless of course I have missed the admission that the basic errors claim that so angered them previously was an error? Or perhaps an explanation of the new information? Or are you making excuses for them?

Cephalo, true it was only four days ago that GRH was accusing PG of basic errors, now he is the chosen one again. A significant flip flop in a matter of days.

Others have been labelled dirty traders on this board for less. Unless of course he is admitting that the basic errors claim that he was furious about were incorrect and he has made a mistake for the first time ever.

Moyra Scott the drilling manager for Morocco resigned in Sept 2024, around the same time as Lonny and after the sandjet testing was completed. As the youth say it seems like there were "ructions" after the sand jet testing was completed and the status of the wells were revealed.

£303 k salary to PG who is also up for re-election at the next AGM.

They cannot be currently negotiating anything to do with Mou 5 because they have said a farm out is due to commence in July. If negotiations where taking place then they are misleading the market by saying July, they would be unable to comment on forward plans if something was already in motion.

"The Company is seeking to drill in Q1 2025 a Jurassic target, the extreme edge of which was penetrated in the MOU-4 downdip. This will be a high impact well enabling a gas to power project in the success case. In a success case the Group would seek to monetise the project immediately through a divestment process to, most likely, an indigenous Moroccan entity"

Farming out a stake for 3d and to further evaluate suggests that MOU 5 was not a success. Moving focus 12kms North to evaluate the gas potential suggests the well was not a success. No mention of ordering explosives for testing suggests the well was not a success. One month of analysis and still no mention of gas other than helium suggests the well was not a success.

Mou 5 has not produced commercial gas rustyrat1970, none of the wells in Morocco have to date unless you are privy to information not yet released?

There are wellheads on Mou 1,2 and 4 and the company is currently pretending these do not exist. $10m spent on those wells, $1m spent on two attempts to perforate and swabbing plans abandoned, well plugged for the lower sands and a new focus on 21bcf in the upper sands when the lower contains 10 x the resource with no (credible) explanation as to why.

There has been no announcement that the resource in the Jurassic is unchanged, a clear sign of a disappointing result imo.

What post on the 20th December 2011? Any link to this. Why are you responding on x when you have an account on here, strange behaviour.

Ber Bahr has no commercial oil discovey factoid.

Mou 5 has been drilled and the world has not changed factoid.

PG is not one of the world's best explorers factoid.

GRH said he would not talk down the share sadly not a factoid.

This is all an exercise by Rob to protect his "reputation". The same happened on GKP, they drilled a well on Ber Bahr that according to Rob was full of oil. When it was a duster they drilled in the wrong place an issue that only merited mention after the fact by GRH. Ber Bahr all these years later still has no oil discovery as far as I am aware.

Now despite being the Trump of research and having the most beautiful database and being the worlds biggest and most winning researcher it's not GRH fault it down to an omission. Most people recognised the risk of MOU 5 partly due to the poor seismic and accepted the risk, GRH it seems wants to blame others, which is poor in my opinion and more in line with the poison dwarf tag that he liked to throw at others.

He has also labelled PG as one of the greatest explorers ever so posters need to ready themselves for a character assignation to justify the aboutface on this claim as well.

What about the management? Former director coming out with criticism, vocal supportive share holder expressing concern about technical competence, slow progress on projects and every shifting strategy indicating lack of focus. Management blaming everyone else and seemingly accepting zero accountability for the current situation.

Awful share price performance, management up to the task?

Yes porters he claimed the free cash flow was going to be more than the market cap which at the time was £50m. Wonder what happened to the other four dinosaurs and not forgetting the Mou fan would be changing Europe. None of those statements look particularly good in the light of selling.

Man of the highest integrity though, others would call that ramping. He will have sucked a few in with his posts and has shown zero remorse. Anyone that challenged his lofty claims were dismissed as poison dwarfs though.

Two out of the five drills MOU2 and MOU5 have been drilled in the wrong place and the other three have damage caused by the wrong mud. Add in taking ages to test in Morocco and 18 months to do workovers in T & T if he was half as good as he thinks he is we would be the next Bp.

Can see him getting help (forced). Nothing wrong with arrogance as long as you back it up with results otherwise you look like a fool.