Member Info for Gudin

The permits should not be an issue like previously they have a valid permit until the end of 2025, 17 months from when sand jet started. Customs clearance will still apply but hopefully they have learnt from last time.

T & T is £1.7m behind according to the forecast provided in the ITR, just short of the latest placing funny that.

Ireland not really got the excitement, it's an exploration asset albeit with a high cos offshore.it will cost hundreds of millions to develop. Something like $40m to re-enter a well on the other licence. It's further behind than the asset that is frequently scoffed at on here, but somehow it's seen as worth millions.

Agree it's all about execution, they have had cash since August 2023. Need to start delivering or get people in who can. What has the T &T country manager done since his appointment?

Giddev

When you raised funds was there a 15 month gap when little progress was made and the funds were raised at over 50% discount to the earlier raise?

You can see why some are getting frustrated with the lack of progress and the share price despite the ceo loudly proclaiming he was building a £200m company a year ago.

15 months on since the August 2023 placing current project status:-

Morocco

Mou 1,3 and 4 no flowrates

Mou 2 still suspended

Mou 5 planned

T & T

No progress

Ireland

One application pending, another on hold.

Mag mell no progress.

PG salary for period £300000

Value for money? Working hard or hardly working.

145876876 replies to thebold and anti_venom bait.

Make up your mind as to the intelligence of those still replying.

Shareholders have suffered enough, almost every time he speaks the sp falls. There has been plenty of talking in the past, now is the time to start delivering results.

Tweets about changing Europe and the world.

Would have taken 5p placing.

Tremendous.

Will be a few missing posters for a while. A company that is struggling with progress on three projects, sensibly looks to acquire a fourth. Here’s a thought start getting a return on the three current projects first. A greater than 50% discount on the placing in July 2023, suggests that “loyal shareholders” are not held in the regard that management claim.

No mention of swabbing of mou3 or anything for mou 1 and 4.

The trailers are still needed it clearly says in the mou rns that it has not been agreed who supplies them, plus the production facilities are still needed. 2026 for first gas based on previous guidance.

Keithoz has posted about flow assurance and the difficulties encountered if this is not maintained. They will require more than one well, whether this is mou1 or a new well it will likely take months. Also Paul in various interviews has talked about a one year lead time for cng trailers putting production at early 2026 if he is correct.

A lot of assumptions in that post, hope the budget forecast is based more on facts. Someone with your skillset should be able to provide valuable segmented analysis of the costs. I await this insight with baited breath.

Yes £145k is alot for two security guards, the reason it was not answered is because it was ridiculous. Your question has been answered, lets have some substance from your expertise. If it's forthcoming I will reply to your petty point scoring and playing up to the board questions.

Porters most on here will not be able to read or understand the results and the effect of cash burn.

Pv72 demonstrated this with the security guard quip as they would be a cost of the Africa operations segment and not general admin. But laughing emojis and no substance appeal to those who struggle with accounts and their impact.

Rob used the word panic take that up with them.

If you think that adding another process does not increase risk then well the advice to Rob is repeated.

Breakdown the costs from the six monthly report. Which part of the £800k spent added value in your opinion?

Sand jet not producing flow and further remedial work required increases the risk factor and the reason for selling. Pretty straight forward, nothing wrong with having a positive view but dismissing increased risk as panic is foolish. If you do not understand this then maybe these risky shares are not for you.

Posters keep on down playing timing and stating their willingness to wait. Each month "waiting" costs £145k in none value adding spending ie wages etc.

The rig is sitting idle, no other companies have plans to use it (sou,sdx or char) $3m mends alot of bridges. I doubt sv were even bothered by PGs comments, it was obvious for months the pecking order for the drill. PG was slow to act as usual and the blame was a deflection from his failings.

It will be sv101 they have not got the cash to mobilise a new rig to Morocco.

The Jurassic is present in mou 4 a test of this before drilling mou 5 is surely the sensible thing to do. If they had tested mou1 then they would have realised they were using the wrong mud and not made the same mistake on mou 2, 3 and 4. Does not seem like they are learning.

Keep seeing the mantra nothing has changed.

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2024/03/Final-Proactive-Presentation-14-March-2024.pdf

Page 4 testing of MOU 1,3 and 4 this plan has changed. Why?

Why has MOU 1 and MOU 4 not been perforated using sand jet and left similar to MOU 3 ready for swabbing?

That was one well by GKP. Paul has always stated testing not required, now today he has admitted that with what they know now they would have used a different drilling mud. An admission that has been overlooked (deliberately) by the “balanced” posters on here.

Three wells drilled using the wrong mud because Paul thought he knew best. He was wrong and not a peep from the usual everything is amazing group. Some are more concerned with access to management than to posting honest views or heaven forbid being critical.

They have cancelled the rest of the testing and have admitted that they should have drilled the wells differently. It cannot be claimed that it is going to plan.

Even ROB has not tried to spin this as good news.