Member Info for Gudin

Zebra

The warrants expired in 2025. The sand jet while we all hope is successful has a chance of failing, why would the brokers convert and take the risk when they could wait until after results. They are selling if they have not already sold. 500k a day for ten days just about clears them, two 230k trades today. Drip feeding sells over the last week, they are a broker not an investment fund and have cashed in the only warrants in profit before a pivotal event for a reason. it's not to hold them, it's to bank the profit. They have other warrants to take advantage of any price rise on success.

If you had the right to buy 5 million shares in 2025 at 5.5p and 8p would you buy now and hold or wait for results?

Zebra04

The warrants did not expire until 2025, there is zero reason to risk the capital on test results unless the intention was to sell before. Unconverted the upside is still there, converted they are exposed to any drop. Would be a daft decision unless they were intending to sell.

The broker is likely selling the 5 million shares from the warrants, unless you need to sell then I would not worry about it. Testing results are the most important event on the horizon, the rest is just noise.

Never replied to them, you missing the deleted poster from earlier. I agree they are irritating relentless but you are wasting your time same old reply every time.

Sefton as you have previously advised posters to visit the RSPCA to "be put down" it comes as no surprise you voice support. Lacking the emotional maturity to post sensibly without resorting to vile insults. Scum supports scum it seems.

Reported this. The term is because of the crimes they have committed which you well know. It just seems like you are a vile human I expect you will be banned for the third time shortly.

I reported your post's mick. One of my friends killed himself a couple of years ago due to the acts of a type of person you casually flung around. The fact that you think this is an acceptable insult for someone on a share discussion board says more about you as a person than the individual it was aimed at. Maybe educate yourself on the impact of these crimes and how they destroy lives and spend less time clogging the board up with your unhealthy obsession.

Thanks

Sou have demobilised the rig so they do not have to pay the day rate whilst they are waiting for the tubing. No spin. Basic common sense.

The rig is stacked and unlikely to be used for weeks, are the service providers stacked as well or have they moved on to the next contract?

Prd have no valid permit for exploration work. Despite over a year of applying for various amendments with clear expiry dates some are still unable to grasp this. There could be 1 million rigs in Morocco and Prd would still not be able to drill currently. The benefits of being last are really bearing fruit now.

Stacked on site and going nowhere. Prd have no valid permit to use a rig that is currently doing nothing for what seems likely to be a significant period, someone else will be to blame for this though.

Corrib south has prospective resources and is very much exploration with a 44% cos.

Hi MIck

Your obsession with a certain poster has already led to one ban it would be nice to see a change for your new login. Put them on ignore for the sake of your own health and to stop cluttering the board up with your petty spat.

Thanks.

Figures from the annual report in dollars:

Mou 5 3.5m

Rigless testing 1.2m

Sandjet 1m ( the original timescale was 4 weeks mou 3 is at least 5 on its own).

Star valley do not owe a favour the timeframe given was "expected" not contracted.

Do not think they have applied for the First Extension Period yet, something that has taken two months for the exploration permit to be awarded. No timeframe given for MOU 5 so difficult to class it as near term and it has never been classed as funded they have always left their options open regarding MOU 5 including mentioning equity in the annual report.

SDX are drilling three wells in the second half of the year, so rig commitments will be an issue again. Next year there will be three rigs in Morocco, sv101, SDX are bringing one in from Canada and PRD proposed rig so it should not be an issue going forward.

I think this is effectively a "placing a towel on the sun lounger" starting now allows them to test in this window if the equipment arrives. If they had waited it would be August before the new permit was issued.

Agree on MOU 5 being overtly bullish on something that is out of your control is never a good idea.

The post at 8:20 contained a comment on the rns, not very good at this are you?

Happy to call others out, but not so keen on the receiving end eh rob. Another rewriting history today and pretending the bold claims of the last few days did not occur.

Think it is called ramping.

Bit ironic when you instigated the personal spat with an attempt at pathetic cheap point scoring. I noticed that your frequent postings about drilling MOU 5 soon have been dialled back. Maybe try treating others with a bit of humility it makes you look less foolish when you get it badly wrong.

Hi Rob

Your comments from 31st May have not aged well,

"I do not expect MOU-5 in June" comment.

I will simply reply.

That's your own person view and not one I take much notice of."

Taking notice now?

Am I still a troll for rightly highlighting the permit expiry date whilst others continued with satellite hunting drill pads and proclaiming they were happy with being last for the rig. Was it trolling for stating no MOU 5 in June against popular belief.

Good to see sandjet has started, the delayed MOU 5 is probably a blessing in disguise as the money for this drill is now free and reduces significantly the need for funds which would have been tight if it had went ahead.

Keithoz has still not heeded the permit/ licencing issues. The first extension period has not been submitted yet, unless they have failed to mention this, and even if it started today it has taken a minimum of two months to go through the layers of bureaucracy based on previous licence processes.

Ijt

It's never been a consideration before and everything is already in place according to previous messaging.

When timelines have slipped previously they have been slow in updating, history repeating and all that.

An rns is a statement to the market, it is naive to suggest that a statement issued in a rns is not meant for the market. Who are they telling the market they are going to update, the morris dancers union?

Plenty of replies today, not a single one able to answer the permit expiry date and where that leaves drilling and testing as they cannot start without a valid permit. It is something most genuine investors would want to know surely.