Member Info for Gudin

Compared to mobilising a hired rig into country. They were funded for two wells with a likely contingency the repairs and downtime have exceeded this. Plenty of blame to pass but not for this.

I agree nothing has changed on the potential unfortunately that's the issue also. We have had the money to test since Paul did the proactive presentation. I watched that again last night it has not aged well.

If they had got on with it first gas would have been a few months away, now looking like it will be the end of the year. This is an investment people invested in the timelines provided not to wait years.

"Seen many shysters posting their self serving drivel"

21st November

"ROB . . . What if ...

MOU has been signed and fully approved?

Testing has commenced?

First the market hears is upon results?

That triggers unconditional contract?

Folk learn meaning of 'shock and awe'

(Questions raised in private by another investor)"

Irony lost on the ROB?

It's an interesting question, on the one the latest delay was caused by their admin error so will be harsh to lose the licence in that case but on the other has PG been spinning them the same yarn about testing since May and they are growing weary of the delays.

Think race to the finish was another of his gems after the raise that squashed all the positive sentiment and the majority of funds have sat idle for half a year before testing starts. It's been more like a race between asthmatic pensioners.

As underwhelming as expected( well GRH was hyping it as something great), if they had not delayed for this then testing that was supposed to start 16th October would have been finished.

Agree with others more competent people are required PG is a good geologist but the running of a company is beyond his skill set. Deadline after deadline missed, excuse after excuse for this. Lets hope that the 8th time is a charm and testing actually starts near the time frame given.

Ps not a nda insight it seems despite the numerous claims on this board.

SDX are planning to connect to the Maghreb pipeline to distribute to customers in their area. This connection will use whatever gas is in the pipeline regardless of its origin.

Who would have thought that changing you testing plans for the fifteenth time for the flakiest of reasons and tucking the announcement away at the bottom of an RNS for Trinidad would have this effect?

Has PG concluded any very large deals?

A MOU can take many forms but they are all as legal binding as the paper that I flushed down the toilet this morning.

Still do not get why testing is being held up for something where both parties can simply walk away if they change their minds/do not like the result.

Is this a new nda after the last one for failing to inform us of September testing expired? Testing has been planned for months now must be on about nda number 20 by now and secret talks round seven.

Here's a wacky theory, Paul has spent too much time on his vanity project, sorry meant the amazing Trinidad deal and the focus from testing has slipped.

See posters are rolling out the old secret talks excuse again, maybe the NDA from a few months ago is still in place. Why people just cannot admit that the companies communication is poor and timescales are unreliable.

To be fair to nick there appears to be plenty of movement on mou 1 and 3. Nothing can be done through satellites about Paul moving the goalposts unexpectedly though.

Petermac did not say you are offering advice. You stated you trusted management and as this is a discussion board the question was asked what that trust is based on?

What is this trust in management based on?

The biggest risk here seems to be management's inability to deliver to timelines or to focus on getting results.

People telling others to sell seem to be getting their wish. Trust is a hard thing to build but easy to lose. Shareholders no matter how flippant can surely see this is damaging to perceptions of the company.

Labelled a mini troll by Sandy1965 for suggesting that Pauls timelines were unreliable, posts by others(absent today) questioning peoples mental capacity due to one line in a rns. Told to sell up if I didn't trust the board, some of the responses by this balanced board to criticism of Paul.

It's simply history repeating until Paul delivers on what he says he is going to do then believe nothing. Trinidad timelines the latest fairytale.

Lorna will be gutted that they have 400m of potential extra reservoir.

Ibiza28 they are not drilling anything, they are testing a well(s) that has already been completed.

Testing most likely did not start on the 16th, there was no movement on the well sites until the 17th to suggest any action, three or four days to set up and they hopefully started around the 21th.

People who have been here a while will know Pauls timelines are flexible. We will finish MOU2 no matter what probably the best example. It's still not finished.

400m deeper for the basement, wonder if the lakebeds or the Karoo are thicker than forecast?

Excellent response, the answer is no they did not. Anyone comparing the clownshow run by Michin with the current operation is clueless imo.

Did they lay out a reporting plan saying they were only going to report at TD?