Member Info for highlandmatt

Assuming netbacks of $30 and 3,500 bopd, payback on $15m is around 6 months.

No debt means no finance costs. Reduces outgoings and need for placings to fund G&A. The declared intention post drill and testing is that a CNG plant will be leased and a corporate activity considered. I wonder whether the planned CPR for the Trinidad acquisition will feature Reserves, opening up Reserve Based Lending? There is also a possibility that a percentage will be immediately spun out to TXP. Say 33% for $3m cash?

Ruvuma income is spread over years.
He1 might well have been sold by now.

GRH is referring to himself, just a Random Old Boy (ROB).

Hi Sefton. I am assuming that PRD is privy to all sorts of info we are not. What is immediately known is it is in the Herrera fairway, and has produced oil in quantity before. Next to the Barrackpore field that has produced oil and gas for decades, in line with Shell's Central Block that has produced gas, and on trend with Touchstone's Royston discovery. I'm in work so can't look up the TXP presentations right now, but would encourage PRD shareholders to do so. I am hoping that PRD has discussed this with TXP. $3m staged may prove a bargain. I am curious as to why you think it is a poor deal.

It's in the Herrara fairway, so odds are good. Being the shallower end, drill costs and risks should be lower.

Oh, flipping autocorrect again. Sorry Dunder.

Don't be shy Dundee. Tell us what you really think.

What is interesting is that both parties are happy to value the 5% stake at a higher value than originally paid. Positive progress being made behind the scenes?

A realist? We've got 2 blokes running multiple projects on 3 continents, including having to work with CEG and the Irish government, and shipping stuff that's in demand from multiple jurisdictions, and doing it all as cheaply as possible, and you are complaining about a few delays?!

I found PRD thanks to Malcy.

My thinking is placing shares will churn at 5.5p, so the natural spread would be 5.5 - 5.7. So anything around 5.7 is par. If you can get in lower, well done. Looking for double digits.

Royston - is that a new well planned? No mention of sidetrack.

Er, 'GGL provided £80k of support to EAG'. Looks like the BOD now using GGL (and probably EAG) to pay Gneiss instead? I suppose at least it cuts the Scirocco share of the expense by half.

Did anyone go?

I'm going to raid other parts of my portfolio to top up. Things will look very different in six months time.

No Christmas present

Well that's a kick in the teeth.

So, a third of the targeted 200 would be 66mmcfd. Coho and Casca initial volumes. A read across would be £250m. Over a pound per share. Getting closer to being online every day.

I wonder whether it might be better coming from the industry representative body though. More evidence, shared costs, less focus on particular companies.