Member Info for highlandmatt

I think there is another angle. PG stated that PRD gets all the revenue as the operator. PRD then apportions costs and revenue share. So it is possible that PRD pays the royalties, pays NABI, then splits what is left in the JV. I think folk forget that PRD is both the operator the share. Top line income to the Operator is different to free cash flow ultimately received, but both are correct for PRD.

I think the previous rises had more to do with the whole O&G sector rising with POO. However, POO is flat today but TXP seems to be reacting in UK to the strong close in Canada.

Looking good. Positive news from CR3 hook up leaking?

Did I miss the bit where it said how they would 'decarbonise' the gas? Or do they mean they will reduce the amount of power the pumping station uses?

I don't have Telegram. What does it say?

21c = 11.5p buy.

WeShop up 15%, larger volume trades than of late. US market sentiment returning or something else?

Https://investors.we.shop/news-and-events/press-releases/2026/03-10-2026-131129080

Interesting that WeShop state that they haven't done the major launch in USA yet...

Https://we.shop/news/weshop-launches-shopping-starts-here-promotional-campaign-in-the-uk-2/

Brent down but TXP buy price up to 11p now? That large trade might be a delayed sell that dragged us down earlier? Either that, or it has cleared any loose stock out.

For once I agree with Ross. Most O&G stocks are down 8-10% today. The 5% spread doesn't help.

Not true. Keith and I had a debate this morning about production numbers going forward. Not an argument, a very reasonable debate.

Hi Keith, I hope you are right, as that would be transformational for PRD and the SP. 500 bopd at $90 gets very interesting.

It might do, liveinhope, but I'm keeping expectations modest. If it surprises, great.

I think your predictions for increases might be optimistic. If NABI can add 100bopd every 6months and sustain it, I'll be happy. Snowcaps might initially come on at 500bopd, but will decline. 1000bopd sustained would be significant and hugely beneficial.

PRD has a farm out lined up already. I wonder if the value of that should now be higher?

Nothing. Just the Karamat is new and shallower. Makes sense to open up that play.

WTI at $90 means net profit to PRD of $1.5m per annum. Have we just become profitable excluding any exploration capex?

No, way before that. When we just had legacy oil.