Member Info for highlandmatt

Right now, we don't know exactly what Mou5 hit. But let's face facts, if it hasn't hit commercial hydrocarbons, but has pointed the way to a structure that is tens of square kilometres, then at less than $3m a well, then it's not a disaster.

However, there is a licence condition requiring 3D seismic, and PG has decided that it is best to farm that out. I suspect he wants something from Ireland, T&T and Mou3 before negotiating.

I'm not sure I buy the data collection, discrete PG theory. PG was touting it as the biggest drill of the year. Now, it might have produced some useful geological data, but that was not the main aim.

Language.

The Company has also been approached by several companies regarding its gas assets in Morocco, but at this time the Company wishes to defer entering into any substantive negotiations until it has advanced a Field Development Plan, believing that this will underpin valuations. (p23)

Vultures wanting a cheap deal, or earnest suitors? Either way, good to see interest.

Don't forget Trinidad.

If you know the salt is there, I am assuming it is a basic error if you have ignored it. If you don't know the salt is there, then I'm not sure how you can be expected to take it in to account? Maybe someone with industry experience can enlighten us? In any event, the advantage of onshore, is that another drill is not expensive.

Maybe my prediction will come true? ;p

RNS 7am tomorrow announcing analysis of Mou5 well data shows 80m of 20% poroperm 80% gas saturation over a 180km2 area, adding up to 2TCF.

RNS 7.30am tomorrow confirming that Exxon has agreed to farm-in to 25% for $100m upfront, $10m in back costs, and giving PRD a free carry to production.

RNS 8am tomorrow confirming Irish government has issued a successor licence for Corrib South and CPPI / Vermillion has agreed to farm in for $10m upfront for 51%, granting a free carry to production.

RNS 8.30am tomorrow confirming the wax treatment has worked in T&T and production is up to 1,000bopd.

RNS 9am tomorrow confirming Irish government has decided to rent an FSRU from PRD, paying a $10m mobilisation fee, and hefty transit fees.

RNS 9.30am tomorrow from PRD accepting a formal apology from the FCA, along with a substantial ex gratia payment.

Thursday - Mou3 perforated and flows free gas

Friday - AG agrees to buy gas upfront, and fund CNG operation.

Monday - PRD shares suspended due to multiple unsolicited offers to buy the entire share capital.

Tuesday - Auction of majors and supermajors, conducted by PG.

Wednesday - PG paraded in sedan chair through the Square Mile

Thursday - Peel Hunt announces several senior execs resign 'to spend more time with their families'.

Yes, I've finally filtered. I try not to, as I want to hear all viewpoints. However, the willingness to argue black is white and insistence that all is always doom and gloom mean it's not a reasoned debate.

What the hell is that all about? O trades, so not algorithms. Someone not paying to trade?

You are forgetting Ireland could shortly provide cash equal to the market cap.

Bought for $32m, sold for $35m, having taken the income for a couple of years. Not bad, and as has been highlighted, reduces the debt, which will have its costs.

For those that believe in these things - an RNS to come? Or a late predictor of the one this morning?

Here's some more data, focussing on various percentages rather than numbers.

https://ourworldindata.org/smoking

Not sure how accurate this is, but the numbers are huge....

https://x.com/Rainmaker1973/status/1912423813893026120

20bcf is the shallow sands in Mou3. The helium is in Mou5.

Definitely some buying pressure. Bid is up to 2.3 from 2.1 yesterday. Buys hitting the full ask of 2.4. Bargain hunting, oversold, something in the offing, or all three?

Or includes shareholders that have a declared combined 13% of the company. Some discord members have not declared their holdings.

Took me a little while to work out the narrator was saying 'cement'. The vid had a whole different meaning for a few seconds.

The structure is still there....

Bold, you stated there was no gas in any well. Fordy pointed out Mou3. You have then focussed on Mou5. This looks like wishing to perpetuate an argument rather than a reasoned discussion.