Member Info for highlandmatt

Https://oilprice.com/Energy/Energy-General/The-Gas-Find-That-Could-Transform-Europes-Energy-Future.html

Reference to Rhein Graben later in article.

Https://oilprice.com/Energy/Energy-General/The-Gas-Find-That-Could-Transform-Europes-Energy-Future.html

Now, where have we heard the term 'fractured carbonate'?

Https://aberdeenminerals.com/news/news-releases/

Getting UK gov grant funding. Explo results are there to see as well.

I believe the plan would be to either hive off Morocco or more likely just the CNG operation (mou fan only) at this stage, not the whole company.

Thanks IJWT. I was thinking in terms of a selling price. So, if NPV is $847m (call it £650m), in your experience what would PE pay for that? 565m shares in issue, so £282m is 50p...

Is that after royalties, taxes etc? Although Morocco has a 10yr tax holiday.... it's almost like PG has worked all this out already....

Assuming CNG runs for 10 years, what is $150m a year of revenue worth? $300m / £250m?

There is gas there (entered MOU3), there is overpressure (measured), good poroperm numbers (sampled), high percentage clean methane (sampled). All proven. We are just arguing over the size of the resource, and questioning when PRD can extract it, and how much it will cost to get to that stage.

PoC - the market ascribes a value of £46m. Given all the well data analysis and commercial scoping, I'm not sure how you can say 'nothing proven'. And that is just Morocco - Ireland has an interested Farm-in partner (presumably not on the basis of nothing) and T&T is a confirmed discovery that has previously flowed. If sand jet fails they can sidetrack (see BCE) - fortunately this is onshore so not too expensive.

Steady on Bob, it's just opening the door in 18 months time (once testing successful, and construction is completed). The annual revenue will be much lower.

Thank you BRV. Lots of positives and big numbers in the presentation. Just waiting on a successful test in Morocco, but Ireland and T&T may surprise folks.

Yes, assuming 20mmcfd from each well, there is such a clear path to increased production and profitability. 1 well drilled, another drilling. B pad being accelerated.

In what basis? Maybe the opportunity is perceived fairly priced at the moment?

Upstream - what is the value of cash at bank? What are the future cash flows? When will they be received? Time / opportunity cost has a value.

Motion carried 80% !!!

40m fresh shares to crunch through. Nice to see it holding above 0.05.

Having encountered Jimmy on the Chariot board, I have no qualms about his motives, and welcome the technical and sceptical viewpoint.

0.055p paid, then 2 large sells. Churn almost done?

Copper over $4 now.

Tomorrow is the day.....fingers crossed shareholders prevail. Thanks to BigDouble stopping the BOD issuing more shares to themselves and their mates, we might have a chance.