Member Info for highlandmatt

Pipe down Nigel. You are sounding like a broken record now. Trust the management. If it is in the company's interest, they will do it. However, there was a clue in the last interview from PG - 'volume is more important than testing' (or words to that effect). Now why would someone with 40+ years of experience say that? Maybe they know what they are talking about? Maybe there are discussions in the background whereby the other parties are happy to proceed on Nutec analysis. Maybe PG and Lonny have determined the money is better spent on another drill to expand the Jurassic?

Any announcement has to be cleared with the ministry. Maybe they want to check the numbers?

It's not just 10%. SP up 30% last 5 days, and 87% last month. Decent returns.

My original calculation for legacy, coho, Casca initial production was £1.50. So with the small raise, around £1.40 seems fair. Nothing in for Royston.

Dolalb - that's a point previously raised (by GRH) which I've been pondering. I still can't think of a reason why PG wouldn't use SLR again - they've got the existing data, the familiarity, so would be quickest and cheapest. The only reason I can think of is someone wants another opinion. A bit like getting your own survey when you buy a house. A potential purchaser or the government?

There's a reason lighthouses moved from wood to iron to stone. The sea is a harsh environment.

Oily - you talk of Mou4 as not being a good result? Please explain.

Good point Nick. If it's not targeting the Moulouya Fan, would it be Mou5? Titan1 or Jura1 would be more appropriate.

Caution and realism is fine, we know we are not there yet. But it's good to discuss where we are going. It's like the family holiday in the car - excited to be going to the beach, but know we are still driving. 'Are we nearly there yet? I want an ice cream.'

Nick - Mou4 / Jurassic talked about 5:30-7 mins. Appraisal plan at 6:30.

https://youtu.be/thyYwq0VXTA

I'm an optimist, so I would pounce either now or after the next CPR (after Mou4, before Mou5). My feeling is that Mou5 would result in a massive increase in the Jurassic resource volume numbers, so increase the price by many times more than the cost of the well.

I think PG played a blinder by signalling in the interview that PRD is prepared to raise and drill Mou5. In my view, he has told potential suitors the clock is ticking, and the longer they wait, the more PRD proves up and the higher the price will be.

Boiler rooms ring you up to either sell you a share you've never heard of, or sell you a share they don't own. If you are on a BB you've heard of the company, and you don't buy via a BB. So, a flawed assertion on two counts. If you believe folk are overly positive, please outline why the potential numbers quoted are incorrect.

Agreed Peter. Folk are either misunderstanding or putting too much store in that being the final number.

It's not $200m per 40bcf. The example was $200m for the licence area, with a royalty above 40bcf. That was before two more successful wells. The price has gone up.

You can add - Not flow testing as they are afraid. Not released X number as it is poor and they have something to hide. Not answered my email, it must be a scam.

It's a two man team that is very busy, and doing a great job developing the acreage.

I view onshore as a separate venture. Will in be a good investment? The geology and Predator experience would suggest so. If the wells funded by the raise return hydrocarbons worth twice as much (or more), it's a good move.

Https://twitter.com/CamlMetals/status/1681597333723553792?t=O7z-Kc1nvQj036Ayzzw2Cg&s=19

FWIW - my views on your questions.

1. Unlikely, based on previous raises.

2. Already RNS'd - another well, appraisal, later this year. No planning beyond that.

3. Easy, what has a high confidence and is in the company interest.

4. Possibly, but mgt cannot tell you anything that is not in the public domain. So you might as well email the questions to PRD. If you want to set up a Discord channel for PRD to collate info and serve as a shareholders group, be my guest.

If the info is available, we might be able to answer your questions. If it isn't, we can't. If the info isn't available, it is likely either because it doesn't exist, needs verification/ refinement, or PG has decided it is not in the best interests of the company and shareholders to publish it at this time.

I don't think there is some big conspiracy to unreasonably withhold information, but you seem to think there is. So for the benefit of all shareholders, it would be good if you could tell us what critical info is not being shared with us currently, so we can judge if we think we are being disadvantaged or not.

MEM - 'coming weeks' could be up to 10, so it could be late August. I'm trying not to get too excited and to expect it when it happens. There's always the risk folks expect it too soon and are disappointed.