Member Info for highlandmatt

Must remember

1. Read research.

2. Look at market cap, not share price or percentage profit.

3. Reread research.

4. Sit on hands.

Thanks BRV. Realised I'm already following you. One of the select group of 2?! 😉

BRV - what is your twitter handle, please?

I wouldn't be surprised if each of planning the testing, refining quotes, approvals from the ministry all take a couple of weeks, and we don't start until August. Remember this is a tiny team watching the (our) pennies, not BP.

Yes, avoid companies that spend shareholder's money on wages, but without doing anything. That is not an accusation that can be levelled at PG and Lonny with any credibility. The amount of drilling is highly impressive for a micro company.

Welcome Nounours. Google is your friend. The more you read, the more you will understand. There are several excellent posters on here with very relevant experience and qualifications. Keith, Caterham, Jimmy et al. Ask questions, we are a friendly bunch really.

Mou 2 might be a cheap way of adding contingency? Not on the critical path at the moment though.

Yep. Called him thuggish, a prick and a bully. And then accused PRD of raising repeatedly on false pretences. I ignore him, but feel Lonny has the right to know what is being thrown around and be given the means to defend himself.

I hope TW has a good lawyer. I've sent a screenshot to Lonny, just in case it might be needed.

My point being that other companies do not release the raw data, so why should PRD?

What is this obsession with wanting all the raw technical data released asap? For example I hold TXP, which is a highly successful explorer, and I do not recall anything more than depths and net pay released, until flow rates from testing are available. And no-one jumped up and down claiming a cover up. The BOD will release what they see fit, when they can. Trust them.

Thank you for the explanation Jimmy. Every day is a school day, and as has been said before, I feel like I've had a 3 year foundation course in O&G geology 🙂

Hi Jimmy,

Daft question if I may? If the same sands are found in different wells, that would imply connectivity? It was my understanding (maybe wrong), that the flow rate calculations are based on a reservoir. So if 3 wells hit the same reservoir, that improves the area, but not necessarily the thickness? So you wouldn't add the net pay together? E.g. well 1 finds 10m, well 2 20m, well 3 30m, you might say the reservoir has an average of 20m, not 60m?

Apologies I am away from home at the moment, so haven't had a chance to put a sheet together mapping all the different drills and sands as yet.

Even just mathematically, the maximum gain / movement short is 100%. Whereas share prices can gain more than 100%, as seen here.

It's not just the target price increase which is significant. It's including a resource estimate for the Jurassic. And that is just from one well at the edge. Remember Mou1 CPR numbers and what has subsequently been found.

Lots 😁

I had to pay 11.4p.

Voices of caution are fine. It's the assertions that info isn't available (when it is), that the company should release something (that not many do), that because it's not in the last RNS this is somehow a red flag, or that the company is keeping info from shareholders by not answering every question sent to them (when it is a 2 man team that is very busy delivering a multiwell program) that irks.

MEM - Yes, I forgot we will need that analysis from Nutech as well. I'm quite comfortable with PRD taking the time to properly plan a 3 well testing program that will target multiple horizons and probably cost over £1m (from raise RNSs).

Hear hear!