Member Info for Ibiza28

I want to get peace and solve the war but i want a long term solution and not an interim one and that i fear is what would happen by this kow towing to Putin. Putin wants back the old soviet bloc and will do anything to get it. Yes NATO and Europe has expanded west when it may have said it would not but this would have been at the pushing of those countries who could see the Russian aggression on their door steps lived under the soviet system forced on the Yalta agreement where Roosevelt and Stalin basically by passed Chruchill and sliced up Europe like a piece of cake. DT is about to appease another Russian dictator for a short term peace and slice up Europe again.

What we find /discover could be very important to security of Europe energy supplies. Yesterdays performance in WH illustrates the gulf there is between Europe and the US and the present administration will not like Europe acting on its own in something it tried to sort out and failed, by the looks of it. I can see DT cutting off the energy supplies to Europe so PG the future of European energy could be in your hands and what you find over the next few months. No pressure. And Ireland i would suggest you start to seriously think about your own energy supplies. The world is moving forward at 100 mph and the brakes seem not to be working either.

That is one big drilling rig.😀

I have just added two more to my filter list. Will not name names as it only encourages them. One of them i think has only just appeared on here and so i looked up his history and found that he posts on five or six companies and they are all negative. Must admit i would not him as my investment manager as he has nothing positive to say about any of the companies he is supposedly involved in.

On a more serious note i am sure they and many other O&G companies are watching this with enormous both this side of the pond and the other. Recent geopolitical events are forcing this front and centre stage. My reckoning if we find anything that is remotely interesting they (the majors) are going to be flocking around this like bees to a honey jar..

I was thinking the same thing. Live in hope.

Imitation is sincerest form of flattery maybe but this Imitation of spuds69 is an absolute disgrace and should be called for it. IMO this is about as low as you can get.

Sorry F&M but this really is too enigmatic at this early in the morning.

Keith Many thanks for your informed even if corrected reply it answered a lot of questions even one or two that i was formulating but had not asked. It is always appreciated reading your to the point posts

Yes but when do we start swabbing i thought it was around now. Does anyone know and also how long would it take 3 or 4 days i heard but then how long till results and what happens after that assuming we get it to flow.

Obviously you are in the business of calling PG a liar I am not. He has stated there is gas there and that it will flow. You cannot get something to flow or someone to say it will flow if there is nothing to flow. Obviously just being disruptive. However i do have aproblem with the delay between spud of Mou3, the departure of LB ( the reason may or may become clear in due course. From this RNS PG has a lot skin in this game some of it paid and some not. So i am sure he wants it to work.

I think this is where PG has got it wrong. i think we should have swabbed Mou 3 much earlier. I am sure if we had pushed we could have got that swabbing unit earlier and even so would it be that difficult to import one sometime in the last 3 months.

If Mou 3 had flowed this would have de risked the share almost certainly for everyone here and if we had to raise then it would have been fewer shares at a higher price. My thinking is that Paul had this big investor in mind for some time mentioned some time ago and they had to do all their background checking and due dillegence on this and this 4.5p was their base line entry and for that reason he did not push harder for a swabbing unit.

Now is PG the Mesiah of all Geologists. IMO the answer is simple if he hits 5.9TCF plus He then the answer is yes if we miss he definitely is not but then he comes up somewhere in the middle then he is another on a list that hit something but it will not make his legacy.

This could be a legacy in the making or it just another "naughty" boy (Life of Brian). I know what i am hoping for.

Can we remember approximate dates and timings especially Mou 3 swabbing .

IJWT

I think we have typical argument between the financial business man investor /CEO and the entrepreneurial CEO.

The first would take an investment and find a way of making that established and then work from there. But if PG had done that revealed a few hundred BCF some years ago the rest of the industry would have cottoned on we would not have been allowed to discover what is really there by being taken over. Yes you would have made a £1 maybe even £2 a share on such a small total shareholding. But entrepreneur and let us face it all these small O&G companies are run by entrepreneurial gamblers (by and large) with other people money and PG wanted to be accretive with this. This has moved in the time i have been here from 1.8TCF to a potential 5.914TCF (too precise to just be pulled out of the air) plus Hellium.

The proof of the pudding is going to come in the eating and what PG finds or does not find. If he hits what he thinks we are going get then he will be a hero if he comes up a blank then he is not. But if you are investing in these companies you have to put aside the normal measurements are yardstick and no matter how much research you do (unless you are GRH with your own database) is unlikely realize this is all a gamble. Too some it is an educated gamble to others it is a gamble. And when you are dealing with entrepreneurs they risk takers.

Personally i am not happy with all the shares being issued but the recent ones i am viewing as a positive. EVA and warrants. The warrants were at a price above current levels and the SP has fallen to match the same MV as previously where as if the markets did not like it they would have taken the price down even lower. Also EVA coming in as i am sure you would agree is a very positive sign as these investment houses always ask what is my exit strategy and what return can i make. therefore they feel there downside 4.5p . Generally they do not take gambles they take informed business decisions.

There will be another 10m shares to be issued bring the number of shares up to 720m. I was hoping for 660m but the EVA investment is i believe positive. The proof of the pudding will come in about 4-6 weeks from now. The share will either be 4.5p or even £4.50 or any where in between or even higher.

Your judgement of Paul and our opinion is much going to ride on the results they always do.

Any chance that we might spud before the 3rd March. I was rather hoping we might start next week.

I do accept that ONHYM need to be kept informed but i think PG needs to state that informing us is required even if it is just to confirm a find but not quantify it yet to be a discovery. I also understand the need to get technical advice but again give us a bit of information with the knowledge more will follow. What i do not want is to wait three months before learning it does not flow. Like anything i want to be kept informed and not just disgarded,

I really hope that when we Spud that Paul remembers to communicate properly and fairly. When the testing is finished he tells us what has been found or not found. Please i do not want a situation like Mou 3 where we found gas and were not informed of it not flowing. I really think we should have been told it was not flowing a lot earlier and that we were going to try swabbing. (some on here myself included was not aware of swabbing and what it could do). I do not expect to get told flow rates immediately or even the quantity of gas found just that we have found it and is initially flowing and then later on he can come back with the amount and also any Helium if there and the relative flow rates and maybe later with any farm outs or buy outs etc. Do not leave the communication of information until the very last minute.

Correct me but I think this is old news now coming in.

You wait for a london bus and three could come at once. Unlike London buses when we can only travel on one at a time we can catch all three. GLA

We getting to the key dates very soon and i was hoping for a RNS last week giving us an idea of the key time lines over the next few weeks.

When do we Start swabbing Mou 3

What time lines on Mou 3 do we expect on results.

If it does not flow i expect to be told as soon as possible. At the same time i would also want to know that it has flowed. Sustainable flow rates would come at a later date as would any sales agreement with AG. Again an idea of the timeframe would be nice.

Mou5

Spud date

Length of time to drill

An idea that we have found gas and that it is flowing.

The flow rate and the amount found will probably need to wait for various reasons and factors but i ask PG not to ignore the shareholders by not releasing information. And before anyone shouts about it being price sensitive information that must be released but if it is not released it is not [price sensitive unless leaks into public domain.

I remain confident that we will a commercial find but not sure how much it is likely to be but i think it will be enough to take us north of 50p share reasonbly quickly. GLA.