Member Info for Ibiza28

Porters

If they bought the shares but where are the sells. They do not seem to he there.

I think i have asked this before but must admit it is well beyond my ken.

Yet again today we have had 1.1m buys reported on LSE and 22.2k sells. One out strips the other by 6 : 1 and yet SP does not move. Itsprd has been making the point of someone flipping the shares well this would give the impression they are.and there have been a number of other days similar to this in the last week or so. If i did not know better they have been issued out on a sale and return basis. But i am pretty sure i am going to be told that is not doable.

Someone explain how this is done in words of one syllable for my simple mind.

Would not be surprised if PG proves up Guercif and then exits.

Yes i would not be surprised if prove up Guercif and sell it on completely. PG leaving would not be a surprise. Having climbed everest climbing Scarfell would not be quite the same challenge quite frankly Guercif could be so big it will make any other site look like a mole hill.

Yes i think he would go knowing he had just hit the jackpot.

Been here a week up 25% and climbing.

I am afraid it is a fact of life "Some people are more equal than others" or in this case "Some entities are more equal than others" and if it was or is a group surrounding to echelons on Moroccan government or the king they well have made PG an offer he could not refuse.

I am getting more of a feeling it is somebody like this there seems to be no leak or anything here as to who or what is behind this and if it is a powerful body it would certainly help the SP significantly but still no inkling.

I would like it as well but does not mean I will get it. If this is an overseas company or entity we can bleat all we want and not get it The FCA is pretty toothless sometimes.

Gudin

That does rather put in prospective. If your numbers are right my hopes are completely out of reach then 2p per share would be good. But then i would hope that there were special elements to that deal that made it so cheap. Your picture is not quite the one being painted over here at Corrib South..

If you numbers are right then Corrib South is not worth the paper it is written on.

As i understand it there was a report issued about the dire state of the Irish energy crisis about a year i think it was now. I am thinking if that report was done or written my the Irish Department of Energy ie the equivalent of the Irish Civil Service and not necessarily by the the government of the day. I might be seen as being slightly more impartial and carry more weight and therefore possibly picked up by the new government and given more credence. So maybe just maybe we will not have to wait 3 months for anything to happen.

If we have received a farm out request then this happen much quicker. I am really not sure what amount we are talking about whether it be just a couple hundred mill dollars or 500 million pounds.

The lower end supports the current share price and then some and the other would get us close to £1 a share.

Good question what exactly is PG doing. Coming to three months from December and at the moment all we have are promises.

We have lost a CEO and gained a non Exec Director who has been from i gather in direct conflict with the Irish government before now from elsewhere. I am not sure if this is the right way of making friends and influencing people.

Mou 3 is in limbo we are not quite sure exactly where we are on this. Some think this is dead others think it is very much alive. We are waiting our turn for a swabbing machine. Why we do not or cannot get some sort of priority on this we do not know. We are led to believe this is because it is being used to clean up water wells but we have not heard anything official. We are led to believe everything will come good but we do not know how good or how long the good might be to get there. That is just Morocco so if we add in Ireland and TT then this post would be even more boring than it already is.

PG if you want to communicate now would be a very good time to do it. Preferably with good and positive news.

I am not surprised now we have a market down 8.7% but the buys are 1.5m to 0.05m sells. I wonder if there is some news coming much sooner than i anticipated. The problem i have no idea which way it might fall. Do the city know or is this just a beginning of the Tsunami that is coming to this share.

The MM's are playing the share price again. Market down 8.7% but buys out pacing sellers 1.05 million to .05m sellers. This is not share dumping but someone trying to force nervous people out.

The operational update will come i think next week in early December. It will cover TT and it will cover where we are and where we are not with Morocco and hopefully will touch upon anything with Ireland since the result of the GE will be known by then.

Rhwillcoll

Are you saying that sandjet worked really well and the gas flow is not now and issue. Where did this come from because we can only have gas flow if there is gas and the last i heard it was not flowing hence the swabbing so why have we not declared a find with gas and flow.

If Sandjet worked and we have flow so what is the problem.

My opinion is that we will not get an operational update on Mou 3 when it starts as the problems of not flowing were ever reported at the time other than an unpublished Pod cast given some respectability here by a poster who diligently went through it word by word.

So no official RNS update testing drilling of Mou 3 means on going work therefore when Swabbing arrives it means nothing new just on going works. Therefore no need to indicate to the Trolls that anything new is on.

Next real up date on Morocco could be any time December to end of Feb and will indicate whether we flow and do not flow. Mou 5 may well happen before or at same time.

If we hit it will be enormous if we do not then it will be run for the hills time. GLA

Call me dim but I do not understand this post. What we up 100 on

I do not often agree with Porters but on this occasion i do. It is time for PG to give us an update but with the Irish GE imminent it maybe that he is waiting until the result is known. I would also like to know from PG about the hold up in the swabbing equipment. We gather from Keith Oz that this may be down to that it is in demand to clean up the water in their wells. Not from PG just that we have it wait in line. I do not mind waiting in line I do it everyday talking to my bank or energy company or NHS but at least i get told how many are in front or how long the queue is. Also let us get confirmation as to what we expect to achieve with the swabbing equipment. Are we expecting or hoping to achieve the world of difference between the two words. Also would it the bare minimum of 3 / 4 mmcfgpd or would it 50 or more.

It really would be nice to get a full and proper update.

PG came over (a year/15 months ago) as all willing to communicate well now is the time to communicate and few down to earth facts would really help with out all the colouring.

Cybertron

The short answer to your question is of course it is one massive gamble. If everyone is honest on these boards all these O&G Exploration companies are gambles. Some more so than others. The question is really do you like the odds.

6p Share for

1) TT which has oil and is/will flow.

2) Ireland

3) Mou 3 ( pretty certain we have gas just not flowing yet.)

4) Mou 5 (Potentially massive. )

Current market cap £32m cureent downside probably about £30m upside possibly to the moon and back. yOU PAYS OUR

Question to those who work in the city or know.

Is the TR1 naming any party to purchase of shares obligatory at only 7.5% holding or is it just a nicety. If the latter than i can see it as conceivable that a group of business men ( from Morocco) might well want to keep their identity secret. Otherwise PG is treading on the wrong side of the FSA assuming Jersey law is the same as ours.

I think Notification came out on Thursday at 17.00 so if two working days then that technically to me is 17.00 today.

That should be fabulous occasion and one to savour enjoy look and remember it. I am sure the boys that fought in that terrible war will be looking on proudly.

I do not think we will hear. He could have identified on that RNS but did not and i guess that the person or persons want to remain anonymous and as the holding is less than 10% i do not think it needs reporting. But yes it would be nice to know.