Member Info for Ibiza28

MEM

I think you are right and i was going to post something but will now leave it till we get news and only then if relevant.

GLA

Seriously are they saying 5.9 tcf plus He is only worth £1.50 per share Somebody pulling my chain.

I think the 5.9 tcf was net to prd and not gross. I always think these are terribly conservative but the companies are always so optimistic.Caught between a rock and a place.

I think the 5.9 tcf was net to prd and not gross. I always think these are terribly conservative but the companies are always so optimistic.Caught between a rock and a place.

I apologize if i have got the wrong Oak Securities but i came across this on their website. I was wondering if their might be any other reason to be coming over to England in week 9 of testing when according to PG we are fully funded.

Zac Philips

Oil & Gas Research

Zac Phillips has over 25 years of experience in oil & gas and finance, working for companies such as BP, Chevron, DB Petroleum, Merrill Lynch and ING Barings, where he undertook finance or finance-related roles.

His extensive oil & gas financial and technical experience has meant that he is a leading expert in the valuation of E&P assets at all stages of the E&P cycle, from exploration, appraisal and development, through to producing and late-stage development/redevelopment, as well as decommissioning.

So i ask could it be that he is coming over to get this fully evaluated so that it is acceptable within the whole field of Oil giants.

As you rightly say the picture is changing all the time and now we may have He in the mix and also oil it could be much bigger but first we must find it.

One question assuming thar Mou 5 is successful would the SP be greater in short term through M&A or through a farm out

I think farm out might be greater in long run..

This is the first tree shake since SP dropped below 10p. A few people taking out a bit of from small investments. When this shake is over SP will move up considerably with new buyers.

I have no idea what the SP u likely to be because u have no idea how He there really is. Personally I am hoping for 50mmcfgpd out of Mou 3 and something around a£1 per share. If fists predictions if mou5 are any where near accurate that would around £20per share that is with 5.9. Tcf no oil and no He. add these into the mix then quire frankly that could look like small change The numbers starting to look too high to even consider if you asked m year ago I would happy with £10 per share and I still would be but now if someone were to £100 per share I would ranked deep breath and say why not Fantastic but not impossible

Is this estimated on top of the TCF estimated earlier 6tcf at £4 a share pee tcf now another £14 zbd that us without any oil.

Do we get results for mou3. Before we start on 5 or are we starting on 5 already All very exciting but if this were a Devon or cornish tea this He would not be the creambon top if the jam but the cherry on top of that. All very well and very exciting but I would like to know how big the scone is.Are we talking a real big scone or a small Tesco scone at the moment we have no idea but being promised the cherry but where is the substance.

I have been at Labsdown. They think we might merge see no advantage in this for us. Even think having Baldy as NEC not good fir Irish affairs like waving acred rag to a Bull. Do not think suing anyone forv100n usd is good for public relations.. this appointment does not7 make sense to me.

We need NEC who and understand the city and MA on big scales not another geogoligist

I agree we are in a very strong position probably but but as I understand it He is mainly Mou 5. Very useful for uncovering potential value there but will have little difference Mou 3 so let's get those results do deal with AG if that is still the plan. Not so sure now and then size Mou 5. Dsmgrr of mixing up priorities and falling between two stools.

Agreed we cannot test and check forever. V few things are 100pc precise and accurate. Just maximise the value we have move on. Mou3 Is small in comparison to 5. Don't hold up 3 results almost 8 weeks in. Would hope to hear this Mondsy or Tuesdsy.

OK I posed this a little while ago but was thinking of something else but could we reverse into LGOP not just for Irish interests but also to run Morrocco. Value might be greater but longer to arrive.

I must have missed something being away at moment but what farm in partner I have seen anything on this.

How would PE help us the little -shareholder it will be a low price to maximise profit for members of buy out.

Many thanks Keith very illuminating. If I understand if we drill 17 Wells and each averaged 5mmcfgpd we would have a flow of 85mmcfgpd is that correct assuming one reservoir. Will do me

I think 5 will be massive and I think could be easier to drill than 3 the could be spent in getting it appraised. Regards results mow we are awaiting full testing results and I think prevented from saying anything till approval given. A bit like tsking an exam you know you have passed but useless until the full approval given.

Yes must do just re read RNS it seems there will be a gap between the two dolls. I thought they might roll on from each other. We need the find I get the impression to validate entry to 5.