Member Info for Ibiza28

I would think this might be covered from a number of different ways.

If Mou 3 fails because we did not penetrate would be different from Mou 3 failing because we did penetrate but there was no gas. ie all the lights were on but no one at home. IMV this really would be a problem. but this does not mean there is no gas as Mou 5.

T&T should cover much of my downside.once things have settled down on he massive sell off that would happen.

Ireland will comfortably cover the buy in price even for those who came in pre raise at 20p in time.

Then we Morocco. Now i am no Geologist so look to those who i think do know. other than the directors who seem to know a lot or foreseen a lot.

So unlike many of these life style shares this is not a one trick pony, It is a very big Daddy bear, a Mother Bear and a at the moment little baby bear but as with many bears it has the ability to grow fairly big.

So take you pick either in or out us on this board by now know the ones to watch and listen too or we want to listen too. I am comfortable with what i have in and if it comes off it will cover all the loses on all the other shares i have been in

either failed or in my view got conned out of my money.

What the SP is now is irrelevant what is relevant is what the SP is by this time in September. Could and should be very different.

If you are in fine but please just leave us alone on here we do not need you on here playing the Ghost of Xmas future especially in the middle of summer.

Bold

How do you know they are just pure rampers and not people who seriously believe in this share. A lot of them seem to have either a lot of knowledge for have gleaned a lot of knowledge.

At the moment nothing has thoroughly failed. Yes trying to get through Mou 3 with perforation testing did not work but does not mean that SJ will not work. These shares are a gamble if you in are in for the gamble. If this comes off it will come big if it fails there there is still possibility of Ireland coming through and maybe even T&T. ireland is now looking (IMO) more likely every day from i have read through google.

As regards T&T i still hold my view that T&T is or will be very shortly worth the value of the shares as they stand at the moment and yes at this moment i under water on these shares but my time line is not now nor is it next week or next month it is whenever these results come out. At which point i will evaluate on how to de risk before Mou 5 if at all.

So to sum up Personally i am in for an average in various places of around 11.5p. My view is that T& T will in time prove to be worth at least 10p in short to medium term. I believe we are due some sort of report on T&T in near future and that will give us better clarity on this part of our assets.

Ireland - the Greens seem to have taken a hit throughout Europe politically. There are well known shortages in Ireland and we are one of just two providers and it seems as if PG is playing a very cool long slow hand on this one. In time the Irish government will come on board. My view is that when this happens we are a £1 a share or there abouts.

Finally we have Morocco and namely Mou 3 and Mou 5 and the big debate.

Is the formation damage in Mou 3 either unbreakable or will it just spill everywhere if we do. Hence as i see it the use of sand jet. Just like i had done on my teeth a number of years ago high pressure water to wear them down to hang crowns on them. Water at a very high pressure and directly focused has amazing capacity. If Mou 3 works and I believe it will then Mou 5 (testing is a given). If Mou 3 fails then Mou 5 timing might well become finance dependent. Personally i would not be surprised if PG has actually already investigated this angle....mtf

To Raise or not to Raise that is the question.

I think this is relatively simple and your view on investing in this share now depends IMO on one question.

If we strike enough for a CNG sell on there will be no raise as the sell on will pay for any future drilling and at the same time de risk the share completely.

If we do not hit CNG either at all or non commercially then there will be not sell on and yes it is very possible there will be a raise and very possibly at a far lower price than now because failure would very possibly mean a big sell off of these shares.

Quite frankly you take your pick if you do not believe we will strike for CNG stay out until all is confirmed. If you do believe stay in this is the original risk reward share in spades.

I am in as i believe we will hit and there will be no need or a raise. This share will be multiples of it s current SP in a relatively short period of time beyond that it could go even higher. But before i hang on to my shares i am hoping that PG is good to his word about monetizing this share hopefully through Special Dividend and that would completely de risk Mou 5 for me at least and i would reckon a lot of others on here.

Raise or not to Raise / in or out your decision.

It is not often i tend to agree with AV in fact probably never but on this occasion I think he might be right. Let us leave the day dreaming behind as that i think is too far ahead of us either in terms of time or in terms of quantity.

But having said all of that i would settle for £100 per share ie something like 10 TCF. We should be so lucky. The problem is i do not think 10 TCF is just going to come flying out of the ground saying come and catch me.

However if we find smelly sister i would not be at all surprised if either in same bedroom or separate rooms we find her dirty sticky brother. Then we might get to £10 a lot sooner. Who knows i know i do not.

Camarco and PRD and the future.

I tend to agree with GRH on this appointment of Camarco i this is a very bright move. We have been complaining for ages at the lack of clarity in the company communications with us the shareholders.. My iniitial thoughts were that that this was PG and Lonny listening to us and hiring a proper PR firm.

It might just be that is all it is but it might also be PG looking into the future. Now i have been re visiting the RNS was was drown to the next part of the post that i think it was CCC quoted

Based on an anticipated dry gas reservoir, development costs are expected to be significantly reduced given the short length of new pipeline, 2.3 kilometres, necessary to connect to existing MGPL infrastructure with significant spare throughput capacity.

· For the purposes of verifying the costs to construct a tie-in pipeline from the MOU-5 well location to the MGPL, the Company is planning a desk-top and site study based on pipeline capacities of 100, 300 and 500 million cf/day.

For fear of making 2+2 add up to 25 is it possible that if we do strike as anticipated by PG that instead of selling on we start to produce and market on our own gas.

If this were to happen it would change the whole ball park instead of being a small O&G company explore, prove up and sell on to next project we effectively in one fell swoop turn into a Medium sized O&G [production company with a share that one would want to maintain in any portfolio.

If that is the case then Camarco suddenly become a very important part of this picture

Any thoughts

.

Honestly if i knew the answer to that question we would be millionaires. I have no idea if they are going to hit oil or gas or both. No one on here does for certain. There is risk there are COS as in any of these shares. All i can say is that the potential upside on this share is enormous and there is more than string to this bow as well.

Personally i am in and feel pretty comfortable with what i hold. But do your own research and reach your own conclusions if you like you buy if you do not stay well clear.

The bold i can understand your anger especially with the melt down that is going on at Char at the moment. And to make things worse some people seem to have seen this coming but seriously is it necessary to blame this board for that.

We have our own investment here it is not Char and personally never really thought of it as competition.

The problem with these shares no matter how much research you do they are a gamble.and with all gambles you need to swallow your loses and move forward.

I can understand your angst having read some of your posts on Char this morning but please leave us folk out of it. In time we will find out if we are right or we have got this wrong but if it does go wrong i am not going to be turning round and blaming another group of shareholders for it. I will have to suck up and take it and move on.

As far as i see it there is no clock. There is no race. We have the oil it is not going anywhere (at least as i am aware) and this share will continue to go up and down and be played. Yes certain RNS's (if they are positive) will cause a short term rise but then it will fall back. Because this is such a protracted affair no one believes anything until it has happened. This share will only find its true value (what ever that is) when we are extracting oil and have sold it to China and have the money in our bank. And we are doing doing that week in week out. This prolonging of the process for a company that is perceived to be Mongolian does not do Mongolia any favours. So seeing is believing but this share will rise but i do not think it will be a sharp rise but a slow gradual climb and hopefully by end of Summer we will be around 20p but i am not predicting or expecting it just hoping. GLA

OMG I have not had such a good laugh this morning as AV "RNS full of Waffle" comment.

Fabulous comment from a complete moron.

Listen i am no expert on O&G exploration companies but to say this share is heavily diluted is IMO daft.

CEG 10.5bn

88E 25bn

Sou 2bn

Chariot 1.2bn

Admittedly SDX 203m

IMO this share is not overly diluted. Have this testing taken longer than expected yes but get this far on just 570m shares is why it is such great value imo.

WOS i tend to agree there should be a lot of incoming RNS's and would really expect the DQE deal at the forefront of them all. I would hope that will arrive this morning or tomorrow at latest if it is delayed much longer it may look as if DQE are starting to get cold feet. I do not see any sell on till Mongolia gets its refinery open.

So i say hurry up with refinery get Heron permit and prove that up and then sell on for £ on the share.

So here is proof of what i said. Another placement coming up another 25bn shares (certainly at this price) to get anything like enough to pay salaries and maintain lifestyles and pretend to be exploring for oil. Not me that is for sure.

Here are my thoughts regarding the need to have another placement to pay for the drills. This is because there has been something like 10/11 months since the last raise and the time erodes money and the overheads erode money.

However there is one factor that i think everyone has over looked and that TT. I think the assumption is that because nothing happened with CEG/Bahamas around nothing is happening now. It is now over 6 months since we took complete control and it would not be a surprise to me if we find that the overhead bill for the company which i do not think is that high could well get paid for from this. If that were happening then the drill placement money would mostly still be intact. At some point soon i have a feeling that we are going to find out. And if a CEO goes out like Lonny did yesterday in a way that i have never heard before whether it be in an official capacity or a personal one and do not worry PG knew exactly what Lonnie was going to say and i reckon has his 100% approval.. Good times are coming just not next week. GLA

I thought he had mentioned another African country but i got called up on it and could not find or must admit did not really bother to look for exactly which one. As you say if Morocco comes through some of that money would go toward testing the Jurassic another part to the West African country and then rest returned to us by way of a dividend. Now that would be good and as someone on here suggested this could be a completely different company in the relatively near future. Might be one of those companies where you de risk but then keep the rest of the shares for a holder.

This share is so diluted it makes water seem thick by comparison. Quite frankly we need a miracle to shift this share to almost anything now. Unfortunately my shares are now effectively confetti paper as trading costs take up all the little bit of cash value the shares may have. I really must learn to avoid companies run by Aussies they seem to have their own sets of standards and have no problem with a massive dilution of the share. It was the same with CEG. Fortunately i am not in for very much. I feel for those who have been in here for ages and just seen any value evaporate out of the share.

I think it might be a lot sooner than that.

I think he would like to see all the drills and testing down at one time with no one in a rush to get the drill away. Let us prove up and test all the various sites in one go and add the value all in one go and not piece meal.

Yes Jarv v good but no numbers.Gacexwe got anything from this yet financially yet could be very useful when discussing with DQE.

Interstesting that MB not put any numbers for Sunstreepe yet.DQE deal and number of Wells plus daily production estimated and then when we start production this share will really move a marker cap ofc44m is not touching the sides imo.

Are you just ramping the share having bought in or do you really believe we have a partner around the corner what is your source other than a crystal ball.