Member Info for Ibiza28

If that is the case it would appear as if testing is still on going so unlikely to be news on Monday.

I agree this share could close on 13.5p one day and open the next at £1.35 the news could be that good or even better. I think the ITR was deliberately under played and my expectations are in line with Recent RNS's of cautious excitement might be the best description.

I have to say that if anybody is going to Leak they had better get on with it and do it because there is no sign of it at the moment and i reckon on results by Tuesday i feel. As far i can tell it is logical in the new order. It appears although we have not been officially told Phase 1 testing and phase 2 testing have been merged very possibly to prove up the connectivity. if that is the case and assuming the phase 2 testing has the same time line as before then i would that that testing would be complete around about now. So a full results package early next week I think is a strong possibility.

Am not sure why everyone seems to be talking WE as in the UK and its attitude to fossil fuels. We maybe a british based company with largely British based share holders but that this where that ends. Our assets and our drilling are in Morocco or Trinidad or Ireland and not the UK and i am sure if the banks get involved with funding it will be on a far different level that raising a few miserable pounds for a hell of a lot of shares as we have found gas and this will prove up what we have in a few days. What the attitude to O&G here bears no relationship to what it is in Morocco. Let them decide and that the PM has put in big foot into our muddy pool I reckon there will not be too much trouble on that front at least from the MG.

Be patient another couple of days i reckon Monday or Tuesday of next week will find out how big a set of doors we have blown off. I have a feeling this is going to surprise a lot of us on here.

I already have took the slight hit and moved over and now expecting the real there and when that happens i may come back in. I still hold a decent holding but not as much as before.

Tomorrow as i almost certainly do not need to remind people is Valentine's day and i know that a lot of people have been having a strong relationship with PRD in that time so if the RNS drops tomorrow showing that finally after all these years for some and just a few months for me this relationship has been consummated. I would suggest that you let your other halves know very quickly what is going on otherwise you walking around with a smug smile on your face is not going to go down too well. It would not suprise if PG decides Feb 14 would be a good day to release some good results.

If however it does not come tomorrow i would return to my earlier hypothesis and that is we really did hit pay dirt and more and PG is just tying up the loose ends regards the agreement Mou with AG and also trying to talk to ONHYM regarding release of a discovery and obtaining and exploitation license. I would suggest that this might need the whole weekend So Monday or Tuesday of next week would be my dates and maybe a lot more than just one RNS. GLA

To me the company gave a very clear indication that things were going well with the testing by renewing the contract rigless testing for an extended period.

I mean if things were not going well i would have thought they would (e PG and Lonny) would have taken stock of where they were to identify if they had completely misread the seismology or the kit was not i right place before blindly committing another drill.

Put another way if you had a major presentation opon which your employment future depended on it would be you a rail travelcard or wait until you heard whether or not it went well. I think the company know this has done its jjob. so no need to worry about misreading info or stats. So renew contract lease.

IJT

I take your point and i was not suggesting sitting on this for very long but maybe just a day or two longer. I was working on principle that an agreement with AG has been basically decided and may naively hoping it would be just a matter of topping and tailing this for just this site and then sign another one for the next site etc rather than wait till the very end before an agreement is signed because then if we have hit targets this will become a very hot ticket and the black knights could be out in force

I was assuming two or three agreements with AG signed with deposit as we go through. Probably naive.

Kieth

If we are playing what if's and i do not discount it for a moment. Would we get the RNS this week then.

If Mou 3 exceeded all expectation and we re entered Mou s earlier than expected and found what it was looking for.(and am not sure if allowed extended the drilling there by a day or two.) would we hear by RNS this soon.

If PG is worried by a hostile take over one way round that would be get the sales agreement with AG signed up now and possibly even the exploitation license.

So if we get news tomorrow or Wednesday (Valentines day) then i think it was just Mou 3 and early delve back into Mou 2 but if now news this week very possible your scenario with the added part of the sales agreement with AG done and dusted.

Just surmising.

I was reminded of this share when a friend of mine texted me about the rugby over the weekend. His theory is that the "The quality of the game runs in inverse proportion to the hype and razzmatz that runs before hand. " So the more you build up the game the less good game is and vice versa.

The hype on this share has not been over blown it has infact been very down played. That last ITR if it had been an official document it could be described as having been heavily redacted and was hardly recognisable my many.

So you do not hype something if you know it is going to be good you hype in the hope that it might be good. ( I have been sold that one and bought) but this time i think i have the real macoy.

To use another favoured expression given to me some years ago about a car "It would not pull the skin off a rice pudding" well at the moment this share is not pulling the skin off a rice pudding." but it is going to build up to a big explosion sometime over the next 6-8 months in my reckoning.

Questions have been asked about the finding and the new rigless contract. I ask the question the other way round. Why would you sign for a new extended time on rigless machine (even if fully funded) if current drilling was not doing its business. No i think this PG's way of reassuring us that things are going according to plan and that is not this heavily redacted ITR but the original RNS upon which it was based. I am in and i am staying in and PG will make sure that all of us with the faith will be nicely rewarded that will completely de risk the share (comfortably) not from the GRH 1.5p but i believe the 20p that i reckon many on here got caught up with just before the last raise. Fortunately i got in well after and that in time this share will blow lot more than a few doors off. PG will make it worth our while by de risking all our shares several times over without having to sell a single share with a special dividend. I am hoping for an announcement in March and hopefully a special dividend in early April around the time tha the new testing starts. No one will leave and everyone will be clamouring to get on board. How will you know it is hurting those who could not get back on board at last minute. It will come in the form of screaming foul play and illegal in a desperate act of making people to sell their shares. It should be great fun to watch from the inside out so to speak.

Does anyone know if the shares in issue include the 4 lots of 1.25m as indicated in RNS at beginning of November.

Passengers

They taking a long time to get on board.

Keith

Do not keep us in suspense so what did you discover.

Agree with you very worrying times. Only thing is we have no idea yet what the Evergrande liquidation will to Chinese economy or America and and whole US gazes at its own naval there is a void and the world do. like voids as something woo come in and fill it

No sorry about the confusion but i do expect one or two will take a position and if the names are known and respected then anything could happen to this share.

Over the next few weeks i would not be too surprised if one or two people did not take a position. If they come from respected sources it could have an incredible effect of SP.

Also i was wandering if the ITR was not deliberately played down because if we do have a major discovery on our hands we do not want to paying what i believe is £1m for announcing as such. Unless i have misunderstood that. Best to leave that until we are absolutely certain and no chance of avoiding it then someone else would effectively pay it on our behalf.

I would not be surprised if by the end of the first half year we have tested up what we want to test up in Morocco and have sold that on to Africa Gas and also sold on our interest in Ireland. We will keep running with Trinidad and any other projects that PG has in stored and effectively start again but this time fully funded because he will keep a chunk in change. On the other hand he may well keep a bit of interest in Morocco for the cash flow. Could be very interesting come end of June/ July.

Wis yes still have a holding just reduced the number slightly.

My suspicion is that the numbers are very conservative. The report was not going to put their reputation on the line predicting the size that this will become. A closer analysis by those that know will give us more imput but i always felt this would report would be down playing its potential this is i think the true tip of the iceberg.

I do not think the fall in SP (such as it is) has anything to do with whether we will start testing on time but more the fact there some on here who put their money on this share in the hope it will go up by now take a return and pay off their tax bill so instead they have taken probably a hit and had to find money else where to pay tax bill. Generally payment from brokers takes 5 days to clear so 24th January 5 days 26th and 27 weekends so clearance 29th January payment date by 31St January. Just enough time. So very possibly nothing to do with PG and his communications skills.