Member Info for Ibiza28

Someone tell me how the share goes up 3.7% on one purchase of 3.5k shares. There just seems to be absolutely not logics the SP just hope when the time comes it is either not illogical or it is i catch it the right time of being completely illogical.

I love the analogy it is one that had not crossed my mind but i think very apt. And when you get intelligent posts like this one and others by KO and recently BDT you know they are good when the trolls start to roll out afterwards.

Oh this is disappointing just as i was about to post that the number of green boxes after certain moves on an individual yesterday meant that I was down to 1 Green box for today low and behold another one just pops up. But suddenly the BB for today at least has become far more readable, pallatable and dare say much more knowledgeable. Thanks to BDT and KO and others for their measured and informative input.

Hopefully by now talks with an interested party and i would reckon will go on till around 19th December and break for xmas and then re-convene about two weeks later in week beginning 5th Jan. I would hope that the initial talks are taking place in Morocco where i assume the data room is kept and also so that the people involved can check the site themselves and possibly talk to ONHYM as well if need be. The can also see for themselves how close the Gas infrastructure rathe thank just take our word for it.

Going into set of negotiations the seller has an idea of the price he is wanting probably as a minimum and the buyer obviously wants to get everything for nothing. So with that said and assuming PG is going by his own web pages under Morocco.

Shallow Biogencic gas 64BCF 1c 83BCF 2c

Titanosaurus Mou 5

Gas 2124 BCF 1P 4437 BCF 2P

Helium 2.43 BCF 1P 57 BCF

An independent Scorpian report is showing Helum potential in place at 104.31 to 598.88BCF.

If PG were to just value the first 1p what sort of Market Cap would he have on this sale. and i am assuming we talking about selling Morocco may with a stipe end maybe in its entirety. But what price would you think is his starting point. As i am sure he must have some thoughts on it. Where is his line the sand so to speak.

I think this licence issue is a non Story.

If PG has got people talking about divesting to them. I would reckon the first bit of due diligence that Paul would have made sure of and prospective buyer would check is the successor licence or extension otherwise they would not turn up. Now i know a lot of trolls on here do not rate PG that highly but even they, i doubt, is so stupid as to try and sell something he is not likely to own in a few months.

Personally i do not and i think most people on this BB do not

I think he was a record for me. I have an open mind generally and refrain from Binning a lot of contributers who would normally get binned because i like the diversity, But Titanasaurus was was record and was binned in about two posts.

Thank you Keith as always trying to bring a bit of calm and sanity and dare i say it sense to this BB.

Many thanks

To all the trolls on here. And you all know who you are this is getting tiring.

I will make a promise to you that by end of June this year this share has halved in value and we have lost our license in Morocco i will be the first to apologise on this BB whilst at the same time crying into my cornflakes.

However i would hope that you would extend the compliment and apologise to all us who believe this share goes above 25p by the end of June.

If there is no such apology then we will know that you are just here to cause disruption with intentional intent to damage the share price.

If Mou 5 was a complete duster I can imagine the number if people lining up to buy it. Trolls really must try harder. GLA

Along way down the street with due diligence. I would be surprised. Some of the way and they would have done a lot homework on geology of the areas. Read everything that PG has sent them. But the real ins and outs of the triassic region would in the data room and i would be surprised if they got access to that before any meeting. But what do i know. If you are right then this could be quick. If they have a price and it is acceptable it might just be a question negotiating the stub equity, if any. i am expecting us to sell off the whole of Morocco not just Mou 5. I cannot see us testing Mou 3 and just around the corner some one else is extracting gas from Mou 5. YEs i know a bit simplistic but i cannot imagine two people working on same thing pretty well at the same time. I reckon it will be one business one field and we will exit Morocco stage left with hopefully a really good deal.

Sigma yes so would i but point i am trying to make PG would know his price but you would get for that would be negotiated. How tough PG is at bargaining. Strength of hand and how either party is. And how there maybe. Would be delighted 1.5 and retainer but live and find out. Hopefully it will be good. And not too long.

These buyers are not just turning up off

the street with an old Morocan Diram and what they might get (other a choice PG words) . They would have been sent a prospective of what we have and very probably an idea of opening starting price.

Now my guess as Oak Securities hasn't wavered in our forecast price despite share issues is opening price is 1.5bn usd otherwise do not waste our time. They would know this have done their work and would not be there if not interested.

Still have a few shares but basically worthless. Gave up years ago on them another bunch of Aussie used car salesmen

I think this is just the appetizer (no not even that) this is nibbles before we hit the starters and the main course will come later hopefully in first half of next year.

I found it main website under Morocco mou 5. Unless I am completely misunderstanding it.

In the light of the very informative post from Yuri i revisited the company website. Now i am not sure if it has been recently up dated or whether it was updated a little while ago but the 1P reserves on Mou 5 is reading 2.12 TCF and 2.4 bcf of Helium. Must admit i had no idea it would classified as proven. I thought we still had to prove this. But if this is what we talking to perspective buyer about then this could be enormous as Yuri suggested. It will take time. The bigger this is the longer it is probably going to take.

And then there is Mou 3 and by looks of it that will get bigger as there is more there than meets the eye.

Now that we are about to starting to talk with another interested party and final stages of planning the testing of Mou 6 I thought i would re visit what our potential share price might be. Now everyone knows we have gas (otherwise why be invested) and everyone will know that we also have Helium. I must admit that i tend to forget this one which is why I am posting this. And please all those who know this are far better than i ever will please correct me.

We have as i understand about 1.5% potentially of Helium. And lot of people will say oh 1.5% is nothing to get excited by. And you might be right till you realise that the price of He per MCF about 100 times the price of Gas. Gas cost from what i can tell is around $3.5 per MCF and He is around $400 per MCF.

So what does that mean. Basically to me means that what ever we reckon the price per share is for the gas sales you can double for the He aspect. And that is assuming that we just sell our gas at basic cost price but I would reckon there would a premium on our gas because we are not 100 miles off shore and 1000 feet below the sea bed. We are a 1000 metres or so below terra firma and stones throw away from gas pipe line. Now i know the amount of gas we found in Mou 5 and that was not commercial in its own right. But Mou6 and who knows build up of pressure on Mou 3 should show considerably more. Otherwise why would these other parties be talking to us. PG may have an engaging manner about him ( to some people) but i am sure they are not coming to hear his mellifluous tones just for the fun of it. There would need to commercial gas there.

Now trying to modestly cautious assuming that all someone is buying 100bcf of gas ( not small but not earth shattering in terms of our potential so i would say a prudent amount. Also assuming that as we have not got this to flow (as yet) we are not talking the full price per MCF that we would hoped to have been. Useing base cost 3.5$ per mcf and 400 per MCF for He we are getting somewhere near. 80p per share and to be honest i think this is just a starting Oak Securities price which has never wavered of £1.5 per share i think could be fraction of this might become.

I don't this helps the post seems to be protected i am not quite sure why.

Must be very sensitive information

We have known Milliband was an idiot for now he has confirmed it.

The way that Paul posed the idea suggested two things to me.

1) He knew he could find a NWNF lawyer.

2) I thought he would already have run the whole idea by them and not just starting out on this planned course of action. The idea of one minute past midnight of 31 October (a Friday) being Trick or Treat time to implies fore thought and planning.

The thought that this was just the musings of some old CEO never crossed my mind.

So i think that Paul had a lawyer in mind and they came up with the date and time together as being one minute past midnight for a Friday night gives the whole weekend for the Government to start trying to open a sensible dialogue.

So my thinking from what Paul said was he had consulted lawyers and settled on one. They had constructed this time line approach. But either the lawyers on behalf of Predator wrote to the government one last time or Paul himself made one last approach. And maybe they responded and maybe someone is talking constructively. That IMO why no RNS not because there are no lawyers doing NWNF claims.

PG would have done his homework on this and would have had a list such lawyers and approached them to find out if they thought he had a leg to stand on. Otherwise i do not believe he would even try and float this idea without even knowing it was feasible.

My ~view we are talking to Government on the 3 options that Paul floated by them.

To bring this bill board back on track.

Like many on here I am disappointed that we have not had an RNS but at the same time hopeful.

To my mind the only reason for not having a RNS is that the Irish government have decided to talk to Paul.

Just hope this is not another bluff by them as it would be seriously stupid to try and forestall a legal by the prevarication and obfuscation that is the make up of the case itself.

If there is such talks i would hope that Paul has put a time line on such talks so that they do not go on for ever