Member Info for ilDuce15

Worth checking the Pelican price is above 10.0 whenever you have any doubts.

https://uk.finance.yahoo.com/quote/PELI/

BLLYF (80M US listing) up over 10% at present with volume.

RachT2

So much for “letting your guard down”

Try and be a better person.

RachT2,

You have no credibility.

Your posts are not for anyone’s benefit but your own morally corrupt purpose of trying to push the share price lower.

Stop pretending otherwise.

RachT2

The fact that the same people may be behind the financing is of no concern and can even be seen as a positive.

The fact that you use that as an excuse to push for a lower share price is mischievous, bordering on dishonest.

The fact is that two world-class licences are going to be drilled next year - and that’s all that matters.

80 Mile PLC has secured three strategic MOUs and moved to 100% ownership of the Ferrandina Biofuels Plant. Greenswitch, a 100%-owned subsidiary, signed an MOU with a Fortune 500 energy company for the supply of up to 80,000 tonnes per annum of renewable feedstocks. A tolling MOU with Ludoil Energia secures 50% of the plant's capacity, projecting approximately €8 million net profit per year for Hydrogen Valley (HV), with the other 50% estimated to be double that for a total of €24 million net. Additionally, an MOU with JEnergy S.p.A includes 10,000 tpa of biodiesel supply starting January 2026. 80 Mile will issue 220,000,000 new ordinary shares to Greendome and paid €100,000, assuming additional deferred payments, to acquire 100% of Hydrogen Valley, which reported a profit after tax of £1,899,205.

RachT2

Your opinion appears to be given dishonestly and with a single aim in mind.

Your so-called “long-held view” has not materialised, and claiming it is now imminent only reinforces the idea that your motives for posting are self-serving.

As your advice is driven by personal agenda rather than honesty, it's best not to offer it at all.

RachT2,

So you're back again, nefariously posting.

Your agenda here is clear and tiresome.

GEC is going to spend $60 million to drill two wells targeting 4 billion barrels of oil, hoping to achieve a $25 breakeven per barrel. Total reserves could exceed 13 billion barrels.

They are clearly backing their assessment of this opportunity with serious money.

So I'd rather go with their views than those of a poster whose sole aim is selfish and dishonest.

RachT2

You have no interest in counterarguments—your sole aim is to secure a cheaper entry price.

You're neither an accountant nor an oil expert.

With your only objective being to spread negativity, your opinions are both duplicitous and worthless.

RachT2,

Trying hard to push the price down again, I see.

You have no idea what's going on behind the scenes, so stop posting as if you do.

Your motives are clear — dishonest and unsavoury.

RachT2

After drilling two holes at JL, we'll know whether oil is present or not.

Stop trying to dishonestly spin this into something negative about our future funding requirements.

CC

If the valuation gap between Pelicans market cap and our 30% of JL doesn’t close then I would expect the BOD to explore the possibility of rolling it into the new GEC.

I don’t think the BOD would want a full merger until they can show the true value of Disko and HV.

RachT2

You're back again, trying to spread negativity in hopes of a cheaper re-entry price.

Shame on you

RachT2

You are morally bankrupt!

You kept posting negative comments incessantly, all while just trying to secure a cheaper entry price.

It’s sad that you don’t see anything WRONG with that

This reader is happy to trust the seasoned oil professionals who are willing to spend approximately 30 million to drill two wells, believing they understand the economics far better than a consistently negative poster whose sole aim appears to be securing a cheaper entry price.

BG are out now.

You should see a TR1 within 2 days.

RachT2

They are “cashed up” enough not to need a placement.
Simple as that!

They can sit and wait for the drill bit to do the talking at JL.

Disco requires no additional funding while they continue the ongoing JV discussions.

You don’t know what costs GS has, and maybe some grant money will materialize for it anyway.

I agree that we probably won’t see revenue for a little while. When the plant starts up, the revenue it generates will likely go straight back into getting the entire plant running.

RachT2

80M own 100% of JL licence, they go down to 50% on the first drill and 30% after the second.

At this point we will know if there is oil there or not.

To imply a negative on finding oil for 80m (via ongoing costs) is laughable.

Free carry

Cash in bank

No need for placing

RachT2

Looking lately at the recommend ticks it would appear that most investors on this board would prefer that you stopped posting.