Member Info for InJamesweTrust

Would currently agree a placing looks necessary if they are to do Snowcap and MOU-6 drill and (unnecessary!!) Flow themselves.

The assurances of being fully funded have in the past meant nothing and hard to ignore that in current circumstance.

What price a raise if done- if such interest you'd think it could be done at 3p but alas 2p more likely if that is what is needed.

Is that why talks broke down as people known they need to drill and need funds and without a partner its bucket shop only.

Again, PG has spoken repeatedly of no debt but shareholders own probably less than a third of the company than they did 3 years ago if theyre holding has remained static while they have issued shares with abandon.

Jasper

You suggest the industry values the assets differently to the market, yet at least three times there has been talk of CNG and Monetisation.

Each time the partners have clearly not bought the bridge that PG is trying to sell them.

If PG had a compelling case, having made that to multiple groups of investors as best he can - if these industry partners agreed would they sit idly by and wait to pay through the nose or scoop PRD up cheaply.

The company has issued hundreds of millions of shares in last two years so if the story of no flow and delineation was as compelling as you suggest - PRD would have been taken out.

It is remarkable, given your frenzied posting recently to do a complete 180° on your views about next steps.

Presumably you think this is more gorilla dust. He needs to drrill it and flow it to create value.

Just out of interest, why were these bazooka level sandjet guns not used before - what a complete waste of time and money. Still, with the great new mud balancing they may be no clagging after all.

The end of July latest is also out the window now I see, as Long Lead Items due in August. What price a delay in larger perforatinh guns and note he doesn't (from what I saw) give a revised timeline.

Question, from MOU6 will be drilled latest end July to long lead coming in August how does that equate to an acceleration of plans - only in the mind of PG and he will.probably pay himself a bonus for it too!

The line in the interview about MOU6 as it stands not being funded by PRD, was delivered with a rather self satisfied smirk by PG, so what gives now that they wont fund it?

Dilution too great clearly as they haven't flowed anything. What odds on him flowing this one?

Just wondered if slightly chunkier sales there but depends how market makes might book such trades if take risk on book or sell forwards.

Does anyone have access to trading in Canada? On thin volumes this strikes me as forward selling from JHI shareholders who have been illiquid for so long.

Im not in the business of trading it as there is just too high a chance something drops but it has fallen more than peers despite strong news. More capital is welcome if the business needs it and being able to raise is positive but it shouldn't just be to give cheap access to friendly investors.

Im still happy that a Jethro and Cretaceous drill should see us on c.400m barrels discovered oil net to us in H1'27 and any drill on PL001 should yield pretty significant benefit also.

Great prospects and operators on each of the licenses.

Wallact

See Kanukku as being contiguous with Orinduik and a good option.

Jethro, JKW, JChannel, JExt, JWest & Joe are 970m barrels prospective resources.

Noting Falklands, Sealion is 889m barrels - while in PL001 the targets look alot bugger than Sealion does plus the Johnson gas field.

Jasper has been wrong a few times in the last few years - about as many times as PG in terms of when he might do something and what the SP outcome will be.

****rig not rug

Who is it funded by, still no news and last week in July at the latest it will be spud. Guessing he means this year - is the pad under construction and the rug being moved to position.....

Sounds like all is not happy in the hen house.

News when it comes on Orinduik will in my view be (very) good for Eco.

In the meantime, the legilsative process in SA is grinding on and that has a double whammy for us in 3B/4B and Block1.

Discovery on 3B/4B and a sale at the Harbour Energy levels would be very handy for Eco.

Took me 10mins this morning in a boredom break from reviewing terms on a deal to go through the RNS's and pick up the repeated broken promises. That was 3 for 3 on the 3 I looked at.

Before one even goes into the sandjet failures and that most RNS have nebulous statements about payments for reports on this that and the other with no details on who benefits from the payments for these reports.

I believe in the past the busiest man in O&G has maybe found the time to supplement his stipend by writing them.

Tmshdx6

Respond to the nonsense about 7% but how about the question on the repeated raises for the same reasons and the promises of monetisation/commercialisation that have all come to nought so far. Any thoughts?

As the middle of June approaches, we are 8-9 weeks beyond when PG indicated the monetisation process would be completed. This is one of many missed targets on this front.

Now faced with looming drill date and radio silence - I've asked the question before on here but nobody seems to give much of an answer, so here goes again

Is there a drop dead date or deadline that you would ever hold PG too and say he has to go if not met?

Thats at least 2 placings for the CNG and 4 years since CNG was to be proven commercially. 3 years since he began to accelerate monetisation and the big bang in July 2023 that was meant to solve it all. Yet here we are in 2026 the year of the great delineation?

I wonder in all that delay if PG has ever had the courtesy not to take a bonus or award himself options?

Jul-23 placing

Subject to the results of the MOU-1, MOU-3 and MOU-4 rigless testing programmes, the potential for CNG growth will be evaluated in the medium term to assess the potential to scale up to 34 million cubic feet of gas per day (approximately 12 BCF/year).

The below is what was noted when raising £2m in 2023 by PG (the accelerator pedal must be broken)

· Accelerating the potential for monetisation through a sales process in 20

Aug-22

Placing to raise £3.3 million

Fully funded to test MOU1 and 2

· De-risk Contingent gas resources by establishing commerciality for CNG development

Wow SC-3 is number one priority butnthought he was monetising Geurcif back in October with success due in April.

Have we heard nothing as these discussions have been as fruitful as AG discussions on CNG and he needs SC3 to keep his salary going and suppress dissent from the herd?!?!

The article and what I've heard shows how keen BP are to get going in Namibia.

Per the Malcy link, Total are desperate to drill 3B/4B

You can see Navitas seeking to expand and accelerate Falklands ops

Maybe the Guyana issue is where does licence extend to in future and what info that Dco hasn't had before might need to be reviewed to consider drilling targets.

Then Block 1 - Navitas have taken the option so seismic there soon too. With potential for shallow inshore gas sooner.

Orinduik 20% of 6bn barrels plus prospective (some discovered)

PL001 35% of 30% of 7TCF plus 35% of 2bn+(?) Barrels. Carry for drilling

3B/4B - 5.25% of 4bn barrels plus funded for two drills

Namibia - seismic and funded for 3 drills, one on each licence.

F&M

Yes, much better to respond whith a child's retort than address the obvious and continuing delays in progressing the asset.

This is great article demonstrating BPs intent and desire to get the licence moving. Seismic this summer/autumn and drilling next Spring it would seem is suggested.

So that is a likely drill in Namibia, Orinduik, SA and Falklands within a year.

Each one is probably 150m barrels plus to Eco (barring SA which is 50m)