Member Info for InJamesweTrust

The usual jam tomorrow, SP not my fault bullsh*t

Tincan

Perhaps worth looking what PG takes out of the business annually and tops up with options.

As he said in the interview he considers it his company and with the options awarded he seemingly couldn't care less about dilution as he miraculously maintains a healthy percentage of ownership.

But don't worry he is REALLLLLY busy and we shouldn't dare question him or suggest he simply isnt up to it.

Cany anyone here honestly say the £12m+ raised in last 2 years has been wisely spent? If some professional resource had come in to run drills and have perforating equipment lined up along with permits for instance.

He is well beyond it and the Chairman seems incompetent if he cannot remove him for cause.

Redwine

Take it another way.

If 3b/4b is successful, the company could pay a large special dividend meaning Gil, Colin et al are independently and inter generationally well off and leave enough back to fund two drills on Orinduik.

Hess just sold for $40bn with 30% of Stabroek if Eco can drill and prove holding 100% they can be carried to production with 50%.

On the flip side the Hammerhead payment for unitisation from Ezxon would.probably also fund a drill or two.

Dont think this is done via share issuance for a moment.

So the super busy and productive CEO misses another date.

We could complain but he is clear he doesn't care and nobody will tell him what to so with his company.

My late father used to th say a Tw*t was a Class A Twit -

Seems PG thinks the shareholders unworthy of comms/timely updates wonder what that makes him.

pg - hello i've told my shareholders i'll do perforation on mou-3 a by end q2 2025. i'm really busy and do amazing work but don't seem to have removed finger from **** on this one. do you know if someone has some perforating kit available?

doesn't have to be great, even if it feels us the minimal formation damage amount and doesn't flow that's fine and what i did last time until i could sandjet.

just a bit of a rush job as i've done feck all to date and need to keep the job happy even though i said they can screw themselves its my company and i'll do what i want but lip service and all that.

great call me back, if you can by monday 4.25pm then i'll rush a **** rns out or something.

Rob, all the best, hope you're on the mend soon.

Bowlsd

I mentioned earlier news on MOU-3 as flagged for end of June would be welcome and help the SP.

Cost control, no he hasn't performed well in my view. Booked Sandjetting in Sept23 and had to stand down. Booked perforatting guns to tell us nothing wasted months and months with little activity. Pays himself a bonus when wasting money like on Sandjetting and adds insult to injury after ranting about being so busy he pailys himself fees for producing reports for the company on a consultancy basis.

He has no compunction at all it seems in ripping the company for all he can take from it, legitimate or not. With no clarity on the awarding of his bonus or on the tender process for consulting contracts or what they were it is difficult to be supportive of him.

He'd be fired long ago if it was an investment I managed directly.

Gman

The trillion shares is clearly a joke, much like PG's budget controls and timekeeping.

Think PG is hoping to set the record for number of shares innissue through repeated lifestyle raises to mug punters who believe his different stories and eventually with a trillion shares in issue possibly make the £100m market cap.

He will still have 8% due to share awards and have earned his own £100m in the meantime with iffy consulting payments and laughable bonuses.

Bagged some more just under 10p this morning.

Another 150-200k shares and I'll be at my target hold level.

Ibiza

Had you listened to me in Oct/Nov instead of culminating about me being a decamped you could have sold before the raise at close to 10p and bought back in substantially lower.

As it happens now, I think with the number of shares in issue PG has alot to do to convince investors to take on a farm in at a price that will be accretive materially to the current SP.

If he would just come out and give an update on plans for MOU-3- that would be a good way to boost the SP.

Only the most crass CEOs can suggest the SP is not their concern. Particularly when they have pi55ed away the money here has overseen on sandjet contracts and pointless peforating guns among other things.

Has anyone ever seen the outcome of the Zenith analysis. Or one of PGs expensive consulting reports he has written for the company....

Ibiza

Ive been in and out and back in more than once.

Posting when I was selling.

I'm currently torn as PG really is doing a good impression of running this as a lifestyle company.

His management is a big red flag so I am still considering the delineation theory versus the actually he is full of rubbish and hasn't a clue.

My holding is much reduced and the rest of the money made from entry/exits here is now in other risk on assets.

It isnt about being a big company in terms of governance it is about looking yourself in the mirror and considering how your actions may be viewed.

For me I viee his payment of bonuses to himself and awarding himself consultancy contracts in a sea if dilution, delays and dithering to be highly questionable.

funny that grh.mentuons study the running costs.

after the wasted money and failures here, pg still takes a bonus and pays himself for his overtime like he is an entry level banking clerk. alas, on his inflated salary his overtime for **** consulting reports he doesn't disclose the contents of or the competitive process for awarding is inflated and ridiculous.

Someone agrees Redawine based on final trade of the day showing.

Oldslow

Let's see id there is any activity on MOU-3 by month end. He has just over 2 weeks to get his finger out.

There isnt much use in empirical data with a CEO who seems to go missing for large chunks of the Year but claims to be incredibly busy.

Maybe confirming MOU-3 plans and writing an RNS or two would serve his shareholders well.

Porters and Bold

Most shareholders on here that are LTH have read Titanosaurus paper and at no point has anyone said other than this is a research note prepared by a friend of a shareholder and shared initially within a circle which they believed has merit but that one should only risk what one can afford to lose.

You're howling at the moon to think there is any action to be taken here.

You guys and Pareto should all take a break and let some actual discourse occur.

Not sure Nassim Taleb is going to be writing about Predator any time soon but let's hope after the world's longest game of 4D chess by a tyrannical CEO that it is more of a Black Swan than a plague.

I'm yet to be convinced of the delineation argument but believe there is strong potential in the MOU-3 shallow sands for an immediate SP bump.

Still acquiring so relaxed at the current levels. Hope to add a few hundred thousand more before news drops.

So the RNS states there will be some action on MOU-3 in Q2'25 which appears to be what GRH is alluding to with the latest cryptic missive. Alas I've usually only time for the quick crossword rather than cryptic and is back referring to call options.

Not sure about call options but if gas flows when tested and it's in the next 6-7 weeks then it will be a different magnitude from where it sits today.

Can PG hit a schedule on time for a change? Ideally, without some daft interview that puts everyone off side before hand.