Member Info for InJamesweTrust

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.

GRH has posted information which is useful and many have posted reference to the Guercif magnum opus, the name of which I forget.

He has also posted what maybhappen based on projected success which hasn't always materialised but at least he has posted to say he has sold and bought unlike many.

Don't have him down as someone manipulating to trade but do wonder what it serves others to post 20 times a day on the same old same old.

Happy to read both sides of story and have sold and bought back and said when doing also.

There is a decent risk/reward balance just now.

They need to get their fingers out and stick to the MOU-3 shallow gas timeline. Testing that if I can be proven up will yield tangible benefits for the SP from current levels.

Silence around MOU-5 in my view is not particularly encouraging. Seems like there is an absence of clarity around the 50M Domerian zone but that 3D is needed for the next drill.

If they can positively test MOU-3 it might be they can shoot and process but stil 2026 for next drill.

The income from CNG sales makes a material difference to the SP at these depressed levels if it can be achieved.

Griffiths though must be running out of time for most shareholders.

Fwiw at this level the possible salt structure and seal is worth finding out more about.

Alas, this kind of info should be flowing from management and that it isn't does give me some pause. However, PG I don't think runs the business along normal governance guidelines and may release info as he pleases rather than when market norms dictate.

Who knows this strategy may be part of what annoyed Lonny and Moyra who may be wanted to see value sooner from their holding.

Alas, he will either be proved right and considered a genius and wrong and considered a money grabbing charlatan. I'd hope it is the former but he does himself no favours making extra payments with little clarity on reason/content.

everyone is entitled to change their mind but it is quite thebturnaround in sentiment. so i do wonder what has been disclosed and by whom.

note in the annual report, after all his nonsense in his interview about how busy he was - pg still managed time to write reports under technical services consulting fees. how selfless it is again of pg to consider himself the foremost expert instead of outsourcing. doesnt quite fit the im so busy what do you do narrative of the cantankerous old ****** though

Quite the Volte Face from the sage.

First of all a huge error of judgement and now it is delineation of the field.

Is delineation the opposite of big fields get bigger?

Seriously, how is the updip potential to be exploited/discovered and what is the timeline? Funded from 40 bopd in Trinidad? I'll be older than Grifffiths?

Wonder what the report is or news that GRH heard yesterday evening? Don't recall there being a company presentation or RNS....hopefully not privileged info being disseminated

Or you could call it same day and a fortnight before that declare you've sold having stated your feeling it was a sell and post placing post that you have purchased again.

Ibiza

If.PG was involved in the story it was from.a saving his bacon perspective suggesting things were in the offing that either aren't or the possibility is pretty marginal.

Others here I'm sure can tell me what the timescale for pretrographic analysis might be but as I've banged.on about for some time now the prospects live or.die onfow testing which he.seems unable or unwilling to do.

Ibiza

If anybody planted that article my money is on Griffiths as the shareholders the day before we're getting rather mutinous on here and he is known to read the board.

Just look back two weeks ago, see what was being said and how tenuous his position was and how people are hanging on for news again.

With the time elapsed since drilling, there has been sufficient time for a credible plan on next steps to be formulated (it should have been in place pre-drill) and now for it to be communicated.

If he is a rabbit in headlights cleaving to T&T to defray G&A costs and waiting for Ireland news to bail him out he is not really leading the company.

I'll repeat again:

Why was MOU-3 not swabbed as planned

When are shallow sands to be tested and why were they not done with Sandjet when kit was available. Presumably the hole can be resealed for swabbing lower down? If not then swabbing should have been done by now to allow shallow sands to be perforated without the lower sands being abandoned.

What were the exact words used in the Tingas report to the company about it flowing?

Bold

I think alot of the T&T costs are sunk already, hence it is op costs and getting the treatment to work.

I'm looking at an equity investment just now if £100m+ and for me it comes down to IRR/timeline/certainty alas little of that is shared by the Board to justify decision making.

Projects need to be materially accredited above their baseline costs or be worth the risk.

F&M

You're clearly a seasoned market observer, my own observation though would be yesterday's price action being more linked to initial euphoria in US carried o er from Wed night evaporating swiftly as China indicated a continued hatd stance.

Havent checked the curves but imagine T bills at the longer end continue to surprise on upside and so market worries continue for risk assets

There are some many questions for PG to be answering that he has failed to front up on, many I have listed before. The latest are:

Plans to flow test shallow sands at MOU-3, when.how and by whom.

Why was swabbing not done and how does that fit with how PG phrased the Tingas statement that it would flow if swabbed from memory.

These statements with no tangible follow up can't continue as confidence just ebbs away as does the capital base of the company.

With oil at $55-60 we will be lucky to get much meaningful income from T&T for the 307 bopd once agreements are signed.

How much time and money spent on Bonasse to target 35 bopd!

Focus on income generation levers with real potential. $1.5m per annum from T&T barely covers G&A let alone drilling and so adds nothing to the SP

F&M

It isn't us imposing our personal timelines it is the repeated missed timelines of the board. In their RNS and fundraising statements.

Depending on the cash remaining PG can perhaps execute something unexpected this year but I don't hold breath.

T&T revenue won't come to Morocco's rescue any time soon but keeps the lights on. Alas, I've little confidence that it should be PG going forward who is planning and negotiating as who can honestly say they've not been a bit disappointed by his hubris and missed deadlines.

Anyone who says it is my company and I won't be dictated to by anyone is unfit to run a listed company.

Ford

It's about delivery of tangible outcomes now with the share price at the level it is.

In each of the last 3 raises he has failed to execute aspects of what the funding was earmarked for if I recall correctly, so his track record here isn't great.

To raise again at these levels would be an abject failure as custodians of the business.

Having not released tangible results, swabbed or tested he may be backed in to a corner of.his own making by Moroccan authorities who have deeper pockets and possible partners who would exploit any gas shows which they will be as aware of as management.

Might not be too everyone's liking but without real cash from Ireland which is beyond PRD control- T&T is going to fund activity only at a snails pace. So I fear a sale if on the cards although if in excess of today's price I'd take it contentedly and move on.

It hasn't delivered the results he and others promised but there is still some potential although it can't be another 3 year plan as if that is the case I'll sell up and exit as better places to park excess cash.

Ford

It's about delivery of tangible outcomes now with the share price at the level it is.

In each of the last 3 raises he has failed to execute aspects of what the funding was earmarked for if I recall correctly, so his track record here isn't great.

To raise again at these levels would be an abject failure as custodians of the business.

Having not released tangible results, swabbed or tested he may be backed in to a corner of.his own making by Moroccan authorities who have deeper pockets and possible partners who would exploit any gas shows which they will be as aware of as management.

Might not be too everyone's liking but without real cash from Ireland which is beyond PRD control- T&T is going to fund activity only at a snails pace. So I fear a sale if on the cards although if in excess of today's price I'd take it contentedly and move on.

It hasn't delivered the results he and others promised but there is still some potential although it can't be another 3 year plan as if that is the case I'll sell up and exit as better places to park excess cash.

Ford

It's about delivery of tangible outcomes now with the share price at the level it is.

In each of the last 3 raises he has failed to execute aspects of what the funding was earmarked for if I recall correctly, so his track record here isn't great.

To raise again at these levels would be an abject failure as custodians of the business.

Having not released tangible results, swabbed or tested he may be backed in to a corner of.his own making by Moroccan authorities who have deeper pockets and possible partners who would exploit any gas shows which they will be as aware of as management.

Might not be too everyone's liking but without real cash from Ireland which is beyond PRD control- T&T is going to fund activity only at a snails pace. So I fear a sale if on the cards although if in excess of today's price I'd take it contentedly and move on.

It hasn't delivered the results he and others promised but there is still some potential although it can't be another 3 year plan as if that is the case I'll sell up and exit as better places to park excess cash.

You have to wonder what the win is for Trump as he will always eye a deal and I fear some of this is backroom dealing and suddenly a slew of announcements see the markets pivot back.

He said last week $5trn had already been invested in US after the first tariffs were announced. He will just bluster through anything.

Touring an Apple factory in US in first term he said he had brought this back to the US despite it being opened 3 years before he was elected.

When someone is so detached from reality and morally and financially corrupt then it's difficult to second guess intentions.

Suffice to say it will drop a bit further probably.

Donal

The contract at the time was commercially sensitive as Hoegh put it in place. Decent chaps to deal with though in doing so as far as funding agreements needed to be amended. We also

Provided funding to the exploded pipeline.

Nothing to do with being cryptic just commercial confidentiality.

When prices spiked after Ukraine a European country made Hoegh an offer they couldn't refuse to bring a tanker in country and set up an LNG solution to reduce the impact.

Time obviously flies when having fun Donalb

I'll take publicly posting correctly versus sneaking out to site, selling while posting and speculating about activity and then after the fact posting pictures.