Member Info for InJamesweTrust

disappointing to see what looks like a new hope being dangled in terms of helium rather than substantive results from mou-5 andn testing of mou-3 which 5 weeks after the drilling packed up should really be disclosed now.

leaks to the press won't sustain the sp forever and the absence of an rns suggests if talks are taking place they haven't made a formal offer.

griffiths is very adept at changing stories to.auit narratives but as mentioned widely before the modest share price increase (relative to the substantial value destruction).

put up, or **** off and shut up should be the clear message from shareholders.

Pareto

I wonder if you and Bold are schizophrenic contradictory sides of the same person. I've not said its pump and dump I've suggested the CEO has serious issues around attitude and planning.

Inevitable some selling but seems to be holding much of the gain. Wonder why the spike clearly info should come via RNS but sometimes in negotiations there are loose lips.

Nice little turn for anyone in at 2p.

Hopefully the news cycle turns for the better.

Hopefully the price action isn't a harbinger of a fortnight ago

Quite the turnaround.

Hopefully PG has something positive and people will do well and either have an exit point or hold for something more if the promise is there.

Good luck to folk.

Nicotine- I don't gloat just state a point to someone who has been abusive.

I wish nobody here ill will while many cannot say likewise. I hope things turn around but that will take longer with PG in place than with a change of management.

Tuppiesdad

You have me green boxed I think but could have been out at 9.5p if you'd listened instead of resorting to abuse.

JH try looking at the preso made last March and the current one and compare and contrast the timelines and delivery given more than enough funding had been raised in Summer 2023

Androcles

Enough with the conspiracy theories - there is no evidence to substantiate and no cornerstone investor with enough shares to do that.

The company has raised funds and not met targets meaning it has resorted to bucket shops.

If you're listed the share price needs the oxygen of a plan and actual delivery on the plan which has been lacking and required further discounted raises and that is why the SP is languishing.

Getting someone in to actually review where things are is necessary as I've no confidence in PG from an operational delivery perspective.

Taking the company private would need to be put to a vote - he is unlikely to get anywhere near the support he needs for doing so.

For a business that was meant to flow test over last 2 years various wells, drill MOU-5 last year (ironically he may have picked right location if so) and should have sand jetted in Sept-23 and has raised $14m in the 20 months since making such plans to fund delivery.

End H1 last year was meant to also be when we started to get revenue from T&T.

Ireland is beyond our control, there remains a company arrangement I've long had concerns about corporate governance on the arms length nature of what PRD signed up to (where PG is on the other side).

With the $14m he could have drilled 2 or 3 MOU-5 wells, Sandjetted, swabbed and flow tested.

He still hasn't flow tested, hasn't swabbed and picked the wrong spot for MOU-5 and none of it was anywhere close to on time.

The CNG should now be producing!

Through all of these mistakes and misfortune he has adopted a belligerent nasty tone to dissenting shareholders.

This is not a record of which to be proud.

Now it needs:

Solid timeline to T&T revenue and how much it is and curve expected for ramp up.

Funds committed and timeline to flow test MOU-3 shallow sands and confirmation AG is still signed up to GSA.

Timeline for swabbing

How MOU-6 long lead funds have been used

A forensic audit of spending, contracts and remuneration decisions along with an IBR for cash position versus committed spending to understand the liquidity horizon.

I'm afraid I don't think PG is up to this and I would add some independent geological analysis would not go amiss in terms of drilling and what to target.

I said previously getting some experienced hires in on a consulting and success fee basis would have been sensible 18 months ago and would have delivered more.

Now, I fear we are down to around $3m and given the options he has taken and the salary, bonus and consultancy payments if he wants to get shareholders onside- forgoing his salary for options priced at 10p and using the cash to get a couple of capable people in to move things forward would be a step in the right direction.

I've restructured companies and combed through balance sheets and P&Ls for many years and a step change is needed here.

Matt

$5.4M a year income on an NPV10 is probably about 4-5p a share. Hope that provides a handy profit for you.

F&M

Seems like GRH has little confidence on the seismic interpretation. Having offered a profuse apology on Twitter this morning.

Fair dos to him for doing so - I don't think he was pumping to dump although I am sure some do.

The Chairman really has to act.

He has the power to remove the CEO who has gone on record as saying its his company and he answers to nobody.

That single utterance in Jan should have seen him removed.

Mou-5 probably saved him but there is little from that to stop him being relieved of hianduties now.

Getting in a good O&G conaultant along with Lonny to do an IBR and understand where the value is would be a sensible next step.

Alas, I think it will join the ignominious 90% club in the coming days and perhaps even then95% club. Time for action

Tmsdxh6

Feel free to check my history around end Oct/early Nov 2024 and you'll see the call I made. I did also call the placing in the morning before it was announced.

As for Sou go back far enough on my timeline and you'll see me calling it publicly.

You'll see me entering Eco also at 30p but alas on that one I should have sold more at the peak when top slicing.

Well Champs I did take note of the issues that were clear for all to see and posted them here when selling at 3.5x the current SP to reduce holding and make it zero cost and have even sold most of this above the current price.

I did the same when selling Sound at 80+ times it's current price.

Maybe its you who should take notice.

....seems to be the message of the ceo. he is happy they took cash when not needed as his salary is guaranteed for a longer period.

so many failures and so little in the way of mwa culpa. this market, this industry, president trump - who ifni recall in a previous interview he seemed in favour of.

just changes his story everything as if there isn't a record of the previous **** ups

He is so full of it.

The gas market hasn't changed for MOU-3 you failed to get it to flow so now need to revert to the shallow sands.

You raise $14m now say you need a partner. Just to drill not even for development of a gas prospect as you'd have to find that first and it clearly isn't derisked. Drilling might look more than 12% CoS but farm out terms are going to be punitive for drilling and even more so when it comes to developing.

Some of the commentsbherr do make you wonder whether people here are investors or wild gamblers or wildly daft.

It does make me wonder what PG would have to do to shake their faith.

Unlike for this share, I'm sure folk would have paid good money to be a Fly on the Wall of the Grumpy Old Feckers rocking chair room today bet he erupted in a barrage of expletives.