Member Info for InJamesweTrust

Hi BRV

Didn't get a chance to listent to the whole thing. Noted someone had mentioned SV-101 was contracted to spud MOU-5 and wondered if this was stated definitely on the call?

Cant seem to access the file mail link currently.

TIA

Keith

You could send to BRV to transcribe perhaps?

Donal

I'm fairly sure you're the one who sold down before saying a word to anyone.

I publicly stated it felt like a sell and also that it was a raise incoming but yep talk about trust.

BRV

He has probably said something definitive that isn't quite there yet or should be subject to RNS and it needs sanitised. Likely just an inadvertent slip of the tongue and easy done when talking for 2hrs.

BRV

Seems to have been taken down at the instruction of the company/advisor as IMC directed me there when I asked why it had been shortened.

Apologies no it hasn't still an abridged version for some reason.

The presentation has been slightly extended to 1hr7 now.

Donal

That was one of the questions I had asked

- The failed sandjetting in Sep 2023, why it failed and sunk cost

- The departure of Lonny and any cost to the company involved

- The cost of the failed standard perforation in early 2024

- reason for delay in swabbing MOU-3

- results of current MOU-3 schedule

- review of the regulated statement on discussions with an off taker and if these remain valid.

- the proposed plan for 2025 and how quickly results will be provided on the MOU-5 drill such that shareholders do not have to wait until Q3/Q4 for news.

- please provide the minutes from the remuneration committee proposing and agreeing a bonus for the execs for 2023/24 year end.

- please stipulate how Mr Griffiths contract releases him from IP belonging to Predator of work he undertakes while contracted thus allowing him to produce reports and charge Predator additionally for these when receiving salary and bonus?

Happy for anyone to show me how these are disgusting or insulting as PG puts it on the call although of course others may have asked questions in a different light.

speaking of utter nonsense, here is one for the fan boys to respond to

mar-21 245m shares in issue.

mar-21 faster tracking monetisation or gas discovery at mou-1

well we are 3.5 yrs down the line and it isn't producing with 370m extra shares in issue.

but don't worry, he hasn't diluted control of the asset by bringing in someone competent to execute. he knows the industry and am sure 3.5 years is fast tracking.

also, each share you held in 2021 of the company now holds 40% of the equity interest it held then but somehow that is not dilution.

with more time i'll list the questions i asked and he didn't answer.

he doesn't consider himself to serve at our discretion and dismisses the fact he is an employee (23mins in) and literally says he answers to nobody.

he is as thin skinned as grh but like grh likes to think he can dish it out.

stick to the borderline ****** tropes and pumping enoch powell grh you and he are both stuck in a bygone time.

Tuppiesdad

Ultimately only obliquely as he doesn't have the courtesy to answer them properly and set out the context. He isnt fit to be the CEO of a public company and the Chairman who facilitates his continued existence should be ashamed of his craven cowardice.

As should certain lapdog desperate to stay in his good graces but through their experience should have more sense to call out the failures.

I hope the drilling and swabbing are successful for my own investment and for others here who I fear have more than they should at stake but it doesn't change the delays and mismanagement or the arrogance to roundly ignore it and stupidity to say he has run the company efficiently and not diluted the assets.

These are simple facts if you don't get them maybe your simple too.

Matelot

He has my email address if he wants to take up my comments with me.

Don't fancy his chances verbally or otherwise. While it's disappointing he is so unapologetic he needs to get his finger out finally and drill so no more excuses.

So MOU-3 might be $12m p.a. and Trinidad perhaps $3m p.a. for 200 bopd so $15m p.a. less Morocco costs.

Hence, without increasing MOU-3 flow or a find at MOU-5 it's $100m MCAP.

He still seems to think the company is his and appears completely unapologetic for the funds and time wasted - it isn't just life he is responsible to shareholders, whether he likes it or not.

Have been listening on and off but intend to listen in full later this evening.

So far, nothing that moves the dial. Repeating COP29 pish and questioning if people are shareholders and repeating the Trump line twice in quick succession is pathetic.

He may not dilute the "assets" but he has given away 65% of the prior shareholders value through taking too long and diluting the volume of shares in issue repeatedly. Let alon the opportunity cost of sitting and waiting for Godot while he takes his merry time to do anything.

Completely unprofessional as this whole presentation is.

Its the usual problem of founders who can't cede control.

Giving delusional pensioners a kicking isn't really my bag

See his hubris still trumps his humility

Harrychrisna- Cyril Sneer is a blast from the past, never see the Raccoons on tv now.

I hope that Paul takes stock of delays but more important than a mea culpa is having a firm grasp of where we are and a definitive path to creating shareholder value in timely fashion. Confirmation of a rig contract and specific timing of swabbing would be an excellent "starter for 10" (recommend the book/film).

As an addendum, he may not have specifically references the word buy since but has talked about Ghawar sized fields and inordinate returns that will accrue at prices much above the current level.

However, to be fair he has also mentioned irreducible risk and stated he hasn't been a seller of the stock so hard to label a pumper & dumper as some seek to.

I'd say he has the same hope for the stocks performance as any of the rest of us do as shareholders.

F&M

GRH did also say in Autimn 2023 his M&A detector was flashing red (it's mainly just the SP sadly that has been red) and that 2024 would be the year of Corporate M&A activity for PRD so not always right.

I'm sure he is still wildly confident of PG ability to deliver a plan, me not so much.

Keith

If TT works and the wax treatment ups production, great but with now 600m shares in issue its not making a material difference to the share price.

Ireland might but is veset by politics.

The game changer here has always been touted as Morocco. If PG would get his act together we can have it drilled and know the results along with swabbing outcomes.

Everything else is merely a distraction that contributes to delays, mistakes wasted money and unnecessary dilution.

Resource is thin on the ground as it is do wish he would just bloody get on with Morooco and for once stick to a schedule.

IntheMeantime

Don't ever recall using the term high powered - happy for you to show me I did and be corrected.

Did state that I'm involved in Lending to PE houses and in Project Finance as well as Direct Equity investments in new technologies.

The sums can be large (£250m today on a £1bn project) I'm looking at.

So from this I've experience of complex project delivery and board performance and PRD fails miserably on both metrics. Anyone here who things PG has played a blinder is clearly not bothered by niceties like timing.

If thwre is no word on rig contract by end of next week then the drill is unlikely to happen in February and probably March but people on here will still make excuses saying he is getting his ducks in a row.

If he keeps failing I'll selll down further. No drill in February should see him fired.

As for the joke about delivery, doesn't take very long to look through the Big Bib Monkhouse book of jokes and not sure about your role but mine is more about delivery than minutes at a desk.

IntheMeantime

Don't ever recall using the term high powered - happy for you to show me I did and be corrected.

Did state that I'm involved in Lending to PE houses and in Project Finance as well as Direct Equity investments in new technologies.

The sums can be large (£250m today on a £1bn project) I'm looking at.

So from this I've experience of complex project delivery and board performance and PRD fails miserably on both metrics. Anyone here who things PG has played a blinder is clearly not bothered by niceties like timing.

If thwre is no word on rig contract by end of next week then the drill is unlikely to happen in February and probably March but people on here will still make excuses saying he is getting his ducks in a row.

If he keeps failing I'll selll down further. No drill in February should see him fired.

Believe Griffiths was ready to retire and thought he had a cushy job line with with Royal Mail but it fell through when they found out he never delivers.....