Member Info for InJamesweTrust

Putin is using North Koreans as cannon fodder and suicide squads to break Ukrainian lines.

So let them.bomb the bases these are being launched from in terms of holding areas and materiel stores.

Also et them set landmines (carefully recorded and advised to NATO monitors) so the suicide squads either dissolve before contact with enemy or are forced down a narrow defendable channel requiring less troops to defend and allowing better defensive positions in other key areas.

The Russian economy is collapsing and people are suffering so why concede. He isn't going to start a nuclear war as Xi would disappear him first.

He is a useful idiot for Xi as it makes China seem less extreme.

As for Trump, his seeming desire to accommodate Russia illegally annexing territory is unconscionable and they will not stop there. History tells us this.

Their intention is to do it around the same time I believe yes. Testing and swabbing

One would think that it is possible to get the swab in the time frame PG is looking for.

Would suggest that with the onset of the festive season it might be timely to secure a rig contract if the intention remains to drill inJanuary as messaged in the RNS.

Given Donals pics there hasn't been much activity in Geurcif for probably 10 weeks which gives PG lots of time to line up the customs aspects for the work required to MOU-5, MOU-3 for swabbing and testing.

If suggest Paul should commit to timelines and firm these up this side of Christmas as his prior approach of treating shareholders like mushrooms is wearing thin with more and more people.

Interesting prospects if they can execute in a timely fashion for once.

Keith & GRH

Something else that makes this alignment theory highly suspect. You've both banged on about Moroccos desperate need for domestic gas and eagerness to see tangible production.

I'd wager they are privy to results and would not be saying to PG, don't worry we will wait for you to organise your p155 up in our brewery, it's not like we are in a rush and wouldn't want your shareholders to lose a little bit if return on our account.

An unlikely conversation

Keith

$3m a day at a 31% tax rate suggests revenues of $3.7bn per annum.

That's not going to be happening any time soon and I don't think the business is anywhere near worrying about such events.

Prove up and stop diluting, if the gas doesn't flow there is no tax but at least the interminable wait for actual tangible results is over.

The company has proven time and again incapable of meeting deadlines so let's just have the MOU-3 results and drill MOU-5 and be done one way or another.

Tuppiesdad

That is utterly nonsense. The share register has ballooned in the interim and I'm pretty sure it's much more dilution tha a few extra months of favourable tax regime.

To KeithOz it isn't that getting the gas out is proving harder it is that they can't even show its commercial yet that is the problem.

Pv72

I would not swap back to the toddler years, brilliant as they were in some respects a d o definitely not a Widows and orphans stock.

Noting the suggestion of newsflash in the coming months I'd not be certain of any newsflow. Let me guess why the drill doesn't happen in Jan - customs. They've had since August to seek permits and arrange transportation but I'm sure there will be something.

I de-risked because I think the risks are higher but have left a few hundred thousand to see if they actually do come good.

I honestly don't know how PG has the temerity to stay silent and not publish flow rates.

As for the Oracle of this stock he seems strangely silent on the selling question and generally on thoughts of what the lack of news at MOU-3 means for the investment case.

This is at least now priced more like a hail Mary punt with a 1 in 8 chance of success.

Ireland they are at the behest of the govt and we are already c.$900k behind in FCF from Trinidad with no explanation.

Just as an aside, the £9.5m was also oversubscribed and recall some who made much of PRD leaving money on the table.

That raise was 100m shares give or take. So the 40m shares could have been done for 20m shares and arguably a chunk of the 100m shares have not seen the proceeds used wisely. So what are we talking 70-80m shares wasted? Getting on for 12-15% of the share capital.

With that and the litany of delays how many goes does PG get at running this and telling us nothing.

donal

you publicly traded in and out of the share and posted your pictures to maximise negative sentiment and optimise your buy back point.

if that isn't being a trader who deals in spreading fear and loathing i'm not sure what is. your efforts to traduce others and disassociate yourself from the cohort is laughable.

yes i've traded but i've called the concerns out jn advance and even said it was a screaming sell signal to all concerned. also called the placing before the rns.

so by all men's comment but drop the whiter than white *******s

This stock has its share of promoters and detractors that's for sure.

Honesty though is quite important in how one posts I think. Someone like KeithOz for me is exemplary in that whether he gets it right or not.

Others often appear bullish but unless I've missed it don't answer simple questions - for instance GRH said he'd have been tempted by the placement but haven't seen him confirm/deny whether he has ever sold any shares?

I've been open whe momentum is against I've sold twice and bought back. I'm not a trader but merely I hope a common sense investor.

Madman rob says he is in and frustrated but remains long but if he had sold and bought back could have been riding free or close to it. Everyone has their strategy but if loudly promoting the stock hopefully they are not also selling the dips.

Interested in the response.

It's preposterous really that after 14 months in which Sandjet was originally meant to commence we have nothing substantive. The RNS per the below clearly states update will be provided when testing complete and it is pretty clear from Donals photos that not much is happening.

he Company is introducing new rigless testing technology in the form of the Sandjet testing tools and the Baker Hughes coiled tubing unit. Positive results from MOU-3 could potentially transform rigless testing strategies and increase cost-effectiveness.

The MOU-3 testing programme remains as announced on 6 June 2024.

A further operations update will follow once the MOU-3 rigless testing programme is completed.

Paul does pick his words,

Unsolicited approach - could easily be from Novum with their eye on the commission.

Strengthen the shareholders register with investment from a single institution.

This would allow it to be Novum and for a good chunk of the stock to be forward sold in the time available (which I believe remains at a minimum is amoral and on the other end of spectrum is or should be illegal).

Remain to be pleasanrly surprised if it is a strategic investor but time will tell.

Porters

Not sure of the volumes in the run up to the placing, if the 40m could have been flipped but the run down from 8.5p fully funded to the issuance was clearly driven by something.

Doing so is surely not permitted as anybody forward flipping a placement is doing so with knowledge of the coming placement thus creating asymmetry of information.

Paul has inflicted that on the shareholders once before and delivered nothing, if he has done so again and done so under the cover of claiming a cornerstone investor it undermines his credibility further.

For me, I'm mostly derisked and waiting for the MOU-5 drill in January although don't think it will be Jan.

For the cost of the placing, it's either from cash or the costs listed are gross of the cost of sourcing the funding which then explains probably 6-8m shares being flipped which I'd reckon is about the placement cost £250-400k.

Ironically, what was the cost of perf with guns, G&A during delays and aborted Sandjet in Sept'23 among others. Probably.not for short of the net proceeds.

Porters

Not sure of the volumes in the run up to the placing, if the 40m could have been flipped but the run down from 8.5p fully funded to the issuance was clearly driven by something.

Doing so is surely not permitted as anybody forward flipping a placement is doing so with knowledge of the coming placement thus creating asymmetry of information.

Paul has inflicted that on the shareholders once before and delivered nothing, if he has done so again and done so unde

Porters

That will be the broker and the morning of the announcement I suggested the activity felt alot like forward selling of a placement then the RNS dropped in the afternoon.

Zenith have designed drills and are not world leaders by any means but compared to Lonny and Paul sitting in their bedrooms faxing pencil drawings to each other its an improvement.

Bold

There is no sign of churning, which is indiciative that there is a single investor. Unless an institution signed up to a lock in period which is more doubtful.

I'd like more info on the 6 month plan and still believe the testing budget in the raise for MOU-5 and MOU-3 middle sands seems chunky but if that takes us to MOU-5 being drilled and tested by end Q1'25 that is progress.

Have said before, if Zenith are helping to design and organise activity it should be more effective and efficient.

Well done Sandy giving up your time for such a worthy cause.

It distresses me these last few days at the astonishing absence of poppies displayed by people. My Son and Daughter have them proudly on their blazer, the elder one understanding better the sacrifices made having just done WWI as a topic at school.

Well done again Sandy.

Hope you enjoy Sandy playing in front of a big audience must be quite a buzz. Just managed a few thousand when playing rugby (badly) nothing like the crowds for the Tattoo/Sunderland.

Ford

What has PG specifically achieved in terms of tangible asset value?