Member Info for InJamesweTrust

The forum should be about the exchange of ideas, positive or negative/questioning regarding the share and it's prospects.

What is said on here in my view has no influence on the SP and as someone who is long I'm not aiming to talk it down. Would I have liked some things to be more efficient, of course.

Some of the values proposed for immediate term do seem ambitious.

50mmcf/d is potentially worth $200m p.a. but on a 10yr NPV 10 discounted to 40% is c60-80p a share. That is what I think CNG could be worth if they can get assurance on flow and asset size.

There is then MOU-5 which as Jimmy says may be de-risked if they test flow on MOU-4. However, if intending to drill anyway perhaps that would just delay matters as and when funding for this and timing is clear.

This is potentially a bigger resource than MOU-3/CNG and if proven up the values then would be markedly higher but a chunk possibly only realised over time with initial value needing likely multiple drills at various spots to prove up.

Much of the name calling originates from one or two longs when they don't like a post because it isn't all pom poms and cheer leaders.

Many of the posters in here are very helpful and clearly less frustrated by delays than I. Hopefully the BB can return to a degree of civility.

Sandy

Enjoy your weekend and good on you for giving up your time, volunteering is so important. As someone that has a view to the castle from our house and can watch flypasts and hear the concerts the Tattoo is a fantastic show and an amazing spectacle.

It is a risk reward player here and I hope for myself and others there will be commercial quantities of gas. News this side of Chirstmas on MOU-3 would be a pleasant festive bonus.

Sefton - I'd take Kamala over Trump any day of the week but each to their own. I'd also have taken Sunak over Starmer but definitely not the odious Farage. Again, horses for courses.

Sefton - when someone starts calling people thieves then I'm pretty sure that meets the criteria.

Paranoid much - wow, the level of paranoia some of you guys have seeing malign forces in the shadows is comedic. I can ignore the moderately libellous element of it without suddenly shouting about lawyers as others do as it simply ridiculous some of the conspiracy nonsense people are positing on here.

I reported the post and would be surprised if others didn't also.

There is no need for the narrative to become abusive.

Ninja

There isn't ever any call for that however you.may view somebody's posts

Another one totally GRH - are the lower highs and lower lows all part of PG master plan to confuse the majors.

Sefton

It is perhaps not as highbrow as Shakespeare but I'd consider you similar to Steve Martins The Jerk in his stupider moments or Jim Carrey in Dumb and Dumber - take your pick.

Jimmy

There are multiple interpretations and yes the ambiguity isn't helpful but I believe it is around announcement or achieving settled flow rates assured by Zenith.

This may prove erroneous as the RNS leaves room for a more negative interpretation too unfortunately.

Jimmy

I took first gas flow rate to relate to what is announced rather than an absence of flow yet from the well. With Zenith being involved to confirm the flow, although I could be wrong and they may be there to stimulate flow or achieve it in the first place but my view is it has flowed.

Keithoz

My original post this morning was relating to inferences I made about why Sandjet looks a success but not being sure if technical assumptions were correct.

An.innocuous post that was then attacked by the crazies.

Still no skin off my nose if you ignore that and jump on the bandwagon of abuse.

I've been on lots of projects some on time, some late but mostly all with defined timelines.

Spuds

They sell more adult nappies than infant ones in Japan. Also, if its good enough for Trump who apparently needs them (too much speed and adderall in amongst chats with dictators and murderers).

Razorman

Sorry to hear that the delays may prevent you from seeing this out to establish if it flows or not commercially. I hope this will not be the case but it is one of the reasons PG's lax attitude is unfortunate.

Tonight I'm writing up thoughts on a multi billion project in construction but some EPC contractors are suffering delays. This is a much more complex operation than the Guercif sands but they have committed to a defined timeline and budget funnily enough. Otherwise there would be no credibility to lend to them.

One hopes we are nearing the denouement but all are reduced to guesswork.

If the whelk stall is going to take a year plus for the Gorilla dust sandstorm to clear before serving whelks then it is no wonder they're about as common as Pearly Kings and Queens now.

pareto

there are a few folk on here that are septaguenarians or later so another x number or years doesn't suit. if the company never sets a deadline then it can ignore any need for corporate discipline. that isn't a positive - i've posted the repeated delayed just since last july.

now just consider if they hadn't ****d it - mou-5 and sj could have been completed 6-12 months ago in a higher oil price environment.

i'm lucky to have life pretty good so this is maybe a cherry on a cake although it would just be reinvested but for those struggling with family illness or personal challenges then these delays have real impact.

it most certainly hasn't been rushed and don't propose expediency that results in mistakes but alas it is mistakes that have prevented expediency (although not prevented bonuses).

Sefton

It is.nothing to so with manipulation, it is the absence of concrete data to demonstrate the gas is there, consistently flows and is exploitable. PG is previously on record if being dismissive of the need for this, clearly the market thinks otherwise and PG refuses to give a timeline for results.

FootandMouth

Think you mean me and if not wWell given it was mentioned at the time because we had all been assured Sandjet would be completed in Sept - not another bloody year that's for sure.

I think Gorilla Dust was first mentioned a year ago - shows the pace of M&A under PGs rate of progress! That's a long time to be in a sandstorm

Rob

Think that is a positive on adviser payment.

My inference is the SJ kit being in situ still is positive and just wondered some of those more technically minded agreed.

However, it seems to be perceived negatively!

Sandy

Try to read the actual message and then think if I say that overall the presence of SJ kit at MOU-3 is likely to be positive. I'm bot a cheerleader and don't have pom poms with PGs initials on them like some.

The absence of info does create a vacuum but with the technical knowledge on the board I'm inferring that testing is proceeding positively and asking others with more technical knowledge if the inferences around the kit and activity chime with their own understanding.

Now tell me again it is FUD and that will go a long way to confirming your IQ/cognitive dissonance is around the level of Winston Grooms main character (was discussing the books with my son last night).

Alas, when PG refuses to give a timescale it just opens the window of uncertainty. When he brings in Zenith with little explanation it doesn't help some.

However, Keith and those more technically minded can probably help here. The SJ equipment remains in situ at MOU-3 - now if Zenith were here to design a sidetrack because SJ had failed I'm not sure the equipment would still be in place- surely moved to MOU-4 to make most of the spend.

If there was a sidetrack for.some of the 20 intervals but SJ was still balancing flow in others still a positive.

So presumably the presence of SJ kit at MOU-3 can be inferred as a positive.

Don't know if Zenith would do chemical stimulation if SJ has penetrated the mud but gas hasn't flowed due to clogging beyond mud wall. Not sure SJ kit would be needed for this.

Fully 4 months after PG had the temerity to tell us for the second time (after Sept 23) that Sandjet was commencing, when it wasn't really I do think he could update the shareholders.

So I'd say overall SJ kit still being there is positive. Although for flow testing is the CTU and measurement unit needed to switch flows on and off from the intervals if seeking to balance the same?

When results are due, a vacuum will lead to uncertainty and thus PG seemingly not wanting to be in hock to (imaginary) traders and dark forces creates the questions.