Member Info for InJamesweTrust

Interesting context KeithOz

Pv72

I hope (and expect) PG is pushing size of PRD resource to prove up versus Chariot and suggesting to OHNYM we should be head of queue.

Mentioned last week I think Sandjet is imminent as this delivery seemed contractually definitive in the comms.

Appreciate that drills can be a challenge due to kit my frustration is, if we have allowed ourselves to fall to back of queue when it has been planned for sometime.

Usual mushroom treatment from PG.

At the Proactive event Sandjet equipment was due to start arriving from mid-April with testing commencing end-April.

Note the Financial statement contains a note saying the contract is signed for SV rig but not timeline.

I do hope given how long it has been mooted that they have ducked in before Chariot/Sound but the silence is currently deafening.

Ford/GRH/Keith

If the rig isn't available, do you think we should crack on with Sandjet or wait for an indeterminate time?

Is there a time frame without action in which you think the BoD would be required to update shareholders on plans?

Kit costs money and what we need is clearly in demand so it may be that to save on costs the activities need to be staggered out of necessity or we would just be paying for rig/tubing to sit idle while waiting for other to become free.

If we tests 260m and get anywhere near 1m/scf a meter then based on the NPV of the CNG and other uses it would be a very positive result and could be compartmentalised in event of an offer being made.

There are potentially large sums at stake but we don't know for sure and market doesn't yet buy in. Blindly trusting regardless of elastic timeframes is something few CEOs would get away with.

It's a simple hypothetical to answer and something most folk face daily about deliverables and decisions on what to prioritise.

Ford/GRH/Keith

If the rig isn't available, do you think we should crack on with Sandjet or wait for an indeterminate time?

Is there a time frame without action in which you think the BoD would be required to update shareholders on plans?

Keith

I.think there are more than 1 types of posters.

I'm positive on prospects but negative on the Time it is taking to progress. If SV-101 is not available until August do people seriously suggest we wait until then for Sandjet to have results come out along with drilling?

we should be due the annual report any time which should have a post period end update.

this should be easy as they can cut and paste the below from last year

the moulouya fan has been identified as a sizeable asset capable of in itself potentially supplying all of the current industrial market's cng requirements. it will require additional wells over time to maintain and scale up the gas supply, but the priority at present will be to complete a drilling and rigless testing programme to validate the commercial cng concept.

that we still have not validated this despite it being stated as a priority at the last period end is frankly a bit ****. still, let's see what is said in the statement as they may be further on than we realise. no news on plans is not great in terms of shareholder engagement.when results are released.

Current global rig count is 619, was 748 a year ago but alas it is the type of rig and mobilisation cost that are major factors for operations.

No point bringing in a rig from 5,000 miles away when one is closer even at expense of a month or two delay.

O&W

Don't think the other Petroleum Amendment agreements were advised by RNS if they were 6 monthly also as just had a skim through a few RNS' - granted not forensic, just as I race from sons football to daughters swimming.

Think it was mentioned because of the impact on testing so imagine it is in placement. Expect Sandjet kit is also being amassed as we speak with a view to commencing in May.

Sadly they may yet be kingmaker again after next elections in Scotland.

Androcles

That's was quite some advert from Ms Minogue.

Oldslow

Here for the potential as well. Mentioned this is risk capital and lucky I can generate funds for other risk capital investments. I see potential for a significant multi bag here, ideally I'd like to recycle that into other stocks if the timing permits to add to other investment in these stocks. Hence my occasional frustration at timelines.

Believe Sandjet testing is imminent.

I'm building on stake as think the next 12-18 months have enormous potential. Great work by the team who remain very open to dialogue and an exemplar in that regard.

Ford

Not here at a loss, just prefer they got on with it while.Im still relatively young.

Funds here is risk capital but I see other good opportunities. If there is no definite window to complete any sort of quantification then it is a Lifestyle company where PG pleases himself and makes up for dilution through share awards.

I'm lucky that it is risk capital and if minded I could buy millions more shares tomorrow.

The funds here might pay my grandchildren school fees some time in the future but if they don't it will be taken care of from salary and bonuses between now and when they may arrive - probably 15-20 years away but intend to be retired long before that regardless of events here or in other risk holdings.

So please infer whatever you like but am afraid you're barking up the wrong tree.

Ford707

It may be that getting them to align perfectly is difficult, hence getting on with one and accelerating the other is advisable.

Otherwise we face an interminable wait for stars outwith the company's control to align or hold Sandjet kit for 3 months while waiting for the rig.

Fwiw I think BoD will be receiving kit for Sandjet already and in process of procuring remainder to test the intervals in May.

Tritoretire

I'm glad also there is no debt. However, if timescales are open ended then it leads potentially serious delays. A bit of pressure can be good to achieve results.

Not ridiculous to suggest with scarcity of Sandjet equipment and demand for the rig getting access to them aligned represents challenges and as a result perhaps better just to get on with one and accelerate other as best as able.

Apols for spamming the bb - phone kept changing format leading to posting before finished.

Tritoretire

I'm glad also there is no debt. However, if timescales are open ended then it leads potentially serious delays. A bit of pressure can be good to achieve results.

Not ridiculous to suggest with scarcity of Sandjet equipment and demand for the rig getting access to them aligned represents cha

Tritoretire

I'm glad also there is no debt. However, if timescales are open ended then it leads potentially serious delays. A bit of pressure can be good to achieve results.

Not ridiculous to suggest with s

O&W

BoD has been clear that MOU-5 is funded.

Would add to my earlier post that is ASAP was desired timeline in Nov, then if not urgent it is certainly significantly overdue and time to get a move on.

That means doing Sandjet whether we have rig or not.

GRH

No worries, appreciate some of us may disagree but easy to do so cordially.

My frustration is the time lapse and it is shared by many and a cause of SP drift. Still invested as maintain risk worth reward. There is an opportunity cost to holding and we ant be expected to wait interminably.

Regardless of SV-101 availability, Sandjet needs to be executed soonest and in line with timelines previously advised.

In my deals I've seen CEO and CFO of different LevFin companies (significantly larger than PRD) pay with their jobs for missed targets in the last 3-4 months. Not suggesting this should happen with PG but he does need to adhere to timelines as clearly aligning the activities is problematic and cam lead to serious delays. Appreciating the potential benefit in doing so all the same.