Member Info for InJamesweTrust

Ah - thought it had been on here.

Thanks for clarification.

Note that GRH mentioned previously opining on Sound and various others but has been a member since only 2018.

Does anyone know what his previous nom de plume was?

Still baffled by the absence of testing having raised specifically for those purposes.

People trumpet T&T deal but frankly I don't see how that compares to the catalysts people expect with their multi-TCF numbers from Guercif.

An MOU isn't legally binding and doesn't provide a base for a contract if the other party is minded to change their terms following testing so to need one before executing the other just seems like a logical fallacy.

There are some serious issues economically and as markets potentially feel the strain then E&P budgets can get rained in and multiples/appetite can narrow considerably.

If the board think the gas is there then ffs get on and prove it up.

He might think testing is for retail but a) the other party in the MOU is taking their sweet time and not pressured obviously by PRD and b) don't see majors knocking the door down to buy without testing or why raise?

Yes people mentioned the bluff but a 4 month bluff is another fallacy - if they were negotiating with majors they wouldn't have been taking time out for a couple of diet coke bottles a day production from Corey Mugua.

Something seems amiss or doesn't fully add up.

Castlemartin

Nobody said it was an AIM stick just drew a comparison

Interesting to see what news can do to a stock, looking at Hotel Chocolat today. Someone did mention to me Sunday that an AIM stock (they advise food and drink) would have a takeover this week.

Too many choices didn't think about trading it but HC did come up as it has had challenges but is good concept. Anyway, up nearly 200% on the day yet out board want to wait to test instead of getting strong news out there - seems odd to me.

Don't hold any currently but will be buying back hopefully before any farm out/drill announcement. With govt sign off I'd be surprised if there are not some interested parties keen to know more if not champing at the bit

Donalb

Germany are doing likewise while seeeeking to build out LNG capability. They bought out a charter on a vessel I previously managed debt on and its sister ship. One to store LNG quayside and one to act as Shuttle bringing LNG supply in. Sensible really we need better storage here in UK too

Haven't been compared to GG before - great film with fantastic subplot around who the characters represent.

Of the time I still look back and think of Hanson and the behemoth James H and Gordy W built at the time. Knocked Goldsmith for 6 and Milken was quite a character.

I think Keith provides a lot of interesting info and it's referenced and easy to form an opinion on. He does so with less of the bombast of the other venerated poster on here. There is no harm in speculation and he is clear that he is not inside as far as company is concerned and therefore making inferences.

We are all social beasts at heart and being able to discuss what people think is happening openly is important including critique where warranted so I welcome his input along with those with opposing views (except where parrotted with no differentiation 15x a day as was happening with one poster).

Androcles

Was glad to be out of sound by then - my biggest worry here was always ending up with similar never ending promises but think PG is rather different to how James P turned out.

Ibiza28

Not the longest straw, multiple wells could be drilled in to a larger field and agreements between parties reached on a licence fee for extracting an amount above their agreed production/extraction levels.

The upfront payment is in the high tens millions/low hundreds because of CNG cost it isn't to sell entire business

Shortshrift

He may not be the messiah, just a very naughty boy.

A great quote from great film if you know it.

Donalb

France generally does whatever France wants and protects its dodgy export markets over international order at times. Whe Iran was sanctioned in 80s you'd always see Peugots etc cruising about when the news was on as they kept selling into them and always have. Understand much of the ceramics and hardware for reactors over the years have come from French companies.

Macron kept trying to be the go between with Putin as well. They're an ally of course but I'd always keep a watchful eye.

If we had done more of the same we'd have more manufacturing left and probably still be in EU as there would have been less resentment.

Que sera sera

Sefton82

It's often the case with founders, hubris can come too easily and from their lofty perch feel there is no need to converse with/look out for the 'little guy'. Robert Trice was similar with Hurricane he wanted to prove the big boys wrong and was headstrong.

Like yourself believe there is commercial gas there but the more deadlines are missed, the more credibility can be damaged/eroded and if they need to come to market the harder it may be.

For those that say PRD hold all the cards, if they did the GSA would be signed by now.

Hopefully, any wrinkles can be resolved and who knows his highness might deign to share via RNS when they do commence testing.

Just to be clear, being annoyed/frustrated with management obfuscation doesn't preclude one from believing in the asset.

This kind of misinformation goes to give junior shares the bad name they have with so many and stop institutions buying

Short shrift

Whe running a beauty parade for a 300m refinancing, we wanted to tie in a partner but we spoke to multiple lenders as equity it was the best way to create competitive pressure and model the outcomes to project potential gain.

Speaking to one person and not testing to give them exclusivity is not the way to create such pressure and get the best deal in my view. Unless, govt in country want a GSA done on favourable terms to serve the local market before allowing wider interest to come to the fore.

The GSA was well advanced when the fund raising was done - that is 2 months ago.

While I'm not selling as I think there is commercial gas there worth multiples of current SP - the disregard for prior statements and shareholders is ultimately disappointing.

From a cash standpoint if the cash raised for drilling/testingnis being used for T&T that is a serious issue (not withstanding fungibility of cash resources if you have plenty).

Short shrift et Al

If you raise the money to test, what is to stop you from testing. Unless they have concern around how OHNYM will react after results then I see little reason to delay. If they are going to blow the doors off, that should bring more people in rather than constrain options.

Fail to see the issue here (unless they have concern about govt) and want to establish contractual ownership to flows with gov as signatory

You're not playing chicken if you've raised the money specifically to do, you are (or to all intents and purposes paint yourself as) the chicken.

This is where NOMAD or listing body should be censoring directors as timelines matter.

We all get judged on deliverables and it seems PG doesn't pay them any regard.

GRH alluded to people holding on to shares in order to experience the best returns - lots will have set levels to top slice at to lock in gains if the results are good.

Whe PG talks of a sale and a result wonder if this is partly what he alludes to. Package MOU-1 and MOU-3 as a deal with a special divi then move on to prove up further value if there in MOU-4. If the testing in 1 & 3 cam prove up 1.5 TCF plus then there is decent value there obviously to package for sale and development without bogging down the company.

OHNYM may also be pleased to see new players entering the market in country to stimulate development.

Obviously need results to be positive for such eventualities to be possible.

chesh

with cessation of trading i hope it also marks the cessation of your pish and drivel for at least 60 hours or so.

testing is being planned or under way - for my money it is under way. the activity on the drillnsites from satellites seems indicative of that.

yes we get you'd rather an rns so you don't **** the bed but the company has indicated they'd update if there was a change and there has been no update.

we will all make our own inferences, we just don't need to make them 15x a day if you could aim for something more constructive and less repetitive/facile.