Member Info for JamYesterday

MunnieTorx, how did your CTL spec go? 40p by xmas, wasn't it? I see you got F&M pushed into that one also. But praise your single win, by all means. LOL.

How does 16bl/d of oil from TT give PRD "income security"?

LOL.

Imagine for a moment that PRD is acting like Ukraine in Guercif, and unknown but powerful forces inside Morocco are the Russians, with America being represented by a large international O&G co, not particularly friendly towards European interests.

Does that seem like how this scenario will play out?

Anyone think that Ukraine will come out smelling roses, it even survive?

For all you lot know, maybe Lonny has been having conversations with GRH of late, leading to his selling. Something triggered it to PRD's strongest friend.

If awards are not enforceable, what is the point of the ICA?

Msmn, Prd...quite a reputation for picking losers, you're getting now, MeM.

You flip flop so much, they aren't worth reading.

MeM, I thought you owned millions of Prd shares based on your 16Tcf of gas resources estimate at Guercif.

Who are the "ex-directors airing their dirty washing... on social media" that Lonny mentions?

This being Africa, is it too far fetched to entertain the possibility that the Nigerian govt has its eyes on Accugas in the event that SAVE's financial difficulties persist, even if they have been brought about by entities with close links to the heart of govt?

"So, as AK says, the solution will be to work with them to try to get payment as and when possible- likely to be a drawn out process ..."

MudPump, yes I understand that softly softly approach may work, especially if the period ahead remains relatively calm for the Nairu/US$. But if not, might this not develop into a dog chasing its tail scenario? Neverending? And I'd still like to know if these entities consider they havea stronger bargaining position, maybe based on their close links with central and local governments, to treat SAVE with complacency.

So you don't think that the decision to produce SPG qality graphite in country, rather than shipping out unrefined product for beneficiation elsewhere, is not something that the Ugandan regulatory body needs to approve?

You're either very naive, sir, or just got a vested interest to see this project fails. Which is it?

Thanks Scotpak. I did just go back to the beginning of this thread, started by you.

It's a clear enough issue, as you describe it. I am wondering why larger entities, some international, some private equity, with presumably full knowledge of what they signed up to in terms of potential financial liabilities in a Nairu depreciation case, have failed to honour their obligations. All I can think of that collectively they have taken a view that SAVE was totally preoccupied with their acquisition strategy and indeed was/is considered a relative small fry and subject therefore to the typical treatment of small suppliers of parts/services with large customers, everywhere.

Maybe now with this extra funding in place, and the lack of overseas expansion distraction, the debtor companies will accept their obligations and start to pay up. What financial redress might SAVE consider starting, if they don't?

Sorry to bring this up again if not already discussed, but can someone please explain how come this receivables issue has sprung up again, at a larger scale than ever, when I thought it had been dealt with a few years ago as Accugas was being acquired and the NNPC was being established.

LSE, if you read these posts, I just want to say that putting out video links like this are useless. Each PowerPoint page lasts for around 10 seconds, nowhere near enough to read even scantily what is the content. The written RNS is all you need, plus an interview with MR if possible.

Another box ticked.

Zengas, as much as I would like to believe that SAVE is the new Seascape, rising phoenix-like from the ashes, it may not be the right analogy. Seascape did a very real pivot away from the NS towards SE Asia. It jettisoned old management and brought in new experienced top level people. SAVE, on the other hand, is still flirting with the idea that it can be a neo-colonial asset acquirer dealing with despotic regimes, and the old management in charge of earlier fiascos is still very much in charge. Only the sp collapse remains as the common denominator. But best of luck, anyway, as you are always the most thoughtful O&G poster on this entire website.

Last time there was a FU, it was Lonny who had to fall on his sword. The only one left now to carry the blame for the latest in this continuing saga of missed opportunities is PG, but his arrogance will stop him from doing the right thing.

Why does the offtake deal(s) have to be concluded before the DFS is completed?

All these articles tell us is that PG cannot communicate with entities who have buying power, behind the scenes informally or via rns formally. Wealth destruction on this scale is unprecedented if there was indeed a "discovery" of commercial significance.