Member Info for Jasper13

https://twitter.com/stevienics/status/1621532440954036224

Conrad Asia latest presentation (1 Feb) state that the 2C resources (net to them 215 Bcf) deliver them $2.4 bn in revenue . That’s $11.16 per Bcf.

Post tax NPV10 of $442m

EME would net 35 Bcf x $11.16 per Bcf = $390m in revenue.

Post tax NPV10 - $71.7m

Shares in issue - 788m that equates to a share price of 9p.

Seriously under valued and all for just 1.25p!!!

Market might wake up when GSA signed.

https://yourir.info/resources/3f46e16f9e883e80/announcements/crd.asx/6A1134506/CRD_Investor_Presentation_February_2023.pdf

‘Gas sales agreement (GSA) slated to be completed by end of Q1 CY2023 with a tripartite engagement among Conrad, a Singapore gas buyer, and SKK Migas (the Indonesian regulator.)’

There is only one buyer now in play and Tom Kelly has confirmed to me that negotiations are nearly completed.

GSA agreement could land anytime this quarter as per the recent Conrad RNS. This will be the catalyst for EME to hopefully start to appreciate some increased value. The Mako project is incredibly significant for Indonesia and upon the GSA being ratified I can see some more corporate transactions with the licence. We may even see EME relinquish their share for a cash consideration.

The company is laser focused on drilling Topaz, which is a world class opportunity.

Any sniff of news and we won’t be at these prices anymore.

Is the scale of PRD’s opportunity now starting to sink in? Widening and deeper!! 3 separate sand seal intervals.

The size of this prize is unquantifiable at present, other than the CPR numbers, but I would suggest it’s very large, very large indeed.

The audience tomorrow I suspect will mainly be private investors. The company will have known this when agreeing to do the Sunday Roast podcast this weekend.

It begs the question why do two interviews so close together to practically the same audience to say the same thing?

Are we in for some unexpected update? Let’s see …

MEM…. I think you have taken the opportunity to add some serious poetic licence to GRH’s post which really is not in the best spirit for perhaps what it was intended. GRH has done extensive research and shared many hours of this but it’s wrong to twist matters.

I genuinely believe from my own research that we have a multiple TCF opportunity but this still needs much more verification and I am more than pleased with how the company are trying to address this.

The podcast airs at 11:45am tomorrow with PG

All you need to do is send the Sunday Roast a direct message on Twitter. That’s all I did.

Response was “Indeed we are”

Make of it what you will.

I have had the Sunday Roast interview 100% confirmed by Sunday Roast themselves. Intra-day anyone?

Caterham …. Once again thank you for your very well informed and factual post. It makes so much better reading than the dross posted here today. I’m just seeing a see of green on my monitor today!

I keep asking myself the question why would PG put himself in the firing line with investors in 5 days time if he wasn’t confident of relaying positive news? Makes no sense.

So have we as some other posters suggested encountered a new structure above the existing fan? If so is this going to increase our numbers?

Invite already sent from Flagstaff for Investor meeting next week. Accepted. Opportunity to submit questions in advance.

Now in my humble opinion you are not going to attend that meeting as PG unless you were confident of the plans going forward. May even have recommenced drilling to TD by then and able to discuss and share more definitive results.

I like this PR approach, very open and transparent and to detail the logs drilled to date is showing they’ve nothing to hide.

Well done Paul & Lonny.

Now why hold an Investor presentation whilst still drilling? Confidence in result?

Market has not fully understood todays announcement. MOU-2 is still in play and sensible prudent drill management is being exercised. That speaks volumes in terms of the professionalism of the board and drill team.

Zebra....can I suggest directing that to Flagstaff or indeed the company direct. I did to Flagstaff but only got this reply :

"Hi

Many thanks for your enquiry. We will update all investors as when appropriate.

Best"

Flagstaff email - tim@flagstaffcomms.com

Terrence....we don't know the exact details of the rig rental terms so we cannot assume that the daily rate "kicks in" just because the rig is on site. There may have been some delay on other equipment necessary to commence drilling which may have meant that the start daily rate may only trigger when everything was on site.

Unknowns that we simply can only have our own views on.

Keith as always a fantastic and thoughtful post backed up with proper justification.

I would add that I posted a few days ago about certain investors possibly having been taken inside. GRH post on Twitter is dated 12 January where he confirms he’s now going into a quiet period.

Coincidence or maybe for a valid reason. People can make up their own mind. I have 24-26 Jan in my mind as TD.

I reached out to Tom kelly the other week and he kindly replied. I was keen to understand where we were at with various projects and that as shareholders we needed a comprehensive update. Reply details :

> two parties have signed HOA's
> escalating gas prices have made the GSA negotiations more complex
> any agreement requires Indonesian Ministerial approval
> recent ministerial approval for the Plan of Development means that the operator is now very focussed on the GSA
> Topaz is still considered a world class conventional oil target
> working towards various options to commence drilling of Topaz as soon as possible

Duyung GSA is out of the hands of EME, so we have to just wait for further progress. Plenty of work going on behind the scenes to drill Topaz.

Tom is cognizant of the fact shareholders need a comprehensive update and this will come when there is tangible detail to report on both projects.

This is not a conspiracy theory message but just musing a few thoughts. It's not uncommon for very experienced and HNW investors to be sometimes taken "inside". This could be for a variety of reasons and just the way it goes.

I am not saying this is the case with PRD and have no known knowledge if it has occurred, however if so, it may explain why some posters maybe on radio silence. The last RNS detailed everything the company had to tell the market, albeit we didn't get a definitive spud date. I am not remotely concerned about that. However it maybe that radio silence commencing was the catalyst to that spud date.

Everyone will have their own view on spud date, TD date and next flow of news. For those invested that believe in the company and are comfortable with the risk v reward, its now just a waiting game. I am one who is prepared to wait.

Nick …. I noticed that today when I looked. It does look very different from the previous recorded images that I’ve saved.

Thoughts anyone?

Keith....now that is going to get people's minds thinking!

We know the drill is scheduled for 12-15 days per RNS. Yes we haven't been officially told of spud date, but having read certain posters views and my own thoughts I think we spudded 31st Dec/1st Jan so could be very close if not already at TD.

I think any announcement RNS we receive will be intricately worded and possibly certain data keep under wraps until firm verification from wire logging.

In any event we will know very soon.