Member Info for Jasper13

hlm...you are quite correct. And just for context the legal definition of an appraisal well is as follows :

"Appraisal Well means any well whose purpose at the time of commencement of drilling such well is the determination of the extent or volume of Petroleum contained in a Discovery."

Spectre…. The fundamentals have never changed, in fact if you read between the lines and detail in the recent announcements, they have actually got better. However the market has not recognised this yet.

Sentiment can change in a flash. Funny old game this investing lark.

Chesh....yep thats the RNS of his share sale. Can't see any RP quote of his "lost confidence" in there? Keep trying....it'll help you commission average for today.

Chesh....give me one quote, one sentence, one interview or anything from RP where he has openly said he has no confidence in the projects? Go on, I would really like to see what you have to back that up?

Have a feeling I could waiting a very long time.....

mannan...I am entitled to post my opinion. Significant holder and believe in the company's fundamentals. Not impressed as a lot of us are regarding the company comms though. When you say tanking? Do you mean past or present tense? On my monitor today its showing 1% down. Is that a tank then in lingo speak?

Chesh....didn't take long for one of the morons to arrive did it? Please do feel free to bless us with your thoughts on matters, I am all ears, and happy to listen to balanced debate as opposed to teenager school drivel.

RP is on a 3 month notice consultancy agreement. £85k per annum.

He has/had shares of:

7,549,794
(5,085,794) sold 13th - 16th July which netted him £334,956
2,500,000 - balance

He has options of :

4,005,486 @ 2.8p subject to 3 criteria in Trinidad being met - consideration price £112,153
3,850,000 @ 5p subject to 3 criteria in Trinidad being met - £192,500
7,855,486 - total options

Total option consideration - £304,653 at an average price of 3.87p

Some assumptions :

1. Trinidad has come good and the 3 criteria been met. News not released yet.
2. He needed some cash for personal reasons - tax/medical/family (who knows)
3. Take his recent share proceeds and what is required for the options, leaves him £30k. £30k for whatever personal reasons.

He exercises (or maybe about too) his 7,855,486 options, gets them at a nice average (below todays SP), plus he still has a further 2,500,000.

Now this is maybe wild off the mark........however I do not think he has sold for anything other than personal reasons. And perhaps those options with the Trinidad conditions are about to be exercised. Puts him back to parity and some.

Bit of of theme here. I have written to him also in the last 24 hours, plus a few weeks ago. No reply. He'll be feeling the heat no doubt from shareholder comms, and quite rightly so. Time to step up and tackle these issues/frustrations head on. After all we are paying his wages.

tmh…..I was thinking and having the same dialogue with GRH earlier around this very subject.

Who has driven this placing strategy ? Their brokers because they know it’s an easy sell to clients based upon the now known results or PG because he genuinely needs working capital funds?

As a previous 15p placing investor you’re going to mightily peeved surely?

Something smells about this.

It’s a resounding stay from me. Known you for over 10 yrs. You called GKP absolutely spot on. You’ve always been upfront and honest here, posting over 12 months ago when you first bought in here.

Don’t allow the LL brigade to shun you into silence.

Nige .....is that you giving cjmorley a ticking off .......have to deduct his commission on that one :-)

cj.....Just a few snippets from the last two announcements in case you haven't taken the time to read them.....

"Based on the positive indications of the presence of gas in MOU-1......"
"Based on these positive results the Company will be proposing to its partner to drill the previously defined MOU-4 location later this year....."
"The first step was achieved by successfully finding gas in the MOU-1 well some 49 years after the last exploration well......"
"MOU-1 therefore further enhanced the CPR prospective gas resources ......."

These are the company's words, interpretation and announcement to the market. Does any of those statements above suggest its a duster (as you put it) or that it has not delivered in line with the CPR report? I don't think so.

Keep trying.

cj....suggest you educate yourself on a well deemed as a duster and think you might find that companies will announce that the well has been "plugged and abandoned." Can you please point out to us in any of the recent announcements were it says that MOU1 has been plugged and abandoned? I sure as hell cant find it.

GRH.....many may have missed my previous post amongst all the mayhem that is ensuing here, so for the benefit of anyone wanting an insight of the "dark arts" that take place amongst the lexicons, you really need to take a look at this post on twitter in the link below ....

https://twitter.com/stale_bull/status/1414980373885358087?s=21

Now this may or may not be going on with PRD, but for my opinions worth (I'm entitled), I would suggest we have a crew working this share at the moment to drive down the price.

PG will be blissfully aware that the market has not reacted well to the last two announcements, and I suspect there will be plenty of dialogue within his team around how/when they need to update the market with clear and concise clarity. This could come at anytime.

GRH has given his own opinion on matters, and both he and I concur on this. Yes, for sure, the communication has been very shabby leaving too many unanswered questions, but there will be reason for this. As investors we are then left trying to join the dots.

I am going along the thought process that MOU1 delivered what it was meant too, plus a lot more. What does this mean? The enterprise value of Morocco has just got bigger.

L2 v for anyone remotely interested, not that it means anything is 150,000 v 60,000. I would hardly call that a mass exodus. Just more scare mongering again......ignore the noise if you are still invested because you believe in the fundamentals.

"Major investors are selling" - can you back that up with any facts? Or is it just another opinion. I am sure everyone on hear would like to know which major investors are selling? Perhaps you could name some of them too?

hannay....KKR have pulled out of the oil and gas market after getting burnt to the tune of $3bn.....again this is from Roland.

KKR will not be funding OEX in any way shape or form.

JV will be the route.

Jack....Cambay will be funded by a JV, they will not fund themselves. I have had that confirmation from Roland.

Making no apologies for posting this. Just goes to show the depths city firms will go to in order to try and effect a share price and scare investors.

Wonder if we have this going on on PRD?

https://twitter.com/stale_bull/status/1414980373885358087?s=21

Where have they said they won’t issue an update on wire logging? I don’t seem to recall they have.