Member Info for Jonmo91

There’s been plenty of people on here who said they read it to see how poor it is. He/she is denying it’s him to keep the argument going. People thinking their clever are doing what he/she wants.

Yes i realising I’m doing the same under this thread which he actually been named oil man jim.

This board has become unreadable. I won’t be reading or posting anymore, not that I offer anything!

GLA genuines.

All L10 wants is ‘Oil man Jim’ to continually be mentioned for the publicity under ‘no publicity is bad publicity.’ Says something contentious and everyone is jumping on it and they get what they want. That and any informative post gets pushed off the page.

We won’t know for sure until they expand but my understanding from previous RNS is the CNG would be more of a financial work up to sell on to the purchaser. That may have changed with them proving up 0.36 BCF to a single user.

With residual MOU4, extended testing, MOU5/Jurassic and T and T commitments near term I’d be surprised if any of the £10m was for the actual physical CNG side. I’d expect that to be financed separately.

Either way we’ll know soon enough.

Can’t see CNG development studies needing long lead items. Sounds like items for MoU5/Jurassic drill.

Perhaps they need no long lead items for re entry. Just the correct mud. Would that keep the star valley rig under contract while they pursue the necessities for MOU5 or whatever they’ll call it?

I would think PG has bought enough goodwill since he’s been there, especially with Lonnys contacts. He definitely sped up considerable in the last 6 months. Maybe the goodwill bought him time.

If it’s a major hydrocarbon discovery you’d expect a small cap to get squeezed at some point. With no debt and a healthy bank balance I wonder what the angle will be.

I guess the answer would be is it dirty ticks to shake Pis out or dirty tricks to run interference on the flow testing to delay the results

GRH answered a couple of times that he’d neither bought or sold recently, not that he needed to clarify. About as stupid as asking him to clarify if he was inside.

Nigel, others berate you. I take the view that it’s not your fault as there’s no cure for being a c**t. Was it nature or nurture? Was you born one or was it society? Seems a you problem though.

All the spivs posting on here saying placing imminent and sell. Worked hard to get that average down to push for that 11p. The market will take it towards the placing price anyway. All disappeared now. Doesn’t take a genius to work out who they work for.

GRH thanks for the explanation. There would have been a lot of that at play, but the inference from the previous RNS was that the prospectus/CPR was due next. The question on many peoples mind is why raise, including over the minimum, before the prospectus was released which is in its final stages, assuming of course it leads to an uplift in price.

We won’t know until it all plays out.

It’s done now and money in the bank which gives PG options.

Zebra has been here for a long time.

Placings are necessary, people take exception to the unnecessary dilution. PRD have a history of poorly priced and timed raises, anyone here long enough will know that.

PG and Lonny did loan and sell their shares but they are being paid a decent amount of interest to do so. Had they released a prospectus after the first time he did it, they wouldn’t have needed to the last two times. This way they earn interest on shares that otherwise would have been dead money unless they sold.

It wasn’t a good deal at 11p. It was for £7m minimum. They got £10m and it was still over subscribed, that tells you it was done too cheap.

Finally, the strategy for PRD is to prove up and sell on, hopefully with a special dividend. That amount whether you’re in profit or not will be reduced with the dilution.

Since MOU1 in 2021.

PRD have been much changed this year since MOU2. They are flying and I am positive. Should be able to discuss things on here but get stupid replies from the normal crew. Laters.

Read previous RNS in relation to testing.

It’s a genuine question you bell end. Clearly they need to test or PG would have sold prior as stated in the Roast interview. Now he has raised £10m and the tweet suggests MOU5 drill.

Are they testing the other wells before or at the same time?

Helpful bob. Jimmy is the most unbiased person on this board and he said the same.

Get back to your turnips or whatever you do.

These initial results must be known to get the ‘institutional investor’ on board. Can PG hold these results back until the prospectus? Maybe if it was released quickly after the placing but it’s getting on a bit now.

If you’re in for the results dipping to low 11’s seems more a drama for the flippers. It’ll pass, it always does.