Member Info for Jonmo91

So you’ve evolved from investing off of bulletin board advice punting at 16p to you tube videos.
Progress is progress I suppose.

Yes, there is always risk. If there wasn’t it wouldn’t be at 9-10p. I wouldn’t get nervous over such things though or I wouldn’t do investing.

Why would it be nervous times? They designed the drill with the problems of mou1 in mind.

What sort of time frame between drill completion and test results being published? Cheers

They may have to raise again and it wouldn’t surprise me if they did. They are managing three projects. T and T and Ireland will almost certainly need finance if they move forward. With Morocco the CNG plant may have some other kind of finance but they might want to drill MOU3 quicker than it takes for revenue to come in. That’s not a problem as long as the timing and price is optimal.

Unfortunately the market is bent. It can take it down prior to good news or allow people out prior to bad news. Any price action can be indicative of good or bad results.
Won’t know until company says what it has from the testing. I’ve been here 2.5 years and will hold for results. If it’s good or bad the price action a few weeks before won’t change what they have.
Any raise prior to results will show a lack of positivity from the company as presumably they could raise at much higher amount next month (assuming drilling has started) if positive.

Looking through the April 21 posts after his tweet last night showed how much he did contribute.
Maybe he’ll come back after a corporate transaction.

There was a couple of stub equity posts which may relate to any corporate transaction.

GRH on Twitter

“People are assuming that MOU2 has spudded

No idea WHY they think that

Yet!

#PRD.”

Maybe a fixed spud date would have averted people having to make assumptions.

I don’t mind the placings if it means we kept the field equity, although the timing and placing price has been poor on occasion.
The switch from a an RNS of a fixed date to spud,just two weeks ago, to we’ll let you know at TD if partner allows us is a cop out for any responsibility.
Hopefully it’s spudding this week and if positive no one will care how we got there when the results come in.

Very helpful Keith, thanks.

The fact you’re having to interpret it would suggest it’s not clear. Certainly contradicts the RNS on the 13th of fixed spud date.

Unless PG contradicts himself again, I wouldn’t have thought so
“A further update will be given, which is subject to partner approval, when MOU-2 reaches its intended pre-drill total depth of 1,500 metres TVD KB and prior to the commencement of wireline logging operations.”

Haven’t sold since I bought in.
Seemingly you can’t question a company without being a pump and dump trader.
Ramping crews number 1 answer.

What are you on about, PG’s RNS over the last two years has caused a lot of the volatility for the traders.

Keith no conspiracy theory. PG ought to know as much as you and should not have written what he couldn’t deliver on the 13th Dec regarding spud date if that’s the case.
I think PG governance is awful, doesn’t mean to say he won’t hit something massive in Morocco though.

Been in for a while and will stay in for the results, whatever they may be. You keep believing the parts of the RNS which make you feel better and ignore the parts that he doesn’t deliver on.
Ramping gang as bad as the other side of the coin.

Yes I have. Having a CEO who constantly doesn’t do what he says in an RNS leads to a lack of credibility which leads to iffy priced placings, ultimately diluting shareholders more than needed. Haven’t you worked that out yet, it’s happened more than once already.
Clearly the spud will happen, should it all go to plan the next risk is PG penning another ambiguous RNS with the results. Yes, he does that too.

Nice deflection to a genuine question.

Last RNS two weeks ago “Upon the conclusion of this process a firm spud date will be announced.”
Today’s says next update when at depth after drilling has started.
How long are final preparations? Why doesn’t PG just do what he says. In RNS.