Member Info for maestro1

with the placing so near the spud date, very difficult to see rise unless they do find the oil in Morocco, there will be plenty of ll's flipping the shares. I thought we would see a rise, i may have been wrong.

Chris In what sense, vobm 5 is a write off, you do know that.

Jimi I blame the board for this how the hell can a oil exploration company trade under cash for 4 years. Something you rarely see... Its absolutely shocking. I really hope for the shake of genuine investors gbp get a farm in partner..

I must say this is the longest time to get to td on from all 8 wells to date in morocco.

So news hopefully tomorrow on the Moroccan gas prospect, whatever happens i dont think the mkt are interested their, they are more interested in the IBN Yunus prospect which is due for TD around 26th April.

not with a COS of 11%. Char have COS of 29% and they are going it alone, Tullow with Pan Continental has COS of 21%. Both are way ahead of GBP. Totally destroyed Shareholder value here the BOD.

A company called churchill mining found a world class coal resource in Indonesia, the indonesians used some bad tactics to revocate the licenses. They used forestry excuse ie chopping trees in forestry area. They paid the courts in indonesia to agree with their decision. Churchill went to international tribunal and then they added a new allegation of forgery, claimimg the signature was written by autopen and the regent didnt sign it. International tribunal agreed with indonesia and threw the case out, they didnt even listen about the forestry allegations. All im saying is to everyone its quite clear the state is trying to steal the world class resource. For churchill the verdict which favoured the state took in total 7 years. This can be a long litigation process and no guarantee pdz will win even though we all know whats going on..

On vox market interview he is sounding like its business as usual, rather odd.

i fell asleep listening to PDZ what did they say about the court case?

ladytrade what did they say? they are getting bullied into the corner by jsw and the polish govt to sell the asset on the cheap. The polish govt can make pdz life hell. Going to court is not always the best option.

If an offer comes surely its an conflict of interest and investors would be able to complain about the manner they have dealt with applucation. Everyone clearly knows whats happened here..

Mik We have better chance seeing 20s before we see 50s again..

no the delay is because the state and jsw want the asset on the cheap and pdz are not willing. Me personally anything near �1 i will sell the company!! But i stress this can be a long litigation progress

jimzi not much they can say at moment, apart from saying taking legal action...

Diplomat No one is disputing that but it seems the govt want the asset along with their partner jsw. Pressure being put on pdz to scare them to sell. Pdz has plenty of cash to fight them will take time but they will be fine.

They are playing hardball and they can delay pdz progress is the mines. Not the sort of things you expect in eu countries, might expect it in countries like indonesia and african ones but not Europe.. Pdz will be ok just will be delay, sp will fall into 20's as pi's get bored.

Alot are putting faith a successful find in lnb-1 will increase find, non of the previous finds has managed to increase the sp even though morrocco is a great earner. If they strike IBN YUNUS then that should be great find.

I think investors need to be careful with this one, it evident they want pdz world class asset. This can take along time to settle via the courts. I will give you an example of a stock i own chl, we found a world class coal resource in indonesia, the local govt gave to past licensee after they revocated on flimsey forestry breaches. When we took case to international arbitration the excuse changed to forgery. It nearly 10 years now.. I hope pdz sticks it in them i hate bullies. Current mkt cap is 57m this may go lower..

shakey very disappointing the mkt doesnt like the finds in Morocco, the gas might be small in quantity but a great earner. I just get feeling even if they find gas the mkt doesnt rate it much but should it be non commercial the SP falls.

What news to get after the easter holidays..