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I say tomato….. you say a load of old gobledegook !!!
All your claims, accusations of me trading shows your naivety, even if I did trade (I do not) you seem to think a trader can influence the price…. It currently takes approx 600,000 shares to move the price up/down approx .75p take out the spread and trading costs and a trader is out of pocket.
I buy and hold, buy more, I am accumulating ahead of good news.
So again back to counting your toms, you can count can’t you HartleFOOLbob ???
HartleFoolbob.
I have NEVER stated I am a trader, this an untrue statement.
Quite the opposite, I am a investor, I bought more shares after the last RNS, to add to my substantial holding in PRD.
Go back to your green house and play with your tomatoes
GRH as mentioned Oil on X/Twitter this morning, and he states we could be sitting on a VERY significant oil resource.
I have mentioned this numerous times, but for those new to the BB we could be sitting on anywhere from 700m barrels to an upside of 3 Billion barrels.
Industry typically places a in ground Valuation of $3 to $5 pb of recoverable oil.
Do not underestimate the value that can be added to our portfolio. Billions.
Yes there is already an oil refinery in Morocco.
MEM
Re ITR ? Speed of production/publication and cost.
Chunky trades going through, look for more, in after hours trading🤞🤞
Ladies and Gentlemen,
Please start your engines
MEM
S13, I fully expect multiple Billions as we unlock the riches of our equivalent of 66 North Sea blocks.
Only now are some people starting to fully realize what we are probably involved with.
Buy now or lose out.
DYOR
Thank yo DICKO, glad to see someone else spelling out the opportunities in clear language.
BILLIONS at stake, my only question, do I have enough shares, the answer, not yet, hence still buying at these ridiculous prices.
Thanks
Looking through this mornings RNS you can extrapolate an extraordinary average EPS of 33p re the 10 year economics for Project with an IRR of 240%.
At WTI US$76/barrel spot price the gross undiscounted operating profit based on the above FDP is US$202.12 million.
NPV @10% is US$ 85.14 million.
IRR is 240.9%.
Undiscounted net-back is US$19.61 per barrel of oil.
This provides superb long term earnings potential, which could be improved with possible CCS leading to increased RF.
If we can increase OIP, increase and stabilise production (allowing for a long term viable fix to the wax issues) , I can foresee this valuable asset sold off for a very large profit.
I can finally see PRD’s path and timescales going forward re both Morocco and T&T.
Folk might wis to re visit my previous post regarding non linear valuations of an ever increasing gas resource in Morocco. Stunning, now add in CM.
An excellent RNS.
MEM
Approx 1m more buys than sells, I would expect 0.5p up
I did wonder !!
Can you please post the twitter link, thanks
Morning BRV, I like your research, you are joining the dots in a very thoughtful, considered manner.
You make a very good case re CM, we could argue about the exact figures, but I have to agree with your general assessment .
I stand corrected (said the man at the chiropodist 😀)
HNY - 2024 will unfold into one of massive positive change for PRD.
MEM
Agree that GRH statement looks a little difficult to quantify. I have little confidence that CM will provide any meaningful contribution to PRD’s bottom line in 2024, and seriously concerned if PG is relying on CM to fund additional planned drilling in Morocco.
As with everything at PRD - a statement made with absolutely no ‘how are we going to achieve this’
The devil is in the detail.
However the focus is currently on Morocco, let’s actually achieve a start date re Testing, with notification via RNS to the SH and wider audience.
I am hugely optimistic of our Moroccan assets, but it’s going to take time to prove up and sell off, striking the correct balance of upfront payment and stub equity.
The share price, coupled with the story/known facts, make for a compelling investment, just on Morocco alone, in a very short timescale.
It’s been emotional !!
2024 is the year when PRD start testing, even with a smaller test horizon, we should be able to read across and extrapolate, applying known/expected income, to help arriving at initial valuations.
CNG operation will be finalised and Contracts signed = INCOME GENERATION = VALUE UPLIFT
Three more drills inc deeper Jurassic, gas, oil and Liquids, more testing.
My prognosis of a minimum of 19Tcf, with a likely uplift towards 30 TCF, possibly much much more, as drilling and testing increase our knowledge of the geology.
2024 is our year.
Large cash reserves, zero debt.
Just need far better Comms, that should be PG’s New Year’s resolution !
Peace in UKR Gaza and Israel.
MEM
Someone posted on the BB a few days ago re Helium. (He)
After MOU 4 I seem to recall some core samples being sent to NuTech for analysis, did we ever hear anything back re the results?? I do not believe we had any results posted.
So we the SH have no idea, even if we have some Helium, which is worth 100 times our gas. Just 0.1 Tcf of He would add an incredible gearing to the end valuation.
Food for thought as you tuck into your Turkey.
Have a splendiferous Xmas, but think of those poor souls in UKR and Gaza.
Peace to all.
MEM
Why/how do you know that is tosh ??
Idiot
OMA…. There might lay the answer why no testing, there is little pressure (pardon the pun) to get it done, no direct competition.
If ONHYM are not pushing, plus we do not know all the facts, interesting scenario.
I do wonder if there is any friction between Lonny and PG???? Ying and yang !!!
Maybe Lonny is gagging to test, and PG keeps saying not yet, got to wonder at the dynamics of that relationship, Lonny was brought in to drill and test.
MOU 2 ????
MEM
PRD are setup for success, CASH reserves are very good.
Yes CPR to come re T&T - very soon
Yes…. Comms from the Co could be better, but the TIME element is the hardest thing to pin down.
All KNOWN facts look very favourable, but I strongly suggest there are lots of moving parts, some very secretive until PG must show his hand.
Patience is key
Nm