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If CHAR can obtain that deal with massive offshore costs, imagine what sort of deal we should be able to achieve being onshore, next to the European pipeline.
Yesterday Director buy, coupled with slowdown of sells might well signify turning point on the sp.
All the rhetoric at the moment, when we should really be focused on some hard facts.
1. Huge local Co will be privy to far more info than us mere SH
2. They have conducted their own DD
3. We will know after testing what the eventual flow rates are, possibly 3-4 times initial upper plans.
4. Very likely our new partner may well expand their financial interests as the testing reveals the extent of our gas find.
5. Future JV possible
6. More plans re drilling inc PG mentioning oil. I’ve always said the oil could add huge value to the license
7. 2024 should see much more drilling, one or perhaps 2 more CPR’s, possible JV partner.
8. T&T CPR
Hold for near term value creation
PRD share of 2024 ??
Ford 707, I have stated many many times I think we are sitting on a huge amount of gas.
Am I disappointed with yet another delay, but not just another delay, a delay on top of the delay on top of that delay.
Broken promise after broken promise of testing, after numerous raises !!
If you are feeling jolly about this, all it shows me is your naivety, head up your … sheep mentality.
There is nothing wrong with a critical eye, question events and raise ones worries about quite frankly shocking Comms. PG’s credibility as a Executive Chairman is starting to flag.
Back to your flock of sheep !!
I think it’s time for both from me. I concur with Jimmy, his comments echo my feelings, I have long thought PG can at times display a level of arrogance, coupled with shocking comms.
I would respectfully suggest each SH email PG and Lonny requesting clarification if the 5th Feb deadline is missed, is there any possibility we could lose the License.
How did we end up here ???
It has been a terrible 18 months of broken promises, repeated raises, with not one single deadline met.
I have zero expectations of any income being produced from T&T next year.
I still hold, but I have so many questions…
For me, PG HAS TO COME UP WITH TESTING ON TIME WITH THE CORRECT RESULTS
Someone is buying.
2024 will be PRD’s year
Let us see more re CM in December
Friday is Dec 1st, hopefully not long to see some clarity re testing in Morocco.
Plus the independent review re CM is promised before end of Dec.
MOU - 3, the Jurassic and the oil on our license will, with time, unlock massive riches as another Co (s) takes over the exploration of our license, to fully explore our mega field(s) maintaining our Stub equity, producing dividends for likely decades to come.
The big question is short term, how much gas we can prove up through testing to balance a one off payment, plus extra payments from more than one Co for different interest/assets on our license.
Any payments can be utilised to fast track MOU -5 and MOU - 6 (drilling will average 3 weeks per well) to further improve our knowledge and understanding and enhance payments.
We really are on the cusp of initial MASSIVE VALUE CREATION over the next few weeks, where corporate plans and Ops update will finally reveal the way forward.
DYOR
GLA
MEM
I predict a new ATH Market Cap in the next 15 trading days and shortly after the SP increasing by at least 5p a session, then when the full implications of what PRD have discovered and PROVED, I expect to see a SP jump of 12p in a session.
My only question, do you have enough exposure ??
Only you can decide, DYOR and DD.
GLA
MEM 1
Now 40 sell trades at 20 or 25 shares each, I doubt that’s a stuck key !!!
Attempted Manipulation
Someone trying to blatantly suppress the price, to assist their very large buys, games are being played
If you were PG surely you would want a bidding war, UNLESS the deal offered is just too damn good…..
Perhaps the interested party(s) requested PG NOT TO START TESTING just yet, with a generous offer in the works, so that a deal could be struck prior to any declaration of commercialisation - therefore securing exclusivity and taking out any bidding war.
It will be fascinating to see who the other interested parties are, the SP will react better to a bigger name.
I am guessing at timescales but I suspect less than 2 weeks…..
No matter whose theory you follow re sensible posters, there can be no doubt we are in the final few weeks and all will be revealed to the SH and wider market.
I expect a major RNS revealing a quite extraordinary multi level deal which will take sometime for the market to fully comprehend.
Your investment decisions going forward might be the most important of your life.
It is important to temper one’s expectations, should an RNS be issued outlying through a HoT a detailed payment plan for various parts of the license, collectively the total initial payment of for ex 600p per share (or any number you think is possible) plus (additional future payments in the form of special dividends for stub equity) the SP will accelerate northwards but will only reach its full potential after exhaustive testing and declaration of Reserves and maximum daily production figures/choke sizes etc.
The devils in the detail.
Once we have clarity, especially on possible dividends, the II will start buying for the long term favourable returns which will likely last decades.
As GRH says, why would you sell ??
Generational wealth creation being created right in front of us.
GLA DYOR/DD
MEM
Following on from GRH’s suggested possible Quadruple track approach to a HoT agreement
1. CNG Ops to produce a very quick positive cash return
2. Shallow gas sales G2P and G2EUR
3. Deeper Jurassic option
4. Oil option
Imagine if you will, the unlocking of our license riches, to more than 1 entity, obviously approved at the highest level.
Ponder that whilst we wait
MEM
At last, sensible, balanced comment. Thank you HMatt
Patience is all that is required, TIMING IS KEY.
I have held these shares for 4 1/2 years, another day or week matters not a jot.
I strongly suspect the next RNS will layout our future plans, payments and yes we can then join the dots etc
1m buys vs 96,000 sells - the narrative is about to change
MEM
I suspect the deal whenever it is announced will be far more complex/far reaching than some might assume.
There is the gas, how much gas ??
Different pricing structures for CNG, G2P, G2 EUR, have we found 8Tcf, 19Tcf or 30Tcf ??
Will the new owners of our license be interested in the OIL ?
Stub equity/time frames etc
Defining every possible contingency/combination will take time to negotiate back and forth with the corporate Lawyers.
Complex !!
Interesting that Malcy states PG said they were testing, yet we found out via RNS they were not testing….. smoke and mirrors.
Patience will be rewarded
Has changed to GRH2 - I am pretty sure that is 2% ie GRH now holds 2% of issued stock or approx 11m shares. Jolly nice number to own.
Well done
I would add after successful testing, a much larger off-take deal for G2P and G2EUR, with possible outline of payments, not too detailed on the exact payments due commercial sensitivities, but enough to get a sense of what we will achieve as SH’s, tied in with a very detailed Stub equity partnership, timescales, payment triggers on reaching certain goals.
Further planned timescales for drilling of MOU - 5 and possibly MOU - 6, plus the first detailed plans re the oil on our license.
The above might all come prior to Xmas, in separate RNS.
Wait and see, but we are very close to journeys end, however the real story in unfolding day by day, right in front of us.