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Not necessarily
I think given the rumours of Early CNG production, plus GRH latest comments ( if anyone understands corporate activities it is GRH)
I for one think we should take these rumours seriously and expect an announcement soon.
No additional Placing, but yes to alternative Financing, therefore zero dilution.
MEM
I have added up the daily volume and it is 227m shares until COB last night.
There may well be more 100k flippers next week, but they will become far fewer.
Buys will now force the SP higher, then good news flow on testing will see us break new ATH M/Cap.
DYOR/DD
MEM
Profit taking, the real money will be made in the next 4 weeks.
I have a strong feeling my suggested ‘left field play’ will appear VERY SOON, everything accelerating into the next few weeks in Morocco.
Think of all those declared NDA’s with entities for ex UAE, I suspect everything lining up very nicely.
The breadcrumbs have been scattered by PG, follow the trail.
DYOR/DD its your money, buy or sell.
Agreed, the greater GIP we can prove up, the greater the interest and larger the Sale price.
Zero debt, we own 75% and control our destiny.
Nm
Good news on all fronts especially testing should be completed in September.
Given the delay in IRL re the report, maybe Vermilion have persuaded DECC to add Corrib South as an asset and this necessitated a re write of report, it would get the Minister out of the guano with a very good fix. 🤞🤞
Obviously a huge amount going on in the background, hopefully the SP will fight its way north as the flippers slowly reduce and testing progresses.
T&T will be massive.
Well done Team PRD, we have visibility on our various strands of the business.
Fascinating
This normally happens with either a shortage of stock or too many investors buying stock meaning IG are too exposed, I would suggest this also indicates we are close to the end of the churn (currently over 94% of PRD IG customers are long)
Interestingly another SB Co Spreadex have also moved PRD to closing only a couple of days earlier.
I think it might get very interesting and we will re-visit the previous ATH/Market Cap (adjusted for the new shares) in the next 3-4 weeks.
DYOR/DD and buy or not, it’s your money to invest.
MEM
There must be news building up ready to be released next week inc T&T 31st August (Thursday)
I’ve said it many times - Patience is the key as Timelines drift for many reasons outside of PG’s control.
Good day Keith, you have started to reveal the significance of the Jurassic in our Guercif license, I hope people can really start to focus of my claim of 2 over years that our license holds at least 19Tcf.
19Tcf is the minimum figure, the upper figure would blow peoples minds, a certain ROB points to the geopolitical ramifications of a massive gigantic gas field and he is correct.
Let me add I think everyone is underplaying the significance of the likely oil in place across the license, even if we only ascribed $3 pb in the ground, we need to add an additional multi billion $ value that can be achieved through a Stub equity sale.
Patience is all that is required to let this play out and watch the SP multiply again and again.
Will we get an RNS to announce Testing has begun, probably not.
Do I think we will re-enter MOU - 4 to extend our knowledge by drilling towards MOU - 5 YES !! Prior to testing….
Therefore Drill news could come in the next couple of weeks, followed by testing news.
Imagine MOU - 4 OFFSET drill RNS declaring 200m, maybe 300m+ gross gas, across 126 sq Km.
That will finally make the market join the dots!!!
Thank you Keith.
Most SH need to finally realise just what the upper case is and just exactly what they are invested in.
Forget the cryptic messages, think big and double your expectations of GIP and especially OIP.
GL
MEM
And very likely more than 1 structure, probably 4 or 5 across the license
There are 5 or 6 really good posters on this BB, and an awful lot of FUD.
I am signing off until we get an update.
As the politicians would say ‘I approve this message, god bless this BB’
I’ll be back
Whilst all the bickering, flippers still taking their half a pence profit.
No one knows how many shares are still to be flipped, but given the strong numbers of buys, constant buying pressure, the moment the flippers have completed their sells, the price will move higher, ready for the next piece of great news.
Hold the faith.
A presentation from PG would help fill in the blanks
Hi DonaldB, you call me a dumper or a pumper, I call myself a realist.
Was I wrong about the FCA, yes, was I correct to raise the possibility of a delay, yes = realist.
Could PG’s comms be better ? Yes !!!!
Did PG not state Prospectus and CPR would come first, then a raise?? What order did we actually get ??
TIMING, TRANSPARENCY AND GOOD COMMS WOULD HELP
So you carry on beating your drum that everything is perfect, I removed my rose tinted glasses a long time ago.
I am still fully invested
MEM
Ref MOU - 5 would it be possible to re-enter MOU - 4 and utilise the latest Horizontal/ directional drilling to further drill to explore towards up dip and add valuable knowledge instead of an additional EIA, pad construction, roads, infrastructure and the actual drilling of MOU -5 ???
Keith or any other knowledgable poster care to comment please ??
3 x £25k buys just gone through, over 600,000 shares 😎
It’s going to get interesting very soon
Flippers fading today allowing the buyers to have the upper hand
Those figures are massive if the read across comes out similar.