Member Info for middleEastMoney

Hi Jasper,

So why the hold up, if every week of zero news assists the buyer??

Do you have a theory, time is ticking down…

Thanks

I do not think PG would have made those statements publicly if he was in any doubt of a deal.

Plus his demeanour was very positive/happy.

Now we wait.

Ignore the trolls

DYOR/DD

Never a better time to own 75% of a very large license in Morocco, right next to a gas pipeline that runs to Europe.

G2E anyone, the shortage will be here for 5 years, until Qatar fix their LNG plant.

Am I bid $3 billion ? $4 billion ? sold to the ADNOC gentleman for a final bid of $5 billion :)

Massive value disconnect, the city have taken their eye off the ball, even when the deal in announced I expect it will take a number of days for the enormity of the deal PG has put together - before the penny drops, enter MC !!!

DYOR/DD

Net 2C gas resources of 441 BCF PRD share 75% MOU1-3

81 sq km submarine fan TGB6 on trend with Rharb basin

68.5 sq km additional submarine fan biogenic gas and He (1.9%)

100 sq km deeper triassic with TCF scale potential

TOTAL 249.5 sq km that is an enormous area

This is only scratching the surface of our license, no mention of oil, but there is oil on our license.

No 3D yet

Many other areas of interest.

What is this all worth ? especially the He, given world events, more than it was 8 weeks ago !!

DYOR/DD

NO RAMPING INTENDED< I really do mean DYOR before investing a penny.

Successive UK Governments fail at governing what is best for the very people who elected them in.

This Government is an absolute disgrace on so many decisions.

The country will take 10-15 years to fix, if we had the correct leadership with vision and long term goals.

It very much appears the cat is out the bag, once talk of the divestment hits wider social media, BB platforms, perhaps PG will have to declare his hand.

What is a good price to walk away ? $1 billion seems far too cheap (77p)

my thinking is $3 billion, both parties should be happy. As a SH I would be happy to walk away from Morocco for 226p, obviously $5 billion much better = 377p

The next few weeks will hopefully see a detailed RNS outlining, who and what price, any stub equity or a clean break !

Good luck

DYOR/DD

MEM

WTI $103.54 spot

70% above PG’s initial quoted figure to calculate profits.

yes 70%

What a time to be pumping oil in a safe jurisdiction such as T&T

Hopefully news re new leases in T&T, plus production numbers

DYOR/DD

MEM

Paul said in the interview that 95 days was sufficient lead time to obtain the materials required for MOU-6, and that spud would be before the last week in July.

Now throw in August 4th, 3 months prior to Nov 5th.

Things are coming together, converging on a 10 day window from July 27th until August 4th, but I am hoping we have clarity before that window, but lets say approx 60 trading days countdown from tomorrow.

Hold fast, ignore the Super Trolls infecting the BB

DYOR/DD

MEM

Us ? as in SH

Possible interpretation….. I hesitate incase I am accused of putting GRH’s statement in to something it is not, my answer why be so obscure ! just say what you mean.

Very close to finding out who our partner(s) are. GAS, OIL and HE interests, after recent ‘hollow’ RNSs lacking real detail, due NDA’s and Confidential corporate info, whilst discussions take place.

Let us see who is funding MOU6

DYOR/DD

Good luck every real SH

Assuming 6 is a success, ie gas flows, will this be sufficient to unlock the full potential of our Morocco license ?

KOz do you think SH will eventually have sight of this ITR or will it only be available in the data room under an NDA ?

News of JV Partner ahead of MOU6 drill would make SH feel more relaxed…. but SH are always the last to know

Thanks Sygma, appreciate your efforts

Ok got it thanks

Hi EC6, any chance you could summarise for those of us who have no access.

A big thanks

Hi F&M, I am unable to find anything on Reddit, page unavailable

But thanks for trying

Thanks MMR.

My understanding of T&T is

Small incremental increases in production through work overs.

NABI take on the risk for a % of production

PRD have SC3 and SC4 ready to drill, but paid for by ourselves, therefore whatever the production, it is 100% ours.

Production of 200bpd or 1,000 bpd ? It will be profitable - variable of time vs POO to pay off investment.

Repeat for SC4, 5 & 6.

I do not have a timescale for success in T&T, we are already successful, it’s now a question of rolling out the formula across our licenses, throw in re injection of gas, add CO2 sequestration and we are building a robust business.

Drill deeper and perhaps find 50m barrels, it is all to be discovered.

As for Morocco I think a lot of what PG says is not for us SH, it is for industry suitors, I still think we will see an offer just ahead of MOU6 or just after, PG has probably got an option on his declared next project in Africa, there will be a timescale, we just do not have any info, but I doubt he can let it run and run…,

I am very relaxed about Morocco, let us see what price PG can extract.

DYOR/DD

MEM

Thanks MMR.

My understanding of T&T is

Small incremental increases in production through work overs.

NABI take on the risk for a % of production

PRD have SC3 and SC4 ready to drill, but paid for by ourselves, therefore whatever the production, it is 100% ours.

Production of 200bpd or 1,000 bpd ? It will be profitable - variable of time vs POO to pay off investment.

Repeat for SC4, 5 & 6.

I do not have a timescale for success in T&T, we are already successful, it’s now a question of rolling out the formula across our licenses, throw in re injection of gas, add CO2 sequestration and we are building a robust business.

Drill deeper and perhaps find 50m barrels, it is all to be discovered.

As for Morocco I think a lot of what PG says is not for us SH, it is for industry suitors, I still think we will see an offer just ahead of MOU6 or just after, PG has probably got an option on his declared next project in Africa, there will be a timescale, we just do not have any info, but I doubt he can let it run and run…,

I am very relaxed about Morocco, let us see what price PG can extract.

DYOR/DD

MEM

Good afternoon Rambo23,

This makes a lot of sense.

I think some people forget just how big a deal this should be, PG is setting up a multi billion USD deal.

Lots of subterfuge, grey meanings, zero context.

I actually wonder if we the SH will ever be party to the ITR, a great deal of this (pardon the pun) is going on behind closed doors for a reason.

Let PG conclude his life’s work, his legacy secured, and we should all be better off, after all PG has enormous skin in the game.

That’s it until Tuesday.

DYOR/DD

MEM

Afternoon Dr R.

With mention of Guayabales, you are spot on, all eyes will be watching for any evidence, BG breadcrumbs spread via X may well ignite the SP into a long and powerful bull run, moving up as each piece of news drops, confirming more and more evidence.

Enjoy your long weekend everyone.