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And they only own 8% of their license………. think about it

Given the long history of PRD’s exploration efforts, lots has been written on here re possible values, obviously we have been diluted over the years, but we are still debt free. A huge advantage and one I have come to realize was very prudent of PG, as no one could foresee just how long this would take to come to fruition, imagine if we were paying $2m a year in repayments !!!!

We seem to be approaching a crossroads, prove up MOU-3 and sell as a going concern. This will assist any possible bidders (including the Moroccan Govt) to see the very real value in MOU-5, MOU-2 and the other 8 target area’s that PG has mentioned over the years.

What value can be extracted for the Gas, Oil, NGL (very valuable) and Helium (value x20 times that of Gas)

What would PG want to walk away with to enjoy his retirement, after making history in Morocco.

$0.5bn maybe $1bn might be a starting figure, but if you imagine what we might be sitting on, $3-8bn might be the eventual unlocked value for S.H.

Equally important is the shape/timescale of any deal, there is a fine-line/balance to a deal, fair to all parties.

Assuming 750m shares/warrants, what does that mean vs final value obtained.

$1.40 vs £1 GBP

$1 billion = £714m divided by 750m shares = 95p ($0.5billion = 47p)

$3 billion = 285p (this is my conservative guess)

———————————————————————————————

$5 billion = 475p

$8 billion = 760p

GLA

MEM

Everyone here is expecting a positive flow test, we might have a damp squib…… be prepared for all eventualities, good and bad.

A little realism is no bad thing.

MEM

Why would PG need a data room if Morocco demand a deal??

A question for KOz please, once PG had selected a drill site ie MOU-5 why not invest in the minimum 3D seismic to prove the exact spot, prior drilling?? I stress not 100’s of sq km, say 10 sq km to double check, we might have avoided MOU-2 and 5 drill errors??

Thanks

MEM

Finding a salt layer above a gas deposit is generally a very good thing in hydrocarbon exploration. Salt formations, especially salt domes, act as excellent seals, preventing the gas from escaping and creating a reservoir. This makes the gas find more likely to be a viable and productive well.

Fingers crossed we will finally gain more transparency

MEM

I believe news on US listing soon, we will probably list as a US Technology Co with all that implies.

The next 3 months could have high news flow/high impact on SP.

Patience will be rewarded.

Hold for news………..

Re results, july 13th is a sunday, so best guess is 14th or 15th (15th is a Tuesday, that is my best guess)

Mjdc500 I believe absolutely to answer your question re x20 - x25 bagger on a approx 3-4 year view (maybe longer)

I am hoping for news re duel listing on NYSE late this year

Is it not time that long suffering SH had full transparency on what we have found in Morocco ?

6 years of inconclusive RNS, smoke and mirrors and PG going off piste re various reasons why the SP has fallen year after year, 10% in just one day.

The situation is becoming a farce

There is no solid news, no news on actual production figures in T&T

Still no news on MOU 3 test date

Nothing on IRL

Zero corporate governance

The SP will go down

No AGM dateo

Approaching my 18-22p forecast 2 months ago, this will drift as speculators move on somewhere else, until solid, substantial news flow re widespread take up after initial trials are proven successful and the savings (technology) can improve the bottom line.

To get to Craig’s $1 BILLION valuation, we are looking at a 25 bagger from

GLA DYOR

Then the SP will turn, possibly quite rapidly!!

We have to actually be making a profit to offset against historical tax losses, so far zero comms as usual from PG.

Nm

It has hit A$5 BILLION m/cap

Nm

Busicat, I agree re Insurers glacial pace, so signing 23 insurers relatively quickly is a very good result, I was expecting this milestone to take a lot longer timeframe.

Think of it as building blocks, CF is building the foundations to a superb business model, he is adding course after course of block work, we will reach a point where all the hard graft is complete, after that we will be accelerate away in growth, we are on the lasonde curve, just waiting to start a steep rise.

I am going to wait until autumn for a full disclosure in the results, hopefully positive news before then…..

Agreed a slower start than possibly anticipated, but do not write ONDO off just yet……….

If no news in the next month the price will drift a bit lower, but there should be a good news stream with the next corporate event in the autumn, I am happy to accumulate at this price and lower, before the likely event of a sudden turnaround.

I would suggest the main work has been done, lets wait for follow on orders, plus new uses for the patented design, tweaks to designs etc.

I am sure patience will be rewarded, just not sure of timeframe.

Given all the negative nellies on here banging on about the oil price and the negative impact rising oil prices will have on the bottom line.

SURELY THE REAL QUESTION THEY SHOULD ASK IS DOES SD INSIST ON HEDGING THE OIL PRICE ???

MEM

Nm

M32 have you made any effort to read the RNS ?

Try some study