Member Info for middleEastMoney

Hi DaveRyder, not sure what your point is ? are you stating that the mothballed oil refinery is quite possibly perfect !

All I am saying is that there is an oil refinery which might be able to be recommissioned once we know if we have oil and in suitable quantity.

Small steps.

Better than no oil refinery

I should add I have applied zero value to any He, oil or liquids, and I would respectfully remind new investors that there is likely to be huge volumes of oil (1 billion barrels+) across our license area (there is a moth balled oil refinery plant in Morocco)

All of the above is to be considered as ‘icing on the cake’ but could amount to a similar figure to the gas value.

DYOR GLA

O&Slow, it might assist your thought process if you read a previous post of mine re valuation of the gas, basically it is not going to be linear, the more we discover the less it is worth. Why ? well we can command a very good price per bcf for local sales,, how ever if we find more than 1 tcf, the next larger scale sales will be G2P for the local gas fired power stations.

If we find more than 3-5 tcf we can sell our gas in to europe through the pipeline than runs through our license area.

All 3 are different distinct markets, commanding different price structures, hence the VALUE we can create is different, ie non linear.

Please see my previous posts.

For example the first 3 tcf might sell at $12 per bcf, the next 5 tcf might only command $7 per bcf and so on.

If you work through the gross volumes assumed to be found and assign a sliding scale of value, assuming 3tcf, 6 tcf, 9 tcf all the way to say 30 tcf (across our entire license) you will come out with a multi billion USD value.

Good luck, DYOR.

Ibiza28, if you look way back in my posting history you see I stated 19 TCF across our entire Morocco license, with likely valuations (non linear) for the shares issued at the time.

Once PG started talking about 6 TCF possibly just in MOU 5 I then upgraded my figure to 25-30 TCF - again across the entire License.

Given 8 other target areas similar to the greater MOU area, that would be 3-4 TCF per target areas.

Hope that helps

Ps Mohamed Aquit

Read Seabright, add PG’s knowledge, plus GRH and then add satellite interpretation and the 8 other similar targets.

I stand by by my very well researched 19 TCF claim.

All will be revealed to the patient

And we are up 0.25p - in the old days the SP would move considerably (I know we have more shares in issue)

The SP movement does appear somewhat skewed

Perhaps conversely if there are people in concert driving the price lower, that can only mean they want to buy in hugely with any good news re MOU-5 so hopefully the SP will be driven to new highs

Using the graphs projected figures, can anyone calculate gross profits, EDBITA and using a forward conservative P/E of 10, perhaps arrive at a possible SP ?

Therefore a possible M/Cap (assuming no more shares issued, just the warrants exercised)

Thanks in advance

I very much like this statement…

‘ The goal is to assess the estimated 6 TCF reserves as part of the national effort to secure gas supply’

National effort !

Bold : incorrect. I am not wasting anytime on your stupid posts

Back in the bin you go

I do wonder if ONDO will be treated with disdain by the London market as a large number of well run companies have already suffered.

True VALUE will be found with a listing as a TECH CO in NY which I do not anticipate until late this year or 2026.

Buy and keep adding and just play the long game.

Our cornerstone investor. They will have completed a great deal of DD, be taken ‘inside’ by PG and will have a far better data set than most.

If MOU 5 is not successful we can drill another well, yes more delay, more cost but sooner or later PG will get the gas to flow.

THEN PRD SP will SOAR.

Keep positive, well researched (pardon the pun) and nimble. LONG TERM HOLDERS DO BEST BUT THAT TAKES HUGE PATIENCE TO SEE THE JOURNEY THROUGH ALL ITS TWISTS AND TURNS.

GLA

Nm

MM giving PG a lesson in humility? Just a thought

Buffin, I like your thinking, but….. please do not forget to factor in ONYHN, PG’s hands are tied to some degree re announcements and subsequent delays whilst awaiting approval on the wording of an RNS

Bought yet more, let’s just wait patiently.

DYOR.

Is that Michael Caine I see lurking in the sand dunes?

MEM

Https://www.tickcounter.com/countdown/1611151200000/america-new_york/yodhms/FFFFFF3B5998000000FF0000/Time_Until_Trump_Leaves_Office

The West needs much more resolve to isolate Russia, I’ve often wondered why we do not cut all internet traffic, switch off all fibre cables into/out of russia, set them back 30 years !!

Putin is laughing at us

Ok thanks sir

Hi BRV, thanks to you and your chum on clarification of where we are re MOU - 3, out of interest have you had any discussion regarding MOU - 2 ?

Take good care and thanks again.

Fingers crossed for the next 6 weeks or however long it might take to drill MOU - 5 and test, plus MOU - 3.

MEM