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PGs talk of exiting T&T might also concentrate the minds of our Morocco suitors, if we can get daily production up to 1,500 bpd then we can sell this asset as a going concern, pay off NABI and pocket $25m and move forward in Morocco.

Given the probable interest in our huge Morocco license, this might force various hands to move forward rather than lose out,

All to play for !!

It is worth everyone reading all of Seabrights posts re PRD.

Hugely informative

Patience (more patience) will be rewarded.

I presume are short term traders/chancers, they will be back when the news flow picks up again, or more likely miss the boat, with a beautiful divestment RNS in Morocco.

I am happy that PG wants to sell T&T later in the year, he presumably has an option to buy this African asset over 6-9 months which he can clearly see huge upside with, how many African countries have good reputations for dealing with foreign oil & gas Co, we can probably come up with a short list and narrow down the opportunities open to PG/PRD.

Given all the possible stands to our story, all very near term catalysts - multiple interests, it would seem to me given a little patience and a modicum of luck the SP is primed ready for steady increases as each piece of news is released.

stand fast

DYOR/DD

MEM

The figures PG used to demonstrate profitability on our T&T ops are currently 50%+ higher, lets hope he has managed to buy more licenses to gradually ramp up production plus SC- 3 and 4, plus other drills already planned for.

Waiting for Morocco news….

DYOR/DD

MEM

Thanks Rambo

I can see 3 different closing prices across 3 systems, what was the true closing Bid/Offer price please ?

Volume over the average, interest staying strong.

RNS tomorrow??

Thanks

Afternoon I am just reading through the T&T info again.

My thinking is yes any initial production will drop over 4-6 months, by approx 35-40%

However we will also produce some gas along with the oil, we can re-inject the gas, there is also the possibility of utilising the IP protected WAX treatment, plus the possibility of CO2 injection, all will help maintain daily production near the initial peak flows.

As SC -3 drilling nears, plus the follow on drill SC - 4, regardless of Morocco news, our T&T operation will drive the SP higher.

Lets see what news arrives by way of RNS(s) this week

DYOR/DD

Shaping up for another good volume day

Nm

Thanks Rambo, I suspect additional worked big buy orders until news breaks….

Adding some transparency to what we think is going on

PG is in a great position to broker a corporate deal designed to take full advantage of current market conditions in a opportunistic, full benefit to PRD SH way, of which he is the largest SH, full skin in the game✅

Ps Apologies the rest of the message was cutoff….

Shallow gas, under high pressure with good/very good P&P.

** please remember SB figures are to be adjusted due more shares in issue, but we have drilled/discovered more gas. Zero in any figures for oil or helium.

Substantial news is due

DYOR/DD

GENUINE GOOD LUCK TO ALL SH

Seabrights work is legendary

I have taken a small part of his excellent work (full credit to Seabright) to highlight a few items

————————————————————————————————————————————————————————-

Company estimates: 50mmscfd

At $16 per mcf, that’s $800,000 worth of flowing gas per day.

$600,000 Net to PRD (After partner ONHYM 25%)

$219M Gross to PRD per Annum.

$159M Net profit per annum to PRD after costs.

Recent presentation:

135BCF via CNG is worth= £2.67 per share

EMV net un-discounted revenues $1.317B

14. Conclusion:

Management took a quiet, patient, sure, and rigorous approach before announcing results rather the speculating.

The company has continuously released 3rd party independent data and analysis on MOU-1 —Honest and confident transparency.

MOU-1 results are at the top tiers of possible values.

The sand quality and high gas charge made traditional logging difficult.

I believe that the time taken to receive the results has affected sentiment.

The same successful patient & rigorous approach to the Mou-1 analysis looks to have been applied to the perforation programme.

Resources booked as contingent.

Interesting to note. I believe Chariot didn't flow test their wells after the appraisal. Resources booked contingent.

A two-well programme is going forward. Drill MOU-2. Then perforate & flow test both wells.

RNS 2022-Jan-13: "The CPR confirms the "analogy of MOU-4 (Now MOU-2) to the Anchois-1 gas discovery in the offshore Rharb Basin"."

135.67BCF Via the CNG project is worth £2.67 per share - Recent presentation

Also interesting to note: The resource estimates of 295BCF to 708BCF Net for the current discovery use a conservative 66% recovery. "The recovery rate for deposits in the Rharb Basin is around 90%" -ONHYM. That would provide upside to 402BCF to 965BCF NET PRD - If the similarities of geology carry through to recovery.

The company's presentations, RNSs, Interviews and more are compiled in Menu/Company Info.

Running room:

The current MOU fan is 0.5% of PRD acreage of 60 North Sea blocks equivalent. For example, one of many already identified targets - MOU-NE- is 100KM2 and looking for oil.

———————————————————————————————————————————————————————————————

I would now highlight MOU area = 60 North sea blocks, this is just one area of our total acreage on our license in Morocco, there are 8 similar target areas.

Note SB ref to oil, and lots of it.

We have Biogenic, and Thermogenic gas, that is like a twin income stream, plus oil, oh and Helium.

I am happy if negotiations take a little longer to crystalise FULL VALUE.

In the current macroeconomic climate what we have is worth a massive amount,, let big oil argue over its worth, PG is ratcheting his biggest project value with a war in the background, currently with no negotiations taking place to find peace.

Final thought 60 north sea license areas, possibly multiplied by 8 other areas = 480 POSSIBLE north sea license areas, shallow/

Whilst we have many shares/warrants in issue, which has worried some posters, I believe a combination of discovering more and more gas, plus oil plus helium, will help justify the offer price on our Morocco license less the 25% owned by ONHYM, no need to worry, I believe PG’s delineation plan will put us in a very good position

Fear not, all will be revealed very soon.

DYOR/DD

MEM

This is hugely out of the norm, PG sending a signal, I would say countdown has begun to a week packed with news….

Maybe something else tomorrow ??

Monday RNS

Ladies & Gentlemen, start your engines :)

Under the above rules, even if a NDA is in force, a signed HOT must be declared via RNS, so my guess is until the HOT signed, no news forthcoming, so time for last minute bids, PG will be entertaining best and final bids…..

A UK listed company may be required to declare Heads of Terms (HOT) even if a Non-Disclosure Agreement (NDA) is in place, provided the HOT constitutes "inside information" under the UK Market Abuse Regulation (UK MAR). An NDA provides confidentiality, but it does not override the statutory obligation to disclose information that directly concerns the company and is likely to have a significant effect on its share price.

My guess, all to play for as long as ONHYM are happy with proposed new partners.

DYOR/DD

MEM

I am sure someone said that at Dana, just before the magnificent offer !!!