RE: Mathematical query2 Oct 2024 12:03
I accept the argument from KeithOz, but a mega structure is probably still a mega structure, big still gets bigger, have we got 14Tcf, 19 Tcf or 30 Tcf ?
It is still many many multiples of today’s SP.
My view for what its worth, each share purchased at todays price of 10.5p will in time probably (but not certainly) be worth perhaps 800p+ per share.
Tuck away 100,000 shares at a cost of £10,500 and you could be sitting on £800,000
Possibly as a direct increase in SP or Special Dividend or a mix of the two.
Sit tight and let PG move forward with each RNS heavily scrutinized by the Kingdom until we have full disclosure/transparency and then you will see a massive scramble for the shares.
Just my view.
My original prognosis made over 2 years ago was to find 19Tcf in the greater MOU area.
Perhaps after drilling MOU-5 we should start to focus on the other 8 targets PG/Lonny have identified on our acreage……… Keith/BRV anyone else, what do you know please re seismic, historical drilling for oil/gas ????
I have a feeling we are only at the start of the story, the other 8 areas will be significant.
Multi Tcf, Billions of barrels of oil plus sizeable Helium. Every £1.15 billion offered equates to approx 200p
Do not be surprised if we gain a total offer of circa £8 billion plus stub equity after drilling and testing of MOU-5, plus MOU-1 to 4. Obviously depending on total GIIP split 75% PRD/Kingdom 25%.
The Co will wish to keep some cash back for perhaps the other 8 areas of interest, fast track our assets in T&T, plus progress something large in N.Africa, looks like PG has no plans to retire or N.Africa is a very quick turnaround project !!
Let’s give PG the benefit of the doubt, I think we will all see some very positive news in the next 3-6 months, remember PG’s hands are tied by the Kingdom re exact news.
DYOR/DD GLA
MEM
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