Member Info for middleEastMoney

Thank you GRH for describing with even greater clarity our timescales.

Morning, some people do not read the actual DETAILS in the RNS, it clearly states PRD expect to be at MOU 3 for 5 weeks. Then we move to the next well for testing at the next well. (see below RNS)

My opinion, we may not hear anything for another couple of weeks, plus we do not know when we actually commenced testing.

Lastly, we have no idea when PG will make all or some of the results known. Everyone chill and enjoy the weather.

RNS 6/6/24

Extensive operations at MOU-3 are anticipated to last for at least five weeks before moving to the next well in the Sandjet testing programme.

Jasper 13, speaking of huge amounts of money, I reckon across our Morocco license if you include the other 8 target areas PG has mentioned, we could be looking at $30+ billion for the gas and maybe half as much again for the possible/probable oil and condensate.

Large sums indeed

Since the last Ops update, probable news by end of the month re Morocco.

IRL very soon I suspect

T& T also due some news

Hi AndroclesB, given the previous 19 simultaneous sells, now today, we have 33 sells, all for identical minute numbers of stock, this is a clear signal of someone trying to move the price down just prior to close.

Why ??

My view is this entity has a target entry price and is trying to orchestrate a lowering of the price in order to buy a large amount, which if you take a long term view is good news, I think !

MEM

You can all see 19 trades in a row at 08:34 selling 12 shares in each trade…..

Manipulation? Skullduggery?

It is not normal trading behaviour

I am hoping to finally see an RNS to blow the b…. doors off anytime from next week, but we might have to wait for another few weeks….. patience.

MEM

Nm

I think GRH’s terminology stating tail of Trex is NOT within our license area is very telling, PRD have the main body of Trex (onshore) and as the structure narrows in to the tail of Trex, moving west & offshore.

MEM

The consequences for PRD are massive, in a very positive manner.

In this case Trex, is coming home….

None of us actually know if testing has started or how long until we obtain detailed results.

I am avoiding speculation and waiting for an RNS.

Enjoy your summer.

See you when we can all have sight of the RNS

DYOR/DD

MEM

I wonder how many Government Ministers/MP’s etc that currently own a car, actually have a Electric/Hybred car ?

Let’s make a pact, EVERYONE do not reply to bold for 7 days, let us see the transformation of the BB.

Guiding, NN,M-Jumbo to name but 3, you are feeding him to perpetuate his endless rubbish.

Everyone just ignore, block and move on.

Thank you

Colon, only unblocked long enough to ask for a retraction, he is blocked again :)

Bold are you implying I was part of some ‘boiler room’ scam ?

Be VERY careful what you state on this B.B.

Retract your accusation

I cannot believe any reasonable poster is reading the rubbish spouted and has not just blocked him/her.

But no, instead you engage with him/her which just encourages him to continue posting more absolute RUBBISH.

For the love of all that is holy….. BLOCK this T.W.A.T. and he will fade back to his insignificant life.

Please.

Thanks

MEM

Perhaps we can locate a rig for long term lease (with a Crew) and sub lease this rig when we are not using it, making a tidy profit. Lonny must have all the contacts, a nice side hustle.

This will offset our small G&A

Just a thought :)

Morning Keith, from your note 3, perhaps these additional target areas PG has alluded to in the past as the ‘additional 8 or 9 target areas’ are one and the same.

Outlining the huge future potential

MEM

Jimmy, we have 3 different investment area’s, lets not just focus on Morocco at the exclusion.

Morocco is very important, BUT if IRL agreed to our S.A. - with our JV deal, we should have finance to drill a number of further wells in the giant TRex area that is MOU-5.

I just think C.S. S.A. might surprise us all, both in speed of agreement and scope of J.V. possibly with a Right of first refusal on R.H. within a set timescale/cutoff date.

Morocco is very important, BUT PG bought the license for R.H. for a reason……

Take good care

MEM

In addition re Rams Head & C.S. there is the possibility to use these sites as

1. Future Gas storage, buying gas when it is cheap in the summer and then using this stored gas in the winter

2. Future CO2 sequestration fields.

Both the above subject to the correct infrastructure/Plant investment.

In the USA long depleted oil fields near to high generating CO2 facilities ex Cement plants are finding a second life as CO2 sequestration fields, under the US Federal Government IRS rules, huge returns are available. (read the 45Q rules, $85 per ton CCUS is the maximum amount per ton, but NO UPPER LIMIT for claims)

Once you understand the full value chain of carbon capture, you will understand how valuable ex fields can become, what happens in the USA will occur in other places around the world.

This CCUS technology can be a carrot to allow companies to be given access to oil and gas, thereby unlocking hugely valuable assets, the end game is CCUS after extraction.

Those old depleted oil fields are now discovering some CO2 pressure from CCUS is actually allowing a small amount of oil to flow again as secondary/tertiary extraction takes effect.

Oil Co are reinventing themselves as part ‘green’ with virtually unlimited secondary income under 45Q

IRL has its back against the wall.

MEM

I have typed out part 2 twice and long before I reach the counter limit the page disappears!!!

I’m sure most people/SH can see why Vermillion might wish to buy RH.

Possible huge gas reserve, gas=transition energy, Paris accord, security of supply, utilise own gas not imported, 3 new planned gas fired power stations, loss of new Data center business, Moffat inter-connector limitations, I could go on and on.

Sooner or later C.S. and R.H. will be sold off, anything else does not make sense.

Vermillion have probably opened back channels, Billions of USD at stake

My good friend the Hartlepool Hermit is correct, all 3 projects will come to fruition, the only question is when and for how much

MEM