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Absolutely agreed rhwill
Someone is buying, ask yourself why ???? Smart money, long view (6 months)
Nm
We have all seen on multiple occasions PG having to move the goal posts for numerous reasons.
What if there is a mighty scrabble/pressure (pardon the pun) to get drilling both MOU-2 and MOU - 5 ahead of the current expected timeframe.
I can see many RNS being published, initial test results, of various wells, proof of communication, drilling of MOU -2 & 5.
For once I agree with my northern friend HPB, a tsunami of positive RNS’s.
It could all kick off next week.
MEM
HPB, one could think you are trying to influence the price with your ‘suggestions’
🤣🤣🤣
I suspect a number of items going on here.
ITR very conservative
Jurassic pressures possibly much higher - leading to larger volumes
PG being extra cautious publishing too much detail incase of a hostile bid
PG knows far more than we mere mortals
Let’s see what the first drill reveals, but we might require 2 additional drills to fully expose the potential.
MEM
JUST A REMINDER
Ireland
11) Further development of the Licensing Options offshore Ireland is dependent upon the Company obtaining successor authorisations, which were applied for on 25 May 2018, in the case of Licensing Option 16/26, and 31 October 2019, in the case of Licensing Option 16/30 following a successful application for a 12-month extension to its initial term to 30 November 2019 made on 18 October 2018. The grant of successor authorisations is conditional on the Company demonstrating, either by itself or with the addition of potential farm-in partners, a financial and technical operating capability to perform its exploration work obligations to be negotiated under the terms of any successor authorisations. No work programme has been committed to for the next 12 months and therefore the award of any successor authorisations will be dependent on attracting a farm-in partner to address the financial and technical operating capability and to finalise a work programme with the regulatory authorities which is capable of being financed. In the event this does not occur in a timely manner then the Company may lose its rights to progress to successor authorisations.
PG has played the long game, patience will be rewarded.
MEM
Don’t forget about our other 50% owned IRL asset, drilled by Marathon in 1974, gas discovered !!
The culmination of many years work, on various fronts all coming to fruition over the next few weeks, what a spring time.
MEM
Thank. You Keith for the facts, just the facts and the speculation.:)
Tongue in cheek 🤣
I can almost smell the gas😎
Any day next week
Don’t forget our assets in IRL, possibly very soon we will have our S.A. plus interest from probably Vermilion
Or as I stated a few days ago, Family Offices/similar.
There have been a number of 400k, 500k and even 600k share buys, how many people do you know who can stump up £72k on a single transaction??
The old average trading volume has increased by approx 1m shares per day, until yesterday. I expect an interested party has accumulated circa 15m shares.
Smart, agile, below the radar trader.
Be interested in trading pattern tomorrow, today was interesting if you compare declared buys vs sells (I realise there is more to it)
All to play for over the next 10 trading sessions.
MEM
Anyone new here, May I respectfully point out that GRH has an interest in a HSSI Co, giving him a massive head start in knowledge of what PRD are sitting on across our 7,600 sq Km license (equivalent to 66 North Sea blocks) and don’t forget PG & Lonny already have 7 additional target areas.
MEM
Vegas, you are absolutely correct, thank you, they are superb contributors.
GRH really does have a very deep understanding of the geography, combined with his huge business background - what more could we all wish for.
A simple THANK YOU will not suffice.
But thank you all the same, not forgetting the other amazing posters like KeithOz, Jimmy, BRV, Cube and the others I have missed.
Good fortune to all SH as we move towards first news of testing.
MEM
Re Cove SP is irrelevant, let’s compare M/Cap.
I fully expect we will achieve 5-8 times Cove M/cap in time.
As always the ‘time’ element is the hardest part to calculate not only with all the variables but the rapidly changing game plan
Roxi, testing only started a week ago !! Do you read the RNS ????
The ITR(s) are an indicator only IMO, once phase 1&2 of testing are complete a far more accurate picture will be established.
All pieces of the jigsaw are on the table, PG & L are moving the pieces around ready for the MC quote to come good🦕🦕🦕
I think we are very close to 2 events I forecast a while ago, namely a hectic trading day where the price increases 5p in one trading session, closely followed by a totally mad day and the price rises by a 12p jump !!!
GLA