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Gudin, apologies but the RNS stated otherwise

Highlights

· Star Valley Rig 101 contracted to drill MOU-5 during April - May 2024

· MOU-5 will target the 177km² Jurassic structure

· Fully-funded based on reduced well cost and discretionary cash

———-

No I can no longer attend

I have a question please.

Today’s presentation was created on or after March 1st, yet 5th Feb we had confirmation of 2022 Rig contract extension confirming MOU - 5 drill date April/May 2024.

Now zero mention of drilling MOU - 5, what has occured in 19 or so business days to stop/postpone the MOU - 5 drill?????

We have the money to drill, we have a contract that secures the rig, why are we not drilling, maybe we need the cash for something else, what trumps a $13 BILLION possible return????

Genuinely interested?

Anyone any ideas please

60 days turnaround, should arrive next week

Hi Keith, perhaps delaying MOU-5 and using that cash towards a deposit for a number of CNG wagons, although I thought the latest plan had AfricaGaz paying upfront costs??

Some big $$ figures, PROJECTED, we need a lot more emphasis on Production, more manpower!!

Hi Ibiza, I agree with you.

I would add that PG & Lonny really need take onboard the current disquiet amongst a growing number of SH re repeated raises purportedly to Test and then here we are almost 3 years since MOU - 1.

We need rapid progress in Morocco, tangible proof of Gas, Flow rates and let’s have follow up re details MOU - 2 entry or not/when.

Plus MOU-5

Full details re SJ testing inc follow up testing of 5.

Any further drills planned 6 or 7 (oil/condensates)

DETAILS AND TIMEFRAMES AND ACHIEVE YOUR OWN TARGETS

Accotty , I think the word you are looking for is ‘SHOULD’ I think PG’s Comms are to his agender…….. just saying that WOULD and SHOULD occur, are often very different.

But you may, could, should be correct :)

O&W perhaps something of real significance back from NuTech labs, plus a timeline/details of Drilling & Testing, maybe re-entry of MOU-2

We will find out tomorrow

Indie, I repeat why would you suggest or raise the question… is PG still going?

I have checked, no change in plans, so please take your silly fud elsewhere!

For the avoidance of doubt PG is still presenting

What he has to say, we will have to wait and see.

Indie123, why do you think PG is no longer presenting, what evidence do you possess???

Or are you just chucking a bit of FUD into the BB

I believe sentiment is slowly changing, it a subtle way, rotating slowly away from PG towards Lonny.

I’ve always thought PG could come across as a tad arrogant, Lonny seems more approachable, empathetic vs arrogant.

Interesting times

Mossma, I am ONLY going if there is a substantive RNS beforehand, no RNS will mean nothing has changed and a possible Placing is due in the next 6 weeks, harsh but true.

If there is a positive RNS, great news indeed, everyone can throw rotten tomatoes at me as I arrive.

I just reached out to Lonny via X, basically stating the loyal SH think it’s time to p i s s or get off the pot.

We need clear, unambiguous plans, timescales, budgets, above all else after 5 years we need to see a result, that is only measured in one way. M/Cap increase

HFB.

If you think the Co is well run on the historical Comms to us loyal SH, you clearly have your head up your bottom, perhaps an enema might help you !!

Questions, lets start with

1. PG has raised money on three different occasions to test MOU-1, almost 3 years later, no definitive test results, WHY has this occurred ? It is clearly not acceptable to raise cash for the same stated objective three times, what mitigation is in place, what have you leant, what went wrong

2. MOU - 2 UPDATE PLEASE !!

Etc etc

Anyone with half a brain can see that PG is a superb geologist, but equally I am not sure he is the best Communicator.

I am not going to waste anymore of my time, except to say, I have full expectation of further delays in Morocco, lots of excuses, I am starting to think of PG as Reggie Perrin (latest excuse…..tiger on the line at Barking)

If no IRL SA, how long until yet another Placing, dilutive again.

An accretive Placing would please us all, but unlikely.

Timing is everything, I fully expect the Sage of Sevenoaks (GRH) would have hoped to see his considerable SH start to increase in value by now.

Let’s see what Thursday brings, I would be overjoyed with some tangible good news.

MEM

Guiding. If only we knew what was going on !!!

Some transparency is needed, but I have been saying that for 3 years.

I emailed PG 2 months ago re better Comms to SH, I had zero response from him.

I strongly suggest some SH are running out patience with PG and how he handles business.

As someone stated earlier, PRD/PG has raised money on three different occasions to test MOU-1, almost 3 years later, no definitive test results, and still no news on re-entering MOU-2.

Before anyone has a pop at me for changing my tune, swinging through 180 degrees or being negative, don’t bother, instead perhaps join the club and admit PG’s Comms strategy could be improved, simple.

I am not trying to manipulate the SP, its just simple business to advise your LOYAL SH of W T F is going on, rather than the majority of the last 5 years leave us in the dark.

Will anyone actually stand up on Thursday and ask deep meaningful questions around Governance???

Predictive text

COTRILL not Vitriol

Vitriol, are you saying there is zero money to be made ??

Timing is everything to being successful.

I expect the SP to move up and down as news is released.

The smart money makes money on the way up and on the way down, as the SP cycles up, down, up.

I fully expect to see this cycle

Re GGP SP history.

1st Jan 2020 SP 1.8p then started the incredible rise, month after month the SP carried on rising until 1 year later it peaked at 36.9p

A staggering 20 fold increase

If EEE emulated that performance the SP would go from 8.5p up to 170p and the M/Cap would rise from todays £50m up to £1bn.

Very similar to GGP M/Cap.

Given initial reports of our discoveries, as each drill result is reported, confirming a bigger & bigger prize, its only a matter of time before the SP starts an upward trajectory, especially if investors/traders start to see the extraordinary story unfolding and the next drill results are as good or better, some will say EEE is the doppelgänger of GGP.

I reckon anyone who wants to invest has probably 2-4 months to complete their DD/DYOR and decide to buy.

DYOR, whatever you decide, as Vince Jones would say ‘it’s going to be emotional’

Good luck

Who has the rig right now???

The more I think about the timing of MOU-5 and phase 2 testing, would it not make the most sense whilst also saving cash by starting testing of MOU-1,3 & 4 whilst running a twin track approach of drilling MOU-5, at the successful completion of MOU-5 move to testing ASAP

I also wonder if we will complete drilling of MOU-2 to gain a huge amount of technical date and add testing somewhere in the above timeframe.

Hopefully all will be revealed on Thursday.

IRL news should be due any day now…….. just imagine an RNS stating we have SA and then an additional RNS stating HOT with Vermilion and $$$$$$$ contract all agreed.

All to play for

From the RNS.

Star Valley Rig 101 contracted to drill MOU-5 during April - May 2024

This RNS just happened to be published on Feb 5th… coincidence or by design, it does state CONTRACTED.

Should an offer be made, with the current No of shares in issue, think 165p per share per £1 billion offered.

Given the size of the prize, anything is likely, inc dirty tricks.

I take comfort from our Saudi friends, they will have completed their DD, plus the highly experienced Ti engineers/experts.

Ultimately we will sell this, the price tag will rise as we move forward with the work schedule, there is a timeframe/window approaching where we will prove up enough to satisfy a bidder, but not too much proven or the price asked is too much, that window will be in the next 12-18 months. The SWEET SPOT.

What will the price be?? Many billions, depends how much one of the big 5 majors want this, to secure 100+ year life of mine, with possibly the lowest OPEX of any Ti mine in the world, in a mine friendly country.

There could be a left field bid from the likes of Glencore

For every share you buy at 9.2p, you can probably sell at many many multiples within 2 years.

For once details seem stacked in SH favour, but there will be bumps along this road and dirty tricks galore.

I have bought to hold and add as dips occur.

GLA DYOR