Member Info for middleEastMoney

Various figures from 250bcf to 91 Tcf

DYOR is best

Those dims equal 1,400 cu Km and 1cu Km = 1 billion cu meters

Therefore 1,400,000,000,000 cu meters of ore

Assuming 40 year mine life, that is 95,000 ton of ore crushed per day.

Completely impossible.

Now I’ve made those calculations you can see what a gigantic mine and story this will become, perhaps a 120 year mine.

Adding Billions in profits with its cheap extraction, and Trillions as an asset on the balance sheet.

DYOR, tuck some away and WAIT

Given the global market will rise from 23 Billion USD (2022) to 58 Billion (2030)

Likely mine life of 40+ years

A gigantic investment opportunity

Let market forces work their magic, the prize is too big, think about the major mining Co, this will be their prize asset.

Can they afford not to bid😎

I do not think we will have to look too far re a Bid/takeover.

The Saudi Sovereign wealth fund are actively looking for such projects, but they will wish to own 100%

I fully expect a takeover in the next 9 -15 months, circa 150p, a fraction of our true future enterprise value, what a prize, other bids could come along from a major, leading to a frenzied bidding war.

In May 2019 the M/Cap was approx £66m (excluding any Warrants)

Today the M/Cap is less than £8m……….. a huge erosion of SH value over 5 years. What next, a Placing, more of the same lackluster performance.

I do not doubt BLOE could be massive, but I think PH has had his chance, zero credibility and fresh blood is required.

With better leadership I can see a startling turnaround and a possible M/Cap of £250m within 3 years, without that change we will bumble along…………

Not belittling PH efforts but that video is 8 months old, you forgot to mention that small detail.

Lets see what he has to say on the 11th March, then we can all decide

Lots of gas, agreed.

The reality of changing from explorer to producer is a huge step.

Planning, logistics, EIA’s, cash flow and long term sales agreements are a few of the issues facing our CEO, plus a credibility issue.

New blood brought in maximise our asset with a proven track record.

Ram Head has been assuming greater significance in the context of European security and diversity of gas supply as a result of the Ukraine-Russia crisis. In particular Ireland's requirement to independently meet the 80% gas storage guidance milestone set recently by the European Union for winter 2022/2023 has to be assessed in terms of how this will be achieved in the short- and medium-term.

The Ardmore field was previously discovered by Marathon Oil in the 1970's but not developed after testing gas at a rate of 8 mmcfd. The discovery well 49/14-1 was drilled at the gas-heavy oil contact which impacted gas flow rates. The Company's internal preliminary scoping storage capacity is targeted at 12 BCF with a maximum send-out rate of 80 mm cfgpd.

In 1998 RDS Resource independently assessed the Ardmore gas field as being capable of being developed by two wells, which based on P50 gas-in-place of 148 BCF, gave P50 gas resources of 47.4 BCF and P10 gas resources of 77.3 BCF based on a 30 mm cfgpd initial production profile.

For gas storage operations, 4 to 5 production/injector wells would be required but development costs could be financed by the blow down of gas in this virgin field to create the gas storage capacity.

The much deeper Jurassic gas reservoirs discovered by Marathon Oil in 1984/5 have the potential to create a larger gas storage facility in the future should the Ardmore gas field be successfully developed as a preliminary gas storage facility.

Gas storage is a critical element of security of energy supply.

Let’s not forget RH….. Marathon discovered gas there nearly 50 years ago, one by one our assets will be sold to deep pocketed majors..

BRV - Thanks for your thoughts/outlining our possibilities

HartleFOOLbob, you simply have no idea, back to your turnips.

You and all your chums are clueless, simply no idea, you see me as a trader, how wrong you are.

I see huge huge buys, are you so simplistic, this is the super smart money.

I have become far more cautious as time and history have proven PG promises one thing, then he moves the goal posts, again and again.

I have healthy dose of scepticism built in to every promise/RNS

You and your chums repeatedly calling me a trader, trying to influence the price is rubbish, how little you know of or understand the market.

You sit in your turnip field wearing your rose tinted glasses.

I shall continue my slow but steady accumulation, sceptical until we have a series of positive RNS.

BAA baa, blocked

Hi Zebra,

I noticed you completely sidetracked my question (see what I did there !!)

So I will repeat my question

Please let’s have your thoughts on the plan going forward in the unlikely event SJ does not achieve its objective ??? Ah yes, I thought so

From your statement, you are assuming a 100% success rate for the SJ, how naive

Follow the sheep.

I am not and never have traded this share, but I am still here, but far more aware of the risks, and now ask far more questions, if that challenges the status quo, so be it.

How many times have PRD raised money to test ??

How long since MOU - 1 drilled ??

Go back to your flock of sheep, baa baa

James, it’s not just the cost of any possible side track, it will be the timescale, rig availability, possibly tied into MOU - 5 drill. Longer Timeframe = more money

Bottom line, what we actually require is multiple good news RNS, then the SP will react positively

Zebra I am raising a very valid point by deduction and reason, not got my head in the sand!!

Please let’s have your thoughts on the plan going forward in the unlikely event SJ does not achieve its objective ???

Think it through and my suggestion of a side track with the knowledge we now possess is a sound idea. Should we require a backup plan.

You are an idiot if you think for one minute PG & Lonny don’t have a backup plan just incase, prudent management always have a what if scenario

I AM NOT SUGGESTING SJ WILL FAIL, I am saying a prudent investor must consider all the facts, as history has taught us countless times, the earth does not give up her resources easily.

How many times have we SH thought, almost there, and here we are 5 years later, waiting for 1 more test…..

Now go and stick your head in the sand or better yet, do some research into % of success of SJ technology, it is NOT 100%

Worst case scenario with what they know, correct type of mud, worst case scenario perhaps a side track will get around any issues with SJ.

Let’s wait and see

Anyone got a huge ad about Oz, how does one remove this please ? this website has become unusable

Nige, yes correct and with a small placing, we will have sufficient funds to prove up a large initial TCF - with much much more to prove up across the license, inc the other 8 targets PG has already mentioned. Any pending deal, if we reach a balanced HOT’s, with both parties happy, should add hugely to our M/Cap.

Then we should have imminent news re our SA re Corrib South and Rams Head (maybe PG has been ‘informed’ which direction the decision has already been decided, imagine the RNS on the day of the presentation)

Operational update re Drilling MOU - 5 and SJ Testing. (Perhaps MOU-6 yet to announce, oil and condensates)

I feel it’s all to play for, we are approaching the culmination of years of work.

Lots of positive news flow.

MEM

I have a ticket, my desire is to talk to PG and Lonny after the event, listen very carefully to the plans going forward re all parts of the business.

This maybe a presentation in readiness for a further Placing, it will be accretive

See you there

MEM

The comments made re the gas companieS demanding a delay to road construction proves PRD are very much in the driving seat and in deep agreement with the ONHYM.

MEM