Member Info for middleEastMoney

Would not surprise me, later today or tomorrow

Keep the faith

MEM

The risk is not being in PRD

VOLUME on Yahoo finance re PRD today 18.7m - average volume 2.7m

Where are all the other trades ??

Perhaps some big iceberg trades will appear over the next day or two.

Interesting, that is a huge discrepancy

Hi Ford, please see my latest post

Jimmy I am currently thinking of 2.5 to 3 Tcf within the current greater MOU area.

Hoping to find similar amounts in each of the other 7 areas PG has stated he is interested in.

In addition we may well find large amounts of oil and condensates.

These amounts seem very achievable with our current knowledge, but it will obviously take time to extract full VALUE.

Time carry’s the largest unknown element, but a huge amount of data will soon be added as our twin track testing begins.

MEM

My bad, GRH stated 1000 bagger, very happy to be corrected and apologise.

As for people stating I have a trading strategy, I would be very happy to show people my latest purchase of 150,000 shares in PRD at 9.8p

For the last time HartleFOOLbob, I am a long term holder, I add every month and I am NOT trying to manipulate the price. How could any individual force the price to move up/down to their will, your usual naive bleating.

Please enlighten us all how this could be achieved????

MEM

The herd will arrive at PRD sooner or later and then realize what they have stumbled on, if they arrive before 300p, they will still make huge profits.

The really smart players are the people on this BB buying from 1.5p (GRH and a few others)

It’s all going to culminate in staggering profits, I do think GRH 1000% profit target will be exceeded by some margin.

RE: Analogues R Us18 Jan 2024 22:04

IMO we are very close to finally revealing what PG has known for years, but soon to prove conclusively, the first of at least 8 gigantic gas fields within our license area (with the added bonus of substantial oil and condensates)

We will reveal a small % with the initial twin track testing, but the read across to the other areas of our license will invite massive interest.

PG, Lonny, GRH, KeithOz and a number of other posters have at first speculated, then through in depth research have firmed up our hypothesis and started to piece together ‘what if’s’ and more.

Real figures, multi TCF’s will start to become reality with testing to start next week.

Look at the figures as the full picture starts to reveal itself, then read across to PG’s other 7 targets and you will start to see why I have been stating 19TCF and more recently upping my eventual target closer to 30 TCF.

PRD will blow the doors off like TSAR BOMBA

The city will be speechless

PG will be muttering I told you so

DYOR

MEM

IMO we are very close to finally revealing what PG has known for years, but soon to prove conclusively, the first of at least 8 gigantic gas fields within our license area (with the added bonus of substantial oil and condensates)

We will reveal a small % with the initial twin track testing, but the read across to the other areas of our license will invite massive interest.

PG, Lonny, GRH, KeithOz and a number of other posters have at first speculated, then through in depth research have firmed up our hypothesis and started to piece together ‘what if’s’ and more.

Real figures, multi TCF’s will start to become reality with testing to start next week.

Look at the figures as the full picture starts to reveal itself, then read across to PG’s other 7 targets and you will start to see why I have been stating 19TCF and more recently upping my eventual target closer to 30 TCF.

PRD will blow the doors off like TSAR BOMBA

The city will be speechless

PG will be muttering I told you so

DYOR

MEM

Correct

More like 8 across the license !!

I say tomato….. you say a load of old gobledegook !!!

All your claims, accusations of me trading shows your naivety, even if I did trade (I do not) you seem to think a trader can influence the price…. It currently takes approx 600,000 shares to move the price up/down approx .75p take out the spread and trading costs and a trader is out of pocket.

I buy and hold, buy more, I am accumulating ahead of good news.

So again back to counting your toms, you can count can’t you HartleFOOLbob ???

HartleFoolbob.

I have NEVER stated I am a trader, this an untrue statement.

Quite the opposite, I am a investor, I bought more shares after the last RNS, to add to my substantial holding in PRD.

Go back to your green house and play with your tomatoes

GRH as mentioned Oil on X/Twitter this morning, and he states we could be sitting on a VERY significant oil resource.

I have mentioned this numerous times, but for those new to the BB we could be sitting on anywhere from 700m barrels to an upside of 3 Billion barrels.

Industry typically places a in ground Valuation of $3 to $5 pb of recoverable oil.

Do not underestimate the value that can be added to our portfolio. Billions.

Yes there is already an oil refinery in Morocco.

MEM

Re ITR ? Speed of production/publication and cost.

Chunky trades going through, look for more, in after hours trading🤞🤞

Ladies and Gentlemen,

Please start your engines

MEM

S13, I fully expect multiple Billions as we unlock the riches of our equivalent of 66 North Sea blocks.

Only now are some people starting to fully realize what we are probably involved with.

Buy now or lose out.

DYOR

Thank yo DICKO, glad to see someone else spelling out the opportunities in clear language.

BILLIONS at stake, my only question, do I have enough shares, the answer, not yet, hence still buying at these ridiculous prices.

Thanks

Looking through this mornings RNS you can extrapolate an extraordinary average EPS of 33p re the 10 year economics for Project with an IRR of 240%.

At WTI US$76/barrel spot price the gross undiscounted operating profit based on the above FDP is US$202.12 million.

NPV @10% is US$ 85.14 million.

IRR is 240.9%.

Undiscounted net-back is US$19.61 per barrel of oil.

This provides superb long term earnings potential, which could be improved with possible CCS leading to increased RF.

If we can increase OIP, increase and stabilise production (allowing for a long term viable fix to the wax issues) , I can foresee this valuable asset sold off for a very large profit.

I can finally see PRD’s path and timescales going forward re both Morocco and T&T.

Folk might wis to re visit my previous post regarding non linear valuations of an ever increasing gas resource in Morocco. Stunning, now add in CM.

An excellent RNS.

MEM