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Hi Rambo, i have just listened to the presentation again, twice, I concur, selling the entire license, but for how much, how many billion USD ???

Maybe one or two people are aware of the transaction, is there anyway of knowing if any of these big trades are T-20’s !!! that might confirm the timeline :)

MEM

Perhaps multiple worked buys….. we will see after COB

First reported trade a 300,000+ purchase

I sold at 23p thinking it would sink to 17p, well I got that wrong.

Anyone looking for a new home for their money, please look at PRD, very close to signing a big deal to sell gas in Morocco. Please DYOR/DD I expect news within 10-14 days. Huge license area, plus producing asset in T&T, growing income, completely overlooked by the city GL

I know of someone who bought after a chat, 4 years ago, he advised he sold last week, fed up waiting, lost interest in PRD and frankly too well off to worry about the money, he owned over 1.2m

He may well regret the decision over the next 10 days or so.

3m buys vs 5995 sells

This is getting ridiculous!!! But we will have the last laugh

Hi OldSlow, I absolutely agree with your thoughts, someone is buying 1m through a worked buy day after day.

Evening Ibiza, you are correct, TBH I am hoping to see an offer closer to $3bn, given the vast license area, 8 other likely target areas. Multi TCF, billions of barrels of oil plus possibly massive helium.

If a major wants us to walk away PG will demand they pay a price, driven by all the data, pipeline, tax benefits etc.

After 7 years I would like to benefit from a sizeable payment, let us see what Paul negotiates. 🤞🤞🤞

I agree $1bn is far too cheap

And another 1m trade just popped up !!

Morning BRV, an excellent summation thank you Sir

I reckon either this week or next we will see Morocco divestment news, plus Accounts, plus T&T news

Fingers crossed

Shale gas, possibly another $5+ billion for the new owners for the shale gas alone….

Not sure it will be Monday…

TYPO

should be £1.4 billion NOT £14 b !!

Good afternoon F&M,

Respectfully allow me to pass on my basic thoughts, assuming we all agree we have Gas, Oil, probably Condensate and some Helium.

We have to make estimates of amounts, RF etc.

So let us assume across the explored areas of MOU - 1 to 6 we find 3 Tcf with a RF of 85%

With the gas there is oil (historical drilling discoveries prove this) let us assume current thinking of 1 tcf of gas = 1 BILLION barrels of oil, so assume 3 billion barrels, but RF lets say 65%

Allow zero for Condensate

Allow zero for the Helium

Gas $1.2 billion per Tcf x 3 x .85 allow 1.35 USD = £2.26 BILLION

Oil 3 billion x .65 x $8 per barrel in the ground and 1.35 USD - £11.5 BILLION Oil

2.26B + 11.5 B =. £13.76 billion

say 980m shares warrants = £14.04

Discount everything by 90% and you come out with £1.40

M/Cap of £1.3 billion

Don’t forget there are 8 other interesting areas to explore across our license, so hopefully 7-10% stub equity

Or a 40 bagger from Fridays close.

Everyone will argue with figures, then please ignore everything and throw your own assessment out there, but what ever you do, do not sell until a deal is announced, DYOR/DD.

I think I might be being a tad conservative, given the huge lack of investment in exploration over the last 10 years, combined with UKR and ME, majors will be willing to invest large sums, is £14 b a large sum to a major, not at all.

Across our license there are 8 similar areas, what are they worth ? its not just about our small 85 sq km.

The Helium is the outlier/unknown, but worth 20 times natural gas……. I have allowed nothing.

Tin hat on !!

Morning Tincan, hopefully the SP will be a lot higher by then if we get the Morocco news we hope for, T&T will be a Brucie bonus😎

Every day this week massive buys, I make it 19m approx buys

Multiple News likely next 2 weeks 😎

Hi Rambo, the voice of reason, excellent measured response

Thanks

800,000 buys and zero sells and we are down (again)

Unbelievable

When normal service is resumed !!

Fudsters are taking over the asylum

But perversely I also take this as a good sign

Hi Rambo, price suppressed whilst order worked through, any additional buys should move the price back up