Member Info for middleEastMoney

Now 40 sell trades at 20 or 25 shares each, I doubt that’s a stuck key !!!

Attempted Manipulation

Someone trying to blatantly suppress the price, to assist their very large buys, games are being played

If you were PG surely you would want a bidding war, UNLESS the deal offered is just too damn good…..

Perhaps the interested party(s) requested PG NOT TO START TESTING just yet, with a generous offer in the works, so that a deal could be struck prior to any declaration of commercialisation - therefore securing exclusivity and taking out any bidding war.

It will be fascinating to see who the other interested parties are, the SP will react better to a bigger name.

I am guessing at timescales but I suspect less than 2 weeks…..

No matter whose theory you follow re sensible posters, there can be no doubt we are in the final few weeks and all will be revealed to the SH and wider market.

I expect a major RNS revealing a quite extraordinary multi level deal which will take sometime for the market to fully comprehend.

Your investment decisions going forward might be the most important of your life.

It is important to temper one’s expectations, should an RNS be issued outlying through a HoT a detailed payment plan for various parts of the license, collectively the total initial payment of for ex 600p per share (or any number you think is possible) plus (additional future payments in the form of special dividends for stub equity) the SP will accelerate northwards but will only reach its full potential after exhaustive testing and declaration of Reserves and maximum daily production figures/choke sizes etc.

The devils in the detail.

Once we have clarity, especially on possible dividends, the II will start buying for the long term favourable returns which will likely last decades.

As GRH says, why would you sell ??

Generational wealth creation being created right in front of us.

GLA DYOR/DD

MEM

Following on from GRH’s suggested possible Quadruple track approach to a HoT agreement

1. CNG Ops to produce a very quick positive cash return

2. Shallow gas sales G2P and G2EUR

3. Deeper Jurassic option

4. Oil option

Imagine if you will, the unlocking of our license riches, to more than 1 entity, obviously approved at the highest level.

Ponder that whilst we wait

MEM

At last, sensible, balanced comment. Thank you HMatt

Patience is all that is required, TIMING IS KEY.

I have held these shares for 4 1/2 years, another day or week matters not a jot.

I strongly suspect the next RNS will layout our future plans, payments and yes we can then join the dots etc

1m buys vs 96,000 sells - the narrative is about to change

MEM

I suspect the deal whenever it is announced will be far more complex/far reaching than some might assume.

There is the gas, how much gas ??

Different pricing structures for CNG, G2P, G2 EUR, have we found 8Tcf, 19Tcf or 30Tcf ??

Will the new owners of our license be interested in the OIL ?

Stub equity/time frames etc

Defining every possible contingency/combination will take time to negotiate back and forth with the corporate Lawyers.

Complex !!

Interesting that Malcy states PG said they were testing, yet we found out via RNS they were not testing….. smoke and mirrors.

Patience will be rewarded

Has changed to GRH2 - I am pretty sure that is 2% ie GRH now holds 2% of issued stock or approx 11m shares. Jolly nice number to own.

Well done

I would add after successful testing, a much larger off-take deal for G2P and G2EUR, with possible outline of payments, not too detailed on the exact payments due commercial sensitivities, but enough to get a sense of what we will achieve as SH’s, tied in with a very detailed Stub equity partnership, timescales, payment triggers on reaching certain goals.

Further planned timescales for drilling of MOU - 5 and possibly MOU - 6, plus the first detailed plans re the oil on our license.

The above might all come prior to Xmas, in separate RNS.

Wait and see, but we are very close to journeys end, however the real story in unfolding day by day, right in front of us.

Interesting article re big oil

Now might be an opportune time to respectfully point interested parties back to my non linear valuation I posted sometime ago, and adjust the figures for the new total number of shares and warrants.

Keith, as ever, thank you for your contributions.

Have a peaceful weekend everybody.

Sandy, nothing more on topic than Remembrance Day

Have a SAFE & PEACEFUL weekend

MEM

Jimmy, good morning, but surely we must test to correlate exactly what we have across our drills.

Why put off testing ?

MOU 2 re-entry ?

The equipment to test will be required elsewhere soon !! Or will cost us more cash than necessary to keep idle

TEST !

Point 2, bigger boys arrived, our gas/oil is ever more valuable as a strategic asset, anyone expected to pay top dollar for any part of our Moroccan license will want assurances or a clause in the HoT agreement re testing, ie pay so much now (a good will deposit) and the far larger balance/with stub equity after testing when we have proven quantities, flow rates etc.

That would make sense, a detailed RNS with these details would restore confidence.

If this is being discussed, I can understand yesterdays RNS

MEM

If you want the industry to take seriously, if you want suitors lined up to buy the gas, if you want the banks to come onboard, if you want the capital markets to fully understand what you have found, use the cash you raised from your SH and TEST.

A lot of broken promises, I have followed and invested in good faith.

PG & Lonny, step forward out of the shadows and TEST TEST TEST

Mk111, I am not sulking, I am raising some important issues.

Trust, transparency, communication are key drivers of any business.

I am worried PG’s brilliance as a geologist is blinding his abilities as a businessman.

Blind faith by SH often leads to disaster.

Questioning something is healthy debate.

I was reminded of JP/SOU this morning, I am not suggesting for one second that is what we have here, but it made me question myself for a few minutes.

Please put your rose tinted glasses back on, stick your head in the sand and block me :)

Vanman, your question, why hold back on testing ???

That is the biggest question

Bang for your buck, test, test, test. Prove up what we have, sell at a premium.

Why have we still not tested, first sand jet, now this ?

Remind me when MOU 1 testing was promulgated to begin - which we raised cash for……

PG had better come good after all this smoke and mirrors, otherwise his hoped for swan song will just be dust in the desert…….