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THIS IS THE MOST ACCURATE POSTING THIS MORNING.

We all have loads of questions about MOU - 1 and especially 2, the utter lack of clarity on these 2 wells is shocking.

QUESTIONS THAT DESERVE ANSWERS - LONNY if you are reading this, please, we deserve better…….

MEM

Thanks sir

I’m not at home with my notes is the new MOU-3 looking for oil as well as gas ?

Thanks

A reminder if anyone requires it $1.99 billion per Tcf or $5 per share = £4 per share.

What value PG/Lonny can obtain is another question, leaving lots on the table for the next man.

That is why I am here, the end game.

Here we go again, truly shocking Comms, absolutely rubbish RNS, as usual many more questions than answers.

So after almost 2 months, no operational update on MOU - 2.

It’s all in my history.

As for Charlotte, she deserves a huge apology from some people, you know who you are.

For the record I absolutely believe the end game, but the journey has been and continues to be a torrid affair.

MEM

Genuine question…

If we cannot raise through RBL, and we have no headroom for a Placing - unless PRD issue a Prospectus, exactly what is available re future financing, if indeed we require a few million ??

A prospectus is a huge undertaking

I am NOT trying to lower the SP, I have not gone all negative !!

A real question for you all.

MEM

Morning GRH, what is your reference/comparison?

In the last 23 years there have been some huge discoveries around the world…..

You may well be correct. Hopefully my 140,000 REVB will be trading again at a lovely profit and I can sell them and buy my final lump of PRD

I really am hoping we all get news re MOU - 2 very soon, update on Mud issue, how we will tackle the problem, logistics and timeframe, plus a little reassurance on Financial position, ie no Placing now they have the full story re how to proceed with MOU - 2.

If we get an RNS tomorrow, it might just be possible to resume drilling before months end :) if everything lines up…..

O/T Congrats to GRH Grandson.

MEM

Looking at figures quoted re 50 or 150 or 250 mmscfd only partly describes our position.

True value will arise due a combination of many parts of the business.

1. Yes yearly income from all the gas

2. A M/Cap valuation due point one, PLUS eventual Reserves figure for Gas and Oil, shallow and deep - just how many Tcf and Barrels of oil you can put in your spread sheet and tinker with the RF, likely achieved prices etc.

3. Time taken to extract the oil and gas

4.We already know the tremendous fiscal regime in Morocco will attract lots of interest

5. Pull all this info together, apply a multiple (Always allowing a realistic profit for the next operator or JV)

Given the news on very much higher pressures, superb seal, much larger area’s etc etc, it matters not if we have 1 Tcf or 19 Tcf, and 600m barrels of oil, once more detail can be added to what is already known, the pieces from the jigsaw will fall in to place and OilyFred’s 30p+ hope will be achieved by a considerable factor, he might well be over the moon, but not our moon, probably a Titan moon.

Look at the figures calculated by various posters, look at our M/Cap vs what we might be sitting on, the penny will drop and the disconnect will be recognized.

30p plus 1000% will be easily breached, PRD will very likely be the best performing share of 2023/24.

Wait for MOU - 1 test and completion of MOU - 2 drill and test, then read the RNS’s at least 3 times.

Good luck, I hope by the end of June we will know much much more.

MEM

Morning GRH,

I am not on twitter but once your grandson has completed the event, do update us and I will gladly make a contribution.

MEM

The future long term prosperity of REVB is to be guided by Bob and the BOD.

The Medichem Manufacturing plant purchase has me thinking about expansion, does anyone have any knowledge on the approx output, is it working near to capacity, is there the room to expand the manufacturing site ?

I pose these questions as once the past issues are sorted, then Bob and the BOD will turn their focus on the next 2-5 years, both in terms of new products, geographic sales area’s, maybe Licensing manufacturing in the USA, to save on carbon footprint/shipping costs etc

That’s assuming BOO do not offer 120p a share after the SP goes ballistic after re-listing :) remember only 310m ish shares issued…..

Lets see the new accounts and see the statement from Bob on how we move forward.

Let us hope todays very good news forms the start of the end of the process to get our shares re-listed and our detailed RNS published.

Approx 3-4 weeks - fingers crossed :)

Hi Zebra, you state PG is referring to MOU - 2 in your comments, but is it too much trouble for PG to state clearly he is indeed referring to MOU - 2 and not leave us all guessing.

Yet another poorly worded RNS -

This is not a dig at you, but I have learnt you cannot assume anything, transparency of FACTS is key to a clear, unambiguous RNS.

If he meant MOU - 2 clearly state as much, anything else is poor Comms.

MEM

Precisely, who knows….. the lack of clear Comms is disheartening

TRI, care to explain the wording if you are so smart ???

Thought not.

I quote from the RNS‘ Options for the implementation of the next stage of drilling operations in Guercif are in the process of being finalised but are unlikely to be completed before the rigless MOU-1 well testing commences.’PG does not state MOU -2 ?? Does he mean another well ??Finance required. ??As usual - no true transparency- more grey !!A RNS that raise questions…………

My guess, no one considered the H&S (and Security) surrounding movement of explosives.

NEVER ASSUME, ALWAYS CHECK is a good rule in life or business.

Sorry but the longer this goes on, the more the likelihood of a Placing…….. it is simple Maths.

Without very good news

Cash burn vs Time = Placing

This sounds like someone has dropped the ball….

I can foresee an impact with Ramadan if Licenses are not issued very quickly, everything slows down during Ramadan.