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Might we hope as SH to get 1% in time, perhaps 3%, I doubt anymore.

1% is a 100 bagger from Fridays closing price

The trading action during the next month will be all about accumulation, especially after PG publishes the first of many RNS’s about Morocco.

Now ask yourself do you own enough shares in PRD ???

DYOR/DD

I fully expect some cash up front and staged payments as work is undertaken that proves up the ITR, on multiple licenses areas and different depths.

The entire license will prove up so much, it will carry on giving, best install a ATM in your house :)

PG has assembled a huge group of assets, offering different assets of interest to different Co.

My big question is why would ONHYM not wish to buy us out, given their rotation to a commercial enterprise, keep the entire package for Morocco…… in their countries hands to Control and Develop - perhaps that was why the Law was changed.

DYOR/DD

IF YOU BUY, best be quick, I expect the SP to start to move ahead of news!!!

GL to all genuine investors

MEM

PS my calculations indicate a third of a TRILLION USD might be involved in this entire project, gas, oil and Helium. 333,000,000,000 USD

Thank you

KSMyth, for someone who rarely ever quotes, your words not mine, you have made 10 posts in 10 days

All with a negative slant……..

The word ‘humbug’ comes to mind

Where will the M/Cap be after numerous deals announced????

7 years, we are close

Apologies, I omitted to discount the oil figure by 90% so £13.88 comes down to £1,38

MEM

I wonder what GRH knows that we do not know, maybe through his connections with a certain satellite Co he has seen something the rest of us cannot easily spot.

Well done Graham, and thank you for sharing your thoughts.

After KOz post re Value per TCF, I am applying my own 90% discount, call me a pessimist, but on the plus side, KOz figures have allowed nothing for condensates, oil or Helium.

1 TCF of gas equates to 1 billion barrels of oil should be beneath the gas, so if the ITR indicates 5 TCF, approx 5 billion barrels of oil, even at $1 p/b that is a huge amount more from a major if Paul can find a buyer, I know, I know, who wants 5 billion barrels of oil, in a safe country :) Allow 65% RF or 3.25 billion barrels, at $1 and it equates to another £2.77 per share, I think we could possibly obtain $5 p/b or £13.88 crazy I know

Consider 3.25 billion barrels at $80 p/b = $260 billion USD project

Crazy figures.

Then there is the Helium, vastly more valuable than gas !

Given events in Qatar, I believe right now QIA might be looking outside Qatar for a massive project, to bolster their huge loss of income, they have been on a massive building/spending spree utilising their income from the gas fields, confidence requires boosting, a massive project in a friendly arab country might tick a lo of boxes.

DYOR/DD

MEM

Evening EuroChamps, I could not agree more with your comments. The time is now.

Everything is lining up to crystalize massive VALUE creation in Morocco.

I can well imagine PG’s phone ringing continuously with those unsolicited offers, given the current macro economic events, hopefully he has driven a hard bargain, but one where both parties are satisfied a balance has been reached.

HOT agreed, Morocco Government need to rubber stamp everything, PG might be fighting off other offers, who knows.

Given the possible gas in the license area, condensates, oil and helium, either a major will come in or multiple mid tier companies signing up in their area of expertise.

It is all to be revealed very soon, inc MOU-6 details of who is financing the drill (ONHYM new commercial arm ??) timelines etc, with all the technical data accumulated, the COS at MOU 6 should be (internally) very high.

The SP will start to move if no Placing announced by Tuesday :)

DYOR/DD

MEM

I think our ship is slowly changing course, buys exceeded sales every day this week, the SP snuck up a little bit today.

If GRH is correct with his deviated drill hypothesis, the costs drop, if we have a partner/JV, the pad is built, much closer to spud technically, a sweeter deal for everyone involved.

I too am expecting substantial news, possibly as early as this week.

PG was dropping bread crumbs for us to follow.

I think there is a very good chance of the IRL Government moving forward, PG made no mention of IRL, perhaps they are in discussions, and he does not wish to rock the boat, time will tell.

Perhaps common sense can prevail and we drop the threat of Arbitration/Legal proceedings in return we get the green light on CS and PRD is re-issued Rams Head (with known gas)

What a result that would be.

DYOR/DD

MEM

No matter what some people would have you believe PG and his team are building something valuable in T&T.

We are increasing production over the next year or so, workovers etc, plus SC3 and SC4

Each 1 bpd increase in production adds $20,000 value

Stable production of 250 bpd = $5M

Stable production of 1,000 bpd = $20m

Stable production of 2,000 bpd = $40m

PG mentions CO2 EOR add another 30% to 50% value or $52m to $60m

We will soon see just what PG has negotiated in Morocco, perhaps he is looking at other projects as he knows what cash is coming in any structured deal.

Not long to wait I suspect, given PG’s comment of sooner than people think !!!

Keep the faith.

DYOR/DD

MEM

My worry is the business model was too optimistic, another fund raise will/might occur soon driving the SP down to single figures.

we require a string of positive news, interviews, especially when might the company become profitable……

SH are sitting in the dark, not much engagement.

I remain on the sidelines waiting for a reason to reinvest……

All this talk of EOY Production of 500 bpd or 1000 bpd, or possibly with a good flow from SC3 maybe closer to 2,000 bpd inc numerous workovers, now add in CO2 EOR and wait 8-12 months and maybe we might see an uplift of 40%+

Nothing is quick, T&T will be successful, but patience will be required to maximise VALUE.

Morocco news soon

Hi Rich3r, it was a tongue in cheek remark !

Take it easy

MEM

Johnstoneo, do you actually own shares in OMI ???

Sit tight, wait for news and watch the M/Cap increase with each RNS revealing progress in Columbia and Argentina.

But please DYOR/DD

Is train from PRD, steered in to the station by longtime driver PG, this train has missed so many deadlines and timetables, it has snuck into the station unnoticed by the regular City travellers, hang on, what’s all that bunting!!!

Share of the year 2026 !!! What a worthy recipient the SP had been at 3p, but numerous deals in T&T plus the ginormous news on multiple fronts from Morocco have driven the M/Cap to a billion USD in 3 months, in part helped by the price of oil and gas.

Stabilised on IG

Price stabilised on IG

How bad does the world financial/petroleum markets have to get before IRL (and UK Govt) come to their senses.

If I was PM, I would have cancelled the extra petroleum taxes in the N.Sea, invited all interested parties to No 10 and asked what can the oil/gas industry do to make us self sufficient, what bottle necks need removing.

We need to drill and pump.

Also propose we start. a proper Sovereign Wealth Fund for UK.

In other words open the doors to common sense.

As for PRD - just looking at our plans for T&T, increased production should move our M/Cap. x 4 therefore SP, by end of the year at 12p, any deal from Morocco or IRL will move the SP massively.

Entry price today is a no brainer.

DYOR/DD

MEM

Thanks Obadhia