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Hi Stew, please explain the mechanics of how you see a 200% gap up

Bob Holt now CEO. This is a pointer of better news to come.

After 6 weeks as acting CEO Bob is now CEO, why would he take this job and become associated with a Co - risking his reputation- if he thought REVB was doomed ?

I still think he will kitchen sink it and then we can all move forward.

All of the above in the background of last weeks news re share ownership.

I am super confident.

If everything is proved up, £15 billion is cheap !!

And don’t think of a per share valuation, just think in terms of M/cap, no one knows how many shares we might end up with, so just think M/cap

Driver 101 if you are not happy with my suggested possibly M/Cap, DYOR and think it through, you may be surprised:)

Good luck

For those of you rather new to PRD and what is clearly developing week by week in to something truly incredible, May I ask you to consider our current M/Cap vs what we know and what is very likely to occur.

Examine our Morocco license, MOU 1,2 & 3 all likely to be a gas field. Further fields identified plus very good chance of a sizeable oil field. All this in less than 5% of our licence, which is equivalent in size to 60 North Sea blocks.

Enough gas to plan a CNG business and export surplus gas to Europe.

Much more potential to uncover.

Then IRL, enough said about this, but looking increasingly like IRL Government might well do business with us, so 2 offshore licenses (50% PRD) plus Mag Mell LNG op, plus possible CCS.

Icing on the cake T&T back with news due soon.

All 3 areas expected to provide substantive news in the next 2 weeks out to 3 months.

Look at the assets, I have pencilled in a very conservative £15 billion future M/Cap.

News driven, value creation over a very short timescale.

Good luck DYOR.
MEM

Hi Jimmy, I am looking past the CPR and asking how much gas do we have if we have enough for a CNG business AND sufficient spare gas to offer substantive forward gas sales to Europe

It’s all coming together much quicker than I thought.

Value crystallisation vs very short time scale, perfect storm.

There is going to be a mad scramble for our shares….

Can I hear musical chairs starting, last one standing devoid of shares…..

Notice management now stating probably more than 1 Tcf, check my posting history, I was stating this many many months ago.

MEM

Bob, no matter our differences re PRD, I only want the very best outcome for your Grandson.

Keep the faith. All the best.

MEM

I suspect we are on the cusp of news !

$15 billion net to PRD allowing for heavy discounts is my calculation.

Nm

WWP - - “ Which would make it per year
3 x is $477m
5 x is $759m “. Ignoring the rest of Morocco , Ireland , TT and assuming let’s say 15 years of steady production , what would be the valuation for outright purchase alone ??

Now add in something for the Oil on our license in Morocco, plus other likely oil and gas finds.

Turn your focus to IRL, not just our Licenses, (50% ownership) but Mag Mel, LNG, plus in time, possible CO2 storage, PG suggested $26 billion valuation.

Yes we need to allow for our Partners, & future ownership to profit. I would suggest there is enough in the pot for everyone to make a handsome profit after the inevitable haggling.

Back of a *** packet calculations are interesting :)

MEM

We are talking multi billions USD, GBP

Right place(s) right time, right circumstances, a confluence of events all about to come to a head within a few months of now.

Who is selling ? They will mightily regret their decision.

I have a map with all the names inked in, blinking mess, I need a large bottle of tipex

Never more apt to say join the dots…… as the penny drops the SP will take on a life of its own.

Not a ramp, don’t buy the shares on my thoughts alone. DYOR

MEM

Now we know why they ordered 4 well heads all those months ago. Maybe the situation was foreseen long ago by that canny businessman!

I suspect a lot is happening in the background that as yet, we cannot be privy too.

Heads of Terms possibly already in situ with one or more interested parties, subject to test results.

I am genuinely excited by the ramifications of todays RNS, and you should ask yourselves who was buying the very large lumps of shares?

Do we have an institution interested?

Let us see what the next few weeks trading reveals

MEM

1m and 500,000

Ok thanks Keith