Member Info for middleEastMoney

HB. What you and others dislike is I may not always have your rose tinted glasses on.

Not everything is perfect at PRD!

To pretend otherwise is not a good idea.

I am heavily invested in PRD, I want to see success.

However at times PG has been far from the perfect CEO, almost as if SH are in the way, smacks of arrogance.

We lack clarity on certain matters.

I call it as I see it, you can be a SH, yet unhappy with certain aspects of Governance.

For the avoidance of doubt I hold a good 7 figure SH.

Do I want PRD to succeed ? ABSOLUTELY

MEM

Strange how you resorted to calling me names, rather than try and refute my claims.

That is rather a school boy tactic.

Good day to you boy

I do not have an ‘agenda’

Your arrogance is beyond a joke.

Read again my post this morning and tell me what is incorrect. GO ON

MEM

Whatever

TTT made an observation based on HISTORICAL FACT.

Should the market initially receive MOU 2 results in a false but negative manner, there might be an opportunity to load up.

There is nothing wrong with stating the obvious, PG has written RNS creating more questions, little clarity or transparency prior to where we find ourselves today.

For the avoidance of doubt, re MOU 2 results, I want PG to draft a magnificent RNS, full of clearly interpreted fact.

Post MOU 2 RNS. The SP should over the next week/10 days after said RNS start a re-rate.

First I was GRH, now TTT, smartbeds, 2 posters who agree does not maketh a conspiracy!! Grow up.

MEM

The other point, worthy of note is that each of the different third party companies PRD have brought in for specialised advice, ALWAYS er on the side of caution, very conservative, to avoid possible litigation.

So for ex SLR calculate X, there is almost certainly a 20-25% upside, hence my comments referring to almost 1 Tcf in the best case scenario across MOU.

Any sliderule calculations could/should feature this upside, it really does transform the figures, and the VALUE.

MEM

Put your money in to PRD, just about to spud its second drill in Morocco, after finding gas on the first drill.

CEO owns 20% of the shares, great BOD, NIL DEBT.

I am expecting a 20 bagger.

When are they going to stop, price suppression at the moment.

One they stop, the SP will climb

MEM

Flippers still hard at work

I envisage a large amount of Corporate and Operational activity during 2023 in Morocco.

News on IRL licenses could be close….. if I see a leprechaun today, I know news is close :)

You have to ask yourself what 708. Bcf is worth, in todays security of supply market ? and given the conservative nature of CPR’s, I am expecting the final figure to be very close to 1 tcf , just for this tiny part of our license.

From the wording of todays RNS, maybe PG will sell off a large part of the 35 sq km, keeping a small foot in the door, gain a large sum, to develop our other near term targets MOU 3 (oil and probably a very very large volume)

Late 2022 and early 2023 should prove exceptional in the development of such a small company, current M/Cap £26m.

GRH’s FCF comment yesterday is a further reminder of just what our potential is.

To remind those new here, MOU 1 and MOU 2 area represents less than 1% of our Morocco license area, which is the equivalent to 60 North Sea blocks.

Anyone figured out what the 4th wellhead is going to be used for ?

MEM

Hi Ford. Yes 4 well heads, what is the plan after MOU-3 ???

There are many many targets, but possibly a step out from either MOU-3 (my favourite) or possibly MOU-2

I’ve said it many times, but never more so right now, we are on the cusp :)

MEM

Actually PRD have not existed for 5 years

I have a theory as to why it might have been convenient for GRH to suddenly’run silent’

I am sure a few of you more knowledgeable posters can work it out

Good night

Gosh all you armchair warriors jumping to GRH’s defence, calm down dear.

If you cannot see the point I was making, it is not about how many shares GRH has, I was trying to point out GRH might possibly be sharing data with PRD, his interests are very strongly aligned with other SH and his deep knowledge of spectral imagery is a good thing.

End of

Conversely if GRH owned only 750 shares it might change peoples position

Nametrade I mentioned 3m shares as the level of commitment GRH possibly has in PRD and therefore GRH/Lonnys interests are closely aligned for a successful result, enhanced by spectral analysis

I am guessing, but I would put money on GRH reaching out to PG or more likely Lonny and possibly offering spectral data re MOU - 2

I am also guessing but I suspect GRH holds in excess of 3m shares, so a tie up re data would possibly be beneficial to both parties and to every other SH (thank you GRH)

I am confident re MOU - 2 never more so in fact.

I expect an RNS in the next 6 trading sessions.

MEM

Take what money you can get when you sell ARB and buy PRD, drilling a likely massive gas field in Morocco in the next 3 weeks, SP 7.5p, likely 30+ bagger inside 12 months. Zero debt and great management- good luck

Not sure about guessing earnings, lets prove up the moveable gas and early next year the oil.

For me apart from a monthly top up, this is a monitor news and WAIT.

MOVEABLE VOLUME=VALUE CREATION

MEM