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A fantastic update.
Not bad for a lifestyle company eh?
It's long been clear to me that team PRD's lifestyle has been hard graft performed with a very tight control on their finances.
It's a great achievement to be where we stand today.
What a year 2024 will be for PRD.
Btw ...Where have our team of boiler room bashers, nervous Nellie's and know it all armchair CEOs gone?
GLA
It's quite amusing reading this BB's residents
...Nigel trying to conjure up as many scary monsters as he and his many aliases can think of and the infamously insecure "non trader" MEM micro watching each and every trade .
Sitting here with a glass of wine
Cheers 😃
From a personal point of view I find it hard to hard to take these COP agreements seriously.
Having said that, I believe the COP agreement refers to transitional energy.
As Jimmy recently pointed out Morocco is a heavy coal user so any indigenous gas would fit very nicely to fulfil the above.
The current Moroccan situation is just some political juggling in the background wrt any companies thet may be involved in the future of our Guercif asset.
It's a Middle East crisis repercussion.
The recent government red tape is thinly veiled and of course beyond PRD's control.
Most importantly our Moroccan asset is unchanged.
Make no mistake, it's huge. 😄
IMHO
GLA
Agreed oldslows65.
I reckon the next stage of PRD's CNG development /T&T projects next year will take us to a circa £150 -200m market cap from where we can start drilling holes for the really big stuff very quickly.
A deliberate plan currently in play to prevent an early, very under valued hostile takeover.
So bureaucratic circumstances beyond our control have caused a delay of a few weeks.
A tiny bump in the road.
Anyway. How have PRD reacted?
Very constructively. Read the detailed RNS .
Their workrate has been phenomenal.
Absolutely nothing has changed with regards with our exciting Moroccan project.
And now Trinidad is looking very, very good for 2024 too.
Many thanks PG and LB .
GLA