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"MOU 3 first"
"Discussions for the off take of gas on a LARGER SCALE than was previously envisaged"
"Negotiations for the off take of its share of future potential CNG gas from the WELL HEAD"
"Funds to be re-purposed for further appraisal drilling activity"
Not a difficult puzzle to solve at least 8 days into the testing programme.
GLA especially the LTHs on here.
It's very very close ๐
Not this week imo but who knows.
The potential incoming avalanche of data is scary.
Good scary.
A few weeks here or there means nothing to us LTH s
Only traders are interested in dates.
Having said that. If this SP is the same in October I'd be very ,very surprised indeed.
GL
Hmmm..... circa 12p once again.
However this 12p certainly doesn't feel like the other 12p's in PRD's history.
Keith's excellent no nonsense post earlier only partially explains why it feel different this time.
Michael Caine waits patiently in the wings. His time is close and soon this slumbering giant will be asleep no more.
Staying with GRH's fabulous Italian Job analogy PRD have many roads leading to Rome... and with PG, LG and MS we have three most excellent Mini Cooper drivers.
12p will soon be a dot in each of their rear view mirrors.
Buona fortuna
Yesterday's RNS again demonstrated the quality and workrate of team PRD.
This swan(black) is majestically gliding to a company defining destination whilst PG, LG and co are working relentlessly in the engine room.
We are blessed to have them.
Ignore the noise. Ignore the FUD. Ignore the mescreants.
GLA.
That's the TR-1 notification 3% threshold after tomorrow's admission of new and replacement shares.
At 11p an investment of ยฃ1,857,068 would trigger a TR-1.
Not beyond the realms .....
Halfway through August already.
September testing approaches quickly.
After which, I for one, am expecting a jolly hockey stick in PRD's share chart ๐
GLA
I still suspect that there was a lot more than meets the eye with this last placing.
Perhaps a TR-1 when new shares hit the market. Who knows?
Maybe in with the sands of time all will be revealed.
PG certainly knows his way around a pound and he and his team have done a remarkable job keeping PRD debt free .
Yes this placing was highly discounted and LTHs were unhappy with the price placed at. However I don't see any mass exodus going on.
It's done. Time to move on.
History still to made here .
EIA cleared already! ๐ฎ๐
With Lonny working his logistical magic , a nearby available rig and an anticipated much shallower TD could this be the swiftest and most successful paper to drill completion ever known?
There's a lot of testing kit knocking around in the next couple of months too.
It's really is lot to ask but if Carlsberg did Jurassic exploration........