Member Info for Mumbo_Jumbo

Eurochamps - he is threatening to take everyone to court if share price hasn't gone up to his liking by June. You don't find this bizarre behaviour?

Watched the video and nothing changes about this man, no humility and no change in his arrogant and prickly behaviour. It's everyone's fault except him and now it's the turn of the market makers. Just listened to him at 4.39 and I was shaking my head in anger. So he is miffed as to why the share price has collapsed over the last 9 months..... Well here are few reasons

Flow testing failed, quite possibly there is no gas or if there is, its not flowing

Trinidad is not making any free cashflow

Dilution multiple times

It leaves me to ask this question. Is PG actually unhinged?

Ibiza28 - the obvious is that they know there is no gas there or it just doesn't flow.

Someone remind the idiot of this comparison for the last 6 months or so:

Sept 2024 - PRD 10p, PANR 15p

Today - PRD 4.5p, PANR 68p

Game, set and match PANR.

You will do well to research everything yourself and stop listening to the resident X troll and the acolytes.

"in due course" which was back in early September!!

They had something but unfortunate to find themselves in such a hostile gas and oil jurisdiction.

ParetoPrinciple - Then feel free to point it out and include what you think I have missed from Morocco.

"So I ask myself what has changed"

Mou fan either has no gas or it's not commercial.

By his own admission he got the minerology all wrong for the drilling mud. So he should have tested Mou1 and that would have solved the problems they had with subsequent wells. So millions wasted on drilling 4 wells that now have to be redrilled in reality to extract anything if it's there at all.

Similarly, now he's ploughing into the Jurassic without testing and learning from Mou4. Now if there are "minerology" issues with Mou5, whose fault would that be?

This has laid bare for all to see, how untrustworthy, incompetent and unpfrossional PG really is.

JohnHenry - how does mcap nearer to £30 million represent attractive for a last chance saloon shot especially as he has no immediate plans thereafter to flow test.

If it wasn't for you positing pictures of the tumble weed at well sites on X, I would have been sitting on a huge loss right now.

So basically you cannot believe in what he says at any particular time.

Let's get back to £10 million raised in August 2023 on this basis. If you don't believe me, go read the prospectus RNS in August 2024.

"The Placing raised £10m at 11 pence per share before costs and the net proceeds will be used for MOU-4 well costs, rigless well testing of MOU-1 and MOU-3 and MOU-4 and a compressed natural gas proof of concept study."

Net cash stood at 4.35 at the end of Sep 2024, so £5.65m has been spent in just over 13 months. Can someone justify the spend between August 2023 and Sep 2024 on mou1,mou3 and mou4 and compressed natural gas proof of study?

Highlandmatt

The RNS from 31st Jul 2023

"The Placing raised £10m at 11 pence per share before costs and the net proceeds will be used for MOU-4 well costs, rigless well testing of MOU-1 and MOU-3 and MOU-4 and a compressed natural gas proof of concept study."

and in the prospectus RNS on 10th August 2023

"The Placing raised £10m at 11 pence per share before costs and the net proceeds will be used for MOU-4 well costs, rigless well testing of MOU-1 and MOU-3 and MOU-4 and a compressed natural gas proof of concept study."

Raised for one thing and spent on something else?

$2m in Cory moruga - to do what exactly? and what did it achieve?

$1.5m on Mou3.

$1.5m in PLC costs

Easy to burn money when you ACTUALLY do any work. There is no certainty that any of the work has been done and to what extent. That's why I keep repeating, we need a forensic audit immediately.

Keith Oz

Flowing of Mou1,2 and 4 should have been from the £10 million raised in August 2023. Why the need to raise again for the same job? Where has that £10 million gone then?

August 2023 - £10 million at 11p

November 2024 - £2 million at 5p

Feb 2025 - £2 million at 4p

Shares in issue go from 426,403,418 to 661,874,754 (exclude all the warrants for now).

Altogether raised £14 million and diluted the company by minimum 55% since August 2023.

Aside from failed attempt to flow gas at Mou3, there are no plans to test mou1,2 and 4. Where has this money gone since August 2023? And how sure are we that he will do what he says now.

Money has been raised and seemingly gone down a black hole with little to no work done. The question everyone should be asking is ...... Where has all this money gone especially the £12 million raised before today and once you ask that question then you begin to understand why PRD needs a forensic audit and that too, immediately.

Clear as day that someone wants to steal the assets away from shareholders. Unbelievable!! Best bet would be to start contacting your local MPS and get a social media campaign going....

Certainly very impressive, what's he been doing in the last 17/18 years?

Or that the speculative money has gone to crypto

Donald - you visited Guercif recently?