Member Info for Mumbo_Jumbo

Colon - I suggest you take time to digest and understand the presentation in its full context of previous 5-6 years time span...

ibiza28 - this is not first rodeo, previous drilled wells have yielded nothing over the course of 5 years. These are the facts at hand now and on that basis, PRD is now highly over valued as the risks profile has now increased greatly. Until and unless PG can show that it has gas and it flows, this is more likely to goto 1p than 136p.

Keeping n eye on this, seems remarkably low level interest here compared to its peers listed in UK.

Dickie - I did, you clearly missed my posts after the presentation.

Don't think you quite understand the Oil and gas business. We are at the very last Rodeo and not the first one.

Conveniently forgot about mou1,mou2 and mou4? How many millions wasted drilling those?

Rpg7 - tell me what I said is wrong so we can debate it?

TT-T - You don't want a reasoned debate because you know what I said is true and there is nothing you can come back with to debate this.

Aims23 - what he means by slow timeline is that he has got it wrong, but his ego wouldn't let him admit to that. Why Lonny departed after MOU3 testing debacle?

It was 2 hours of arrogant incoherent waffle. There was nothing new and of any real substance. You can't take anything about helium seriously, it will be only after mou5 that you can attach any value if at all. Only takeaway is that he wants to Drill but there is no commitment to test immediately. I raised salient points that needed addressing from the usual guff that he comes out with. If you don't test and have proven flow of gas then there will be no monetary divestment..

Why was there no information on Mou1,2 and 4? How many millions were spent drilling those?

No reasoned response to anything I said. Just trust this "supposed" expert. The expert who drills 4 wells and is unable to flow anything for 5 years, then realises that I got the drilling mud all wrong. I wouldn't call that person an "expert" of anything. An expert would have drilled the first well, tested it and learnt all what he could then before drilling another 3 wells, and if he encountered the same play then he would have known how to test it. That's assuming there is gas there in the first place.

TT-T,

They need it for Mou3, Mou1 and Mou4!! If there were no other wells drilled already then I can see why you wouldn't, but you are suppose to be testing Mou3. It think he said it takes 8 weeks to get them in ( I could be wrong, I am just going by memory) so how long will the delay be after Mou5? We know when he says 8 weeks its more like 12-16 or longer. So when we looking at the Q3/Q4 mou3 testing? and then Q1 2026 mou5?

He repeatedly told you in the video that he doesn't care about slow timelines and nor does he apologise for previous ones and nor what the share price performance is.

You need to go through my profile and have a look at when I sold up... I announced it here.

I have an interest as I waisted almost 2 years of parking money in this. I am in better place to comment on this now than those with rose tinted glasses. As I have said previously, I would be delighted if PG can prove me wrong. But all I see is same tricks being repeated yet again.

There are those who will say one thing here and do another in private. As an example, some will get everyone excited about watching satellites shoot overhead despite actually being on the ground at well sites and knowing there is tumblweed in those places.

finally watched the presenatation and q&a.

predictably arrogant and not the least contrite after all his failings. this was his opportunity to put his hands up and say we took our eyes off the ball and we should have flow tested previous well to give us better understanding of the mineralogy encountered when testing mou3 before drilling it and mou4.

the lack of information on mou1,mou2, and mou4 as if they didn't happen.

what makes him believe that he has any credibility in the industry at all now when his right hand man has jumped ship and even managed to **** off promoters like malcy. it is laughable that he is going on about divesting assets, unless he actually means giving it away for free then yeh sure, it's on course for 2025. but for any viable assets, he needs to prove that it flows! no one will pay cash for a gas asset that doesn't flow! if anyone is in doubt, go check what happened to iog and beacon last year.

he is not committed to carrying out the well test on mou5 straight after if it's a success. this to me is mind boggling as no one will buy an asset if it doesn't flow!! he is not even committed to buying explosives in advance or the very least as the drilling is ongoing to minimise delays. he will need it for mou3 the very least so why not get it in so that you can move onto "testing" mou3 again.

there is such lack of common sense here that it is mind boggling and the fact that people are ready to lap it is even more puzzling. he is predictably getting all the excuses ready for a lengthy delay in operations once mou5 drilling is complete. as i said before, there is nothing to flow at mou1-4 and he knows that too. hence the reluctance to clean up and test again, supposedly only few days work.

trinidad is a complete wast of time, it's used by minnow companies to create an investment profile by talking up these clapped out oil fields. the decline rates are so horrendous for these nodding donkeys that you will be forever drilling and spending money on workovers just to keep up the production rate. you are basically doing a deal with trinidad to use their name and provide jobs to locals with raising money from investors elsewhere. all good for the company and trinidad but a very bad deal for investors.

just let this sink in... for a company that works with no urgency and supposedly a "skeleton" board and staff, plc costs are almost £1m per year.

James - what about Mou1,2 and Mou4? No questions asked about those? Mou3 if they can flow is $12m pa max?

Not that strange.... allows everyone to get to it if they are coming from further afield.

My guess is that he will be his usual arrogant self and will do a pretty good job in tanking the share price the next day.

Roxi - That $15-20Million is net?

The fat lady has already sung in summer.... you just didn't know it.

No progress on anything.

PG had a nice and relaxing end of year.

Mou1,2,3 and 4 are dead.

This will be sub 10m mcap in early Q2.

How gullible are you?

Band together and tally up all the shares you have and see if you have a clear majority. Then call an EGM, and vote out the BOD and put your own candidate in charge (no body could do any worse than RM). Announce that you will asset strip the company and return value to all shareholders, and then to leave it as a shell.

If TFG want the company, let them bid or buy shares on the open market. They are sitting on big losses, and forces their hand if you the shareholder threaten to crystallise those. It's exactly what TFG plan to do and leave you with nothing by forcing you to crystallise your losses with this dilution.

It is a hassle, but only way to get something back for your investment