Member Info for Mumbo_Jumbo

Let’s ignore the tumbleweed on 17th October posted by Donal, and seriously Donal are you going to pretended that some new revelation has hit you…

**** Shaking my head in disbelief******

Incase anyone is wondering, yes I did indeed sell last of my holdings today post Donal's revelation.

Thebold - I too just went over the same period in Sept ... well what can you say....

My question is why release this information now?

He should be now as there is no point hiding anything.

Donalb - When did you visit Guercif? And why reveal the information today?

Porters - It certainly isn't healthy. I have noticed the conspicuous absence of postings from certain posters now.

Makes you wonder who else was privy to this information and they sold out sometime ago. Sudden drop in posting activity might give us a clue.

At least Jimmy23 made it clear he sold majority of shares after the RNS in September.

Donalb - I am not asking for trade advice, you clearly had this information at hand which you knew would drive down the share price and accordingly sold out. An honourable thing to do would have been to post the pictures soon after you sold out and that would have been given opportunity to many to exit before PG interview yesterday.

In light of what Donal has posted today, I would like to retract my below post as I no longer have the same optimistic view. It seems that everything now resides on MOU5. Testing on MOU3 has failed categorically and they have packed up and gone home till MOU5 starts sometime next year.

LB leaving should have been the obvious clue.

The pictures tell me that testing was concluded quite a while ago as we were being led to believe that it was ongoing in some shape. Secondly, the state of the sites means that nothing is going to happen at any of these sites for quite a while if ever. We are looking at months of inactivity in Morocco at best.

Again Donal, I wish you had posted this much sooner, it would saved myself and lot of other people a packet.

Thanks Donal, wish you had made that post a few days ago and well done on the trade. I suspect you were not the only to dash out before the interview to jump back in later.

GRH and Footandmouth - I should have been explicit, I was referring to Jimmy23 selling out and not Sefton82. Sorry to hear Sefton has passed away.

He sold out few weeks ago.

Amongst so much doom and gloom lets look at some positives:

1. We now know where we stand with the testing of MOU3. Nothing has changed with the volumetrics. It needs clean up and all things should be ready to go from then on. It could happen anytime soon or closer to MOU5.

2. Trinidad could be starting to produce tidy amounts between the end of November and end of year.

3. They now understand the geology much better with the extended testing that they have been doing. Sometimes you have to take a step back, incorporate what the data is saying and then devise the appropriate steps forward. Exploration is a best guess game before the drill bit goes in and when you start to test. They have real life data at hand now to work with. I believe this is one of the reasons why PG is delaying the MOU5 drill till next year to make sure he is armed with everything at his disposal to deliver a spectacular success at MOU5. It really is last chance saloon for him. Ofcourse nothing is guaranteed in this business but it pays to be informed ahead of the drill then after as we seen with MOU3.

4. If they can clean up Mou3 in Q4, and it starts to flow, MOU5 drill will follow shortly after.

5. Frugality of PG has ensured that there is no immediate need to raise funds as funding exists for MOU5 and other planned works.

It was the operator that let out the info themselves in an open meeting if I recall. Not a leak.

The fact that its taking this long and going by OR obvious answer is that it doesn't flow or its non commercial. I remain invested on the chance that it will come good but I have reduced my exposure here.

Adon30 - It was round about this time last year, Malcy was at an oil conference in Morroco which PRD wasn't taking part in and whilst Malcy was tucking into his buffet, he decided to call the PRD CEO and ask him how's things going with the testing of their wells. Unbeknown to us shareholders at the time, PRD was having some last minute regulatory issues getting the testing started which ultimately resulted in missing the testing window, the CEO being an old prickly fellow gave Malcy a verbal dressing down and ever since then Malcy stays away from PRD.

Sincere condolences to whoever it is.

Caterham?

You deduced from point 2 that rest is conjecture, when at best you can argue that he wasn't forcibly removed. The rest of the points are true, unless I missed the RNS in which PG published the flow rates and no outside consultant was appointed?

1. Flow test initiated

....Many weeks later....

2. Lonny Sacked

.... Many weeks later...

3. No results released, outside consultant appointed

.....Many weeks later.....

4. No Flare and still no results reported

Everything is still ok?