Member Info for Mumbo_Jumbo

1. Regretfully I am more inclined with this now.

2. Is PG working in the interest of the phantom buyer or the shareholders? Common sense would dictate that you first prove that you have a resource that you are able to sell as in it flows and is commercial. You have raised funds precisely for this. Then secondly prove up as much of it as possible to get the maximum for the shareholders. It's all common sense.

Come on seriously, did you ever buy in Louis10? Your share sale is as imaginary as the proposed flow rate for the MOU :)

There should be nothing stopping the testing as money has already been raised for it, so just go ahead and test. The MOU will be for naught if the wells are non commercial anyway. So first objective should be to flow test and determine commerciality. I can understand if there was no money for testing and someone put up money for you to test so you wait for the legal agreement to be signed, but the case from what I understand is that the 3rd party wants to buy the gas at wellhead, and PRd are happy to do that.... so all good. But the elephant in the room is .... where is the friggin gas? You haven't tested whether it flows and it's commercial!! So what exactly are you signing a MOU for... imaginary gas flow?

This is all becoming very reminiscent of COPL JV or the EUA sale.....

what a load of wacky bull**** and insult to intelligence. indeed a day to remember for yet another let down by pg.

the wells have been drilled and they are reluctant to drill... why? i suppose it's the fault of the mysterious force that has tied their hands and not letting them carry out the well test?

some of you need your head examining!

MEM - likewise have increased my holding in good faith based on previous RNS about testing. I expect them to hold true and test and whatever the outcome, that's fine by me.

Louis10 - conned is a strong word, they will have to test.

No Interview from Paul thank you. He will just make it worse by going off tangent. Get the testing going asap.

I did say ... have they even started testing yet!!

Jimmy23 - It is quite baffling at the reluctance to test. This is where you need the market authorities to hold directors to account but that is why you get cowboys listing in London market precisely because there is no accountability.

Thanks affc21. Yes you read it correctly.

Jimmy23

From my naive understanding and then subsequent reasoning, could compartmentalisation have a positive effect in stabilising the well production drop off rate? Each well producing at higher rate for longer period.

Thanks Billy. Well then it's one to stay clear from .... will be chucking good money after bad if PRD pursue this. I was once a range resources shareholder.

Billy- is this the same Goudron field that range resources once use to own?

"reply was terse" .... that made me chuckle. Let's hope we started and finishing one test at least.

Ra11adw2 - to answer your question about what will make it rocket - successful flow rates.

Jimmy23 - The flow test is what the market and investors have been told is what's next and any deviation from that would be very damaging indeed. Flow test will set a new baseline in the mcap either way.

Hectorious - the answer is simple, you do what's in your best interest. No one lost money taking a profit. Generally, I Look at the size of opportunity, news flow, time scale and most importantly current mcap, and have a rough limit to which I think it can achieve.

For me, PRD, if all goes well (there is no certainty that it will), will reach a £1billion mcap. Thereafter, if perspective buyers want to take majority holding of the Moroccan subsidiary then all bets are off if the likes of GRH get proven to be right about the size of the resource.

Ah Ok, thanks for the clarification AndroclesB.

Who is this Lse ROB that gets a mention??

Chesh

That was in response to your question ... "....and what " just need the relevant news flow " are we waiting on Mumbo_Jumbo......? "

I provided the type of news flow I would like to see. Please don't quote me out of context. Ofcourse testing hasn't started. Are you on a mission to provoke for the sake of provoking?