The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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?
Have you bought in Nigel?
Chest - that flow testing has commenced, and later to be reporting stonkingly good numbers (wish list ) followed by news of either re-entering mou-2 and or drilling jurrasic target whilst they flow test mou-3 and mou-4.
I could go on but that will do for starters :)
That is why alignment with shareholders is so key and PG having such a large holding is so vital. For him to even contemplate debt, he must be reasonably assured of success.
Silverfoil13 - things can move very quickly, just need the relevant news flow and action to kick off.
Louis10 - They told you that mou1 testing will be completed in September and possibly drill some more wells.... what more did you want?
Similar to what HighlandMatt said, it would have been mad to go for debt for exploration. One of the particular attractive points aside from the exploration success is that it has no debt currently.
Louis10 - was he a fraud in earlier life?