Member Info for Mumbo_Jumbo

Share price was allowed to decimate to make the 2.4p warrant exercise a premium!! Not happy about it but let's hope the brakes are now off.

FDR can now easily institute a take over. Will they want to share the success post phase 3? I bloody well hope so.

Has it started?

Paretoprinciple - You been here long enough, so when will they drill mou6? 2025, 2026 or 2027?

Tincan1995 - I would be the first to congratulate you if he delivered but my point is when will they drill it. Last part of that RNS has very familiar feel to the timelines from before.

This dog is making lower lows whereas everything else is going higher and higher... If its to do with cash raise then bloody get on with it!!

"We have focused on getting the Trinidad acquisition over the line whilst we have a short operational hiatus in Morocco. In September we will review the data for the perforated MOU-3 "A" Sand interval and prepare to plan for the next phase of operations."

Hidden away at the end of the RNS is a punch in the gut for those hoping MOU6 will be anytime soon.....

KeithOz

"IVZ has a market cap over double that of PRD, despite operating in Zimbabwe, which is less attractive than Morocco on just about every parameter. I suspect that this is because PRD is only LSE-listed, whereas IVZ has listings on the ASX and TSX - unlike London both are resource investor-friendly exchanges with substantial risk capital available for deployment, plus the US OTC market."

The PRD mcap did go north of £70 million at one point, when mou3 and mou4 were deemed a success. But then whose fault is it for not flow testing and instead finding every excuse under the sun to not do so. The mcap is still too high for a company that has wasted so much money for very little in return, all because of the hubris coupled with unprofessionalism of one man. So on the face of it, might seem an apt comparison between PRD and IVZ, but when you take history into account, it's a little apple to oranges comparison.

Just like that... it turns

*jetstream-2

Reading the RNS and maybe the reason for a muted response is the non performance of Jetsam-2.

J1 - 1.3 MMcf

J2 - 40-50 Mcf due to blockages

Pitty that one is exceptional and other is a write off as they won't try to unblock and go again. Going forward how much can they leverage the learnings from J2 to ensure that well blockages won't be a problem in the new wells.

Tincan1995 - looks like you are a new investor here, some of us have invested (though I am not currently) here for quite a while and know the ins and outs of this company. You be well advised to click on some names and go through their posting history to find out how accurate they have been and how incredibly repetitive all this positive spin is.

What you say would have been relevant maybe 3 years ago, not now. There is no gas that flows. There is no ulterior motive, just a failed exploration company. It is the nature of the beast.

Its not hush, it doesn't flow.

You missing the obvious.

I remember the bulk sells

Paretoprinciple - I have been correct 100%. If only he flow tested after mou1 eh!! but the likes of you were lauding him, and the likes of me who came on board midway mou2 were saying that to test especially after mou3 and mou4 "success". 3 years on and back to square one and millions down the hole.

Anyway, when is the mou6 spud? 2025, 2026 or 2027?

Seems like final throw of the dice after 5 attempts, of which I have said enough previously and have proven to be correct so far.

Can he pull it off at the last attempt? But first, when is he planning on drilling it and second, will he test it straightaway?

Indeed very bizarre. Hopefully the ride up will be swift depending on results.

Not you napthman1, was talking about the placing. I think it will be around 2.50 again.

If thats the case then just get on with it.

Have they started phase 3 already?

Have they started the operations to flow test?