Member Info for Mumbo_Jumbo

When are the next set of drill results due?

How many warrants outstanding and what's the price

I should have waited to get in at bargain basement price.... but hey ho.

Results of next set of holes could come any day, so momentum can swing swiftly the other way just as much.

The positive is that at least we have an update and guidance to the timeline. Disappointing is that it's yet another kicking the can down the road. My only concern is that they may not be able to resolve the issues in the time specified and it drags on. How much buffer in terms of finance do they have? Anyone know?

Hasn't yet

G_G_G - I get that and potential wise this is the best helium play if it comes out the way we expect. Having said that, the snail pace with which they work is really jarring. I get that PLSR are doing extended flow tests so it's a better measure of the likely production rate once they start producing. The urgency or the promotion of stock doesn't quite seem to be there.

Fantastic results

Well good for you.

B3ast - Don't like it, don't buy it. I like the proposition so I am in.

Far too high compare to its peers like Hex who seemingly are marching ahead towards production.

Would be good if they could provide an update on how the cleanup is coming along.

Horse1 - that is all hypothetical and cart before the horse stuff. Share price would re-rate if it could prove that it has moveable hydrocarbons and in commercial quantities. PRD has not proved any of that yet. We have been waiting for them for years to prove this!!

Debunking what the likes of INtheGo and others are posting about number of people present at the drill site correlating to success and not the actual results is not hard work, but pointing the obvious.

ParetoPrinciple - I wouldn't have had to post if you had pointed the obvious already. Why didn't you do it? Instead you are essentially asking me why am I doing it.

INtheGO is the person who thinks that number of people on a drilling site is a measure of success and not the end result that it was a duster!!

Highlandmatt - just maybe because there were all there as there was big hope that it will deliver, which eventually it did not. That is the nature of the beast in exploration. So we should focus on the number of people present or the end result which was that it was a big miss!!.

Success of a project is based on how many people are on site.

Not the discovery and/or flow of hydrocarbons.

Yes folks, its the number of people on site during drilling that matters.

Being displayed by the rampers or must think that everyone suffers from it!

Suddenly talk of Cove, and comparisons being made with it, but forgetting that Cove sold a proven gas asset.

IT IS NOT THE SAME FOR PRD!!...

PRD has yet to prove that it has gas at Geurcif, and if it has:

- does it flow

- flows in commercial quantities.

The only comparison you can possibly make with PRD in its current state is IOG and Beacon Energy, both of whom had hydrocarbons that they failed to flow.

Sadly, yes this looks like the beginning of the end. This company should have died few years ago when it was clear that it had no clear pathway as to where it can make a mark in real terms with liquid biopsies and disease progression monitoring.

Josh - I see that you have been corrected with regards to tax clock ticking upon discovery. So now that you know that it doesn't start till production, he has 3 well he can test and bring gas if there is any to surface. If he wants another, he can re-enter mou2 and goto TD. But 3 wells is sufficient to get stable production going and start generating revenue and everything will start to pay for itself and you go into a whole different ball park as a company. The mcap will be multiple from here. But, doesn't look like he has this as a priority and it is just baffling. Maybe he knows something that we do not, that the gas isn't there.

Joshw7 - does that have anything do with success of PRD? The issue here is straight forward, test and prove that there is gas and that it flows in economic quantities. The wells are already drilled. It is all on PG and always has been.

Donalb - I am forever in you debt for reasons you are well aware. Any plans on going back to guercif?

ParetoPrinciple - If you are referring to me then, we have had these conversations before and you know I been asking for flow testing to be done for it seem like forever and PG avoids it like the plague. Deep down you know that I am right and ofcourse he should be doing what I am saying. Everything else is irrelevant, the size of the prize etc... The wells are already drilled. If there is no gas or it doesn't flow, then there isn't a research note in the note can make this into an investable proposition.