Member Info for NigelHaemoglobin

Presumably we are talking 50-75 mil after legal expenses? More significant than it sounds surely as it would greatly strengthen RKH's position within the existing farm in triad. In that sense the arbitration is a form of arbitrage haha!

What would we do if approached by a company? Given the state of our finances my speculation is, for the MOU prospects only.

Shoot 3D across as much of MOU as possible
Commission a refreshed CPR
Then re-plot drill targets
One exploration well

50% give away for a free carry on all of the above.

Beetle shove off I'm just an active investor, never miss an AGM/Oil Barrel etc etc.

Mick your 4.9 Tcf is a pure phantom until found, appraised and developed.

That is the reality. Pilbeams' behaviour has yet to be explained.

It was T Winnifriths fellow journalist Peter Brailey who really made me stop and think. From the very start director alignment with shareholders seemed to be a positive.

Probably I was gradually being sucked in by the ramping CLOWNS. Theseus really sucks and if the true nature of it is in the prospectus I CANNOT BL**DY WELL FIND IT.

Still, worth a further punt as a very high risk penny weaner until the next greyhound meet.

Fair enough Mick, certainly there is more complexity to the equation than reservoir depth.

GRH is a salesman though, or rather has sales type characteristics: nothing wrong with that but you will never read a negative post from 'HRH'.

PRD is worth a punt at <5p definitely, just a White City bet haha!

Can you not immediately see the difference here? The Chinese gas reservoir is twice as deeply buried!

A level physics helps here haha

Thanks Mick, I'm not an expert unlike GRH who has gambled on two other E&P's both of which ended up total failures for the investors!

As an engineer, non oil business and from my perception of PRD rns's wireline alone may not be suitable for rigless testing: my deduction is that due to formation damage a more structurally resilient penetration of MOU-1 will needed. CT allows (from the little that I know) for an array of different processes and tests to be carried out.

NH, not an expert but survived eleven years staring dozens of mostly disingenuous E and P directors in the face and fronting up to them.

Until we have evaluated the distal fan by testing, probably using the coiled tube system we in fact understand very little about MOU-1 but yes mud weight versus gas concentration readings are a potential positive.

We have no idea what the porosity, permeability, volume of charge, type of rock or net/gross interval (if any).

That said nothing wrong with speculation, good effort to write in detail, maybe sheer density of posts will displace the sceptics.

Worth a gamble at 4.7, pure punting.

Sefton I know what you are, you might think that you are an E and P investor but you are not: you would need a spread of at least six companies in this asset class alone and constantly/actively manage your positions.

To have just one micro E and P is cheapshot punting and gambling of the lowest form. Most here are gamblers who delude themselves about the sophistication of their approach.

Holding 100% of a position all the way to well ops updates is perhaps the most desperate form of gamblers ruin.

I bet GRH is a 'colourful' character haha!

Good for old Sefton, he is finally developing some capacity to recognise that equations are never one sided. We thought he was a bit of a waffler at Oil Barrel and did not invest at that point.

Seffo old girl did you know that Griffiths' last company magically turned into a pharma? AMYT if I remember rightly. Also, are you evolving an awareness of how risk is loaded onto ordinary investors in E and P (and every other weaner AIM type outfit)?

Exploration is expensive and risky, no banks will front up money for this type of gambling! In addition it is very easy to make decision errors: is returning to MOU-1 a financial risk worth taking? Is it not more rational to explore MOU-4 first? It will be more expensive to return to P and A MOU-1 now the rig has departed.

XER (XEL) made some whopping blunders, the failed coupling well test leading to a tote tank fill claim of success was a classic: they had to return for an EWT which involved an ancillary tanker with diluent light oil...shockingly dear!

PRD holders are gamblers, serial ones, that is all we are.

Ok Splice, will keep an eye on things if matters irrelevant to the investment case continue arising.

Seabright (we all know who that is Grh) posted a classically meretricious piece of geo waffle.

Those with experience know that the priority is not interesting regional geology but simply whether PRD can find something commercial with one more well, possibly two if diluted to oblivion.

P Griffiths third go at Morocco now, third company.

I have NEVER seen anything like Pilbeams behaviour by the way. My view is that he was exasperated with Griffiths: just an opinion.

Disappearing, good luck with the groupthink...

Dumbo rns's are always written for investors: other energy companies and service providers are approached or approach PRD confidentially for full suites of information ie gigabytes of it!

Try not to unilaterally listen to GRH, Sefton and the ramping mob? Open your mind a little...

Although we have drilled on 2D only I think that we have to resign ourselves that there is at least something in Griffiths' assertion that we may have penetrated the original MOU-4 P10.

Nothing more to do but hope for less dilutive placings to fund MOU-4. Outside chance of a farm in?

Dear Lochnez

Irrelevant question as none of us are IFA's and we are all amateurs with varying professional and working backgrounds. GRH for example is imo a salesman.

Not at all Zeus but I hope that you have kept your husband or possibly wife fully informed about your investment choices...

My ire is not aimed at the sp and it's effect on portfolios but at the fat little dweeb (Griffiths) who is in my view somewhat weaselly.

Peter Brailey agrees with me and has added considerable extra info. Don't come running to me if they keep on poking holes and placing down to yet another miserable AIM 0.2 penny 5 billion share company...

4p to 0.4p?

Fair call Zeus but you have not given consideration to my opinions. I could not care less about being up or down on the basis of investing risk.

It is the fishiness of the three RNS's and other factors ie Theseus, Arato etc which has alarmed me: did anyone sharper than me spot these issues?

4.6p! You are massively underwater, possibly you haven't told your husband etc about it and blame Pete Brailey and a few sceptics on this bb for it?

You are like an Argentinian conscript under guard by a Royal Marine saying, well we won that one then!

Over and out haha! thanks.

thechancers please stay if you can, let's put a final stop to decent working people being worked over by tin-pot outfits and armies of cheap suit salesmen like GRH.