Member Info for NigelHaemoglobin

Its true tmh and almost inexplicable but within a year or so of starting investment in micro E and P's 12 or so years ago I quickly recognised what was expected in terms of buying/holding behaviours in the ever replaceable PI community, deduced that we were being serially grifted and decided that for myself, extreme caution and scepticism should be employed.

Odd though, in spite of moderate success gambling these weaners the last three RNS's from PRD caught me out. A promising if unusual outfit turned into a stinking pilchard but...I am hopeful that Guercif might eventually produce and that 5p, although massively high risk is possibly worth a punt.

Basically, 70-80% of tadpole E and P BOD's are snakes and weasels, as long as you accept this fact life is easy hoho etc etc

Evening Splice, did you note that Sefton82 is already inferring (dribbling) that you are part of a paid cast, employed to trash shares.

In order to understand the PRD read the whole script, everything on PRD's website but be clear that this is the third company that Griffiths has started, mostly to poke around in Ireland and Morocco: read up about Island Oil and Fastnet hoho!

In fact you should know that 90% ish of AIM and main list E and P tadpoles load financial risk onto their private investors then suck them dry of cash as successive dilutive placings demolish the share price.

Some useful case studies for you to research, weeks of effort but essential. GKP, SOU, RKH, BOR, BLOE, UPL, UOG, EOG, MATD, RBD, UKOG, XEL (a stinkbomb), 88e and on and on.

Diamonds like Cove Energy are very rare.

For months a colourful character named GRH has been pumping a £15 share price supported by a few others, he's a bit 'long in the tooth' and rants on about my qualifications, I don't have any as an investor, neither does anyone else: irrelevant anyway.

Same MEM, still very angry and perplexed with Griffiths but appear to be developing Stockholm Syndrome haha.

Morning Mick

Cannot see the reference to PG/Theseus on page 14? Ran word searches on Goodreader yesterday and nothing comes up re Theseus and Griffiths.

Peter Brailey is correct in my view that a certain dislocation in alignment exists, after all, it is the alleged alignment which the geriatric tub thumpers bark on about the most.

Well that and 3Tcf £15 a share etc etc

Anybody else remotely interested?

Don't know, I wound him up a bit but very strongly urged him to not keep his entire pension pot, hard earned, in Predator Oil at 16/17 p (if I remember).

Seems I was right, it could have been intensely stressful to see 60-70% paper loss in a carefully grown local authority pot.

GRH, do you think that the recent article by Peter Brailey with regard to Theseus is verifiably true or false.

Can anyone see any reference to the ownership of Theseus in the prospectus? In spite of Peter Brailey's article it is not entirely clear. Either way, if true it is no doubt legal but the real skunkweasel is the total dislocation of shareholder alignment with the BOD.

After all, it is this supposed alignment which is head of sales GRH unique selling points.

As for those who have persistent delusions about boiler rooms ask your psychiatrist for Pimozide? Can help in non refractory cases of delusional disorder...

Did you say "no cash has flowed out of PRD" just now and you demand my CV? Would I give my resumé to a traffic warden or Dominos Pizza mushroom slicer? No cash flowing out? Are you smoking a pancake?

You need to get on the blower to Griffiths FFS! Demand an explanation re director massive sell off just market hours before a placing.

Toast the little squab about the two opaque ops rns's, its your money old queen.

I give up, it literally is the Gibbon enclosure at Twycross Zoo here!!

Beetle I really am trying to make this Key Stage 2 for you.

The game has changed! Whinny and Co have smelled it out and published. It is all about sentiment and cash now old chap.

Nickel you are a gift to this single party state bulletin board. Winnifrith is a very able, rigorous and evidence based sceptic, in fact I think he is related to James Delingpole!

Before you go, what's your opinion of GRH? I think, classic salesman: feeding partially formed ideas to the credulous who then give themselves a bag of hula hoops and a veiny palm tree job just because they can join the three remaining dots. Trying to win favour by dropping in what for we British is extremely private information another cardinal sign.

As for Griffiths, I'm after some clarity now to justify further holding

Good Q, firstly we do not know how PG came up with 57%, if we did then we could refine the COS. At this point probability would normally have converged with reality but as we all know, the two ops update RNS are not clear, at least in part for good reason.

Re TGB-2a we may never know exactly but yes with good evidence of thermogenic gas one of the four metrics of the gcos calc can be lifted to unity or refined.

So at the moment the uncertainty which is normally resolved by actual drilling remains in play.

Reading Winifriths' article, interesting...

Beetle I do not make a habit of interacting with the deluded or paranoid: you appear to have a delusion that there are two of me.

May I suggest a search of the British Journal of Psychiatry?

Why not substantiate your outlandish numbers with a probability factor of achieving your low, best and high share price wild speculations?

Good post Nickel

While always sceptical of my own investment decisions the last three rns's are clear evidence of weasellyness, that is not to say that potential does not exist but who would disagree? Well obviously his grace professor GR Zimmerframe of Eastbourne of course...

GRH given the very light exploration over Guercif and the dearth of 3D you have to view the CPR from an almost pure modelling angle.

As more expensive wells are drilled, expensive 3D seismic carried out and pricey CPR's published we will have our answer if commercial hydrocarbons (or none) exist within the Guercif licence.

Keep ramping

Ok Croxie, I'll have another look at my calcs over the weekend, I seem to have over estimated the cash burn but I did add contingencies for TT investment, desktop LNG projects and enhanced M and A.

Thanks v much for your honesty, in short supply on this BB...

Croxie there is minimal basis for calcs! its all informed speculation fella: all I am offering is that the game play has changed.

Furthermore there is ZERO basis for accurately speculating a C2 of circa 3Tcf, the statistical variation is not only massive but we cannot possibly know how many wells we might need or indeed under what terms the farm out will be.

In that sense there is NO basis to His Excellency The Moderator of the Free Retirement Village of Eastbourne GRH's fag packet arithmetic either hoho etc

Yours Faithfully

Tim McNigelhaemless

Ah yes I remember now mate, 1.6 mil Stg wasn't it?

You're welcome Phoebus and by the way, only one other PI like myself called the cash position (which is the critical fact in micro companies). Not GRH, not MeM or any of the harmonious choir of loons...