Member Info for NigelHaemoglobin

Tim yes some of the probabilities are conditional, others are mutually exclusive. If you enjoy mathematics have a deep look at MOU-1 (if you haven’t already), some interesting statistics to be done there!

Strong Hold

Thats an easy one Tim, we should only view PRD or any other mini E and P from the perspective of investors and definitely not company board professionals. If the MOU-1 well results are, let's say indeterminate or worse we the investors will have to pay for further wells in the form of dilution ie placing.

In the success case a placing will occur but will not be a problem at all.

biggly bug? meant big in Donald T language

Its pure penny punter populism waving biggly bug numbers around, happens on every lottery draw. Plenty of risks abound for all oilers, PRD is no different. Take Ireland as an example, political risk is dire and for the moment seems almost bonkers do invest there.

I would agree though that MOU-1 and the (as yet unfunded) follow on wells are a medium risk/very high reward proposition.

Calling 'hold' now, other investors may disagree and still buy for what could be an astonishing prize. Re Anchois, the C2 is very small for an offshore discovery in a frontier basin, equivalent to <40 mil barrels oil equivalent. That is why CHAR is at fair value.

Sefton, pop your reading glasses on old chap, at no point have I posted negatives about PRD although clearly there are many as with all E and P stocks and indeed equities in general. PRD is my largest holding, marginally sub choir membership.

I merely do not see any merit in outlandish and populist type bible length posts with content typically “£15/share”, “£25K up for every penny increase in sp” etc etc. It’s dangerous stuff in my view and attracts lottery type punters who would be better advised saving a few quid and putting some meat and potatoes on the table for the family.

Each to there own I suppose, reading is of course optional. Enjoy your Sundays, onwards and upwards over the coming weeks.

What intelligent ideas or analyses are in the huge posts though? I honestly cannot detect any. The waffle about GKP cuts no ice as well. Shaikan is tight, complex, produces heavy sour oil and will likely never yield more than 15% of its STOIIP.

Not exactly unrelated, we all know how harsh the investment environment was recently, the underlying commodity value is everything. I agree though that any one of the three core projects in the success case will multibag this share.

Hello Rob, I was on the cusp of receiving my surplice, candle and ancient book but PG decided to increase the congregation. Still, with practice and tight underpants I still hope to become a treble on the front choir stalls soon.

Morning

Added again, nearly at the full choir membership threshold now...always do the opposite.

Is it really worth hosing money onto this?

Yes you case was hypothetical but why not look at the numbers applicable to Guercif? As in no way stranded a full appraisal will allow full value to play out.

What RKH still have is worth an absolute fortune (in theory). Pounds possibly double figure pounds!

Clueless have you any idea what a TCF of gas is worth or what its equivalent is in mmboe? Have a look, think you will be pleasantly surprised!!

Tobin good question and worth research. The Magrebh pipeline returns to Moroccan control next year though.

It’s your call Wales, read everything on the company website and watch the Malcom Graham-Wood interviews first imvho. Geopolitics ie the underlying commodity prices are always key risks in E and P. This from today’s RNS.

“ The potential for early and material revenue generation and profits is very exciting”. All very well but commercial volumes have to be proved first! Atb NHG

Cheers, a good reminder to re-read all rns releases again and make some better notes. Looking forwards to the resumption of AGM’s as well, invaluable opportunities to grill the head-sheds.

Exactly, what I'm trying to research is the exact min work programme or 'requirements for bond return'. Still, much happier now. Initially somewhat alarmed watching this tiny company paying out such a sum.

Tesla what are the bond return fulfilment requirements? atb NHG

Of course there are no broker reports, minimal ramping and only TW-froth type recommendations.

Predator's potential is too massive, deliberate oiling of the waters allows the wealthy to commission research and take up positions!

Morning Rob, true fact for the moment but not hard to gather these over the last few months.