Member Info for NigelHaemoglobin

Anyone care to estimate how many multiples of today's sp will be if EG 1/ farms out under favourable terms and 2/ Finds gas?

I have my own target...

Well, interesting now isn't? Really interesting. I suggest getting your skates on and buying, the last thing we want is to be rogered by big money ie taken private, engineered lo-ball t/o by another company related to individuals on the major shareholders list (and the many many others betwee 1-3% who do not have to declare unless under form 8.

Work required to convert a h.o.t agreement into a parent contract but what a cracking start. So much better than a vacuous 'exclusivity' agreement. Vivo apparently operate as a Shell franchise for downstream sales.

One of the very few RNS's to actually buy on.

Madman it's definitely not all negative, if Titanosaurus is a major discovery all bets are on. There will be sufficient fundraising 'fat' in the mcap to fulfil Dublin's bond requirements and plenty of capital to lease or buy a rig complete with rotating crews.

If the jigsaw fails to function then expect a brutally dilutive fundraise. How many times have PRD placed shares after IPO?

Well jumbo, Char have had a successful and large placing, an open offer which was oversubscribed by 199%. You presumably helped by buying open offer shares at 14p, I bought mine direct from the market at 6.57 pence. Energean have also been very helpful by paying up promptly...

Funding is evidently too complicated for you, stick to the topic of rig availability or go and do something else?

The problem with the Eire LO's MEM is that E&P companies require bonds in multiples of operational costs to advance LO's to FEL status. Otherwise an LO can be cancelled: this happened to BEY and poor little blameless LOGP were smashed, although there is the smidgin of hope with ECT arbitration.

Now, if PG can shovel his s**t into one sock to use a military metaphor and somehow monetise Guercif then Ram Head and S Corrib are just feasible.

Either that or a wealthy backer is required.

Unfortunately, to set up a private rig operation by leasing or purchasing one, licensing it, crewing the brute (requires expensive crew rotations, there aren't enough goats to go around) means only one thing IMO.

A brutal fundraise.

Once again, if CT and SJ function and you have an elephant then the SP will go into orbit and all bets are on!

Best of luck.

Am I correct that after operations at Sound that we can expect Star Valley to return and commence a multi well appraisal and further exploration campaign?

Yep HB, adding on weakness. As for this lot they have called a possible fundraising on the latest RNS. Free to read, not so easy to comprehend...

Ok and thanks. Let's see what the drill bit decides.

Ok will do, thanks for the advice.

True fact and yes, uncertainty exists in spades. Personally speaking having joined the party very recently I am not confident enough to take profit at the moment given CHAR's pole position. For the moment adding on weakness is the strategy but prepared to jump ship as soon as board misbehaviour occurs or bad luck with the drill bit happens.

Instead of believing the perma-waffle coming out of PG and GRH's jacksi's all you need to know is.

1. How much money PRD has on the run into the spud.

2. What the gcos is.

3. How much disposable income do you have and what can you afford to gamble.

Testing results by now would have been more than welcome but they have so far failed to manage the operation of such testing.

Just that it is more than possible so sell and buy back or hold and add on weakness (my plan).

Very good sp recovery, well in paper profit.

Foot in Mouth

Exactly why PI's should be more cautious in entry timing. In other words, develop some actual patience.

PG's third go farting about in Morocco, one explorer magically transitioning into a pharma??? Also, if I'm not mistaken PRD is planning to farm in to Theseus which is frankly....more weird than Hartattacklepool Bobs feeding habits!!

16/05 sorry

Agree KOTB, having joined the CHAR ladies on 26/5 in the a.m the damage is mild for the moment. As for the 'cowboys' comment below nonsense! It is PI's who are mostly cowboys and totally feckless gamblers. Many explorers are very professional and CHAR are definitely in that category unlike certain competitors in the region....

Fair point risky but given discoveries with high commercial COS, a healthy mcap and v high COS of Anchois appraisal a placing at a premium to the sp is at least possible.

Only just had time to study today's RNS. PRD shareholders will have a good laugh at me , deservedly so!

Crystal clear that the cash box needs a refill and that there is no easy alternative path. Great if they take the open offer route (unlikely) but when the fundraise happens I will add on sp weakness.

At last, a coherent reply, thanks Highland. From the RNS.

'Gross unrisked P10 gas in place of 303 BCF net to the Company's 50% interest with a 44% chance of success (Tracs International Competent Person's Report August 2023).

· Option to acquire additional 50% interest prior to concluding a farmout transaction'.

1/ Why use the P10 figure? Pmean is standard.

2/ Theseus is....PG so therefore PRD would have to take up the 50% from it's own MD.

If I'm wrong, will retract.

How much history do you need to have rammed down your throat? BEY and LOGP are in a hole due to environmentalism, BEY no longer exist.

One more time, who is involved in the farm in?

Gin o clock earlier everyday haha!