Member Info for NigelHaemoglobin

Mr Cups, yes you are totally correct, thanks. What is the destination of the Valaris Renaissance? Initially it appeared to be heading South but may just be on a sea trial.

Either way I wish the Argentinians success with their various licences. Majors paid a fortune in the licensing round!

Go and live in Scotland Lardlepool Bob. There you can have great fun denouncing people under their swinish new blasphemy law. Stasi material.

Certainly, have som Skunk

Salient Knowledge Usurps No 'Kinidea.

Drillship on location at Argerich-1 within 20 days, let's hope they find something. As for funding BOR is unlikely to let the cash balance drift below £1 mil. Sorry Gus, Howard's holding alone will defeat a few PI's.

PG really ought to fundraise from the forthcoming probable (according to PRD) SJ testing success. That confers flexibility and money to progress Ireland and T&T.

Why don't PRD focus on raising the Corrib South LO to an FEL and stop raving about an FSRU in order to focus on developing indigenous gas from Ram Head?

Honestly, I would call in a consultancy to provide guidance. He must develop honesty about his senior citizen status (which I respect).

They had a special relationship in T&T, summarily booted out for a time!

Good posts Munnie, yes I'm more than aware of PRD's placings 'strategy', free to view here but called 4 out of 5 of them within two weeks inc a couple in the same week and one on the day.

Back of the net!

Made a schoolboy error on placing #5 as they were actually drilling at the time....doh.

Not interested in wildcat #5, it is for extreme gamblers but is it really 12% GCOS? Extraordinarily low, almost a basin opening gcos and to be fair Predator have most definitely backed up and improved upon the decades old predecessor well. GRF1 was it??

Quite soon the company will need money, all you will achieve is to bring the placing forwards, thus diluting you.

A better idea would be to respectfully ask for an open offer and be prepared to fund your offer shares.

Jimmy, until I became bored of speculating about placings if you had traded around such opinion your position would probably be in profit.

In other words you would have a margin of safety protecting your capital. Not a criticism, you are one of the very few who play with a straight bat!

Good news but it would be advisable to launch a placing after the first or second hopefully successful SJ flow test. The proceeds could help fund CNG FEED and underwrite probable MOU-5 failure (unless an independent GCOS demonstrates otherwise).

No more jokes about cricket, some specious little ballerina had my post removed haha!

But does Keith play with a straight bat? Having watched most of the Ashes matches from the mid seventies until the early nineties I'm not so sure.

Well Munnie, thought I was the placing sniffer pursuivant. They could place early to hedge against CT testing failure and MOU-5 PAA but so far PRD has been a bit behind the drag curve and placed at fairly obvious points, diluting the faithful.

Not the only deepwater DP kit around...another on standby 22 days sailing time away at 6 knots.

£4-£5!?

What an astonishingly uneducated remark!

Derivate? derivative jeeez haha!

Go rig spotting, may be something, may be nothing....

Phil all I am saying is by all means follow big money but don't slavishly follow money or indeed follow those who bang on about major shareholders.

The majors, institutions etc are way smarter and more experienced than me! Can't speak for anyone else. As for hedging there are plenty of derivate products in the secondary market, not naked shorts.

Atb NH

Https://youtu.be/nTizYn3-QN0?si=Qn3ZmzdNYXwq_pIk

Don't often publish positions old fruit. If you make the assumption that 'x' person is not a shareholder then you may make another assumption that the HNWI's are not hedged and will not be conserved from placing dilution.

Want a positive? There's a rig, not far away...

So my corpulent ankle biter, are PRD at this moment in time nearer to two years delayed from an early 2022 presentation or not?

Are CEO's obliged to not talk down their operations? PG is confident that SG testing commercial flows/volumes.

Ergo there is a probability that some or all tests will fail. Hopefully from an investors point of view they will all flow.

Mag Mell in my opinion will never happen. EOG's recent analysis proves without doubt that indigenous gas has a fraction of LNG's emissions: production obviously, not end use.

I wouldn't let the presence of major shareholders blow your skirt off. For one they could be invited to participate in a placing moreover you can be certain that a HNWI sophisticated investor will most likely be hedged!

Are you hedged?

Of course there are those who are eternally but irrationally negative. Just ignore them. Filter all balanced or bearish posters if you wish.

It is part of a CEO or MD's role to promote a company. They are 'confident' that formations will flow commercial gas but that is yet to be proven.

Very very late on early guff about CNG production and downstream sales...