Member Info for NigelHaemoglobin

Any particular reason wee Bob? Or just genetics.

Good stuff Jimmy, surely the vital piece of evidence needed is if pressure correlation exists? Honest Q, I'm a speculator not an industry pro.

On the wider picture I am of the firm opinion that the management could adopt a 'Festina Lente' approach, i.e make haste slowly. Since the pseudo discovery (undeclared as such) at MOU-1 there has been plenty of time to acquire 3D Seismic (not seismology for the serial pedant Oz). In doing so the company, after well testing, we could have had a far far more comprehensive appraisal with the culmination of well data and 3D analysis almost coincidentally.

In other words we could have been one year ahead of the game by December/January: in a position to sell or develop.

Average to poor performance in my view, what do you think?

What? You must be either IQ deficient and/or plain angry. Everything in E and P is probability related.

What is your view of the probability of the various future events being successful or not?

Morally bankrupt, ludicrous comment frankly.

Gudin with respect read the RNS, the Griffster clearly stated that delay to start would be reported to the market. Of course he get's to decide what the definition of 'start' is! It could mean day 1 penetrating the well with the CT, first firing, flow etc etc. It's his call, within reason.

We can't be certain and I may be wrong, that is what E&P gambling is all about at this level right? Is this now a delay?

I'm going for 5/2 technical difficulties, surmountable and 3/2 ambiguous or less than optimal results, possibly requiring an EWT which may be difficult as could require a lengthy flaring permit.

All just for amusement, sheep please lighten up a bit.

I wouldn't be reassured Mr A, quite the opposite. The commerciality risks may reduce and I welcome the initiative for a third party to develop a CNG business. It could take several years for the upstream side to reach profitability as CNG at scale, new to Morocco will require patient salesmanship to the industrial customers, requiring them to lease or buy expensive equipment and security for the high pressure vessels as each one is basically a huge bomb.

To recap I think there is a good chance of success for PRD in Morocco but it could more of a long term ie ten year investment. Who knows? We are still waiting for test results which will have only partially examined each well.

Bit unfair

Guercif is an olive growing area with an academically published chronic water shortage. Growing quality olives requires water particularly during the ripening phase.

Sandjet requires additional water to that required by water based drilling mud, a fair amount! it is virtually a proppant squeeze. Here in the UK fraccing is defined by required water volumes, quite recently Egdon carried out a proppant squeeze, it involved a large volume of water.

I've lost interest in the Griffster btw, observing operations and calling placings was amusing at the time. 8/10 correct if I remember rightly.

I mangle my brain twice a year when the clocks change but the extra hour to Monday's bell gives you more vodka imbibing time.

It could be a penny share record percent loss? Let's see...I mean it should not hurt if you are diversified right?

So they have flaring permission?

Fair point but safer money can be made from early takeovers, unitisation agreements and expo drilling failures than to holding for dreamy finds and pie in the sky future valuations.

No Jrl that is Socialism, sorry.

You have just been offered 154 mil for, unless I'm mistaken, two prospect areas and an ancient discovery which occasionally belches oil in a garden centre somewhere in the North Midlands.

I mean, this ticker has been available down to 0.3p! I would have myself sectioned for not taking up an offer like that. OK if the BOD are talented enough to bump it up to 16/17p then you are indeed very lucky gamblers indeed. I'm not in but will be v happy for you.

1/ There has been a failure to coordinate the Sandjet system equipment and personnel with the wireline logging outfit. Could this happen again.

2/ How long does a typical CT explosive gun based well test normally last? We are discussing only testing a number of targets.

For any other experienced E and P gamblers here we all know that evidence of success can be fairly easily detected in trading patterns, evidence of failure not so easy as a level of ramping is invoked allowing experienced gamblers to ease themselves out of a position.

By pure semantics, from the last ops update.

'Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date'.

So MOU-3 will have several target horizons tested using explosives and then at some unknown time in the future the Sandjet system will arrive.

Why all the delays though? Morocco is somewhat corrupt but better than most in the region...

"https://en.m.wikipedia.org/wiki/Corruption_in_Morocco"

It's fascinating to observe tbh.

Way too early if I may say so, these outfits are very dependent on the confidence of savers.

Dealt with two slimy weasels from this outfit, the first did ok but did something very oily when I attempted an advisor change due relocation. SJP advisor #2 was so greasy that I only met the stoat twice before abandoning the mess. Never been happier managing my own pensions.

I've seen some salesmanship in my time but SJP really take the biscuit.

OLADA, you have 26 ticks for your post: well done! Have you forgotten about the 12 year deal signed by Shell to provide gas from imported LNG into their enviable gas network. They have around half a dozen LNG regassification plants. The Qataris (should it be them) love long term deals with huge exit clauses.

Hilarious really, at least another 26 have no idea either! Afterthought, does PRD have political risk insurance?

Androcles, welcome back. I'll give you a mini appraisal for free. Peter Brailey is a 'one percenter' on the bell curve and I don't mean on the left side of the graph, very smart: even consulting as an engineer for F1 Honda at one point.

As for Pilbeam I was frankly appalled by those director sells within literally trading hours of a placing but wait, we know much much more now about the entity that is PRD: could his decision have been an ethical one? We will probably never know. I'm not wealthy enough to short particularly given the nature of Guercif and the possibility that it is both large and commercial.

Peter suggests that PANR, PRD and PMG are shorts, certainly his complex thesis and short of PANR has yielded colossal profits (I expect). PANR was certainly helped down the slippery slope by the tribes of emotionally labile bulls, think Sefton for example.

If PB wins two shorts out of three then that is good but as you know Andro it rather depends on hedging strategies.

So you would be happy to re-elect Jo Biden?

Reviewing RNS's (for what they are worth), presentations and actual management performance is it time for a change? Any views? PG must surely be giving consideration to retirement.