Member Info for NigelHaemoglobin

Interesting HRH.

Did you have faith in Pilbeam at the time? I thought those pre-placing share sales were easily the most toad like slithery behaviour that I have ever seen in the mini E and P gutter.

On to Theseus, completely wrecks share holder alignment in the LO (which we will be lucky to keep). BEY lost theirs.

PRD have a temporary 'benefit of doubt' as they deploy a reasonable quantity of fresh capital. I'm prepared to take a risk and observe to check that the reservoirs are producible and not unduly compartmentalised.

astonishing tmh, you are reiterating my view of the company which i have held for over two years. i can only assume that you increased on the recent spikes and now feel bitterness and regret.

tough being an equity investor right?

i have taken positions with a 12 p average in spite of loathing pg: his comments are all 'likely' success. what does likely mean?

not to worry, my holding is not seftons (tens of k down this week) btw, cannot wait for his attempted and implied corner buggering, i intend to ******* nail him.

Having attempted to elucidate the nature of the Shell/Enagas/reverse MEG pipeline flow my attempts have been a failure.

IF we have a multi TCF producible find Morocco becomes a supplier of Natural Gas to Europe but, what will it take to revoke the Shell-ENAGAS deal? Hopefully Rabat will have built in an opt out (at a cost probably).

Sorry I keep banging on about it but CNG IMO will not ignite the share price for years. 0.35 BCF is a start but it's small business stuff.

I'm fairly onboard now, don't like PG waffle but I can live with it.

Try BBC Bitesize for spelling training.

You may be correct but not from any cognitive reasoning, just loathing and protection of your punt.

Research, oops sorry google the difference between a geocultural and geopolitical area.

Reported and anyone with a conscience would explain to your Dace like brain why.

Your cash balance was $93 million at 15 June 2023, the value of STB's in Shaikhan are staggeringly low. Genel imo are very on when the pipeline will open.

It seems clear to me that a fair and sensible idea is clearly a farm in to Shaikhan. Presumably all of the original shareholders who fluffed themselves into a frenzy and actually biffed GKP into the FTSE100 have pretty much gone now? After the D/E swap?

Indeed but I would be surprised if GENL do not take up a significant share in Shaikhan, they are well and truly on the warpath now...

Not necessarily a bad thing, the third iteration of GKP!

Weasels are nocturnal aren't they?

It will be slow to develop a CNG business of any scale, you are asking end users to buy or lease expensive kit, modify the process to Methane and carry out safety and operational training.

I can't stop reiterating that we need a GSA for a power station or even better to supply Europe.

There lies the problem, Shell have a 12 year contract to supply Morocco via LNG.

So the entry point is sub optimal then Ostrich? I thought it looked reasonable given new ops and reserve cash.

You see, what some scientists cannot see is that at this phase the game is all about money, one day you will get it cobber.

We do not yet know if any of these wells are commercially producible, blind investing is the lowest.

However, worth a punt now that the company has money, a testing program and a possible customer.

Good luck all, patience is everything and there is a very long way to go...

The big forthcoming scrap is over GSA's to CCGT and pure gas thermal power stations. Understandably the Moroccan Govt panicked in 2021 and signed a large long term deal with shell to reverse the MEG flow.

It has been shambolic at PRD, partially tested wells building up. If you ever want to read about a master look at Dave Bodecotts Sea Lion discovery and subsequent appraisal.

Griff never mentions the MEG these days.

Yep, could go either way

Can you not envisage setting up a complex downstream business?

You have the big picture MEM, unlike 'facts of life in a corner' Seff.

TEST TEST TEST, the first couple should already have been actioned. PG is a bit weird tbh, third time starting companies and pecking around Morocco.

'The Placing is seeking to raise a minimum of £7m at a minimum price of 11p'.

What is the key word in the above sentence?

You see, if PRD had conserved money and tested just two wells the serial gamblers on here may have been in a much better position!

Honestly Betfred is more fun than this, I always do well on the European and World Cups! Fun watching the matches as well...

Absolutely no chance of a successful defamation case, he can bluster and waffle (isn't he a great blusterer and waffler?)

But they rarely do Silverfoil, most are completely unaware that they are shouldering financial risk.

I'm actually astonished in the funding shortfall and the implied cost in testing these wells: probably as a consequence of losing interest in the zaniness of the approach.