Member Info for NigelHaemoglobin

£127,000,000 Stg after (current) currency exchange and lawyers fees.

Well there's nothing wrong with being positive haha!

Well, almost the highest paper profit achieved in a fortnight. Stabilising estimate 25-30p.

What other explanation is there? time and time again I am accused of either being in some type of cabal or having multiple avatars!! As this is clearly nonsense then the intelligence and/or mental state of individuals has to be questioned.

Snowflakes abound, couldn't even watch 'The Life of Brian' without squealing about Pontius having a speech defect haha!

Political risk abounds, there was much guff about the proximity of MOU wells to the Maghreb Europe Pipeline: rusting away merrily now no doubt....

Run'mean and lean', does that phrase have any meaning given the childish antics of the past year?

What a lot of tosh...

Cracking RNS but, do we have funds to penetrate deeper than a modest 1500 metres?

That would be a fortunate but by no means guaranteed outcome. Third time for PG in Morocco, one of his wee shops ended up as a chemist!

But what happened to the list of suitors? Two were selected but are now ruled out, it may have been a reasonable decision but now we, the shareholders have the burden of risk.

All we can do is hope (gamble) on MOU-2, drilled on the basis of 2D seismic and the testing of MOU-1 which of course will weight the probability of success (positive or negative) for MOU-2.

Colourful outfit isn't it??

Positive or negative? Spain has all required gas from Algerias alternative pipeline and 40-45 days of reserves storage.

Still calling a weak buy but I do not see a trucked CNG project igniting the SP, supporting it yes of course.

Refers to the second last placing but...

The last placing RNS deserves reading in detail with particular regard to all paragraphs above this line.

'The Company is fully-funded to meet all the above well planning and preparation activities in Morocco'.

Now read the list of cost estimates, we (yes I have a mini-holding) are on the hook for £275,000 in advance rig maintenance costs! Why?

I do not think that we have enough money to rigless test MOU-1 and that a farm-in, at this very early stage, is both unlikely or extremely harsh.

Purely logical and literal interpretation of the March placing RNS...tend to call placings fairly accurately...

PG alluded to losing operatorship which infers that farm in offers were weak.

Agree Redbox, GRH is an expert salesman though, whether he is a dwarf or not we could find out but PRD lurks in the Crown Dependency of Jersey so I doubt if anyone will go.

His pernicious waffle must cease in my view. What has to be said though, quite easy to time buys and even simpler to see through Griffiths twaddle!

Thanks, will study next month after re-checking the 2018 SPE revised manual: no rush as 'all' we need is an entirely unequivocal set of results from Mou-2. We can all discuss the outcome then.

Best

NH

Not just worried and anxious but angry as well! Surely you must question your own 'judgement' in managing a macro holding in a micro E and P.

Get yourself a nice tartan blanket and have a lie down old boy, give this a rest and stop obsessing about Griffiths and his outfit (third time snuffling around Morocco...).

Well I tried my best with you yet failed to achieve any penetration through your hardened cranium. If you had taken my opinion re placings onboard (two of which called within hours/days of dilutive placings) then you would not be so anxious about the capital decimation which has been inflicted on your 3,000,000 share holding!

I give up with you, incorrigible horse...

My take is that due to having just one well, not booking contingent reserves, that any partnership offers were brutal: perhaps leaving us with 20-25% of Moulaya and loss of operatorship.

Still, onwards and upwards, added a few...

Well I tried my best to inject a quantum of rationalism Sefton but your apparent stubborn nature, ego and frank credulousness appears to have paralysed your basic decision making apparatus.

It's fairly simple, events happen, future events require a degree of speculation then it is a matter of deciding whether to hold, buy or sell and the proportion thereof.

90k down today are we??? Good luck from 'the likes of me'.

No no no, not the SP but the hyped return. He's started throwing ROCE around now...

So, what is your new estimate for the return (special dividend). Can't remember what the last one was? £15 or £25?

So the placing, as called by myself, has occurred: albeit later than I called it but three out of four is a good score?

GRH, why do you never openly speculate about these relentlessly dilutive placings?

Sefton, I have been a little 'direct' at times but have tried my best to ring the bell of caution: such a toll should be always present when gambling on mini E and P stocks.....