Member Info for Obadhia

RNS 12/5
‘Two primary candidates for a potential farmin to the Guercif Licence have been chosen from the initial responses to a targeted marketing exercise by the Company's experienced management team. The Company is proposing to offer the successful candidate a sixty day period of exclusivity to complete technical due diligence and to negotiate commercial terms.’
That suggests two whittle down to one and they alone are privy, exclusively, to all PRD’s data to complete their own DD.

RNS 29/6
Confidentiality agreements executed with potential partners for follow-up drilling and potential gas development in Morocco.

Not for the first time s/holders are offered the chance to apply their own interpretation of what is occurring.

Interesting/exciting/explosive week coming?

Surely has to be new directors' options officially notified, since LB chose to inform via tweet, such news often buried, or mitigated within a good news RNS.

Advancement into low teens next week? -- Q3 start needs the right message, could well be on.

I'll tell you what I do conclude GRH , or whatever you like to call yourself, you may have the background in business to advise, the success to impress the impressionable BUT it should be clear to most by now your number one reason to post is to further your self-glorification. The same old, over and over again, nothing more, nothing less - throw up time again.

In the case of a successful outcome for s/holders I picture a very large, very long celebratory dining table, you at one end and me at the other feeling extremely sorry for the poor sods sitting close to you.

TT-T, I can't make head or tail of it, these contra trades have been baffling me for some time now.

Clearly more sales to date but the tide now seems to be turning.

One point I think worthy of mention. With identity theft, not to mention dog theft, rife at a time when UK policing levels are especially at a pitiful low publishing your name, your address and DOB on a public board is asking for problems in life.

Challenging others to be equally stupid by doing the same is, at the very least, irresponsible and I'd hope no one with half a brain, would consider acting likewise.

Footandmouth

In a sense PRD equity is reduced to 50% ...

Proposed JVP receives 33.3% less 8.3% to ONHYM = 25% net

PRD left with 66.6% less 16.6% to ONHYM = 50% net

ONHYM stake remains at 25%

Would you agree?

Yes, WTI $120 per barrel.

Compare that to the $63.56 spot price PG used in forecasting expected CO2-EOR production returns late '21.

Sincerely hope we now take CEG/FRAM to the cleaners.

Had the authorities in Trinidad acted promptly and responsively at the time CEG reneged on their IPSC terms, and awarded the licence to PRD in recompense then this matter could have been at least moved positively forward from this stage.

No mention of Lease Operators and the deal they hoped to have finalised before last Christmas, just a wafty statement about exciting developments etc. Heard them before.
Are they capable of closing any deal in Trinidad?

Thanks to all prompting a fresh look at NewMed Energy, been reading their AR 12/21, admiring their successes.

Last year $883M revenue, $405M NET profit, Mkt Value $2.45B.

Still in plan for a dual listing bringing them to LSE., (cash/stock thoughts)

They're interested in Morocco for the European connection and we've a field in Morocco over twice the size of Leviathan.

They have to be one of the two....haven't they?

It wasn't missed nametrade, Smartbeds, Adon and Zebra plus Methodology on Twitter covered this on the day BUT
worthy of repeat, who knows.

A year ago (24/6) we were told,

'The Company is pleased to be working with Hoegh LNG (https://hoeghlng.com) and Jumbo Offshore (www.jumbomaritime.nl), an offshore transport and installation contractor, to develop the project concepts.'

Nothing binding of course but would like to think Hoegh would be as supportive as possible if and when the need arose.
And that will be at least 3 winter seasons in the future, just look at the FSRUP planning and regulatory consent timelines. (issued July 20 and re-presented April 22)

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/04/Mag-Mell-Ireland-Project-Description-July-2020.pdf

I was listening to a well-reasoned debate earlier this week, the consensus being $175 by end of year.

Exciting for some, horrendous for a huge majority.

A question for the more knowledgeable .....

Is it not possible to fit semi-permanent, ie removable end caps to this pipeline rather than destroy any possibility of further usage by the stuffing of grout? TIA

Likewise Sefton.

I know Trinidad doesn't set hearts racing but, with PG or LB or both over there this coming Tuesday, very interested to learn the details of their LO deal which should be by now little more than a signing off event.

Hopefully more too on the FRAM asset they have in mind in lieu of debt repayment. In both cases we should learn more very early in June.

Cube was 8 days out with that prediction.

The bid then closed at 14.5p on April 8th.

Wish all predictions could be that accurate.

Further to wacky's reference to ConocoPhillips, our Moroccan neighbours, noticed they ended Q1/22 with a cash pile of $7.5 Billion ......

Ukraine crisis: Can Africa replace Russian gas supplies to Europe?

https://www.bbc.co.uk/news/world-africa-61334470

Certainly agree there Sefton. There are a couple of other areas of concern that cost me sleep, maybe others also.

The first the fact that this is largely a one man band, meaning no disrespect to Lonny or Louis. We have no Chairman at present although I realise this is being addressed but maybe not the total answer. Perish the thought but we have to remain practical, should anything serious befall PG's health where would this leave PI's? A rhetorical question.

Secondly, and I've read Novum's confident prediction, is the first extension period commencing late Sept guaranteed by ONYHM re. Guercif? Have we not failed, to date, to drill a well to 2000mtrs depth as required during the first period licence? Could/would ONYHM withdraw extension time? I realise this would not sit well with all their European partners and harm confidence in doing business in Morocco whilst at the same time mindful of the fact that to date they've hardly bent backwards in assisting PRD to progress this field. So what of the chances of losing out here.

No-one please accuse me of de-ramping, I too hold 7 figure amount and apart from swapping share fund stock to ISA account haven't sold any. So, genuine concerns aired which, if folk can reply with their thoughts it would be appreciated and maybe I can sleep more sound in the future.

You made me chuckle there Matt. Plenty of civility when the sun shines on a stock but as soon as the clouds of doubt roll in the children, the beast and the moron all turn up to **** off both stock and fellow posters.
Nothing changes except exercising greater selectivity in choice of reading.
A good weekend to all, next week could/should prove longs are still on the right track.

Yeah, what's the point of discussion, views, opinions when compared to the terrifically useful YouTube clips that some seem only capable of posting ...