Member Info for Obadhia

GRH,

OK, when you are able to reply then would be appreciated.

I note my original post was removed very quickly, and yet it was a straightforward question that should not have caused upset or given reason for removal. So Beware, there are dark forces, or influences at work!

GRH... I put you above playing silly games but that response I would call a simple cop out. Shame on you.

2021 is possibly a pivotal year for the Company in terms of production income from Trinidad and the high impact of any drilling success in Morocco. These factors could potentially very much enhance the Company's financial credentials to finally secure the Ram Head successor authorisation.
Pg 7 AR.

More bedtime reading from the book of the month.....

Page 22. The TGB-2 reservoir objective is considered to have the highest chance of finding gas (VERY CONSERVATIVELY estimated at 34% by SLR Consulting (ireland) Ltd's CPR).

My Caps but how many CEOs would have the confidence to state their opinion in writing and so add to expectations.
Good on you Paul.

Received a hard copy Annual Report yesterday, probably the best presented essential literature any company has produced for their s/holders. Oozes professionalism, well done Paul & co. Many of PRD's RNSs are released aimed at guidance to others in the industry, this report will impress likewise.

One query that others I'm sure can offer guidance . . . . . Page 34, Paul states,

'Confidentiality agreements .. (NOTE PLURAL)... have been signed with the Group's preferred LNG supplier and the provider of FSRU etc etc'. The question being are there two agreements here, one of which has yet to be advised, or when Paul refers to Hoegh as the supplier, does he mean in essence the carrier? Appreciate others interpretations, thanks.

55 x 50K sells in the last 2 weeks, another 6 so far today but now selling at slightly lower than the placing price.

Thanks GRH, appreciate.

GRH..., we keep reading of your £15 target total return, I wouldn't disagree, it should be seen as entirely possible.

But in what timescale. There are relative youngsters that have decided to invest here and who are not particularly bothered by the time it takes to show a decent return. There are others longer in tooth, I include myself, that were attracted to PRD by PG's stated exit strategies and timelines. I cannot, for instance, see monetising T&T occurring by Q1 '22 as intimated by PG and in many ways it would probably be seen as far too soon, resulting in largely missing out on CO2 EOR's explosive growth.

So I'm interested in your opinion as to when you feel £15 total value will be seen by s/holders. TIA

Superb post wacky and all the best for a long and happy marriage.

Looks like PRD moving to AIM in the same quarter Paul plans to monetise CO2 EOR subsidiary by (Malcy interview Oct '20) - of course maybe just a co-incidence, maybe not.

But let's hope that WTI doesn't creep past $75 and trigger T&T SPT.

Hi Sefton, always considered this swan to be grey rather than black ....

'Grey swan is a term used to describe a potentially very significant event whose possible occurrence may be predicted beforehand but whose probability is considered small. ... Because there is a slight chance the event will occur it should be anticipated, particularly as it could shake up the world economy and stock market.'

ATB

blissful, wishing traders lose out on the OPPORTUNITY of MAKING money is not the same as wishing people lose money.

Big difference. If you still want to view this as childish then that's your weird take.

There's been so many posts about shares transferring from weaker holders to those with stronger, more sticky hands.
Clearly wishful thinking, this is as much a trader's share as any other, the f.idiot in out merchants rife.
Couldn't recognise a golden investment opportunity if it smacked them in the face.
Can't wait for the day when they're really caught out.

Nic, the reason being that the Irish economy is built on a hyper-competitive 12.5% corporate tax that's the lowest in the developed world.

Biden is attempting to change all that, pushing for a global minimum corporation tax around 21%.
We won't wish him luck with that.

Heavily invested in PRD, as are quite a number of folk here, but that shouldn't stop cautious thought being aired.

I would have thought a company the size of Sinopec would ensure they dealt directly with Massy and Heritage, and likely welcomed vice versa. PRD's exclusivity of CO2 supply seems to be on a 12 month extension basis only and I doubt anyone has a firm idea as to where we're at time-wise right now. I'm hoping PG lifts the veil somewhat on all matters Trinidad, progress re revenues/contracts are far from clear.

Could well see the finals released next week and no doubt spiced up with Paul's comments as to progress since the end of last year. Should make good reading!

....for possibly tomorrow?

Bit like a waiting room here, in both senses of the word.

Here's to that cheery news soon for all.

Love your posts mEM, always a pleasure to read, they demonstrate a real thinking mind.

Have to ask though, with PG on record as planning to divest and monetise the T&T CO2 EOR business before the end of this year (OK may slip a few months) do you not think our exit will come way way before most of the possible progress you've outlined, ie post sale? That's not to say there won't be further value enhancements to the business pre-sale but, if he's sticking to his plan, time is relatively short.