Member Info for OilyFred

Crikey,

Taken out my original stake between

Yesterday and this morning, now on a free ride with the remainder. Not quite what I had hoped for

This sounds very much like JV to me, could be wrong, let’s see what MOU4 delivers

No but I think Big Ears has put a few quid in…..

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I wish people wouldn’t get their knickers in a twist o said 25p this month and not ultimately, crikey

Will be very interesting to see how the Market Dynamics work in the next 10 trading days prior to an Update on MOU4, there is a hell of a lot of unrealised profit to be taken and yet there is the potential of 25-30p a share by month end, you pays your money you take your choice

Who are they, you need a better broker?

GRH

I’m reminded of the quote below

“You will never reach your destination if you stop and throw stones at every dog that barks." Winston Churchill.

I’m sure PageOfCups doesn’t bark very loud

There was bound to be selling pressure when the spud was announced, people derisking.

Someone is accumulating this morning

As long as PRD acknowledge they are an explorer and not a producer then they won’t suffer the same fate as GKP.

That’s because 70 percent is crap

12th of August, well it’s the Glorious 12th isn’t it, what an appropriate date for some very significant news.

In other words a no reason at all whatsoever

At 5-10p in the pound I completely agree, massive income for exploration work only, maybe a royalty deal to be had ?

Would any Govt want to just sit on a potentially massive revenue stream? Or would they want an appropriate organisation bring it to fruition at the earliest opportunity?

MEM, you are forgetting one very vital and important factor, PRD are answerable to the Govt

Smart Bed, we have zero chance of monitising oil without selling it off at a price that is attractive to an organisation that has very very deep pockets

Pageofcups, you may want to comeback in 6 weeks for a discussion on fundamentals, for now people with deeper pockets than you or I will send this higher IMO

MEM, Oil would have a value and no doubt we can sell it off to a company with far deeper pockets than ours for maybe 5-10p in the pound.