Member Info for OLADAPO007

Thanks for your contribution here Jimmy. It does allay my fears. Folks need to be careful here with folks like this chap trying a deramp.

Louis, you are coming across as some sort of overgrown baby or what is the purpose of the nonsense you have written in your latest newsletter?

Forgot :) . GKP of old was a form of ''Carry on Drilling'' :)!

CCC , we gotta give it to dem GKP boys . They were smooth! Remember those bonuses that got paid out of placings that probably had some of it going to a divorce settlement? Man, it was just comical all through but we didn't see the funny side of it at the time . A bad dream all round.

Thanks GRH. What really slaughtered us was the careless attitude of management thinking they were part of the KRG structure. They should have known that the loans they were taking weren't in the interest of the company as a whole, they basically put themselves in a situation whereby they took those loans at the say so of the KRG big boys. After the discovery of Shaikan the SP rose to about £1.3 from say around 13p I bought in, it then went down to 30p and stayed there for quite a while despite the world class find , for a while no one understood what was going on. The funniest part of the whole drama if we all recall was when one of the executives was slated for removal and had an official of the KRG plead on his behalf that he shouldn't be as it might affect the working relationship. It was then most folks thought that there might be more to what was happening than we knew.

Another nasty thing they did at year end which basically was uncouth were the mad bonuses that got given out at year end which definitely did not come from profits, as the company was still in its infancy when they were paying them out. Most of those bonuses most likely came from the proceeds of placings to advance the company's drilling . For GKP of old it was always one bad story or the other huge placings and huge salaries for executives that basically led the company to the gallows with management not having a care in the world.

The management in PRD appear quite honest in all their dealings and give no one any reason to want to sell their shares. The only reason some might sell is if they were to get confused by the like s of ''In James we trust'' and other folks of his ilk.

GKP was a problem because it got led by a guy who thought the company belonged to him and we all know how the company ended and what became of the guy in charge of it. To however blame him 100% would be totally wrong as he had KRG breathing down his neck all the time , in the scheme of things he thought his loyalty belonged to the KRG and not the shareholders who lost everything because of him, the krg and his living big ways in all he did.

Folks researched like I did and believed that given the geological situation of the area Shaikan is and all those impressive seeps which I might have read about in at least four publications, that the chances of a duster was almost zero, we were right but got let down big time by the management.

Talking of everything that had to do with a breakdown of corporate governance, and GKP of then represented it. PG and LB in my humble opinion have restored hope to Hydrocarbon investors and have made those serial researchers understand that all is not lost and that the oil industry has still got decent folks who see themselves as part of the ordinary shareholders and are ready to work for the common good .

I was involved by way of Shareholding in Paul's other company ie Fastnet, even though it didn't work out , I was able to have a one to one with him at a presentation at Tower hill where he explained pretty much what happens in oil drilling to me patiently without any sort of disrespect from him. At the end of the little lecture he gave me, I knew the company would probably pack up any time soon but his honesty made me continue to follow him until he came up with Predator as I would rather lose money following the truth as opposed to losing it via the sort of things going on at GKP then.

To the wonderful team at PRD, I say a big thank you (even though I know it could all still go wrong) and continue to believe that you are and would continue working hard on our behalf and would always put our collective interest first in all you do regarding PRD as opposed to the self aggrandisement that was GKP of old!

25 comes with formal RNS stating flow rate and all that.

Thanks for knocking that outta the park. Cove I believe had a small stake in that exploration and still walked off with $1.4billion or thereabouts. Our find I believe is about 10km from the necessary infrastructure and going by what is going on ,would be a very large find when the Jurassic is included.

I never heard from anywhere that Cove's share got reduced by near half because of the infrastructure virgin area . With our 75% holding M.Cane reveals the relevance we could attach to a take over action which we are all greatly looking forward to. Every time you put something out here some oil business naive guy who reads gets closer to being very knowledgeable in the field. Many thx to you GH.

MOU2 could be returned to in future!

This TW guy would do anything to short a share! Why does he not get a real job like the rest of us. He seems to be taking on Lonny now. With the amount of information out there now, is there anyone out there who thinks their investment in PRD hasn't been derisked yet? I guess none. Somehow , I believe there is still a lot coming from PG and Lonny for all to feed on . This Moroccan field alone is big enough for other companies to retire on but that is not the PRD team they stil have us waiting or looking fwd to Ireland and Trinidad with an "ass kicking" strategy that would surely deliver! Folks, if the Trini cash requirement needs a placement that involves the shareholders , we should all try to participate . This PG team has delivered for us big time.

On a takeover , there won't be enough vault rooms in the banks to keep the cash we would be getting from Chevron , Exxon, Conocco etc . So please stop the resource elevation. :)

Well done Graham. You have done the decent thing!

I guess some folks are not so bright as to know what you write and don't about other folks in a public fora. I read what he wrote and for a while the word nincompoop came to mind. It was clearly full of falsehood and libellous to put it simply. That someone took a screenshot is not surprising. How on earth could the GRH chap possibly offend anyone? Somethings just don't make any sense to me!

Chances are the CHAR folks are hearing gr8 snippets about the wonders going on in the MOU4 drilling and have acted fast. Now are they going for the field abandoned by Conocco or that and the 25% we are relinquishing? We get the CNG going and that's the end of our issues with Financing which we all know has been quite challenging!

Simple logic is that if CHAR thinks our onshore play is quite prospective and are going for the same sort of play via a placing, why then should our SP be dropping?

For the CHAR folks to be looking onshore probably in our area, they might have been impressed with what they have garnered from our area , BWTFDIK?

I was going to suggest that. CHAR seems to have close to 1billion shares in issue. Further dilution to pick up an asset is probably not a bad thing. Connoco's dropped field and our dropped 25% forming one licence for them to grab?

What could the possible bad news be? Remember the RKH story?

Well you never know!

Stop all your deramping nonsense mate, no one is buying it. Go check the distance of the discovery in Guercif from the pipelines and you would know this can't be compared to what you are talking about in Tanzania.