Member Info for OLADAPO007

The loss of 25% of the asset on a farm out probably made management wake up and do some new calculations. Now if the new well is successful, then they would start producing within 6 months plus funds generated could then be used for further wells on the block, smart move no doubt and we could stil lretain our 75%.

https://www.bloomberg.com/news/newsletters/2022-08-01/the-big-take-gas-crisis-means-germany-is-turning-off-lights-hot-water?utm_content=business&utm_source=facebook&utm_campaign=socialflow-organic&utm_medium=social&cmpid=socialflow-facebook-business&fbclid=IwAR0Rfia1G9S_WXzqf9Fzhdby0apClxCux34bg8uoXiwQw0uVPxZkA5PndoY

His psychiatrists would become billionaires before you make a penny from PRD! :)

Folks, sorry for my ignorance on this question. Is there a possibility of CNG gas being exported to other countries or is it a case of exports are only possible via LNG?

Permanent closure of Nordstream? Very likely possibility as the continuation and opening of it would only send Russia's stength and wealth in only one direction ie up. Now does the west want that given the problems we are facing when so far that hasn't been the case?

Mouth watering prospects if we hit at least 19tcf as MEM is pushing daily. Now GRH said 1.823tcf is likely to be worth around £23 per share! Assuming we really hit 19 tcf which is around 10 times what he is basing his prediction on , would it be possible for someone to take us over at £230 p/s? This is basically giving me sleepless nights , at the start of that prediction, I had difficulty sleeping. I resorted to counting sheep so as to be able to sleep. Now constant sheep counting has meant that I have run out of sheep to count in order to fall asleep meaning I am now an Insomniac !

Anyone encountering same problem? Please keep this in house . Thanks guys and girls. Problem is that I haven't even factored Ireland and probably Romania into my thinking. What would happen if those and then Trini were to come on board?

Now let's not detract from the problem, anyone know a new sleeping cure for what is likely to be come a widespread problem on here pretty soon?

My suspicion is they have probably not reached a deal with those JV folks and have now decided to do offtake deals with local consumers of gas who would pay upfront for gas.

Probably pulled off the farm outs!

With ideas like that Jonmo91, very soon the usual drift down would start. Wait for an RNS please.

https://jewishbusinessnews.com/2014/01/08/ey-tamar-and-leviathan-gas-fields-worth-52-billion-to-israel/

Wait a minute, it appears like one of our prospects in Guercif is 100sqkm !

Wow! Is that all? If size were the important thing in these endeavours, our 7k + sqkm would be a major monster if the same level of find were extrapolated!

What is the total area of the field please if I may ask?

Looikng fwd to that Nic.

The idea for financing I guess would have been to use Trinidad income for developing Morocco etc but that fell short thanks to CEG! If there is a resolution there in time , things might be better

I suspect if there is money to drill for more, he would go crazy and do so. £15 for a tenth of 18tcf = £150 if he could prove up the full monthy! Would nearly be the best performing share on the LSE by a mile for a long time!

Thx mate!

MEM, how much would that 19tcf of yours be worth assuming 50% of it comes our way? :)

If I remember correctly, there two many unfavourable hands in the GKP pie unfortunately both external and internal. Going by what we saw at the time the government of the country put too much pressure on the company hence them entering into such unfavourable loan agreement. The KRG owed silly amounts of cash and the GKP's assets presented a good way to pay back those debts hence the pressure to fast track production. In this scenario the Shareholders interests got sacrificed by a board that also issued out shares to themselves like confetti. In PRD PG appears to fight hard for the shareholders interests as he is a major one himself. Fingers crossed, may the fate of GKP not befall us here. That company got hit from all sides and guess where the removed chief executive is right now folks?

Billy,
You contribute a lot yourself and one gets to learn something new from everything you put.

Yes Nick, it's the usual poor communications strategy thing afflicting PRD that folks are always complaining about. :)