Member Info for OLADAPO007

Could it be that the farmout discussions hasn't gone well and this fund raise is some sort of hail mary pass to fund the seismics etc? I guess the big boys aren't convinced!

He throws this names about, but the truth of the matter is that, gas is yet to flow. Hasi is good and comes with helium, gr8 to have that, he has even toyed with the idea that our acreage might have lithium and Chromium just as Lonny teased when he got drunk and shat on twitter. Time prospect turn producer?

Zenith would win in the end.

You forgot to mention that IVZ could also possess Helium in its block.

Chances are that other areas of Minnesota could also hold such a great promise.

I am not against them doing a raise , any raise they want to do should not be at the current price but much further in the proceedings . They have done well so far with more to come pretty soon.

Not sure why, but with not many shares in issue all sorts of games are going to be played. 8.5 to 14.5% concentration? Where and when did you ever really come across this? No water issues yet, only God knows how far deep they'd have to drill to encounter water, the farther they drill without encountering aqua the bigger the reservoir becomes. Last we heard, it's supposed to be district wide in size! Turning out fast to be a kick ass share!

Hoping the amount of shares issued stay low , the illiquidity would propel the shares to massively new highs!

Great analysis G_G_G. Your sort of insight is greatly welcome and sought after.

They were hoping MOU3 would be a scorcher in terms of results ,then an extrapolation would occur which would make the Helium prospect more marketable . There was always a risk that Mou3 would disappoint, but a new would display that fantastic find at all levels. Lonny most likely got shown the way out because he screwed up all the wells, but then it does appear that no field in Morocco has the xtics of Guercif so the experience Lonny brought in probably became irrelevant, unfortunately!

Sandyberger,

He probably saw what he needed to see in Mou5 ie the carbonates, a new 30m column of sandstone never seen b4 in Morocco that he himself probably never thought existed. Continuing to drill would probably have meant him showing that the gas is there in good volumes. He probably thought ,having satisfied himself that the gas and Helium were there, better to save cash and go into something revenue producing with it hence probably the need to stop Mou5 when he did thereby diverting to TT.

How much of Mou5 he gives away in a farm out would depend on how much money he could make from the oil sales in TT and whatever he gets from partially divesting Mou3! Sounds like a smart move but I guess the trolls got the better of once dedicated shareholders and the SP went into freefall hence where we are now. Overall, I believe going fwd, that PG is trying to balance things out, if the Helium aspect delivers , then everything would work out well for all. A P50 valuation of $30b would put a gr8 smile on the face of everyone while a P10 valuation if attained ie of $150b would probably leave folks with heads to scratch as regards monetization routes of such a find! End of my little rant on what I believe would be a bold free week!

bowlsed,

what if we are able to raise good money from tt and a bit from ireland while the big boys still remain sceptical of the nature of our asset in morocco, it only means we might have to go it alone probably hence the reason pg is working his **** out in tt in order to have cash to show the majors so that too much of guercif won't be given away so early.

Cephalo, 4%? How come?

Has anyone been able to put a figure on what Mag Mel would be worth in Morocco? If approved by the Moroccan government, going by PG's comment of $150b comment a couple of years ago in an Ireland with more infrastructure than Morocco, who knows where we might be headed?

The stock markets around the world are Trump's version of bet365!

Jasper, The Moroccans know better than attempting to force Paul to accept a deal . The legal implications as they have found in a recent case could be far reaching.

Https://metro.co.uk/2025/04/02/full-list-countries-affected-trumps-liberation-day-tariffs-22834100/?ito=push-notification&ci=4mcKYZVhw-&cri=Pieotl3G3c&si=ZDHSZiR3y2CC&xi=190be9d1-c3b6-4fad-94f2-ae6366064c09&ai=22834100

PG's game is probably to sell a small portion to AG for a lot of cash and despite acting like he is tired of hanging around the place, go all guns blazing into the next stage.

Let's see how this plays out, why is PG so coy about releasing the results of Mou5 in full? Doing so would attract lots of other folks, he talks a good game every time and I am hoping he gets the best deal out of this.

From Chat GPT:

For an onshore 3D seismic survey covering an area of 180 square kilometers, the cost can vary based on several factors such as location, terrain, the complexity of the geology, and the quality of data required. However, typical cost ranges for onshore 3D seismic surveys are as follows:

Lower-end estimate: If the terrain is relatively easy to access and the geology is not overly complex, the cost for such a survey could be around $1 million to $3 million USD.

Mid-range estimate: For more challenging terrain, such as mountainous or forested areas, or in regions with higher logistical costs, the cost might range from $3 million to $5 million USD.

Higher-end estimate: For more complex environments, such as sensitive ecological areas or regions requiring advanced technology, the cost could potentially go as high as $5 million to $7 million USD or more.

Factors Affecting the Cost:

Terrain: Rough or remote terrain increases the cost due to the need for more specialized equipment and logistics.

Data Quality: Higher resolution or more sophisticated data processing can also increase the price.

Equipment: The type of geophysical equipment and survey methods (e.g., vibrator vs. dynamite sources) will impact costs.

Environmental Impact: Areas with environmental restrictions or special considerations may require additional assessments and permits.

Seismic Crew Size: Larger or more experienced crews can increase operational costs, but they may also provide faster and more efficient surveys.

For a detailed quote, it's best to engage with seismic contractors, as they would evaluate the specific site conditions and requirements before providing an accurate estimate.