Member Info for OLADAPO007

A sale would be for a defined resource the extent of which is known, this has no known extent yet,

PG has a clear idea of what a 3D of that size would cost having been involved with one for the Atlantic margin while he headed Fastnet. What's your likely estimate?

Would probably not make sense to offer the whole licence straight away in my opinion. If AG then decide they want the whole licence area, the price certainly won't come cheap, Best they can do for now is to partner us for the 3D and a couple of wells on Mou5 plus some cash , on a success case , they would have a bloody good asset which they would be happy with ,while we also have cash to do the same on the rest of the block. We need no early cheap sell out scenario.

Nick, best strategy going forward is to let the negotiations be centred on the Mou5 area of 180sqkm out of the 7k sqkm. Once finalized and sold, a repeat and rinse could be carried out on the other 5 or so prospects identified thereby creating maximum value for shareholders, this time wouldn't have to pay for it.

20s? On what basis?

Lonny hasn't said anything today as expected. Has someone nobbled his rum supplier?

Truth be told. The plunge in sp has nothing to do with an RNS but just speculation! Is it possible for anyone on here to tell me that Lonny couldn't be doing what he is doing in order to scare folks and accumulate cheap shares?

Old,

I do admire your optimism, it would become reality if the boss decides to test and its successful!

He said Tingas has said flow is possible after swabbing. Why hasn't he gone for that?

The problem seems to be his aversion to testing for which he has raised so much money for.

PG's only hope is to be able to raise enough money from Trini and Mou3 and to redrill the Guercif wells and to continue expanding in Trini via the monopoly he holds on CO2 there which is no small beer. With the CO2 leverage , his output of crude and hence cash in that jurisdiction would surely grow.

Would ONHYM have acquiesced were PG to be lying in those RNSs?

Whatever they are sending over to the USA must show a bit of promise b4 sending it. Most likely with the snippets introduced so far ie 1557 ppm and 30m sands etc , A bit of promise must accompany the samples.

I suspect it might. They might have some "up in the air " thing about Guercif but would work hard to present something positive about Trini and Ireland. I guess PG currently would also have an unsettled mind. All he needs to do is a favourable test regarding MOU3.

Jimmy, they have said to wait for the full report, all we need do is await it!

Eva definitely not selling at a loss. It's the spooked private investors that are falling for RKH KIND OF TRICKS IN MY OPINION!

He shouldn't be blamed for saying the drill has been completed and mentioning a few titbits which were positives. That's all he did and a more comprehensive report to follow. Folks have misinterpreted this and Eva that should be a strategic investor appears to be shifting shares short term.

Chances are that due to the scale of Mou5 , Vermillion might be interested and due to their current relationship with Paul regarding Ireland, they might have right of first refusal.

For such a big field with the potential rewards, it has to be done well.

Mumbo, know what exactly? This is not Exxon or Shell here with huge pots of cash but PRD that's struggling with very limited resources!