Member Info for pduk

... Yes, "The gas purchaser and italfluids would of completed due diligence" but as you know, that is only in principle and not binding. That is where the real commitment is.

You can't trade on that asset if it is in the ground with no current way of extracting it, Daveyboy71.

Surely you can't believe that James Parsons did a runner because he cared about what we said or thought about him or indeed the experienced BoD ran out of ideas. He has happily set up shop elsewhere.

In addition, OGIF and ONHYM will always play a part in the license regardless of the company name above the door due to the legal, in-state mechanisms of Morocco.

Schlumberger also did very well. At the time they were given a healthy slice of a billion+ business and its future potential by providing services at cost. Then and now that share/risk is negligible, again, regardless of the name above the door, as they will no doubt be involved due their past experience in the acreage.

I want to be positive but the past has taught me otherwise. Don't think for a second ONHYM, OGIF, SCHLUM or the bond holders give a damn about us CURRENT P.Is. Our usefulness to fund/leverage/Hype the business expired a long time ago.

On the basis of risk alone, daveyboy71, no one is going to provide finance to a company for development when it has a 28million debt burden due in a few months and no means to pay it. No different to you making a mortgage application but have zero income, a huge debt pile with no assets. If the bond can be sorted reasonably, sure, there is a chance. But I always go back to the same question, if it could be done then why did the previous BoD a runner from such a huge potential?

Daveyboy71 but wait, deals are not able to be done due to COVID-19. Even though Chariot and others have released an RNS day-in, day-out for almost 14 months.

Diverse, I guess he has to come out of the woodwork sometime. COVID-19 gave James Parsons the opportunity to keep his head down.

Echo, Coro and Sound Energy... all companies led by James Parsons and left by him in an absolutely horrific state. Why will it be any different here? Be extremely careful and take everything with a pinch of salt.

Possibly medi111.... as long as we are keeping the lights on, there is some glimmer of hope.

Adrianuk ~ an additional 1/10 on top of what SoundasaPound1 has already given you, simply for the poor effort in trying to align yourself with the autistic members of society. In actual fact, by doing so, it is you who is doing them a disservice.

Judging by your posting history, there is nothing wrong with your ability to read or write, just merely your misplaced judgement that we can't see through your nonsense. Yes, I am a unsuccessfully investor - I freely admitted to that before your comment.

Adrianuk, pull the other one. Your sheer audacity to have the e-mail aimstocksguru@gmail.com. You have neither the power or influence to make him pay. You would be better off focusing your efforts on understanding exploration drilling and why BPC P1 was a duster and the likely hood of getting farm in when the previous drills also failed to find oil.

Most here (including me) got greedy. We listened to the hype and took our chances. Nothing more to tell.

Doubt it. Look what happened to Trellis. James Parsons opened him up like a Peshawari Naan.

.... rinse and repeat at Coro. He is literally Dick Turpin in a tight, shiny suit.

Don't forget, deal making is in his DNA.

rinse and repeat.

Rickierich, you have totally missed the point(s) and what I was making reference to. Nonetheless, you crack on son. Good luck with this and the rock collecting.

laallee - wise words. Have a good weekend (all)

Thanks Garry. I can't say the same will happen here (you will have to wait and see I guess) but I can relay my experience from Sound Energy and highlight the similarities in language/marketing/technical/promotional preamble nonsense coming out of this camp and a select few on this board.

The CEO at Sound Energy, James Parsons, was on approximately £5million+ a year. Whilst shaking our hands at Investor events around the country or at drill sites in Morocco, he told us to keep hold of our, 'Golden Tickets' whilst at the same time selling down his own holding via an arms length trading plan. It isn't as naive as it sounds (no pun intended) as there is a lot more context in around his appointment, but ultimately, after they had all done a runner and resigned (they wiped videos and twitter accounts) from such an apparent great find in Morocco , we began to realise what our multi billion dollar 'asset'' and seismic was really worth and how majors want to see commercially viable resource, not just migrated gas shows which you can find down Kensington High street.

P.S Apologies for writing soo much - the anger freely flowed! I do feel as though I should have signed off, narcissistically, with a link to my profile. ;-)

Graham. You're bang on the money.

If the licence expires or BPC don't fulfil their obligations on the acreage, the data reverts back to the Bahamas Ministry of Energy. This is standard practice across the sector. This is why BPC were able to analyse cuttings and data from the previous failed drills and then lay that against there own 3D seismic.

It is somewhat amusing to see the same arguments/conjecture happening here as they were at Sound Energy (Morocco). As above, Sound Energy (SOU) inherited / was passed on the seismic data accumulated by previous exploration companies. They hit the jackpot with the 'horst' (drills TE-5, TE-6 and TE-7) which saw the share price hit £1. FYI the shareprice is now just a smidge over 1p.

It was an exciting time. Comms was second to none and share holders were drowning in videos and webcams https://www.youtube.com/channel/UCE46N43vqv21OrEii1kNk5A/videos.
They were not shy about drill site visits either ( I went to a couple) or roadshows (One was at the Shard) and the CEO was always directly replying to e-mails; day or night.

We had Schlumberger on our side and we also struck up a relations with Rothchild to 'market/flog the business. Prior to this apparent 'marketing strategy', we obtained Aerial and Vibe truck seismic. They identified the key plays on the license and decided upon a 3 drill campaign TE-9 and TE-10 were dusters and they did not dare drill TE-11

Here is the polishing of the t*rd at TE-9. You will be familiar with here ...
https://www.lse.co.uk/rns/SOU/eastern-morocco-te-9-results-te55t06vj9une7u.html

"Interpretation of the wireline logs has not established the presence of producible gas, and hence the well will be plugged and abandoned, and not tested.".....
"the Company believes is further evidence of a working petroleum system"

Oh and another duster at TE-10...

"Sound Energy, the Moroccan focused upstream gas company, reports that the previously announced TE-10 gas discovery at Tendrara in Eastern Morocco, although having flowed hydrocarbon gas to surface, has not achieved commercial flow rates following the stimulated well test undertaken with Sound Energy's partner, Schlumberger. "
https://www.lse.co.uk/rns/SOU/te-10-well-test-result-and-exploration-update-zcnfbion9kv3vgz.html

We to had comparisons to historic commercial gas/oil plays form around the world. In our case Algeria. We also had the talk 'Majors looking over the fence' at our acreage. There was a direct link to Shell. All nonsense as nothing has materialised in over two years with the company in frankly dire straits.

I would show you the video where the exploration director categorically states at the Ipswich investor that there is no value in the Seismic, but the BoD, who all slopped away from the best thing to hit Morocco wiped all the canny marketing they had deployed.

I would be extremely careful of what Potter says as all these BoDs sing from the same hymn sheet. J

privateinvestor you really are a prima donna creating this baseless stories in regards to shorters.

Here is the register from the FCA of shorts held. There are none / significant or otherwise....

https://www.fca.org.uk/markets/short-selling/notification-and-disclosure-net-short-positions

... but don't let facts get in the way of things when you're creating your own production of Jackanory. You fuel the 'derampers' and vice-versa. Fingers crossed lock down is lifted soon so all the jokers here, on both sides of the fence, can go back to cutting hair instead of being a hindrance to this board.

PetroleumInvest, why wonder? Why don't you do it instead of directing others to its location, therefore taking away the opportunity from you?

"You seem angry Pduk....?"

If that is your conclusion to my rudimentary post, then I can understand why you spend soo much time on here.

Incidentally, if IreneKemp is soo unhappy with his or her investment then why hang around? Likewise, with a different slant, if you're so confident in your investment why are you announcing pitiful 300k buys on a public forum? Surely you would be putting your house on it and indeed providing a screen shot of your purchases? I think these are reasonable questions? No?

"Keep up the machine gun posting Irenekrapp, albeit you have managed to get a rare response from me"

Are you having a laugh, Petrodollar?? I don't agree with the (tiresome) nonsense IreneKrapp spouts either but you post on average 4 times a day, every day, that includes weekends! So respectfully, you're just as bad as IreneKrapp. You maybe be marginally worse when polishing this tu*d as you crop dust everyone with you preamble nonsense, state you're leaving, to then reappear 5 minutes later. Would be interesting to know what other alias you and Irene use.