Member Info for pv72

FUDin at 1521hrs

"Just as an aside today Eco which is on keithoz list, have agreed a deal on a licence with 4 billion of prospective resources for $2.5m upfront and $11m in carried costs for a 80% stake. Madness suggesting that PRD will get a deal 5 times that according to the experts on here."

Well didnt CHAR get nearly 10x that off energean? And that was for a really expensive offshore development, practically next door. Or wasnt that example good enough for your narrative/agenda?

Keep fudding away fella. I'm sure you'll reel in some poor sod in time.

Behave Oily!

Are you on the wind up? Lol

He fully deserves pelters for spreading unsubstantiated drivel with no basis in evidence. When challenged, he just resorts to more unsubstantiated personal attacks. He has subzero credibility. His post history speaks volumes. A WUM pure and simple.

Anybody aligned to this "poor chap" should seriously give their head a shake.

Nice one Keith!

Just to add to your themes....

No money?

Let these numbers sink in for a minute......Energean spent around $100m US on seismic, drilling and up front fees. On success, they agreed to shell out another $850m US for only around 45/40% of the licences - which sadly for CHAR didnt happen.

Bearing in mind the more favourable development costs on shore for PRD and proximity to GME pipes, I expect a more attractive NPV. This should generate more competition and a better deal. Our 'stub' equity might still be quite a thick wedge at anything up to 25/30% judging by what CHAR negotiated. But nobody knows for sure.

Over to our FUD friends for an analytical counter.

Laughable indeed! 🤣🤣🤣🤣

Good night

FUDin @1629hrs

I note 2 points from this post.

1. I see a not too subtle attempt at anchoring a possible low expectation level for a possible divestment divi. I take it all with a pinch of salt. Talk of any value is impossible to predict because we dont know how much equity they wish to retain, as well as other unknown factors. Also KOz and others have highlighted the scale of possible deals elsewhere where nothing has yet flowed. It could be a good deal or it might not be. Nobody knows for sure.

2. "positive posts are never questioned by a large section on here no matter how out there they are." Therein lies the problem. The trolls dont tend to give any evidence based rebuttals. They just spread fear, uncertainty and doubt and cast aspersions on the key stakeholders at the sharp end or valued balanced contributors here. I refer back to KOz's data on non-flowing field divestment deals. Not one negative about the data and evidence. But tons of ad hominem attacks. I'm sure their parents are proud of their contribution to wider society.

I've made my choices based on my research and appetite for risk I trust all other genuine investors have done similar and positioned accordingly.

DYOR and GLA

Tit @1627hrs....

"I’m not here to discuss things with you ."

Well if he isnt here to discuss on a share chat forum then why is he here at all?

What's left of any credibility is surely now well and truly shot. Has the travelling circus lost its clown? 🤣🤣🤣

I don't post much these days as it became apparent to me some weeks ago that there a quite a few disingenuous posters posting under several different usernames. That has been clear for all to see.

Now ask yourselves a simple question...the sp is up 9% as I type on no news yet the forward troll density indicator is rocketing upwards.

There is a simple answer.....they are loading up!!

Buy, hold or sell. The choice is yours. I'm still here patiently waiting. GLA genuine holders

Agreed MR.

It's all got a feel of bottom drawer hold for me just now. Any big news is some months away.

My prediction is we'll get some TT news confirming purchase completed next month. Getting meaningful revenue from that will take time.

We may get news re: mou3 A sands testing later in July but suspect any significant Sp moves will only happen with some sort of monetization deal later in say Sept, if it goes well.

Ireland is the joker in the pack. May or may not come in at any time. Impossible to predict.

Mou5 is ages away yet. Possibly a year or 2 before we get to doing some 3d seismic with a partner.

Time for patience imo. Unlikely we'll get any big news until later this year. DYOR

GLA LTH

Hi Jimmy

You have been very bearish on this company for some considerable time. You'll have to forgive me but I'm struggling to reconcile your posts with someone who is long, no matter how small the stake.

What is stopping you closing out completely? What's your objective with the remaining holding?

Thanks in advance

Hi MJ

That has all been 'debated' to death on these boards for months.

I go by what I read on RNSs and my own research. I then try to draw rational conclusions based on that. Others seem to make emotive arguments which dont float my boat tbh. I do note that there was very little technical argument about that research paper but lots of noise about the person writing it or publishing it. Speaks volumes.

As you say, the truth is right there. I believe I'll meet my objectives with this share in good time.

Have a good evening.

What an entertaining few days.

Somebody puts out an informal research note and all the trolls shout P&D. The SP barely moved.

Well at least it would appear that thebold's account has been suspended. Long overdue.

Porters1 will no doubt become Porters2 soon and life goes on.

The SP will only move on news. I expect when it comes, the LTH will do well enough out of it. That's why I'm still here. DYOR.

Evening MJ

May I refer you to the last RNS. They fully intend to get mou3 to flow....soon.

The truth is right there staring at you, but you choose to ignore it - why? 🤣

I'm also pleasantly surprised. Clearly the market expected worse, so a good marker.

When you delve into the numbers, the headlines are steady enough but the future potential is more interesting to me.

They're spending record levels of investment which will grow their businesses markedly over the next 5 years or so. They're targeting EPS of 175 to 200p per share but currently only paying out 60p odd on divis because of their capex needs.

Once their capex needs ease off in 5/10yrs time, they could be paying out 2 or 3 times more in divis.....meaning possible SP rerate to £25+. In the short term, they've also targeted 5 to 10% divi increases year on year.

What's not to like? Good risk/reward in a solidly performing company. One to hold for me, possibly top up on SP weakness.

GLA

Agreed tmh

To build on that Porters1 is clearly a different person to the original Porters. Their respective vernacular is very different to each other. Best bin them all off. And also get an ad blocker too for good measure.

That way you starve them of oxygen and clicks. And they'll eventually be forced to get proper jobs when their masters realise theres no benefit in operating in this way.

As for PRD, its bottom drawer stuff for me now. What ever paper losses I have made here are more than compensated by recent rises in GGP. So, overall I consider myself fortunate. Imo, the risk/reward and the actual assets will give us LTH a sensible return in the end. It'll just take a little time, like it did with GGP. Sometimes you can get in too early. Chalk it down to experience and move on. GLALTH

Too true euro

200+ posts of pure love and care. Valentine's day was last month.....who'd have thought it?

So, to summarise:

The way I see it is that they have confirmed the presence of the target formation and revealed a new potential resource as well.

They now need time to evaluate the full extent and commercial viability of those resources.

So, let's wait for the next RNS and see where we are then.

GLA

Hi IJWT

In my career I worked under 3 similarly styled CEOs. All three were hugely successful delivering record profits, excellent performance and excellent shareholder returns at the time. Over a long sustained period of time too.

They weren't necessarily the most fun to work with or for, granted. They were sometimes very tough task masters. But it was a privilege to see them in action and contribute to their success.

If PG delivers a fraction of that success, we will all be very happy in the end imo.

Hi IJWT

Apols, I must have missed the request. I dont frequent these boards so often these days.

Never been in sound.

So cant help you there.

You might have me confused with someone else?

Cheers

PV72

Agreed.

I saw a man in a serious hurry there!

I dont buy into the delusional narrative being sold by some on here. There are and have been several CEOs with similar bombastic personality traits who have been very successful over many years.

I can see that here, clear as day.

If we get success at MOU5, then things will move at pace.

Roll onto next week....

GLA

Good to see rosso.

I agree.

I've also been in ggp since sub 1p days. Beginning to look really good there after a tough last few years. The transformation from junior explorer to producer has been nothing short of phenomenal for them. Those with patience are about to be rewarded.

I'm also expecting the same here eventually!

GLA

Just catching up on posts over the last few days and note Porters is still bearish on PRD. Plus ca change.

Wondering when he will ever take his own advice and close his position (if of course he has ever held any shares)....seriously, is he paid to post such rubbish???? Lmao

Thanks for sharing that nugget of info dickienicholls. Let's hope Santa is kind to the LTHs in January. Should lead to a nice little run for the SP for the next few weeks.

Festive greetings to all