Member Info for pv72

oh go on then porters

i'll engage with you just the once, for a bit of fun.

so, how long are you prepared to wait? what would have to occur before you close your imaginary position? you've been here years, yet not since posted once from over 800 posts anything that can be construed as vaguely positive about prd?

you present yourself as researched and reasonable, yet clearly cant be ****d to read my post history. i have never once articulated that prd has oodles of cash to do whatever it wants. my position has been consistent, unlike yours.

over the last few weeks you have perpetually bleated on about: there is no gas, then it is not commercial, and then they are not funded. when people dispel your hypothesis at various times, you then just repeat the cycle ad nauseam.

i'll let others judge who the tiresome idiot is here.

enjoy your evening

And so we go onto the subject of funding, yet again.....

Even the most ardent bulls will agree that it will be cut a little fine to cover off MOU5 drill with existing funds.

But PRD have said that they don't expect to need additional raised funds for the next 12 months. This suggests that they hope to monetise mou3 or get cash flow from TT before they get around to mou5. There is also the long shot of something landing from RoI in the near term.

If none of those materialise, then we may need to raise £2-3m worst case to be on the safe side. That wouldn't be the worst thing in the world for me, as long as any raise was accretive. I'd take dilution of a few% for a potential return of many times more. Risk/reward would still work for me.

@Porters, I deduce from your recent posts that you aren't prepared to wait too much longer. Please tell us when you plan to 'close' your position. It would be a crying shame if you left us. I'm sure we'd all miss your incessant (and generally ill informed/baseless) whinging. 🤣🤣🤣

GLA

Desperately sad to hear. Hope their family and friends stay strong at this trying time. Heartfelt condolences.

Doesnt seem that unusual.....

https://earthworks.org/issues/flaring_and_venting/

Every day is a school day

Aww, bless them....

I've got a few of these they can have.....

👶👶👶👶👶👶

Blimey! Someone should tell you that drugs dont work. Just say no!

Thanks for the chuckle anyway 🤣🤣🤣

Or someone who needs some cash to pay off his mortgage/his daughter's wedding/home improvements etc.

Delete as appropriate or add your own.

His handle really does epitomise values such as integrity, honesty, trust and virtue.

Defo one we can all rely on for sage observations and advice 🤣🤣🤣🤣

Cybertron

If you dont know the difference between risked and unrisked numbers, then you have a serious disadvantage when investing in this space.

I'd do some reading if I was you. I'd hate to see you lose money due to naivety.

Have a good evening

Hi squib

Thank you for making time to respond. You are indeed an intellectual colossus and I am not worthy.

You appear to have nothing to say on the other points, from what I can see.

And you can only resort to insults. Speaks volumes.

Tbh #5 was very much tongue in cheek but I wanted to give you a counter to your equally loopy points raised.

Keep rolling your eyes. I do hope you find your brain there one day.

For now I'll file you under complete waste of my time.

Enjoy the rest of your day...oh, and good luck with your punt (I'm delusional, didnt you know)🤣🤣🤣

Hi Squibler

Thanks for dropping by.

I'd like to ask you a few questions if I may, as you strike me as deeply passionate about where this share goes and I'm really worried about my investment.....

1. How old is PG? He is ancient isnt he?

2. How many shares does he own?

3. Why doesnt he just retire off into the sunset and cash in his already considerable PRD investment?

4. Is it possible that LB left for personal reasons such as spending more time with the family or for health reasons? That sort of thing should never catch on in the 21st century, eh?

5. Is it possible that LB is so confident in his current PRD holding that he never has to work again?

6. Why did advisors actually ask to be paid in shares? Are they lunatics?

7. Why would PRD kick off a flow development plan if there was no gas? When they know they also like to drill MOU5...

8. What if it truly is a big find? Would you expect all the flow tests to be done with so quickly?

You say you have invested punt money but are also happy to see it go down the pan.

You'll have to forgive me but I'm finding it a little hard to believe. Maybe you are far richer and more successful than mere mortals such as myself in such matters.

My finger is hovering over the sell button and your help is much appreciated.

Thanks in advance

Bang on Sandy.

I intend to enjoy the weekend.

Let the whackos outFUD each other on their own. In one sense it is quite a tragic existence, trying to scare people into selling or not buying. Or worse still, conning people into thinking they are holders and got altruistic thoughts at heart. One day it was all about an imminent fundraise, the very next they were all banging on about the gas not flowing. From what I can see today, it's just a torrent of woe is us, we're all doomed I tell thee.

Total rubbish. Real altruists would say, this is high risk but if you can afford a small punt and potentially lose it all, you might make a serious return. That is the reality. It is risk vs reward.

We are all here hoping to make money. Sadly, some here want to do it at LTH expense. Trust your research. Place your bet size accordingly. There is still risk, as there always is.

The genuine LTH will simply wait for concrete news when it is ready for release. Next week, next month or whenever. It will come. And I'm quite looking forward to it....whichever way the ball bounces.

GLA

@itsyetmoreinanehalfassedFUD

Grown ups read this forum

I cant be bothered scrolling through your stinky spam any more

You're in the bin! Congrats! I hope your mum and dad are proud.

Have a lovely day

🤣🤣🤣

This board is practically unreadable today, bit of shame really. Too much emotive language used by too many, when clear objectivity is called for.

There also appears to be a concerted FUD effort designed to put people off taking a long position, so they can trade a short term process fluctuation.

So I've tried to look at this objectively...

1. Financially we are prob cutting it a little fine with our cash in bank vs commitments over the next 12 months....even though the company has clearly stated they are fully funded

2. So even if PRD does decide it needs some extra cash it wont be a lot....my guess is a few £m to complete all the flow testing, drill MOU5 and some really small stuff re wax treatment in T&T

3. This small potential gap could easily be closed by part monetization of CNG or RBL if they get some flows announced. This I think most likely and we have a few months to produce this before we wish to drill MOU5. They may even get T&T producing by then, but that is less likely in my view.

4. If #3 above isnt viable then they could do a private raise or they could do the bucket shop route. Worst case scenario in my view is a raise of £5m which would potentially mean 100m more shares. If we went down that route I actually think it will be considerably less than this, because we prob wont need that much....50m new shares might be enough.

5. The worst case scenario would represent a dilution of c15% for a potential return of billions....small stuff in the big scheme of things if you ask me.

This isnt for widows and orphans

There is still lots of risk

Risk/reward for me suits the position I have taken.

GLA

He should change his name to 'itsyetmorepoorqualityFUD' 🤣🤣🤣

Singularly one dimensional viewpoint, much akin to beancounter.....oh wait, are they the same person?

Would love to know what his upside case looks like....I'm sure it would be entertaining...

Or put it another way.....if they do get an income from T&T or if they do get stable flow rates from mou3, then they will have access to cash to drill MOU5.....

Place your bet size accordingly. Understand your risk/reward.

GLA

Even though I'd love mem to be 100% correct here, I dont believe RoI will achieve anything that soon after a general election result.

We only need to look at uk and the time it took current govt to spell out its plans for gb power.....best part of 3 months. And it was meant to be a key election pledge, hence speeded up....

It'll be 3-6 months after their general election imo before we see an official line on RoI govt policy. If corrib is deemed important to those plans, then we are quids in. There will still be the risk that other competitive options hold sway over the corrib opportunity.

GLA

Hi AGD

Easily done! Keithoz had a go I think on 'oak securities....' thread on Oct 4th. If that's no help, feel free to share what you have done in here and I'm sure we can help....I'm a bit busy today on wife given duties but might find time later if you need it. Good luck!

Just playing catch up today and note the RNS

I believe the new options granted are a big positive and the 3 month timeline gives us a clue as when to expect some concrete news.

As for Lonnie's lapsed options. I see this as entirely normal for he has left the company. There is nothing untoward here. Some years ago I left a company as a 'good' leaver and had to give up my options. It's quite normal imo and he still has a very good stash of shares to benefit from. All talk of leaving under a cloud etc is currently baseless imv.

GLA

Hi everyone

Sorry for tardy reply. Had a v long day in sunny Aberdeen on business.

Really appreciate everyone's comments but special thanks to Keithoz for sharing that paper. I was indeed questioning general accuracy. I need to re-read it a few times to really grasp the detail and nuances but it would appear that we humans do tend to overestimate resource calcs.

I will temper my enthusiasm for possible special divis accordingly. I also think we should all be wary of getting carried away with outlandish predictions. Let's keep it real, please. I'm not interested in counting chickens before they hatch.

GLA