Member Info for Rambo23

PEEL still bidding for over 1m at 3.39 here. A total of 1.9m being bid between 3.39 and 3.41.

Right now PEEL are bidding for 1.1m at 3.3 they are also offered at 3.55 for 500k. This is why there is a wide spread and why the bid was dropped....follow the money! Another 1m bid between 3.248 and 3.3911.

Just FYI

Madman-Rob great post thank you.

Have you considered PG is doing a full exit on Morocco now? He spent very little time talking about development, seismic, wells beyond mou6 etc only a few refs to helium later on. The Iran war has only aided the need for low risk, large plays inside benign regions, this also has a pipeline!

He also spoke about possibly buying 'discovery' producers in west Africa. For that you need decent cash and again he is an exploration specialist and here he is talking about 'producers' and crystallising assets ie Morocco and then T&T. Clearly there is more value to add on T&T in the coming months before he sells that which means Morocco is on the block first imo.

My view is announce a sale of Morocco, completes before MOU6 spud, Agree T&T acquisition with those funds, buy African assets and return funds to shareholders. Then flog T&T Q3/4 when there is more storage from acquisition and assets matured.

The macro picture pricing right now is the ideal time. How convenient to upsize your deal by 20%

Tincan, good post. PG banged on about this being a huge opportunity with low costs of production for sometime now. A pipeline down the road, shallow gas with more to come means it will be very attractive for investors. Offshore is so expensive and this is sat for the taking if they can get mou3 to flow. I think it will and positioned accordingly.

Why bother giving the trolls an audience. Ignore and filter. Content is going downhill here.

Tincan and interestingly they made zero mention of MOU6 which in the previous RNS they said could be on the MOU3 pad..not required?

Took another 300k today whilst the market was asleep.

For perspective look up option prices and consider the opportunity here......

PS ignore the noise. The significance of drilling over balanced vs under balanced is lost on many. The easiest option to enable a well to flow hasn't even been used yet....do you understand this??

Excellent detail as always Keith thank you.

@ Treasures.....I think there is more to this 950m depth.

Firstly the lower MA and TGB sands are potentially under high pressure this assumes the gas is present and pressure increases with depth.

Secondly the lower sands were not wireline logged previously

Thirdly I think the MOU6 plan is to safely secure flowing gas without taking too much risk. As they intend to drill this as close to under balanced as possible if there was very high pressure you could lose the well. At this 950 depth this is something they feel comfortable with but below that might be riskier.

Drilling deeper to the MA and TGB sands expecting higher pressures it would be prudent to use a blow out preventer. I think this would therefore be a separate drill but MOU6 is lower risk and necessary to flow asap to progress the wider project.

Empirestate filtered......Who actually bothers to post so much negativity if they are shareholders = trolls = ignore.

Thanks Jasper. It states imminent MOU6 drilling but surely PG stated it is much later in the year and they need time to let the MOU3 pressure build up first so I'm not sure I agree with that statement but other info very helpful.

Hi Keith, just coming back on your post from yesterday with the key bullets which was great with a couple of questions....

1. Why do you think PG tested with only 3.4m of perf guns? (ignoring the SLB limitation). It seems poorly organised if that is the case, so was this just to achieve proof of concept ie they do/don't work at MOU3 and penetrating 2 layers of casing or is it simply inadequate to not perf the full horizon given the cost of the well etc. 3.4m out of 11 isn't great and limits any flow potential.

2. I appreciate this is an open ended question but what is a reasonable timeline to assess pressure build up at Mou3? This is likely to determine if Mou6 is drilled on the same pad or will they do that anyway?

3. Agreed on your last point re 2 producers required for the sales agreement. With point 2 above in mind would drilling mou6 from the same pad surfice for an agreement or would it need to be moved? On the one hand they could have two wells on the same pad targeting the A and MA sands separately and on the other if MOU3 cleans up and flows would this require MOU6 being relocated? There are a few dependencies here ie if MOU3 doesn't clean up what is their plan to achieve two producers for the agreement to be signed? MOU6 at MOU3 site plus another if so where?

4. What is the status of MOU2 and MOU4 testing that was detailed in a recent RNS? Concerns here are the well designs and mud used likely to be similar to MOU3 so Mou6 with a new well design and the correct mud etc might be the best way forward. BUT what if they do test MOU2 and 4 soon and they flow...= sales agreement. Dependency here is perf guns of course.

5. What are your views on drilling the jurassic again at the optimal location without doing 3D seismic ie much faster. This is surely an option but we have no clarity on that either.

As ever it is not clear what the sequence of events actual are here, how long it will take and how it will be funded but the opportunity is still there.

Thanks

Definitely background buyers here. Free 50p+ profit upside just to reach the US Listing valuation for one part of their business..... No brainer buying here.

So much news flow could land here on so many fronts, Grants, more Hypromag sites, Canada, Japan, Korea, etc etc, Hypromag US listing intent, off takes, Funding....etc etc

Excellent BCA news today. $400m valuation!! 400/1.36=294.118 £300m / 328m shares in issue = 91p!

Massive upside here and that is just one part of the business. Well done the team and Cohen.

Don't forget UK plant manufacturing due to come online any day. Offtake news etc etc possible. Excellent

Esduk I noticed that and the 100k was done above the VWAP at the time so I think it is a buy. Funny a trade of only that size moved the MM's. News and volume and this moves up quickly imo. Large sales seem to have stopped/ reduced which is positive.

As an example (approx numbers)

If the validation is

£100m = 30p

£150m= 46p

£200m= 61p

£250m = 76p

£300m = 91p

Near term production ready REE resource and processing facilities are worth what.....? US peers with less developed assets are 20X MKA right now and that excludes Hypromag. Bonkers price currently. It is arguably pricing in none of this.

Very excited about the BCA revealing the SPAC valuation which is likely to be multiple X's on the current market cap.

Also with UK production news to land before next Monday to ensure the management get their bonus there is a lot of motivation for them to deliver on the timelines they have stated. Market is asleep on this one. Multiple inflection points due any day.

The calm before the storm. Locked and loaded here.

Don't forget the US holiday yesterday so this week wasn't a great week for major news. Hopefully we see the BCA and UK production next week. Both game changing events for the company.

@Keith/ Billy - Thanks for all your insight.

If they plan to drill deeper and look for oil would this explain the increase in headcount on site? ie more kit for different outcomes and therefore more specialists required?

Thanks

The fact that this is onshore and 3km from a pipeline with capacity is a massive positive. All this in a success case reduces Capex/ Opex for the buyer meaning they can bid more £.