Member Info for scrwal

Have finally done it. You do not ask for a code to be sent to you but you must first install the App on your smart phone then sync with the laptop using the QR code. I have forgotten the exact steps as it took me a few attempts to synch things etc- something with settings on the app and choosing devices . Things are controlled by the phone app and the code is automatically generated and accepted. To join the PRD group on your laptop type in this into the address bar (provided by NickNorth) t dot me forward slash plus sign ApS7Dv1nM802Njg0

This is the link for Jaspers research note for those like me can't access Telegram - https://maroon-ula-68.tiiny.site/

Jasper posts all his research on his X account @Jasper13_01

My phone is a brand new Samsung A17 5g purchased less than 2 weeks ago with a new EE sim.

Unfortunately I cannot access Telegram because neither of my phones can receive the code to set things up on my laptop so I have to miss all the discussion that is going on.

PG hasn't stated that PRD are going to drill MOU 6. We only know that the company is funding £520,000 of long lead well inventory as this is prudent to support the ongoing partner negotiations and allowing third party technical and due diligence to be completed.

I'm staying here because Telegram won't work on my laptop as I can't receive the setup code on my mobile.

I have always used the filter and do get frustrated when people needlessly respond to posts that I don't see.

Anyway the future does look bright and hopefully there is a lucrative take over rather than a piecemeal divestment. Surely PG must be wanting to be out at his age.

The pXRF figures for HMO-015 reported in the 21 April rns were 47.7% Zn 2.6% PB and 134g/t Ag at approx 350m depth below surface.

The highlights reported today are considerably lower.

It wouldn't surprise me if the SC3 payback occurs during the first couple of months because of the higher initial rates that should occur.

I wonder if the shares issued were purchased by third parties involved in any negotiations as this would provide PRD with funding to progress matters without revealing the identities of the third parties subject to a TR1 being issued whenever.

I don't think the raise is a negotiating tool for PG but a mechanism to fund works in the immediate short term that relate to divestment matters including Trinidad and potentially Ireland as well.

The MOU 6 additional funding is to ensure the progress for that well is kept on track. If there is a divestment the purchaser could not make any payments re MOU 6 without that fact having to be disclosed and letting the cat out the bag. PG has simply agreed to provide upfront money to keep the lights on so that everything is still within the expected time frame whilst any deal is being finalised - it's helping out the buyer which is advantageous to PRD.

Has PG officially endorsed anything? It is a thesis put forward based on known public domain info and in a way it was a cannot confirm or deny position for PG.

Why would PG agree with the document - well he can wave it under peoples noses and state that this is what the shareholders are expecting so if your offers don't match or exceed those expectations then any offer will be rejected, put your money where your mouth is.

The background level of helium in Earths atmosphere is around 5ppm.

The 1557 ppm or 0.1557% is considered to indicate a potential commercial concentration - Algeria/Qatar operate at 0.1% or below.

The Helium is very early stage which needs 3D seismic data to define any reservoir size.

It is legal to have no win no fee commercial cases in Ireland. However they cannot be advertised but only discussed at an initial meeting where funding can be agreed on. A simple search will provide the evidence with links to solicitors explaining the situation (such info is not regarded as advertising)

This is not the case in NI.

You don't usually have caps in place on % takes. If you did NABI would have given PRD the middle finger. Currently NABI are accelerating the pay back on their drilling which means PRD will get 30% in a much shorter time frame which is excellent news.

Ksmyth

You posted that you invested because of the helium so what did you make of PGs comments about his and the company lack of knowledge regarding helium.

Rulikha will at some point be covered by a JV but when exactly? My points are valid as to get Rulikha to the same point where Xinhai stepped in EST will need funding.

The same applies to Snowy where we don't know when Endeavour will step in so it is likely EST have to do some proving up and drilling which it has to pay for initially and only then if the project is one that Endeavour wants to be involved with then those costs will be recovered by EST .

It is unlikely that a third party would step in now for either project but you never know but until it does EST will need to find some funding.

PG said that PRD wasn't funding MOU 6 so there isn't any financing involved.

Cash at 31 Dec 2025 was £636,000.

Current RC progamme is 1.600m so that's A$192.000

Half year admin costs £250.000

So not exactly on fumes yet - but a raise will be needed later in the year but hopefully at a higher share price.

Yes Verkhuba is de-risked and hopefully producing late 2027 or early 2028.

However it is still early doors with Rulikha and Snowy and the company doesn't currently have the funds to develop either to the stage where Verkhuba was before the jv so it is almost certain that additional funding for those projects will be needed before EST receives any cash flow from Verkhuba.

I am ignoring the Endeavour jv as I consider that any milestone payments from that would be needed to finance ESTs share of mine construction costs relating to the resource found which has generated said payments.

Small exploration and early stage miners are always a risk but have a read about the Lassonde Curve.

I personally ignore posters who cherry pick info for their own agendas as Marc has eg the cash balance he quotes ignores the short term deposit account plus the admin burn isn't the £66k pm as the accounts clearly show a chunk of them are recharged so the net effect is £42k pm.