Member Info for Shakeyerbooty

Thanks for that Keith.Any idea what p/e commercial gas discoveries tend to get? It really does show the huge potential here and then there's the mighty Jurassic in the summer.

Testing for Phase 1 expected to take 14 days Roxi and sandjet is being used on Phase 2,not Phase 1.Just to clarify.

As confirmed on P41 of the report that the figures today are only for Phase 1 testing of MOU1 Ma sands,TGB-2 sands and MOU-3 Ma sands.

The real biggie is Phase 2 testing with sandjet due to commence in 5-6 weeks.PRD will be testing the TGB-6 sands in MOU-1,MOU-3 and MOU-4.They will be testing TGB-4 sands and shallow sands in MOU-3.In MOU-4 they will be testing the Porous Volcanic Interval plus the Jurassic Dolomitised Limestone interval.

If successful I believe we will be entering the TCF territory.Infrastructure nearby,favourable tax regime,politically stable country,onshore gas,Europe heavily dependent on future supplies away from Russia,MOU already signed with Afriquia.

In a few months this will be a completely different beast IMO.

Art123-It's because people's expectations are based on Phase 1,Phase 2,Jurassic etc whereas you are just focusing on Phase 1.

Art123- For Phase 2 rigless testing using sandjet,no resources have been assigned (YET).Company being very prudent.

Looks like Ireland could be a very nice surprise in Q1.

These risks are enhanced in the case of several zones shown in Table 1 identified in MOU-1, MOU-3 and MOU-4 for rigless testing using Sandjet. Prudently therefore the Company does not assign any potential resources to these intervals at this time. Any gas resources confirmed within any of these intervals would be available for CNG development upscaling for very low additional development costs.

The equipment delays have been explained and the admin error was not of PRD's making.

Findme-Not every financial guru has shook the King of Saudi Arabia's hand or founded,floated and closed an Investment Bank for $22bn.

No they dont Oily.They do it steadily and over time so the price doesn,t run away from them.

Markie-the poster on the other board is saying mega news is about to drop.Read newuncle's post again.

Just to clarify,the article states that the world will be short of oil.

Behave yourself Rob and read the last RNS.Fully funded for all firm commitments this year.

Wobf-May I suggest that you read PrivateTesla's posts dated 30/11/23 for clarification.I believe you will be re-assured.

Taken from KeithOZ post 1/12/23.

Licence Renewal

* There is either genuine misunderstanding or deliberate misinformation regarding licences – look at the posters involved to decide which. PRD has met all the obligations of the current licence – both financial & drilling. See pp.33 & 98 of the latest Prospectus - I see PT has very helpfully covered this in detail. The next regulatory steps would normally be to proceed to the First Extension Period, then an Exploitation Concession, for which an additional bond becomes payable. ONHYM have been very helpful in extending the Exploration Permit to give PRD more time to be ready for production – which would be the normal point at which an Exploitation Licence becomes necessary. In short - 5th February is NOT a deadline by which flow testing must be finished & reported or else PRD loses the Guercif licences.

Or on any earlier date designated by the company.

Good post Keith.I'm happy that the MOU with Afriquia has already been signed before testing (as PG stated 'for commercial reasons').We know the Prime Minister of Morocco is behind Afriquia.Ducks in order.PG is playing an absolute blinder here.

It's not a CPR.It's an ITR (Independent Technical Report).

Let's not forget how excited management were after MOU-3 drilling and we'll get the results from conventional and sandjet testing end March/early April.Coupled with CM and successful Jurassic on Guercif,this should light the fireworks under this price.Silverfoil-Assuming the likes of GRH,Cube,Seabright etc are correct,I do think we'll see those prices a lot earlier than you think.

Phase 1 testing should be completed by mid-Feb at the latest and then straight onto Phase 2 with sandjet.By the end of March things should look very different here.Fully funded for all firm commitments throughout 2024.Very pleased with this update.

Agree.Would be absolutely fantastic.