Member Info for SilverFoxd

Watchman, all posts and views are welcome but many of your posts are just endless waffle. Would love to read any insight you have gleaned from real time data analysis, can you provide a more concise message that doesn’t require a DC Comics decoder to translate.

Why have an agreement to drill ONLY two holes over five years ?

RP stated in the interview on 4th April that Stampede have an agreement to drill two holes and then they will review options, meaning if they find oil they will negotiate a further contract.

Translation is, they don’t have a contract for five years, RP said it himself. If this isn’t true, what else isn’t true. The fact is, the RNS didn’t state a date because I suspect the date is contingent to GLND finding some money.

Oh Punter you do make me chuckle. In case you missed it, please have a read and just tell me what you think. What you like me to publish exactly what RP said or would you like to research it yourself?

why have an agreement to drill ONLY two holes over five years ?

RP stated in the interview on 4th April that Stampede have an agreement to drill two holes and then they will review options, meaning if they find oil they will negotiate a further contract.

Translation is, they don’t have a contract for five years, RP said it himself. If this isn’t true, what else isn’t true. The fact is, the RNS didn’t state a date because I suspect the date is contingent to GLND finding some money.

Punter - so your your unable to respond to any of the points raised, much like all your posts. You would think that after 4000+ posts you would have some view, some insight into the share your ramping. I guess they didn't put you on the team for your intellectual prowess.

Cybertron - why have an agreement to drill ONLY two holes over five years ?

RP stated in the interview on 4th April that Stampede have an agreement to drill two holes and then they will review options, meaning if they find oil they will negotiate a further contract.

Translation is, they don’t have a contract for five years, RP said it himself. If this isn’t true, what else isn’t true. The fact is, the RNS didn’t state a date because I suspect the date is contingent to GLND finding some money.

Here is a reminder of RNS Number : 3274G, published on 28Apr25.

It’s important to remember that this commitment was made by March GL, it’s not contingent on raising funds via PELI though I’m beginning to suspect the $86m was to fund this and MarchGl didn’t have an alternative plan.

“March GL will fund 100% of all costs and expenses related to the drilling of the first of two exploration wells at the Jameson Project, with operations to commence no later than summer 2026.”

Operations is open to interpretation, I wonder if HoT is more explicit. Is there a danger the contract is nullified if GLND fail to meet certain milestones? RNS from 80M would be good.

“Mobilisation of a drill rig capable of reaching depths of 3,500 metres to the Jameson Concession. MGL expects to finalise negotiations with a Canadian drilling company in the coming weeks”

Only one year late on this and no formal confirmation on date rig will be deployed.

We need formal notification from GLND that everything is on track to drill this year. There is no more contingency. A RNS stating this would calm both GlND and 80m IMO

PJ - are you here all week ? I have to assume we will break thru support level.

Leaky ship the HMS Bluejay

Are we expecting an RNS?

Those Pesky MM’s again, manipulating the order driven market by selling at a loss.

PJ sprouted same nonsense last week for five days straight while he offloaded his client position.

Whatever he is doing, you can guarantee he isn’t helping you.

Why is GLND schedule slipping and will it deliver drilling this year ?

If we drill the SP goes up to around 2p.

As much as I like RP, listening to the interview on 4th, there is a lack of clarity, why leave it so late to ship equipment, is it heavy equipment and the rig at same time or does one leave before the other (as per original plan). Is he right to not be worried about drilling in winter? Surely this additional risk is unnecessary. Why does original plan say 3months for OPw-1 and RP says 30days? Can you really take down drill, move it (OPW-6) considerable distance and re-assemble in middle of winter?

The original Stampede RNS worried me because of lack of information. If Stampede has committed to delivering Rig 12 and transporting to Montreal, why not put it in RNS.

Lots of value here, but not convinced we will drill this year.

A RNS clearly stating the current status and next steps would be welcome at this point in time.

Lots of familiar stuff but more insight into project timeline that was of interest. I don’t think this was particularly clear but this is what I got out of it.

- Rig 12 is getting re-tooled presently, preparing rig

- From 1st August equipment being moved to Montreal, ship is contracted for 30days and will leave Montreal on 12th September, sail to Nuuk, pickup other equipment, before onto beach disembarkation. There are two ships, not clear if they will leave together or separately.

- OPW-1 to be drilled in October

- 30 day drill, results around Oct/nov

- royalties paid to Greenland. Will pay Greenland 3.75% royalties when GLND reach 35% net profit, then up to maximum 15% royalties when GLND reach 55% net profit.

- Development drills will follow successful drill of OPW-1 (100’s of development drills will follow)

- Stampede, drill first two wells then review will take place.

AI can be useful when it is interpreted by a person with knowledge of subject matter. When it is just copied and pasted as this is it becomes worse than useless.

Helium - if you have spare £60m, drill away and fill you boots but if you don’t then it’s just another pipe dream of unproven possibilities.

“We own 100% of a factory in Italy that makes €24 Million a year in profit”

A promise of profits doesn’t equal actuality.

My apologies Broomtree. You didn’t call any bottoms.

Broomtree, the law of averages would suggest if you call ten bottoms a day for four days days straight you would be correct once! Let me know if this definitely is the bottom because I’m locked and loaded…. Just let me know, again.

If you want to track Stampede Drilling Rig 12 - you can follow it here : hTTps://riggertalk.com/drilling_rigs.php

It tells you current status. Drilling, Down and Moving.

According to the plan it will start its journey on 1st May (Mobilize Drilling Rig) and begin its journey from Montreal to Greenland on 20th June 2026. Hopefully we will have RNS telling us its on the move on the 1st May.

See plan : hTTp://edgar.secdatabase.com/1636/182912625008232/pelicanacq_ex99-1.htm

You have to ask the question why for four days straight why the ramping crew have been in overdrive.

PJ posts every hour that the share is going up where it has done nothing but going down. The blame is those Pesky MM (in an order driven by market) who would rather lose their jobs by selling shares at below market price that at the ‘correct price’.

It’s obvious that they are working for clients to offload their positions without spooking the market.

Who is selling and why? I don’t mind picking up at these prices if nothing has changed.

Has anything changed ?

Cybertron - we can agree that this is undervalued and SP will definitely go north pre-drill, If (1) GlnD has the funds (2) GLND keeps on plan and drills this year

As long as 1 and 2 are met we should be good, albeit with slightly differing valuations LOL

Chevron, ExxonMobil, Chevron drilled more than 30 wells in West Greenland. Was that they worth £6b?

Some had working petroleum systems, but not one was commercial.

Why would anyone bid now. Majors will wait for GLND to prove there is oil before they step in. Why a CEO risk overpaying on 5-1 shot? He would prefer to pay going rate at $2 barrel for what was discovered and open up the whole basin.

Tiger

Why would BP or anyone pay £6b for 30% of potential?

Pre-drill this won’t hold above 2p.

The claims get more ludicrous the more desperate you are to shift your positions.

Thanks Ashton, apologies. Please ignore my post, I will review presentation.