Member Info for Spiritefan

At this price MATD remains a "buy" imo. Until the precise details of production start date, flow rates and importantly, the sales deal with Petro China are published, predictions of 8-10p remain speculative. I believe there will be upside but it's crucial that the company negotiates a deal that ensures a significant upside to current sp.

Don't worry Biggi, selling at the wrong time is the story of my life! With regards to Myles, at least he makes a clear commitment. He has been wrong on numerous times in the past ( I invested in Bushveld Minerals on his comments ☹️), so I don't begrudge him when a prediction comes true.

It was actually the Chairman, not the CEO, but principle remains the same. The CEO also has a large stake and the fact that Board members are investing is a positive sign.

Sorry JB, I'm not of that ilk. I merely commentated on what are unusual happenings. I've been around this share a long time, lost a fair bit but recently banked some profits and now sitting on rest of shareholding and liking what I see. I accept a lot of us have been burned in the past but happy to back my judgment in Uruguay.

I see there's another couple of 2m+ buys gone through this morning and price has edged up last couple of days. News next week perhaps? Always nice to hope!

Hi Keith, CEG was full of confidence when they took over the I-T&G fields, as were the previous owners. Is CO2EOR going to be sufficient to turn things round. I'm also invested in CEG and without doubt Uruguay is now the main focus but does PRD need another plate to spin at present?

Unfortunately I've just been advised that only UK residents can apply , ruling out PM's loyal IoM shareholders. Had to buy in market at 2.242p instead.

I've applied to double my holding. My avg price will reduce to 3.3p. I'm happy to accept the offer

As yet, no RNS has announced the start of oil drilling and by definition, the accrual of income. To date there have been promising noises, but also ongoing delays. When we receive the definitive news that oil production has commenced the rerate will occur, but until then it is not surprising that upward movement is subdued.

It's only 2,058,000 adrift!!

Bella, if the house project that you are working on and is increasing in value can suddenly be revalued by a third party and sold, without your knowledge, to anyone who has the money and an eye for a bargain, then you'd be left out of pocket. This is what is happening. It's called AIM.

I'm not sure who is masterminding our financial strategy, but the balance between having the funds to progress the scientific research and then to licensing , or some alternate non-dilutive fund raising mechanism, must be looking increasingly precarious when the issued share capital could be acquired for circa £160 million, small change to an interested pharmaceutical company. Does AS have a defence strategy? I'd be reassured to know what it is.

And as if to underline PG's comments, the impact of this very positive update is......absolutely zero!

FC , I believe it was the much maligned Simon Potter who first spotted the Uruguayan opportunity and put CEG in pole position. He was a protege of Alan Burns and imo was a much better geologist than he was CEO. I met Eytan on holiday in Botswana prior to the ill-fated Perserverence drill and it was clear that he is an excellent negotiator and financial expert. However, he gave no indication that he has the expertise to uncover the type of opportunities such as Uruguay would appear to be. Fortunately, we now appear to have the right people in the right places.

Michael F - you and me both! Though having listened to recent interviews and reviewed the terms of the Chevron deal I haven't lost all hope that my new and modest investment may yet recoup a significant chunk of my losses!

Latest was 72km southwest of Ikhtamir soum of Arkhangai province. The 4th in Arkhangai province this month. Is this anywhere near our drilling area?

Gibbo, I'm in the same place as you. Fair play to Eytan and his colleagues, this time they have delivered on their promises. Hopefully, in due course I will recover an element of my losses!

IK, I met Alan Burns several times on the Isle of Man, he could never retire and was involved in numerous projects. It was through him that I became aware of BPC. Had he lived longer the Perserverance project might have been more successful (or less disastrous) , who knows? I ended up losing a significant amount but I do not disagree with your summary of the factors involved. My only criticism, and it's a big one, was that investors were not kept informed as to the plight of the Company and the increasingly desperate measures taken by Eytan and others to secure finance, while always trying to reassure investors that a farm-in was going to happen. I have re-invested as I believe there is a potential now to recoup a portion of my losses given the different circumstances. However, Eytan's reassurances regarding a farm in partner should be taken with a pinch of salt.

OW , you mirror my thoughts. Regrettably, we will both have to live with the labels attached by the more optimistic posters.

Willec , your views remind me so much of StarChild, with the exception that he was always polite and articulate.