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When PG talked about PE at the presentation, sefton, he was ABSOLUTELY not talking about delisting PRD or am i mis understanding your point?
PS why do you ALWAYS capitalise VALUE?
Im not interested In VALUE I’m interested in SP
Well Noddy to answer your questions
So what actual news was there? LOADS
What's the latest on Morocco? ON TRACK
What's the latest on Trinidad? ON TRACK
What's the latest on Ireland? ON TRACK
What's the plan for each of the above in timescales? THIS YEAR
How soon before the company runs out of money and needs to dilute shareholders again? NEXTB YEAR
Night night !!!
Must admit to "a wobble" based on reading the "raw" presentation this morning, but having come from the event I'm back on firm ground, key take-aways
MOU-5 on track as per previous guidance
#4 NOT awarded expected mid-April "no problems envisaged" PG in Morrocco from Mid-April as well,
Testing results (SJ) realistically May (my opinion)
Logistics into Morocco and general equipment availability a nightmare (cause of past delays and probable future).
“LSE valuation of PRD horrendous" Challenger (another company presenting tonight) in same boat after their “block buster" farmout.
Literally from today’s poorly (by LSE) received presentation -10% SP, PG will be looking at a Private Equity approach to unlock value.
Note to self-wait for testing results SJ and/or MOU-5 before making any investment decision, don’t listen to some of the drivel written by Noddy’s on here.
Even if delayed, fully believe PG believes they'll achieve decent follow rates and volume.
EuroChamps6, I don't see it as awarded yet, but looks like they were expecting it in the first week of March, this presso however is dated "as of the 1st of March" relavent row on schedule goes into March, no idea why that row has so many boxes though?
Hi GRH, just to clarify are you saying one of the threats came from Anti Venom?
Shocking as it is and hopefully something can be done about it I don't want to apportion blame in the wrong place to something so serious,
Gudin, they did not think the guns would definetly work, from the RNS "It was recognised that the perforating guns were likely to be under-sized"
P1 established "well damage" of at least 12" so under 3rd party advice set SJ (P2) to 25-28" which will penetrate beyond the well damage🤞 but not sure how they know that will be enough?
So looks like P1 was "lets try blasting it but not to much", (try the minimum) If you know you've got damage already you probably don't want to "blow it up" even more , P1 hurts but is not fatal
knowwhere near last chance saloon, still all to play for with P2. 🙏
Is M5 there as an obvious next well or a make weight if P2 fails?