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We lose are beloved Nigel...
He's an honourable man I'm sure he will stand by his word?
Reminder, posted 02/06.
It makes no sense to run MOU-3 all the way to TD, tool loss or slime encounter before giving careful consideration for the full funding, including contingency of MOU-4.
Therefore and purely due to a long term interest in speculation I call a placing imminently and by that I mean within a fortnight.
If it does not occur I pledge two months of no postings (unless gross impoliteness occurs).
But Nige within your (not impressive) placing calls you never EVER actually said you'd sold down, strange that.
Saying something and doing something are very different things.
Unemployable at 56 that's very sad.
please PLEASE "give up" and foxtrot oscar
Nige, you are talking rubbish AGAIN viewing and trading on publicly available information is NOT illegal and you can't do one of your infamous citizens arrests on them AND please stop bleating on about his 3rd attempt in Morroco it's irrelevant the list of major Discovery's after previous failures is endless Saudi Arabia being the obvious one. So give it a rest.
JH rather than question PG wouldn't you question the "raft of sellers" who are selling after being told there's will be $200M cash (MINIMUM) Incoming in the next few months , PLUS a 10% royalty in a company currently worth $40m?
Hi Jimmy, My take on it is PG is saying there would need to be (lots) more wells drilled to prove up the big numbers with associated cost (and dilution) and the bigger the "prize" the lower the per BCF price we'd get as it would only be the state that could afford to buy it. So in the the short term he saying find a 'zone' that proves up 40BCF and he specifically says "say 40 BCF" (@~20mins) so it's an example, this could realise ~$200M, if that zone came in higher or lower obviously $200M goes up or down.
What is not happening is that all the licence is being given up for $200M, it's find and prove up a zone that can be ring fenced and gift wrapped for $200M if it comes in at 40BCF (could be higher could be lower) but as a previous poster has said looks like a figure around $200M has been discussed with the local buyers.
Very exciting times ahead $200M incoming and that will fund the trifecta and with a little bit back as an SD in the coming months is my expectations.
Just for clarity to our new posters Nige has NOT called fundings correctly 4 times what he has done is continually bleat on about funding then claims success when one happens.
I find it baffling that he thinks he's smart by calling "a funding" in a very early stage E&P companies by their very definition they will always have to source funds and when you have an active a drilling program like PRD there will obviously be cash calls.
But it just seems it is very easy for Nige to impress himself.
Hi Charlotte can you explain to me how you can have "A duster that is yet to be tested"
PS you're obviously coming around to PRD as you normally bleat "into the 5's" now 6's so moving in the right direction even by your strange logic.