Member Info for ToxicBull

"Perforate shallow, higher pressure potential gas reservoir in MOU-3 in Q1/Q2 2025"

CnG project is alive, sdx were getting over $12/mcf.

Thebold

Daily rambling posts, are you a holder?

Why so much interest in prd?

Porter

Mou 5 has more chance of failing than being successful, if it fails then they can move onto the next one drill. Wells are dirt cheap to drill and they will be funded.

Acotty

2p share price is 12m mkt cap. Sure this is what prd should be valued at?

Madman Rob

The mou 5 is not priced in the share price at all.

Porter1

The placing was only £2m that is not a large amount.

Highlandmatt

How much do they have? The mms will happily take large amounts. So the logic doesnt make sense..

Prd drilling a massive well which cost $2.8m just on potential this should be trading higher.

Prd are not a one trick pony. They have other prodpects too. The mou 3 gas can be sold in cng mkt.

June 24 they had £6.5m cash they have raised another £2m. They have plenty of cash.

From my time at sdx the wells are dirt cheap and shallow.

Why isnt the sp reacting just on potential?

What is up?

Mm's patsys are out in force.

I can buy £35k in one go, clearly someone wants out.

Not seen naked shorting for ages in the aim market.

You think its happened here.

John

Where have they come from then?

At 25m, mou 5 has not been priced in at all.

They can get mou 3 into production and get decent prices.

Wells are dirt cheap they have other prospects and they only valued at 25m.

They will drill mou 6 and test the other well. Mou well is not do or die.

Bottom feeders about...

In 2025 ebitda will be $68m, so it might be 1.5x.

I think coming days this will increase. Oversold..

Why are TIG still in takeover period?

Goldman sach reducing short position.

Well it has to, yesterday it fell 50% to get back to 100p it needs to do 100%.

Short term this will goto 75p.

It should never have fallen this much, next few days around 75p.

TIG fell too much yesterday, needs a recovery.