Member Info for Treasures

MEM

Remember this verbal statement from PG.

Re MOU3 shallow sands - we couldn’t stop the high pressure gas flowing into the well. There’s gas and loads of it that tells me. I’m happy to wait! Once MOU3 achieves partial divestment MOU5 comes into play and not b4. Big year this is, a very big year. What’s not to like.

Hi oysterman - great posts

I would just add this - especially if you are a quite new shareholder. Have a listen/watch of the first rate investor meet interview from Jan this year (23rd I think it was ) it’s 2 hours long with another hour or so of q & a. Paul Griffiths in top form and very open and detailed summary.

Billy ray kindly worded summary of this if you prefer a read. All playing out now, MOU5 partial divestment being warmed up - I love that phrase. I’m expecting loads of news b4 Summer holidays. Paul Tingas must be close to completing his work.

As always great updates by KeithOz

Mumbo, nice rise so far today though. Anyway, as soon as this is around 68p I’m selling.

It’s a bank holiday so would be 3 x normal pay rate - so something like about £12 an hour for them lot! I guess their paymaster won’t pay that much!

My recollection is there was helium in mou3 and also mou5 at 1557 - the reason the 21 bcf is significant is no1 cash-flow and number 2 it allows mou3 to be separated from the others if they farm out. That is what PG said a while back but whether his view has changed I don’t know

James

Nice long email but we have a local player gagging to be involved in gas and helium. PRD to perf MOU3 or already are then by July we should know how that went and at that point farm out let Africa have a stake to develop it then they can farm out MOU 5. T&T will be more that a trickle. What I’d be interested to know on experts opinion as to why MOU3 is so highly pressured at such Lowe depth. Is there a possibility that there is a fracture to the lower sands? Any experts opinions appreciated, ta

Crikey, did they find some gold in the mou5 hole!

Hi John

A few weeks back you posted the huge imbalance of Peel Hunts buy/sell ratio. Have you been watching it this week and what is it now please, much appreciated.

I ain’t read that much on here today but suspect most of it will be PG is having a shocker or something like that. However, I would be very surprised if Friday’s event will be a big uptick on whatever the low point is in the sp by tomorrow. If anything, there will be nothing Friday or nothing deemed negative. It’s the position in my opinion that you can smell in many of the posts over past couple of days to that of something much lower than desperation which is exactly what the market wants us to believe. The rebound back huge and if not you will be relieved this will be my final post which won’t be such a loss! All the best

And you know what, with all of the usual giving it a good rub today and gifted the chance to close the shorts. It would not surprise me one bit if it transpires a hacked x account etc etc and of course no one gets wrapped for it. I wasn’t invested when Lonny was knocking up the air miles but I find it hard to digest that a professional would make these sort of statements whether he feels shafted or otherwise.

So we are all here to try make some moolah

A bit like brexit there’s a canyon separating the 2 views and some in the middle I guess. So easy to see how each side can irritate the other! I say well done to those that have made a bit from buying a 1.5p and selling some at a higher level and if someone has made a bit going the other way they deserve some credit as well. For me, I take the view that PRD is an extremely good investment that will at least tread water but with huge promise of something truly huge. The legal completion now allows for t*t wax treatment and PG has achieved very cheaply amazing assets there. Ireland May be assumed as a Wild card but for me will come good this year. MOU 3 to start selling gas in 2026 and should see much news flow throughout next 12 months and MOU 5 hasn’t as yet been unpicked fully but suspect the next few weeks will begin to see that all is not lost. PG won’t farm down MOU5 until MOU3 is unlocked unless last weeks drill results has changed the position and farm the whole lot out.

Don, I like it! Better that my effort!

Megasorear5e that’s is, like after a dinosaur curry

megasore**** - for those selling this short as they will be shattin themselves when the full drill story erupts.

Forgot to add, have our resident bears given birth to some cubs recently!

Also as may have been said but the confirmation of 10 days takes us to 13th maybe 14th March so if this has been seemless the mou3 top deck rns may be closer than some assume, they got the eqt and man jacks on site to expedite which is what PG said would follow Mou5

I agree Matt, first of all well done to PG and the wider team getting this over the line. PG telegraphed all of this prior to drill. Further work paid for by farminee. If only 20m net pay it is over an enormous area although the full analysis I believe will show a lot more. The market it was suggested expected 12% gcos so why the sp reaction like this? There was nothing priced in b4 the drill so fully expect this to swiftly go back up and a lot of synthetic shares need to be colllected back by the markets pullers. Good luck all and suspect sentiment will be much enhanced once they pop mou3 and update on Trinny

Smart move Sandy, I reckon they must be close or already had a look under 1 of the floorboards! Maybe 3 more to go. That’s alarming our bears on here! I’m happy with half a TCF but expecting at least 2 TCF. Ireland farm out this year, Trinidad giving multi hundred barrels quite soon, and a quick spurt from MOU 3will be a gusher, bring her home PG

Tng, that’s not their biggest mistake, the big mistake is pumping the shate that this has 12% gcos. Is it fairy cakes! This will be the titanasaurus error they are making. The 12% is for 6 TCF and from a 2023 report prior to the derisking after mou4. If mou5 is only 1/2 a TCF it will be enormous for the SP. The internal risking is 50% which personally I think is conservative which is why personally for me I am happy to hold and bought more recently.

Euros, totally agree. There appears either panic/ desperation setting in. They are throwing every thing at getting this to 4p or just below to trigger stops etc.