Member Info for TRSA

No trades for 2 hours?

seems to have had a dead stop

By my understanding.

22 trades so far.

Only 1x of which is a sell at £1000.

We should be £100k worth of buys!

Gla - Tom

What does this article mean????

Does a RNS have to be released with partnership details?

Does a RNS have to be released with additional volumes.

Spill some excitement on me please fellow investors.

Happy weekend!

Account less than a month old slating a company and it's investors.

How suspicious

😂😂

Talking down a company you are invested in. (Apperently)

Yeah maaaaaan.

Im the one lacking intelligence.

Just want to say thanks for the information provided by the true holders of PRD.

I sometimes dont have time to analyse the RNS material as much as I can, and I also dont believe the SP position is a reflection of what we are being told also.

I hold here only 160k shares.

I wish I was in a position to buy more as I am confident in the imminent success of this company.

Good luck all.

Hopefully our wait is almost over.

Question everything.

I agree.

I am questioning your motive/intention.

I have my answer.

Clown

Im confused.

I constantly see the phrase that we are fully funded for future operations.

Why do we still have placing?

If only PRD had as much gas as this board... we would all be rich already. :)

At some point, recycled negativity becomes noise, not insight.

When negativity is repeated daily by the same few usernames. Some suspiciously similar... Hmmmmm. It stops being analysis and starts looking like manipulation. If the company is as weak as claimed, surely the market will reflect that without the need for a 24/7 campaign.

Just a reminder, this board exists to discuss PRD, not to recycle the same negative narratives under different usernames. If the goal here is honest debate, let's see balanced, reasoned analysis.

I repeat me previous statement.

If this is constantly downplayed by the same individuals. Then that gives me joy that good things are about to happen. :)

Happy hump day all.

Tom x

I have said before that I welcome both positive and negative posts about PRD on this BB.

But it must comply with evidence.

KeithOz does this brilliantly... constantly referencing articles and previous RNS's.

Derampers will often spout assumtions and missed deadlines... without looking at why deadlines have been missed.

They ASSUME that PG must be taking us all for fools.

They ASSUME the the interested parties worth billions do not see that PRD is full of s**t.

They ASSUME so much.

If there is anything that states we have not been successful then please reference this.

Otherwise state its an assumption, or better yet. Go invest elsewhere.

Your very presence gives me confidence to back the positive news I see PRD issuing.

Few slips along the way... but the prize remains the same, if not bigger!

The knowledge we have now is greater than before.

The multi billion cap businesses interested is always a good sign.

Please continue to downplay this Jimmy.

Please continue to give me the confidence I do not need..... but enjoy :)

Tom x

Love seeing new de rampers.

Especially now we have investor meetings confirmed.

What on earth could they be coming out in full force for.... I do wonder!

You have 3 weeks guys to try and convince LTH to sell up.

You have 3 weeks to conjure up all the negative excuses you can think of.

EXCITING!! :)

Gla... This last quarter should be good for us! Either financially or knowledge based.

Tom x

If only share price rose with ego, PRD would be in the FTSE 100 by now.

Can we please get back to facts? Not fiction, not feelings... FACTS.

It doesn’t matter whether you’re bullish, bearish, or just bored.

This board should be a place for information, not imitation punditry or playground scraps. If someone has something negative (BUT FACTUAL), let’s hear it. If someone has something positive (BUT GROUNDED), great. But talking the share up or down without evidence helps nobody... and insults help even less.

If you know something, show your source.

If you think something, say it clearly as opinion.

If you just want to argue... maybe go play Twitter instead.

Let’s raise the quality, not just the volume.

I for one am looking forward to seeing PRD continue their work.

I BELIEVE they will be successful, and in many ways, already are!

I KNOW there are people who think the same as me and invest well to back this belief. (KiethOZ, GRH, BRV, Jasper, F&M etc!)

There is nothing wrong in pointing out the good in the direction PRD is aiming for.

There is also nothing wrong in saying where they are failing to deliver.

But please.... be respectful, be sensible, and if you can't be good.... be honest!

GLA.

and happy Friday!

🛢️ What They Officially Said

In today’s RNS, PRD stated:

“The rigless well testing programme will start with the shallow gas zone in the MOU-3 well... associated with the ‘A’ Sand...”

“The testing programme is designed to be flexible and may include additional perforations subject to operational considerations.”

That last part — “flexible... additional perforations” — is a key hint.

🔍 Why People Think There’s More Happening

1. Technical Rationale

The MOU-3 well encountered multiple stacked reservoir intervals — not just the shallow "A" Sand, but also deeper zones like the Moulouya Fan and others.

It would be cost-inefficient to run a rigless test just for the shallow sands when the deeper zones could hold much larger volumes (including potential condensate or higher-pressure gas).

2. Wording in the RNS

Phrases like “additional perforations,” “subject to operational considerations,” and “data acquisition” are often used when companies want to keep things vague — usually for regulatory or commercial reasons.

The market reads this as: “We're not telling you everything, but there’s more to come.”

3. Historical Context

In PRD’s past updates and presentations (especially early 2024), they heavily emphasized the entire MOU-Fan system, with multiple gas-bearing intervals suspected.

Colin Bird (Chairman) has also suggested in past interviews they wouldn’t “waste a test” unless it had broader implications — which makes it unlikely they'd only test one shallow zone and pack up.

🧠 My View

⚖️ Likely Scenario:

They’re starting with the shallow A-Sand as a proof of concept (possibly easier pressure regime, lower cost to test, lower risk), but already preparing to:

Perforate and test deeper zones, likely the Moulouya Fan or lower MOU Fan.

Use success in the A-Sand to justify further activity — and drive better commercial terms or farm-out interest.

🧨 Bullish Possibility:

If testing all zones shows good pressure and flow, you could get a “layer cake” gas system that justifies a field development, not just a discovery. That would be a significant value step-change.

🧃 Even More Bullish (Speculative):

If there's liquid content (condensate) in deeper sands, it adds higher-value product and more compelling economics.

🧭 Conclusion: You're Probably Right

You’re not imagining things — they likely are testing or prepping to test more than just the A-Sand.

Their wording is calculated — it’s deliberately ambiguous to keep expectations managed until they get firm data.

The positive read-through is: they’re taking the well seriously and want optionality based on real-time downhole performance.

If you're an investor or follower, this is the type of setup that could lead to an RNS surprise or re-rating if multi-zone flow is confirmed.

Obadhia,

If I'm honest... I can see it being more.

PRD has hit 17p and 18p on two different occasions.

I see by Friday us going past 10p and then anything happens after that as news can drop anytime.

But I fully expect 100% increase this week.

Our time is now!

Love it

By Monday then we should be on the 2-4 days of actually flow testing.

Scopes on those flares boys.

Next week will be very interesting.

Gla

Fridays always seem to be a good day when excitement is high!

Looking forward to seeing where we sit by 16:30.

GLA.

Good things come to those who wait.

Tom

Hi all.

Everyone as excited as I am?

147,712 shares as this is all 212 allows.

But from what I'm seeing this is more than enough to get me on the property ladder!

My question is: when do we think results will come in by?

I'm sure I've seen 2/3 weeks floating about.

Additionally, can PRD withhold the results if Morocco desire?

cheers!

Tom

Make what you will.

I see no reason to doubt that steps (in the right direction) are taking us forward.

For the impatient, I understand your frustration, But for long term holders this is brilliant.

Setting us up for the best outcome.

I for one am happy to wait for the stars to align.

After this mornings RNS i have no reason to doubt and believe the next 12 months will be very interesting with news drip fed rising the share price to where we all know it should be.

GLA and remember... "If nothing else.... just wait"

Thanks, Tom

1. Trinidad Acquisition: Progress, But Delayed

PRD is acquiring Challenger Energy Group's Trinidad operations.

Completion has been delayed again, now pending regulatory approval, with a new longstop date of 30 August 2025.

Despite delays (due to political changes in Trinidad), both parties are already collaborating on the ground, suggesting momentum is building toward completion.

✅ Good Sign: Deal is still alive and progressing; groundwork collaboration is encouraging.

⚠️ Watch Out: Repeated delays always carry execution risk — until it's approved and closed, it’s not a done deal.

2. Strategic Shift and Capital Discipline

Management is reassessing the portfolio in light of market volatility.

They're prioritizing:

Preserving cash

Staying debt-free

Focusing on low-cost, revenue-generating assets (like Trinidad production)

Keeping "blue sky" upside (Morocco gas/helium) but via third-party funding/farmouts

✅ Good Sign: Prudent financial strategy; focusing on self-sustainability.

⚠️ Watch Out: "Third-party funded" hopes (farm-outs, partnerships) are not guaranteed.

3. Snowcap-3 Drilling in Trinidad (Q1 2026)

High-impact well near proven production at BP's former Moruga West field.

Tied-in quickly with low capex; financing via asset sale or local partner considered.

✅ Good Sign: Clear operational planning for a potentially cash-generative well.

⚠️ Watch Out: No rig contract signed yet — execution still pending.

4. Morocco Update Coming

MOU-3 testing update this month. Fully funded.

Potential first gas sales by end of 2026, subject to success and approvals.

MOU-5 may have deeper Triassic and helium potential, with farm-out process starting in Q3 2025.

✅ Good Sign: Near-term test results will clarify asset value. Helium adds speculative upside.

⚠️ Watch Out: No guarantees of farm-out success or test results being positive.

🧠 Overall Thoughts: Is This a Good Sign?

Yes — but cautiously so.

The strategic discipline is reassuring, especially in a challenging market.

PRD is building optionality: Near-term cash-flow from Trinidad and blue-sky upside in Morocco.

Delays in deal closing are annoying but understandable given the political environment.

A lot hinges on MOU-3 test results and successful farmouts (which are external events).

📊 Investor Sentiment

This update is likely to:

Reassure long-term investors about strategic direction.

Offer near-term catalysts (MOU-3 test results, Trinidad deal finalization).

However, won’t light a fire under the share price unless concrete progress (e.g. completed deal, strong MOU-3 results) follows soon.

✅ In Summary

Metric Verdict

Deal progress ✅ Positive, but delayed

Financial prudence ✅ Strong

Operational planning ✅ Solid (Trinidad, Morocco)

Execution risk ⚠️ Present (approvals, funding, drill timing)

Speculative upside ✅ Present (helium, MOU-5)

Market confidence driver 🚧

Don't know what to say.

My families savings are invested here.

I believed in the news over the last few years.

I believed in the dream.

I feel like I've been lied too... lead down the garden path.

Share price goes down on what should be good news.

Ex directors airing dirty washing on social media.

Sound like PRD have not been telling the full story.... which is fine should.it be for legal reasons in Morocco. NOT....if it was because of inaccurate information.

I remain a holder of my 120,800 shares. (Not alot)

But was hoping to get a deposit out of this.

Instead.... just that sinking feeling.

Good luck everyone.

I share your pain.