Member Info for Zebra04

Mem of course it is, but when someone does a 180 from bullish/cult following to bearish it doesn't sit well with me.
Especially when nothing has happened. Also this isn't the first 180degree.

I've held since ipo and will continue to hold. All long term holders know any given timeline is an approximate at best. Paul would rather not give any dates because the chance of delays is high in this sector. (He admits this in a video update). However the market expects it and so he reluctantly gave an estimated timeline. Unspringinly the timeline has passed and now folks are throwing thier toys out of thier prams.

This is exactly what I mean. Mem suddenly questioning GRH now which is a huge contrast to his previous posts when he was holding.

So it appears nothing has changed except some holders growing restless because things didn't happened as quickly as they wished. That's life

I've seen many come and go on this board, mem changes his tone depending on his position. Sefton, sell the rest of your holding and good riddance. No point being indecisive.

What's going on here?

Great Post phoebus, the numbers truly are staggering.
I'm highly confident the board will deliver and the special divis will be life changing. I can comfortably leave my investment aside.

General markets wise it's a crazy time. The US markets have only had 3 green weeks year to date. It's good to have an independent play like PRD in your portfolio.

The shareprice will hover around these levels till they're cleared. Consider it a new support level and a buying opportunity before the next leg up. We've been here before.

4% dilution is not bothersome as the proceeds are clearly being effectively used.

@polemic

You mean what's the chance the morrocon goverment shoots itself in the foot and prevents any future private investment into the kingdom for the sake of a few billion?

Well that shows me your level of intellect and understanding of these matters. You're clearly a pessimist with nothing of substance to critique the company and so make it up. Therefore reading your posts is a waste of my time. On to filter list.

The morrocon goverment is more likely to be a gas purchaser to secure thier security of supply. Gas in morroco is pegged to the price of oil and so that increases the value of our reserves.

Latest 2 rns were great and pretty self explanatory. Trinidad development was intersting, with oil prices booming it can't hurt to get some revenues in and strengthen our hand when fram is up for renewal. At current oil prices, the Trinidadian goverment benefits from the supplemental Petroleum tax.

Easily a 10 bagger from here and that's before the special divi. 300mil m cap.

Patience is a virtue.

@grh

Evryone is aware of Ukraines natural resources. They also didn't take on any former Soviet debt following the collapse. That was all transfered to Moscow.

So they have abundant natural resources and little debt yet this isn't reflected in their economy. Its ranked 135 for gdp per captia.
Screams of corruption.

@keithoz
"How many Ukrainian citizens would agree this war is worth it to not to be back under Russian rule?"

Because the chance of Ukraine winning is what?

@footandmouth I agree. It was obvious to everyone he wouldn't.

@grh let's agree to disagree.
"All the time they were pondering how they might appease him...whilst he was building up his own forces to full strength...
He even convinced some idiots that he was merely moving his troops we prelude to all going back home for a slap up breakfast..."

What a load of rubbish. I'm talking about something that's been going on for decades. It appears you've conned yourself GRH.

You have fallen for the views put out by our media and politicians. Not surprising for old folks.

To clarify I'm not justifying putins actions, what I'm trying to say is there is blame on both sides.

No leader should be able to go to war without the majority backing of their citizens. Defending oneself is different. Ukraine shoud've held a referendum asking if the public is happy to risk war with Russia in pursuit of nato membership.

Great Post spectre.
Good luck to you daughter I'm sure her battlegroup won't be utilised. Mobilising to show support is one thing.

Nukes will prevent nato from getting involved. They've provided relative stability between major powers for decades now.

The US and Russia both know they can't attack each other physically. There lies the conundrum.

Our press has as usual been biased. Ukraine has been trying to join nato for a very long time now. Putin has always opposed this as he does not want American troops and their missile defense system placed on his border. It doesn't take much to convert it from a defensive to offensive weapon.

This war could've been avoided if the USA agreed to putins demands that Ukraine can't ever joint NATO. Those that disagree consider for a minute, what if Russia declared they were joining a military partnership with mexico and are going to place their weapons and troops there. How would the USA react?

Nato is obsolete, the loss of Ukrainian lives is not worth it. How many Ukrainian citizens would agree this war is worth it to try join nato? Ignoring the fact that Ukraine stands no chance against the Russian war machine.

Morocco Exploration.

NewMed Energy is in an advanced process for the receipt of exploration licenses in Morocco as a leading partnership in its field with considerable professional knowledge and a proven track record in regional activity. NewMed Energy has identified Morocco as a country with tremendous potential in both geological and commercial terms. The Partnership’s Board of Directors have authorized NewMed Energy’s management to act, and the Partnership is currently in advanced negotiations for receiving exploration licenses in offshore Morocco, in both the Mediterranean and the North Atlantic Ocean.

Wow

So the company behind the Leviathan field agrees the geology in morroco is favourable based on thier experience.

Leviathan is a giant field that can potentially supply 2.4bcf a day. I don't see them going after a tidler.

Granted its offshore but they are late to the table and we know the similarities we have with the anchois offshore field.

Connoco Phillips and new med, not bad for neighbours

On lvl 2, 5/6 market makers have raised thier bid and ask this morning pre open on no news. 5 are on a bid of 11 and ask of 12.
The other is on 9.7/11.7.

Still only a 38mil mcap when,

"Estimated Net Present Value (unrisked) for Predator's 75% interest US$592 million"

That's just one area within our license area.

It's hard to say what a fair share price should be. I'm holding for special divis.

If you believe in the geology of guercif and the results thus far then even if the share price was £1, a mcap of £280mil, still wouldn't do us justice.

Then there's mag mell which is the best option for the Irish political climate.

Theres reasons why many of us here are comfortable holding large positions as the story plays out.

@razorman looks like they're trying to bring the sp down by doing multiple sell trades.
Pointless.

Almost 11mil volume today, back in business.

The board can't say more than what's already out there on their social media.
For him to empathise ultradrill is extremely bullish.
6p appears to be a new support level.

Afternoon GRH,

I suspect we'll find out in the near future. What has he achieved for Paul to grant them.

US gas prices were up 70% at one point yesterday, the biggest single day increase since the futures contracts inception. A major short squeeze.

The German chancellor has come out and said future sanctions against Russia could include shutting down the nord stream 2 pipeline. Bare in mind that it has the Capacoty to supply 26million homes and Germany has shut down the last of its nuclear reactors.

So if Germany and other countries do need to secure none Russian suppliers then demand increases significantly and so will prices. Germany has the purchasing power to outbid other countries.

With everything going on, Paul should have no problem securing funding for our drills in return for security of supply for the local industrial sector.