FFS surely you have access to L2 and intra day trade data. |
700k of buys ranging from 11.1 -11.195p |
Yep. Already have. Which is why it is clearly a buy. Still no sign of the shedful of sells though....give us a clue where they are. |
Check out the trade prices before the buy ++++ |
Yep looks like a buy. Henry wants it to be a sell as he's a shorter. |
It was a buy. Either way, i am not able to see the "shed loads of selling" that a poster noted....anybody else see it? Maybe the poster has a very, very small shed? |
It's a sell |
1m trade at 10.50am at mid point. Buy? ..as price moved before next trade. |
Still shed loads of selling. |
Buffinman. Not all of my research comes from Keith's posts, brilliant poster though he is. I maintain my view of initial results on Tuesday. |
if its a gusher then it will be GKP back in the days orbit and superfly time! |
Tuesday? Why? KeithOz suggests on LSE that " Rigless testing results should be available within 2-4 weeks, dependant upon your interpretation of 'results' ". |
Getting ready to move through 12p. I would be surprised if there wasn't a flurry of buying this afternoon. Initial results on Tuesday I reckon. |
It's a bit strange RNSing the amount due to the company should all options and warrants get exercised. As mentioned in the last RNS, future funding options are being examined. Maybe this route is being considered? Perhaps a further cash raise of sorts is needed and coming sooner than expected?"If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be GBP5,982,951." |
Needs good testing results........simple as that. If that happens then we can look forward to a significant share price rerating.
Patience......... |
It is looking good! |
The level of understanding share options is truly shocking for such a simple concept.
Horse1 over on lse is particularly clueless. |
Pro .......If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be GBP5,982,951. ............
I am relatively new to O&G, but I have never seen the total options and warrants revenue displayed like this before. It seems to me they are indicating a revenue.Deal close on both conditions? |
It's interesting that 50% of the new options relate to Trinidad. |
That RNS tells me 2 things:1 the testing is on plan 2 they are very confident |
Wonder if testing has started already. The wait now is simply for the results of testing........could be zone by zone, or all together at the end of all zones of MOU-3 having been tested.
........Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date......... |
.......If all options and warrants were to become exercisable and then exercised in accordance with their terms, gross proceeds received by the Company would be GBP5,982,951. ............ |
Issuance of Options to Non-executive directorsThe Board's Executive Directors have resolved to make the following award of unallocated share options the "Options") under the Company's existing option schemeTo: Alistair Jury (Non-executive Director):Award of 3,000,000 OptionsTo: Carl KindingerAward of 3,000,000 OptionsOptions issued on 12 October 2023 to Alistair Jury and Carl Kindinger are exercisable at 12.5 pence per share. Fifty percent (50%) of the Options (1,500,000) will vest upon the release of an RNS in respect of the rigless testing results for the Guercif Licence and fifty percent upon the release of an RNS in respect of the completion of the acquisition of TRex Holdings Trinidad Limited and the Cory Moruga project. |
Yes and similar geology to the Gharb (desktop study by the Company and our Geologist who has many years experience in Morocco) where SDX get wonderful flows from much smaller less pressured fields. In fact they seem to achieve 1mm cng/ day for each meter of sand in the Gharb but the volumes are diddly in comparison.
MOU 3 connected to MOU 1 where CPR shows zero geology risk. Think the fan is 50.5 over-pressured meters of sand at MOU3. That bit alone could plausibly satisfy the entire CNG demand in Morocco(thought 50 mm cng day) Then there are the other sands in MOU3 and other sands at MOU1,2 and 4 for the gas to power and maybe entry into the Maghreb pipeline to Europe. Then there is the huge Jurassic at MOU 5 then there are the other satellite prospects on the block.
Just have to wait for conclusive result but you cannot de-risk it any more than we have at this stage. Only need 1mm cng/day to make it commercial. Odds on but Mr Market not got it......yet. Too many sellers without homework done , expecting little PRD to behave like Shell and not understanding ONHYM...even turning a blind eye to the oncoming corporate event. Hen's teeth for any gas producer but may take several to take out PRD. That's just Morocco. |