expecting this to drift back to @6 or 7p now theres no testing. |
Pro's only just realised after 2 years its a bear market
lol |
The force is strong here.
"Its a bear market pure and simple.......... good news in these markets is wasted news........."
If a war in Ukraine and a war in the Middle East constitute a bear market for a hydrocarbon share you must be living on a different planet.
Utter tripe posters will write.
Costing the mug punter money.
No talk of multi Tcf today.
Trinidad has been provided to allow the mug punter to make an estimate of all the gazillions of dollars to be made. Sate the mind of the shareholders who thought they knew what is going on.
Be careful. |
Not if gas prices rise going into winter, so long has they get on with the testing! All I've discovered from the activity here so far is all talk. |
Its a bear market pure and simple.......... good news in these markets is wasted news.......... |
The force is strong here.
"Your outlook changes with the wind"
If you don't understand the RNS, I guess I should give you the opportunity to call me a "bot".
See how you feel in a few months time.
Be careful. |
The force is strong here.
Have not even started testing.
Latest satellite images just avaiable!
100% visibility.
Two lily white porkies lounging on deck chairs licking ice creams, clearly seen.
And now an update satellite image.
Two bright red blobs. That sun is hot. I hope they are using sunscreen.
Be careful. |
Your outlook changes with the wind. Are you a bot? |
 What an extraordinary market - companies are being valued by cash reserves rather than potential. The market pats you on the back because you hoard funds and survive a little longer before burning through the funds on salaries rather than congratulating you for a deal done and valuing the potential of the deal or assets. These companies are supposed to be nimble small cap exploration firms not FTSE 100 dinosaurs.
The recent Directors Share options vest on the following basis:
Options 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.
Part 2 of this is now completed though the option holds no value at todays market price.
Align yourself with the Directors' interests in what you believe will be a successful company and you shouldn't go far wrong.
Now just a little longer to wait on Part 1 of the share options and maybe the market will notice some value here. |
The force is strong here.
The share price has bashed downward through the moving averages, downward through the lower Bollie Band and downward through the lower trendline.
A distinct signal.
I am no longer a £42 person.
I have recalculated to 5-6p.
3 drills, 4 cash raises, all in 1 year. And 1 of those cash raises was at 11p (ELEVEN!).
Failure to test(again) after raising cash to do so(again).
And another open ended RNS.
Was:
"In order to accelerate the timing of substantive negotiations for the sale of its share of gas, subject to an approved Declaration of Commerciality, the Company has decided to amend its rigless testing programme. MOU-3 will now be the first well to be tested. This will establish the potential to maximise gas flow rates for the purpose of setting commercial parameters for the sale of the Company's share of potential gas produced to the present and future CNG industrial market irrespective of pre-drill production profile constraints imposed by its initial "Proof of CNG Concept" strategy"
Now:
"One final element in relation to our business development strategy for Morocco is the execution of a potential Memorandum of Understanding for gas sales. Our preference is for commercial reasons to have this in place before testing commences and we are working to finalise this as soon as possible"
Chicken and egg scenario?
Or egg and chicken scenario?
To me, to you?
Tweedledee and Tweedledum!
No date for testing. All for the MOU. What value is a MOU?
Shareholders are locked in. With meaningless promises.
Do you feel misled?
No one cares.
You cannot sell what hasn't been proved.
There is no date for testing.
It will take a while for the realisation to sink in.
Be careful. |
Well, a big buying op here if you are a true believer. Possibly the last. Do you feel lucky punk? |
Yoo gonner loose all yore munnies herr |
Purple -- you always talk your own book.Guercif will imo be a massive CNG producer in the long term. |
they call morroco "The Graveyard" for a reason .
theres nothing there.
PRD's licenses can be aquired for peanuts. |
Why till next year? Imo testing can start at anytime as soon as commercial being negotiated deals are signed .Let's hope is with the Qatari's |
how long has he been dragging out this morrocan fairy tale for now?its been years
hes a complete timewaster. |
That is indeed a thorn out of their sides and now a good asset secured. Always great to avoid conflict in courts.
Think the market deserves a fresh RNS on when testing begins in Morocco. Intimation that consents were the delay. Defo something to do with ONHYM.
Been wondering and wondering why presales are preferable before testing. The only reason I can think of, that makes sense, is ONHYM want the local market contracted for supply from the license at a good price before the full extent of the discovery is disclosed to the world and before PRD sell. Next news presales to the locals on CNG before the new CPR and flow testing. |
Well I paid 1.8p for my first PRD shares, as you well know purple. So if Paul has them at 1p then good luck to him. |
Now whos rattled Protard... |
The only people selling today are the short term traders dumping their trading pot as they cannot wait for testing that long.
The only people complaining are non-holders who are just muppets who want to try to moan about PRD......
And thats the sum of it all. |
You mean back to 11p ?
Nothing has changed.....only the testing will commence once the MOU is signed.........gas is still there.
Dont ever think Paul does not think like a shareholder.....he is the largest shareholder in PRD and if he wants to hold testing back to wait for the bear market to end.......he will.....and he wont give a flying fig about what any muppets on a bulletin baord try to write about delays.
I think some of these idiots have never met Paul and dont appreciate how many PRD shares he holds. |
So now it's the MOU holding things up. Not the wireline logging unit. Back to 6p at this rate For the avoidance of doubt, executing the rigless testing programme onshore Morocco remains our top priority together with moving to a CNG development subject to regulatory approvals. Everything is in place and all approvals have been received to commence testing. One final element in relation to our business development strategy for Morocco is the execution of a potential Memorandum of Understanding for gas sales. Our preference is for commercial reasons to have this in place before testing commences and we are working to finalise this as soon as possible." |
what a stupid thing to say that could be years away! |
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