Wait wait what do the Satellite pictures say:-) :-) |
I'm a little confused dot com why would an off taker be negotiating a MOU for gas sales. When the discover hasn't been declared commercial |
theyre not flow testing you berk |
Why has this fallen?Whats wrong with the rns?Baffled |
Very insightful. |
Problem the wee mans got is he makes it up as he goes along.i dont think hes got the foggiest clue what hes doing.PRD needs someone else at the helm |
expecting this to go back to 11p+ in short order now there's CM and negotiations in Morocco advanced. |
I was expecting an interview from Paul but nothing out yet.Gold posts been shifted a lot over the last 4 months and he should give some explanation to shareholders. |
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. |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
