From latest JSE op news"LiftingsSince the beginning of Q4 2023, the Company has lifted approximately 1.4 mmboe generating significant revenues. A further 370,000 boe are expected to be lifted in December, with proceeds expected to be received before year-end." |
From LSE postBe careful! you will upset the natives with such bearish scribes. For what it's worth you are bang on the money ?Something is seriously wrong with all the broken deadlines and promised drilling and testing.They are always on the ball when it comes to awarding themselves more shares though. ? |
Read purples #1271 article on Morocco again. Nothing to get excited about.....only to get worried about. |
MP/proJSE is producing and growing...PRD never will, because it's a mess.Lets see how things develop.Imo, year end JSE will be 40+PPS....PRD will be 6p, maybe less, and still pumping out the same old jam tomorrow story. Good luck with your PRD holding..... you'll need it.... |
 mpUnlike PRD, JSE are currently producing circa 20k bod, after having had some difficulties earlier in the year, which have now been resolved. Next year q1/2 the Akatara gas field will be operational which will add up to another 10k boed. Recently they also started producing from 3 new wells which are yielding 100% more oil than was initially anticipated. This is part of the 20k bod already mentioned. JSE have all their finance in place.....a 200mio loan facility as well as 50 Mio quid from the last share placement. Together with a couple of other developments and another asset purchase, it is anticipated that they will be debt free by end 2024 , and ergo a cash cow. The current mkt cap is circa 170 Mio.........if all goes to plan this should increase to 750+ Mio, based on a production of circa 30k boed. All the above details are available on JSE ADVFN news .PRD, is getting more iffy as time goes on. I suggest that you dyor, cut your losses here and buy some JSE before your PRD investment becomes just a hyped up failed jam tomorrow casualty. |
Glad you have been researching Badger. Don't know anything about JSE though. Each to their own. Just to ask are you aware they have had 3 discovery wells in Morocco and really only have one person with feet on the ground. They are not BP and no point in investing here if you don't get that. You should also be aware of ONHYM who are the Moroccan government partner.
Next up CPR Trinidad.
They have plenty of cash as they got mauled on the recent cash raise and will not want to suffer that again. |
Looking strong. Great news just around the corner. |
History : A century of oil and gas exploration without real success in Morocco
For now, no major discovery of oil or gas that would allow Morocco to become a producer and exporter has been confirmed |
heading towards 7p area as predicted. |
Here we go , you still gonna buy my last few at 10.5p like you promised? |
Who is this trop character spouting his toxic FUD. Jog on fella. |
PROtaaaaaaard |
Are we "fully funded"? |
mariopeter
Thanks for your kind offer but I'm staying put in JSE which has performed very well for me so far and realistically has the makings of being a 3-5 bagger next year from current levels.
Good luck with PRD...I hope that it all works out for you.
(ps. From personal experience... don't buy coal mining shares..;+)) |
Well done Badger. Stick it all into PRD a great Company with delayed brill news to come. Plenty of dosh and will be in production with little capex next year on two fronts. Tell a lie think they may sell Morocco when proved up. |
#1277You should really learn how to spell (develope).....it makes you look stupid..... |
..,...fwiw I printed circa 80k on JSE.......which leaves my residual position at about 24p. |
the fund raise at the time seemed hugely unnecessary, premature and frustrating - now it feels like a bit of a masterstroke. Almost as if PG didn't himself believe the timelines he was throwing out. But we are where we are and we are fully funded for what could be a thrilling start to the new year. |
Sold the coal shares.....cost me 175 quid. With the way that things aren't going at PRD a fundraiser of sorts will be needed. As it stands they have failed to deliver anything that was promised since the last derisory 11p fundraiser....ergo the share price is tanking. Paul talks the talk but earthquakes, floods and other problems are eating into the 8 Mio that was raised.....with nothing of a substantive nature achieved. For a company with no income and all cash burn, whatever is left is reducing as the weeks go by. |
magnum opus let's wait and see. |
Haha nice try badger,
Will not be another fundraise you watch. A simple comparison of cash at bank and cost of flow testing would make that obvious. Suggest you stick to mining and JORC reports.
You must be one of the last people on earth investing in coal. Whatever floats your boat. |
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