Awaiting flows and worth looking at annual post tax profit at differing levels of flows. Don't know what the max LNG demand is but been suggested 50mmcfd. I got the first two numbers from p 16 of the attached presentation below and guessed the 50mmcfd number which is not unreasonable:
4mmcfd Annual post tax profit is $7.8m
34mmcfd Annual post tax profit is $66.1m
50mmcfd Annual post tax profit is $100m.
SO if you can make those profits in 1 year you could probably sell the subsidiary for 10 times (my guess as low capex and fiscal backdrop) the annual profit and we know it will be sold soon. That would be a billion $ company at 50mmsfd or £793m stg or
£1.40 per share.
Don't lose out at 20p! and then there is gas to power and the Jurassic to Europe on top (as well as Eire and T and T).
Just waiting on flow rates but if one well flows at 50mmcfd two wells would be double etc. That's where volumes come in. Wells are very very cheap onshore. |
This feels like one of those few in a lifetime opportunities. The disconnect between the current value and the possible (probable?) value is simply enormous. And zero debt. |
Notice that Lonny has posted on X today (not about PRD of course...........something entirely different) for the first time since end of Jan. But it does demonstrate (to me at least) that he is quite relaxed atm. Maybe reading too much into it. But that, alongside the jungle drums, suggests that things are progressing very nicely.
As ever, we will see soon enough. |
Correct...I also added today. Feels like a gift price imho!. |
Bought a few more today.
I can't believe the share price is where it is with the various rumours circulating. I guess it just demonstrates that there is virtually zero appetite for speculating on O&G these days.........which isn't necessarily a bad thing of course.
Thursday RNS? |
Ok good thanks |
The share price agrees, up we go! |
The wet conditions referred to on the LSE board are likely to be slowing things down a bit. Better weather now and a good forecast so if that was the case it was only a minor blip. |
? have a very positive feeling about the outcome here. People who sold may look back with great regret when we hover over 20p... |
Are you saying it is not easy to measure flow rate or something else |
They may be evaluating the results. Or rain stopped play. |
Due an update |
Update due to |
next driller to go on a run? |
The force is strong here.
Good or bad news in the next RNS?
I'm not really interested.
What I am very interested in is how Paul Griffiths manages to convolute and complicate what should be a very simple yes or no answer.
There has not been an update yet that hasn't managed to raise more questions than have been answered.
The only guarantee is that the next RNS will need another RNS to explain what it means.
Mou-1 and Mou-2 and Mou-4 being good examples.
Expect to be confused.
Be careful. |
"Ohdear…. Does it really matter if China is ahead in clean energy if they are the biggest pollutant by a country mile?"
That is what you said. I then pointed out that pollution per capita is a fairer measure. So it is the same debate.
Are you ok? |
You said
Have you seen which country is streets ahead in clean energy?
Then you said
Look at the pollutant per head. That is the sensible and fair way to look at it. Then you will see where the problem lies.
They are two different debates.. |
No it isn't. |
No it isn't. |
That is an entirely different debate. |
That is an entirely different debate. |
That's the spirit purple. |
Nametrade. There are statistics and then there are statistics. Ever wonder why the Isle Of Man isn't in the list of top 10 pollutants?
Look at the pollutant per head. That is the sensible and fair way to look at it. Then you will see where the problem lies. |
We are motoring ahead! There is a great possibility of news on Monday... |
Get out of your chair and go to Hotan or Beijing ohdear. Take an electric plane you old codger! |
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