If 12% of something is 6, what is 100% of something? |
Yes Divmad. |
Just to say MOU 5 is an appraisal well not a wildcat as DISCOVERED at the bottom of the MOU 4 drill.
MOU 5 is the biggest drill I think anywhere in the world in 2024.
Chariot found 1TCF offshore which will cost hundreds of millions before first gas in several year's time
PRD Onshore drill costing cc £1m a pop and would need a short(but big capacity) pipeline to connect up to the grid. Could indeed be very fast.
Never did get a report back on the field trip to the Jurassic outcrop but MOU 4 testing will give a huge insight on flows. Permeability and porosity will hopefully be as good as the fan.
Interesting they hope to see the fan in MOU 5 as well. |
It is not the share price that absolutely matters in valuation terms. It is the market capitalisation of the company which partly determines the "value". You can have a £100 a share but it is capitalised less because of the fewer number of shares in issue. |
Er, you have just multiplied the COS inverted! |
No it's not, the share price of gex is approx 16p, the share price in PRD is .10.5p.. the bargains here. Don't miss the booooommm!! |
"An updated Independent Technical Report by Scorpion Geoscience Limited for the Jurassic MOU-5 structure gives net P50 upside Prospective Resources for gas of 5.916 TCF to the Company, with a conservative risking of 12% versus the Company's internal upside Chance of Success of 50%."
Have not seen the report but this is where I got the number ....
Volume * chance of success =5.916 TCF
Chance of success is .12
Volume = 5.916/.12= 49.3TCF P50. |
PV
MP I’d extrapolating the figures taking in consideration COS and P50. |
Hi MP.
I'm equally very excited but need to ask where you get 48TCF from. Not seen that number plugged anywhere until now. Is it a typo or have I missed something seismic?
Thanks |
Folks, it is much cheaper to get into a company called GEX, which I think will explode into the 100 p level from 16 p today. I want you to make money so I am providing a research note below.
DYOR please.
hxxps://wp-georgina-energy-2023.s3.eu-west-2.amazonaws.com/media/2024/08/Georgina-Energy-IPO-OAK-initiation-note31.pdf |
Tough luck "Helpful" keep posting ballax. Well funded PRD and incredible story unfolding. |
No wonder Exxon are about if the Jurassic has potential to be 48TCF net to PRD. (80%) on top of the 7TCF from the fan.Incredible company valued at under £60m.All onshore so very cheap to roll out. |
How the Company has managed to get into the position of multiple potentially transformational projects with such a small team and zero debt.....yes zero debt...is absolutely staggering. |
Cracking RNS this morning and well done the team at PRD!
I find it absolutely comedy gold as to how desperate these trolls are getting now as they are having to work hard for the final push for their bosses to earn their few pennies as time is running out. I have been looking on LSE and AV has been comical this morning, I have also trawled the internet this morning to see if he has his tour dates on his comedy show as he must surely have a sell out by now! I think he has called it "Desperation" Absolutely unbelievable the scale some of them go to! PMSL 🤣😂🤣😂 |
Wouldn't be surprised if we have an update on T and T in the not too distant future, we know Lonny has been out there recently. |
Ditherers WILL miss out... Make sure you're on the 🚂 before it leaves the station!!! |
Helium now!
Can they illuminate the story any more? |
Good point King Kev. |
Just topped up my holding and looking strong GLA |
"where is the gas though???"
Coming out of your backside💨 by the sound of it! |
Where is the gas though?? Nothing flowed. Very much like HE1. |
"MOU-5 well planning re-commenced upon ratification of entry into First Extension Period"
Any ideas what "ratification" means helpfull? 😀 |
Looks like helpful has missed the train... TOOT TOOT CHUGGER CHUGGER!!!🚂 Train about to leave the station... ALL ABOARD.... |
Another wonderful rns. Folk will continue looking on enviously for the rest of the year. The information and data is all out there....they will have nobody but themselves to blame for missing out on this opportunity.
Pounds, not pence. |
The force is strong here.
Oh my!
I'd be surprised if the placing doesn't come by the end of the week.
Unless.
Unless there is an attempt to squeeze in 1 more fluffing RNS.
Perhaps lithium (is that still fashionable), or gold (all-time highs) but my favourite would be AI (no one really understands what it is).
The well runneth over.
I'm starting to worry.
The farce in the dessert.
Be careful. |
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