Mariopeter Megrez-1 well |
I'll just leave this here for anyone giving that analysis any credibility...https://www.guerillainvesting.co.uk/2020/09/22/shareprophets-the-stinky-pete-scandal/ |
Meantime back to MOU3 and the rest of the fan. My figures are:
35 mmcf/day generates profit of $60m or £47m per year
50 mmcfd generates profit $120m or £94m
Exxon's p/e ratio is 12 and we have 570m shares in issue. Oh yes and ignore tax cause it's diddly.
This is CNG only. |
Funny man Cranky !! Liked that. |
Yes I was been facetious , and I appreciate that it's not just down to share price. |
Some folk will continue to think that it is too good to be true whilst watching the share price rise towards £10. Then, when it is proven that it is true, they will need to pay in excess of £10 per share. And all of this will happen before Christmas. 2024. |
Or maybe you're right after all. The numbers are truly off the scale in that case. |
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 🤣😂🤣😂 |
Register to chat with like-minded investors on our interactive forums.
Hot Features
Premium
