one poor drilling result here and my 2p target comes into play |
Lets say they dont find massive gas resource but gas similar to mou 3 and mou 4 how will mkt react, the mkt cap is low.It should move up. |
When Novum are involved you can guarantee being flooded with placing shares to below placing price as still making profits including their "fees" They will want to be clear pre result of drill so share price should rebound next week imo - |
The force is strong here.
On the 21 January 2025 I suggested the share price was going down to 4p on the weekly Bollie chart.
The price was 6.05p.
Interestingly the share price has reached 4p and ended up at 3.8p.
Which is the bottom of the current weekly Bollie chart:
free stock charts from uk.advfn.com
In the long term the share price should revisit the upper Bollie currently just under 8p, but the drop to the lower Bollie is not necessarily a signal to buy.
It might be said though that the risk is now to the upside.
Fun and games.
Be careful. |
The force is strong here.
3.8p.
Well look where this has ended up.
What would you expect with Jon Belliss and Novum Securities by your side.
These shares can be shorted as much as you like.
After the "success" of Mou-4 half of the share price was given away to placees in a 90,000,000 share placing at 11p (institutional support touted) with a corresponding fall in share price, from a never to be seen again 20p, to 12p and below.
Sure to happen again in a success case, whatever that may be.
Failure and shareholders might begin to realise how bare the cupboard is.
Be careful. |
If Ireland have signed offLNG
Then I'm sure corrib will be signed off shortly,
I remember reading you needed to have proof of funds so the fact that PRD have confirmed the farmout agreement to the irish authorities
Quote "very deep pockets"
Should now get this signed off |
The CNG project will go on after the drilling of mou5, mou shallow targets will be flow tested and ready to sell at the well head. |
Takeaway mou 5 is prd still undervalued?Of course it is... |
It does appear that the price is being dropped to fill orders - PEEL clearly want to dump completely before drill results are known. And that's OK, because their game is to make pennies lots and lots of times in a zero risk (or as far as possible towards zero) manner.
Not sure that the current price matters much to those of us who are holding on for the prize though. Let's see where we are in a fortnight... |
Possibly a big buyer pinning the price back. Did it myself once upon a time. Only way around it is to fill the order and hope sellers stop throwing money away. |
Interesting thoughts from Morocco and how imp0rtant any discovery is to the country
Not long to wait now |
The force is strong here.
A little colour for sad lives:
free stock charts from uk.advfn.com
The share price has skipped back inside the lower Bollie (just).
The Bollies have surprisingly stopped squeezing together.
I hope you are all strapped in.
What volume there is shows a steady supply of shares to match the buys.
Up or down?
Be careful. |
Can sell or Buy 1m shares at 3.93 and 4.04 respectively- unusual |
Unless there is a large short position being taken to hedge MOU result |
Still shifting placing shares IMO |
All buys and they take it down again? |
Very odd. Should not be hitting the 3s going into a drill?? |
You can sell very large quantities online so does beg the question what games are at play here |
Looking at the volume,since the day of the placing c125-130m so the churn should be coming to an end ,maybe as soon as today/tomorrow
At £28m there is nothing in for any success , which you could argue is part appraisal. as well as exploration well |
HCTS. Why do you post here when all you do is display your ignorance? LWD is exactly that, the instruments are just behind the drill bit - log data is sent in real time to Nutech. Perhaps you are not aware there is this new-fangled thing called the internet that enables instantaneous data transmission from Guercif to Houston. They will return results within 24 hrs. Helium analysis is being done on site in real time. Drilling started late on Monday 3rd. Depending upon conditions and actual reservoir depth it could take 8-12 days to drill to max 1200m. Add 1 day for Nutech to finalise, 1-2 days for discussion & approval with ONHYM. So min 10 days, max 15. That gives most likely timing for RNS w/c 17th, as I clearly stated. |
The problem is how will we know whether this drill is a success or not.
Our modern day Walter Mitty is sure to come up with something to make it look like a great success even if it is another abject failure.
Like an inverted form of the Boy who cried Wolf long ago, he cries "Discovery!!" at every opportunity.
References to multiple TCFs of gas abound in his presentations, but years later he still hasn't produced enough to boil a kettle of water. |
Then there will be the MOU 3 shallow gas production and sale after the MOU5 DISCOVERY and Trinidad production too. I expect we will know more on Ireland after the visit to the Whitehouse on St Patrick's day but looks like Ireland could be thinking of importing US LNG (to avoid tariffs) to some floating facility (Mag Mell?) in addition to Corrib South production. Suddenly the wind farms etc hit a wall and we saw that coming. |
MOU4 Drill took 7-8 days to Drill, drill and logging results announced 12 days.
Go figure MOU5 i would say approx 12- 14 days from spud for results |
hcts you are really a full blown clown. MOU 4 took 9 days from spud to Nutech RNS.
From the MOU 4 Nutech analysis of what we are drilling into:
"The recognition by NuTech of likely good quality thin gas reservoirs at the top of the Jurassic carbonate is particularly significant in the context of the large Jurassic structural closure that MOU-4 was purposely located at the edge of, so as to successfully penetrate the primary pre-drill target which was the Moulouya Fan".
When PG extrapolates that RNS then clowns here will lose a ton of money as shorts rush to close. |
Courtesy of ERB on LSE: Good old ex-minister Ryan! |
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