20p or 2p
PRDs other assets are worthless |
Advance energy ......probably the usual old promotion on a wildcat with a 1 in 10 chance of success.
Hope you see PRD as being very different. The drill risk has gone for starters.
Nice Exxon (Esso) in Morocco looking at offshore smaller part of the Jurassic we plan to drill at MOU 5....relying on Lonny's tweet on that.
Exxon doing deals with the Qatar (also in Morocco) in Egypt and doing deals with Algeria. They must be looking to supply Europe with gas. They will be knocking on the door if they sniff 7 TCF potential (MOU 1 to 4) at PRD or indeed if they like the Jurassic. |
Leslie Peterkin of Advance Energy was extremely arrogant and confident of success and look what happened there.... |
Well PG is keeping activities close to his chest. He's obviously more concerned about stopping 'traders' making any money. Well the arrogant so and so had better be correct when he brags about how confident he is about the geology and results. |
Morning all 🥸 |
Morning 🙄 |
Working very hard.
One typing out invoices for anything they could find and have sold.
Latest technology 🤓 using a old imperial manual typewriter, perched on a turned up bucket with dried concrete inside.
Being served up by his mate stewed tea that's been bubbling away for too long, on a open fire burning camel dung. |
Hi Sam--nothing wrong at all ! We all want you to be right. Many thanks for your input
Yes, not long to wait now. Time to dust off the prayer mat / hip flask / potty |
WML
Care to expand? "Hey up Sam -- you're never wrong , are you ?"
What's wrong with the above as this still stands in my view? Awaiting confirmation of First Extension Period then for SV101 to move across from SOU drill pad for MOU5? Then SJ on completion of if timing goes well, SJ taking 3 weeks as per ITR Phase 2, a couple of weeks leeway as per previous RNS as we await regulatory confirmation. Not long to wait now :-)
GLA |
The force is strong here.
Correct.
Helpfull cannot read.
Never did get the hang of it.
"early stages of the Sandjet rigless testing programme"
Much like a sports programme on TV which starts hours before a ball is kicked or thrown. A lot of talking by experts but no play.
Be careful. |
From RNS 6th June (3 weeks ago)
"Commencement of Sandjet rigless testing programme.
The early stages of the Sandjet rigless testing programme HAVE COMMENCED with the arrival of some well services equipment at the MOU-3 well site and the preparation of the well for re-entry and perforating.
Extensive operations at MOU-3 are anticipated to last for at least five weeks before moving to the next well in the Sandjet testing programme."
I am going to make a guess that Helpfull can't read. |
The force is strong here.
I am going to make a guess that the sandjet testing has not started yet.
Expect an "avoidance of doubt" RNS.
Along with a cash raise.
The miss of the license extension earlier in the year was kindly put down to "taking the eye off the ball".
I expect Mou-5 will not be drilled until the license and the cash raise are sorted.
Usual shenanigans in Morocco.
Be careful. |
Thanks westie. I'm quite relaxed about my position now. I had rather too much of it in my portfolio before for my own good.It's within a mini portfolio of 3 O&G shares now: prd, lbe, eco. ATB. |
Divmad -- I'm waring my rose tints '' the flow testing hasn't happened - because it's only just happening '' LOL
Cheer up m8 , I'm not picking a fight -- GL to you. |
I suppose I've lost a lot of my patience with prd as I've been a shareholder for nearly 2 years now, and still the flow testing hasn't happened. Yet there have been at least 2 placings and no net change in share price I've kept my core holding but the rest has gone elsewhere. |
The only part of the plan that failed was the timing of spudding MOU 5 . Delays are
common place in the O + G industry. We all want to get drilling , some of us more patient than others. Then of cause there are others who try to high light any negative possible , for their own agenda . |
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