See that 600 mmbo target JH. Pantheon have done really well in last couple of weeks. |
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. |
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