Wonderful Wife
Beautiful dogs
Heroic cars
Founded & floated Investment Bank
Closed on $22BN
Serial Investor
Serious hydrocarbons
'BE LAZY ONLY WHEN DEAD'
For the benefit of a couple of the 'unwashed' on here:
HRH King Abdullah
and yours truly
The 'handshake'
Broadcast LIVE
on Saudi TV
from the main Royal palace in Riyadh
Followed by banquet for 450 guests
Funny old World๐๐๐
Today weโre back on The Strand providing free vet care,Nutritious dog food & essentials plus food essentials & homemade cakes for their owners.
I believe the dogs also have water melon for a treat, itโs a โ๏ธ day!
We also have some special guests attending๐
Have a lovely day
Of course there are many worthwhile charities...
I support several
But very high up the list of great people and brilliant causes is DOTS
What they do is transformative for the dogs
and their human partners...
And yes, they are partners not owners.
Today we reunited this lovely beauty Miss L back with her owner after being in our foster care for some time in support of her owner. Miss L & her daddy had such a happy reunion I actually got choked up but all Iโd good now they are back together ๐งก
A chap writes a rag on E&P
He and his double 'work' (yes, I know )
To increase his PAID subscribers
Been doing it for years
RIDDLE ME THIS:
IF he was any good
WHY is he still sodding about
needing paid subscribers?
All of my stuff has been totally FREE
That's it๐ฅ
No LSE
No PMs
I still tweet ๐
IMOโก๏ธ
All other Moroccan E&Ps
have MAJOR problems
as soon as
#PRD
flows
Jurassic massively compounds their problems
Dirty tricks campaign is in full swing
$ MANY BILLIONS are at stake...
As is wider energy security
That's it๐ฅ
#PRD
On the basis that some folk
might not have studied this...
and I do mean it...
PLEASE STUDY
Here is the link to 'The Sleeping Giant'
I have never seen a better Paper...
In all my 50+ investing years
Absolutely incredible
'Petroleum Agreement Amendment
#4
would also potentially facilitate an application by 5 March 2024
for a single Exploitation Concession over the area tested by MOU-1 and MOU-3'
Yes...by 5 Marchโญ
Means tiny
#PRD
will be first to volume market โญ๐ฏ
#PRD
Anyone investing in E&P
& who wants to make real money
(most folk fail to get it right)
Might wish to read today's LSE post by Keith Oz
He covers every subject heading
And under every heading
he provides detailed references
It is a Tour de Force
#PRD
"Good progress has been made on opening discussions for the offtake of gas
On a larger scale than was previously envisaged
by the "Proof of CNG Pilot Concept" strategy"
YES...
It's to be sold
AT THE WELLHEAD
๐๐ฅ
These volunteers ...
yes, VOLUNTEERS
Run one of THE FINEST CHARITIES
Day in/day out...
REALLY helping those in society
who are literally OUT on the cold streets...
both humans and canines alike
PLEASE help them financially
You would be doing a wonderful thing
Thanks
Today weโre on The Strand (in the rain) providing free accessible vet care,nutritious food & essentials for our homeless & vulnerable community.
This station has proven vital to our community in need of support with their dogs & ran SOUL-y by volunteers.
They have no idea...
No bloody idea at all ...
what previous GREAT generations sacrificed
to ensure their freedom
When we buried my Dad at 97 1/2..
he was minus 'sundry bits'...as he called them...
that he had left behind on the battlefields
Love you, Mate
In 50+ years investing career
(my extreme E&P focus started 2008)
I HAVE NEVER
Witnessed a management team
Moving quite SO fast
With SUCH extreme focus
'The market' is struggling to keep up
With the pace of activity
And wealth creation
Thank you!!!
#PRD
๐๐๐
Until the World's great hydrocarbon fields
were fully discovered
They lay undiscovered
That was the situation WRT Guercif
(also the situation WRT the mighty Ghawar)
Folk are only now starting to understand
what I have long been banging on about
#PRD
I have him on filter
but I gather that Keith Oz
Has really pissed off oilman Jim...Louis
Excellent...
The trolls simply cannot compete
with maths and empirical data
More power to Keith's Aussie elbow๐๏ธโโ๏ธ๐๏ธโโ๏ธ๐๏ธโโ๏ธ
If I was heading up
#PRD
I would be playing my cards SO close to my chest...
they would be inside my chest cavity
I would trust nobody
Vanishingly few E&P explorers
get even close to discovering
what PG/LB have discovered
HAVE DISCOVERED๐
PART ONE...
Guercif is highly pregnant
It holds ENERGETIC hydrocarbons
Over VERY many sq Kms
FAR more than discussed / revealed to date
#PRD
Will become the best performing share
Of my lifetime
โก๏ธโก๏ธโก๏ธโก๏ธโก๏ธ ๐ โฌ ๏ธโฌ ๏ธโฌ ๏ธโฌ ๏ธโฌ ๏ธ
It is now clear...
The 1000 ๐ is ON
Absolutely bloody outstanding
From Paul, Lonny and Moyra
Thank you
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
#PRD
WHEN the history of
#PRD
is written
it will long be studied
by international business schools
As THE case study
In how to turn
Small amounts of capital
Into substantial amounts
In small amounts of time
In my investing lifetime
I have never before found the like
#PRD
The scale of this
and the enormous speed of progress
('Market' folk have NO idea...not a scooby)
Is actually quite emotional ...even at distance
Quite WHAT it was like on site
and in Paul's office
I cannot even imagine
#PRD
is THE epitome of
The needle in the haystack
In my time, I have dissected many haystacks
Straw by meticulous straw
And identified several needles
that delivered epic returns
But this one ...is
off the scale
I have good reason to say that
That's it๐ฅ
'Your backbone's connected to your hip bone'
What if...
A series of inter conditional contracts...
Offtake=
Subject to testing
Wellhead Finance=
Subject to offtake
This feels very much like Cove again to me
Giant asset
Out of a clear blue sky
#PRD
#PRD
Those seeking to make real money
might wish to read and fully consider this :
Terrific work by the inimitable 'Methodology'
This is the biggest bang/buck
I have found in 50 years investing
(As some know...I have found a few)
Ages ago, there were folk demanding that
#PRD
Should farm down Guercif
To 'spread the risk' ...as they expressed it
ROB was a lone voice
Begging for the asset NOT to be farmed at that stage
We did not farm it
I am over the Moon that
We go into testing with THE full 75%
YEARS AGO...
I posted that Paul Griffiths
Would rank alongside
My good friend Adnan Samarrai ๐๐ผ
In the history of exploration ...
for BIG hydrocarbons
So he is...
So he is
History is being made here...
In real time
#PRD
๐The GRF-1 Formation Integrity Test
Pressure at 1700m
๐The MOU-1 Leak Off Test
Pressure at 1700m
๐Indicates they are communicating/connected
THROUGH the fault
#PRD
Looks like it really is acting as a powerful conduit
At least at such depth
๐ฅ๐ฏ
#PRD
'Interesting' development in the
BP/ADNOC acquisition of equity in Leviathan
Leviathan :
Sub sea
Thus expensive to abstract
High tax jurisdiction
Not aware of any tax holiday there?
I want to see MOU3 shallow/parallel
and MOU5 Jurassic drilled
I am not the only one
Didn't some bloke called ROB
mention purdah
Some weeks ago?
#PRD
ROB's well known phrases include:
'
E = PER X POR X CHARGE
I am here for Morocco
It's all big and all connected
Here for 1000 bags
โก๏ธโก๏ธโก๏ธ๐โฌ ๏ธโฌ ๏ธโฌ ๏ธ
๐ฆ๐ฆ๐ฆ๐ฆ๐ฆ
Funny old World'
Based upon my OWN analyses
(PLEASE DYOR)
My investment in
#PRD
Will become
by far THE finest
Of my 50 + years investing
(BTW: Folk who emulated my well publicised
bulk purchases are currently up ...en route...
by 666.67%)
That's it๐ฅ
#PRD
I have studied the recent Prospectus
IMUHO...
Not even 'in the ballpark'
The scale of Paul and Lonny's achievement
is...AS YET...lost on most folk
That's it๐ฅ
#PRD
Yes...you DID read it right ๐๐๐
Looks like they will perforate 22 horizons at MOU1
See 'Sleeping Giant' under 'proof of pudding'
That's it๐ฅ
I would like to publicly THANK Paul and Lonny
For ENABLING
the recent ...
highly prescient and important...
fund raise by
#PRD
By the temporary disposal of their shares
Again...
I have never seen the like
Hats off to them both๐ค ๐ค
Thanks guys
That's it๐ฅ
I suspect that
#PRD
Are moving on the Jurassic 'Titanosaurus'๐ฆ
2.6kms up dip from
the stunningly successful MOU4 drill
Guercif...
'Here lie monsters' ๐ฆ๐ฆ๐ฆ๐ฆ๐ฆ
EIA hurdle cleared
That's it๐ฅ
โก๏ธโก๏ธโก๏ธ๐โฌ ๏ธโฌ ๏ธโฌ ๏ธ
#PRD
#PRD
ROB awaits:
1...
Flow rate information from part only of MOU3
2...
Offtake agreement...at WELLHEAD
3...
Timetable for Titanosaurus and MOU3 offset
Keith has launched a โข๏ธ over on LSE
The sound of stunned silence pervades all
Trolls scratching their arses SO hard
They have had to employ full time arse scratchers
at Troll HQ
#PRD
Folk think
#PRD
is going to test 150 metres
((I do not know this
It's an educated guess))
I reckon it could be FAR more
than even that enormous figure
PARDON๐
(current) CPR P50 figures ...
MOU-Fan
295 BCF net to
#PRD
+
Middle sands
320BCF net to
#PRD
IMO
Today's RNS blows those out of the water
I expect to see over 1 TCF net to PRD=old P10 figure
The RNS leads me to actually expect HIGHER than the current P10
โถ๏ธโถ๏ธโถ๏ธ๐โ๏ธโ๏ธโ๏ธ
Sector investors have received
โญ From
#PRD
...
โญ More high quality information ...
โญ Than ever provided by ANY other E&P
โญ ROB has very occasionally (!) also provided
โญ Information and commentary
THUS...
No private investor can ever say
'I didn't know'
Never seen one like this๐ฏ
TT...
Kicking off
Guercif...
Looks even bigger
Testing starts Monday
Numbers relate only to VERY specific areas and horizons
Ireland coming up fast
I have to go out today...
Hope to do more commentary later
#PRD
A considerable time ago...
ROB posted this re
#PRD
'I am witnessing...in real time...
The unfurling of one of THE great hydrocarbon fields
of the World.'
Everything that has happened since that post
Has confirmed such view...
Confirmed it ... ๐ฏ %
Happy New Year to all
I add 1+2+3
1
When they test...
It will be almost impossible not to declare Discovery and Commerciality
2
Hamas changed things geo strategically
Thus, the players have changed
Bigger boys arrived
3
Europe is in a gigantic bind this winter onwards
#PRD
That's it๐ฅ
Some Twitterists have kindly PM'd me
Thank you for your concern
1...
I am VERY busy
2...
I confirm that I remain 'as well as an Old Boy can be'
3...
A swift 5K is always good
The Baba Gurgur number 1 well
Was the foundation of the hydrocarbon wealth of Iraq
I am of the view that...
What BG1 did for Iraq in 1927...
MOU3
Will do the same for Morocco
((My entire family knows me as Baba...
They do so for a reason))
๐
#PRD
I posted much on LSE re
#PRD
But I now choose not to do so
Frankly ...herding cats would be easier than trying to hold intelligent conversations there
There are notable exceptions to their general run of self serving and mindless chat
but the general standard is abysmal
Superb...
The new
#PRD
Prospectus has the objective of ensuring:
1.
VOTING shares get back into the original / correct hands
2.
Whilst keeping schtum about full resources
until testing is complete
As a former M&A person
I would stress one word
'VOTING'
That's it๐ฅ
Some folk might now start to understand
why I have been so adamant about Guercif
Yesterday's RNS uses plain language...
It is in plain sight
BTW...
IMVHO
The field is far greater in scale
than even the extraordinary 240 Sq Kms quoted
#PRD
Folk might do very well
to consider VERY carefully indeed
EVERYTHING they have been told by the Company
More information has been issued by the BoD
Than I have EVER seen before
by such a (currently) small outfit ๐๐๐
#PRD
#PRD
are literally in the MIDST of unlocking
one of THE biggest and most valuable hydrocarbon 'finds' of modern times
Not without reason do I mention 'Leviathan'
Experience?
Folk are welcome to read my Twitter posting history...
re other BIG calls
By the inimitable Seabright on LSE
#PRD
Part 1...
Uplifted basins are usually rich hunting grounds for hydrocarbons.
80% of the worldโs hydrocarbons come from uplifted basins.
Guercif is rich in oil prone source rocks.
What an exhausting day!
Still moving into our new sanctuary site & can not wait to update you & take you on a live tour.
Sad news about one of our clients dogs who has a heart tumour, had a scan today, DOTS covered the cost of this + medication๐ค
๐งก
#PRD
MOU1 exploration is totally on course
It is soon to reach the finale
The market has missed the critical information
This is THE most valuable
( M. CAP / upside value)
Land based exploration drill in 20 years
DYOR
I 'strongly suspect' (๐)
That
Neither Paul nor Lonny
(Nor indeed Moyra if we recognised her)
Would ever have to stand a round of drinks again
Whilst in the presence of
#PRD
shareholders
๐ท๐ท๐ท๐ป๐บ๐บ๐บ
The common denominator...
NPE โฌ๏ธโฌ๏ธโฌ๏ธ
SEY โฌ๏ธโฌ๏ธโฌ๏ธ
GKP โฌ๏ธโฌ๏ธโฌ๏ธ
SOU โฌ๏ธโฌ๏ธโฌ๏ธ
COVE โฌ๏ธโฌ๏ธโฌ๏ธ
SQZ โฌ๏ธโฌ๏ธโฌ๏ธ
PANR โฌ๏ธโฌ๏ธโฌ๏ธ
And...
The biggest of them all ...
By a country mile ...
#PRD
โฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธโฌ๏ธ
That's it๐ฅ
#PRD
These guys are about to drill and test THE most meaningful (SP/risked upside) hydrocarbon play
I have EVER seen
They are also incredibly active on other assets
I am not YET able to answer more questions/PMs etc
Written last Summer
By none other than:
Caterham 7๐ฏ
'I have worked in O&G Exploration for over 30 years.
I think the Jurassic test has potential to be
One of the most globally significant
Discoveries
Of the last decade'
#PRD
I just read that PG is 70 today
#PRD
If correct
We should not allow it to go unnoticed
We could give him the bumps ๐
But a good old sedan chair
Might be more appropriate ๐ฏ
Anyway...
I wish a VERY HAPPY BIRTHDAY to Paul
With my regards
And grateful thanks
G
IMO
1
Guercif is FAR bigger than
#PRD
first thought
2
Post Russia and now Hamas
=
Geopolitically of huge and immediate importance
3
Since first investment here...
Guercif has never been a worry to me
4
nor is it now
TBC...
I am ceasing
#PRD
posting
I have set out my reasons on LSE
It has absolutely nothing to do with the company or it's assets
I wish all good folk very well indeed
I saw that a PI was complaining about being 'disrespected' by
#PRD
I do not agree with that description
BUT...they can 'disrespect'me all they want
as I am not here to earn respect vouchers
I am only invested to make money
And rather a LOT of it
Thanks Paul & Lonny
As ROB has stated
Many times
โญMOU1 was game changing for
#PRD
โญMOU3 was game changing for Morocco
โญMOU4 was game changing for Europe
โญMOU5 ...renamed...
Will be game changing at a global level
Some folk will remember these words
For a very long time
As several folk have now mentioned the possibility in public ...
FWIW
Adnan Samarrai๐
Discussed with ROB ...years ago...
over a hyper hot curry
The likelihood that Guercif
sits on a VERY significant oil resource
#PRD
Number of nett metres being tested =
Per
#PRD
= just over 150 metres
Per published regression analysis...
Average gas production per metre of pay in the analogous Rharb basin...
Conservative uniform choke = 1.15 mmscfd
Random choke =1.36 mmscfd
That's it๐ฅ
Today's RNS
#PRD
'Importantly MOU-3 confirmed the interpretation of the results of the MOU-1 well completed in July 2021 and established a new gas basin covering up to 240 kmยฒ in the northwest corner of the Guercif Licence'
No comment needed from ROB
Re SCALE๐๐๐
QED
ROB is greatly invested
In a tiny company
Debt free
Soon to be awarded
Exploitation Concession
For one of the greatest gas finds in 20 years
A company ALSO about to generate
VERY large free cash flow from oil sales
Without raising ANY new funds
That's it ๐๐ฏ
The
#PRD
strikers
are hitting home run after home run
Meanwhile there are folk still stuck in traffic...
They haven't even reached the stadium
To participate๐งข๐งข๐งข
In the biggest game they will ever see
I have just written to Paul and Lonny
To express my disgust
re how a few bad actors treated Paul last evening
Paul and Lonny are tall poppies
The tallest anyone will ever see in this sector
Adnan would be mighty proud of them both
As he would re Guercif
#PRD
View from a Random Old Boy:
Get to the Stadium
Do so at all costs
Crawl over broken glass if necessary
When in the stadium
Stick your arse on that seat...
(Use of Superglue might help)
Do not leave the stadium
Yes
I am a season ticket holder
#PRD
The
#PRD
strikers
are hitting home run after home run
Meanwhile there are folk still stuck in traffic...
They haven't even reached the stadium
To participate๐งข๐งข๐งข
In the biggest game they will ever see
May I refer readers to
What was mentioned in
'The Sleeping Giant'
Under the heading
'The proof of the pudding'
The very definition of
'Posting my balls on the line'...
In public...in advance...
Of course...
nobody else agreed with me
That's it๐ฅ
I posted ages ago that
Paul Griffiths would rank alongside
My lovely friend the GREAT Adnan Samarrai๐
As one of THE greatest hydrocarbon explorers
Of the modern age
I today reiterate that view
That's it๐ฅ
#PRD
Our esteemed and hugely industrious MD
Mr Lonny Baumgardner
Joined
#PRD
Two years ago today!
To say we have made enormous progress since then
Is to state the blindingly obvious
Hats off to you, Lonny
With the greatest of respect and admiration๐๐๐
THANK YOU๐คซ๐คซ๐คซ
#PRD
The scale of this
and the enormous speed of progress
('Market' folk have NO idea...not a scooby)
Is actually quite emotional ...even at distance
Quite WHAT it was like on site
and in Paul's office
I cannot even imagine
Post of the day
by 'Madman Rob' (no relative)
โถ๏ธโถ๏ธโถ๏ธWhy are we in discussions to sell gas on a larger scale than was previously envisaged?
Answer
Because
#PRD
will have a large amount of gas to sell.
Step back a minute
Enjoy letting that simple statement sink inโ๏ธโ๏ธโ๏ธ
I used to post about 'Leviathan'
I will now call it...
'Leviathan 2'
E & P investors will have researched
The ring of giant and supergiant discoveries
around the Mediterranean
#PRD
What if
The shallow horizons
โญHave not been much compressed by 'over burden'
โญThus possess high Poroperm
โญHave received extreme upwards charge of hydrocarbons
โญAt significant pressure
Consider
how those horizons receive such high levels of 'E'
#PRD
โก๏ธ ROB is just a Random Old Boy on the internet โฌ ๏ธ
ROB's view FWIW:
Lid has been kept on RNSs for political reasons
Delays HAVE BEEN, similarly, out of
#PRD
control
This is one of the greatest discoveries of modern times
โก๏ธ By all means...Ignore ROB's ramblings โฌ ๏ธ