Predator Oil & Gas Share Discussion Threads

[euclid5] 05/6/2018 22:05

see Zengas post last week - they will be requiring circa $7.5m soon

They plan to buy out Fram a small operator in Trinidad. Might be a RTO so watch for new funds and/or possible suspension relative to the valuation. Production for Fram is about 160 bopd (before these 2 wells) from the fairly old innis trinity field that they plan to rework. Lgo planned to buy it but ran into diffs after they lost a well on Goudron which messed up their cashflow. Also will have Cory Moruga/snow-cap that Parex pulled out of years ago as well - think in total costing $7.5m on top of current m/cap.

Exploratory offshore Ireland stuff interesting but will take time/possible farm-out. Steve Staley a non exec making up the board on £30k/year

[scotty666] 01/6/2018 19:15

I know but they are falling post IPO probably as the need funding which I guess is creating some uncertainty (considering this is 2M mkt cap only).

[euclid5] 01/6/2018 18:55

Scotty, they don't have any NPV value on oil appraisal wells / fields any similarity to i3E

[scotty666] 01/6/2018 12:57

This could do an I3E and fall for a few weeks post IPO, keeping an eye to see if a bargain presents itself even pre fund raise.

[euclid5] 29/5/2018 09:30

After they raise further placing funds to buy out the 2 co's as statoc on pg 43

[alexios1201] 25/5/2018 11:59

Two infill wells to be drilled this summer in Trini(fully funded from IPO proceeds)Oil producersFree cash flowLoads of activities in the next 6monthsWill trade much higher

[euclid5] 25/5/2018 09:00

Hello Zengas,

Yes thought I saw that other co CRH also mentioned.

so approx $7.5m = £5.6m

So definately a placing or CLN to aquire these 2 co's later ths year - think it's by Sept 2018. Have I overlooked something here, or have others!

So potentially raising twice it's market cap, or have I o

Did you read the Admisss Doc re Ram Head Upper Purbeck Oil Sand Lics 16/30 Ram Head Prosepct on pg 197 - reminds me of Barryroe. But they have a lot of work commitments to complete to Nov 18, then they have the option to renew the license agreement. 12% CoS - quite low.

[stark industries] 25/5/2018 08:28

Thanks Zengas Good morning Enjoy your day guys:)

[zengas] 24/5/2018 22:12

Stark

I'm hoping that they get a meaningful asset or assets there given the long wait to date. Need something material/transformational so I hope it's production or near term production and that we aren't diddling about with small reserve/production numbers or i'd be disappointed after such a long time invested. I would have thought the loan facility would be more suited to reserves/production rather than exploration and why it was set up.

Euclid - around $7.5m if you include CRH that they intend to acquire (CoryMaruga/Snowcap from Steeldrum).

[euclid5] 24/5/2018 21:51

According to page 43 of the admission doc they may buy FRAM ( FRAM Exploration (Trinidad) Ltd (which would cost them up to $4.25m in cash to the parent company.

This tells me they may need to raise further sums?

"Subject to agreeing and executing a share purchase agreement to acquire the entire issued share capital of FRAM, the Company would pay Steeldrum, FRAM’s immediate parent company, cash consideration of US$ 4.25 million.

This sum is an indicative amount only, and is subject to a working capital adjustment to be made prior to fixing the final cash consideration for the Potential FRAM Acquisition. The Company is aware from its due diligence enquiries that FRAM has outstanding well obligations, the cost of which will be factored into the working capital adjustment to be made prior to fixing the final cash consideration for the Potential FRAM Acquisition, and may potentially reduce any such consideration from the indicative figure of US$ 4.25 million"

[costax1654x] 24/5/2018 20:01

I bought some shares today just in case!Anyway fellow investors have a look at AEG I personally think that it will multibag.Good luck here!

[stark industries] 24/5/2018 16:45

Thank you Scotty and Zengas.Sorry off topic Zengas...what's your take on UPL now since UPL announced via RNS that Sarawak is on track and it's business as usual ?Cheers

[zengas] 24/5/2018 14:59

They plan to buy out Fram a small operator in Trinidad. Might be a RTO so watch for new funds and/or possible suspension relative to the valuation. Production for Fram is about 160 bopd (before these 2 wells) from the fairly old innis trinity field that they plan to rework. Lgo planned to buy it but ran into diffs after they lost a well on Goudron which messed up their cashflow. Also will have Cory Moruga/snow-cap that Parex pulled out of years ago as well - think in total costing $7.5m on top of current m/cap.

Exploratory offshore Ireland stuff interesting but will take time/possible farm-out. Steve Staley a non exec making up the board on £30k/year.

[scotty666] 24/5/2018 14:46

I bought a few on the back of Staley involvement (NED), 40% shares owned by directors, they already held some cash, the raise is enough for the first two development wells, pipeline close, 100% of revenue until full cost recovery etc.

[stark industries] 24/5/2018 14:32

Thanks Scotty.What are you expecting here ?

[scotty666] 24/5/2018 14:17

I think the market cap is 2.8M, as they have 100M shares in issue.

[stark industries] 24/5/2018 14:15

Very small free float and at under 1 Mcapthis looks like a multi bagger in time according to which projects come along

[stark industries] 24/5/2018 14:12

And also interesting is that they opted for a listing in the Main Market as opposed to AIM Bodes well so far

[stark industries] 24/5/2018 14:11

So what are we all expecting here ?Interesting that Steve Staley is also involved here :)

[scotty666] 24/5/2018 10:38

Website is in the header if you need to catch up the recent announcements, prospectus etc.
Good Luck

[alexios1201] 24/5/2018 10:22

Good MorningIn IPO, 35% scaleback so adding upto my original entry

[cashandcard] 24/5/2018 10:01

Good morning all,


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