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PRD Predator Oil & Gas Holdings Plc

8.25
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Predator Oil & Gas Holdings Plc LSE:PRD London Ordinary Share JE00BFZ1D698 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 8.25 8.00 8.50 8.25 8.25 8.25 1,206,222 08:00:19
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 0 -2.56M -0.0045 -18.33 46.41M
Predator Oil & Gas Holdings Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker PRD. The last closing price for Predator Oil & Gas was 8.25p. Over the last year, Predator Oil & Gas shares have traded in a share price range of 5.65p to 21.25p.

Predator Oil & Gas currently has 562,502,088 shares in issue. The market capitalisation of Predator Oil & Gas is £46.41 million. Predator Oil & Gas has a price to earnings ratio (PE ratio) of -18.33.

Predator Oil & Gas Share Discussion Threads

Showing 26 to 46 of 17275 messages
Chat Pages: Latest  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/8/2018
11:48
From HorseyHead on lse B.B...

The Option for Predator to acquire FRAM (potentially from CERP ) under the Well Participation Agreement, subject to regulatory approvals, dated 17 November 2017 has been extended as a result of the amended Well Participation Agreement to 30 June 2019.

Predator shall fund the cost of acquiring and upgrading surface facilities for Pilot C02 EOR operations and the supply of a minimum of 5,400 metric tonnes of C02 to the C02 injector well;

Predator shall fund all costs associated with the initial phase of Pilot C02 EOR operations up to a maximum Consideration Cap of USD 800,000;

At this time they own nothing but will receive 50% revenue from the chosen wells for the pilot scheme after recovery of costs...depending on pilot results and various licensing renewals sale of TI could occur to them for no less than $4.2m... or it appears the well participation agreement could be extended to more areas thereby rendering a 50/50 partnership at no additional cost to us for the CO2injected areas.. all remaining unaffected wells would remain100% cerp(fram)

Subject to a successful Pilot C02 EOR, the extension of the IPSC to 31 January 2022 and the Company's Pilot C02 EOR economics, Predator shall fund the cost of expanding C02 EOR operations up to a maximum Consideration Cap of USD 700,000;

Predator shall have an Exclusive Option for a minimum period of 6 months from 30 August 2018, and to be renewed each and every year thereafter at Predator's sole discretion, whereby Predator can increased the Consideration Cap to fund the cost of any form of EOR operations in Inniss-Trinity,

I don’t really know anything of the Irish assets, but the CO2 injection won’t be starting just yet!
And for sure they will need a cash raise if they intend buying fram from Cerp (when the deal goes through) for minimum $4.2m
Also they no longer have the option to buy CMH...

Hope this helps...

argyle underclap
14/8/2018
11:43
euclid5,


Thanks. Having considered this, I think they will dilute but at a price much higher than current, but after they get enhanced oil recovery going in Trin to a reasonable run-rate for the asset. So at this stage, I have to say, I am tilting towards building a position. I love the location and potential of the Irish asset. Location means clear path to monetisation if successful. And it does not have to be huge.


Cash

cashandcard
14/8/2018
10:40
Agree with that sentiment multibagger... and it’s seeing some good action this morning.. word is spreading
h van der h
14/8/2018
10:17
The ceo owns 44% of shares and a director owns 6%,so there’s only 50m shares in the free float.They will not want to dilute their holdings and they have a lock in period of a year so they must be very confident about the future.

PRD have extended the time frame to buy FRAM and now it’s June 2019.The share price should me multiples of where we are now if all goes to plan so I don’t see that as a problem especially as we are fully funded for the first two wells. Also PRD will not be purchasing CRH anymore as the option has now been cancelled.

The real jewel in the crown is Corrib South,which could create £3.5 billion to £4 billion worth of gross revenues even at a very conservative gas price.PRD are looking for a farm in partner and are in closed talks with selected Majors.

This has the potential to multi bag very quickly imo.

multibaggers1
10/8/2018
13:29
cashcard

PRD will buy FRAM & have to pay out $4.25m plus also buying CRH - total approx $7.5m

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"

euclid5
09/8/2018
09:05
PRD are now high on my watch list. I now intend to sell a Oil and Gas EP company that is currently doing a lot on existing wells in Trinidad. When their share price get to where I believe it will, I will sell the, then I will buy into PRD for the mid to long term.

From my very quick research today they do look to have a Gem in Trinidad and also a great asset adjoining the Corrib Field offshore Ireland in the Atlantic Margin. Gas is currently the hydrocarbon that Europe needs, its HOT. The price of gas will be going up and roll on 2020.No I am not wishing my life away. Just trading for more financial security for my recent retirement in the Oil and Gas construction industry both on and offshore on a worldwide basis.

ATB,
GD

greatfull dead
08/8/2018
11:17
I really like this aswell but I want to see more detail on how FRAM deal is going to be funded.



Cash

cashandcard
08/8/2018
07:44
Interesting stock.
someuwin
07/8/2018
09:47
Good to see us moving up 7% today. Justin Waite effect no doubt.
adorling
05/6/2018
21:05
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

euclid5
01/6/2018
18:15
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).
scotty666
01/6/2018
17:55
Scotty, they don't have any NPV value on oil appraisal wells / fields any similarity to i3E
euclid5
01/6/2018
11:57
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.
scotty666
29/5/2018
08:30
After they raise further placing funds to buy out the 2 co's as statoc on pg 43
euclid5
25/5/2018
10:59
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
alexios1201
25/5/2018
08:00
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.

euclid5
25/5/2018
07:28
Thanks Zengas Good morning Enjoy your day guys:)
stark industries
24/5/2018
21:12
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).

zengas
24/5/2018
20:51
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"

euclid5
24/5/2018
19:01
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!
costax1654x
24/5/2018
15:45
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
stark industries
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