Predator Oil & Gas Share Discussion Threads

[under the radar] 08/7/2019 13:56

So why haven’t they converted any ?

Eh ?

[under the radar] 08/7/2019 13:55

Ok Mystic Meg whatever you say

PMSL

[taxibabe] 08/7/2019 13:51

Still plenty to sell from the last two conversions my ramptastic friend

[under the radar] 08/7/2019 13:44

But they haven’t converted any since 28th May.

[mikeh30] 08/7/2019 11:18

Wave 2 is from Arato Global Opportunities Limited waving bye and thanks after dumping their death spiral conversionsSorry couldn't resistIn all seriousness they just need to get on with a raise and dump arato

[under the radar] 08/7/2019 08:58

Now where’s this interview?

😂

[under the radar] 08/7/2019 08:57

Today is confirmation

Wave 1

Strong buy

[under the radar] 08/7/2019 08:11

I like this part:-

The Ram Head prize is potentially large enough to attract interest from substantive parties.Conditions are right in Ireland now to re-approach some parties."

[under the radar] 08/7/2019 08:08

TODAYS RNS

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")



Irish Offshore Operators' Association Statement

Implications for Indigenous Gas at Ram Head, Celtic Sea, Ireland





Highlights



· Pragmatic approach to indigenous gas exploration and development

· Discovered gas at Ram Head is a good fit with current strategic objectives

· Mid to Best Estimate net Prospective Gas Resources of 508 to 1,370 BCF

· Well-placed with respect to gas infrastructure



Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, has responsibly reflected upon the statement made by the Irish Offshore Operators' Association ('IOOA') on 5 July 2019 regarding the decision by the Government of Ireland not to proceed with the Climate Emergency Bill. The full text of the statement can be found using the following link hxxps://www.iooa.ie/government-takes-important-step-to-ensure-energy-security/



Background



Predator's management, who have 20 years' experience exploring for, appraising and producing gas offshore Ireland, has been advocating the case for indigenous gas development since 2016 focussing on four critical issues:



· Security of Energy Supply in an increasingly volatile Brexit landscape



· Transition to a lower-carbon economy by pragmatic means using indigenous gas, which has a lower carbon footprint, to replace imported coal



· Maintaining the potential for tax revenues from gas developments to support the investment needed in expanding renewable energy



· Ensuring energy remains affordable and accessible to all



Predator remains fully committed to Ireland and is encouraged by the pragmatic approach now being adopted.



Predator C02 Footprint Strategy



Predator only operates and works closely with environmental agencies and regulators in countries where there is a commitment to reducing CO2 emissions.



In this respect the Company is focussed on exploring for gas in Morocco, which has a high dependency on coal for electricity generation, and Trinidad, where the Company is addressing the potential for C02 sequestration as part of our near-term programme of operations. CO2 from Trinidad's ammonia plants is currently vented into the atmosphere.





Recent Ram Head Competent Person's Report ("CPR")



With this new political development our focus on the gas discovered in 1984 by Marathon, 40 kilometres east of the Kinsale platforms at Ram Head in the Celtic Sea, becomes of even greater significance. Unlike the majority of new gas opportunities around Ireland the Ram Head gas has already been discovered and is now a strategic fit with stated energy policy.



Mid and Best Estimates Prospective Gas Resources net to the Company of 508 to 1,370 BCF respectively have been previously reported in the Company's published CPR.



The decision by the Government of Ireland not to proceed with the Climate Emergency Bill may be the catalyst for investment decisions regarding the development of proven gas in the Celtic Sea.



Next Step

Seismic reprocessing is being undertaken to potentially improve the definition of the Ram Head gas structure and the fault compartment tested by the 49/19-1 Marathon discovery well.



A further operational update will be given upon completion of the seismic reprocessing.





Paul Griffiths, Chief Executive of Predator, commented:



" We are encouraged by the pragmatic approach being adopted with respect to the importance of developing indigenous gas offshore Ireland. Ram Head contains two gas discoveries and lies in an area of the Celtic Sea that has a long tradition of gas production and was the catalyst for the development of the gas industry in Ireland. The Ram Head prize is potentially large enough to attract interest from substantive parties. Conditions are right in Ireland now to re-approach some parties."

[under the radar] 07/7/2019 10:27

I fancy all those sitting on the sideline will have no choice but to start buying in next week.

A nice RNS and interview would go down really well :)

[under the radar] 06/7/2019 11:19

I like :-

There is no realistic scenario under which gas and oil will not be required to contribute a major part of Ireland's energy supply in the short to medium

Climate Emergency Bill has paved the way for finds similar to the Kinsale and Corrib gas fields which currently supply 60% of gas to Irish homes and businesses.

GAME ON

[under the radar] 06/7/2019 09:04

Do not underestimate the importance of this news:-

Opens up the gas in Irish waters - this what PG was waiting for, PRD licences are worth Millions

The statement made by the Irish Offshore Operators' Association ('IOOA') today regarding the decision by the Government of Ireland not to proceed with the Climate Emergency Bill. Europa holds a leading position in offshore Ireland comprising six licences which have the potential to host gross mean un-risked prospective resources of 6.4 billion barrels oil equivalent and 1.5 tcf gas.

The full IOOA statement is reproduced below and can be found using the following link: hxxps://www.iooa.ie/government-takes-important-step-to-ensure-energy-security/.

'The Government of Ireland has taken an important step to ensure energy security, protect the environment, and create jobs, by allowing gas and oil exploration to continue, according to the Irish Offshore Operators' Association (IOOA).

The representative organisation for the Irish offshore oil and gas industry says the decision not to proceed with the Climate Emergency Bill has paved the way for finds similar to the Kinsale and Corrib gas fields which currently supply 60% of gas to Irish homes and businesses.
Welcoming the decision, Mandy Johnston CEO of the IOOA added "Government has recognised that using our own natural resources is not only good for energy security but also good for the environment and jobs. The facts speak for themselves: Russian Gas imported to Ireland creates 34-38% more greenhouse gas emissions than using Irish gas, while Liquified Natural Gas (LNG) imported from Qatar creates 22-30% more.

"There is no realistic scenario under which gas and oil will not be required to contribute a major part of Ireland's energy supply in the short to medium term.

[under the radar] 05/7/2019 22:48

Macey will do a interview with Paul very soon.

Exciting times

[2dinvestor] 05/7/2019 20:37

The CLN will become irrelevant if they get £10M plus for Ram head, which was an original attraction of this share. That will fund Morroco and the build out of trinidad. If things realign correctly (even with some bumps in the road) this could really fly. They may not of course, but it's still a risk worth taking in my book. Just don't bet the farm.

[taxibabe] 05/7/2019 20:25

The CLN sellers stopped this stone dead

[74tom] 05/7/2019 16:32

Another idiot selling for a loss after a 2 hour hold - bought 72k shares at 5.70 and sold just before close for 5.07, £450 burned in 2 hours!

[74tom] 05/7/2019 16:22

No pump and dump, look at buys vs sells - 1.6m buys vs 500k sells. A lot bought and held, but market makers have nailed the handful who tried to trade on a wide spread by dropping the bid. Standard behaviour, based on past PRD rises, this will hit 7-10p over the coming weeks on the positive macro news.

[rocketfuel1] 05/7/2019 15:56

Have we just seen a very dirty pump and dump today. Interesting to see which brokers printed all those small trades earlier today and then knocked out lazy shapes later in the day!

[under the radar] 05/7/2019 14:50

We can do a deal with a farm in partner now chaps.

Strong buy

[babbler] 05/7/2019 14:33

yesterday's news delayed reaction perhaps?https://mobile.twitter.com/BabblerBestBets/status/1146670291633999872

[momentum1] 05/7/2019 14:26

What's the crack here? Has suddenly come to life. Volume gone through the roof

[tidy 2] 05/7/2019 14:16

Coming off a double bottom also.

[homebrewruss] 05/7/2019 14:06

There's some news from the Irish Offshore Operators Association:

[2dinvestor] 05/7/2019 14:03

There's a lot to be said for a lunchtime pint on a Friday ; )