Predator Oil & Gas Share Discussion Threads

[theaviator] 02/9/2019 16:23

Rude not to take a few more. Still a yellow sticker on the price here. Am expecting double figures before end of the week. Seriously.

[under the radar] 02/9/2019 16:17

Looks like they just paid 6.85p bid for 250k. We know that they are desperate for shares.

Bodes very well moving forwards ...

[under the radar] 02/9/2019 15:37

I fancy we will get the AT4 work over completion rns any day now.

😀

[under the radar] 02/9/2019 14:51

They are paying over the shown bid so this will tick up again on the slightest bit of buying pressure ....

[theaviator] 02/9/2019 11:15

Good to see bid creeping up. Not a surprise. News this week Id imagine eh

[under the radar] 02/9/2019 10:45

Market makers are in BIG TROUBLE as they have no shares. That’s why they delayed raising the bid for so long. They are starting to show their hand now, I expect a few more tick ups by close as well.

Clear BLUE SKY ahead chaps ...

✈️

[theaviator] 01/9/2019 12:56

Cheers for posting that. Malcy ain't wrong here is he

[under the radar] 01/9/2019 11:57

Note - nearly 1TCF of gas and ....

There is a large surface oil seep around the TAF-1X well adjacent to one of the Jurassic leads

💰💰💰💰8176;💰ԁ76;💰💰;💰💰💰💰
28176;

[under the radar] 01/9/2019 11:39

In the meantime - this is a company maker and we are due news on farm
In / rig booked / spud date etc


Predator Oil & Gas Holdings Plc

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



Guercif Permits I, II, III and IV onshore Morocco Technical Update

Competent Person's Report





HIGHLIGHTS



· MIOCENE TORTONIAN AND TRIASSIC TAGI RESERVOIR PROSPECTIVE RESOURCES AUDIT COMPLETE



Competent Person's Report ("CPR") prospective resources audit SLR Consulting (Ireland) Ltd



· TOTAL NET AUDITED BEST ESTIMATE RECOVEREABLE PROSPECTIVE RESOURCES OF 474 BCF (943 BCF HIGH ESTIMATE) FOR THE "FIRST TIER" MIOCENE MOULOUYA PROSPECT AND THE TRIASSIC TAGI PROSPECT



· ADDITIONAL PROSPECTIVE MIOCENE GAS TRAPS



· 9 TRIASSIC AND JURASSIC LEADS



· NO TECHNICAL, CAPACITY OR GAS MARKET REASONS TO PREVENT COMMERCIALISATION OF ANY GAS FIND



Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, with a portfolio of attractive upstream gas assets adjacent to European gas infrastructure entry points, is pleased to provide a prospective resources update on the Guercif Permits I, II, III and IV ("Guercif") onshore Morocco. Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines ("ONHYM") acting on behalf of the State (25%).

The Guercif area is located approximately 200 kilometres east of the producing Rharb Basin gas fields and approximately 100 kilometres northwest of the Tendrara gas project.

Following an analysis of existing 2D seismic and well data in conjunction with an appraisal of the gas market and the Company's project economics, Predator retained SLR to carry out a third party prospective resources audit (CPR) of the potential in-place hydrocarbons initially in the first tier Moulouya Prospect and the Triassic Prospect, in the Miocene Tortonian and Triassic TAGI reservoirs respectively.

SLR has reported that the Miocene Tortonian reservoir in the Moulouya Prospect has a Best Estimate gross gas in place of 646 BCF with recoverable Best Estimate prospective resources of 320 BCF net to Predator using only a 66% recovery factor (High Estimate 659 BCF net to Predator based on higher in-place gas).

Unrisked NPV per BCF of Miocene discovered gas is estimated by SLR to be US$1.95 million, generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$624 million.

For the sub-salt TAGI reservoir in the Triassic Prospect, SLR has a Best Estimate gross gas in place of 515 BCF with recoverable Best Estimate prospective resources of 155 BCF net to Predator using only a 40% recovery factor (High Estimate 283 BCF net to Predator based on higher in-place gas).

Unrisked NPV per BCF of Triassic discovered gas is estimated by SLR to be US$1.34 million generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$207.7 million.

The SLR total combined audited net Best Estimate prospective resources for the first tier prospects only are rounded down to 474 BCF (943 BCF High Estimate), representing an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$831.7 million.

SLR report that similar gas plays to the Moulouya Prospect are commercial in the Rharb Basin where the discovery rate is "remarkably high". An active hydrocarbon-generating system is confirmed in Guercif for biogenic and thermal gas and is supported by the presence of numerous credible seismic amplitude anomalies.

SLR indicate that use of the 48" Maghreb-Europe gas pipeline ("MEG") to export gas is technically feasible and that there are no existing capacity, market or technical reasons why Predator could not utilise the MEG to commercialise any gas discovery in Guercif.

The in-country gas market includes the potential to sell to cement plants and local power generators. The Office National de l'Electricité ("ONE") is encouraging private operators to build and operate power plants to satisfy rising domestic demand and a number of such plants are to be constructed along the MEG, including Oued Al Mekhazine (2 x 400 MW capacity). Electricity transmission capacity is to be raised by a further 2,100 MW to reflect increasing demand.

Additional prospectivity is referenced by SLR, including an updip appraisal of possible logged gas-bearing intervals in GRF-1. SLR postulate undefined gross resources of 10 to 200 BCF for this target.

SLR also refer to 9 prospective Triassic and Jurassic leads, developed previously by ONHYM, with mid case recoverable volumes stated by ONHYM to range from 18 to 366 million BOE. There is a large surface oil seep around the TAF-1X well adjacent to one of the Jurassic leads. Seismic reprocessing and new seismic acquisition will be required to further evaluate and better define the additional prospectivity.

The Company will provide further operational updates on progress in Morocco as activities develop during 2019.

Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc said:

"This is another very positive step for Guercif. This third party prospective resources audit by SLR validates the significant volumetric and recoverable gas resources potential whilst importantly indicating too that there is no significant impediment to monetising discovered gas. The CPR also references additional hydrocarbon potential over the entire Guercif area demonstrated by multiple prospective leads in diverse geological settings in the Miocene, Jurassic and Triassic. This will facilitate a rolling drilling programme to create economies of scale in respect of costs which could be expected to lead to sustained exploration activity over several years. The CPR is therefore an important tool and catalyst for attracting potential drilling partners necessary to advance rapidly a multi-well drilling programme to fully evaluate the large inventory of prospective leads developed in Guercif, as now referenced independently by the CPR."

20p - 30p spud 🥔 imo

[under the radar] 01/9/2019 11:31

RNS on AT-4 will be with us early next week. Should see the share price climb on good news there and then afterwards with Malcy update and hopefully another Vox interview with our main man Paul.

Love the way he said that management are making a name got themselves for being ruthless and who’s going to blink first ? ... the market or BOD 😂.

VERY STRONG BUY - there’s NO STOCK available and there will be a steady influx of news arriving up till the end of the year. Aim is news driven so the share price will ONLY go one way ... NORTH!!!!

DYOR

[theaviator] 31/8/2019 12:47

The art is getting in at the bottom and off near the top. If you ain't positive about where you invest then give up!

[thejaba] 31/8/2019 12:35

It's never a "final" boarding.Final means you can't get on, but you can at any time.Seriously need to tone down the tamping posts and stick to facts which in PRD are good enough.

[theaviator] 30/8/2019 21:29

Re never a final boarding call for shares.I refer you to read the literature of the very great geometrist, astrologist and stock market guru Mr William Delbert Gann.Cycles my friend cycles, and it's time for this bike to start it's journey up the mountain.The timing could not be better. At the time of incorporation Pluto was ascending in Aires. Currently at the 45 degree angle now & add to that that the fact it is exactly 10 months that it bounced off my zone then it is time.....GL

[under the radar] 30/8/2019 17:11

JABA ,

I’ve put you on ignore but all I can say is ...you better get used too it because it’s my style so best put me on ignore as well.

Not as if I haven’t called it right since we bottomed - anyone who
Listened is quids in and sitting pretty right now.

No posts affect the share price - you should know that by now.

Have a good weekend - roll on next week

🚀🚀🚀🚀8640;🚀Ԇ40;🚀🚀;

[under the radar] 30/8/2019 16:59

Notice the time I posted it ?

After market hours

Who can buy then ?

Idiot lol

[under the radar] 30/8/2019 16:57

Don’t like it put me on ignore

Not rocket science

[theaviator] 30/8/2019 16:54

You sit back and just watch. Leave this to the pros

[theaviator] 30/8/2019 16:53

Let's stick with posters who have been here for quite some considerable time eh? DYOR ;)

[thejaba] 30/8/2019 16:51

That sounds so crass. There is never a final boarding call for shares. A holder here but please let's stop the one line posts that show ramping tendencies

[theaviator] 30/8/2019 16:36

They update codes quite regularly but I can have a good guess..... ;)

[theaviator] 30/8/2019 16:35

I was very encouraged by Malcy's post which I hope he doesn't mind have pasted below."Predator has announced good news from Trinidad this morning with a CO2 EOR update which indicates that the operator (Columbus) has successfully completed workover operations to survey downhole the AT-5X well in preparation for CO2 injection and enhanced oil production. The preferred Predator downhole completion design was determined as being 'operationally viable' with a key interval of reservoir section successfully isolated from deeper reservoirs with the setting of a Cast Iron Bridge Plug. Next stop the AT-4 well for further operations of a similar nature.This work has 'substantially de-risked this unique project' and at this stage looks very interesting for Predator and as I wrote a few days ago along with exciting progress in Morocco and also in Ireland makes this company a definite for the watch list.

[under the radar] 30/8/2019 16:33

FINAL BOARDING CALL.....

✈️

[under the radar] 30/8/2019 16:33

6.95p Paid PMSL 👍

I’m liking those late 10 trades again 😜

Wonder what they mean 🤷‍a94;️

🚀🚀🚀🚀8640;🚀Ԇ40;🚀🚀;🚀🚀🚀

[theaviator] 30/8/2019 16:29

The spread only means one thing imo UTR. They don't have enough shares and know what is coming. 6.95 paid which will be cheap v v soon imho

[under the radar] 30/8/2019 16:21

RNS early next week on AT4.

People will buy in on good news there.

Malcy will update and out CEO will
Do another interview as well imo .

Strong buy - market makers are on the back foot