Predator Oil & Gas Share Discussion Threads

[nametrade] 23/2/2024 19:38

Like I said the other day… people need to learn to read…

[ohdearohdearohdear] 23/2/2024 14:36

As i said a couple of days ago, a lot of folk who sold out on Tues/Wed will be buying back next week.......

[mariopeter] 23/2/2024 14:26

Good buy. Should be back at 13p during testing. This worth quite a bit of money with the Ma sands and shallow MOU 3 bag-able ( at worst requiring new wells) but an awful lot of money if the fan (over pressured) flows at 30mmcfd after sandjet. They were not using heavy muds for no reason in MOU 1 and MOU 3 so the gas is there.

[jungmana] 23/2/2024 12:34

Worth a highlight;The initial phase (ie phase 1 just completed) is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed."Took a few more shares today :-)

[jungmana] 22/2/2024 09:23

I bought 80k more shares this morning. Let's see where this goes soon;"Paul Griffiths, Executive Chairman of Predator, commented:"We are pleased to be finally making progress on the rigless testing programme. The initial phase is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed."

[ohdearohdearohdear] 22/2/2024 08:21

I don't know why there is a worry tbh. There is no indication that the Moroccan's have been anything other than hugely supportive of the companies that work in kingdom. I guess the uncertainty is in the when, rather than the if.

[john henry] 22/2/2024 08:17

Normally takes 3 days to flush out all the sellers, today should see the final low before consolidation.

I think the general worry now is over PA no4

[ohdearohdearohdear] 22/2/2024 08:14

Yes. I think everyone knows that divie, but thanks anyway.

I'm expecting some sense to return today and for folk to realise that the last couple of days has been a little bit of an over reaction.

[divmad] 22/2/2024 08:06

Not any more, they won't, without Amendment #4 in place and a crew organised after that.

[helpfull] 21/2/2024 21:29

The force is strong here.

In the ITR, Phase 2 rigless testing was divided into 2 parts (page 9).

The first part is pencilled in to take 21 days.

The second part, which is more involved, would take at least another 21 days.

Both, of course, would require the Amendment 4 extension which would last until 5 June 2024.

Time is of the essence.

Phase 2 rigless testing would take 42 days in its current form.

Be careful.

[john henry] 21/2/2024 20:22

theyve added MOU1 into the sandjet and the penetration into the formation is likely to be deeper than originally planned. More time needed.
Hopefully we will hear all about in the next few weeks

[ohdearohdearohdear] 21/2/2024 19:40

"Phase 2 rigless testing operations using Sandjet are planned to commence in early February to early March. The duration of operations is forecast to be for up to 21 days."

[john henry] 21/2/2024 18:46

Sandjetting MOU 1,3 & 4 is gonna be a big testing operation probably take 3-4 weeks

[ohdearohdearohdear] 21/2/2024 17:45

No debt. The issue folk have got fixated about right now seems to be granting regulatory approval for the Petroleum Agreement Amendment 4.

I have seen no evidence of the Moroccan authorities being obstructive, with any of the in kingdom companies...........Sound, Char, SDX or PRD. In fact on the recent SOU investor call, their CEO made sure that he praised them for all of their assistance. So, an irrational fear as far as I'm concerned. But it certainly would be good to get it granted and for the sandjet plans to be formalised. From the 12th January RNS:

"Phase 2 rigless testing operations using Sandjet are planned to commence in early February to early March. The duration of operations is forecast to be for up to 21 days."

We've clearly missed the start (and middle) of Feb. Still on for early March I wonder?

Looking on the bright side, at least it looks as if we will be given the opportunity to move more of the shares into the new iSA allowance before the testing results come through...............!

[john henry] 21/2/2024 17:33

Worth noting MOU4 wouldnt not have suffered any formation damage.

[mariopeter] 21/2/2024 17:12

Ah Purple you are so kind but we are grown ups. When you state "nothing there" are you referring to :Morocco MOU 1Morocco MOU 2Morocco MOU 3Morocco MOU 4Morocco MOU 5Morocco MOU 6South CorribKinsaleOr Trinidad ? And when you have answered that which sands in Morocco 1,3 and 4 are you talking about?

[jungmana] 21/2/2024 16:17

Same here just took more at 7.50p

[ohdearohdearohdear] 21/2/2024 16:14

Those in here long enough will k now how the share price behaves. Once the sandjet schedule is released, the price will move up beyond 13p again. Of course, beyond that, it all depends on the results.

More than happy to hold and add. Seen it all before...many times.

[borg45] 21/2/2024 16:08

Hope it turns out ok for the holders but this is very similar to red emperor a few years ago

[jungmana] 21/2/2024 16:07

Purple whats your next target entry if i may ask?My last trade went well and back in for another one

[cashandcard] 21/2/2024 15:46

Divmad,Agree 100%. If they cannot get this flow - it's pointless going on about TCFs of gas or biggest race to the finish line or whatever some over enthusiastic folk keep trotting out.There are two options here; deliver gasflow at commercial levels or prepare for failure like many other smallcap oil co's. The other assets are sideshows to this, so they won't save it.Cash

[purple11] 21/2/2024 15:10

i tried to warn you but sadly was only mocked.

theres nothing there.

GET OUT

[mariopeter] 21/2/2024 15:05

Cranky turned up to short. Idiot.

[master investor] 21/2/2024 15:05

I think that gap will fill on the chart

[helpfull] 21/2/2024 14:08

The force is strong here.

"Funding the discretionary well would depend on final well cost estimates; the quantum of discretionary cash on the Company's balance sheet in Q2 2024; and the ability for potential early monetisation of gas following a successful Phase 1 rigless testing programme"

Funding for Mou-5?

It's all starting to look very shaky:

"an application by 5 March 2024 for a single Exploitation Concession"

The first to fall.

An inevitable cash raise before any Mou-5 drill.

Be careful.