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PRD Predator Oil & Gas Holdings Plc

8.50
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Predator Oil & Gas Investors - PRD

Predator Oil & Gas Investors - PRD

Share Name Share Symbol Market Stock Type
Predator Oil & Gas Holdings Plc PRD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 8.50 07:41:51
Open Price Low Price High Price Close Price Previous Close
8.50 8.50 8.50 8.50 8.50
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Top Investor Posts

Top Posts
Posted at 01/5/2024 07:59 by ohdearohdearohdear
Great news this morning!

Also, was listening to the Sound investor call. Their CEO is hoping that the Star Valley rig will head towards Tendrara after SDX is done with it. Will be interesting to see where it actually goes............PRD, Char, SOU..........
Posted at 15/3/2024 08:48 by john henry
The volume shows there is zero interest in PRD at present.Imho when they actually begin testing investors will start to take an interest.Switch off until early May.
Posted at 21/2/2024 17:45 by ohdearohdearohdear
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...............!
Posted at 02/2/2024 03:04 by kq1
Share prices go up and down, often unpredictably. Undeveloped resources may or may not be commercialized, or not in the expected quantities or at the hoped for profitability. These are all well-known risks.

Market makers do not 'play games' or 'manipulate prices', as is frequently claimed here. MMs use algorithms to maintain a balanced book and maximise trading volume - that is how they make a profit. There are no malevolent dwarves trying to steal shares away from naïve private investors. Yesterday's sub-penny drop in low volume is irrelevant in the scheme of things, especially after a substantial rise over a short period of above-average volumes. Of course the usual suspects emerge from the woodwork proclaiming doom. I do not know if they are short term traders hoping to buy cheap, or even paid by someone else so that their masters can buy more cheaply. Whatever, it is also irrelevant - just remember that they are promoting their own interests, that may well be the opposite of yours.

Something that is worth concentrating upon is the effects on the value of PRD's assets due to the staged removal of risk. Lionel Therond is one of the most respected analysts working in the oil & gas sector. He was the author of the Fox Davies Capital note issued on 13th July 2023. here it is:

[...]

He calculates that the unrisked NPV10 of the MOU-Fan & Middle Sands is $1176.4M. That is their value today, assuming that 1/. They are producing commercially as planned, and 2/. The cash flows are reduced at a compound annual rate of 10%, to account for the time value of money. How do we get to 'unrisked'?

* Produce combined flow rates at or in excess of 50mmcfgd from around 150m of reservoir intervals. As you know that de-risking events will be in two phases - the first finished this month, the second next month.

* Agree a commercial contract with a suitable gas distributor. Again, as you know, the main terms have already been negotiated with Afriquia Gaz, the largest distributor in the country, that happens to be owned by Morocco's PM.

* Set up the CNG operation - once again, you already know that the money is there to do this.

* Secure an Exploitation Concession - PRD have said they should be ready to apply for this early next month, and given the influence of their partner and the urgent desire to produce indigenous gas, this should be granted rapidly.

Removal of these risks gives an NPV10 of £922M at fx rate of 1 : 1.275. With 565.2M shares in issue, that is £1.63p per share. Just for MOU-Fan & Middle sands. No Jurassic, no 'running room', no Ireland, no T & T.

By end of next month.
Posted at 01/2/2024 12:34 by helpfull
The force is strong here.

FWIW

hxxps://lanouvelletribune.info/2024/01/hydrocarbures-au-maghreb-des-projets-en-vue-dans-ce-pays/

"On Friday 26 January, Predator Oil and Gas confirmed the presence of good potential at Guercif. Prospecting suggests 139 to 312 billion cubic feet. According to our colleagues at the Ecofin agency, this vein is capable of producing 20 million cubic feet per day for a period of 6 years for a value of $128.08 million. For some time now, Morocco has launched an ambitious project to diversify its economy".

"These different deadlines will allow the Maghreb country to benefit from many economic benefits. The first authorities are pulling out all the stops to properly coordinate the flows of capital that will soon converge in the state coffers. As a result, many investors are converging on the Cherifian kingdom.The Maghreb has enormous potential that is just waiting to be exploited. The different nations in this part of Africa are each developing their own strategy to reap economic dividends. The aim is to build up a range of opportunities to propel the economy into a new sphere".

Be careful
Posted at 12/1/2024 10:35 by z1co
Excellent write up in the Armchair trader:



Can Predator Oil & Gas shares get back to 20p?

By Stuart Fieldhouse
10th October 2023

Investors in UK-listed Predator Oil & Gas [LON:PRD] will be wondering whether this energy play is going to make it back to 20p. Stock rallied back in June, ramping up from around 5p to trade at over 20p in July, but the shares have since sunk back to trade in the 10-12p range.

Much of the excitement in the early summer was generated by Predator Oil & Gas’ exploration in Morocco. The company issued an update on its North Africa operations last week, saying that it has opened exploratory discussions with a group focussed on the downstream energy business to potentially sell its share of gas produced at the Guercif well head in Morocco. This is subject to an approved CNG development plan.

The company operates the Guercif petroleum agreement in Morocco, which is prospective for tertiary gas less than 10km from the important Maghreb gas pipeline.

Rigless testing programme
In order to accelerate the timing of negotiations for the sale of its share of gas, Predator has also decided to amend its rigless testing programme. The company’s MOU-3 well will now be the first well to be tested, it said in a statement last week. This will establish the potential to maximise gas flow rates for the purpose of setting commercial parameters for the sale of Predator’s share of potential gas produced to the present and future CNG industrial market.

Predator Oil & Gas says it has been waiting for over three weeks for an in-country wireline logging unit. A perforating depth control log is required to depth correlate the perforating points with a similar log run before the casing was set during well completion.

Predator said it is confident that the testing programme will deliver the results necessary to progress commercial negotiations for the offtake of its share of future potential CNG gas from the well head.

Investors are hoping that the test results will boost the stock considerably. Things have not been helped by the widening pre-tax loss for the company with administrative expenses increasing fourfold.

Predator says it is also investigating other ‘high impact’ drilling opportunities in Morocco.

Predator’s portfolio consists of upstream exploration, appraisal and development, and near-term producing assets onshore Morocco, offshore Ireland and onshore Trinidad. Since its formation, Predator has built a diversified portfolio of oil and gas interests with the key focus being the pursuit of enhanced oil recovery opportunities using carbon dioxide injection in Trinidad and exploration and appraisal gas assets offshore Ireland and onshore Morocco.
Enhanced oil recovery uses carbon dioxide injection to bring mature oil fields back to life. Predator is using this for its onshore Trinidad project and exploring for and appraising gas discoveries around existing infrastructure offshore Ireland for maximum economic benefit with a reduced environmental footprint.

Predator’s core funding strategy is based on generating near-term oil production and cash flow from drilling infill production wells which can subsequently be used for CO2 enhanced oil recovery. This can yield a significant uplift in production rates and cash flow for a much reduced capital outlay compared to drilling new development wells.
Posted at 12/1/2024 09:06 by dicko80
Well done PG

You have finally listened to us and delivered a detailed and thorough update, which clearly outlines the plan for the year ahead

For investors to hear fully funded , with so much value creation to be confirmed throughout the year ,makes the investment case compelling

GLA
Posted at 04/8/2023 11:09 by helpfull
The force is strong here.

Predator investors are beginning to realise what the Executive Chairman has in mind when he alludes to know "the value of the retail investor".

Shut up and buy the shares the placees want to sell at a profit (is it 10% or more?) after the 11p (ELEVEN!) cash raise.

It is what retail investors (also known as mug punters) are for. Nothing more, nothing less.

Some might start to realise Predator are no different from any other bucket shop frequenter. Expect them to be back shopping sooner than you think. And with a bigger basket.

Be careful.
Posted at 01/8/2023 07:41 by helpfull
The force here is strong.

All those institutional investors in a rush to buy the shares.

Yeah right.

When has any company desperate for cash, not have institutional investors come onboard? Don't hold your breath.

Predator is first and foremost desperate for cash.

These shares will be flipped. Guaranteed.

In preparation for the next cash raise which will be much larger and much sooner than people expect.

So much for the pretence of an auction.

Remove the lipstick from the pig and underneath is a cash raise at a 50% discount.

The truth is painful.

These "institutional investors" will be licking their lips at the next larger discount that will be engineered for the next cash raise.

Question everything that will be said of written about this company.

Something is not quite right.

What is that smell?

Be careful.
Posted at 21/8/2022 12:21 by pro_s2009
A fossil fuel investment resurgence amidst Europe’s energy crisis?

With conflict in Ukraine and sanctions on Russia continuing to exacerbate supply issues, rising energy prices are fuelling new opportunities for private equity in the European oil and gas industry.

This squeeze on energy prices began last year as the post-pandemic recovery in demand for energy highlighted weaknesses in the transition to renewable energy, with dwindling oil and gas capacity causing prices to climb.

But are concerns over energy security and rising energy prices enough to make fossil fuels attractive as a long-term investment opportunity? Particularly as countries stand by their commitments to reach net zero, and investors increasingly focus on impact and ESG strategies?
Commitment issues

Commitments to reducing fossil fuel consumption and investment in oil and gas have been at the forefront of investors’ minds in recent years.

As European governments set increasingly ambitious climate targets, including the European Green Deal that pledges net zero emissions by 2050, so too are funds that are increasingly examining their role in achieving climate goals.

Last October, Dutch pension fund ASP announced that it was looking to divest €15 billion of coal, oil and gas assets by 2023. It joined some 1,500 organisations around the world that have pledged to dispose of $39 trillion of assets in the sector, according to data from DivestInvest.

Private equity investment in the sector also draws negative attention, particularly following the publication of the Private Equity “Dirty Dozen” report by the Private Equity Stakeholder Project, which listed the fossil fuel assets of 10 of the largest private equity groups.

However, energy prices are escalating at unprecedented levels across Europe as the EU tries to reduce its reliance on Russian gas imports. This has led to concerns about fuel poverty and shifting climate priorities down the agenda. As supply constricts, fossil fuels will remain a necessity until alternative energy sources are sufficient to meet demand.

Too lucrative to ignore

Private equity investors have taken advantage of rising energy prices as overall investment in fossil fuels in 2021-22 soared.

By the end of last year, buy-side deals totalled $149.3bn globally, notably including Sval Energi’s $1bn purchase of Spirit Energy’s Norwegian oil and gas operations, with backing from Norwegian private equity firm HitecVision.

This year has seen a continuation of international private equity interest, with $35.5bn worth of investment as suppliers responded to increased demand. Other investors have also sought to expand their reach in Europe, including Israeli conglomerate Delek Group’s $1.5bn acquisition of Siccar Point Energy.

Despite attempts at divestment away from fossil fuels over recent years, statements made in May by asset managers reflect how increased activity in the sector may prove too lucrative for investors to step away from.

Although committed to achieving net zero across its portfolio by 2050, Vanguard doubled down on investment in fossil fuel projects and refused to end support for coal, oil and gas production, citing its fiduciary duty to maximise investment returns.

Similarly, BlackRock indicated that it was likely to vote against shareholder resolutions influenced by climate activists that pursued bans on new oil and gas production.

It is clear that investors have responded to the increased consumer and political demand for fossil fuel-based energy in the sector and the political demand for secure lines of supply for domestic energy consumption.

Towards a renewable future

In part, this interest from investors has come as Russia’s invasion of Ukraine sparked discussion about the role of fossil fuel investment in transitioning towards a net zero future.

From Europe to the US, governments are now placing increasing importance on energy security alongside climate targets, particularly as renewable energy sources are not yet able to bridge the gap in demand following Russian sanctions.

In some instances, investment in certain fossil fuels is being viewed as a stepping stone to greener energy sources. Shifting away from coal and towards ‘cleaner’ fossil fuels such as oil and gas could be a viable strategy to achieve energy goals, whilst retaining sustainable ambitions.

With energy sovereignty now a priority for leaders across the globe, further investment in fossil fuels could be seen as a necessity to ensure a smooth transition away from reliance on Russian energy.

However, in the long term, the potential for stranded or underperforming assets because of negative public attention needs to be considered by private equity sponsors.

Developing dual-track strategies provides a potentially effective way to address this. For example, in March HitecVision announced the creation of a new renewable venture alongside power company TrønderEnergi with an initial investment capacity of up to €2.1bn.

Overall, opportunities in the European oil and gas industry have clearly become more attractive for private equity sponsors.

Whilst sentiment is moving in favour of fossil fuel companies as a means to achieve energy independence, buyers need to be aware of the challenges and negative attention the sector generates, and have a clear strategy in mind for the future of their energy asset portfolio.

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