Predator Oil & Gas Share Discussion Threads

[pro_s2009] 30/5/2020 12:19

They would not have trouble raising funds for that purchase, if the EOR has proven its highly profitable and worthwhile, then it will be easy to get people to buy into it.

[firemansam4] 30/5/2020 11:46

So this will be around the same time they have the option to acquire the other proportion of (POGT also has an option up to 30 September 2020 to acquire certain assets of Steeldrum, including FRAM for an agreed sum of US$4.2 million)Question how do they plan to pay for this will this be from working capital from Trinidad already?

[pro_s2009] 30/5/2020 10:22

Drilling of Morocco to commence within 3 months from the lifting of lockdown in Morocco. So looking at around September spud then. The Group’s medium term priority is to execute the Guercif drilling programme in Morocco. The Group remains “drill­ready” with an in­ country rig available to it under a rig option agreement with Star Valley and an approved Environmental Impact Assessment. It is anticipated at present that drilling operations can commence 3 months from the lifting of some coronavirus restrictions on travel. The Group is developing an economic model for a nearer term gas monetisation strategy for Guercif that involves Compressed Natural Gas rail shipments to the industrial centre of Casablanca. The size of the gas market will be assessed, and capital and operating costs will be estimated. The Group’s experience and expertise with engineering, costing and developing the CO2 EOR project in Trinidad will be applied to the CNG project in Morocco. The “drill ­ready” status and ability to monetise gas for relatively low amounts of capital investment and low operating costs will be the Group’s marketing tools to attract joint venture partners to help fast­track the financing, execution and development of the project.

[pro_s2009] 30/5/2020 09:51

34% GCOS............Recoverable gas in the range of 320 to 659 BCF. Tis why there is massive massive upside for tiny 6.5M market cap PRD. Ignoring all the other stuff, Trinidad and Ireland, that Morocco gas drill is humongous in size for a 6.5M market cap company. PRD is fully funded and ready to drill when lockdown is over. Other companies have been around 100M market cap ahead of spudding big wells, yet PRD remains at just 6.5M market cap at the moment - which is absurd. A competent person’s report by SLR Consulting commissioned by the Company in 2019 has indicated Net Prospective recoverable Gas Resources in the Tertiary (Moulouya_1 Prospect primary objectives) in the range of 320 to 659 BCF with a 34% geological chance of success

[pro_s2009] 30/5/2020 09:43

Bit more on Ireland. During the year the Company has progressed discussions with LNG suppliers regarding the potential for offshore regasification and the development of gas storage facilities using existing infrastructure offshore Ireland. The change in business strategy is consistent with the European Commission sustainable energy security package announced on 16 February 2016, which included a non­legislative EU strategy for LNG and gas storage. The Company is not intending to create financial liabilities and capital requirements by progressing such discussions and potential negotiations, but rather to use its management’s long experience offshore Ireland, which includes gas sales, constructing bids for acquiring infrastructure assets, and designing a gas storage facility concept for the Celtic Sea, to allow Predator Oil and Gas Ventures Ltd., an operator offshore Ireland, to leverage its position to become the entity through which the LNG supplier participates in the offshore regasification proposal initiated by the Company. The Company is not expecting any practical near­term benefits regarding the execution of this change of business strategy for Ireland.

[pro_s2009] 30/5/2020 03:22

WTI now over 35$ and Brent up over 37$ US rig count down another 17 rigs of which 15 were oil.

[theaviator] 29/5/2020 17:11

Lol You too mate! We will be at Nelly's shortly!

[jstevens74] 29/5/2020 13:26

yes purple. I am jealous at your entry. I got in at 5 and 6p but averaged down a lot in mid 1s so my average now is just over the 4p placing price, do feel better about my average now then I did 8 weeks ago

[under the radar] 29/5/2020 13:23

That’s my abs done ✅ Time for some oats 💪💪 What’s level 2 saying? Someone on lse said he can’t get a quote to buy ??

[purple11] 29/5/2020 12:08

#jealous of my entry #dreamers

[under the radar] 29/5/2020 11:57

Goto start hour of abs now . Then breakfast and 2 hour weights 💪. Catch ya inbetween sets later 🙌

[firemansam4] 29/5/2020 11:56

Yes I agree lots going on here, there are some fantastic pads over there for sure, bring on 50p!

[under the radar] 29/5/2020 11:51

Come Marbs and we can meet up and celebrate our fortunes.We have too many fingers in pies to fail imho 👍

[firemansam4] 29/5/2020 11:49

Well if and when this hits 50p I shall be looking to purchase a nice villa in Marbella/Portugal sod the BMW :-)

[under the radar] 29/5/2020 11:48

You will make penny’s and I’ll. Make pounds you stoopid fukwhit and with my amount of shares it will be worth a LOT of money 💰 Not a matchbox bmw - theres a clue !!! That’s the difference - I’m BIG TIME and your just small fry (aviators phrase pmsl)

[pro_s2009] 29/5/2020 11:28

I would agree with that joey

[purple11] 29/5/2020 11:26

what your average here? pmsl mines 2p. #watch and learn #smart traders vs the down on their luck dreamers

[under the radar] 29/5/2020 11:22

Yeah baking mate - just chilling on master terrace looking out at the sea 🌊. Hopefully Marbella goes into Phase 2 Monday that means you are free to do what you want again Ain’t been Nellys for 8 weeks lol

[joey1998] 29/5/2020 11:22

Yesterday I listened to several of the vox market interviews that Paul did. He mentioned the technique of using a subsidary company to avoid dilution of the main Plc which is apparently what has been done according to today's RNS. I do wonder if the Ireland venture is actually all about building credibility with bigger players for when the time comes to farm-in for Morocco. It's clear that Morocco is the big fish here and everything else is laying a foundation for that project. A few other observations; not often you see management in these companies talking up their ability to reduce costs, and not just in a macro sense (e.g. "no secretaries, we do all our own admin with flights & hotels" etc). Paul must be late fifties or early sixties. That presumably means he wants a payout soon(ish). Yes, he has a large holding so we are aligned. One possible downside: he has such a large holding that he could afford to dilute and still takeaway a huge payout. Others less so. My gut feeling is that won't happen as he's demostrated a reluctance to do that so far.

[theaviator] 29/5/2020 11:14

I have a matchbox BMW mate. Am hurt lolWhat's weather like? Scorchio?