The 4-6 weeks is my calculation of delays you could expect following such a massive earthquake. If we have had no testing results by the end of that timeline, I too would be concerned, until then I will be waiting patiently. Apart from moaning, what do you intend to do? GLA |
28th today |
Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented :
"The Sandjet rigless testing programme is on track and scheduled to be executed and completed in September |
And where did you get 4-6 weeks
From?
The trust in my view has been
damaged ,after the last interviews
by the CEO , following a low placing
which has cost holders 50% in value
and 2 months later still waiting ,I think
Most holders feel a bit short changed .. |
If you believe that this stock has a massive upside, which I do, then waiting another 4-6 weeks for the testing results is nothing on the grand scale of things. The natural disaster which hit this country so hard will have an effect on every part of the Country, even though PRD are miles from the epicentre. The BOD have indicated that they will not be affected by the earthquake, but I just cannot see that. The placing price was disappointing but again the upside, IMHO, will make the placing price irrelevant.
Hold on and be patient. if you can wait, the rewards, I believe will be well worth it. GLA |
shares188. Filtered. |
we are scheduled to arrive at 12p on the 22nov23, at 2pm
can customers please ensure they take their luggage with them
;)
free stock charts from uk.advfn.com |
Really after nearly 2months lol |
But wasn't that what the latest placing was supposed to achieve? Testing was the number one reason for the raise. CNG development studies was the second. |
Other gas in Morocco. |
I think you guys that are talking all these deals should go back to Paul’s interview 7 months ago and listen to what he has to say….
He talks of selling a VERY small percentage of POGV…. Therefore this first deal imv will not be what you are all expecting… No doubt though it should finance us through a fair chunk of drilling and hopefully testing to get us to a much more elevated position.
Aimho. |
GRH can say goodbye to his best O&G investment ever idea, if an early sell out occurs. |
Agreed Keith.
People may blindly say "why take a low price now, test it and then get a bigger price later"........but there is still risk now.
Its kind of like refusing to sell your car for 10K on your doorstep, wanting to get 15K by driving to deliver it to someone 200 miles away and then crashing the car on the way..........
If Paul can get a decent price now, low enough to be attractive to a speculative buyer - and at the same time add on future royalties for gas production, then he injects the company with a massive amount of cash now and still can profit from the future.
Thats the deal Paul is looking for, and working on - fingers crossed he pulls it off as 20p a share will be zoomed past very quickly and all the moans and groans will disappear, well, they might increase as people who sold out, then miss out. |
 Good morning. Anyone fancy some breadcrumbs for breakfast?
Leviathan – named after the largest animal in the sea. Now, what was the largest animal on land called? Began with a T...
Leviathan prospect has 23TCF, NewMed Energy were 45% owner & operator of Leviathan, but earlier this year BP & ADNOC (Abu Dhabi National Oil Co) agreed to buy 50% of NewMed for $2Bn.
hxxps://www.offshore-technology.com/news/bp-adnoc-newmed/?cf-view
$175M per TCF doesn't sound like much of a deal, until you take a closer look at the bottom line. Not much profit in Leviathan - it's offshore, deepwater, very high costs per drill, very high capital costs for undersea pipelines and processing equipment on shore. Gas is contracted to be sold mostly to Israel for around $5 per mmcf. Corporate tax is 23%. Additional hydrocarbon royalty and special profits levy is insane – up to 62.5% - see last paragraph on p.2 of this:
hxxps://www.oecd.org/fossil-fuels/ISR_v2.pdf
So if I was Yossi Abu, with a couple of $ billion burning a hole in my pocket, in what would I invest? I would be looking for something big, but more profitable – lower cost (onshore), higher price ($10-16 per mmcf?) with a new, under-supplied, customer base, and a more favourable tax environment. Trouble is, most hydrocarbon opportunities geographically close to Israel are not at all close politically. Oh, look at this...
hxxps://www.aljazeera.com/news/2023/7/17/israel-recognises-western-sahara-as-part-of-morocco
and this...
hxxps://newmedenergy.com/regional-ties/
Halfway down you will see a photo of the top NewMed people, with on the left Amina Benkhadra, ONHYM Director, and on the right, Leila Benali, Morocco Minister of Energy Transition and Sustainable Development.
"For a long time now we have recognised a huge potential in Morocco for collaborations in both the natural gas and renewable energy sectors," NewMed CEO Yossi Abu said.
NewMed have agreed a 37.5% stake in a venture (with Adarco) exploring for Moroccan offshore gas, but this is years away from producing anything. Leviathan output is now fully contracted to Israel and neighbouring Middle East countries, whose immediate energy needs are now satisfied. NewMed need a deal that gives them near-term expansion, for which they need new resources and new customers.
I just happen to have a deal, right here under my coat....
If NewMed shareholders BP & ADNOC are involved in discussions, that could slow things a little, but Abu Dhabi & UK are both best chums with Morocco. Mañana can mean later on today, tomorrow (literally), maybe next week or even next month, but almost never next year.
🐳 💲 🦖 |
Pro is also posting like a dervish on his TXP thread as the share price is falling out of bed due to mixed signals coming from the management about their ability to produce what's been promised. |
Paul is working on a deal, which is imo why testing is still not starting.
Interested party can buy in now - pre testing at X price with some risk.
Interested party can buy in later - post testing at XXX price with no risk.
Paul will balance the sales price against the left over risk.......see if the bait catches the fish. |
Heavy seller finished? |
"badger6027 Sep '23 - 15:18 - 1129 of 1130
0 0 0
It's no wonder you call yourself ohdearohdear..............."
Quite right. Is there a reason you call yourself a badger? Is it because you have short legs and eat earthworms? |
The force is strong here.
Taken from the year end results 31 Dec 2022:
"Excluding share based payments for options and warrants corporate administrative expenses were GBP1,310,909 (GBP1,323,268 for the restated period to 31 December 2021)"
The Admin costs are quite stalemate £1,310,909 (per year).
Be careful. |
It's no wonder you call yourself ohdearohdear............... |
As it stands Paul has not updated shareholders as to the current situation in terms of what progress can or cannot been made in the light of the earthquake. The equipment hasn't yet arrived, so one has to assume that everything is at a stand still. |
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