The force is strong here.
"you're speculating that the context has suddenly changed from participating interest of sales to 100% of cost"
I don't think that is true.
I am reading the RNS as it is written.
The "sales" relate to PREDATOR'S participating interest and tas for costs PREDATOR shall fund and operate the CNG development and production facilities.
No mention of the ONHYM 25%, whether costs of sales, but if they were "dragged along" then they would surely have to get their share of sales and pay their share of costs.
And I have said previously, it would mean Predator expect to achieve 66.7 mmscfg/d.
Be careful. |
It is time for another warning about the extremely deceitful Pro_S2009.
Newcomers to this thread,
Here is a repeat of Chris0805's warning about Pro_S2009's extremely deceitful activities on Advfn's bulletin boards/threads.
"Pro_S2009 frequently posts misinformation in order to attempt to manipulate share prices,
Pro_S2009 does this across multiple stocks and has an appalling reputation amongst most other posters.
Pro_S2009 frequently creates new threads on his/her target company and bans any poster who questions the Pro_S2009 integrity and complete lack of ethics & morals.
ProS_2009 also edits posts previously made when his / her viewpoint changes to suit his/her trading style.
...... (two sentences removed to avoid confusion) - my note
Trust the Pro_S2009 poster at your financial peril." |
" Not much research needed."
We could always use more research. Though we may not realise it's needed, as Dunning and Kruger pointed out. |
Yes, but you're speculating that the context has suddenly changed from participating interest of sales to 100% of costs.
I think the natural interpretation of that second statement is that the deal will be structured such that Afriquia will pay a price that includes transportation. And it is not decided yet who will supply the infrastructure (trucks etc.)
The language may also reflect that ONHYM's carry extends to commercial production. But at that point Predator will be entitled to recover all development costs.
"Predator has a 75% interest in this permit, with ONHYM
having a carried 25% interest in the exploration phase. ONHYM will contribute its share of costs once commercial production is declared."
p5 of above CPR.
BTW I share your scepticism of this management. But I don't want to get carried away. |
If the force is strong here why has the share price dropped from 9.75 to 9.25 in the last hour and a half?
More porkies from the crayon muncher. |
The force is strong here.
I think the evidence is in the RNS:
"Predator agrees to sell and Afriquia to off-take and purchase the CNG corresponding to PREDATOR'S participating interest in the Guercif Licence"
and
"PREDATOR shall fund and operate the CNG development and production facilities"
That's why I ask what will happen with the ONHYM 25%?
Not much research needed.
Be careful. |
Do you have any evidence regarding PRD picking up the full tab? (I'm assuming that's what you're suggesting that last quote might mean.) I think it would be Helpfull to do a bit of groundwork before posting pure speculation.
"• ONHYM has carried interest of 25% during the exploration phase but will pay its full share of development and future other costs." |
The force is strong here.
Here's a thought.
Wording is important.
"Predator agrees to sell and Afriquia to off-take and purchase the CNG corresponding to Predator's participating interest in the Guercif Licence"
It can be assumed that if Predator is talking about a contract of :
"an absolute cap of 1.4 million cubic metres per day (equivalent to 50 million cf/day) and the results of the Guercif Rigless Testing Programme and 2024 Drilling Programme"
that it expects potential flow rates of 66,700,000 cfg/d to account for the ONHYM 25% interest.
What happens to the ONHYM 25% interest?
Do they get drag along rights of have they to negotiate their own contracts?
Would they pay for 25% of the CNG facilities?
" Predator shall fund and operate the CNG development and production facilities"
Be careful. |
Helpless - what are your thoughts on a placing?Please can you crayon an answer back? ?? |
So what are people's thoughts on a placing? |
They aren't on AIM...great research:) |
Wow haven’t seen che post for years!
What’s your thoughts on IMM after all this time? |
The force is strong here.
Here's a thought.
Does anybody think that Predator, bearing in mind highly placed connections, were coerced into signing a MOU with Afriquia Gaz S.A before they were allowed to do anything else?
Be careful. |
Fat share issue again awarded to themselves, nice work for a job well done. |
Spawny If you could dig holes 1500 m deep…. They would give you good money for that… |
Wish my gardening customers would pay me £125k for digging a hole. |
Well. no delay in them getting their bonus. Well played i say... |
Yes....Trin news is next up. Should be finished end of Dec and then probably they will release it first week of Jan.....start the new year with a bang |
I’m so loaded I can hardly walk,
well, well under 10p …
Good luck to all genuine holders here..
Trinidad news next. |
Come January imo many will wish they loaded here under 10p.All I ask PG is no more delays please |
Thanks Keith for your work.
Page 16 of the last presentation (see below) gives some idea of net profit after tax. Think it may be fair to say that 50mmcfd would lead to cc $100-120m although those figures have built in trucking costs. (Sorry posted the wrong post tax figure yesterday)
Flow tests will determine how many cheap wells needed to get up to the demand. |
The force is strong here.
Yes, I am the same person as Pro-s2009.
How very astute of you.
Are you Hercule Parrot?
Be careful. |
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