Certainly have with the testing so close shares at 10p have a very limited downside but a MASSIVE upside.
The share price of PRD will rise just like CRCL has done.
:) |
you pays your money you take your chance
i remember paying 2p for my holding here.
got a lovely 3 yr old Porsche Boxster 718 2.5s out of it.
Happy Days |
Pay attention to the last sentence:
" The shallow gas potential of MOU-3 has exceeded all pre-drill expectations. "
( just for balance shares will exceed 20p again after testing ). |
Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented :
"The MOU-3 well has validated our pre-drill upside forecast for sand development in respect of the main Moulouya Fan target. A gross interval of 43 metres will be evaluated by a rigless well test.
It has increased our inventory of potential gas reservoirs for a CNG development with the discovery of very shallow over-pressured gas.
It has demonstrated the possible continuity, subject to rigless testing results and a future infill well, of gas sands penetrated in MOU-1 with similar sands encountered in MOU-3. In particular the Ma Sand potential has been enhanced over a wider area with the possibility of a larger gas trap being effectively sealed covering up to 58km(2). The shallow gas potential of MOU-3 has exceeded all pre-drill expectations. |
If testing results are better than expected then expect share price to be 20p to 50p.
(just for balance) |
and if the testing results are bad expect 2 to 4p for your shares......
(just for balance) |
A very busy schedule from next week onwards , expect lots positive news flow that will keep the share price in an upward trajectory:
1) Site visit to Cory Moruga scheduled for 22 - 26 January to begin planning for well workovers.
2) Phase 1 Guercif rigless well testing scheduled to commence before 25 January.
3) Phase 2 using Sandjet scheduled for February/March.
4) Well planning for discretionary high impact Jurassic well commenced for April/May drilling. |
purple is one of many who suffer from extreme jealousy unfortunately (for him). You will notice that he also is on twitter (X) trying to get attention from grh, who never acknowledges his existence :-(
And why he has a photo of somebody else's house on his profile i have no idea....except as an attempt to keep up with the Harrison's.
Heaven knows what the scale of his jealousy will be in 3 months time.
Ps, has anybody heard from pro? |
@purple11 - rather than just a rude and valueless remark, perhaps you would like to take us through your owned detailed assumptions and calculations. Or is that far too difficult for you since you are a clueless failed gambler rather than a serious investor who makes real money? That might explain your spoilt child reaction. |
i only really am here to spur discussion!thats what these bbs are for...to find out more information about the company
any chance of making some dough and id be back in here in a flash.
bar a slight transgression whilst i brought the stock i so far have been right for the last 6 months saying there will be no ramp up in price prior to testing.testing is about to happen and the shareprice is not 20p it is unchanged at 9-10p.that was a good call. remember the market is in the bottoming process at the end of a 3 year bear market there arent many punters in the game and only good results will change the price. the fizz has completely vanished from the market.
anyway i made my small fortune here when the market cap was 2 million and the oil price was trading under 0. it is a different opportunity now and i am more interested in companies like PPP Pennpetro oil which has a 2m cap.it could well be worth your while picking up a few of those imo. gl |
I do remeber him posting that Nametrade but no harm us having a look. Page 83 in the prospectus the POSg chance of success 100% at MOU1. Remember this CPR was before MOU 3 and MOU 4 where migration,seal,reservoir and trap were still risk factors .......but not anymore :
Still worth a read though. Turbitites can be tricky but many successes have happened in turbitites. |
Great rns. What a very exciting 6 months in store. |
Mario...remember purple has sold down now....so facts are now not always necessary... |
Your own view Purple on one sand. I would say 90% on MOU1 sands given the CPR. There are many sands of course. The cpr for MOU 1 actually stated 0(zero)% geological risk. You not seen that? |
"that is total disaster in Morocco which must be highly remote"
certainly not highly remote!
whats the cos..... 20%?
odds are most definetly against you in this game.
get real |
Cheers buddy. Have a great weekend.👍28077; |
Hi Tenner,
Obviously much depends on volumes and flow rates and many other factors not least the Government of Morocco however the thought is PRD could potentially be sitting on 1 or 2 TCF discovery at MOU1 to MOU4. (I am guessing a bit but others can work it out better). The Jurassic another 1-2 TCF (maybe more). Others feel there are other prospects on the license too. We will soon know potential volumes from the oncoming IPR with a variety of probabilities of success. MOU 3 and MOU 4 were just great drills and all sands found were charged. Seemed to be gas everywhere.
Anyway if that were to all successfully come in and flow-test successfully then it would be in everyone's interest that PRD sell some, if not all, of Morocco. I think PG may prefer to exit completely and timing would affect the share price. I have a feeling from historic RNSs that PG may sell Morocco in 2024 lock stock. The Qatar gas company is in country and must be a good contender to farm-in or buy.
In answer to your question I would say 3p to £4 depending on gas results (drill and testing) timing of Moroccan sale and negotiation strength on sale. PG will then move over to Trinidad (which he feels could be as big as Morocco) and may sell the licenses in Ireland. I put zero value so far on Trinidad and Ireland. 3p I say for downside but that is total disaster in Morocco which must be highly remote.
Hope that helps. |
Mario…..I think the real Jurassic numbers will be in after the appraisal…in the sweet spot…
The numbers should be vast though..👍 |
Hi Mariopeter. I have been here since April last year with a decent holding. I have no need to sell until next year, so I am happy to ride it out. There are a few over on LSE talking TCF’s pre Jurassic too. You seem to have a good handle on this, if all went to plan, just on Morocco, with no more dilution, what share price range would you expect by year end? I understand that you cannot offer any advice, but I am getting wide variation s when I ask. Thanks and GL. |