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Investor discussions around Predator Oil & Gas Holdings Plc (PRD) reflected a mixture of optimism and skepticism as significant updates came through regarding the company's future projects. A prominent highlight was the anticipation of the company's drilling at MOU 5. Enthusiasts expressed a renewed sense of optimism based on insights from the presentations, particularly regarding the shallow gas expected to flow at MOU 3, leading some investors to believe in the potential profitability of upcoming operations. Fellow investors remarked, “The well engineer is positive the gas will flow at MOU 3." This sentiment was echoed by others who noted the CEO's focused strategy across multiple projects, sparking discussions on the effectiveness of PRD's leadership.
However, not all sentiments were positive. Some investors expressed frustration over delays in communications concerning operational updates, particularly the performance of wells and clarity regarding regulatory challenges in Trinidad, which a participant noted should have been addressed directly in recent announcements. Comments like "PG did get a bit tetchy about the perception of his RNSs" resonated with investors who craved more transparency. Despite the mixed feelings, many investors seemed willing to hold their positions, with one stating, "I keep putting my Pantheon Resources profits in Predator as it gets cheap," indicating a belief in the long-term potential despite short-term fluctuations. Overall, these discussions highlight a community that is cautiously optimistic yet defensive about their investments in the face of operational hurdles.
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Predator Oil & Gas Holdings Plc has made significant strides in expanding its operations with the acquisition of a majority stake in Caribbean Rex Ltd. This strategic investment will enhance the company's position as a producer in Trinidad, introducing restoration efforts for seven existing wells, which are anticipated to generate production revenues. Additionally, the acquisition is set to facilitate the application of Predator's patented SGN Technology for chemical wax treatments, aiming to revolutionize production techniques in the region.
The company is also progressing its drilling activities in Morocco, having commenced civil engineering work at the MOU-5 well site. This project is on schedule to start drilling operations around February 25, 2025. CEO Paul Griffiths expressed confidence in the fully-funded drilling program, underscoring the company’s commitment to advancing its near-term hydrocarbon exploration and production both in Morocco and Trinidad. To engage with investors, Predator will hold a live Q&A session facilitated by the Investor Meet Company platform, allowing stakeholders to directly interact with the company's leadership.
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Ohdear |
mariopeter,Thanks for that. I read the updates and, depending on nature of the formation and deliverability to market, it seems there could be varying ranges.Watching with interest.Cash |
Welcome to PRD cashandcard . In the last operations update 26th January they reckon if they got 1-3 mmcfpd from each of the MOU 1 and MOU 3 wells that would make it viable for cfg development. |
Read the rns's / ITR. |
What is the minimum stabilised flow required for commerciality?Cash |
I suspect we are in the middle of phase 2 testing. |
Commencing? |
We must be close to commencing testing |
The force is strong here. |
Interesting post on LSE from a trusted poster. |
In addition this comment from the 12/1/24 RNS:The discretionary drilling programme may have to be aligned with a requirement to further develop the CNG industrial gas market above the 50 mm cfgpd cap set in the Afriquia Gaz Collaboration Agreement. |
Awaiting flows and worth looking at annual post tax profit at differing levels of flows. Don't know what the max LNG demand is but been suggested 50mmcfd. I got the first two numbers from p 16 of the attached presentation below and guessed the 50mmcfd number which is not unreasonable: |
This feels like one of those few in a lifetime opportunities. The disconnect between the current value and the possible (probable?) value is simply enormous. And zero debt. |
Notice that Lonny has posted on X today (not about PRD of course...........som |
Correct...I also added today. Feels like a gift price imho!. |
Bought a few more today. |
Ok good thanks |
The share price agrees, up we go! |
The wet conditions referred to on the LSE board are likely to be slowing things down a bit. Better weather now and a good forecast so if that was the case it was only a minor blip. |
? have a very positive feeling about the outcome here. People who sold may look back with great regret when we hover over 20p... |
Are you saying it is not easy to measure flow rate or something else |
They may be evaluating the results. Or rain stopped play. |
Due an update |
Type | Ordinary Share |
Share ISIN | JE00BFZ1D698 |
Sector | Crude Petroleum & Natural Gs |
Bid Price | 5.70 |
Offer Price | 5.80 |
Open | 5.75 |
Shares Traded | 1,728,723 |
Last Trade | 08:00:19 |
Low - High | 5.75 - 5.80 |
Turnover | 0 |
Profit | -4.82M |
EPS - Basic | -0.0079 |
PE Ratio | -7.28 |
Market Cap | 35.18M |
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