And who knows Lonny could be on Zenith books now as when he was with SDX he used Zenith to drill the wells |
Just thinking about PG's interview when he said (words to the effect of) that he had to make changes over the summer to speed things up. This, to my mind, can only mean that Lonny was replaced by Zenith so that the flow was assured asap. Lonny by himself would have taken a loooong time. And, as we know, PG is notoriously stingy, so he would not have made that more expensive decision if the assurance was unlikely. Having said that, some of the folk have opted for shares over cash, so might actually work out close to cash neutral!
I reckon that all we need to do is wait. I have waited patiently for a few years. I would kick myself if my patience wore thin, this close to the prize. |
I would also like DIVMAD to explain his swabbing as a last resort comment...ffs.. |
Could you elaborate on the "too many messed up drills and bad geotechnical decisions" please dan? Always happy to learn from an expert wherever I can.
Ta. |
Yes and predator in comparison is not ok
The story has been dragged out for too long, too many messed up drills and bad geotechnical decisions all while the board get paid |
Blimey. Just read your previous posts Dan. Are you ok bud? |
They will need to fund raise soon, as early as December? |
The force is strong here.
There's only 1 chart in town:
free stock charts from uk.advfn.com
The share price nudged back up against the long term upward trendline.
And it moved back inside the lower Bollie band (oopsy, a second chart):
free stock charts from uk.advfn.com
The next few days might be a good time to exit if the share price shadows the lower Bollie band downwards.
Interesting to watch.
Be careful. |
 Great, thanks FMS!
"Predator is currently involved in an ongoing and extensive rigless testing
programme at the MOU-3 well (in the Guercif licence) based on biogenic dry gas
being discovered during the drilling of the well. The rigless testing programme
involves several phases of testing involving the application of different technologies
to address the ability to overcome formation damage whilst drilling due to the very
high mud weights being required to effect drilling progress. The entire testing
programme will take several more months but is important as it will define the way
forward to use the existing wells drilled by Predator as potential gas producers and
to extend the current well inventory to potentially develop a larger material biogenic
gas play covering a core area of at least 68km2. All the current 2023 and 2024
drilling and testing data are currently being incorporated by management in a
coordinated study to ensure that future appraisal and development wells are
designed to overcome difficult drilling as well as targeting shallower over�pressured gas that could not be safely tested in MOU-3 due to the original well
design."
The above....is exactly what is happening. PG simply confirmed it. All going to plan. What a shame some folk struggle to read simple English and don't have the patience (or the means) to simply.......hold. looking forward to Feb :-) |
Oh, you mean how MOU3 doesn't flow commercially but they're trying swabbing now as a last resort. And how they are putting all their Guercif eggs in the MOU5 speculative wildcat drill. Yes I missed that in the last RNS. Strange that. |
Hi Ohdear
Is this what your after? |
Could someone please send me a link to the official RNS that PG put out recently, drilling the change of drilling schedule and focus now on MOU-5 in Q1 2025? Oh, wait a minute, he tried to bury the poor news in an interview with no Q&A facility. Typically bad management response. |
The force is strong here.
It's a close call as to whether the upward trendline is broken, I would agree.
It will be an interesting watch over the next few months.
free stock charts from uk.advfn.com
The sharply falling moving averages would suggest that the trendline has broken.
Be careful. |
Evening all! What a wonderfully wild ride this is :-)
Could somebody point me in the direction of the recent research note please because, from what I remember, MOU3 is going precisely as planned. Succesful perforation.... pressure monitoring over 2 months .... and now a chemical swab. All going according to plan. I think the share price blip is because the gamblers have jumped out in the hope of trading something else for a profit and then jumping back in before spud / mou3 flow results. Of course, we all know that 90% of traders lose money. Oh well....never mind :-). I am more than happy (and able) to wait.
So, could somebody please send the link? Ta. |
Disagree support not broken.
free stock charts from uk.advfn.com |
The force is strong here.
free stock charts from uk.advfn.com
The 5 year upward trendline is (just) broken.
An interesting time for the chart.
Major support at 5p and the floor at just under 2p, with other lesser stopping off points.
Interesting to see if confidence ebbing away will have an effect on the share price.
Hard to let go.
I'm still at £58.90.
Be careful. |
The force is strong here.
Trying to stabilise the share price.
Give the average knife catcher a little confidence.
There's months of that to come.
It is not going to work.
Prepare for a cold, lonely winter of shareholder discontent.
Be careful. |
Buy low sell high. Doubt sellers today got it right.
Stacks running on this share still.
MOU 5 not a wildcat as we already know there is gas and a seal and further it's absolutely giant and onshore.
Roll your dice but get the basic buy low sell higher right. |
Body is a mate and also 69.Zenith, as contractors, will get paid for what they do, but currently nothing is happening. There been a subtle shift of emphasis. Re-read the rns that trumpeted Zenith's appointment. Then relisten to that interview. We are some distance from a FDP. The oak securities broker note and the Zenith announcement were supposed to get the price up for a cheeky small raise imo (to side track mou3) and it didn't come off. Plus at that point, I suspect they were hoping for better pressure build up at mou3. If mou3 was a bit more certain, won't onhym get the swabbing unit to predator with a bit more urgency? You bet they would. Paul does not want to risk mou3 being confirmed as not (yet) commercial all imho. |
Just one q. Do you think mr boldy and zenith who I'm sure have been around the block a bit have been duped by Paul? |
No worries all the best |
Fair to say several of us have. |
Sell up then GL |
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