Predator Oil & Gas Share Discussion Threads

[pro_s2009] 27/5/2020 09:46

Yes, certainly for me 6p to 10p pre-spud (depending on other EOR news from Trinidad) is possible...........and then any success with the Morocco drill then 25p levels would be achievable.

Ireland, Paul has said.....its moving, and its moving faster than they expected, BUT.........nothing in the short term. End of the year/late this year, possibly for Ireland.

[jungmana] 27/5/2020 08:59

My own view has always been 6 to 12p by spud then 20 to 40p on a good discovery.Add Trinidad and a Ireland Farm out and we could see 60p+ this year.All imo.

[pro_s2009] 27/5/2020 08:57

Ye of little faith.

[purple11] 27/5/2020 08:19

that's true!im out about a week before spud

still think 25p is too low.intraday I reckon it would do about 40p

[grannyboy] 27/5/2020 08:15

purple11 now don't you be worrying your pretty little head about the 25p t.p being to low, you'll be out well before the drill result..

[pro_s2009] 27/5/2020 08:15

Thats for developed resources...........not undeveloped, not appraised just discovered.

There will be appraisal wells to be drilled, there will be development costs - these will be done via farm out (meaning the PRD % goes down a lot).

So 25p post discovery of any gas is fair imo...........dont listen to rampers trying to push a developed, appraised mature gas field price on a yet to be drilled propsect.

[purple11] 27/5/2020 08:12

surely 25p is way too low a figure...

SLR indicate an unrisked value of US$ 1.95 million per BCF for developed Moroccan gas giving an unrisked range of values for the Company's Moulouya_1 Prospect of between US$624 to 1,285 million, clearly demonstrating management's risk/reward business development strategy

UNRISKED share price = $2.6 TO $5.35

[pro_s2009] 27/5/2020 01:30

If Morocco comes in, then yes, 25p easy...... If you value Morocco at 50p and then half that with a farm out of 50%.......that gets you 25p easy.

The upside on success is highly significant, all you need is lady luck on your side and hit gas.

[theaviator] 26/5/2020 18:07

Equal minds then. That's the kind of value you are talking about with things going smoothly.

[ynwa 96] 26/5/2020 17:13

That's what utr said..50p by Xmas !

[theaviator] 26/5/2020 16:53

Don't be surprised if this is between 30-50p in the not too distant. Yes I said that correctly. Go figure...

[pro_s2009] 26/5/2020 14:06

Higher high on the chart for the short term trend. Going to be a few people offloading for a quick profit, so a bit of consolidation again around the 3p level and then off to 4p it should go.