Predator Oil & Gas Share Discussion Threads

[pro_s2009] 29/5/2020 07:03

Ireland moves forward..........


29 May 2020

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")

Predator LNG Ireland Limited

New business development opportunity

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco, and Ireland, announces its intention to proceed to apply for a liquefied natural gas ("LNG") import licence for Ireland following the execution of confidentiality agreements with a global supplier of LNG and an owner of LNG regasification vessels.

A new subsidiary company, Predator LNG Ireland Limited, is being formed to progress the contracting of a Floating Storage and Regasification Unit ("FSRU") for Ireland with a "send out" gas capacity suitable both for the "peak demand" gas market and for long term security and diversity of energy supply.

The FSRU solution will facilitate the import of LNG using gas feedstock from a transparent origin that is not dependent on fracking operations related to shale gas exploitation.

The offshore FSRU solution is being designed to utilise existing infrastructure, creating a very much reduced environmental footprint. Developing an LNG import and gas storage option is in line with the "European Commission's sustainable Energy Security Package" (published 16 February 2016), which includes a non-legislative European Union strategy for liquefied natural gas and gas storage aimed at improving the access of all Member States to LNG as an alternative gas source.

Paul Griffiths, Chief Executive of Predator, commented:

"We have leveraged our practical experience in creating the regulatory and environmental framework and designing the facilities and executing the sequestration of anthropogenic carbon dioxide in Trinidad to create this exciting new business development opportunity with two global players in the offshore LNG regasification sector. The strategy fits our core near term goal of becoming a carbon neutral energy company through creating increased CO2 sequestration capacity in Trinidad that is funded by maintaining an energy business with potential for future revenue growth."

[pro_s2009] 29/5/2020 01:42

You can see from the BPC chart it has a habit of going up and down in big moves. Wind in the sails at the moment but also they still need to sort funding, so you know at some stage it will reverse and go right back down again, albeit maybe not below 2p again.

I have missed the current BPC rise, but I am sure I will get another chance in the coming months back down at a lower nearer 2p price again as the sort out the fund raising.

In the same way, PRD was 6p and should return to 6p or more for spud of the Morocco well.

That would be just a 12M market cap at 6p - and think BPC is currently 72M market cap.

In the short term the massive upside chance is here on PRD, as BPC drilling results will be in Q1 2021.

[theaviator] 29/5/2020 01:27

Yes it is Pro, December there though so I expect the hype to wear off soon. This has great potential, a superb CEO and we'll, if Morocco came in then......name your price.

[pro_s2009] 29/5/2020 01:13

BPC is doing well, this is what happens when the wind gets in the sails........

The wind will be in the PRD sails once lockdown is over and the rig mobilised for Morocco, just need patience.

[theaviator] 28/5/2020 21:30

Yep BPC well over cooked now Jung. I like this one and think we will do just fine.

[jungmana] 28/5/2020 12:00

Doing the same. Will be adding here tomorrow or Monday

[pro_s2009] 28/5/2020 11:58

60M market cap for BPC as opposed to just 6M market cap for PRD.

So PRD can be a 10 bagger and then only just equal the current BPC market cap. Puts everything into perspective.

Thats why I believe PRD, on any Morocco gas success, will easily see 25p. And then, my PRD profits would go into BPC :)

[jungmana] 28/5/2020 11:55

Look at the market cap of BPC and they will not be drilling till December at the earliest. Too cheap here with 3 good projects and about to drill in June/July

[pro_s2009] 28/5/2020 08:38

Currently 3.12p to buy.

Clearly a bit of an overhang at the moment.