Predator Oil & Gas Share Discussion Threads

[pro_s2009] 02/6/2020 09:31

WTI now over 36$ (Brent over 39$)

[pro_s2009] 02/6/2020 09:13

NATURAL GAS NEWS
PREDATOR LOOKS TO SUPPLY IRELAND WITH LNG
Jun 1, 2020 11:25:am

SUMMARY
The company has reached confidentiality agreements with a global LNG supplier and the owner of a regasification term...................

[pro_s2009] 02/6/2020 01:35

Predator Oil & Gas

Predator have commented on an operational update from Columbus this morning saying that CERP has started Phase 2 of the CO2 Pilot Project in the Innis-Trinity field. The immediate objective is now to maintain CO2 injection at the optimum rate of 9 MT per day in accordance with the pre-injection reservoir engineering recommendations. This enables the company to closely monitor and calibrate parameters to control downhole pressure and temperature conditions to maintain efficient continuous injection.

The work in Trinidad is clearly going well, in particular as a concern has always been the integrity of the very old wells, some at Inniss Trinity are over 60 years old but are being receptive to CO2 injection. It also goes a long way to confirming the low level of capital investment required for utilising existing wells without any new drilling, very important when considering the potential scale up in Trinidad.

I asked Paul Griffiths, Predator CEO for some additional comments about this project, I think it is worth repeating them in full below.

‘Successful CO2 sequestration has always been a strategic component to the business model. Trinidad like most countries recognises the importance of the impact of climate change. Promoting greener credentials is important for attracting future investment in a post COVID-19 scenario. Demonstrating a successful carbon-neutral CO2 EOR project would be a practical example of how the transition to greener energy dependence could be financed in the short term for an economy mainly dependent on historical industries for its economic well-being.

The value of CO2 sequestration and the scope for potential carbon credits is not quantifiable at present. However if governments are serious about capturing and sequestrating CO2 until greener energy dominance prevails, then they must put more effort and resources into providing a truly global carbon credit trading platform, based in London preferably of course where the trading expertise exists, to facilitate ethical investment in projects that are seen to meet the desired objective of reducing anthropogenic CO2 emissions whilst at the same time cushioning local economies during what will be a complex but essential transitional process.’

I am not sure that the market has yet any idea of how, by becoming one of the leaders in the development of carbon storage capacity in Trinidad, an intangible value could be created for Predator. A carbon-neutral CO2 EOR project would be an efficient and practical way of moving oil companies towards the goal of ethical investing in fossil fuels, Predator may be that vehicle…

[pro_s2009] 02/6/2020 01:19

BPC will be very exciting when they drill, but thats next year. BPC will crash down again when they next fund raise, the key there is always selling the top of the spike and then buying back in again after the fall. Happened so many times, just look at the BPC chart.

[jungmana] 01/6/2020 16:51

I agree. This is no brainer at 3p especially compared to bpc.

[pro_s2009] 01/6/2020 13:52

BPC current market cap is 80M GBP. And they still need to raise funds to drill.

PRD market cap is just 6M GBP.........

PRD can go up 1000% and still be valued below BPC........and the gas well in Morocco is big. PRD are fully funded and have Trinidad as a steady business with Ireland as upside as well.

BPC is fine, but at the current price, with funds needed still and no drilling results until 2021........its too high for me.

[thatsmart1] 01/6/2020 10:35

Why not take a look at BPC as it's rising nicely now. From today's RNS:

'...Shareholders should be equally encouraged by the relatively strong financial position we are in as we look forward to drilling operations at the end of 2020.'
'...I believe that toward the end of 2020 we will be back on track toward our unwavering objective of drilling an initial exploration well in The Bahamas, and seeking to realise the enormous shareholder value a successful discovery could unlock.'

[eggchaser] 01/6/2020 10:28

My thoughts exactly!

[pro_s2009] 01/6/2020 08:27

EggChaser, yes, phase 2 is optimised based on phase 1 results and must now deliver the expected results. Obviously things are going to plan for phase 2 to commence.

If Phase 2 proves very viable and valuable, then it would be no problem to raise funds for PRD - this would be cash to buy production and cash flow and reserves, very easy to fund that.