Predator Oil & Gas Share Discussion Threads

[spawny100] 04/6/2021 19:16

I'm not sure I understand how moving from the main market to AIM is "logical"? Anyone else? I thought it's more usual that companies want to leave AIM and get a main market listing. It's not a positive thing to my mind.

[thatsmart1] 04/6/2021 17:51

From Malcy:

Predator Oil & Gas
PRD has just announced operational highlights and a placing of 10m shares at 15p per share to raise £1.5m which was ‘significantly oversubscribed’;. Operationally the highlights are as follows. The MOU-1 well has an estimated spud date of between 15 – 27 June 2021 and drilling is estimated to take 14 to 20 days. The MOU-1 site construction and civil works are nearly complete, a rig contract with Star Valley has been executed as is a Schlumberger Master Services Agreement.

All well services and logistical support in place, well costs in line with budget forecasts and pre-drill geological expectations firmly remain as previously reported. The CO2 EOR injection is continuing as planned in Trinidad despite COVID restrictions.

During the past few months the Company has made significant progress in developing additional business opportunities, the uses of the proceeds are as follows.

The previously announced submission in response to the call for an Expression of Interest in an FRSU LNG facility for Morocco has raised the Company’s profile in Morocco and within the global LNG downstream sector.

The previously announced C02 EOR services Heads of Agreement was signed with Massy Gas Products Trinidad – currently the only supplier of surplus liquid C02 in Trinidad. The new joint venture will raise further the profile of Predator within Trinidad and increase the rate of roll out of our C02 EOR services business.

As previously announced a Collaboration Agreement with a leading Trinidadian industrial company was signed with Lease Operators Ltd. (“LOL”) for the PS-1 Block in the Palo Seco PS-1 field to provide C02 EOR services. LOL secured a 10-year contract with State oil company Heritage Petroleum Trinidad Ltd. (“HeritageR21;) to further develop the PS-1 Block in the Palo Seco PS-1 field. Application of the Company’s C02 EOR expertise has an important role to play during the period of the LOL and Heritage contract. Lease Operators Ltd. are one of the largest private Trinidadian companies

When the Company has the ability to issue further shares the Company intends to issue Paul Griffiths 11,784,845 new Ordinary Shares and will take all necessary steps required in order to such shares and make the necessary listing and admission hearing applications. This will put Paul Griffiths back into the position that existed, in terms of his aggregate shareholding in the Company, had he not made the transfer of Ordinary Shares. For the avoidance of doubt the transfer of shares to Novum Securities Ltd from Paul Griffiths involves no consideration being paid to Paul Griffiths.

In Ireland the Company will undertake a preliminary scoping engineering study, based on its highly relevant operating experience gathered in Trinidad, to assess the previously announced potential for CO2 storage, in the “Ram Head” reservoirs in the Celtic Sea in order to enhance its ongoing application for a successor authorisation. This is consistent with the Company’s integrated strategy for Ireland to seek to reduce C02 emissions through the Energy Transition.

Proceeds raised in the Placing are being assigned to evaluating and potentially acquiring rights to the new business opportunities that the Company has recently identified together with general working capital. Finally, the company has announced its intention to move to the Aim market.

Paul Griffiths, CEO of Predator Oil & Gas Holdings Plc commented:

“This month will see the execution of the MOU-1 drilling programme in Morocco, potentially the single most important catalyst to creating near-term shareholder value over the last 3 years. Whilst this is an exciting but immensely challenging, due to COVID, operational milestone for the Company, we have also made progress on developing our upstream and downstream business activities on several fronts on three continents. We are seeking to build significant shareholder value based on our broader portfolio of projects that we have now developed simultaneously with our growth in market capitalisation. A move to AIM is now the logical next step to maintain the momentum for business growth during the Energy Transition. In 2018 we firmly positioned ourselves in a different space with the focus dominantly on C02 sequestration and the upstream gas sector, enhanced by a move into niche LNG opportunities. This was not yesterday’s decision based on changing public attitudes to excessive C02 emissions but rather a strategic focus that foresaw changes ahead for the energy industry before they crystallised.”

[hermana3] 04/6/2021 17:01

Get funding done predrill ....

[thatsmart1] 04/6/2021 16:52

MOU-1 estimated spud date between 15 - 27 June 2021

At least there was some good news, we could be drilling the week after next. It could be huge or it could be...
PG had previously said June and rather than listening to him a lot of folk thought they knew better and declared it would spud in July or even August. I see once again hyperbole has taken over on the LSE board.

[adthorn] 04/6/2021 16:49

Definitely leaky otherwise the share price would have stayed at circa 19p. The fact it went to 22p and that the RNS was a disguised placing says that the MM's knew exactly what to do this morning and rinsed the PI's who are now underwater and considering selling!!! I'm long and strong from 4.2p so won't be selling now or until Morocco results announced and I do believe that a raise now is a very good thing. Consistent raises at higher SP's each time isn't a bad thing for minimal dilution!

[mostro] 04/6/2021 16:41

Never , ever lose sight of the 20% max of portfolio in any one stock!!!!

[mostro] 04/6/2021 16:38

well my risk is close to £10,000 at present. I will add max another £3,000 ish if price goes below 15p

[tinker10] 04/6/2021 16:29

Leaky, ie instis knew what was going on, they had a great day. Thought about selling some at 21.5 and didn't, more fool me, but nothing has changed. Dilution is minimal, bring on the drill, how much to risk on it?!?

[croxie] 04/6/2021 16:23

How was it leaky?! People buying in this morning at 22p are now 4p/5p under water!

[quazie12] 04/6/2021 16:21

Not strange, looks like a leaky ship to me.

[mostro] 04/6/2021 15:57

Strange day indeed, I sold all at 20p this morning after in at 13p average. needed some positive profit in bank to be honest. watched sadly the continued rise to 22p then bang. Belly-flop down to 18p ish so I got back in with more than I sold this morning at a very unexpected 17.9p. Still think the placing is useful and fairly insignificant, with plenty more upside on good news on several front due soon!!GLA

[muckle1] 04/6/2021 14:17

Are you purple in disguise? One that has sold out and now crying into their porridge this morning.

[backbone and clingfilm] 04/6/2021 14:16

Predator Oil and Gas is an energy transition / greener focused stock in everything but name.

Incoming switch to AIM listing may coincide with a name change

Predator “energies̶1; (or similar etc etc ) just dropping the O n G tag

The New ops being considered ( as pr rns) will reflect this too

[jungmana] 04/6/2021 14:15

Let's get that drill bit turning and see what we come up with. More funds in the kitty at 15p placing

[thatsmart1] 04/6/2021 14:12

We could have done with something a little more concrete than...'Proceeds raised in the Placing are being assigned to evaluating and potentially acquiring rights to the new business opportunities that the Company has recently identified together with general working capital.'

[jungmana] 04/6/2021 14:05

Whatever is all profits. Had 800k here under 3p average and now holding 150k come rain or sunshine into the drill.Good luck punters

[hermana3] 04/6/2021 14:01

Markets get extremely nervous predrill rather than excited! Will be closer to 15p than 30p...

[jungmana] 04/6/2021 13:57

30p will be about GBP75 million market cap fully diluted and that is realistic with the numbers attached to this drill.Holding a 150k shares for the drill

[babbler] 04/6/2021 13:47

Doubt you will get anywhere near that.but who knows.

[jungmana] 04/6/2021 13:42

I think 15p is a good placing price. Get the churn done and should see a rise higher

[jungmana] 04/6/2021 13:14

Been busy all morning and happy to see a further rise. Won't be surprised to see 30p+ by spud as the crowd still aren't aware of this gem

[backbone and clingfilm] 04/6/2021 13:03

£1.5M is a very tiny raise only 10 mill shares ( Likely a couple of the larger holders here have that combined )

Sensible n brill move oversubscribed raised for the right reasons n to take advantage of a strong share price with news on all 3 key projects incoming and more irresistible opportunities opening up

[spawny100] 04/6/2021 12:44

Yes. I think news of imminent spud with such prospects is more positive than a smallish placing is negative.

[pro_s2009] 04/6/2021 12:35

Decent update and good placing price at 15p.


Operational highlights (MOU-1 drilling) and Placing to raise GBP1.5 million

Operational highlights

-- MOU-1 estimated spud date between 15 - 27 June 2021
-- Drilling estimated to take 14 to 20 days
-- MOU-1 site construction and civil works nearly complete
-- Rig contract with Star Valley executed
-- Schlumberger Master Services Agreement executed
-- All well services and logistical support in place
-- Well costs in line with budget forecasts
-- Pre-drill geological expectations firmly remain as previously reported
-- CO2 EOR injection continuing as planned in Trinidad despite COVID restrictions

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco and Ireland is pleased to announce that it has conditionally placed 10,000,000 new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 15 pence each (the "Placing Price") to raise GBP1,500,000 before expenses (the "Placing").

[babbler] 04/6/2021 12:35

Oversubscribed. Watch it bounce.