Predator Oil & Gas Share Discussion Threads

[babbler] 14/6/2021 08:53

Spud this week. Imo

[thatsmart1] 14/6/2021 08:36

Must be short of stock and trying to get some sellers.
Why a week or two for spud, the company said 17th onward that's Thursday so it could be sooner. But it will be interesting to see if investors are better at judging the date.

[jungmana] 14/6/2021 08:14

I think will be back over 20p this week, touch wood.We should spud in a week or 2

[thatsmart1] 14/6/2021 08:11

At least it has started blue today, thank goodness as it's lost about 25% or more last week.

[tinker10] 11/6/2021 14:40

Just normal trading fluctuations plus reaction to placings. Watch it rise again next week.

[croxie] 11/6/2021 14:35

Any views on the weakness of share price the last week (not the last year before someone jumps down my throat!) - people derisking before spud?

[croxie] 11/6/2021 12:55

I was hoping to top up sub 16p but price strengthening now

[bad gateway] 11/6/2021 08:18

Maybe they didn't want to lead with the 11m shares RNS after the recent placing.
Still only 266m shares so just over £45m marketcap pre drill at this 17p level. Wonder what it can achieve on the run up?

[thatsmart1] 11/6/2021 08:13

Not sure we needed an RNS to tell us the pad work had been done, we expected that it had. And to tell us there would be news of the rig next week, why not wait until then? Makes the company appear they are trying to shore up the damage done to the share price The only thing that is going to do any good is a good result at MOU-1 so fingers crossed.

[2dinvestor] 11/6/2021 07:41

Wakey, wakey!!

[croxie] 10/6/2021 18:01

Both recent placing were oversubscribed - lets not forget PG has 20% of the company so every placing hurts his pocket, hence why IMO he is only raising enough cash to get one of either the Ireland or TT projects off the ground and revenue and cash generating. News on either of these projects ahead of the Morocco drill results would be amazing...

I think there are so many things going on in the background...and i do wonder why anyone is selling now....unless you are in the fortunate position of top slicing and still able to keep considerable skin the game. this share price could do anything with the right drilling results and a deal struck in TT. It could be ££'s in weeks.

[backbone and clingfilm] 10/6/2021 14:31

Tiny Placing was likely agreed several days prior so was south of 20p.

[cmcc1] 10/6/2021 14:16

Mgt certainly have done well this year, though obviously lots of shareholders got in much later than 4p so would understandably take a slightly less relaxed view of a 25% share price fall. Genuine question: if a placement was significantly oversubscribed, does this not mean that perhaps the broker priced it too cheaply and thus caused unnecessary dilution to existing SH? Also, given the oversubscription I hope that placees with an expressed medium term outlook were prioritised.

[backbone and clingfilm] 10/6/2021 13:17

Thats drivel1

“PRD have Decimated the SP”

Really?

SP has x4 this year alone 4p —> 16p + and sits loftily near highs with a peak over 20p for a chance for a x5 for those that took it. And maybe mega multiples MORE if continue to hold.

2021 had been an investors DREAM here.

Also.

“Mmrs will hammer this knowing 10 mill share will hit the mkt.”

Really?

Do u know how minuscule 10 mill shares is?

around 3%?

Me and a couple of pi friends hold more.

Do u know it was significantly oversubscribed?

Wanting the share price lower might be ur agenda - or just pure ignorance of facts.

I wish u a good day.

[thatsmart1] 10/6/2021 12:28

Whatever, it has decimated the share price by 25% with a further drop to go quite possibly. I feel for those trapped in last weeks rise.

[homebrewruss] 10/6/2021 10:31

Sure but they will need further money at some point and better to raise it when the share price is reasonably buoyant rather than the possibility of having to raise after an unsuccessful drill.
It's prudent really, a raise after an unsuccessful drill would result in much more dilution.

[thatsmart1] 10/6/2021 10:27

The money is not needed for the drill, it for other 'opportunities', wages, daily expenses etc. He had originally said we were fully funded for the drill.

[homebrewruss] 10/6/2021 10:20

Better to do a placing before rather than after a drill with an unknown outcome though.

[thatsmart1] 10/6/2021 10:12

The placing was at the worst time possible as this appears to going down to the placing price of 15p. He may have identified new opportunities but he may be juggling with too many balls in the air. Everything now rests with the Morocco drill.
Mm's don't want any stock as they know they will soon have 10m to get rid of.

[homebrewruss] 10/6/2021 09:38

Annual report now available from the website:

[adon30] 09/6/2021 21:53

The image shows that the pad is nearing completion and the roadway has been built. None of this was visible a week ago. Some people like to actually see the progress rather than just reading about it.
The satellite image updates may also allow us to see equipment moving to the site even before an official rns is made. Would all be down to timing though.

Sometimes it is just nice to see

[homebrewruss] 09/6/2021 15:17

Sure it's not 100% but it would help me to hold into results and possibly buy more ahead of final testing, plus, being onshore a smaller amount of gas is potentially required to make it commercial.

For reference, here is the TXP flare I saw and of course it's not exactly the same as in that case we had some idea of what was likely but the price went up approx 20% when the RNS came out a couple of days later.


With the Morroco satellite imagery we can potentially get a bit more detail than Trinidad and also more frequent updates which is helpful.

[thatsmart1] 09/6/2021 15:06

Flaring doesn't necessarily mean anything as it may not be commercial and could give the impression of a success when it may be a dud. It is better to wait for the company to give the results as some people may be sucked into buying if there is any flaring.

[homebrewruss] 09/6/2021 13:25

thatsmart,
the purpose is to locate the site on satellite and then potentially identify any flare post drill but during the testing phase and prior to RNS as I did with the last TXP successful well.

[thatsmart1] 09/6/2021 13:11

Not sure of the purpose of that photo, we had a good video of the site.