Predator Oil & Gas Share Discussion Threads

[quazie12] 06/7/2021 19:40

GrahamCan that doc be easily accessed ?CheersQ12

[hsfinch] 06/7/2021 15:57

If you bought in January for 3p, you're still holding a two and a half bagger!! The crazy world of oilies.

[jungmana] 06/7/2021 15:51

Sell this and get EVE. That one should double soon imo. Trading update due next week£25m of revenue, no debt, 18% annual growth , cash of £8.4m, £12m market cap, recent director purchases, entering CBD space etc etc.

[spawny100] 06/7/2021 14:34

This well is a duster imo and a huge disappointment Graham. All the reading in the world won't change that.

[jungmana] 06/7/2021 14:21

Am afraid could see 5p here in the short term before it stabilises.

[grharrison] 06/7/2021 12:43

A couple of observations:

1...
I posted several times that folk would do well to study the SLR CPR that was produced in March 2012 for Pathfinder
I am unsure that many folk bothered

Following today's RNS
may I urge people again to become very familiar with that document...

it is instructive when read against today's RNS

2...
I hold more shares here than at any time

Regards
GRH

[john henry] 06/7/2021 12:25

Absolutely huge potential in this CO2 EOR services business going forward.

Reason i added 800,000 shares today

AIMHO

[john henry] 06/7/2021 12:23

Trinidad

Inniss-Trinity C02 EOR

C02 injection recommenced, after receiving all regulatory consents and permits, at the AT-5X well on 1 April 2021.

By 18 May 159.7 metric tonnes of C02 had been injected, compared to 461.73 metric tonnes in 2020. Cumulative volume of C02 injected for 2020 and 2021 as of 18 May 2021 is 621.43 metric tonnes.

C02 injection has only been conducted during daylight hours to align operational activity with local COVID-19 restrictions and recently introduced lockdown curfews.

Based on the results of the 2020 Pilot C02 EOR project and reservoir engineering forecasts, it was estimated that an average daily C02 injection rate of 10 metric tonnes would be needed to increase reservoir pressures to the required level in order to optimise enhanced oil production. However based on the real-time downhole reservoir pressure data collected from 1 April to 18 May 2021, the rate of reservoir pressure build-up at AT-5X appears to be moderately more effective than the pre-injection forecasts predicted. This is despite the smaller cumulative volume of C02 injected compared to last year. As a consequence of these unexpected but positive results to date, the current C02 injection programme will remain unchanged, but closely monitored, for the immediate future.

Based on the 2020 Pilot C02 EOR data, the potential impact of C02 injection on enhanced oil production will not be realised until at least 62 days from first C02 injection on 1 April 2021. Further analysis of the results and the impact on enhanced oil production at the monitoring well will therefore be carried out in June. Previously identified wells requiring workovers to return the wells to production will be prioritised at that time based on those wells showing the first response to cumulative C02 injection.

Heads of Agreement for C02 EOR Services

Predator Oil & Gas Trinidad Ltd ("POGT") has executed a Heads of Agreement (the "HOA") with an operator of onshore licences in Trinidad with significant oil production The HOA provides the framework and milestones to be achieved for the provision of POGT's C02 EOR Services and know-how to design and implement a C02 EOR project for sands within the Cruse Formation in a part of a producing field identified in the HOA.

[joey1998] 06/7/2021 12:15

I’ve seen zero “clueless comments” on here. MOU-1 is central to the business for god’s sake! And it’s basically a duster in all but name! Maybe that will change IF they drill MOU-4, maybe the other projects will come good, who knows. But there is also the chance they will remain as “projects̶1; for the next five years. That’s what happens a lot with these types of companies.

[spawny100] 06/7/2021 11:55

Well I'm out here for now. Was surprised to get nearly 9p. Thought they'd collapse further.

[thatsmart1] 06/7/2021 11:54

john henry. Please quote some reassuring figures from T&T and by that I mean: how much has it already brought in and how much is forecast for this financial year and the next?

[swanvesta] 06/7/2021 11:48

Have a look at the volume today. That should tell you what the main driver of the business is/was.

[joey1998] 06/7/2021 11:45

If there was an open bar at the AGM, they'd probably downed a few whiskies to drown their sorrows so it got missed!

[john henry] 06/7/2021 11:43

usual clueless comments, seems that peeps are forgetting the main driver of the business ST being Trinidad.

[thatsmart1] 06/7/2021 11:41

They could have checked the RNS so that it didn't contain this out of date section.

...'A drilling programme, subject to the lifting of COVID-19 restrictions, targeting material prospective gas resources is scheduled for Q2 2021.'

[joey1998] 06/7/2021 11:39

Steady rise? Why would it do that? It's more likely that it'll go the other way as there will probably need to be a placing for MOU-4 (assuming that happens). That's why resolution #4 was on the AGM sheet after all!

[sidny1] 06/7/2021 11:29

Hopefully steady rise now

[sidny1] 06/7/2021 11:29

AGM results out

[joey1998] 06/7/2021 11:13

Lol……. Don’t know ……. What you mean? ….. ;)

ATB

[thatsmart1] 06/7/2021 11:12

Isn't he an actor who just plays different parts?

[joey1998] 06/7/2021 11:08

Where’s Michael Caine when you need him? ;)

[honestmarty] 06/7/2021 11:05

Any cash left here?

Death spiral finance next???