Predator Oil & Gas Share Discussion Threads

[hsfinch] 19/7/2021 14:15

Nice to see this falling back. Still a way to go though.

[mynameiskhan] 19/7/2021 14:05

Finally, PRD have raised GBP 1.3m at 5p.Not a great price.

[pillow] 19/7/2021 14:05

Placing right on cue as predicted.

[pro_s2009] 17/7/2021 02:32

PRD has followed a predictable pattern, whilst I admit I sold out too early at over 6p, I was actually buying at 1.8p, so........

Its all about Risk/Reward ratio with AIM companies, if the Risk is high you must offload before the drilling result. If the risk is low, you can hold through.

TXP had a boo-boo with the Chinook well recently, cutting the share price in half as currently there is a 9 million share short position holding the price down. However, they have proven reserves (yes, discovered and flow tested and independently certified and coming on stream in the coming 12 months) worth 150p a share. They are due to spud the Royston-1 well soon, which maybe 1TCF or larger in size, and worth anything up to 150p+ on the share price. Thats what I call a good risk/reward as, provided you can wait, you have 150p a share of proven reserves currently selling at 90p....with a further 150p a share about to be drilled.

So even if Royston is a duster and the share price falls again, you only have to wait 12 months and you will see 150p+........so there is minimal risk and plenty of reward for someone with money to INVEST....not short term trading.

PRD will remain high risk due to funding going forward, I would be a buyer in a placing at 5p or less, the lower the better in reality as the next well will also be a higher risk to reward ratio. Things will only change once they get their first commercial success with a flow tested well that gives the certified reserves.

Interesting times for PRD, I think the market will support a fund raising for another well, but if the next well for PRD is also non-commercial then Morocco will have been the graveyard for yet another company..........

[purple11] 16/7/2021 18:21

The good life

[jungmana] 16/7/2021 13:35

Must also tell shareholders what the last fund raise money was for.

[jungmana] 16/7/2021 12:46

The silence from Paul is deafening. He should give an interview and explain the results of this well and plans going forward in Morocco. I think value at 5p share price would support Trinidad and Ireland

[jungmana] 16/7/2021 12:46

The silence from Paul is deafening. He should give an interview and explain the results of this well and plans going forward in Morocco. I think value at 5p share price would support Trinidad and Ireland

[2solaris] 16/7/2021 09:51

All a bit sad here, looks like yet another disastrous day. I wonder when it will bottom out. To answer my own question - when uncertainty goes away as it seems uncertain if they can afford to drill again and uncertain how much they will have to raise if they do go ahead. T&T is another uncertainty and no news is not necessarily good news.
It may be worth dipping in again if they do drill MOU-4 but not until all funding is in place and 3p maybe a better price than 6p.

[sbb1x] 14/7/2021 20:42

Hi people When is next drill here...?Thanks in advance

[hermana3] 14/7/2021 19:02

Wee Griffiths is keeping a low profile and when an oily promoter does that the market takes a wee bath.

[gunsofmarscapone] 14/7/2021 18:35

Just catching up with this, very strange almost slimy drill update rns, wtf is Griffiths doing?

[john henry] 14/7/2021 13:11

Those investors were flippers from a bucket shop placing. Believe me they are long gone.

[spawny100] 14/7/2021 11:30

There's still some delusion on the l s e board with people bigging MOU-1 up as a "Success" and the RNS was opaque on purpose as it wasn't for mere mortals like us but for industry! All the while trying to offload their millions of shares I suspect in some cases.

[honestmarty] 14/7/2021 11:04

This isn’t looking too chipper.

Fundraising incoming?

[pro_s2009] 14/7/2021 09:11

Not currently. If its get to 5p, maybe.

[horsewood] 14/7/2021 09:02

Are you buying again Pro?

[oliversydney] 14/7/2021 08:56

Only just over a month since oversubscribed placing at 15 pence which can not be going down well with those investors
But for new investors could be buying opportunity ?

[pro_s2009] 14/7/2021 08:31

On its way.

[backbone and clingfilm] 13/7/2021 13:26

B*lls of steel are required wen the share price drops.

BUT

Sentiment can turn in a flash.

CEO is largest shareholder

NEAR 20%

Expect him to be quickly proactive.

Whatever that brings.

It’s in our best interests and his.

Trinidad. Ireland. Morocco.

ALL maybe monsters.

[purple11] 12/7/2021 21:02

Reality is the Bug that Bites
It was a duster.

[thatsmart1] 12/7/2021 19:12

Not sure the new board member will be much help looking at the SDX chart, it has plummeted from 50p-60p to about 15p over the last three years!

Their mkt cap is only £30.5 and after the last three wells drilled before PRD the CEO said, ...' We are very pleased that our three appraisal/ development wells drilled in Morocco are commercial successes, with two of the wells already connected and producing, contributing to average production of 5,930 boe/d for the period, above our 2021 guidance.'

A bit better than 'gas shows'.