Predator Oil & Gas Share Discussion Threads

[spawny100] 21/5/2022 21:07

Not true Pro. I just filtered you to test if I am still able to post here. And I am.

[pro_s2009] 17/5/2022 15:34

L2 strong at 5 v 1

[pro_s2009] 17/5/2022 12:46

PRD perking up.......nice to see.

Will go ballistic when/if the farm out deal is done.

Suddenly 3 high impact onshore wells.....all to be done this year.

50p target if the farm out happens and drills success.

[pro_s2009] 17/5/2022 03:29

If you dont like an O/T post, then ignore this.

A little O/T post for those that love a high risk high reward "punt" as I do. I know many people hate these boom or bust plays, but a lot of us love lottery tickets. The previos high risk baby EME failed, this is the next one for the do or die moment.

So, the new kid on the block is CLON (Clontarf) who have a 10% stake in the massive Sasanof-1 well due to spud in a weeks time.

CLON up 40% yesterday, so the hot money is moving in, however the market cap is only 14 million even after yesterdays rise - so it remains "cheap".

P50 figures for Sasanof-1 are

24 TCF & 1.1 Billion bbls of condensate in place

7.2 Tcf gas and 176 Million bbls condensate recoverable

(Best case is 17.8 Tcf and 449 Million bbl recoverable)


Its a 10 bagger drill, the potential is summed up by Alex Parks in this presentation he did very recently (he is the CEO of one of the partners in the drill)



.

There is great demand for more gas and condensates to keep the NWS LNG plants running and the success case here should result in a major snapping up the discovery to develop it asap.

Sasanof-1 is in the IHS list of the top 20 high impact wells.

Value of Sasanof-1 in the success case would be around 11 billion A$. And CLON would have 10%. Market cap today is just 14 million pounds.

Its a 10 bagger drill, result should be around mid June, if you like this kind of thing take a look, and if not, so be it.

[nametrade] 16/5/2022 16:34

john henry16 May '22 - 16:22 - 1655 of 1655
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So you think PG is going to give away 33% of the PRD license for a Poultry £5m squid. I don’t think so lol

Who is this in reply to?

[john henry] 16/5/2022 16:22

So you think PG is going to give away 33% of the PRD license for a Poultry £5m squid. I don't think so lol

[quazie12] 16/5/2022 08:18

PMSL are you a complete novice or what ? Clearly whoever you work for hasn't checked your postings before they paid you. Now trott on sonny and go and learn from better paid trolls

[theonewhoknows2] 13/5/2022 11:50

sure they have.....

[nametrade] 13/5/2022 11:41

But not in this case as they have identified two potential candidates and will choose. They then have 60 days to make their minds up..

[theonewhoknows2] 13/5/2022 11:36

farm in could take years.....

[quazie12] 13/5/2022 10:34

Without doubt but I would be happy for them to come back and do another small raise rather than have to depend on a deal being done. This Board not daft, PG is a good dealmaker, he will do what is right for shareholders

[pro_s2009] 13/5/2022 02:43

nametrade, if the farm in partner were to pay 100% of costs, then wonderful, but I dont see that happening. So there will be another fund raise, but likely in the 15p to 25p a share region imo.........

[cool hand kev] 12/5/2022 18:39

Okay thanks, but perhaps a JV or farm in would be sufficient?

[quazie12] 12/5/2022 17:16

Not quite Kev. My interpretation is that they have sufficient cash for rig and equipment onto site but not to finance the drill itself

[nametrade] 12/5/2022 16:36

12 May '22 - 12:25 - 1641 of 1645
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No idea....needs Paul to give a figure really...which he will not of course at the moment.


In that case, don't you think it's a bit stupid to be talking about fund raising....

[quazie12] 12/5/2022 15:48

Why dont you just open a short then, move on and stop boring us with juvenile comments. Its quite clear what the management are trying to do by proving up assets. They have operated on a shoestring so far, their ambitions are heavily aligned with retail investors. PG is a major shareholder. If in your words something is fishy then state it or clear off

[theonewhoknows2] 12/5/2022 14:11

IF they get a farm in

Big IF

[pro_s2009] 12/5/2022 14:07

Only fully funded for the current work plan........not including the 3 new drills.

[cool hand kev] 12/5/2022 12:43

Didn’t they say in today’s RNS that they are fully funded?

[pro_s2009] 12/5/2022 12:25

No idea....needs Paul to give a figure really...which he will not of course at the moment.