Predator Oil & Gas Share Discussion Threads

[helpfull] 28/7/2022 10:17

It's interesting how much ado was made about a director buying £50,000 worth of shares at 9p in a cash raise. And how little is said about a CEO reducing his holding in the company by 1,785,700 shares or about three times as much.

Be careful.

[helpfull] 26/7/2022 10:17

The "60 days" was mentioned in the 12 May 2022 operations update. Obviously 60 days have elapsed since. But the "60 days" was only a proposal. No start date was given so no end date is appropriate.

Be careful.

[goofedagain3] 25/7/2022 17:39

Is the 60 days up yet? Or does anyone have a clue what's going on re financing, JV, potential placing etc? The markets are letting this drift down and further down again. Its like Groundhog Day!!

[helpfull] 22/7/2022 13:31

RNS dated 19 Jul 2022:

"The extreme western feather edge of the Moulouya Fan was penetrated in MOU-1 located approximately 8 kms. to the southeast of the new step-out well"

States quite clearly the step out well is northwest of Mou-1, give or take a few. Yet Mou-1 is the "extreme western feather edge of the Moulouya Fan". Why drill further west? Or even suggest it?

Where do you think Mou-2 is? Don't be shy. As far as I know there is no rule about the number of posts that can be made.

Be careful.

[2dinvestor] 22/7/2022 13:13

A couple of observations for some balance this thread.You post on here a lot.Your last post is not strictly comparing like with like.You unhelpfully (see what I did there) failed to include the following information from this weeks ops update."The Company is in the process of completing local permitting for the second of two alternative locations for the step-out well to the MOU-1 well which was completed for rigless testing in 2021. The final location will be agreed following the integration of reprocessed 2D seismic data that have recently been received. Civil engineering works will commence this month to construct the well pad for the step-out well now designated MOU-2."I'll leave you now to get back to keeping us updated on here, but may pop back from time-to-time to highlight when you're not living up to your name.ATB. 

[helpfull] 22/7/2022 10:22

Where is Mou-2? Does anyone know?

RNS dated 19 Jul 2022:

"The extreme western feather edge of the Moulouya Fan was penetrated in MOU-1 located approximately 8 kms. to the southeast of the new step-out well"

Mou-2 is therefore 8 kms. to the northwest of Mou-1 isn't it? Or is it?

RNS dated 13 Jan 2022 informs shareholders where Mou-4 is:

"the MOU-4 step-out well 8 kms. to the east of MOU-1"

although it was to the northeast in the RNS dated 6 Jul 2021:

"the previously defined MOU-4 location later this year to the northeast of MOU-1"

The NS update has a pictorial representation with Mou-4 and Mou-5 to the eastnortheast of Mou-1. So Mou-2 cannot be Mou-4 or Mou-5.

And the update on 19 Jul 2022 informs that Mou-1 is the:

"extreme western feather edge of the Moulouya Fan"

so there is no point in drilling a well any further West to test the Mou-4 fan. How can Mou-2 be northwest of Mou-1? What is the point? Where is Mou-2? Anyone know? Predator doesn't appear to know.

Be careful.

[doerx2] 21/7/2022 13:44

Got to laugh at this con

[chopsy] 21/7/2022 13:27

Yes, I agree.

[pro_s2009] 21/7/2022 13:04

Well, a lot more people now seem to be thinking that a fund raising is coming to pay for MOU-2 drilling.......they should have thought of that on Tuesdays news like some of us did.

[helpfull] 21/7/2022 12:24

Is that a red flag?

The CEO shareholding going down. Doesn't he know about the 19 Tcf? Nineteen and rising daily. How long has H2Green Power Ltd held the shares for? Anyone know? Wasn't there an "indicative valuation" of 146.5p per share given the other day? Who produced that? Has a potential £2,455,337 been given up? Or not? All that early monetisation? Who would have thunk it?

Be careful.

[pro_s2009] 21/7/2022 11:50

21 July 2022

Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas

Predator Oil & Gas Holdings Plc

(the "Company")

Director / PDMR Shareholding

The Company announces that it was informed on 19 July 2022 of the sale by H2Green Power Ltd ("H2Green") of its shareholding of 1,785,700 ordinary shares in the Company at a price of 9p per share on the same date.

The sale of the holding was executed to remove any potential conflicts of interest between the two entities and to provide funding for the development of H2Green's business.

Paul Griffiths, the Executive Chairman of the Company is a director and significant shareholder of H2Green.

[nametrade] 20/7/2022 12:28

You can read the latest RNS as well as the next. Take from it what you want. You can twist it either way….
You know that we are not going for that bigger raise in any event… you just don’t want to loose face…

[pro_s2009] 20/7/2022 11:36

AIM market appears to have bounced off its bottom.........all being well we shall see a strong Sept/Oct/Nov/Dec with solid rises across the board as everyone gets bored of interest rates rises and the risk of recession is kicked down the road with earnings reports still looking good.......... Just got a few more weeks of boredom and lack of volume in the market before it all kicks off and boom times return to many stocks imo. Buying the bottom.


free stock charts from uk.advfn.com

[helpfull] 20/7/2022 11:30

It certainly changes direction often enough. You only need to read the RNS history to see that. Does your "maybe" inform you if the company still intends to drill(now) 4 wells this year's which I think might require $13,200,000 of funding? Or have the 4 wells been nibbled down to 1.

Be careful.

[nametrade] 20/7/2022 10:24

Maybe they are suggesting to the farmees that they can do it without them, hurry TFU and decide as we will be doing it this year with or without you.

You obviously don't like the fact that this is a small and nibble company that can think on its feet and change direction for the benefit of its shareholders quickly.

[john henry] 20/7/2022 09:23

Of cause it's bloody clear read the latest update.Yes they will need a little top up to raise a few extra quid for MOU2

[chopsy] 20/7/2022 09:18

I agree, the financing of the drilling is crucial, placing or farmout. Whether MOU 4 and 5 are now delayed is not clear, but I think they have changed course and going for early production from 1 and 2 via CNG as described. 4 and 5 later on when more financing options arise.

[danmart2] 20/7/2022 09:15

Pro

I make it you are correct

Further funding will be needed hence why I don’t expect the share price to move in the short term

[helpfull] 20/7/2022 09:02

What has porosity and Darcy to do with planning and funding?

The point from the RNS was that there is one consistency. That there is no consistency. The plan has changed (again). Mou-1 has not been tested. Still. Mou-2 is now the main thrust. There is no funding coming from the off takers of the gas. The 60 days period has been ignored. How Mou-2 is to be funded has been ignored.

The share graph still indicates 4-5p might be on the cards.

Be careful

[pro_s2009] 20/7/2022 08:59

Yes..constructing a well pad is one thing. They are also doing MOU-4 and MOU-5 well pads.

Thats cheap and simple.........the actual drilling of the well is a different matter and currently they only have funds for rigless testing of MOU-1........so they need to raise further funds to drill MOU-2 and then do rigless testing of both MOU-1 and MOU-2.

Thats the way I see it.

[john henry] 20/7/2022 08:54

Therefore explain this paragraph from the update Civil engineering works will commence this month to construct the well pad for the step-out well now designated MOU-2.

[pro_s2009] 20/7/2022 08:29

They dont have the funds to drill MOU-2..........

The money they raised was as detailed in the RNS




There is no mention of drilling MOU-2 - no funds have been allocated for it ?

[john henry] 20/7/2022 08:22

Did you not read the update ? drill one well MOU2 test and flow MOU1and MOU2 if all good they will put into production.