Predator Oil & Gas Share Discussion Threads

[helpfull] 07/12/2023 15:42

The force is strong here

hxxps://www.msn.com/en-us/news/world/energean-plc-enters-morocco-giving-hope-amid-israel-morocco-tension/ar-AA1l9qyk

Be careful.

[mariopeter] 07/12/2023 14:33

Oh yes and SDX chasing bubbles and redirecting to green stuff in their recent rns.

[mariopeter] 07/12/2023 14:28

Bit surprised at Chariot's farm-in on Morocco assets today. The partner has a market cap of $4b and net debt of $3.9b. Be quite a while before that gets off the ground if you ask me. That's why the CHAR share price is down today. A seemingly poor farm-in but leaves the Moroccan market open for PRD. Reminded me of Premier and Rockhopper.

[mariopeter] 07/12/2023 11:20

Am looking forward to the CPR from Trinidad this month and was intrigued that it could be as big as Morocco (presumably without the Jurassic proved up).

In my head, Morocco (if she flows well) is capable of producing $120m post tax a year on CNG alone.

Anyway we glean from PG just how big Morocco is currently from the hopeful numbers in cpr on Trinidad . Bit of an oxymoron.

That's my interpretation. Circumstances being normal, can only see upside on the share price this month in the lead up to this revelation of a cpr from Trinidad.

Good things come to those who wait.

[mike290] 07/12/2023 09:00

Here is another warning, from another trusted poster, about Pro_S2009's extremely deceitful activities on Advfn.

With Thanks to "Darcon" this time.


"WARNING!

pro_s2009 often gives large numbers of plus1 coins to his own posts to display his mendacious content immediately below this thread header."


Please don't say that I didn't try to warn you.

[mike290] 07/12/2023 08:59

Here is another warning, from another trusted poster, about Pro_S2009's extremely deceitful activities on Advfn.

With Thanks to "Darcon" this time.


"WARNING!

pro_s2009 often gives large numbers of plus1 coins to his own posts to display his mendacious content immediately below this thread header."


Please don't say that I didn't try to warn you.

[tarby1] 07/12/2023 08:35

Wonder if the 25 Tcf crew are loading up at these low prices?

[ohdearohdearohdear] 06/12/2023 12:05

The second RNS wasn't about free shares, bonuses or options as far as I can see. Carl Kidinger bought a further 210K.

[helpfull] 06/12/2023 11:52

The force is strong here.

Ah! A second RNS!

Right on time.

Now the management team can get back to the serious business of thinking up the next excuse for delaying testing.

Especially the testing of Mou-1 after two and a half years.

My bookmaker won't take my bet that no testing will happen in January 2024.

He will take the usual "Elvis will be found working in a Dorking supermarket" and "aliens with 3 eyes and frog legs will have the Christmas number 1".

Be careful.

[helpfull] 06/12/2023 08:56

The force is strong here.

Some things management does well.

Free shares, bonuses and options.

Always on time, unambiguous and plentiful.

Be careful.

[pro_s2009] 05/12/2023 03:41

Mike290 and sirmark and markliddiard.......all related and should be filtered.

[helpfull] 04/12/2023 15:49

The force is strong here.

No, I can't.

And I think it has yet to be decided, according to the RNS, by negotiation.

It would be better for Predator shareholders, obviously, if it was Afriquia so that Predator could concentrate on drilling.

Be careful.

[swanvesta] 04/12/2023 15:38

Just a suggestion:

Mike290
4 Dec '23 - 11:22 - 6486 of 6487 (Filtered)

[swanvesta] 04/12/2023 15:34

All right, I wasn't clear:

- IMO the 50 mmcfg/d should be regarded as upside, not expectation.

- IMO the CPR states that PRD pays 100% of development costs up front, and recoups 100% of these costs from proceeds. That's how ONHYM covers its 25% share, which seems quite normal in a carried situation. I shouln't have said PRD will "end up with" 75% of development costs, it's not how it works.

By the way, I'd like to correct my understanding of who bears transportation costs/funding. The RNS says purchase is on delivery to the CNG trailers, which suggests PRD will not be responsible for transport. However the MOU suggests either party may fund the purchase/leasing of the trucks/trailers, and the final terms will adjust for that. I would have thought Afriquia would be much better placed to sort out transport, as well as source funding for it, so I'm not sure I have this right.

Can you add any clarity?

[helpfull] 04/12/2023 13:53

The force here is strong.

"And I have said previously, it would mean Predator expect to achieve 66.7 mmscfg/d."

Might be better to see that as upside potential rather than an expectation"

No. To sell 50 mmcfg/d Predator must produce 66.7 mmcfg/d.

If they only produced 50 mmcfg/d, 25% of that would belong to ONHYM and they wouldn't be allowed to sell it without an agreement. There is no such agreement.

So they have to produce 66.7 mmcfg/d.

The question is what happens to Onhyms share.

And Predator states in the RNS it is finding the cost of the facililities. There is no mention of ONHYM at this stage.

Be careful.

[swanvesta] 04/12/2023 13:35

OK. I'm saying, if the project is commercial, Predator will only end up with 75% of the development costs. And if the tests or contractual terms suggest it isn't commercial one might reasonably assume they won't go ahead. Are you suggesting (that the RNS allows for) anything different?

"And I have said previously, it would mean Predator expect to achieve 66.7 mmscfg/d."

Might be better to see that as upside potential rather than an expectation.

[pv1972] 04/12/2023 11:58

Pl give it a break Mike

Tiresome in the extreme

We are all grown ups and make our own choices

Thank you

[helpfull] 04/12/2023 11:25

The force is strong here.

"you're speculating that the context has suddenly changed from participating interest of sales to 100% of cost"

I don't think that is true.

I am reading the RNS as it is written.

The "sales" relate to PREDATOR'S participating interest and tas for costs PREDATOR shall fund and operate the CNG development and production facilities.

No mention of the ONHYM 25%, whether costs of sales, but if they were "dragged along" then they would surely have to get their share of sales and pay their share of costs.

And I have said previously, it would mean Predator expect to achieve 66.7 mmscfg/d.

Be careful.

[mike290] 04/12/2023 11:22

It is time for another warning about the extremely deceitful Pro_S2009.


Newcomers to this thread,

Here is a repeat of Chris0805's warning about Pro_S2009's extremely deceitful activities on Advfn's bulletin boards/threads.


"Pro_S2009 frequently posts misinformation in order to attempt to manipulate share prices,

Pro_S2009 does this across multiple stocks and has an appalling reputation amongst most other posters.

Pro_S2009 frequently creates new threads on his/her target company and bans any poster who questions the Pro_S2009 integrity and complete lack of ethics & morals.

ProS_2009 also edits posts previously made when his / her viewpoint changes to suit his/her trading style.

...... (two sentences removed to avoid confusion) - my note

Trust the Pro_S2009 poster at your financial peril."

[swanvesta] 04/12/2023 10:47

" Not much research needed."

We could always use more research. Though we may not realise it's needed, as Dunning and Kruger pointed out.

[swanvesta] 04/12/2023 10:38

Yes, but you're speculating that the context has suddenly changed from participating interest of sales to 100% of costs.

I think the natural interpretation of that second statement is that the deal will be structured such that Afriquia will pay a price that includes transportation. And it is not decided yet who will supply the infrastructure (trucks etc.)

The language may also reflect that ONHYM's carry extends to commercial production. But at that point Predator will be entitled to recover all development costs.

"Predator has a 75% interest in this permit, with ONHYM
having a carried 25% interest in the exploration phase. ONHYM will contribute its share of costs once commercial production is declared."

p5 of above CPR.

BTW I share your scepticism of this management. But I don't want to get carried away.

[michaelsadvfn] 04/12/2023 10:17

If the force is strong here why has the share price dropped from 9.75 to 9.25 in the last hour and a half?

More porkies from the crayon muncher.

[helpfull] 04/12/2023 09:55

The force is strong here.

I think the evidence is in the RNS:

"Predator agrees to sell and Afriquia to off-take and purchase the CNG corresponding to PREDATOR'S participating interest in the Guercif Licence"

and

"PREDATOR shall fund and operate the CNG development and production facilities"

That's why I ask what will happen with the ONHYM 25%?

Not much research needed.

Be careful.

[swanvesta] 04/12/2023 09:43

Do you have any evidence regarding PRD picking up the full tab? (I'm assuming that's what you're suggesting that last quote might mean.) I think it would be Helpfull to do a bit of groundwork before posting pure speculation.

"• ONHYM has carried interest of 25% during the exploration phase but will pay its full share of development and future other costs."