Predator Oil & Gas Share Discussion Threads

[dave444] 27/12/2023 20:22

They screwed up in the RNS by saying December 2024!So ask them why they can't get an RNS right!

[mariopeter] 27/12/2023 20:04

Aberloon that CPR is due this month but maybe you're right in December 2024! I'll likely still be here.

[aberloon2] 27/12/2023 19:12

Not long now...Petroleum Agreement Amendment No.3 and corresponding Exploration Permits being approved shortly

-- Rigless testing programme re-scheduled for January 2024
-- Memorandum of Understanding in relation to Gas Sales and Collaboration Agreements signed with Afriquia Gaz

-- Afriquia Gas most recent reported revenue figure is 8.72 billion MAD, approximately equivalent to GBP700 million

-- Fully funded for a pilot CNG development
-- Environmental Impact Assessment commissioned for 3 wells proposed for 2024 drilling programme including the Jurassic target

-- Cory Moruga Independent Technical and Resources Report to be published in December 2024

[mariopeter] 23/12/2023 00:31

Crikey Helpful.If you are losing your edge Son should be HSBC deposit account?

[helpfull] 22/12/2023 12:34

The force is strong here.

Sorry.

I have corrected it.

Be careful.

[herecomesthesun] 22/12/2023 12:17

"Pantheon is a real duck"


best be careful outside in the real world helpless as you're at best a week early for mad Friday and at worst a couple of days for starting on the Christmas sherry lol

[breezerboy32] 22/12/2023 11:48

Very helpful. Can you remember to change the company on your copy and paste, as you'll find this is the PRD board, not PANR.Nice try though, lol

[helpfull] 22/12/2023 11:10

The force is strong here.

Remember.

When there is no news, there is usually a problem with Predator.

It happened with Mou-2.

It has happened with testing, at least 2 times recently.

Predator is a real duck.

Serene on top of the water.

And nothing going on below.

Be careful.

[nametrade] 22/12/2023 09:43

Merry Christmas all.

[gowlane] 21/12/2023 00:12

On another topic, I see GRH over on LSE has put his foot in it, a bit surprising as he generally takes care to present himself as the last word on everything.

He is quoted as claiming that upon successful testing, and execution of a gas sales agreement, that 1P reserves can then be capitalised, thus ‘transforming the balance sheet’

Oh dear.… a bad blunder, of course they are not and are merely shown as a footnote to the annual report.

Another one bites the dust, Jimmy is the only guy over there who is convincing

[dave444] 20/12/2023 15:39

Selling done imo

[helpfull] 20/12/2023 12:52

The force is strong here.

The trouble with testing is akin to Pandora's box.

If Schrodinger opens the box it will reveal that the cat is either alive or dead.

Or if, as many think, the box has been empty all along.

Many righteous men have stood on top of the box and pontificated. Stopping it from being opened.

And they will continue to do so.

Perhaps they don't want shareholders to see inside?

Be careful.

[purple11] 19/12/2023 17:02

have they cancelled january testing?

something is happening with the price to say something has fundamentally changed.

another placing on the way?

[purple11] 19/12/2023 16:13

not adding yet.keeping powder dry for a perfect entry.

[helpfull] 19/12/2023 10:13

The force is strong here.

Time of year for the mug punter to give his end 2024 share price forecast.

He would do well to remember his end 2023 forecast.

How did that turn out?

No sale this year.

Is that what was forecast?

Apparently those in the know suggest that there has been no testing because the super majors would all be trying to buy the company on the cheap otherwise.

That's what always happens.

Others are suggesting there is no testing because there might be no gas and wouldn't want shareholders to know.

Which appears the most likely?

Does the share price give a clue?

Be careful.

[purple11] 19/12/2023 09:36

seem to want to dribble it down

[kq1] 19/12/2023 02:48

Today would be the last day this year to give an update, before everybody goes away for a couple of weeks, mentally and/or physically. Not a good idea to issue a C-M CPR without a mention of progress in Morocco. It would only be worthwhile issuing an update if there is something concrete – firm dates – to mention. If not, better to wait until January, then issue the CPR timed so that the RNS can also confirm that flow testing has actually started. What would I hope to see in an update? – A statement of strategy for 2024. Here's my PowerPoint!

Consider this:

💲More money was raised a few months ago than was required for the bare-bones plan.

💲Further cash has been saved by getting C-M cheaper than anticipated.

💲A reduced flow testing programme has saved a bit more.

💲There is the possibility of the CNG trucks being paid for by Afriquia.

💲Debt finance or leasing are possibilities for the rest of the CNG plant.

My guess is that Paul & Lonny are overheating their calculators working out the best way of using this cash to achieve:

🦖Short Term Objective – next 6 months – achieve positive cash flow, avoid further dilution, and be independent of a particularly fickle market. This may be either by -

🎇Testing just enough of Guercif to convert the MOU to a GSA, and getting the CNG operation up & running, or,

🎇Re-entering C-M Snowcap-1 and flowing oil. Given the frequently noted T & T traits of procrastination, incompetence, indolence & corruption, this would not be my personal choice, but since I know next to nothing about this specific opportunity, will have to defer to Paul & Lonny's expertise & experience.

🦖Mid Term Objective – 6-12 months – use the cash flow to work up Guercif to readiness for sale, by

🎇Drilling MOU-3 Twin to appraise the Middle Sands.

🎇Drilling Jurassic carbonate reef to determine reservoir characteristics and dimensions.

🎇Comprehensive testing of all remaining MOU-Fan horizons, using Sandjet for the friable reservoirs, as well as the newly-drilled Middle Sands & Jurassic. This would determine connectivity and volumes as well as flow rates for the whole basin.

🎇Sell all or a majority of PGVM, the Moroccan subsidiary.

🦖Longer Term Objective – 12-24 months

🎇Develop C-M, assuming it is the huge opportunity Paul claims - the Herrera Sands have produced one hell of a lot of oil, and this is just about the last undeveloped prospect.

🎇Set up a partnership CO2EOR business in T & T, as the country's authorities are now requiring for all oil operations - noteworthy that Paul is a member of the T & T EOR steering committee.

🎇Sell the Irish assets after the Greens are kicked out at the next elections – either Autumn 2024 or latest Spring 2025.