Predator Oil & Gas Share Discussion Threads

[kq1] 12/1/2024 07:36

OK, it's a day later than I expected!

🦖 Morocco

* All in hand, not more I can say until we see results, but interesting to note a date for the Sandjet follow-up of the more friable reservoir horizons. Hopefully that will give some folks here some comfort.

* CPR for all MOU wells to follow testing results - that will be very interesting re maximum aggregate flow rates and of course most importantly, the overall volume.

* All testing complete by end March (assuming a real-life calendar, not in Griffith months)

* Possible exploitation licence in March.

🦖 T & T.

* The proposed FDP gives the second best IRR I have ever seen (241%) in several decades of project appraisal - the best being that for the G2EU possibility for Guercif.

* Possible acquisition of TXP stake in C-M looks interesting, I would welcome some kind of cooperation agreement with Touchstone

* Recovery factor looks conservative - short-term dependent on how successful the dewaxing is, longer term EOR using the natural gas resource of C-M.

Will follow up further after I have had time to go through everything in detail - probably over the weekend.

PS: I also like the potential bringing forward of the Jurassic drilling subject to funds, with the shallow sands appraisal wells AND the re-entry of MOU-2 to follow as cash allows - sensible prioritisation.

Those who have (understandably) complained about the reduced conventional testing programme can now see the reasoning in detail - many of the prospective horizons will be difficult to test with conventional perforation, and likely to reveal superior results with Sandjet - see, Paul does know what he is doing!

[hubs] 12/1/2024 07:25

Good to see a plan of action, and funding for at least Phase 1 and 2 Guercif still available. All systems Go! gla.

[dave444] 12/1/2024 07:11

Furthermore -- Cory Moruga Independent Technical Report gives P50 and P90 Contingent and Prospective gross recoverable resources of 14.31 and 21.41 million barrels respectively

[dave444] 12/1/2024 07:10

Before 25/1/24 Guercif testing start!GUERCIF TESTING PROGRAMME ONSHORE MOROCCOAn updated Independent Technical Report ("ITR"), incorporating the 2023 MOU-3 and MOU-4 well results is currently being prepared by Scorpion Geoscience Ltd. for the Guercif block and resource potential of the prospective area tested by MOU-1, MOU-2, MOU-3 and MOU-4. The Company will use it best endeavours to publish the ITR before the Phase 1 rigless testing commences.Phase 1Phase 1 is planned to commence before 25 January 2024 and is expected to take up to 14 days to complete.The unforeseen regulatory issue relating to Guercif Petroleum Agreement Amendment No.3 has now been successfully resolved.Intervals to be tested are as previously announced.

[mariopeter] 11/1/2024 17:19

At least you made a profit. That's what the job is all about.

Keep an eye on it though cause if things turn out the way I feel they are (slowly) going this could be very big this year.

[buffinman] 11/1/2024 13:40

The chart here has NO predictive value. It's PI's RESPONDING to (non)-events.

[dicko80] 11/1/2024 12:16

If you look at the chart from July, it's in a downward channel awaiting testing news

Once announced it will move north and breakout of the channel

That's how I read it

Obviously all depends on whether PG decides too 🙄 🤷

[buffinman] 11/1/2024 10:38

The chart here means nothing.

[dicko80] 11/1/2024 09:04

Thanks Mario

Chart is shaping up for news

Lots pending if PG decides to update us

CM - reserves ,field development plan, cashflow forecasts

Guercif- testing to confirm go ahead for CNG ops 50mmscfd with $292m annual revenue based on $16mscf

Volumetrics - on the back of testing , likely to be 1TCF +

G2P - 250 - 300mmscfd , I would imagine will be back In the news updates
with "all the gas" and future wells to target additional gas reserves I would expect the carrot of G2P

Overall production forecast, could be looking at $1bn gross revenue per annum

All the above for £50m

[purple11] 11/1/2024 08:56

simply too dodgy to hold.

may take a trade if they confirm testing.

personally dont think it will happen atb

[purple11] 11/1/2024 08:51

exited this morning with a small gain.

lost confidence that testing will happen

7p if there are further delays

[helpfull] 10/1/2024 19:08

The force is strong here.

Keep holding onto that thought and you'll eventually find yourself in February.

"He's not wrong you know"

Remember that "there may be circumstances where, for sound business reasons, a re-allocation of funds may be deemed prudent or necessary".

Be careful.

[nametrade] 10/1/2024 17:45

As early as possible in Jan…. Could also be the last day of the month…. If that was as early as they could get it started… that is… therefore as early as possible…

[helpfull] 10/1/2024 11:50

The force is strong here.

That "for the avoidance of doubt" letter is getting closer.

That "forecast that rigless testing operations will begin as early as possible in January 2024" window is fast disappearing.

Peeps have been guided that Trinidad is where it will be "at" this year for the "initial Cory Moruga workover programme for early in 2024".

No testing of Mou-1 is my banker bet for 2024.

And each way for no testing of any Mou in 2024.

Is that lunacy?

Be careful.

[jakes114] 10/1/2024 09:32

Is anything happening????

[neo26] 10/1/2024 09:14

Have they commenced testing?

[dicko80] 09/1/2024 21:07

Testing/Flow rates discussion

presentation in 2021

22mins onwards



May 2023 presentation



10mins onwards

"much better results"

[pittcock] 09/1/2024 19:22

What happened to Pro?

[helpfull] 09/1/2024 07:46

The force is strong here.

I think PG prefers a Tuesday lie in rather than a Tuesday RNS.

Be careful.

[dicko80] 08/1/2024 09:01

PG loves a Tuesday RNS

[helpfull] 07/1/2024 13:57

The force is strong here.

It has started again.

Some people think testing has started.

Some people think testing has been completed.

Some people think the company has been sold.

Expect a "for the avoidance of doubt" letter.

Be careful.

[dave444] 05/1/2024 15:02

Correction the first 2 times I rang the number I got the sound of a fax machine but I have just rung again now and it goes through to a third party secretarial services company which apparently they need to use as the directors are not in Jersey so we will see if I get any answers

[dave444] 05/1/2024 14:55

Emailed them so lets see if they give a reply also the phone number they put for the company must be a fax line - I take it they don't want contact