Predator Oil & Gas Share Discussion Threads

[tenner party] 18/1/2024 23:25

So in a nutshell
. 12p was hard to achieve
. 12p may not hold tomorrow
. Could reach 24p

Therefore, share price could stay the same, could fall or could rise. Great, thanks for that.

[helpfull] 18/1/2024 19:00

The force is strong here.

Time for a chart?

Look away all the non-believers.


free stock charts from uk.advfn.com


The 12p level has proven to be a difficult obstacle.

Just broken to the upside today, but don't be surprised to see its support tested tomorrow.

The three moving averages, short and mid and long term, are in the early stages of turning upwards.

The downward trendline has been broken and offers a target of 24p.

Be careful.

[dicko80] 18/1/2024 13:13

Looking good 👍

[2dinvestor] 18/1/2024 11:31

And Shell just got £1.3Bn from the sale of onshore Nigeria, which has been fraught with issues over the years. Will they reinvest that into renewables, or go shopping for fossil fuel assets elsewhere?

[mariopeter] 18/1/2024 11:15

I see from the KIST RNS today that Shell et al are commercialising the Victory gas discovery. Victory is 179 bcf with peak production to be 130mmcfd near the Shetlands with super tax.Compare volumes when the PRD IPR is soon published but one thing is certain there is a wonderful low tax regime in Morocco.

[ohdearohdearohdear] 17/1/2024 16:20

It demonstrates someone's extremely low self esteem when they feel as if they have to prove themselves to anonymous avatars on a free bb. Doesn't it purple11?

[tinker10] 17/1/2024 15:50

purple constantly lies and changes historic posts to make it look like he called it right. He sold prior to big rises in the past. Deluded loser.

[mariopeter] 17/1/2024 15:29

Yea except you sold the day before the recent RNS and had to quickly backtrack. Not perfect by any stretch of the imagination. You keep telling yourself 2p!

[dicko80] 17/1/2024 14:32

Good consolidation 11.50 - 12

Looks ready to move north

[dicko80] 17/1/2024 11:38

Further to earlier discussion ref jurassic


Phillips 1979TAFR-1X offset well analogous target 50 kms to SE Pre-drill Phillips estimated one billion barrels recoverable for 30km² structure Found minor gas shows in poor reservoir
PAGE 13

1billion bbl recoverable based on 30km structure

The sheer size and potential of the "prize" will increase the mkt cap accordingly

for illustration purposes..

126sqkm / 30 = x 4.2

1 bbn x 4.2 = 4.2billion bbls recoverable or if gas charged multi multi TCF potential




Would be great to get prospective resources on this from the company , drilling April/May de-risked from MOU4 and if the testing of the jurassic flows..

Game on 💥💥

[purple11] 17/1/2024 11:08

youre the one that looks like a fool.i call PRD perfectly.

youre just cannon fodder in this situation

[mariopeter] 17/1/2024 10:07

Thanks for your work Keith.

I think there must be oil somewhere to have that much gas and often the oil dwarfs the gas.At least we have found lots of gas for now in Guercif.

As a side note where has the massive gas in Algeria migrated from is an interesting question too. Might not all be in the Sahara in Algeria.

Algeria has 159TCF of gas and only 15bill barrels of oil.

[affc21] 17/1/2024 08:48

Ohdear, didn't see your post, thanks all the same.

[affc21] 17/1/2024 08:46

Thanks Nametrade, appreciated.If I'm not mistaken I believe that's GRH's area of speciality (amongst many others).

[ohdearohdearohdear] 17/1/2024 08:42

HSSI is one of the reasons that has excited GRH here. Only few weeks to find out just how accurate it is.

ITR before next Thursday hopefully.
Conventional testing starts on or before next Thursday. Completes, at most, 14 days after that.

[ohdearohdearohdear] 17/1/2024 08:38

"purple11 - 16 Jan 2024 - 08:33:33 - 1371 of 1376 Predator Oil and Gas New Moderated thread - PRD
run out of puff. i v much doubt itll run much higher before results"


Blimey. Words fail me.

[nametrade] 17/1/2024 08:28

Affc

HSSI is hyperspectral satellite imagery

You could do worse than to have a read about it in the context of hydrocarbons.

Regards,

[affc21] 17/1/2024 08:13

Thanks Keith for another interesting post,Just one question if I may, what does the acronym of "HSSI" mean?Cheers

[kq1] 17/1/2024 07:33

@mariopeter - I posted this on the lse board overnight re. Jurassic. Any ideas?

"I would welcome your thoughts on exactly what might have been drilled towards the bottom of MOU-4. The RNSs of 11th & 13th July do not appear to give us the whole story.

11/7: "The top Jurassic carbonate objective was reached at 1135 metres TVD MD, 253 metres deeper than the estimated depth pre-drill based on no well control. A thick section of 175 metres of claystones capped the Jurassic carbonate section " and

"The speculative pre-drill Jurassic carbonate horizon has now been validated in MOU-4. Seismic remapping and evaluation of the Jurassic using the new MOU-4 well control point and data yet to be analysed from the well will be required to further de-risk the Jurassic objective."

13/7: [NuTech analysis shows likely gas sands at] "1139 to 1143 metres TVD MD, including the top of the Jurassic carbonates. 2 metres of likely gas reservoir with average porosity 19.9% (maximum 20.6%) and average gas saturation 56% (maximum 73%)."

Then on 30th August we were told: "A field trip is being planned for the autumn to evaluate the reservoir potential of the entire interval of interest in Jurassic surface exposures to the south of the Guercif licence area. Geochemical source rock quality and maturation studies, including evidence for migrated gas, for the Jurassic section penetrated in the MOU-4 well are expected to be completed in September."

So we know that at least 175m of claystones, plus 4m of other strata which includes 2m identified by NuTech as gas charged, giving a minimum of 179m Jurassic, has been drilled. Importantly, what we don't know is the TD for MOU-4. If MOU-4 was drilled deeper than the originally stated target of the Jurassic carbonate reef, apparently found at 1143m, maybe it encountered further interesting Jurassic sections, and it is these that are being evaluated as oil/NGL source rocks.

I was a little puzzled by the 12th January RNS mention of "MOU-4: Thin Jurassic dolomitic reservoirs" as intervals for Phase 2 testing. Does this mean that the original Jurassic carbonate reef structure is dolomitised? Or is reference being made to a different structure - either within the 175m of claystones above the target, or strata drilled at an unknown depth beneath the reef?

It makes no sense to be evaluating a gas-bearing stratum for its potential to be an oil source rock, so I assume they must be talking about something deeper. It is also clear that the Jurassic TWT maps in the August 2023 CPR need to be completely redrawn, possibly after further seismic reprocessing. I am curious if this will be addressed in the forthcoming MOU-area ITR, or whether they need more time to integrate:

*updated Jurassic seismic

*incorporation of MOU-4 Jurassic petrology

*results of Jurassic field mapping.

Additionally, Cube has stated that HSSI indicates oil & NGLs at MOU-NE.

It is too early to be making speculative calculations as to what MOU-NE might hold.

[nametrade] 16/1/2024 22:13

So purple are you in or out atm?