Predator Oil & Gas Share Discussion Threads

[ohdearohdearohdear] 14/2/2024 09:13

Commencing?

[dicko80] 14/2/2024 09:08

We must be close to commencing testing

[helpfull] 13/2/2024 22:46

The force is strong here.

Horses are getting put behind the carts here.

Phase 2 testing is being done before Phase 1 is completed.

"Regulatory approval of the Guercif Petroleum Agreement Amendment #4, which is proposing to extend the Initial Period of the Guercif Petroleum Agreement to 5 June 2024, is a pre-requisite before Phase 2 testing operations can commence".

No announcement of regulatory approval has been made, so Phase 2 cannot have started.

There have been no leaks at Predator.

Mistakes have been made before about what is going on; testing having been said to have started in November 2023, and then December.

Remember:

"For the avoidance of doubt" .

The simple answer is that everyone should wait for result(s) of Phase 1.

Navel gazing and satellite watching might be confusing the animals.

Those horses are not to blame.

Be careful.

[2 solaris] 13/2/2024 19:45

Interesting post on LSE from a trusted poster.

KeithOz

Posts: 2,295

Price: 12.125

No Opinion

RE: Satellite viewsToday 13:29
@donalb - just discussing the water at MOU-3 with someone offline. They agree the pool in the centre is odd - drill pads drain away from the centre - and we had both come to the conclusion that SandJet may already be in use at MOU-3.

And...

RE: Sandjet TestingToday 16:41
Was somewhat sceptical as regards the possible commencement of sandjet testing already, but having gone back and forth (date wise) with the satellite images (using the moisture index) and noticing what looks like pools of water suddenly showing on the 12.02.24 satellite pass over MOU-3.

At the same time I discounted the possibility of a sudden rain downpour, by checking out the wider area (date wise), which showed no major discernable difference. 👀

...

Operations Update and 2024 Forward Work Programme RNS (12.01.24)

Phase 2

"Phase 2 rigless testing operations using Sandjet are planned to commence in early February to early March. The duration of operations is forecast to be for up to 21 days."

And...

RE: Sandjet TestingToday 16:51
This is a major bonus for holders if Sandjet has started. They must have had commercial flow rates from the rigless testing whcih commenced on 29th jan

Anyone else excited?

[dave444] 13/2/2024 18:11

In addition this comment from the 12/1/24 RNS:The discretionary drilling programme may have to be aligned with a requirement to further develop the CNG industrial gas market above the 50 mm cfgpd cap set in the Afriquia Gaz Collaboration Agreement.

[mariopeter] 13/2/2024 17:56

Awaiting flows and worth looking at annual post tax profit at differing levels of flows. Don't know what the max LNG demand is but been suggested 50mmcfd. I got the first two numbers from p 16 of the attached presentation below and guessed the 50mmcfd number which is not unreasonable:

4mmcfd Annual post tax profit is $7.8m
34mmcfd Annual post tax profit is $66.1m
50mmcfd Annual post tax profit is $100m.

SO if you can make those profits in 1 year you could probably sell the subsidiary for 10 times (my guess as low capex and fiscal backdrop) the annual profit and we know it will be sold soon. That would be a billion $ company at 50mmsfd or £793m stg or

£1.40 per share.

Don't lose out at 20p! and then there is gas to power and the Jurassic to Europe on top (as well as Eire and T and T).

Just waiting on flow rates but if one well flows at 50mmcfd two wells would be double etc. That's where volumes come in. Wells are very very cheap onshore.

[ohdearohdearohdear] 13/2/2024 16:14

This feels like one of those few in a lifetime opportunities. The disconnect between the current value and the possible (probable?) value is simply enormous. And zero debt.

[ohdearohdearohdear] 13/2/2024 16:09

Notice that Lonny has posted on X today (not about PRD of course...........something entirely different) for the first time since end of Jan. But it does demonstrate (to me at least) that he is quite relaxed atm. Maybe reading too much into it. But that, alongside the jungle drums, suggests that things are progressing very nicely.

As ever, we will see soon enough.

[sandy12345] 13/2/2024 16:05

Correct...I also added today. Feels like a gift price imho!.

[ohdearohdearohdear] 13/2/2024 16:02

Bought a few more today.

I can't believe the share price is where it is with the various rumours circulating. I guess it just demonstrates that there is virtually zero appetite for speculating on O&G these days.........which isn't necessarily a bad thing of course.

Thursday RNS?

[dave444] 13/2/2024 13:31

Ok good thanks

[2 solaris] 13/2/2024 12:59

The share price agrees, up we go!

[2 solaris] 13/2/2024 12:58

The wet conditions referred to on the LSE board are likely to be slowing things down a bit. Better weather now and a good forecast so if that was the case it was only a minor blip.

[sandy12345] 13/2/2024 11:29

? have a very positive feeling about the outcome here. People who sold may look back with great regret when we hover over 20p...

[dave444] 13/2/2024 09:18

Are you saying it is not easy to measure flow rate or something else

[2 solaris] 13/2/2024 09:14

They may be evaluating the results. Or rain stopped play.

[dave444] 13/2/2024 08:13

Due an update

[dave444] 13/2/2024 08:13

Update due to

[stockhunters] 12/2/2024 15:51

next driller to go on a run?

[helpfull] 12/2/2024 12:17

The force is strong here.

Good or bad news in the next RNS?

I'm not really interested.

What I am very interested in is how Paul Griffiths manages to convolute and complicate what should be a very simple yes or no answer.

There has not been an update yet that hasn't managed to raise more questions than have been answered.

The only guarantee is that the next RNS will need another RNS to explain what it means.

Mou-1 and Mou-2 and Mou-4 being good examples.

Expect to be confused.

Be careful.

[ohdearohdearohdear] 09/2/2024 21:48

"Ohdear…. Does it really matter if China is ahead in clean energy if they are the biggest pollutant by a country mile?"

That is what you said. I then pointed out that pollution per capita is a fairer measure. So it is the same debate.

Are you ok?

[nametrade] 09/2/2024 21:37

You said

Have you seen which country is streets ahead in clean energy?

Then you said

Look at the pollutant per head. That is the sensible and fair way to look at it. Then you will see where the problem lies.

They are two different debates..

[ohdearohdearohdear] 09/2/2024 21:33

No it isn't.

[ohdearohdearohdear] 09/2/2024 21:33

No it isn't.