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Share Name Share Symbol Market Type Share ISIN Share Description
Predator Oil & Gas Holdings Plc LSE:PRD London Ordinary Share JE00BFZ1D698 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  0.125 1.56% 8.125 3,229,781 14:00:23
Bid Price Offer Price High Price Low Price Open Price
8.00 8.25 8.125 7.875 8.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -1.40 -0.50 29
Last Trade Time Trade Type Trade Size Trade Price Currency
17:43:10 O 38,575 8.00 GBX

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Date Time Title Posts
05/10/202222:11Not moderated by Pro110
04/10/202212:44Predator Oil and Gas - 2020 - Eyes on Morocco Gas2,047
26/8/202218:00Predator Oil and Gas New Moderated thread1,166
13/9/202116:39Next drill?9
04/8/202110:05Predator Oil & Gas2,484

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Predator Oil & Gas (PRD) Top Chat Posts

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Posted at 05/10/2022 09:20 by Predator Oil & Gas Daily Update
Predator Oil & Gas Holdings Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker PRD. The last closing price for Predator Oil & Gas was 8p.
Predator Oil & Gas Holdings Plc has a 4 week average price of 6.88p and a 12 week average price of 5.75p.
The 1 year high share price is 15.50p while the 1 year low share price is currently 4.75p.
There are currently 353,595,477 shares in issue and the average daily traded volume is 2,535,638 shares. The market capitalisation of Predator Oil & Gas Holdings Plc is £28,729,632.51.
Posted at 04/10/2022 12:44 by pro_s2009
November will be the big PRD month with MOU-2 drilling. October big news is these three below : PANR flow test news can be anytime soon - strong rerating to around 175p to 200p if good. I3E spudded Serenity 22nd Sep - Can triple the current share price if good. 30 days drilling/logging - potential side track if successful ECO spudding Gazania-1 now - potential 10 bagger if good. 25 days drilling/logging - potential side track if successful
Posted at 11/9/2022 15:30 by pro_s2009
100p plus...... We would be talking of the potential of over 750 BCF of recoverable gas, so if it came in best case the share price would be well over 100p in a flash (and that would only be a market cap of around 300 million......) ConocoPhillips recently got into the license right next door to PRD and will be watching very very closely. If PRD find a monster then I dont expect them to be around long, regardless of what Paul says.........CP would likely be in very quick to take over this license. ConocoPhillips see the potential of this onshore area of Morocco, and are, imo, just watching and waiting and letting PRD do some work giving them free the moment.
Posted at 10/9/2022 15:58 by king suarez
I was at the presentation and quite impressed. Used to hold here until just after the MOU1 result, which appeared a bit confusing at the time, so sold with the subsequent sell off in the share price. Got to chat to Paul Griffiths a bit afterwards and he bought a few of us a beer in the bar downstairs. He was quite open and straightforward and stayed quite late. I mentioned that I thought most of the RNS's come across a bit too technical for most of us layman investors without a geological background and he advised that he had been made to put out an RNS on MOU1, against his desires (by the Nomad) and had to say 'something', but really it has taken them 9 months to go through all the data and understand the conflicting information. He tried to explain some of the detail in the well logs etc but it all went over my head I'm afraid! My take away was that he was pretty confident MOU1 is commercial and it has helped them identify that they hit on the edge of a 'fan structure', of which MOU2 is targeting the sweet spot. MOU1 also identified another shallow sand that they did not know about beforehand. He also advised that one ex-director had been selling shares just before the 15p placement (which is why the price tanked so much) and hadn't told the company about it, so he was swiftly axed when they found out. What's the general consensus here now about the COS for MOU2(?) as I am tempted to re-enter given the upside economics (I was in here originally for the Morocco potential anyway!). Thanks
Posted at 05/9/2022 09:01 by helpfull
Same old same old. Pump the share price before the meeting: "What do peeps think the share price will be...........?" " tight squeeze" " they won't be getting my shares" " there must be news release before the meeting or why have one?" The only certainty for the week is that there will be a fall in the share price on Friday. Be careful.
Posted at 18/8/2022 01:46 by pro_s2009
353m shares in issue post placing 10p share price - just only 35m market cap. 20p share price - just only 70m market cap. Drilling a sweet spot, in a proven gas bearing formation (from MOU 1 drill data). Targetting 295 BCF of gas with upside to 708 BCF. 20p during drilling - sit back and wait - the market cap is too small and the target is big.
Posted at 17/8/2022 10:07 by pro_s2009
Chariot lets say their 2C is 637 BCF Chariot market cap is 190 million for "expensive" offshore gas. PRD MOU-2 will target the potential reservoir "sweet spot" for which net Contingent Resources are in the range 295 BCF (Best Estimate) to 708 BCF (high Estimate) as defined in the independent Competent Persons Report by SLR Consulting (Ireland) Ltd. ("SLR") in 2022. This is cheap and quick to develop onshore gas. So if 637 BCF has CHAR market cap at 190 million. PRD if it comes in with 295 BCF - market cap should be say 88 million. Which is say 24p a share. If PRD were to see top level 708 BCF - market cap should be say 210 million. Which is say 60p a share. So based on todays, unfunded, unloved CHAR share price, for offshore 2C......PRD is a 4 bagger to 10 bagger on todays share price if MOU-2 hits good has pay. Should be higher really, as PRD is onshore, cheap and and quick to develop.
Posted at 16/1/2022 11:15 by pv1972
Haha helpless is back with his one dimensional unbalanced FUD analysis. Funding is always required for micro cap outfits such as PRD. And it doesnt have to be via a bog standard share issue. There are many other avenues to raise cash required e.g. jv, offtake agreements, private very high net worth individuals or even ohnym....the levels of investment needed are relatively small when you look at the size of the prize in their CPR of circa $500m. And that number is conservative and for only a small part of their overall picture. Take note people, $500m equates to an share price of around £1.40!! For the record I never bought into the £15 share price rhetoric but still believe £3-£5 is achievable in time overall. The options are simple...if you already have a position, sit and wait it out if you believe in its viability. If you dont have a position, then that boils down to your view on what you think will happen next to the share price in the short term while funding is sorted out. Either way, the next few months wont be boring. Good luck with your choices....
Posted at 08/10/2021 09:53 by robbiekeane
Q&A from Investor Meet presentation (written responses). Other recorded responses (Q's 25-35) are also available at below link. hTTps:// Q1: You mentioned in the Proactive presentation that there were specific reasons for the initial results RNS in July to be worded in the way it was, which decimated the share price, and meant a lower price placing than otherwise would have likely happened should it have been worded differently. What was that reason? No. The RNS regarding the immediate well information had to be approved by our partner ONHYM. No further information could have been given until ONHYM had held a partner's meeting to review our technical interpretation of the well results. This takes weeks not 24 hours. Q2: With the benefit of hindsight, would you have handled the communication of well results any differently? If yes, what would you have done better? We stated that the well was completed. This is a clear indication that there was something of interest requiring work to be carried out to design an appropriate perforating programme. Again unfortunately this initial work has first to be presented to ONHYM. Again the timescale is weeks and not 24 hours. Q3: Can Lonny discuss his connections with the downstream gas off-takers in Morocco and how he sees that directly playing into the funding the MOU-4/5 drills as the key next stage? Discussions are commercially sensitive at this and we will not go into any detail regarding this. Suffice to say that the opportunity is there due to the shortage of gas and that it would make sense for a potential end user to be aligned with the upstream gas producer to secure a preferential option for gas resources, This should including sharing some risk at project/licence level. Q4: Has the potential for 'at well location' Bitcoin mining been considered given the abundance of low cost natural gas as an alternative and highly lucrative revenue source and route to market that can run alongside the primary strategy? No it has not. We have no expertise in Bitcoin mining. We are focussed on supply gas to industry which provides a good potential revenue stream. Q5: Can you elucidate the technical slides relating to MOU-1 missed during the last presentation please, thank you, Brian This is updated in today's uploaded presentation to the website and will be reviewed in the online webinar presentation later today. Not everyone is interested in the technical details so it is really refreshing and much appreciated when someone asks us to explain technical slides. Q6: What is the timeline for Mag Mel project. And do you anticipate receiving an gas import license prior to year end Sean O’Dufaigh Timeline depends on the public consultation process over which, as most people familiar with Ireland know, may extend longer than anticipated. There is no possibility of an LNG import licence by the end of the year as this is also linked to a number of other regulatory factors and the public consultation process. Suffice to say that the Mag Mel FSRU LNG import project offers the simplest and quickest way to increase Ireland's gas import capacity during times when the gas market is volatile. The case has been made over the past 2 years to government. We are well ahead of the game and the current gas crisis should sharpen minds and provide an opportunity for government to enact a security of supply policy with a team that has many years' of experience offshore Ireland. Q7: As you are trying to partner with gas purchasers to fund mou 4 and 5 but without any gas coming to surface what chance of success do you apply to these two drills? As will be revealed in today's webinar presentation the chances of success have increased significantly following an evaluation of the MOU-1 results. This takes time and cannot be done in 24 hours. As we move to further drilling we need to manage expectations but focus on the fact that this is a new exciting gas basin undrilled for 35 years until we took a leap of faith which is being highly rewarded. In the context of 35 years we have made instant progress, This is what interests end gas users. A new basin with unknown potential for potentially "big" gas and a management team committed to Morocco over many years with a proven track record in delivering. That is what industry wants to see in Morocco. Q8: Come AIM admission would you consider it a timely opportunity to enter that market with a 'greener' company name? from OBADIAH We are changing the name to focus on gas as a sustainable fuel for the Energy Transition. This is a commercial model and our shareholders also want to see returns. Today China announced power cuts which will have a reverberating short term impact on global economic sentiment. China burns huge amounts of coal. Coal prices are increasing. The Energy Crisis has been created by a number of factors one of which has been the demonisation of the fossil fuel industry which has cut investment and access to institutional funds. Well now the public is reaping the rewards of fuel starvation. Bread on the table is more important right now than a green name. Q9: What are the COS % for MOU-4 & MOU-6 ? Would be great if you can provide this as you did indicate COS % in your July2020 presentation but gave no COS % in your Sep2021 presentation Independent CPR COS for MOU-4 and MOU-5 targets was 34% in 2020. MOU-1 has increased significantly the COS - personally I regard geological COS as greater than 50% now but that will be addressed independently by the next CPR for AIM. I am biased as I am a geologist - commercial success is different and depends on negotiating attractive gas sales contracts. Q10: Hi Paul and Lonny, Are you able to provide an update us on how discussions are progressing with local industry gas off-takers regarding potential funding for drilling MOU-4 and -5, please? How confident are you that a deal, or deals, can be done and when do you hope to announce such deals? What contingency plans do you have for other sources of funding for the Q1 22 drilling campaign? Discussions are commercially sensitive at this and we will not go into any detail regarding this. Suffice to say that the opportunity is there due to the shortage of gas and that it would make sense for a potential end user to be aligned with the upstream gas producer to secure a preferential option for gas resources, This should including sharing some risk at project/licence level. There are alternatives too as given the current demand for gas, Morocco's favourable tax regime and under-utilised infrastructure Morocco is a target for investment in gas for a number of Middle East entities. We are exploring these options. At the end of the day we have to prove to these parties that there is a high chance of material gas in Guercif and that we have a clear path to monetising the gas. The CNG development option can be financed and some pre-development financing could be possible. The project economics are some of the best in Africa. Q11: Regarding the plan to acquire 400sqkm of 3D seismic in Q3 22, could you please confirm the location for the 3D and are you able to provide an approximate cost for this work? Thanks in advance and look forward to the presentation next week! The 3D would be over the MOU prospects and the new Jurassic prospect which will be shown today. I have worked in the Sirte Basin Libya for the Libyan National Oil Corporation many years ago when the Americans were in Libya. The new prospect reminds me of the prolific Zelten carbonate reservoirs. The acquisition parameters for the 3Dare being worked out but it will some time before we have a budget cost as much will depend on mobilising a 3D seismic crew from within North Africa. Our immediate priority is drilling. MOU-1 came in right on prognosis and opened up a new gas basin. Drilling the Jurassic in the new prospect would take things to another level in a success case and be more cost effective right now than 3D - which will cost more than the cost of a well. This basin needs successful exploratory drilling first and then 3D - I am a geophysicist trained at Gulf Research and Development in Pittsburgh - so I am actually doing myself out of a job! Very good question those as it raises the debate between drilling and 3D seismic. Q12: How do the Board see the EOR business generating value for shareholders and in what timeframe ? Is it going to remain a core part of the business and generate income or is it likely to divested as soon as a opportunity arises? We will divest as soon as the opportunity arises and we are working on this at present. We will still retain an equity in the business and an advisory role. Current circumstances mean that gas offers greater potential near-term returns and can replace coal and oil for greener energy. CO2 EOR is incredibly labour intensive for our small team. We are not abandoning it but just re-positioning it in our order of priorities. Er have been very disappointed by our partner's actions in Inniss-Trinity as revealed in the online presentation. We will not go into details for obvious reasons but it is unfortunate that the government's strategically important CO2 EOR Steering committee chaired by the Permanent Secretary to the Minister of Energy and represented by the CEO of State Oil Company Heritage Petroleum had to be informed verbally by us of a situation that they were unaware of. It is unfortunate as the Committee was only set up to address Greenhouse Gas Emissions in 2021 and Predator was seen as the pioneer of CO2 EOR in Trinidad. Q13: How will the move to AIM market benefit existing shareholders? AIM should provide greater share price stability given the stage at which our projects have reached. Attracting multi-nationals and project investment will be slightly easier as AIM is better understood whereas the Standard List is poorly appreciated. Standard List administrative costs and fees have been ridiculously high as it is a market regulated by the FCA whereas AIM is managed through the NOMAD who better understands our business. The perception amongst big players is that the Standard List is a market for weaker companies and I have to agree with those sentiments. We are growing too strong for the Standard List. AIM should provide greater share price stability given the stage at which our projects have reached. Attracting multi-nationals and project investment will be slightly easier as AIM is better understood whereas the Standard List is poorly appreciated. Standard List administrative costs and fees have been ridiculously high as it is a market regulated by the FCA whereas AIM is managed through the NOMAD who better understands our business. The perception amongst big players is that the Standard List is a market for weaker companies and I have to agree with those sentiments. We are growing too strong for the Standard List. Q14: Is Carbon Capture and hence Carbon Credits now more important that the bopd flow rate? No definitely not. Longer term they are important but in the short term they do not create commercial revenues as the trading system is not yet fully evolved globally. Producing oil though on its own is not an objective of the Company. Q15: Some quick fire questions… Firstly congratulations to all the team on successfully finding gas in the MOU-1 well and thank you for this opportunity to ask some questions. Boardroom Has Lonny enough confidence in Predator to buy some stock? Yes but he also has a lot of inside information which means he cannot buy stock until that information is sanitised by an RNS - much of it is commercially delicate right now. It is not an excuse it is just that MAR has to be strictly adhered to. Directors are not approved to deal in the shares of the Company when in possession of inside information. Apologies but as you know the regulatory world has gone mad these days. Lonny forego significant termination benefits to join us from SDX Q16: Is it possible to have some background as to why Ron seemed to leave and sell his stocks so abruptly? Unfortunately not - but the stock was sold before he left. No other director has sold a single share in the Company. Directors are expected to put the interests of shareholders first even if they may have pressing reasons to sell stock. Q17: Trinidad Has there been any production since CO2 injection at the AT-5X well? No - CO2 injection has focussed on building up reservoir pressure faster than pre-injection forecasts. We were in the advance stages of preparing several wells for production when the operator of the IPPSC intervened (as outlined in today's online presentation. Q18: If MOU-1 was a discovery why was a placing done at 5p ? and secondly if you knew you would need extra funds upon MOU-1 drilling completion why was not a larger placing done in Mar21 at 10.5p as it was stated that "the placing was significantly oversubscribed" and you state that when there is money offered on the table it is best to take We could not have raised more at 10.5p because our FCA headroom share limit would have been breached requiring us to do a Prospectus taking many weeks. The 5p placing came about after the MOU-1 results on the basis that the results gave us the impetus to increase the potential drilling programme and fund the move to AIM. The MOU-1 results one way or the other allowed those who invested at 2p , 2.8p and 4p to sell out at a significant profit at the expense of other shareholders, including me (the largest shareholder). That is just the way the market works. It's frustrating particularly if like me you are committed to furthering the fortunes of the Company. With COVID and all the other external factors facing businesses in the last 2 years even the largest shareholder might say enough is enough! Q19: How is the EIA progressing for MOU-4 & I assume MOU-5 too. What are your target dates for EIA completion and approval All progressing on track and we are adding an MOU-NE location to the EIA. I am informed that it will be completed and approved by the end of this year. It builds upon the existing EIA so is not a completely new exercise. Q20: If as you state the share price was over heated in the run up to MOU-1 drilling completion does that mean you feel that PRD was not worth a Market Cap of ~£45M I think it was exaggerated for that time. Following the well it is a valid market cap figure given the well results and dramatic increase in the price of gas. We have a 7,269km2 licence area and are drilling less than 5 kms from the Maghreb gas pipeline to Europe. We have no debt. MOU-1 opened up a new gas basin. CNG is economic at 5 mm cfgpd. 1 bcf currently can generate US$ 11 million gross revenues - even before the spike in gas prices. NOW the market cap can be under-pinned - before MOU-1 it had a greater speculative element. Q21: re Trinidad, you mentioned on 16Mar21 that you have de-risked the whole CO2 EOR concept and doors have opened to discuss and negotiate a licence with the Ministry for CO2 EOR services based on the PRD model and now in a position to "reep the benefits" and "cherry pick" 1 or 2 prime parties. Could you please provide an update on the negotiations and now in a position to reep the benefits. We are working as a priority with Lease Operators to design the next CO2 EOR project for them on a risk-reward sharing basis. I don't expect this to be finalised until later in the year. There are several other parties requesting engagement with Predator. We are focussed on those with production and sound finances. Our core focus is on gas. With the recent gas price spike and Energy Crisis gas offers us bigger potential returns than CO2 EOR which is extraordinary time-consuming for our small team. We do not want to increase our overheads to manage too many CO2 EOR projects. Q22: re Trinidad, RNS 24May21 it was stated "the potential impact of C02 injection on enhanced oil production will not be realised until at least 62 days from first C02 injection on 1 April 2021. Further analysis of the results and the impact on enhanced oil production at the monitoring well will therefore be carried out in June". There has been no RNS update on the outcome of the CO2 injection and the analysis of the results, we should b now be provided an update rather than be kept in the dark. Could you please provide a detailed update. There was a reason for that as identified in today's presentation uploaded to the website and addressed in today's webinar. From this you may appreciate that we are constrained by what we might like to say in case it prejudices our position. Suffice to say we are not very happy. Q23: How is PRDs relationship with Massy, a HOA was signed. Is the relationship still on good terms and is it strengthening? Will the exclusivity on CO2 supply agreement be extended beyond 31Mar2022 ? The relationship with Massy is good and productive. The surplus liquid CO2 exclusivity arrangements have been extended until 2023 Q24: PG, I like yourself and other investors want PRD to achieve optimal success with transformational value realisation for PRD and I hope it happens and wish you the very best of luck as otherwise the 44+ years of experience and knowledge that you have will in my opinion will be appreciably devalued. Let's make the value realisation happen. Good luck and I still believe. I agree and thank you for your kind comments. Markets are always frustrating and how we perceive value is often different to how the market sees it. I am confident though that we have the projects to realise value and it's a case of trying to find the right route to initial monetisation. With Lonny on board now we have some fresh blood, new energy and different options. Should be interesting how this works out over the coming months.
Posted at 22/7/2021 07:44 by helpfull
The director sold at 7.21p because he thought it was a good price for the shares. He then sold the next day at 6.67p because he thought that was a good price for the shares. Followed by 6.4p and 6.3p on the following days respectively. He could not sell on the weekend days. What sort of message would it send to placees in the 5p cash raise if he continues selling(when he can)? What is the message shareholders should take about the direction of the PRD share price? Do small shareholders know more about what is going on within a company than a director? It is an obvious signal. Be careful.
Posted at 17/7/2021 02:32 by pro_s2009
PRD has followed a predictable pattern, whilst I admit I sold out too early at over 6p, I was actually buying at 1.8p, so........ Its all about Risk/Reward ratio with AIM companies, if the Risk is high you must offload before the drilling result. If the risk is low, you can hold through. TXP had a boo-boo with the Chinook well recently, cutting the share price in half as currently there is a 9 million share short position holding the price down. However, they have proven reserves (yes, discovered and flow tested and independently certified and coming on stream in the coming 12 months) worth 150p a share. They are due to spud the Royston-1 well soon, which maybe 1TCF or larger in size, and worth anything up to 150p+ on the share price. Thats what I call a good risk/reward as, provided you can wait, you have 150p a share of proven reserves currently selling at 90p....with a further 150p a share about to be drilled. So even if Royston is a duster and the share price falls again, you only have to wait 12 months and you will see there is minimal risk and plenty of reward for someone with money to INVEST....not short term trading. PRD will remain high risk due to funding going forward, I would be a buyer in a placing at 5p or less, the lower the better in reality as the next well will also be a higher risk to reward ratio. Things will only change once they get their first commercial success with a flow tested well that gives the certified reserves. Interesting times for PRD, I think the market will support a fund raising for another well, but if the next well for PRD is also non-commercial then Morocco will have been the graveyard for yet another company..........
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