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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Predator Oil & Gas Holdings Plc | PRD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 10.00 | 08:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 10.00 | 10.00 | 10.00 | 10.00 |
| Industry Sector |
|---|
| OIL & GAS PRODUCERS |
| Top Posts |
|---|
Posted at 23/4/2024 10:53 by mariopeter Curious what any UK government has to do with PRD? |
Posted at 08/4/2024 17:10 by ohdearohdearohdear Bed and ISA'd some prd shares from trading account to the share isa account (through Lloyds). Not too impressed I have to say. Started with 177K....ended up with 163K! I could have done better than that myself... |
Posted at 04/4/2024 08:14 by mariopeter Interesting from Union Jack Oil today. Not for now but at some point this could help PRD. |
Posted at 27/3/2024 13:19 by mariopeter Yes indeed Buffinman. CRH the Irish cement company moved from FTSE 100 to New York and have more than doubled in price in less than two years. You can see what has happened bitcoin too. Agreed enough on their plates at PRD. Selling assets to the oil and gas industry would be ideal as really don't think PG is up for development in Morocco but he may have to get CNG rolling.Will be watching for any others doing the same as CRH though. |
Posted at 08/2/2024 13:21 by mariopeter Real possibility of selling Morocco after MOU5 drilled and tested. That is what the LSE board is referring to. They have been talking about a corporate event in Morocco for some time now. PG can retire and work on Ireland and Trinidad .In Ireland I would be surprised if PRD have not been approached by Fortress who have been let down badly by Minister Ryan on their onshore Shannon LNG terminal. I do note the High Court have allowed Fortress to challenge the planning refusal at Shannon and quite rightly too as Fortress promised no fracked gas and it was refused because the gas was to be fracked! Will be an election in Eire probably in the next 12 months and should Sinn Fein reach government ( the others have to unite against them in a very strange coalition with the Greens to keep them out as indeed they had the most votes) they may well reopen Kinsale where PRD have a huge discovery (1TCF or so). I can tell you that other policies of Sinn Fein make me think they may be a credible government in the next election. Put it this way any government without the Greens would be good for PRD. |
Posted at 02/2/2024 10:40 by mariopeter Thanks for your input Keith . You were right about HE1 being able to announce a strike.All action here in the next two weeks. If Guercif flows like the Gharb next door , as the geological comparison says it should, then very very happy days ahead. We just sit back and let it all unfold. If you remember all the various sands at MOU 3 and MOU 4. Every single sand charged. PG knows what he is doing and was at the crest of this discovery on his second drill. No wonder Chariot have moved onshore …the country may never need its expensive offshore discovery. PRD are way ahead and thankfully not chasing bubbles in the Gharb. If she flows and with that fiscal backdrop, I don’t think PRD will ever own or lease one truck. |
Posted at 02/2/2024 03:04 by kq1 Share prices go up and down, often unpredictably. Undeveloped resources may or may not be commercialized, or not in the expected quantities or at the hoped for profitability. These are all well-known risks.Market makers do not 'play games' or 'manipulate prices', as is frequently claimed here. MMs use algorithms to maintain a balanced book and maximise trading volume - that is how they make a profit. There are no malevolent dwarves trying to steal shares away from naïve private investors. Yesterday's sub-penny drop in low volume is irrelevant in the scheme of things, especially after a substantial rise over a short period of above-average volumes. Of course the usual suspects emerge from the woodwork proclaiming doom. I do not know if they are short term traders hoping to buy cheap, or even paid by someone else so that their masters can buy more cheaply. Whatever, it is also irrelevant - just remember that they are promoting their own interests, that may well be the opposite of yours. Something that is worth concentrating upon is the effects on the value of PRD's assets due to the staged removal of risk. Lionel Therond is one of the most respected analysts working in the oil & gas sector. He was the author of the Fox Davies Capital note issued on 13th July 2023. here it is: [...] He calculates that the unrisked NPV10 of the MOU-Fan & Middle Sands is $1176.4M. That is their value today, assuming that 1/. They are producing commercially as planned, and 2/. The cash flows are reduced at a compound annual rate of 10%, to account for the time value of money. How do we get to 'unrisked'? * Produce combined flow rates at or in excess of 50mmcfgd from around 150m of reservoir intervals. As you know that de-risking events will be in two phases - the first finished this month, the second next month. * Agree a commercial contract with a suitable gas distributor. Again, as you know, the main terms have already been negotiated with Afriquia Gaz, the largest distributor in the country, that happens to be owned by Morocco's PM. * Set up the CNG operation - once again, you already know that the money is there to do this. * Secure an Exploitation Concession - PRD have said they should be ready to apply for this early next month, and given the influence of their partner and the urgent desire to produce indigenous gas, this should be granted rapidly. Removal of these risks gives an NPV10 of £922M at fx rate of 1 : 1.275. With 565.2M shares in issue, that is £1.63p per share. Just for MOU-Fan & Middle sands. No Jurassic, no 'running room', no Ireland, no T & T. By end of next month. |
Posted at 28/1/2024 00:38 by kq1 I put this on lse in response to questions about mentions of Oxfordian in the ITR.* What does it mean? Oxfordian refers to a geological time period159-154 Ma (million years before present), and therefore is classed as Upper Jurassic. Much of the early geological work was done in the UK, and hence many terms are UK-based - in this case the sequence of rocks around Oxford. They were formed around the start of the formation of the Atlantic in a shallow shelf sea with gradually rising sea levels, and consist mostly of mud / claystone, with a few interleaved sandstones and limestones, including reefs. These are sometimes hydrocarbon reservoirs in southern England. Much thicker limestone and sandstone sequences of Oxfordian age are found in the Gulf of Mexico, and form one of the world's most productive h/c systems. * What's this got to do with Guercif? That was my first question! I was aware that in the Essaouira Basin in southern Morocco there are fractured carbonate reservoirs of Mid-Oxfordian age, with hydrocarbons sourced from underlying organic-rich Lower Oxfordian shales, and traps formed from underlying Triassic salt diapirs. But it has been assumed that there are no Oxfordian-age rocks around Guercif - take a look at the geological sequence on p.14 from this document from ONHYM (loads very slowly) hxxps://hydrocarbons You can see there is a discontinuity between 161 - 97 Ma - meaning that rocks of this age (including Oxfordian) have been eroded away and are missing from the geological sequence. So I was very puzzled to read for the first time that PRD is investigating Oxfordian age prosects. * So, what is going on? Remember that PRD were conducting fieldwork looking at Jurassic outcrops around Guercif? I suspect that they discovered that some of the 'missing' rock strata were actually still there, and had characteristics that could make them viable h/c prospects. A couple of you have picked up on the considerable detail about historic drill holes - two of these (MSD-1 & TAF-1X) went right down to the Lower Jurassic, so if the Upper Jurassic was actually there, they should have recorded it. TAF-2 & KDH-1 may also have picked up some traces of Oxfordian. I assume that PRD has been in discussions with ONHYM about this new potential opportunity, and detailed historic well logs have been released and examined. * What does this mean for PRD? MOU-4 found the original Jurassic target 200m lower than expected - the prospect map has now been substantially updated in the ITR compared to the last CPR. It now appears likely that a second Upper Jurassic (Oxfordian) prospect lies stacked on top of the Lower Jurassic carbonate reef that we were calling MOU-NE / Titanosaurus, and other previously unidentified Oxfordian prospects are also on the licence area. MOU-5 will target the new stacked prospects. * Conclusion - we're going to need a bigger boat. |
Posted at 12/12/2023 01:36 by badger60 MP/proJSE is producing and growing...PRD never will, because it's a mess.Lets see how things develop.Imo, year end JSE will be 40+PPS....PRD will be 6p, maybe less, and still pumping out the same old jam tomorrow story. Good luck with your PRD holding..... you'll need it.... |
Posted at 07/11/2023 07:20 by jungmana Fantastic news ;Field Development Plan ("FDP")"PRD has outlined an amended FDP to the MEEI which includes up to 20 development wells to be drilled over 3 years from completion of the Initial Work Programme.A long-term production potential for the fully developed Cory Moruga field of 5,000 to 9,000 bopd (100% equity - PRD net 83.8%) was presented to the MEEI.PRD also presented to the MEEI a possible longer-term miscible CO2 EOR scheme which could be implemented at the appropriate time in the FDP after a period of primary oil recovery.PRD at its discretion can advance the timing of implementation and execution of any or all of the elements of its proposed amended FDP if warranted and subject to MEEI consent and regulatory approvals." |
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