Predator Oil & Gas Share Discussion Threads

[ohdearohdearohdear] 26/2/2024 17:34

Depends if we have (good) news gjltech. In which case 12p might be a little pesimistic.

[gjltech74] 26/2/2024 17:29

added a few more sub 9p, will be back to 11/12p by Friday

[ohdearohdearohdear] 26/2/2024 16:32

The buyback from those who panicked last week will continue this week :-)

[jungmana] 26/2/2024 14:05

And don't forget T&T too. Should be generating cash there soon.

[gowlane] 26/2/2024 12:54

It is tantalising, you know that he is going to fail time after time yet we keep on hoping.

But I suppose you have to admire the creativity of PG in coming up with new excuses

Phase 1 was supposed to evaluate reservoir quality and potential gas flow rates at this location

We have not yet apparently flowed enough gas to boil a kettle of water and all we get is mumbo jumbo about formation damage

It is also the first time I have seen 'gusts of wind' mentioned in an RNS revealing a failed drilling operation.

Perhaps the wind blew PG's hairpiece down into the well and it blocked everything!

That is as plausible as the clever stuff you sometimes see posted on the LSE website, which seems to be all based on google research, apart from Jimmy that is.

There must be a real danger the Moroccans will finally lose patience and boot us out.

Sometimes it seems like we are being groomed for that news with all these ominous reminders about permit extensions.

[pittcock] 26/2/2024 12:24

Rumours of prd's demise were unfounded, what a surprise!A few people scalped i'll wager. When you panic you lose moneys simples.

[ohdearohdearohdear] 26/2/2024 12:10

Just awaiting the approvals and then onto the sandjet testing.

And let us not forget Ireland.

[john henry] 26/2/2024 08:20

The Market seems to have completely discounted this hugely positive Interview.

[jungmana] 26/2/2024 07:58

PG is confident that the gas will flow with the sandjet system. If it does then 50p here we come.The Company is confident that Sandjet will achieve its objective to establish gas flow ·    Analysis of gas samples confirms up to 99.57% methane suitable for CNG development ·    MOU-5 Jurassic well planning on track 

[ohdearohdearohdear] 26/2/2024 07:57

Watch the folk who panicked and sold out last week buying back in this week.
What fun :-)

[helpfull] 26/2/2024 07:50

The force is strong here.

Was Phase 1 testing successful?

Some people already have the gas trucked up the road to a LNG port.

Really?

Not quite so straight forward.

"Readers should take into account all production forecasts are dependent on
successful outcomes of the Phase 1 perforation testing programme"

"Readers of this ITR should take into consideration all aspects of Phase 2 Sandjet testing on secondary targets are contingent on the outcomes of Phase 1 conventional perforation testing"

Read the ITR (pg48/49).

Phase 1 testing was a disappointment.

It did not live up to the hype.

It is a poor foundation to build upon.

Be careful.

[cashandcard] 26/2/2024 07:40

Well, for all the money spent this far, they need to deliver gasflow, no ifs no buts. Cash

[divmad] 25/2/2024 22:31

I'm waiting for someone to tell me that sandjetting as a solution to the heavy muds well issue is a "slam dunk". Somehow I don't think it is and that's why there will now be an element of doubt and additional risk attached to the share price until the flow testing results confirm the promise.

[ohdearohdearohdear] 25/2/2024 19:50

Of course they have no basis. That has been crystal clear to all for a long time, surely?

An exciting week awaits :-)

[nametrade] 25/2/2024 19:43

So danmart either has no answer…or hasn’t come back to work yet.

purple though is ………;….. “pretty certain”

Thanks for your insightful posts.


Is your “pretty certain” based on a lot of sandjetting experience please?


So you have no basis to make those comments…..as long as Everyone here is crystal clear…

cheers.

[ohdearohdearohdear] 25/2/2024 19:07

Really looking forward to the coming week. Those who sold out will be scrabbling to buy back, for sure :-)

[purple11] 25/2/2024 17:28

He spins a good story and knows how to milk it dry , but so far has come up with nothing.

[grannyboy] 25/2/2024 12:54

Well it's obvious that Griffiths has a propensity for creating more shorting opportunities than longs!

[purple11] 25/2/2024 12:00

im pretty certain it will fail.i certainly wont be punting any of my money on it until i see the results.

2p if it fails.gl

[nametrade] 25/2/2024 11:39

Please provide your basis for …. More likely to fail than succeed…?

[danmart2] 25/2/2024 08:16

If the sand jetting fails (more likely to fail than succeed) this is heading back to 3p, May even drop further as they have diluted the share holding since the 3p days.

High risk here and not high reward

[helpfull] 24/2/2024 10:45

The force is strong here.

"Some great info on Sandjetting posted on LSE"

And they might all be making the same mistake.

"Small" perforating guns were used in the Phase 1 tests and failed to flow gas.

When the guns were used it was believed they would be sufficient.

Although there are some posters who would have you believe it was a slight of hand by management.

Probably the same people who thought that there were pools of water seen on satellite images prior to Mondays RNS which indicated Mou-3 test was successful, and Mou-1, and that the company had started drilling Mou-5 and Mou-3 SSE and Mou-3 NNW and that the CNG had expanded to 250 MMcf/d.

It wasn't quite true.

Read the RNS:

"presence of potentially deep formation damage"

"are very confident that we can design the Sandjet testing parameters to extend
beyond the zone of formation damage"

"We are however fully aware that we need to flow gas from our main zones in the
most effective manner after accounting for formation damage, and we have
confidence in Sandjet achieving that objective"

The Phase 2 testing puts the company back in the position it was in before Phase 1 testing.

It is a test.

If the result was certain there would be no need for a test.

Be careful.

[blackdogtaff] 24/2/2024 10:40

Thank you John
Bdt

[john henry] 24/2/2024 10:11

Some great info on Sandjetting posted on LSE.