Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Barbados
Yep. And the BoD hold 50% of the stock
Buying at these levels is like insider dealing. I've got these coming out of my ears. I didn't sell a bean when SP hit 12p last year. Neither did the CEO. A game changing 'opportunity' opening up in Trinidad. And possibly the wider Caribbean.
How the hell is this price down here... this has fantastic growth potential and a strong environment pillar
Certainly is incredibly topical. reducing carbon footprint etc. an insightful forward thinking write up. Mega opportunity to"potentially" get very big very quick being fast tracked and backed by all sides. the opportunity certainly wasnt lost on Paul when he bought 44% and seized exclusivity on all trinidads vented C02
Part 2
Elsewhere PRD is in a strong financial position, the IPO raised £1.3m at £0.028 per share through the issue of 46,428,600 shares (of 100,137,150) and only 8,593,159 shares have been issued since then at an average price of £0.0565 per share, representing only 7.9% shareholder dilution. Also through the issue of these shares 32.3% of debt has been repaid whilst retaining £1.17m of cash in a bank guarantee for the Moroccan work programme which will be returned after drilling.
Morocco is an exciting prospect which I shall return to soon, but there Predator has a potentially transformational drilling campaign for significant quantities of gas intended to replace coal in Morocco’s power stations. A play-opening opportunity where Predator has an option on a currently ‘hot’ rig in the area, it is owned 75% at present giving PRD the option to trade equity or use other arrangements.
Overall Predator looks like a very interesting play indeed, rare enough in the energy sector to be able to play the ‘green’ card through its technically excellent CO2 EOR programme, ticking the ESG and sustainability boxes. The management is both highly experienced and aligned with shareholders interests, dilution is a dirty word and its success is part of its part of its response to climate change concerns voiced in the market place. Could this be the answer to a green fossil fuel conundrum?
Great find auc
Columbus as operator has this morning announced that CO2 has been successfully been injected at the Trinity Innis field, onshore Trinidad. This is incredibly good news for Predator, indeed one should call it a very important operational milestone for the company as, with the company already beginning the process of sequestrating the CO2, lays the foundation for developing a carbon credits strategy for the future.
As the first mover in this area in Trinidad it establishes Predator as the key player in CO2 EOR operations in country and as such will breathe new life into the mature oil fields currently being developed. More importantly, PRD will be differentiated from other peer companies in that it has already secured exclusivity over Trinidad’s entire supply of surplus CO2. Indeed the PRD management team initiated the CO2 EOR concept for the field, designed the CO2 delivery system, sources and imported the key equipment from the USA and designed and supervised the downhole web completions for CO2 injection. This included a number of regulatory and environmental approvals as well as technical subsurface analysis.
Importantly, PRD has with this success, has delivered its strategic objective of executing pilot CO2 EOR injection using its cash resources raised at IPO in May 2018 without the need to seek additional funding from the market by implementing rigorous cost control management. With valuable intellectual property rights for its CO2 EOR injection design and subsurface analysis PRD are in a strong position and they still have the exclusive cost-free option to acquire FRAM, operator of the field for less than $0.48 cents a barrel for high estimate recoverable resources, pending development by CO2 EOR of 8.9m barrels.
This success has serious implications for Predator going forward, having re-risked the CO2 process and injected into the target reservoir the company can justifiably see first revenues and indeed revenue growth, not just for the company but for the process in Trinidad. This will not have gone unnoticed at Heritage who have the largest inventory of mature fields onshore Trinidad and thus creates the opportunity to work together using the template established by Predator who have worked well with Columbus.
Finally on operational issues it should be noted that this success will immediately be flagged to ‘green’ investors as this is an alternative to businesses with poorer sustainability credentials, reduces CO2 emissions in line with ESG best practice in a world with ever increasing requirements.
Elsewhere PRD is in a strong financial position, the IPO raised £1.3m at £0.028 per share through the issue of 46,428,600 shares (of 100,137,150) and only 8,593,159 shares have been issued since then at an average price of £0.0565 per share, representing only 7.9% shareholder dilution. Also through the issue of these shares 32.3% of debt has been repaid whilst retaining £1.17m of cash in a bank guarantee for t
Predator Oil & Gas / Columbus Energy
Columbus as operator has this morning announced that CO2 has been successfully been injected at the Trinity Innis field, onshore Trinidad. This is incredibly good news for Predator, indeed one should call it a very important operational milestone for the company as, with the company already beginning the process of sequestrating the CO2, lays the foundation for developing a carbon credits strategy for the future.
As the first mover in this area in Trinidad it establishes Predator as the key player in CO2 EOR operations in country and as such will breathe new life into the mature oil fields currently being developed. More importantly, PRD will be differentiated from other peer companies in that it has already secured exclusivity over Trinidad’s entire supply of surplus CO2. Indeed the PRD management team initiated the CO2 EOR concept for the field, designed the CO2 delivery system, sources and imported the key equipment from the USA and designed and supervised the downhole web completions for CO2 injection. This included a number of regulatory and environmental approvals as well as technical subsurface analysis.
Importantly, PRD has with this success, has delivered its strategic objective of executing pilot CO2 EOR injection using its cash resources raised at IPO in May 2018 without the need to seek additional funding from the market by implementing rigorous cost control management. With valuable intellectual property rights for its CO2 EOR injection design and subsurface analysis PRD are in a strong position and they still have the exclusive cost-free option to acquire FRAM, operator of the field for less than $0.48 cents a barrel for high estimate recoverable resources, pending development by CO2 EOR of 8.9m barrels.
This success has serious implications for Predator going forward, having re-risked the CO2 process and injected into the target reservoir the company can justifiably see first revenues and indeed revenue growth, not just for the company but for the process in Trinidad. This will not have gone unnoticed at Heritage who have the largest inventory of mature fields onshore Trinidad and thus creates the opportunity to work together using the template established by Predator who have worked well with Columbus.
Finally on operational issues it should be noted that this success will immediately be flagged to ‘green’ investors as this is an alternative to businesses with poorer sustainability credentials, reduces CO2 emissions in line with ESG best practice in a world with ever increasing requirements.
Just out. Extended commentary from Malcy. Reads Uber bullish to me :)
v o x m a r k e t s
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