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Porters, you know they've been trying to organise that for at least the last 6 months, right? Bureaucracy and logistics have not been aligning.
Hi matt, I am reading the fully risked TRACS 2c numbers , and that is what they say, the page you refer to is mentioning the un risked high case ( 3c) from our interpretation and even those numbers add up nowhere to near what some are saying here. There is a massive difference from 2c and 3c and from fully risked to unrisked ?
Prd might want to consider getting on with testing the wells that have drilled and prove up what they have already. They have raised the funds several times to do it. It is the only thing that matters and the only thing going to move the market cap positive
Bold, you are reading it wrong. See also page 36.
It's you
Is it me, or is the pumping here from usual suspects sounding just a little more desperate. ?
i have reread the TRACS report and I cannot understand how the in place factual 12 bcf [ net to us) 2C fully risked prospective and contingent resource is turning into multiple TCF as a near given. Perhaps high profile rampers instead of pumping with complete waffle that hardly anyone understands, it may be better to go back to basics and extrapolate just how we could/would reach multiple TCF from the currently in place TRACs report numbers ? This would serve our cause better I think.. meanwhile hopefully we hear news on SJ commencing within next 8-9 days as advised by high profile posters. …
Pardon me for asking, but if the geological terrain at Guercif is so blinding obviously on a scale equal to the biggest previous N African finds, why on earth hasn't at least one supermajor been crawling all over it, with success, with their combined manpower and scientific resources?
From now on, I'm switching off until PG issues those long awaited transformational flow test and MOU-5 drilling RNS(s).
Nothing else really matters.
GRH. .. .. .. Folk might wish to consider
⭐The extraordinary
geo thermal gradient at Guercif
⭐The GTG in part of Libya
⭐Specifically, the Zelten Oil Field
⭐The oil and gas production profile of Zelten
#PRD
BRV
Thank you, I'll have a read on the train tomorrow.
Am I reading that TRACs report right ? Pages 95-96 , From Mou1- Mou3 we only have 2c fully risked contingent resource of 7.76bcf net to us and 2c fully risked prospective resource of 5.72 bcf net to us ?
What am I missing here ? Where is this equating into multiple TCF ?
Unrisked prospective resources are highly speculative and do not represent current reserves, future production or even future possible reserves.Estimates of future production, cash flow guidance and certain expenses may be considered to be future-oriented financial information or a financial outlook
Do you not want to find out if gas is their?
@Porters
I would like a lollipop 🍭
I would like PG to confirm a date for flow testing
IJWT,
See Table 3.1 on p99 of the prospectus (P6 of the TRACS CPR) for the licence details:
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2023/08/20230810-Project-Allossaurus-Prospectus-FINAL.pdf
If there is a link to licence details, much appreciated. I'd checked the website and also Sleeping Giant but could not locate the full Ts&Cs or whatever version of them may be public domain.
TIA if anyone can help.
GRH. .. .. .. In the context of
😇the First Extension Period /timing
😇and more widely ...
Would it be quite something
were PG to confirm
😇'3 D is for the next man'
BTW...
Did anyone go to the recent presentation? Folk might want to consider
If drilling the Jurassic ...
Then deeper to the Triassic ...
Would cover a major item of work commitment (2,750m)
Of the Second Extension Period
#PRD
AV
I'm pretty sure Potential is in the OED and has a specific, so unlike your posts it doesn't mean nothing.
In this context the.potential is the possible discovery or a major gas resource but it is by no means certain- possible though so for many they are willing to see if the potential reward comes to fruition hopefully within a sensible overall risk approach to portfolios.
Av: by saying you don’t believe in the potential means that you’ve just admitted that you’re not invested in PRD ! So it’s true that you an alternative agenda .
Dave ; good post and as always the gentleman
It’s the 20th February rns which is important
“ Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated.”
Waiting on that update now.
Jimmy
Dave wrote:
“Paul Griffiths, Executive Chairman of Predator, commented:
"I am pleased to confirm that 2024 is set to be the busiest year for activity since the Company was incorporated.
"The addition of a substantial, near virgin, field appraisal and development asset onshore Trinidad provides the Company with the potential to generate strongly positive cashflows in 2024 to contribute organically towards further development of its assets."
The only word in that paragraph that means anything is POTENTIAL. I have potential to be a multi millionaire. In actuality it means nothing 😂
Another sting to add to our bow, we should generate cashflows this year…..
so, SJ ops within 9 days commencing, MOU5 drilling within 30-40 days drilling, M&A this year, T&T development this year, £4-5 SP with in 12 months,… strong buy imo…
“Paul Griffiths, Executive Chairman of Predator, commented:
"I am pleased to confirm that 2024 is set to be the busiest year for activity since the Company was incorporated.
The addition of a substantial, near virgin, field appraisal and development asset onshore Trinidad provides the Company with the potential to generate strongly positive cashflows in 2024 to contribute organically towards further development of its assets.
Star Valley Rig 101 contracted to drill MOU-5 during April - May 2024.. is there a slight delay.. who cares it ain’t going anywhere..😎
No I don't think so. Quite welcoming actually, help with learning the language, integration into the system, getting a job, health system is top notch, Dr's appointments in a few days not months. No gangs of kids running around stabbing people, In 2 hours I can drive to Switzerland, france,Netherlands, Luxembourg. Plenty of parks/forests to walk the dog, drive as fast as I want in some parts. The list goes on.
But again, have a very good bank holiday today. Our next one is Thursday and Im working again, but it's OK, double pay and time off in lieu. 😘
Mrninjazx6,
Germany must be desperate these days...