Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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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...
...feeling the stress please arrange for a couch visit with GRH and F&M as they seem totally oblivious to the lack of results.
There are also a few comments from Paul Griffiths in the article:
Paul Griffiths, chief executive of Predator Oil & Gas, said there was an element of
wilful ignorance in the situation. "On the one hand you don't want fracked gas and
you ban fracking.But on the other hand you import gas which nobody can be absolutely
certain where it comes from."
Article in Sunday Times about future Irish gas exploration - notes issues around licensing:
"Only companies with existing permissions, including Europa and Predator Oil & Gas, can progress licences, which have been beset by delays when seeking extensions from the government."
Thebold - absolute nonsense.
Jimmy,
Appreciate the reply, thanks.
nicknorth,
you say:
"can't see any accumulation going on with trade volumes. unless the big players haven't reached their target price yet."
i have been closely monitoring any sign of accumulation for months. there hasn't been any.
a couple of the resident know it all's (no prizes for guessing who!) have said there was. even after asking the pertinent questions to anyone on this forum to prove me wrong. not a single person has been able to back these baseless claims up.
there was certainly no background accumulation in the 14 trades ( s****** 🤭) this share generated in 8.5 hours on friday.
I’ve just listened to that interview again, it’s all A little bizarre actually especially when Paul says he can only eat chicken !!! funnily enough no mention of Sandjet operations at all , just bigger guns, so clearly Sandjet perforating was not planned for our wells when wells were designed..
Prd previously prioritised flow testing of mou fan in mou 1 and 3 which would then facilitate a production concession licence. They also suggested testing of the very shallow unlogged reservoir in mou 3.
Interestingly, the last announced flow testing did not include the 50 meters of shallow reservoir in mou 4, yet it’s recently referenced as gas bearing, so who knows if it will be tested.
With regard to the mou 4 Jurassic 2 meters of likely gas, I would flow test it, because if it did not flow I would not drill mou 5 updip.
Jimmy
Did PG not hint at something similar this time last year in that Sunday roast interview? Yet here we are a year later and still don't know if we have flowing gas to sell
Jimmy,
I am not necessarily expecting testing of this zone in the forthcoming SJ programme.
Are you?
In the recent presentation Paul mentions several times that the" focus" for SJ is to be the middle sands, in the expectation that these are likely easiest to penetrate, so path of lest resistance.
Once the requirement for a mid-case CNG operation is met, i am not therefore convinced that further testing is a given.
Quite what is meant by "focus", im not sure, but ive taken it to mean priority, with other zones considered optional.
All three wells feature in the activity schedule at the start though.
?
He's alluding to the Project in Morocco rather than our daily volume.
Always curious when GRH says "big money involved".
Can't see any accumulation going on with trade volumes. Unless the big players haven't reached their target price yet.
.......the jackboots have given my post a good kicking, wonder who could be behind that. You are right Older
Hope it is this year and I hope nothing less than£1
I would be extremely happy as have been on a 5 year long journey
GL
GRH. .. .. .. #PRD
💥 M&A
💥 This Year
Very interesting re what GRH has said above. Thank you. My question: does he think that this will apply "only" to the Moroccan assets, or to Trinidad and Ireland also, ie the whole company? I understand that the Trinidad assets are similar in size to the Moroccan ones, and also that they have recently been added to. All the best to genuine investors.
I have re read the mou 4 rns
“ As previously announced the culmination of the Jurassic carbonate target lies 2.6 kilometres to the southeast of the MOU-4 well location and significantly higher than at the MOU-4 well location. Therefore a positive rigless testing result in this zone would help to de-risk the larger Jurassic structural closure in respect of reservoir development and migration of gas. These were two of the most significant pre-drill exploration risks.”
A flow test would validate the gas, which nuetech reported as likely, not certain, and would hopefully establish the gas water contact. Possibility of a gas condensate contact which would be interesting.
Jimmy
So glad that the oil and gas is at a depth that is achievable to get at, not like some that profess to have knowledge way belong their depth - Oh well 🤔
GLA
That could get a little confusing as the post has disappeared. Related to Blueglow post.
There you go, another one for the bin. How dare you.