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Just in case you want to answer on this post Nige!
@ Little Nige
Do you have any experience in dealing with any of the following:
1. Running a business
2. Oil and Gas
3. Strategic legal advice, risk detection, prevention and mitigation……
I know you’re slow so to help you point 3 is very loaded.
I’m happy to learn!
@ Little Nige
Do you have any experience in dealing with any of the following:
1. Running a business
2. Oil and Gas
3. Strategic legal advice, risk detection, prevention and mitigation……
I know you’re slow so to help you point 3 is very loaded.
I’m happy to learn!
PG really ought to fundraise from the forthcoming probable (according to PRD) SJ testing success. That confers flexibility and money to progress Ireland and T&T.
Why don't PRD focus on raising the Corrib South LO to an FEL and stop raving about an FSRU in order to focus on developing indigenous gas from Ram Head?
Honestly, I would call in a consultancy to provide guidance. He must develop honesty about his senior citizen status (which I respect).
They had a special relationship in T&T, summarily booted out for a time!
GRH. .. .. .. . A Guercif comes along once in a lifetime
So...
If I was Paul...(Yes, I know)
I would want to test as much as possible...lateral extent
And as many strata as possible...vertical extent
Prior to accepting M&A
➡️Timing and news flow are critical in achieving that ⬅️
#PRD
Good posts Munnie, yes I'm more than aware of PRD's placings 'strategy', free to view here but called 4 out of 5 of them within two weeks inc a couple in the same week and one on the day.
Back of the net!
Made a schoolboy error on placing #5 as they were actually drilling at the time....doh.
Not interested in wildcat #5, it is for extreme gamblers but is it really 12% GCOS? Extraordinarily low, almost a basin opening gcos and to be fair Predator have most definitely backed up and improved upon the decades old predecessor well. GRF1 was it??
I don't understand how CHAR jumped the queue and got the use of SV-101 before SOU and PRD. I thought from last year's developments (cold stacking whilst the mud issue was being worked on) that PG and Lonny had a special relationship with the rig owners.
That 25p ain’t getting any closer Bob
That's a good tune, off beat
I’ll raise you this Bob.
Never appreciated it at the time.
At the fairground
https://youtu.be/KiRyiVgWj6g?si=HJLQAN5pd1UgmQdO
Late to catch up.
Great that extension has been granted.
Sandjet can mobilise.
Best rns we've had since phase 1 results.
Jimmy I get your frustration but at least things can Start moving now.
Captain Sensible etc have only one thing in mind ie that is shorting the shares ! Some gullible ones would fall for the nonsense they spew others would avoid the rubbish they offer. Expect more from folks like these going forward.
They would try harder than b4 in the coming weeks and month.
Mou5 is currently funded from uncommitted discretionary cash. I would not say there will definitely not be a fund raise before drilling
Jimmy,
I don't believe that you are posting as someone else and think you have a lot to offer this board. You raise some interesting points and find it strange that some jump so readily to conspiracy theories. I'd rather listen to straight talking points of view and facts as opposed to riddles (which waste everyone's time). Keep up your posts even though I may disagree on occasion.
I remember Captain Sensible on the Telegram group.
Eventually he inadvertently posted and signed off another name and then quickly deleted his post once he realised.
Wasn't quick enough though 🙂 I had already screenshotted it then re posted it so that all could see his duplicity.
There appears to be similar posters on here.
Just to let them know..........We see you.
GLA
Here for a teddy bears picnic 🧸 🧺
@munnie, I'm confused, does prd have a good chance of success or not?
"Again, prd is not one of them and shorting a company with prd prospects would be foolish"
So in short, you're looking for a cheaper entry point or waiting for a placing.
For clarification:
I said that funding will be required at some point in time. Various ways to achieve that and all depends on test results.
My point is that we are fully funded to carry out the testing and drill one more well. My understanding is based on the RNS. It is a legal document. Are you saying that Predator are issuing false financial figure?
I therefore feel it highly unlikely that predator would look for more funding before issuing the sand jetting results.
It would also have a massive negitive impact should we attempt to raise more money without proving up anything.
The only addition fund raise I would personally approve would be to finish off MOU-2 and additional funding to test MOU-5 and 2. (Not sure if Mou-5 is funded for testing)
The time scale has slipped but the research still keeps me firmly holding tight to my shares.
Are we not forgetting T&T, i think there might have been an rns relating to the outcomes there and what the financial benefits could fund.
Better that than Helium One who publicly stated they needed funding and caused they share price to crash.
Madman Rob
88e also just said they were 'fully funded' not a couple of weeks ago in numerous 'legal documents', as you put it. But then immediately placed for £5m shares.
Now, its entirely ludicrous to compare prd to 88e. 88 are a well-established sh*itco who will likely trade in the 0.000s of a penny eventually. Prd is not that. But both need funds to ensure survival, and you will know if you have read all the previous rns here (as I have) that Prd placings have come multiple times in spite of posters such as yourself stating it cannot/will not happen etc etc.
The director of prd even lent his own shares in a very tortuous attempt to create headroom. Worked, but not before the financial advisors seemingly quit soon after. Coincidence? Guess we will never know. But yet you say a placing cannot happen... Doesnt follow.
I would urge you to review all prior rns and capital raises. Not least the 11p raise for testing (again) which sunk the sp and traded it at 7p range pre christmas.
The rns are there to read.
Yes, not currently in. I was in, but sold down due to the last rns and went away and made good gains shorting sh*itcos on AIM.
Again, prd is not one of them and shorting a company with prd prospects would be foolish.
But watching and waiting does not seem so foolish at present. That is all. Openly bearish shorter term. Agree with you that the potential value is huge, dont doubt that. Just feel that more delays likely and capital raise probable/possible.
Yes, my opinion.
You state " my opinion " and that's all it is.
It's almost comical to watch how the various expert's post. First you get a long time troll hinting about funding needed. Then it's seconded by another poster who is not even invested. Like buses I expect a third attempt (or more) at undermining the share price. Paid trolls are part of the game.
Funding is always needed, everyone knows that, but not at this point in time.
First we will carry out the fully funded sand jetting program and next drill.
I will write again "fully funded".
So....Do we believe in your personal view or a legal document with the wording written in an RNS?
Everything, including funding, will be dependent on the test results .
A thumbs up to Jimmy. Keep up with your honest thoughts. Always welcome.
It's down to trusting your own research and knowing that despite the hold ups nothing has changed with the potential value of Predator.
We will test.....
We will drill one more well...
Ijt.
The average success rate in the rharb basin is circa 80% for prospects that Avo seismic signatures, which is one reason why I invested in predator as it also has Avo seismic signature.
It will be interesting to see whether chariot or predator achieve an onshore gas flow test first.
Predator report potential gas reservoirs of over 175 meters, which need validation by flow testing, then I am expecting the market to substantially re rate predator.
Chariot onshore primary targets are two wells with a reservoir thickness of 10.5 meters each, so a lot less production potential. Both companies need to flow test.
Jimmy