Member Info for AHP007

Yes i understand about CLF
The Company received Shareholder approval on 13 June 2019 for the authority to issue up to 100 million Ordinary shares to cover the Loan Note conversion and the exercise of the warrants granted to each of the Lender and Novum Securities. The nominal amount of each Loan Note is £1 and the aggregate principal amount is £1.5 million. There is no coupon attaching to the Loan Notes and the term is 24 months after which the Loan Notes are repayable in cash in an amount of 105% of the principal amount plus a fee of 10% of the principal amount being repaid. The Lender has also agreed to make available to the Company a further £250,000 principal of Loan Notes on the same terms, subject to certain conditions, for additional working capital if required. The Loan Notes are convertible at the election of the Lender at 105% of the principal amount being converted. The conversion price is calculated as 90% of the volume weighted average share price of a Predator Ordinary Share as shown on the London Stock Exchange for the two trading days immediately preceding the notice of conversion from the Lender. The Loan Notes can otherwise be redeemed at any time by the Company in cash in an amount of 105% of the principal amount plus a fee of 10% of the principal amount being repaid. During the period £350,000 of the Loan Notes have been redeemed by conversion into 5,110,803 ordinary shares. Https://www.investegate.co.uk/predator-o--38-g-hldgs--prd-/rns/interim-results/201908160800022060J/

When our assets are proven the above will be peanuts. Listening to our CEO there plan it to shore up the assets then sell the Company to the highest bidder. Which will be very good for us shareholders GLA

Predator has a 75% interest in the Guercif Licence together with its partner ONHYM, the State oil company

The Guercif Licence (“Guercif”) is located onshore Morocco and comprises four Exploration Permits, I, II, III and IV. It covers an area of 7,269 km² and lies approximately 250 kilometres due east of and on trend with the Rharb Basin where shallow gas production has been established by SDX Energy Plc for several years. Guercif also lies approximately 180 kilometres due north-west of Tendrara where deep discovered gas is currently being appraised and potentially developed by Sound Energy Plc.
Licence Terms and Work Programme

The Licence equity holders are Predator Gas Ventures Ltd., a wholly-owned subsidiary of Predator, 75% (operator) and ONHYM, the State oil company, 25%. ONHYM is carried through exploration but funds its pro-rata share of all costs upon a Declaration of Commerciality.

The Licence is for 8 years and is split into an Initial Period of 30 months; a First Extension Period of 36 months duration; and a Second Extension Period also of 30 months. After each Licence Period there is an opportunity to withdraw from the Licence without entering the next Licence Period.
https://www.predatoroilandgas.com/operations/morocco/

Atlantic Margin - Corrib South
Corrib South lies only 20 km. south of the Corrib subsea gas gathering manifold making it a candidate for a potential subsea tie-back. Spare capacity is forecast to be available in the Corrib infrastructure within the likely time framework for drilling and potentially developing Corrib South
https://www.predatoroilandgas.com/operations/ireland/

Inniss Trinity oil field Well Participation Agreement
Trinidad lies within the Eastern Venezuelan Basin which is one of the largest oil provinces in the World. The Inniss Trinity field lies in the southern part of Trinidad where, as a result of thrust faulting during the Middle Miocene orogeny, several NE-SW trending anticlinal folds developed. Several oil fields which produce from similar age turbidite reservoirs are located along the trend, including Penal-Barrackpore, Cory Moruga, and Moruga West. The Miocene Herrera turbiditic sands are the main oil reservoirs and underlain by Cretaceous marine shales which are the main oil source rocks. Oil reservoirs occur between 500 and 3,500 feet in the IPSC area
https://www.predatoroilandgas.com/operations/trinidad/

Oil Rises on Hopes of U.S.-China Trade Deal
Reuters - Total said it had signed deals to transfer some of its assets in Kenya, Guyana and Namibia to Qatar Petroleum. In
Namibia, Total will transfer to Qatar Petroleum a 30% interest in Block 2913B while keeping a 40% interest. Total will also

transfer 28.33% in Block 2912 while retaining a 37.78% stake. In Guyana, Qatar Petroleum will have 40% of the company holding Total's existing 25% interests in the Orinduik and Kanuku blocks. In Kenya, Total and Eni will transfer a combined 25% interest in Blocks L11A, L11B and L12 to Qatar Petroleum
https://www.nasdaq.com/article/oil-rises-on-hopes-of-us-china-trade-deal-cm1203714

Africa Oil Announces Spud of Joe-1 Well Offshore Guyana
https://www.newswire.ca/news-releases/africa-oil-announces-spud-of-joe-1-well-offshore-guyana-890685044.html

Onward and upwards for the next 18 Days until we get that RNS announcing more oil at Joe.

Views expressed are my own GLA

27-Aug-19 16:54:37 160.50 500,000 Buy* 155.00 157.00 802.50k

It has been announced that the Joe well on the Orinduik block, offshore Guyana was spudded on Sunday. Joe-1 is looking at a different feature (Upper Tertiary rather than Lower as found at Jethro) but carries a similar COS as Jethro did with a target of 148.3 MMboe of gross unrisked prospective oil resources.

On an unrelated but most interesting note, Total has announced this morning that it has signed deals with Qatar Petroleum to transfer some of its assets, in particular in Guyana and Namibia, as part of its bilateral deal. For Eco Atlantic this is really interesting as the company has some choice acreage in Namibia where country sentiment is rapidly improving as a continuous stream of big players enter the country and we know that Total only offers its best blocks to its buddy QP
https://www.malcysblog.com/2019/08/oil-price-dgo-eco-atlantic-reabold-solo-jadestone-providence-and-finally/

P.S
https://markets.ft.com/data/equities/tearsheet/summary?s=PRD:LSE.

The SP is like a Oil Tanker, Slow to start and once moving hard top stop. The ship has started and with only Free float 46.21m. Thing will move very quickly

GLA

Predator Oil & Gas Holdings plc is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a Pilot Enhanced Oil Recovery project using locally-sourced carbon dioxide for injection into the oil reservoirs (C02 EOR). Near-term expansion and growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field and potential acquisitions of assets suitable for C02 EOR development, subject to all necessary approvals. In addition, Predator also owns and operates exploration and appraisal assets in current licensing options offshore Ireland, for which Successor Authorisations have been applied for, adjoining Shell's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the Kinsale gas field and Barryroe oil field in the Celtic Sea. Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is initially prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline.
https://investing.thisismoney.co.uk/fundamentals/PRD

French oil major Total signs asset transfer deals with Qatar Petroleum
PARIS (Reuters) - French oil major Total (TOTF.PA) said it had signed deals to transfer some of its assets in Kenya, Guyana and Namibia to Qatar Petroleum.

In Namibia, Total will transfer to Qatar Petroleum a 30% interest in Block 2913B while keeping a 40% interest. Total will also transfer 28.33% in Block 2912 while retaining a 37.78% stake.

In Guyana, Qatar Petroleum will have 40% of the company holding Total’s existing 25% interests in the Orinduik and Kanuku blocks. In Kenya, Total and Eni will transfer a combined 25% interest in Blocks L11A, L11B and L12 to Qatar Petroleum
https://www.reuters.com/article/us-total-qatar/french-oil-major-total-signs-asset-transfer-deals-with-qatar-petroleum-idUSKCN1VH0GE
https://www.offshoreenergytoday.com/qatar-petroleum-farms-into-totals-deepwater-blocks-offshore-namibia/

ECO has spud its second prospect, Joe, on the Orinduik block. The shares have
been exceptionally strong performers, up 286% YTD, but we believe there is
further to go given the extensive and exciting prospectivity across the Orinduik
block. We are raising our risked-NAV and price target by 20% to 171p to adjust
our prospect resource estimates to 100% oil following the Jethro discovery,
which encountered no gas. Of note is the fact that our risked-NAV only currently
includes 6 of the 15 prospects identified to date on the Orinduik block.
Joe spud. Eco has spud the second of its exploration wells on the Orinduik block,
targeting the 148mmboe Joe prospect. The well is again being drilled by the Stena
Forth drillship and is expected to take approximately three weeks to drill.
? Joe worth 63p/sh unrisked. Joe is a 148mboe Upper Tertiary target in 700m water
depth, with a similar geological chance of success (GCoS) as Jethro. We value Joe at
17p/sh assuming a 43% GCoS and a 67% Commercial CoS. Fully de-risked, we
estimate Joe is worth 63p/sh. Coming hot on the heels of the Jethro-1 success,
expectations are high.
? Strong cash position. ECO reported results to end-June last week. After drilling its
first successful well on the Orinduik block in Guyana, Jethro-1, ECO currently has
C$35.7m (£21.9m) of cash remaining, which should be sufficient to fund its 15%
share of up to six exploration, appraisal or development wells on the block.
? Raising price target. Of note for Jethro is that the discovery contains only oil, with no
gas encountered. We had previously assumed the Orinduik prospects held some
associated gas, which would have to have been reinjected and therefore had no
value. Adjusting our models to reflect 100% oil prospects raises our risked-NAV and
price target by 20%, from 142p to 171p/sh. This valuation only includes six of the 15
prospects identified so far on the block.

https://researchlibrary.finncap.com/Public/Details/Eco%20Atlantic%20Oil%20%7C%20Gas

Eco Atlantic Oil & Gas kicks off Joe-1 exploration well
https://www.proactiveinvestors.co.uk/companies/news/901518/eco-atlantic-oil--gas-kicks-off-joe-1-exploration-well-901518.html

Why Investors remained buoyant on: Predator Oil & Gas Holdings Plc

https://nysenewsguild.com/tag/predator-oil-gas-holdings-plc/

160-170

Spuds Joe-1 Well, Offshore Guyana

Colin Kinley, Chief Operating Officer and co-founder, commented:

"We are very pleased to have spudded on Sunday our second exploration well on Orinduik. After the discovery made on Jethro in the Lower Tertiary, which greatly derisked that age section throughout the block, we are now moving to an Upper Tertiary target in the Joe prospect where we are targeting over 100mmboe. If a further discovery is made, it will further enhance the value of the block with this shallower play. The estimated chance of success for Joe is the same as Jethro, although it is a completely different play, and we are confident in our 3D interpretation as we were ahead of the Jethro-1 discovery.

"We look forward to continued success in our exploration efforts as we move forward to define the plays available to us in all the various geological ages and to develop this block.

Colin Kinley, Chief Operating Officer and co-founder, commented:

"We are very pleased to have spudded on Sunday our second exploration well on Orinduik. After the discovery made on Jethro in the Lower Tertiary, which greatly derisked that age section throughout the block, we are now moving to an Upper Tertiary target in the Joe prospect where we are targeting over 100mmboe. If a further discovery is made, it will further enhance the value of the block with this shallower play. The estimated chance of success for Joe is the same as Jethro, although it is a completely different play, and we are confident in our 3D interpretation as we were ahead of the Jethro-1 discovery.

"We look forward to continued success in our exploration efforts as we move forward to define the plays available to us in all the various geological ages and to develop this block.

Eco Spuds Joe-1 Well, Offshore Guyana