Member Info for Auc1

Yea should be an update re Trinidad H1 revenues b4 the end of the month.

I believe the investment case is most compelling for any1 willing to familiarise. The BOD 55% holding think so too. And that was before Morocco assets got bagged.

“Ignore the tripe that comes from Malcy”

Hmmm. And listen to a bitter anonymous lse poster instead? Tell ya what I’ll just listen to me own brain when I read PRDs RNS’S.

For context.
Paul Griffiths, CEO of Predator commented: "We are delighted that we have found support from Arato Global Opportunities in providing funds which will enable Predator to proceed with the award of the Guercif licence in Morocco. Guercif represents a high impact, low cost, near-term drilling opportunity in a sophisticated and stable business and operating environment that is well understood by management. We are excited by this opportunity and by the potential for cash flow from Trinidad C02 EOR operations through 2019, which can underpin our plans to become a significant gas player connected to the European gas market."

BOD own 54% . They havnt sold a single share. Storm in a teacup moment for some that don’t see the bigger picture.

I Bought into PRD as an investment, not a short term trade. The story from the off has only got better. I’m completely relaxed about the relatively small number of CLNS. Some retail investors i know own more, a mill plus themselves. In the greater scheme of things a drop in the ocean. And remember why the funds were raised. To fast track Morocco. Not running costs keeping lights on issues here. BOD own 54%. Revenues due to flow H1. £6M cap is an absolute snip on a risk/reward basis investment.

Hi all I’m away on a walking holiday at the mo so my absence isn’t because I’ve sold out! Disappointed on the pullback but nothing goes up in a straight line. Very happy holding and looking forward to the incredibly exciting assets progressing

Im in heavy on PRD and a hobby too. WHEN (not if lol) it comes good and I’ve money coming out my ears oh what to do with it. Prob an oversees property with year round pleasant weather Tenerife ticks that so can live a much more outdoor lifestyle. I’ve gone cold on the Brit climate it can be restrictive. Alpine villa sounds good too for a couple months skiing. Bring it on

...and an exercise bike at the side of my bed

I’m finding keeping busy whilst not working is a full time job. Sounds bizarre but it’s true. There’s a lot of good disciplined stuff to said about the early alarm call. It gets one up, and out, and about. And without it some days I struggle to surface before noon. The flip side being I then don’t hit the sack till 4 or 5 the following morning. I’ve found the best motivator to be exercise of any kind. A walk, or bike ride does it in spades for me. Staying off the bevy is key too. Being under 50 ive had an early taste of what real retirement will be like so in that regard I’m lucky I know what to expect and when that day arrives I’ll be making sure I have a very loud alarm clock.

Hi HT, hope ur on the mend. might ur gout be case of having too much of a good thing? Ur Constantly dipping ur big toe in for here for more PRD. :) all the best Hulty I think I’m coming down with gout too :)

I’m still here n going nowhere. Chilled as chilled can be

Chancers - yep very interesting times ahead. Love the assets Paul has put together. All potentially game changers and all combined keep the pot boiling nicely.

Chancers lols it’s a funny old game this investing lark. Gizzard I agree re Morocco and the gvt seemingly bending over backward to help you. But how much for Ireland’s largest undeveloped discovery (with permits granted etc?) and Trinny and wider Caribbean for Co2? PRD still my pick for 2019 by a long chalk. It’s got WOW written all over it.

Chancers i tucked in for some more recently near 9.5p. Only holding one other stock. UPL. As much as I like PRD I never go all in on one stock. That aside If this was already £25/30M cap (25/30p) no one would bat an eye lid. Three wow factor projects on the go quite exceptional with mgt driven to deliver with a history of being able to deliver. Incredibly Exciting times look likely. And soon.

Hi Gizzard ticking the Trinidad pilots off will be the starting gun for many. There’ll likely be a race for stock (mgt holding 55% + other LTH sticky hands) and low cap all the ingredients are there for a rather tight squeeze on this stock lols. I’ve followed the BODs suit and absolutely loaded myself up with these.

Hi chancers - re getting movement on the SP. Paul seemingly drives this 24/7 as he seeks to land ‘the big one’ ( as he puts it) lots more mega movement very likely. I wouldn’t bet against it.

Re Today and Ireland. Don’t forget Corrib South Ireland. Transformational potential awaiting frontier licence.

Yet more good news from Predator where today we get news of the updated CPR from Ram Head, LO 16/30 offshore Ireland. The report suggests that a conceptual gas field development is feasible with a minimum of ten wells to be completed over three gas zones. The 49/19-1 well drilled by Marathon in 1984/5 shows a gross interval of 270 feet with 80 feet of potentially productive sand and a potential gross gas column of 400 feet.

The independently validated new reservoir quality information facilitated the commissioning of a Conceptual Ram Head P50 Gas Field Development Study, based on new information, better analysis of reservoir quality and new technology meaning that this information had never been found before. It is expected that the gas will most likely be produced by a depletion drive mechanism with an Ultimate Technical Gas Recovery of 96% based on a gross GIIP volume of 1,834 BCF. With this in place the CPR envisages that the initial plateau gas production rate with the ten wells as mentioned above would be an estimated 400 mm cfgpd.

The report suggests that this approach is technically feasible and at a total cost of $20.2m using the re-entry of the old well rather than by drilling a new appraisal can be achieved. Whilst this is clearly an entirely new presentation of facts with regard to developing this prospect it looks at first glance to have a more than realistic chance of success. It it were to go then there is a strong indigenous gas market in Ireland and also potential to export to the UK would guaranty high levels of sales at extremely competitive prices. Accordingly it must be worth the ‘further evaluation’ discussed by CEO Paul Griffiths and ‘an intensified effort to attract drilling partners’ to take this a stage further.

As today’s CPR highlights “The size of the prize” should help hurry the process along