Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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NEW ARTICLE: Predator’s Lonny Baumgardner misleads investors as he unleashes twitter diarrhoea #PRD https://t.co/Z7j4xuyZt6
Good afternoon everyone...
Was really hoping for a stonking Rns this morning, but hey ho. .anyhow, on to reason for posting, if there's a fund raise so be it...it will(should ) be worth it...if it's a Jv, we give up 25% of Guercif...but which bit? All(mostly) uncharted/unsurveyed at present....so take your pick...
Right, I noticed on twitter earlier on that everyone's favourite wind up merchant/general faeces stirrer has been bad mouthing Lonny....person in question has the initials TW....I guess everyone knows who he is?...have sent Lonny a tweet with the article attached in case he wasn't aware...and no I did not pay to read said article..but will add a link in next post if anyone wishes to add funds to this person's account.
Gla
Taff
Bdt
Good evening everyone, just been rereading Lonny's tweets from earlier today...I know he tends to tweet sometimes cryptically ...sometimes with spelling mistakes( very busy man so can't blame him for that) but still like this one ...
Copy pasted from twitter.(Lonny)
"Our Chairman is just back from meeting politicians in Dublin. Predator can do that because management views are respected and Predator Mag Mell is being reconised as an important contributor to security of energy supply."
End of copy /paste.
Vaguely important bit I noted was last sentence...
PREDATOR MAG MELL IS BEING RECOGNISED AS AN IMPORTANT CONTRIBUTOR TO SECURITY OF ENERGY SUPPLY...
My capitals....so they hopefully may not be just talking about it? Bearing in mind Paul was in Ireland and Lonny I assume was in Morocco, unless he just got sent the photos of mou4 site....but thought both would have been in Guercif it is vaguely important at moment,just my musings but gives people something to think about.
Gla
Taff
Bdt
Good afternoon everyone, just a little observation....
Testing is allowed for in our budget..(mou1) civil works are sorted for mou4/mou5...but going by March rns, it is supposed to be Mou5 drilled first ....before Mou4...don't shoot the messenger I can only go by Rns..
Copy/pasted from Rns
MOU-5 is now being prioritised ahead of MOU-4 for the first well in the drilling programme. Following desk-top modelling of seismic response to gas in MOU-1, two shallower gas targets additional to the primary "MOU-4 Fan" appraisal target have been identified at the MOU-5 well location. The shallowest of these targets had strong formation gas shows in MOU-1 (dry gas) and was penetrated in MSD-1 where good quality reservoir was logged....
And yes I do know we intend to drill back to back, just wondering why Mou4 site is undergoing civil works first...
Anyway, nice to know we got boots on the ground so to speak, and a nice bit of spray paint for well site to show for our investments :)
Gla
Taff
Bdt
Good afternoon everyone...quiet day on bb and Grand prix practice sessions are now on afternoon break (more of a gentle trundle really )so done a little bit of reading (again) of annual report...
I honestly can't remember the % figures and porosity being reported as being this high ...
"Post-well reservoir characterisation by Houston-based NuTech interpreted a gross TGB-2 interval between 1,226.5
and 1,300 metres TVD MD with 12 metres of net potential gas pay, with a maximum porosity of 29% in one sand and a corresponding maximum gas saturation of 70%. Five separate zones within this interval have been selected for
perforating during rigless testing in 2022."
Anyhow back to reading to try and find more snippets.
Gla
Taff
Bdt
Good evening everybody, and thank you Privatetesla for pointing out relevant pages....through squinting myopicaly at the Rns posted this morning where all the fuss was made and people panic sold..
("Doomed I tell you, doomed) .
. found this little nugget which just goes to show that a lot of the Rns was just Copy pasted from earlier memos ...
The Company has appointed SLR Consulting Ireland Ltd. to update the Company's Moroccan CPR and it is likely its gas resources attributed to the MOU-1 drilling target will be re-categorised as Contingent Resources pending development from the pre-drill status of Prospective Resources. Re-categorising the gas resources will potentially assist with a partial sale of equity in the discovered gas to fund a pilot CNG development.
Key words are
"it is likely its gas resources attributed to the MOU-1 drilling target will be re-categorised as Contingent Resources pending development from the pre-drill status of Prospective Resources. Re-categorising the gas resources will potentially assist with a partial sale of equity in the discovered gas to fund a pilot CNG development."
All recategorised in March? Rns...
Anyhow, today's drop just put us back to what we were at yesterday morning, so not worried....just awaiting next (Good) Rns now.
Gla
Taff
Bdt
Sorry had minor emergency so finished message a bit quick, not a serious one I hasten to add.
Right...Mou1 testing, I understood/thought that testing could take a month? Flow rates etc....can't see rig crew being kept in Guercif for a month twiddling thumbs, playing scrabble etc whilst waiting for results(Mou1) so in meantime would they be setting up in Mou5 well pad...in readiness for mou1 success or would that be counting chickens etc....
Thoughts anyone?
Still waiting on end of year report as well...
Gla
Taff
Bdt
Good morning everyone,
This is my take on testing... Mou1 test.. then go for mou 5. Mou4, mou ne..
Mainly due to wording in Rns 12/May/2022..
Copy pasted from Prd Rns.
"Rigless testing of MOU-1 will be aligned with the presence of in-country drilling services, materials and equipment mobilised from overseas for the start of the 2022 drilling programme. It will be carried out cost-effectively in conjunction with the testing in a success case of up to 3 wells."
Second sentence is the important one.. "in a success case"
Can only go by what Prd put out in Rns so that's my take on it.
Gla
Taff
Bdt
Good morning everyone,
Copy/pasted from March Rns
"Existing working capital is sufficient to meet the Company's existing commitments and corporate overheads in 2022, including the testing of MOU-1 which will be synchronised with mobilising the well" etc etc
Gla
Taff
Bdt
Hiya Sevendragons, hope you're keeping well.
Just to put that sp drop into context...the pennies dropped from 8th April from my account works out to
"Environmental Impact Assessment for potential CNG pilot development at Guercif"
Copy pasted from Prd rns 17March
Lots of ££££s. ..
And yes I do hope there is some "news" soon...still awaiting Annual report, also "no show" yet on Lonny's purchase of shares in last fund raise? Surely it doesn't take this long to show up in Directors dealings?
Strangely as well, Ceg are up circa 10% today !!
Gla
Taff
Bdt
From 8th April until a few minutes ago, we have dropped approximately 43.9%....the way it's going it could look like Lonny's share options at 5.9 may be expensive come July 29th :(
Hiya Kasjnaton...agree with most of your message, but having re read the Rns...just a couple of words make all the difference...bracketed words are mine
"Two(plural) primary candidates for a potential farm in have been chosen etc.. "
"The company is proposing(not has proposed)The successful candidate(singular)a sixty day period of exclusivity...."
I know it's nit picking, but have learned to read every word of any Rns for any ambiguous wording...
As matter of interest, still got a lot of trust in Pg, Lonny ...still holding a great deal (to me) of shares.
Gla
Taff
Bdt
Oops... wrong links posted twice...sorry
European E&Ps Weekly Movers
#EME #ARG #ZPHR #WCAT #DELT #EDR #SOU #PANR #PRD #GBP #IGAS #PGR #BLOE #PET #NTOG #AEC #ADME #TET #PPC #CHAR #DEC https://t.co/baowZjmwoU
This is right one...
Taff
Bdt
TSX Oil & Gas YTD Share Price Performance
$PEA.TO $PRQ.TO $PNE.TO $SGY.TO $GTE.TO $BNE.TO $ATH.TO $ITE.TO $PPR.TO $OBE.TO $OBE.TO $IPO.TO $JOY.TO $CR.TO $IPCO.TO $BTE.TO $MEG.TO https://t.co/IZEATmVPIa
TSX Oil & Gas YTD Share Price Performance
$PEA.TO $PRQ.TO $PNE.TO $SGY.TO $GTE.TO $BNE.TO $ATH.TO $ITE.TO $PPR.TO $OBE.TO $OBE.TO $IPO.TO $JOY.TO $CR.TO $IPCO.TO $BTE.TO $MEG.TO https://t.co/IZEATmVPIa
Hiya Zeusvalhallah, everyone....as usual have been reading the bb....lot of unrest re comms/info...how much longer is silence going to go on? Still have my considerable (to me ) holding, but lack of info re website (seriously out of date) and occasional Lonny tweets are not doing anything for company or my wellbeing(financially) at moment...have we (Prd) met any of our published timescale objectives this year....
Test mou1
Eia mou4/5
Etc etc ad infinitum
Looking more and more that June/July is going to be earliest drill date...as opposed to q1 ....but what's 3 months when people/cointries are clamouring for gas....
Come on Lonny/Pg....getting beyond a joke now
Gla
Taff
Bdt
Good morning wackmeister, everyone...looks like i picked a good time to check the bb...
Those data centre figures are frightening!! 20+ million homes worth of electric !!and Ryan saying to the Irish to save electric by putting thermostat down etc and giving tax breaks to the largest users of electric in the country!!, can see why the jourrnalist said that the satire newspapers should give up!!.
Would love to see a transcript of the dialogue between the members of last Tuesdays presentations etc or perhaps a video?
Anyhows ... enjoy the long weekend everyone.
Gla
Taff
Bdt
Thank you utilityone1 ...and ddboy for the nice comment, mentioned the aeroplane because lots of people give views/info on bb's without anything to back it up.....not really happy travelling in helicopters, had a few hairy experiences joining/leaving Ss uganda in ascension island in 1982(date/ship should ring bells) was merchant navy until 2years ago and now wasting/enjoying my leisure time, as matter of interest, flying(once up) is easier than driving a car...
Leave you all in peace now and spend day wondering why Predator is nosediving.
Gla
Taff
Bdt