Member Info for blissful

Odd he didn't include a photo of the rig, just sand, a pit, a truck, equipment and some stressed olive trees. Fascinating.

Probably a lot of sellers among those ramping it up here earlier.

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce an interim drilling update for the MOU-3 well...

It feels as though we have been conned regarding Willeston funding Paradox. Another typical AIM stock.

Thanks for the posts on the presentation, much appreciated.

Tommy Cooper! Good one HH, PG is better than a street card shark with his three card trick, 'spot the lady'. Spot the MOU-2, it's vanished! Testing early June, he needs to come up trumps with this one or join The Wurzels.

Is the presentation on YouTube yet as I can't remember what he said about the high impact wells promised last year? Are two of them on ice with no more drilling this year as they try to get the gas sales sorted out?

You tell me if they have followed through on what they said in June last year, it's not a case of belief, it's fact, they didn't.
'Preparations are well underway for the commencement of a high impact three-well drilling programme to further delineate the scale of the project.'
Did they follow through on 3 high impact wells, yes or no?
As for selling, it's never a good idea to recommend people buy or sell. I bought long term but long term is slowly turning into eons.
It is always possible I missed an RNS to say they had all 3 permit in place but if not, what is happening to the other 2 high impact wells we were promised? If they cannot do what they say they could at least inform us and not wait 10 months (that's hoping we may hear something this evening). It's an appalling way to treat people who have invested money into the company.

Who said it was a dud Oakley? What we object to is being told one thing yet the company does not follow through.

Exactly SCE2AUX. Not wishing to harp about it but to be told 10 months ago, 'Preparations are well underway for the commencement of a high impact three-well drilling programme to further delineate the scale of the project.'
And then to have the one well go ahead with no news of cancelling the other two or anything else about them is insulting, a bit like politicians' empty promises before an election.
I know they've painted the town black but did they even get the permits for the other wells or was that just a ruse to keep us happy?

Adon 30. I remember that broken promise of an update but everything with this company seems to be subject to big delays or a change of course so whatever CH has to say regarding any future plans I will take with a pinch of salt. Their attitude erodes confidence. I expect tonight we will get a good juggling act with the figures for Willeston that will make everyone clap. But whatever happened to this statement (23 June 2022)that said. 'commence a 3 well high impact drilling programme later this year (2022):
Following the successful completion of State 16-2LN-CC well test and after taking into account the conclusions of the CPR, the Group intends to commence a high impact three-well drilling programme later this year to further delineate the scale of the project. This will include:

-- one delineation/development well targeting the Cane Creek reservoir in Zephyr's 25,000-acre WSU (the "State 36-2 LNW-CC" well);

-- one exploration well targeting Clastic 9 to see the zones potential to host a resource play (the "State 36-3 LN-C9 well); and

-- one delineation/development well in the historically prolific Cane Creek Field (new acreage south of the WSU)

Is it really advisable to have a webinar unless there is something really positive to say about gas sales? If CH concentrates on Willeston and the future looking good for Paradox with no clue when the future will be we will be back at 4p. I am keeping my fingers crossed but am a long term holder who has already held quite a long term!

Agreed but we have had this over and over again and the sp is still struggling to hold on to 5p. It doesn't matter if, 'The Acquisition is immediately accretive to shareholders', or not if they cannot capitalise on it. We may as well buy acreage on the Moon full of gold!
Of course, I am hoping CH will come up with something new in these 'exciting times', but the proof will be in the pudding. So far the biggest event has been to 'paint' the rig and surrounding area black. If that's exciting so be it. Interest in the USOTC shares is pitiful, another day of nil trades today so far. There seems to be silence over the apathy there. Let's see what tomorrow brings, fingers crossed.

I really hope so too but I am less than hopeful Setanta1.

No, nothing new, just the same old guff about being good stewards of the environment, looking after investors' money as it dwindles away, no one killed in the disaster, clap on the back for the clean up crew, massive potential at Paradox, spending $ms on tiny %s of new Willeston wells and plans for another drill which could take until next winter to get all the necessary permissions in place. And... we look forward to keeping investors informed with all the upcoming news flow.

Look at the sp, it can't even hold on to 5p, doesn't say much about people's expectations does it?

We knew what the purpose of the last one was as well as the interviews. I am now sceptical of anything he says unless it is backed up by real facts. The sp does the talking and it has gone nowhere in the past year, or even longer now. Okay, there will be more wells at Williston but that's not what I am interested in as they are supposed to be funding Paradox. As I recall there were supposed to be 10 wells drilled this year - what happened there? I am a long term investor here but no webinar is going to do anything for me if is just more waffle, self-praise and guessing at future plans that slowly melt away into nothing anyway. I still live in hope but mostly look on this as a poor investment decision.

What's wrong with chartists, better than chancers - four candlesticks please!

I had a phone call from TP as well. I can't see the webinar will hold any special news unless there is an RNS before then. What have other webinars/interviews produced, usually a drop in the sp. What we need is positive news on Paradox and the start date to sell gas. What we may get however, is news of another 5% interest in a handful of new wells at Willeston to pay for another well at Paradox for which they are awaiting permissions. If they haven't bought all the Paradox acreage already we may get an addition there as a way of offloading a few $m. But not until Paradox has been commercially proven with a constant stream of cash flowing into the bank account will this move ahead to the relief of long term holders.

Great post D1nger. Had to repost it for those who may have missed it!

CapexToday 00:35
Mr Positive posted an excerpt earlier today that Matd believes should Velociraptor be successful they will be able to produce 90k barrels per day by 2028 with a CAPEX of $5 per barrel. That is absolutely insane. $5 per barrel? Wow!

I’ve always loved fantasising about what could be and this had me wondering all day about what this means to those of us willing to see things through.

If, and it’s a big IF, that happens then Matd would make $1.8 billion a year profit before tax at $60 per barrel. If Matd awarded 10% to shareholders as dividends then that would be equivalent to 18p per share.

Then I imagine what if the price of oil was $100 per barrel? Well it would be $3.1 billion per year profit or 31p per share dividend.

That is just Velociraptor if successful. Fox would provide the same again if successful. So would Phoenix.

Heron is just under one third the size of Velociraptor but it also has the potential to provide dividend generating profits and that is the significance of the granting of the LP.

So if Velociraptor, Fox and Phoenix are all successful and each of them produce 90k barrels of oil per day then this company can realise a profit of over $5.4 billion a year before tax.

We currently have an mcap that reached $50m today. In 4 or 5 years time our annual profit could be 100 times our current mcap.

Then we have our renewable energy project to think about and the other targets.

It’s scary but it’s worth thinking about if you are considering selling below 10p per share.

Might not sleep tonight lol.