Member Info for Cephalo

@Gudin - For clear perspective, the remaining $1m of the purchase price is payable in stages between late 2026 -end of 2027. The rest is paid already. No further outgoings on Trinidad & Tobago until August 2026 when they have to pay a tiny $250000.

Your statement is completely misleading and full of errors - "For perspective at that rate it will take 2 and half years to recover the purchase price or 3 years to fund a well in Morocco."

“ Trinidad offers the security of a mature onshore oil province that has been producing hydrocarbons for over 50 years. Predator is assembling a portfolio of onshore producing fields with opportunities for production enhancement and additional infill development and appraisal drilling. Significant legacy tax losses, economies of scale and the application of new low-cost technologies are factors that can improve profit margins per barrel of oil produced.‘

Possibly want to have the TT deal signed off. It’s fair enough if any deal is imminent in a matter of days. Who knows, maybe there’s news in the pipeline elsewhere. Ireland?

Most of the red are buys, the spread is deceiving. Possibly to make you think they are sells, but the smaller buys were all going for the ask

The Amazon rainforest is one of the most efficient absorbers of CO2 on the planet. Politicians prefer to avoid responsibility for the real causes of global warming in favour of boosting the economy and creating absurd new methods of supposedly saving the planet. By keeping the population in a state of fear, they buy into all this 'green' hysteria. Electric cars are selling like hotcakes in the UK, mainly to people on benefits with large numbers of children, being given the latest cars on hire purchase subsidised by the government (Motability) to give the illusion of a burgeoning industry, and to sustain jobs. The tax payer is paying many times over from increased energy bills, through to the tax take needed to fund the above. Miliband is running a green racket. It's amazing what you can do when you borrow money from the IMF yearly, and tax workers to the point where there is no real growth, just spending.

Actually Empire, your commentary had the 15 minute delay, I saw the 500k while you had just announced 200k. Not as smart as you would like us to believe

Empire, one thing I can quickly tell (easy to tell btw) is that you are not a pro-trader even in a boiler suit, just an amateur. You might or might not be right about a placing but it's guess work.

Why? Your thoughts would be appreciated on it.

Dickien, it's what I was also musing

I also think this is why there is murmuring about looking at Helium in MOU3. MOU3 and 5 are connected directly.

"The Jurassic Titanosaurus is a shallow thermogenic gas prospect evaluating 249m of potential gross reservoir thickness in a trap of maximum closure of 187 km2 for pipeline gas to power, with pipeline 2.5km from wellhead". Today's RNS

MOU-5, is the wellhead to which they refer, being that distance away. It's worth re-iterating this because the implication is the plan hasn't changed since before they drilled MOU5 i.e. they got the result they were looking for. MOU6 will penetrate a more optimal part of the same strata as MOU5. Clearly they do not need the sweet spot to set about producing.

"Drilling of the high impact MOU-5 well will evaluate potential both for helium and a gas-to-power project adjacent to the Maghreb Gas Pipeline". RNS sept 2024

I wouldn't mind betting that first gas may come from 5 and 3, and it maybe before 2026 year end.

Would anyone like to explain this to those short on receptors, like myself?

So, top 3 discoveries of all time?

I am not sure if people are forgetting, but the Oak securities valuation was solely for the mou5 prospect.

“Oak Securities Initiation targeting 148p/share valuation (Risked) solely on PredatorOilGas’s MOU-5 prospect onshore Morocco.

MOU-5 is targeting a SIGNIFICANT #NaturalGas structure with an estimated P10 5.9 TCF (trillion cubic feet) of gas.”

This obviously means PRD is worth a whole lot more. The data from that well appears to be connected with the outcome of mou3, otherwise why wait to publish your conclusions until after the results of the mou3 flow testing. I like the fact that they are systematically appraising and planning (delineating?), it’s the best chance of achieving proper market value. The question is, if Oak have not accounted for any of the other drills (except for subsequent mou5 exploration) and there is overall connectivity in some of the strata, the valuation would naturally be multiples of 148p. How many multiples is anyone’s guess, but I can’t help wondering why they valued it on the basis of just mou5 unless - either they knew that the previous wells were just so boring and full of dust, or they were in some way part of an overall understanding of 5.

That’s what’s been happening in the asylum that is the UK, mab. Seems the socialist morons will do anything to appease minorities even if it means arresting people for complaining about crimes they commit. Am I exaggerating? No. We are governed without common sense by dangerous idiots, who brainwash the young at school, and adults through every institution and work place. And apparently we voted for them.

[I mean to say, the placing that PG 'complained' about?]

Are Peel the ones that bought in on the placing? Reminds me a bit of GKP when the did a debt for equity raise at 9p, the price was held in place until they offloaded the lot at 11p. Then it lifted off.

May 1798 so not very recently

His Majesty Mohammed VI, Client Number 5090190103

The king of Morocco opened an account in Geneva in 2006 with his personal secretary Mounir El Majidi.

Any analogies to Shaikan 1 in terms of volumes or scope?