Member Info for Chislehurst

Picked up another 300k - bargain prices

Adonis123 - Agree 100% about the unpredictability of the Irish Government. For PRD Trinidad will be the bread and butter for some time to come and the scope for expansion is huge. Morocco provides a reasonable chance for success, I invested in SDX for a while (too long) and they did exceptionally well at discovering gas. This makes me think they either had expert geologists or there is a lot of gas under the sands in Morocco... one good strike of the drill and away we go. Ireland is a different kettle of fish, there is clearly an opportunity here and Paul is one of the best when it comes to sniffing out an opportunity. But here you will need the patience of a saint, because generally they will talk and talk about stuff for years before making a decision. However, I was surprised how quickly the new coalition killed off the Shannon LNG project, so perhaps PRD might get a look in sooner than expected.
If all three projects come in then name your price for the Company's net worth (100's of millions). If only one of the projects comes good then we will still do very well - and the chances of at least one coming in are very high IMHO.

Hi MEM,
I agree - for whatever reason I don't think the mailbox has been monitored. People working part-time perhaps due to Covid.
See if anyone gets back to you in the next day or so as they are now aware that questions were asked.
For reference the email address for Steve is: sstaley@predatoroilandgas.com

sstaley@predatoroilandgas.com

Just received a response from Stephen Staley about a question I submitted re when we can expect an updated presentation.
Response was that they are working on it. After the appropriate checks by advisors for adherence to the relevant regulations and by newly appointed Flagstaff, it will be posted on their website.
I also asked when we might expect to hear responses to Q&A's submitted ahead of AGM and he wasn't aware of any sent in. I advised that I knew of at least two emails sent prior to the AGM (one was mine, the other from this forum). He will be looking into it.

Ireland are proposing to ban fracked LNG and any NEW exploration and / or drilling. They still require gas to provide their energy and heating.

Natural gas, a by-product of oil extraction and processing, is sometimes flared at the point of production. Liquefied natural gas (LNG) provides a solution for safely storing and transporting natural gas where pipelines aren’t available or viable. Therefore, LNG helps to reduce flaring and monetise the gas that would have otherwise been flared.

PRD are looking to fulfil a potential gap in the market. Provide LNG tapped from existing oil and gas fields (but not fracked US product), storing it safely offshore (probably) and meeting the demand for energy that will rise but not be met by traditional sources, as these will decline because of the reduction in exploration and drilling.

I think Zac Mir said last week that if PRD hits (and maintains) 4 or 4.1 then it's breakout time!!!

sounds good to me!!!

I don't think it will be too long before we start going up in pennies, instead of fractions. Any of the three projects could kick this off; successful expansion of Trinidad operations, spud in Morocco or an announcement from Ireland. Exciting times ahead!!!

As long as PRD avoid importing fracked LNG then they should pick up part of the LNG supply for Ireland. They have to appease the Green Party. Paul is not a fool, he knows there's a deal to be had here.

https://www.independent.ie/business/irish/kinsale-gas-storage-project-now-faces-green-political-agenda-39289175.html

Wonder if that's the overhang cleared? Can't be far away imho.

This would be a major achievement for PRD. As recent reports confirm, Ireland are ready to approve the import and storage of LNG and PRD could be involved. Should this be the case then watch this share take off. I've had a couple of top-ups this morning and will continue to do so on any pullback.

Yes that was mine, I'll be going for more tomorrow.

Lol, I sincerely hope so, I'm not here to lose ;-)

Just bought another 608k @ .0385, this share has so much potential it was worth paying a little extra...

And Robert Trice departs, HUR now a rudderless ship...

I feel that HUR can't move forward at the moment. Spirit are a reluctant partner and are looking for the exit. HUR needs a new partner to inject cash to fund drilling campaign otherwise it is stuck in limbo. Ok it has some cash but not enough to realise ambitions, they will have to fundraise sometime or find another suitor. They also have the bonds (US$230m) due for repayment in 2022 so they have to be prudent with their cash. RRE should stay clear of HUR because it doesn't need to gamble, there are far more obvious certainties elsewhere in the North Sea / W.O.S. HUR's fractured basement is not a dodgy model, it has a lot of potential but it needs someone with deep pockets to really take it forward and in my view will succeed, it just needs a lot of money to fully explore and drill Lancaster, Warwick etc. Also the water cut is obviously an issue otherwise it wouldn't be increasing at quite an alarming rate "perched" or not. Anyway, apologies this is the RRE thread - RRE don't need to merge or buy anyone they are doing very nicely on their own thank you very much!!!

MMM - Very interesting paper, thanks for sharing.

As part of the agreement with FRAM, Predator has the right (until 30 September 2020) to acquire FRAM's interest in the Inniss-Trinity field for US$4.2m. Does anyone think this will happen or will this be rolled over for another year?

LOL speak for yourself, I've still got a huge chunk bought at .0841, at least I've averaged down somewhat with recent buys...

Edison is also "paid for" research and they came out with everything is fine note two days before HUR announced one of the wells is f*cked.....take with a pinch of salt imho.