Member Info for davwal

I shall feel a lot more comfortable when the licence extension is received. The thought of that becoming a point of contention isn’t a nice one.

PRD stated Phase 2 could commence as soon as early February, but getting Guercif Petroleum Agreement Amendment #4 was a prerequisite. So that suggests PG thought they could get the extension tacked onto #3. That clearly hasn’t happened, with no indication in today’s epistle as to when it would be forthcoming. I just hope Management hasn’t peed off ONHYM.

Just an observation, but PRD schedules invariably go backwards, as per MOU-1 it seems, so I don’t personally think Phase 2 has started and in the same vein wouldn’t expect drilling being brought forward. More likely it will slip based on previous form.

If work at MOU-1 is only now commencing, it further suggests Guercif Petroleum Agreement Amendment #4 has been awarded given #3 expired ten days ago.

I don't think GCHQ allows links to public domain chat groups...

Maybe it’s been issued. Technically, as No3 expired on 5th Feb, they shouldn’t be doing anything at all right now without it.

Consummated..? Do you mean we’ll all be well and truly fooked.!

Given the MOU proposes a three-year period for the maximum 50m cf a day to be reached, the final agreement could presumably commence relatively quickly once the (so far unstated) guaranteed minimum production level of CNG has been reached. I’m sure all parties are onside for the commencement of production asap, and the ducks are lined up nicely.

Eh?! 7.62% down and suddenly back to level…

Today’s drop is going to fan the flames of uncertainty…

Presumably to quickly access a significant but different market via the pipe, assuming they’ve by then already got enough coming from MOU3 etc to meet the cng demand.

The more the last broker’s note is read, the more obvious it becomes that it was a struggle to dress up the core content, constantly stressing it’s based on what management told them. Lipstick on a pig comes to mind, and I bet they can’t wait to produce the next one! One thing was clear though - £2B AUM was not just a sexy target, it was essential for the business to be properly viable.

Organic increases even..

Given their own target of reaching 2B of AUM BY 2025, they have eleven months left to acquire 1.3B worth via M&A. Of course they will… I’ll be interested to hear about the level of generic increases of AUM for those businesses already taken over - if they have.

MMs fishing for stock from tight stops?

If there was positive news in Ireland, I’d not be surprised if there was a bit of interest from third parties in buying Predator out. Come a decent offer, I suspect PRD would take the money and run.

Agree. The update seems to imply the license extension is being very seriously considered rather than simply being rejected out of hand as part of a climate change crusade. That in itself is a hugely significant shift in Government thinking. Reality is sinking in, finally. They may attach a few conditions but it looks promising now.

The last planned testing was announced 5 Oct for no later than 16th, so 11 days notice. It still failed to materialise and they delayed telling the market. I’m not counting then chickens…

I assume F&M and the sage are one and the same. It would be too pathetic if it's someone spending their life waiting to relay every weird word from the mountain top.

It seems the thought of getting thousand bagger has put some folks off…