Member Info for donalb

Treasures, I posted this link on EOG earlier, spud for MOU-5 now expected Jan 25. Have a read thru. GLA.

MOU-5

With this note we are concentrating on the drilling of the MOU-5 exploration well

which is expected to spud in January 2025. This is probing a very significant

structure with potential P50 gross recoverable gross resources of approximately 5.9

TCF of gas (4.4 TCF net to Predator).

https://zakstraderscafe.com/wp-content/uploads/2024/10/20241004-Predator-Oak-Securities-Initiation.pdf

A few thoughts & options, both good & bad, to BRV's & many others contributions here.

For a "state owned offshore gas storage facility", PRD is not guaranteed to be the winner, but is much in the running.

Kinsale pipeline & onshore facilities, were put beyond use by rock berm & fully de-commissioned respectively.

If the Irish gov was to try to buy back & re-open Kinsale for pumped-in LNG storage, whilst refusing/delaying, all legal license applications, it could cost a fortune & open up the State to ECT cases by PRD & EOG & LOGP & would likely drive all honest greens "completely nuts" for the wasteful CO2 & €€€ plan.

If Vermilion/Nephin's 85% empty Corrib field alone is their plan, while sneaky like Einesteinryan, it would still open up the State to ECT cases by PRD & EOG & LOGP, etc, etc.

The best way to guarantee in shortish order "a state owned offshore gas storage facility" without fracked LNG, would be for the Irish state to buy out on some type of NPV10 price, any & all gas discovered in both Corrib South & Inishkea west, Corrib Deep, etc, working in partnership with Vermilion & Nephin. Then they could contract to use as little of this as they choose (as long as the UK keeps pumping over their imported fracked US gas ! look away, no 2 faced irony here :-)

As a bonus, I never fully understood why PRD, simply gave up the Rams Head licence, it was cheap to hold for better days & could even have been sold on to an ECT inclined buyer.

Is some version of a "big deal" already done, where Ryan can kill many birds with one stone (& Apple €€ Billions), that allowed the Green TD's to vote for this. If the Greens did not see their advantage, they could easily have tried to take down the gov & force an even sooner election. Something that may actually have been to their political advantage.

All pure speculation of course, but me thinks we are circling in for the kill. GLA, donalb

AndroclesB, add in PG comments too:

"The Company is delighted to have received an unsolicited proposal from advisers to take shares as a measure of the understanding and confidence that exists in the Company's near-term newsflow activity."

Its all very hard for the trading trolls to explain themselves.

If Sandjet did not work, they would all be gone home & RNS released.

If Sandjet found a low volume of gas flow from few intervals, the tests would be over & RNS released.

If Sandjet found huge & potentially connected gas flows from most of the targets, testing will continue for up to 3 months, as per last RNS, until testing is completed, then data OK'ed by ONHYM & Kingdom & possible partner/sale deals done.

I heard a rumor, the night watchmen at MOU-3 have asked for their pay in shares too :-) I am off to Guercif, to see if I can get a nightwatch job :-))

Morning all, with Lonny's salary, expenses, some options, etc, now gone & with "several advisors" proactively asking for & accepting shares in lieu of £135,000 payments, might it be possible that the new Chair SB, PG & board, also accept their payments in shares, in this Moroccan run to the finish ??? It would be a great sign of confidence in the company & better align the board (excluding PG @ 8%) to the shareholders, whilst freeing up a nice chunk of cash. GLA, donalb

Our new communications advisor is down to 1 out of 5 !!!

MOU-5 Natural gas

With this note we are concentrating on the drilling of the MOU-5

exploration well in Q1 2025 with a target spud in January. This is

probing a very significant structure with potential P50

recoverable resources of approximately 5.9 TCF of gas.

https://zakstraderscafe.com/wp-content/uploads/2024/10/20241004-Predator-Oak-Securities-Initiation.pdf

Adon30, definitely the water, not the panels, you can clearly see the panels shining bright beside them, in 2 of the 3 basins, on this earlier pass.

https://browser.dataspace.copernicus.eu/?zoom=17&lat=34.3215&lng=-3.38632&themeId=DEFAULT-THEME&visualizationUrl=U2FsdGVkX1%2BiXJ9gNSmjJhnaRvuGfFoVPlXYjo6UpnfYALxmsfJHUIHPD4HjX0u7dBiLrcLlLugs2Fc6dF5WVhCohw6zi%2B0soqxiowZs7zZ1WIIDsj0VDYDwKQKc3hvD&datasetId=S2_L2A_CDAS&fromTime=2024-09-29T00%3A00%3A00.000Z&toTime=2024-09-29T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=100&dateMode=SINGLE

Morning Adon30, its just one of the 3 water basins near MOU-3,with solar panels & pumping house, they usually show hot & wet relative to background, though occasionally empty.

https://earth.google.com/web/@34.32118791,-3.38602915,363.28839436a,183.89066771d,35y,0h,0t,0r/data=CgRCAggBSg0I____________ARAA

Last post - 3 birds with one stone

AndroclesB, I like to think of oldslow65's worthy posts as a Finnegan's Wake like "stream of consciousness", an homage to Predator & oldslow65 is our boards very own James Joyce !!! :-)

Cybertron, AGD62 & KeithOz both posted & answered the question earlier.

Silverfoil, best I can suggest is get your hands on one of the Fox-Davies reports, they breakdown all the elements making up the COS %'s. The latest is behind a paywall, but links to earlier ones have been posted here, if someone else can help.

GLA, donalb

Silverfoil, thats our published figure by Scorpion from the 8 Aug RNS, but PRD (knows best) reckons 50%.

An updated Independent Technical Report by Scorpion Geoscience Limited for the Jurassic MOU-5 structure gives net P50 upside Prospective Resources for gas of 5.916 TCF to the Company, with a conservative risking of 12% versus the Company's internal upside Chance of Success of 50%.

Hi Makeabundle, my amateur guess is in the near term, only co-operation/co-ordination to move forward their Barryroe & Corrib South licences, be it against the next gov or going the ECT/ICSID routes. PRD have no free cash today, but some huge very near term prospects in Morocco. Maybe on the huge success case, things could change. Again PRD is mainly a 1/2 man band, Paul Griffiths is ~70, has 3 projects on 3 continents, so not sure if he wants to get involved in others battles full time, not to mention against the 80% LG hand.

I only have my Barryroe 5% rubbish option on old shares & have 10 yrs to take my tax loss, so I keep an eye on you guys fighting the good fight. GLA, donalb

New Predator O&G report from Oak Securities, (accidentally ?) lets slip PRD's potential farm in partner, if Corrib South receives successor authorization. No real surprise, considering their 3-4 Billion sunk infrastructure costs, ie, Vermilion &/or Nephin (Canadian Pension Investments)

"In Ireland, Predator has one offshore exploration licence close to the Corrib gas field which is the subject of an application for a successor authorisation. The Company has received a farm-in proposal from one of the Corrib gas field participants to be enacted upon the award of a successor authorisation".

https://zakstraderscafe.com/wp-content/uploads/2024/10/20241004-Predator-Oak-Securities-Initiation.pdf

New Predator O&G report from Oak Securities, (accidentally ?) lets slip PRD's potential farm in partner, if Corrib South receives successor authorization. No real surprise, considering their 3-4 Billion sunk infrastructure costs, ie, Vermilion &/or Nephin (Canadian Pension Investments)

"In Ireland, Predator has one offshore exploration licence close to the Corrib gas field which is the subject of an application for a successor authorisation. The Company has received a farm-in proposal from one of the Corrib gas field participants to be enacted upon the award of a successor authorisation".

https://zakstraderscafe.com/wp-content/uploads/2024/10/20241004-Predator-Oak-Securities-Initiation.pdf

Tmhsdx6, 560 M + share options outstanding

Might Vermilion/Nephin/CPPIB be interested with Irl & Maroc ???

https://www.vermilionenergy.com/

https://www.nephinenergy.com/

https://www.cppinvestments.com/

Points of note :

MOU 1-3-4 "several more months"

The entire testing programme will take several more months but is important as it will define the way

forward to use the existing wells drilled by Predator as potential gas producers and

to extend the current well inventory to potentially develop a larger material biogenic

gas play covering a core area of at least 68km2.

Ireland - Corrib South - "one of the Corrib gas field participants" ie, Vermilion &/or Nephin (Canadian Pension Investments)

In Ireland, Predator has one offshore exploration licence close to the Corrib gas field

which is the subject of an application for a successor authorisation. The Company

has received a farm-in proposal from one of the Corrib gas field participants to be

enacted upon the award of a successor authorisation.

Link to full Oak Securities Predator report !!!

https://zakstraderscafe.com/wp-content/uploads/2024/10/20241004-Predator-Oak-Securities-Initiation.pdf

Nothing showing on the "real" LSE site, the others sites are screen scrapers. Lets see next week. GLA

https://www.londonstockexchange.com/stock/EOG/europa-oil-gas-holdings-plc/company-page

Morning DEM, a fair point. I heard it as breaking news live on Sky News, maybe ~ 20-30 mins before my post.

It was during live coverage of the meetings in Qatar & Khamenei speaking, with a guest commentator & was spoken on the fly by the presenter, listening through her ear piece. I too, quickly looked for a link or news story to this effect, but did not find an exact one.

As your post highlight the finer points, it reminds me of the phrase, "no point in having a dog & barking yourself" :-)

Regardless, highest daily volume in 6+ months. Good recent publicity or something a foot ?

Thanks wackmeister for your great synopsis. It also reminded me of PG's talk about his former partner company that got sqrewed because it couldn't match contracted delivery rates over time. With AG & AKWA owning a large part of the Moroccan gas storage & bottling & sales market (2 for the price of one, if need be), delivery risks are mostly on PRD's side, so being super sure of delivery rates is only logical.

Also from the last Proactive Interview in May, about 28 mins in, Paul said that ~ value is not in the exploration, but in the testing, then later possibly after testing & MOU-5.

https://www.youtube.com/watch?v=agdQLQtn6ac

If true that PG is in London, maybe its to talk to Private Equity a la Cove !!!

Thanks "bobbybee", you do find lots of good stuff, along with Tommy on the other board.

The Canary.Co describes themselves as follows, I expect them a bunch of communists/anarchists/ecowarriors/paid agitators.

The Canary is a radical working-class media outlet that is run by the workers. We are a co-operative with a structure that is run democratically. We pass decisions in open meetings, where everyone gets a say and everyone’s voice counts – and we make decisions transparently and collectively.

Also Brezhnef & VL, cart before horses me thinks, shared interests does not mean any wish to take on all the intricacies of EOG's portfolio & the complications of LOGP, with LG, the ECT & ICSID (8+ yrs for RKH), Ryan's ghost, etc. Shared interests maybe yes, the rest of EOG, no way Jose !