Member Info for Early_Bird

Very solid interview by Paul, left feeling extremely confident. Helps having a CEO that owns over 1/3rd of the entire company!

You wont find that level of SH alignment anywhere else

https://twitter.com/VoxPodcast/status/1232658872734711808?s=20

DFS due next month, financing, binding offtakes, mining licence could land at any time also.

Coronavirus fears market wide causing some to be margin called, I bet many will be looking back at these prices wishing theyd loaded to the gills!

Buy when others are fearful, sell when others are greedy...

Good to see

ludicrous sell off

great shame , people are now chasing the bid and we are back down here.

rewind back to Alan Greens coverage, sees potential for £50-70m (12-15p) valuation once DFS delivered

Close financing too and see that as reasonable as the economics are extraordinary

https://bit.ly/3bOUXfU

Very happy with that, can see this building now in anticipation of DFS confirmed for next month,
Doubling of throughput form year 4 onwards should really boost the NPV! I think this DFS could blow the doors off.

Remember WKT was 15-18p equivalent on their DFS (which likely is inferior also).... this has legs

Cant wait until Friday. Abu Sennan will be UOGs and Brian can then shout from the rooftops about how amazing this asset is.

There is £150k of broker Fees and £250k of cln at 4p that's sitting on the book atm.

I get £280k of net buys since announcement so im guessing £120k more buys and we'll start seeing some traction and once that happens itll get chased hard.

last word is cut short "due to the lack of compartmentation"

Rig now booked spud likely April/May

Strong Location and Commercial Terms:

• Opportunity for early cash flow on drilling success due to strong gas market; high gas prices; and proximity of gas infrastructure.

• The initial target for gas lies less than 10 kilometres north of the Maghreb - Europe gas pipeline, which has spare capacity in the event of a major gas discovery, which is the desired objective of the drilling programme planned by Predator

• One of the World’s best fiscal terms for petroleum exploration and production – 5% royalty and 10 year tax holiday

The Perspectivity following recent CPR:

• SLR has reported that the Miocene Tortonian reservoir in the Moulouya Prospect has a Best Estimate gross gas in place of 646 BCF with recoverable Best Estimate prospective resources of 320 BCF net to Predator using only a 66% recovery factor (High Estimate 659 BCF net to Predator based on higher in-place gas). Unrisked NPV per BCF of Miocene discovered gas is estimated by SLR to be US$1.95 million, generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$624 million.

• For the sub-salt TAGI reservoir in the Triassic Prospect, SLR has a Best Estimate gross gas in place of 515 BCF with recoverable Best Estimate prospective resources of 155 BCF net to Predator using only a 40% recovery factor (High Estimate 283 BCF net to Predator based on higher in-place gas). Unrisked NPV per BCF of Triassic discovered gas is estimated by SLR to be US$1.34 million generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$207.7 million.

• The SLR total combined audited net Best Estimate prospective resources for the first tier prospects are 474 BCF (943 BCF High Estimate), representing an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$831.7 million.

Prospects Derisked through nearby gas shows:

• An off-set well, GRF-1 drilled in 1972, less than 1.5 kilometres to the south-east of the edge of the seismic amplitude anomaly, had dry gas shows in some high quality Tortonian (Miocene) reservoir sands. The same reservoir sands are exposed at the margin of the Guercif Basin where they are interpreted as deep water turbidites and form thick, stacked multiple sand bodies.

• The gas potential of the area is further enhanced by the recognition of TransAtlantic of up to 128 feet of untested gas pay at the base of the Miocene in GRF-1 with average porosities of 20% and average gas saturation of 20%. Two micro-seepage surveys carried out for TransAtlantic by Geo-Microbial Technologies in 2006 and 2007 also identified dry gas around the GRF-1 well in soil samples.

• The Directors believe that the Moulouya Prospect therefore represents a low risk proven gas play that is a potentially play-opening, opportunity for shallow gas in multiple, high quality reservoirs. Significantly the potential for a very large accumulation exists due to the lack of com

£8m Cap
£4m Cash
BOD own 35%+

Morocco drill for me the most exciting of 2020

Fully funded

£500m-£1bln NPV

34% COS

4km from main Gas pipeline

Morocco one of the best gas pricing/tax regimes in the world

PLUS Trin C02 business = no one trick pony

good to see.

Really good feeling about this one

MMs normally get circa £100k of stock in placings like this
Then you have £250k cln stock at 4p (rest being paid off via $1m security held against drill)
£150k broker fee stock at 4p

So £500k of stock id expect to come out at this very bottom price before SP starts lifting.
I make it £220k net buys since placing was announced Friday

Depending on volumes a few more days of churn at this level but a few large buys could change that quickly

• An off-set well, GRF-1 drilled in 1972 before the acquisition of the 2003 ONAREP seismic, less than 1.5 kilometres to the south-east of the edge of the seismic amplitude anomaly, had dry gas shows in some high quality Tortonian (Miocene) reservoir sands. The same reservoir sands are exposed at the margin of the Guercif Basin where they are interpreted as deep water turbidites and form thick, stacked multiple sand bodies.
• The gas potential of the area is further enhanced by the recognition of TransAtlantic of up to 128 feet of untested gas pay at the base of the Miocene in GRF-1 with average porosities of 20% and average gas saturation of 20%. Two micro-seepage surveys carried out for TransAtlantic by Geo-Microbial Technologies in 2006 and 2007 also identified dry gas around the GRF-1 well in soil samples.
• The Directors believe that the Moulouya Prospect therefore represents a low risk proven gas play that is a potentially play-opening, opportunity for shallow gas in multiple, high quality reservoirs at depths in the range 2,000 to 5,000 feet. Significantly the potential for a very large accumulation exists due to the lack of compartmentalisation of the mapped seismic anomaly – unlike the situation in the producing Rharb Basin where the structures are small but with a very high success rate for finding gas.

As per the RNS the loan note will be paid off by the $1m security held as a deposit against the Morocco drill.

This paves the way for a nicely capitalised company, no death spiral any more (which was putting me and many others off).

shameful pumping on this stock

nice buy dana, its now popped up (they delayed it an hour)

https://lakeshoregazette.com/2020/02/13/the-global-graphite-market-is-expected-to-reach-us-39-bn-by-the-end-of-the-forecast-period-2019-2029/

"The global graphite market is expected to reach ~US$ 39 Bn by the end of the forecast period 2019-2029."

https://twitter.com/confluencetradr/status/1227913985980272642?s=20