Member Info for hedgeman

It wasnt one of them...should have been...I suspect accounts will be late again although i believe the results will be good.

I gave Denham Eke 10 suggestions to improve shareholder value... i have reminded him he owes me a reply... i will do what i can to get traction on this with the Board.

It wasnt one of them...should have been...I suspect accounts will be late again although i believe the results will be good.

I gave Denham Eke 10 suggestions to improve shareholder value... i have reminded him he owes me a reply... i will do what i can to get traction on this with the Board.

M1... understand.

Tbf the MD did call me back, long call. Lets see if any response to my recommendations. If not satisfactory I will be writing to the entire Board and/or other major shareholders.

Ok... if anyone is out there... i have spoken to management. They are aware of need to improve the position for investors....lets see. Followed up with some strong recommendations on investor relations. If things don't improve with results (no reason they shouldn't be good given recent growth) then I will be meeting management in H2.

People have to realise you cant grow without capital. The Morrocco asset is new... there is an opportunity to move quickly and i fully support prd's move to raise capital to move this forwards.

justin waite should never have been invested if he is selling on this news ... he will have a good profit here but seems to be making quite a few random decisions recently.

Prd now has 4 multibag opportunities over the next 18months.

I bought another £10ks worth on the dip.

Its a very positive rns... brings Morocco into the game alongside Trinidad and Ireland.

All assets have huge potential.

I added 3x in last 5 min at 7.0 and 2x 7.09.

Griffiths knows what he's doing... by time of conversion expects much higher sp, therefore £1.5m much smaller % of m.cap, less dilution.

This share could blow the doors off by end 2019.

DYOR.

Lots coming
Newsflow imminent #prd #predatoroilandgas https://t.co/aFOEHvwBVY

Remind yourselves of the huge possibilities here - from the end of year operational update:-

Early 2019 will see the Company start to execute its strategy to generate cash flow from Trinidad operations requiring only capital investment from existing cash resources. The Company is also in a favourable position to potentially exploit three large gas assets adjacent to infrastructure. The independent identification of Ram Head as a potential gas development project comparable in size to the Corrib gas field, is a possible "game-changer" for the Celtic Sea. The Company has now consolidated sufficiently material early stage gas assets capable of being linked to the European gas market to provide an attractive commercial proposition for larger industry players and infrastructure owners, whether it be through farm ins, or by acquisition of equity in the assets, or in the subsidiary Predator companies holding the assets."

Rns tomorrow?
If good news on trinidad flow rates/co2 required sp will fly...

Should be some sort of update on barbados tender and irish assets soon.

If necessary!
We have a decent business here... but needs to be much PR energy.
SP based on assets, growth should be much much higher.
I will be asking for a meeting if not significant improvement.
Will update once more info.

Have written to Eke (md) questioning PR and strategy to improve sh returns, has promised a reply... next few days.

Bradley, same.
If can get Trin producing it will derisk the business with fantastic upside from ireland and Morocco.
If test wells hit the 300 bopd target with economic levels of co2 i expect this to double.

Uog... potentially great company in the making...little doubt. Just saying ..rre different beast... huge cash gen v m.cap... some backend decomm liabilities... but cash gen v m.cap means low risk/high reward profile... in a v. different way to uog.

My two largest holdings... in both for 2020 and beyond. GL.

... and rre can hold at least current production rates until 2025 ... and they have no debt, huge cash balance.... and mix of oil and gas 50/50 reducing risk

1750 what r you talking about? Rre have an ebitda of more than $100m pa... probably cheapest o&g play in the market for a producer.

I hold uog & rre.

$70m capex in 2019... not tho as zanman says 'ongoing'... majority for getting Arran going in 2020... adds 6,000 boepd.

So unrestricted cash prob flat in 2019... but current cash pile can be used for additional growth... and debt if wanted.

I see ebitda heading to $150m to $200m in 2020....Deep (Buffet type) value here imo...invested and holding for significant appreciation over 12 to 24 months and beyond.

Divi v unlikely given other opportunities for use of cash imo... unless AA needs a few quid out!

Purchased more today... deal likely on Ram soon i think.. £8m m.cap tiny given potential... £20m+ more reasonable once farm in to irish assets.... if drilling then successful in 2020 ...£100m++?
Before that Trinidad could easily spike price in 2019 by itself.
Always dyor.

It isnt correct to refer to rre on pe of 1. Ebitda is not the same as earnings (profit)...earnings are after depreciation, etc.

Rre is on a p/ebitda ratio if c.1. Ebitda is a cash generation number from which capex, tax and other items are deducted/incurred. Rre will have to spend on capex to maintain (its share) of current operational fixed sssets as well as bringing arran on line.

Rre also has to allocate c.25% of ebitda to cover its share of future decommissioning costs.

Having said the above...my view is rre is incredibly cheap at £5.60 given the m.cap to ebitda ratio.

It has the cash generation (and debt capacity) to continue to grow significantly to AAs target 20,000+ boepd.

I also think if the share price doesnt move significantly in early 2019 then theres a good chance of AA trying to take private.

SP target for me is £14+...assuming recovery in brent to $60+.

Anyone interested in smaller oil and gas plays may want to research prd and uog.

Gla.

HT.. not without risk... but really could be a life changing investment...could see it going to £20m m.cap short term with positive news on Ireland and/or Trinidad... mid term if commerciality of Ireland and scalability of Trinidad firmed up could be well north of £100m .