Member Info for highlandmatt

My reasoning for not sending the email is simple. I have a better route through the Discord shareholders group. It's like a union - there is greater power through collective representation. A reasoned, balanced and respectful relationship is more productive than a threatening email with potentially unreasonable demands.

Being in communication with the aim to change the terms is not the same as being able to change the terms.

Have you ever heard the phrase 'less is more'?

I'm going to just pick up one point. 'So why can't he change or remove the funding terms?'. Er, because that is what is in the signed agreement, and maybe the bank doesn't want to change it, or can't change it due to strict risk management processes.

Reminds me of the native American prayer, of which there are various version "grant me the strength to change the things I can; the serenity to accept the things I can't; and the wisdom to know the difference."

Yes, I don't think the market realises just how good a deal CB is for us. I can totally understand why PB would agree to anything to get it across the line. It's not a surprise we've had to raise to fund it (indirectly). Yes, it would have been better to have come along a year later, but you have to take these deals when offered.

Yes, also, if you buy more at the lows, you protect against dilution. If dilution is 20%, increasing your holding by 20% equates to no net effect. Yes, any % gain is less, but you benefit more from each %.

Apologies. This site seems to have removed capitals.

jeez. give it a rest will ya, mate? you've heard from john what txp is doing to progress. production up, costs down, focus on areas with the best capital return. as production, revenue and cashflow increases, so will the share price. at this level, it's not a potential raise that is putting off investors, it's you banging on about how ****e and dishonest you think the bod and specifically the ceo are. even cas4, which we all (incl ceo) accept was a f#ck up, was caused by wanting the best for the company. the easy option was to go same again, but they tried something new. it didn't work. thems the breaks.

there will be a drip drip of good news. cas 5 online, q3 results, cr1 spud, cas 4 online. in amongst that, slip in an ops update for sept. all the signals should start pointing in the right direction.

Took over 10mins to get a quote. Then had to pay 11.69.

🦕🦖🚀😉

So expect a 100:1 consolidation. Either that or there has been some misreading of decimal places.

So, logged in to my account this morning, BCE showing at 0.39p. Obviously I clicked Sell, which it refused, saying 'cannot place this trade online'. I suspect there are moves afoot and this is the price post acquisition, but with BCE holders receiving fewer shares than they currently hold?

Hmm. Still working out how to extract it, but here is the copilot summary.

Predator Oil & Gas Highlights Guercif’s Investment Potential

Location & Asset: Predator Oil & Gas is focusing on its Guercif license in Morocco, signed with ONHYM in 2019. The site shows strong potential for biogenic gas and helium.

Drilling & Resources: Over £18.7 million invested since 2021, with 6,500+ meters drilled. Independent assessment estimates 588 BCF of raw gas and 1.86 BCF of helium.

Strategic Features:

No water traces found in key intervals.

Triassic layer may hold additional gas potential.

Geological similarities to major Levant fields like Leviathan and Tamar.

Recovery Plan:

Micro-LNG unit planned via MoU with an industrial partner.

Commercialization agent appointed for gas, helium, and potential hydrogen storage.

Salt cavern storage deemed feasible.

Business Strategy:

“Flexible divestment” model targeting partners in Middle East, Asia, and Africa.

Aims for upfront payments and royalties.

Estimated valuation: £210.4 million.

Institutional Support:

Strong ties with ONHYM and Moroccan authorities.

Guercif seen as a strategic energy asset for Morocco’s future.

Sorry, missed there was a second article linked. To clarify, I found the first 'ledesk' article worked better in Edge.

Found it works better in edge than chrome, which is unusual.

Not sure what you are referring to Ali? TXP isn't drilling at the moment?

If PG elects to use the Master Services Agreement for Cory Moruga, net to PRD drops to about $2m.

I've revised the CM figure in the first scenario to $7m to account for the clawback owed to the ministry as part of the sales agreement (debt owed by CEG which we took on).

Yes, but that 400bcf is unrisked.

Oldslow - I think 500bopd from Bonasse and CEG fields and 400bopd from Cory Moruga (total 900bopd) is what PG meant.

This gives income net to PRD of $58k Bonasse, $1.4m CEG, $7.6m for Cory Moruga. Total $9m.

Still tasty.

I'm going to report Rob's summary of my notes, as it has been buried under the squabbling this morning.

Snippets of info:

Mou6 being progressed. However, MOU6 pushed back due to preparation times. Design mud system, casings, then having to import.

Mou6 targeting 16 square km. Will prove additional resources. Believes shallow sands may now be bigger than thought. Talking 80m gross interval.

Divestment does not rely on Mou6. Let that sink in !

All wells prove the holistic value. Marketing a 20 year horizon.

Mou-3

nutech shows 80% gas concentrations.

Four different levels of gas in Mou3. Reservoir unconsolidated. Proved formation damage. Talking about sands giving 25mmcfd flow potential. Gas and helium samples from the well, including helium even with the over balanced mud.

Active drilling programme good for the divestment process.

6 month commercial process has already started. Someone is interested enough to start a commercial process with Predator even without finishing Mou-3 or starting Mou-6.

£1 a share next year while talking about NED share options.

Ireland

1 Nov, if no response from Ireland, going 'no win no fee' legal route.

Trinidad

Confirmation of 280 bopd production.

Looking at Snowcap 3 (shallow) being drilled as a shared venture with drilling contractor, so minimising outlay. Snowcap 4 is planned to be 100% PRD.

Have 3D seismic.

Snowcap 3 and 4 targeting initial 1,000bopd.

Snowcap 1 previously stable 200bopd. Can't produce all intervals, but offset wells in Cory Moruga West are about 300bopd.

Trinidad valuations are based on bopd.

Already had approaches to buy.

Not selling yet.

Thanks everyone for your input.

He is clearly knowledgeable and driven.