Member Info for Ibiza28

Yes and we get into September much more i hope.

What order are we expecting things

Mou 3 Mou 5 then Mou6 date or do we get Mou 6 date first and I would assume hopefully news after that.

Sandy

Trying not to be negative and trying to be balanced. By jittery i meant nervous as at the moment this is still everything to play for. As i see it, this is not a cast in stone certainty otherwise the SP would not be where it is. There is still a chance of failure unless someone can convince that this really is cast in stone.

I live in the hope that my explanation that there is a lot not being revealed to us at the moment, which is why some on here are annoyed, because they want complete transparency. And whilst there is no danger of someone trying to step in and buy up all the shares this is not too big a problem. The question is really our problem and that is when does this stop being a positive bet and start becoming seriously detracting. At the moment it is still too early(IMO) to be either completely positive or completely negative. If we have not heard anything by end of 1st week of September i oddly enough will be or should be more relaxed about everything as I reckon that by then Mou 3 was not going to flow we would have heard. If we get an RNS about failure this Friday would be a good time to hide it.

Churchill said and I paraphrase as i cannot remember the quote word or word but the gist is the same

"Statistics are like a bikini. What it shows is very revealing but what is really interesting is what you cannot see."

So we have Mou 5 that came up with something like 20MCM and 1557ppm of Helium. On its own that by rough estimates should have brought the share price to a minimum of 20p. My reckoning of why it has not is because although it maybe worth 20p per share it will never be commercial. So the market and many on here have written it off. Yet the company decides not to block off the well but put in it a nice shiny new tap. Hardly what you do for a duster and why does a duster need an update.

We have Mou 3 which has been overfilled to allow the pressure to build up. Answered a few questions but also in my book left a number of questions not answered. Now that was about a month ago now. Obviously we could still get a RNS and Friday that would really spook the market especially just before a bank holiday weekend other wise we go into next week then September. Again i think there are conveniently just a few too many blanks.

Finally i keep coming back in my mind to that very well written research paper that came out a few weeks ago. I questioned that at the time and for me one thing stuck out like a sore thumb and that was the description of the structure as like a hotel and i think it was that just naturally filled up the rooms tas they became empty. That in my book is a lot more than just a fertile imagination. That i feel sure would have come from a model of the geologiical site of what we have uncovered. He may have been able to very eruditely put what he has seen in words but i believe that model is in our data room and is gripping a lot of peoples attention.

So my thinking is forget about what you have been told but concentrate on what you have not been told that could be the really interesting part of this journey. There has been no official mention of oil. We know its there because it was found here about 100 years ago.

Hopeful lunatic as ever.

To be fair PG does not help himself with his abrasive manner and tone. And he does seem to like to hang on to news longer than i think he should. There often he is forced to giving the news out in a rather rushed RNS that in itself is also at times extremely unclear and leaves open a lot unanswered questions.

At the moment we have potential flowing of Mou 3 gas from the build up of pressure. That is now over a month ago and at the same time we should be getting an up date on Mou 5.

Consequently it is no wonder that we getting jittery on here and a very large difference of opinion. Some have traded in and out of this share very successfully (by the sounds of it) over the years. Others are underwater and rather hoping Paul pulls something special out of the bag soon. But the longer it goes on the more jittery we are likely to become.

Personally i think we are reaching the end game. The problem is could fall either way win or lose. At the moment i really do not know which way. Although Paul sounded very relaxed and as one poster suggested chipper in the interview. I was disturbed by the way he stated that everyone was coming round to what he knew all along that there was formation damage. This sounds like someone getting his excuses in early..It also falls into Gundin and IJWT camp of Paul not being a good CEO. In my book you do not blame other staff contractors in public before results are known.

Sorry but how do you know it is being used rather than just on site.

Let me just add to that.

If this were just a case of an event that could take the maket value from around £22 - £220m ie from 3.5 - 35p. I think the AGM would have been called and we would be told. I think this possible PBE could dwarf that quite considerably and may even involve the existence of Predator in Morocco at all.

And these things unfortunately you cannot rush.

I agree with GRH on this i think in that much of the AGM or rather lack of one is to do with Post Balance Sheet events.

I think the LSE have been informed that there are events that to a certain degree are out of the control of Predator that are coming to a head.

Normally the company would hold its AGM at a suitable time and in timely fashion and pass all the motions that need to be passed and issue a few words about how promising the future looks.

But this one is different. There is something in the background that is going on that could or is going to make the whole of the accounts and current market value of Predator completely redundant. The $64000 question is when does a Possible post balance sheet event cease to be post balance sheet event

That is my thinking on this. T

I too am disappointed we have not flowed 1 MCF of gas (at the moment). However rather than think everything has been a disaster i actually believe that each test has added to the overall picture and at some point we will be told the whole story.

I think a lot has been held back either by Paul or at the request of ONHYM or for fear of this starting to become the target of a hostile and that may well still come. But that is why the warrants are there to be issued in case there is such hostile bid.

Having said all that now is the time for Paul to start revealing his hand. No more near misses that become part of the bigger jigsaw Time to get some proper answers to start moving this share forward in the right direction.

Is Mou 3 flowing gas. - What were the readings on the gauge when you capped it and what are the readings now. I assume the well tap would have a gauge showing gas pressure and build up otherwise how would you know if there was pressure until the lid blew off the kettle (so to speak).

Mou 6 - think we deserve a definitive timeline for this drilling/testing. Never quite sure if after so many near misses we are testing or drilling.

How much the test/drill cost

Are we fully financed.

How long the drill likely to take

If we know the sands and structure as indicated by Paul in interview he would have a very good idea as to what to find and when.

Mou 5 results. These were issued way back and made this share very jittery because of the salt. I feel there is a lot more here than we are being told. What we found is barely commercial and even if you throw the helium based on the gas find of 20MCM i think it was this is hardly earth shattering but you put a nice shiny well head on it. There, i feel, is more here than we are being told. Paul;s hand was forced by Lonny.

Are Italfluids and Schlumberger still on site or have they all gone home. What about Zenith are they still in the mix.

Who are the farm in [partners

Is there a major involved.

A lot of questions to be answered and now we are fast approaching time when we deserve more than a few answers.

GLA

I tend to agree there will be another placing but what i fear is not a UK placing but a US placing for a place on the NY stock exchange. That would keep us out of the pie so to speak but raise the money and if PG can be really persuasive might be at a similar price to the UK price.

As to the amount he needs Mou 6 should not be that expensive as it is not that deep and they know all the mud and sand depths already so should know exactly what drill bit to need and lubricant for each depth. Then there is Mou 2 now i am not sure exactly they did with Mou 2 when finishing but either way whether they blocked off or just capped it pending further entry they should know all various sand intervals.

I think the questions is has the CoS at either Mou 6 or Mou 2 changed. On this one i think the jury is still out but the upside is still enormous and that makes it still a gamble worth running with.

Have you missed out again Gudin. Must be difficult not being able to read the bottom all the time. Just buy back in on Monday you will still make money but not quite so much.

Thanks very much very informative abd helpful in understanding some the thing sais. After a week of no news suddenly the SP goes up 10%. Just something may have leaked/seeped from the ground.

Https://www.bbc.co.uk/news/articles/cx2xezw3dkpo

To boldly go where no man has gone before.

PG " Where there is a will there is a way"

GRH " This could make Guerciff look like the pond in your back garden.,,,,, Never seen the like of it"

GLA.

Oh no much prefer the medieval way. Put them ib in stocks and pelt them with rotten tomatoes and confetti of failed share certificates.

Ok thanks

Sorry bui word in this text from GRH i have never heard of and wonder if it is a typo and i have not seen many of those from GRH so please someone tell me what Dunique means. cannot find it in google or it D Unique.

I think it telling there was no mention as far as i could tell of :

Time lines other than he hopes in next six months

Funding for this exercise. and or any others.

Left a small layer of sand in the hope that the pressure would build up and i assume finish off the job that has been started. I have two questions from this

1) How are they measuring whether there any natural breakthrough of gas through the sand/mud.

2) Would they not be able to estimate what sort of pressure would break through a metre of sand / mud etc Therefore should be able to work out how long this might take. Therefore i feel he could have given a time from for this to happen.

I am guessing and ask those that know is part of the delay on going in again be down to fact that God will do the job for him instead.

The interview was jam tomorrow but at least he tried to explain a lot but could and would not put any timeframes on anything slightly worrying..I fear another rise coming and maybe two of them. ~Hope i am wrong but if this case if it works I doubt we will worry about the number of share in issue as with this six as being s

I would agree I think the 140m warrants is to protect the company from an unfriendly take over bid. They i think are a there for defensive purposes

If i am not mistaken there are still another 10m Options to be taken up (4 x 2.5m at 12.5p) if and when the share price reaches 12.5p. That would bring close to 696.6m and then i would reckon there will be the "Aren't I a clever boy share issues" probably another few million if we find anything. Otherwise probably not and the options neither.

I know the company was based in Hersey but did not know he was. Sure someone must pay taxes in Jersey even if not UK rates.