Member Info for Ibiza28

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If a chinese company can do this to one of their own monuments it is no wonder the Yak herders assume that everything that PC may have and probably are doing to there land could be replicated by another oil company..

I trust that PM will not be this borish and insensitive.

I think it also means that it is very unlikely there will be any sell on unfortunately.

I don't think the churn is quite over but very nearly. Once that is over as there are very few shares here in reality on the open market this will move up very quickly. IMO

Quite Frankly Louis i do not blame you if i had a tiny bit spare i would have traded or tried to on this. As far as i am concerned you are welcome to do what you want. All that i ask is that you refrain from talking the share up or down after each trade as that just ruins it for a lot of others who cannot be as brilliant as you.

If the herders do not want alternative pastures then fine we will give them some money for compensation and drill we have been given permit by government as i see it this is just a rubber stamp and be nice to locals week.

I would tend to agree £1 and the £1 party in very little time. After all £1 is only a £1.13bn MC and this company is worth way more than that once the permitting issues are ironed out.

Are we testing or drilling these wells as a kind of group or would they each be regarded as individual. Personally i always find it hard to believe the results of these drill no matter how tight can be kept silent for too long. So I am thinking the results and findings for each one will be announced separately and then one big summary at the end. Well that would be the way i would do it. Any thoughts how has it been done in the past.

Thank you to those who posted links for me to look at. Must admit a lot of heavy reading in there so i have flicked through this. I am no geologist at all and would bow to any superior knowledge, but i do believe i know a bit about numbers. So we have discoveries in Morocco and Ireland and even more prospects in both much with the same traits as the discoveries and yet we have a MC of £60m. Someone has to be joking this potentially massive and i mean that in CAPS from what i can tell. I thought that link i found for the SP was way over the top and optimistic until i looked at this and as someone here when how much we potentially have said "Shed loads" i am beginning to believe it.

IMO get buckled up and strapped in this could be a ride of the century my guess by end of October we will have a very good idea as whether we have made it or not. GLA especially those who have been in here long term.

Answering my own question to a certain degree. I have just found this on my phone. I do not know the source or how genuine it is at all and to be hones even a 1/5th of this would suit me find.

Predicted opening price for Predator Oil and Gas Holdings of Friday September 1 2023

Fair op Price

£10.80p £10.63 undervalued

The only problem i have with that is i do not think the share ever got near to 17p Friday but that small error apart Personally I am not going to turn my nose up at £10.80 per share.

Living in hope or living in reality which ever one thing i am sure of is that 11p plus is well undervaluing this share.

I have looked everywhere could some one give me an idea as to how much gas we are hoping to find on each of the drills and if it is stated what is the expected recovery percentage. I have been looking and there does not seem to be anything in most recent RNS. Some ideas would be nice and yes i am ware this is a gamble as with anything with CoS

Agree Manx the timing could hardly be better and with the announcement the other day i think it was that Opec had agreed to restrict production then POO could go even higher.

I have a feeling and (hope) that this latest episode is just a storm in a tea cup but must admit it is one that i would rather not have and really about time that someone from central government got down there and really knocked some heads together.

In some respects i feel a bit sorry for MB he is picking up the flack at this end for something he has remarkably little control over. Could he have been tougher very possibly but what can you say as a guest in another country and another language without possibly upsetting the apple cart once and for all and forever and that would mean this share would suddenly become worthless.

Just hold tight this will come good soon (I hope). some have been very patient for best part of 10 years and myself a lot more recent than that. Another few weeks or so will not do too much harm i trust.

Master

I have to say having read this through at least twice i do not understand it. What do you mean by CGM of the team.

But regardless it is a concern and if MB is not there then he bloody well should be and i would hope he goes with someone senior MPRAM and a lawor not left to fend for himself through all of this.

I am relatively new here ( very new) having come over from another board.

We have 560m shares in issue that is relatively very few shares. The other board has 1.1bn and another i know has 20bn and one i was with ended up with 9bn. So 560m is relatively speaking very little.

Debt to equity. - IMO you should always explore with equity and not debt. What if the exploration comes up with just a lot of hot air in this case or is a duster if with oil. Then the interest payments would be a noose around the companies neck forever and would severely restrict their chances of raising funds again as the shareholders would know that most of it would go against paying off the debt. And who would invest in that.

At least with equity each raise is being used for each drill and not paying off some previous drill from past failures.

If we discover ( and this does look very promising) then when we come to appraisal we need to think about Farm ins, Partnering, Debt or more Equity. This would largely be decided on volume of find and potentially how commercial it might all be. But let us not get ahead of ourselves and that discussion can be had another day.

GLA September promises to be a very good month.

Just to let you know my holding is very small and i intend to hold through to discovery and if we strike i will make a decent profit regardless of price and certainly a very good ROI. If we do not then I will hope to come out with some money otherwise my small gamble will have failed. And let's be honest this is a gamble. But a gamble with a lot of intel to go with it rather than pure chance.

I fear that this is a classic case of making 2+2=5.

An MB statement that he probably would not be making if not being pushed into it plus the fact that tomorrow is September 1st and therefore a new month (obviously).

My fear is the hype will fall back when MB opens up his mouth and the platitudes coming flying out of it and the reality is we are no further forward.

That i am afraid will be the reality and the downside of the post i made the other day.

Personally i hope i wake tomorrow a heavenly dream and not a reality nightmare. But unless some one has some kind of independent corroboration from another source about what is going on in this remote province then i remain skeptical.

But one day it will come. Just a matter of when.

Mining week 9th- 13th October

I really hope this does not mean we have to wait till October to get news so as to make an impact statement for the conference.

September is fast approaching and it would be really good if MB could give us an up date as to where we are or where we aren't .

An honest up date would be really useful rather than one full of hope.

Obviously the first will directly affect the second. At the end of the day it is a question of do you believe MD and the MG that the permit has been granted and will come or whether it is just a bag of lies. Your money, your choice, your shares. Personally i believe it will come i am prepared to wait. But in meantime let us look at what we know or can understand (or at least my understanding)

We have a SP that just a few weeks ago was over 5p and now under 3.5p and nothing has changed other than the bus has been delayed slightly. Will we get to our destination yes once the bus arrives. Will we get there on time. Al depends on ones version of time.

A few months ago Progressive Research our SP to be >30p based on 70$ a barrel from Heron and i think on a 20% recoverable rate from 200mmbo. MB now reckons that should be 40% and in time possibly even higher. (for the moment let us forget the even higher bit as it might look like over egging the pudding). Also the price of oil is now above 80$. On the downside we were around 900m shares in existence and now we are over 1.13bn shares in existence. Assuming 30p original estimte that would be approx market cap of 270m on 900m shares with 1.13bn that would now be 24p. But then POO gone up from 70 to 84 effectively 20% and change of recoverable amount ( ithink not included ioriginally) up double. This would push SP back up to the >30p level so roughly one counteracts the other.

But then add on other things that are happening the Renewables deal which MB seems to indicate (reading between the lines) is far better than he anticipated). i get the impression this is something he got into at behest of significant figures in MG and thought it might PM image no harm and we will find out how this is working out in time. This could add a penny to the SP.

Then we get to the complete unknown the new company and we believe is a potential link up with the MG in PM Energy Ltd. I think this is energy related (obviously) by its name and by the nature of our business. I do not think it is oil as that is what PM does or is doing when allowed. I also do not think it is Renewables for one main reason "Renewables" is the new sexy term so if wind turbine or other Renewable then why not use a name like PM Renewables. My guess is this is Gas related still Energy and still old fashioned fossil fuels. Again time will tell what this is. All this will add to sP and makes 40p look very possible.

I have left one thing out till last and that is Gazelle and if is proven up to be an estimated 2/3bnboo with a decent flow . rate and porosity . Combine that with a possible recovery rate of 40% if Heron was 24p new est SP then on 2bn barrels cvould be looking on a straight line basis £2.40 (200m at 40% = revised 24p then 2bn at 40% must equal £2.40 not everything goes in a straight line but one way it would go is up quite sharply.. And if 3bn this could 50% higher still.

That is the upside IMO

I ame in here for a few, not many, so this is not going to change my life unless it hits a £1000 a share and somehow i think that is unlikely so what are people thoughts as to what this share could become in relatively near future lets say around Xmas time. Would this be santa with a decent sized real deal present or just a cheap imitation from the corner street seller. My guess is the former and hoping for that.

I agree with you about the MM manipulation they have been pulling the strings here for years and your point about spikes is well made. I was just referring to overall share prices mean little out of context to the number of shares and over all value.

Surely the relevance is not what the price per share was when it might have been but surely what the market cap was at that particular time against what it is now. The market cap would reflect the number of shares in issue and makes comparatives like SP far more honest (imo) When i started here a few years back the number of shares was 700m now it is 1.113bn. a jump of about 30% and tbh it may higher before we finish.

All of that does not worry as i know there will be a re rate and the prices we see now will be history.

Is Block XX really 3bn barrells i thought it was just the 2bn as if that is not enough.