Member Info for JohnHenry

TBH would CEG be taking that kinda risk, completion requires two approvals.

CEG shareholders and Heritage.

Until completion CEG are unlikely to do anything with there PRD shares.

Im guessing if the CEG vote goes in favour completion could be within days.

I havent seen any lock in period

An initial deposit of $250,000 - this has been satisfied via the issuance to CEG of 4,411,641 unrestricted Predator shares ("the Deposit Shares"

CEG could have sold or forward sold to drive down the price

Quite possible CEG have been forward selling PRD shares.

Well download the presentation from the website then youll have a good idea.

Decent conspiracy theory KeithOZ

My guess if true some shorts are gonna need closing.

I suggest Peeps watch.

Why the 4X do you need yet another plan

https://www.youtube.com/watch?v=YYEl4Edn1kg&t=1955s

Spreads are ridiculous some have a 1p spread on a 2p share 50%

Imho Griffiths held LB responsible for the FO at MOU 3 as lets be Honest the lower levels are too badly damaged.

Reason he was let go imho

Still knocking them out

Is this a deliberate attack to sink the SP even lower I think so.

NM

Company has always flagged 2000Mcf per well production flow rate.

If they can flow at higher rates without compromising the well integrity then they obviously will.

Maybe ony 5 wells needed rather than 6 to max out the PSA unit all hugely positive.

Because this is such a cheap drilling and processing operation they can ramp up very very quickly.

Imho there will eventually be two 48,000 K PSA unit maxed out at Rudyard.

The PSA unit 48,000Mcf can process around 6 wells thats thats two 6MMscf Membrane units.

You can see BO & David thinking here.

Stas20 6MMscf is the total gas feed not pure Helium.

The Membrane unit can handle 3 wells @ 2000Mcf

Trifle the Jurassic structure was found but not at the depth and thickness they expected.

Basically they didn't drill at the Optimum location

If Griffiths was to leave, Graham Lyon of Sound Energy would be my prefered choice.

Was their Original drill locations for the Jurassic until results from MOU 4 which then prompted them to change location.

Jurassic structure in MOU4 has be reinterpreted and not what they originally thought. OLDER rather than YOUNGER

They are now going back to their Original Location.

Worth remember close to MOU N OIL flowed at 1900 Bopd just over 100 Years ago