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HUge overhang now .. might need to go a bit lower to get more volume
A little reminder for those who may have read it in spring 2019 , or an eye opener for newer investors ..
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, with a portfolio of attractive upstream gas assets adjacent to European gas infrastructure entry points, is pleased to provide a prospective resources update on the Guercif Permits I, II, III and IV ("Guercif") onshore Morocco. Predator (75%) operates Guercif in joint venture with the Office National des Hydrocarbures et des Mines ("ONHYM") acting on behalf of the State (25%).
The Guercif area is located approximately 200 kilometres east of the producing Rharb Basin gas fields and approximately 100 kilometres northwest of the Tendrara gas project.
Following an analysis of existing 2D seismic and well data in conjunction with an appraisal of the gas market and the Company's project economics, Predator retained SLR to carry out a third party prospective resources audit (CPR) of the potential in-place hydrocarbons initially in the first tier Moulouya Prospect and the Triassic Prospect, in the Miocene Tortonian and Triassic TAGI reservoirs respectively.
SLR has reported that the Miocene Tortonian reservoir in the Moulouya Prospect has a Best Estimate gross gas in place of 646 BCF with recoverable Best Estimate prospective resources of 320 BCF net to Predator using only a 66% recovery factor (High Estimate 659 BCF net to Predator based on higher in-place gas).
Unrisked NPV per BCF of Miocene discovered gas is estimated by SLR to be US$1.95 million, generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$624 million.
For the sub-salt TAGI reservoir in the Triassic Prospect, SLR has a Best Estimate gross gas in place of 515 BCF with recoverable Best Estimate prospective resources of 155 BCF net to Predator using only a 40% recovery factor (High Estimate 283 BCF net to Predator based on higher in-place gas).
Unrisked NPV per BCF of Triassic discovered gas is estimated by SLR to be US$1.34 million generating an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$207.7 million.
The SLR total combined audited net Best Estimate prospective resources for the first tier prospects only are rounded down to 474 BCF (943 BCF High Estimate), representing an unrisked estimated NPV for the Best Estimate net Predator gas resources of US$831.7 million.
SLR report that similar gas plays to the Moulouya Prospect are commercial in the Rharb Basin where the discovery rate is "remarkably high". An active hydrocarbon-generating system is confirmed in Guercif for biogenic and thermal gas and is supported by the presence of numerous credible seismic amplitude anomalies.
SLR indicate that use of the 48" Maghreb-Europe gas pipeline ("MEG") to export gas is technically feasible and that there are no existing capacity, market or technical reasons why Predator could not utilise the MEG to commercialise any gas dis
Volume through the roof today ;) relatively speaking .. hopefully back to 2p+ in due course
Held this share earlier in the year and made a decent profit , back for 200k shares on today’s drop . Gl all
I have taken a £8k haircut here on the drop from circa 6p to 4.9p , I’m back in at 2.45p sentiment seems to have improved and hopefully 2.2p is the bottom gla
Spread has narrowed right down .31/.33 .. should be good for a move up , tommorow could be interesting .
Have gone from initial 500k shares yesterday to 2.7m today couldnt resist adding at 0.35. Once Lombard are out .. I’m hoping for .50/.60 but it could go much higher with decent volume Gl all
Got carried away with fomo here and have piled in at the 6.1-6.5 level . Sitting on a ÂŁ7k paper loss at the moment and weighing my options on whether to cut my losses . Seems to a very linear play here now , leaning towArds the exit and Moving on . Aim always bites back If you get complacent . Anyone in the same boat thinking of riding it out ?
Taken 63k shares at 6.10p my last top up .. probably ! I can wait this one out to see value .
Pelham declared a sub 3% holding less than 2 weeks ago maverick ?? So they could have a maximum of 60 million shares to sell at that time .. reasonable assumption that they are selling down the rest of those shares over the last 2 weeks causing this continued resistance in the sp ?
If you are invested here best to switch off and ignore all the de rampers and weak holders fretting about the minute by minute share price and check again in a month or two .
Great to read some informed opinion and intelligent discussion on this board gents makes it worth scrolling through all the other mindless ramping and rubbish .
How low can this go is the question on everyone’s mind I would think ? The sp is sagging towards 52wk low 5.25 p . I have more funds that I will keep in reserve in case it hits a new low . Wish the mms would drop it down lower to boost the volume tbh ..
Patience is a virtue , i’m loading up here and will selling elsewhere to add even more at these prices. Uncertainty/ risk / poor sentiment yes but I like the odds at this level , see you all the other side of 14p !!
The numbers will be huge... a month by month total of block sales would be very interesting but would not be a small undertaking Mem.
NAture of the beast , buyers will always outlast a seller after all they can only sell a finite number of shares after that they will have to buy to sell more !
Volume will only go up the closer we get to news .
Yep all buys .
Outlines the huge potential in Trinidad . Many saw this as a mere side story to the drill in Morocco . It is now front and centre in many shareholders minds. Great work chancers and wacky.
Flybyboy if you expect 10 bags in a month from any stock you invest in your are going to be sorely dissapointed! You need to have more realistic expectations or you won’t last long in this game .
GReat research wacky and mem , Trinidad is quickly moving from prelude to the main event it seems . The prospective revenues are much higher than i and I’m sure many others anticipated.
Flow rates news could be much bigger news than previously anticipated and could alone project the sp to new highs 12p+ . Thinking of one more top up perhaps to my holding... gl all