Member Info for Lancygeo

Fabulous stuff Keith….. greasemonkeyjoe is the way to go imho …. 😊

…. please don’t feed the animals as they are not invested 😊

We have an absolute glut of excellent posters on this bb who continue to share their industry experience and wealth of knowledge…. we are very fortunate… thank you to you all 😊

….. and this one which Keith posted on the HE1 bb.

‘ I know this is the HE1 board, but folk keep mentioning PRD for some reason. There are large multinational beasts with hungry eyes circling PRD. They will not mount a hostile bid unless there are flow rates. PRD do not wish to release one set of flow rates and spark a hostile takeover. They want to have all the results available at the same time, in order to either fend off the bid or maximise takeout price. There is zero chance of a duster, let alone three, for all the reasons I spelled out below.

HE1, if successful, will face the same situation. The obvious solution is to make sure the rig will continue to be available, pay for it with a raise on discovery at Tai-3, then drill like crazy to demonstrate the ubiquity of commercial helium across the Rukwa licences. Otherwise, the company will be taken out for a song.’

Just looking back through Keith’s posts and picked up on this one …. clearly the sp has a long long way to go on this particular journey 😊

‘Hmm, we are starting to see an interesting range of valuations. OilyFred's people (industry or PE?) apparently want to start at 25/30p per share for the whole company. This week's industry deal comparison suggests £3 per share just for MOU, Paul wants $150M per 40 BCF, which would give £11.50 per share for just 1 TCF at MOU. MEM's friends (Middle East Money) tell us that there are 19 TCFs at Guercif. This all suggests an improvement on the current 10p. Comfy seat & popcorn at the ready.‘

Just looking back over a few posts trying to find some info on possible valuations of what we may have in Morocco.

My very conservative, personal current thinking is we have 2 tcf.

MEMs post below is from 29th June 2023.

‘Evening, I have put together something that might help a few people understand our possible future valuation as it is not the case that as we discover more and more gas the value will increase in a linear fashion.

Some will agree that a base valuation is 0.4p per Bcf or 400p per Tcf, what is harder to understand is whatever gas we discover after 3-4 Tcf will be worth less.

The reason is that a ceramic factory will pay a very reasonable sum for fairly small amounts of CNG, however once we have found sufficient gas to extract above the sales requirements to local suppliers, we will sell the gas as G2P or G2EUR at much reduced sums.

Hence the figures below might be of some use.

Assuming 490m shares and flat rate (no discount of 400p per Tcf)

1 to 4 Tcf . full value - therefore per Tcf =400p

5 to 8 Tcf - apply a 50% discount

8 to 12 Tcf - apply a 65% discount

12 to 16 Tcf - apply a 75% discount

16 Tcf and above apply a 80% discount

If we found 10 tcf the value would equal approx £27 per share or an M/Cap of £13 billion

However PG has stated his intention is to create a CNG business and sell off the rest.

So now assume we initially only discover 4Tcf and sell off the balance of the field, keeping Stub equity.

Some rough estimates indicate a likely Divi of 55p per share pa, if 15 Tcf is found and extracted over 20 years.

Not everyone/anyone will agree with my figures, but it sure is interesting playing around with the variables to see where we might be.

MEM‘

James, Hampshirelass, to further your research, other than Company RNS & presentations you can’t go far wrong by reading historical posts from our more seasoned posters (see Sefton’s posts for a list of these).

These posters have taken the time to share their considerable knowledge and research to the benefit of us all.

They have stood the test of time and remain consistent in their views.

Good luck with your investment.

Lancygeo.

I appreciate it doesn’t suit everyone to filter the undesirables but it works for me.

Said individual has been filtered since the days of LGO if I remember correctly, I was thoroughly cheesed off with him p*ssing on my chips… dragging down my investment on a daily basis…. not any more 😊

Not long now 📈 ….. long & strong 😊

Don’t feed the animals…. simples

I wonder where the drill rig is ? 🤔

PRD will deliver…. you need to aim higher aimhigher 😊

‘Seems the trolls have disappeared... ‘

…..with just the odd one left in the dark 😊

Anyone got the Daily Mail link please ?

I thought I was finished buying but decided to buy some… more shares falling in to strong hands 😊

Fabulous interview !

Several references to ‘our loyal shareholders’ 😊

There will be some trading in the short term, however, the lth’s will continue buying as they are fully committed.

More and more shares falling in to strong hands 😊

I suspect Paul & Lonny will reveal further information when they are good and ready 😊

RNS - 27th June 2023

‘Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented:

……Once the MOU-4 drilling is complete, results from all the wells drilled in 2023 will be quickly assessed and compared and a comprehensive and expanded rigless testing programme will then commence during July." ‘

Just looking back through some posts and came across the one below which gives us an idea on the potential revenues we could expect if Morocco fulfills our expectations.

Posted by MEM on 29th June 2023.

‘ Evening, I have put together something that might help a few people understand our possible future valuation as it is not the case that as we discover more and more gas the value will increase in a linear fashion.

Some will agree that a base valuation is 0.4p per Bcf or 400p per Tcf, what is harder to understand is whatever gas we discover after 3-4 Tcf will be worth less.

The reason is that a ceramic factory will pay a very reasonable sum for fairly small amounts of CNG, however once we have found sufficient gas to extract above the sales requirements to local suppliers, we will sell the gas as G2P or G2EUR at much reduced sums.

Hence the figures below might be of some use.

Assuming 490m shares and flat rate (no discount of 400p per Tcf)

1 to 4 Tcf . full value - therefore per Tcf =400p

5 to 8 Tcf - apply a 50% discount

8 to 12 Tcf - apply a 65% discount

12 to 16 Tcf - apply a 75% discount

16 Tcf and above apply a 80% discount

If we found 10 tcf the value would equal approx £27 per share or an M/Cap of £13 billion

However PG has stated his intention is to create a CNG business and sell off the rest.

So now assume we initially only discover 4Tcf and sell off the balance of the field, keeping Stub equity.

Some rough estimates indicate a likely Divi of 55p per share pa, if 15 Tcf is found and extracted over 20 years.

Not everyone/anyone will agree with my figures, but it sure is interesting playing around with the variables to see where we might be. ‘

MEM