Member Info for Lancygeo

Time for a re-post.

https://www.reddit.com/r/PredatorOilandGasPRD/comments/xqaeza/prd_the_sleeping_giant/

Fred…. good luck with your strategy… we are all different, what’s right for one might not be for someone else…..personally speaking, I will wait until the special dividend drops… good luck and best wishes to all shareholders for this week 😊

Looking back through the posts and found the following from Seabright.

‘I’ve long stated the key to unlocking the hydrocarbons in Guercif is understanding the underlying deep seated fault systems in this complex sedimentary basin.

Whilst it’s understood that faults and carrier beds are petroleum migration pathways - the bridges between source rocks and traps - what marks out Guercif is their deeply seated depth.

These deep seated faults cut through ALL the four petroleum systems identified in the Guercif basin, namely the Paleozoic, Triassic, Jurassic and Tertiary.

When these deep seated faults cut through these source rocks they effectively become the generating kitchen feeding these carrier beds, with potentially great energy.

In the recent presentation PG stated “In MOU-1 there’s a major fault up against the reservoirs of the shallow section that has charged everything with dry gas. In MOU-2 all the faults terminate below this fantastic seal so everything should be trapped underneath the seal at our target level….clearly the gas is trapped right below this thick seal in these bright amplitude events covering over 30-40km2. That’s a fantastic opportunity”

There are fifteen major faults crossing the basin like a mosaic and it is for this reason I echo GRH’s words when he said recently ..

“I am witnessing... in real time.. the unfurling of one of THE great hydrocarbon fields of the world.”

Indeed we are.‘

Just looking back through some posts and found this one from Keith back in April.

I hope you don’t me reposting Keith.

‘@BDT - Hi Taff, you asked "or am I just looking at this all wrong?" If my understanding of what Paul is proposing is correct, then respectfully, yes I don't think your assessment is right.

Paul stated that AS AN EXAMPLE he was looking for $150M - $200M for 40BCF. That seems reasonable to me, since 1BCF will sell to Moroccan industry for $16M, so 40BCF would have a sales value of $640M. The difference between the two figures is accounted for the cost of development by the purchaser, the time value of money over the years it would take to sell that much to end users, and of course a purchaser would want to make a reasonable profit.

The lower figure ($150M) equates to around 30p per share, or 7.5p per share for each 10 BCF - i.e. every additional 10BCF discovered and sold to the purchaser would roughly equal the current share price. If PRD only found 40 BCF, the value achieved would equal 4x the current share price - everybody seems comfortable with that, and that seems to be the model you are proposing.

Where I differ is that just MOU-3 alone is targeting a best estimate of 615BCF, high estimate of 1367BCF, not 40BCF. All other things being equal (which of course they never will be!), that would give a range of 61x - 136x the current share price. Plus the value of a royalty, which may or may not be 10%.

Feeling a bit happier? Good, enjoy the rest of your long weekend.‘

‘ A big part of successful investing is becoming content doing nothing. If you are in great companies, a lot of times your biggest risk is boredom. Warren Buffett’s famous quote, “Our favorite holding period is forever”. If he likes where the business is headed, he’ll continue to hold it and probably buy more. Don’t be active for activity sake. Remember, there are no day traders on the Forbes 400 list. Learn to be content holding and doing nothing.’

Https://microcapclub.com/2014/08/the-conviction-to-hold/

I’ve posted the above link several times on different bbs…. it’s well worth a read for those who haven’t read it before and a good refresh for those who might be thinking about when to top slice 😊

Those with strong hands have waited patiently and continue to add to their holding…. me included 😊

A scramble for shares is inevitable imho.

…. just floating an idea 😊

Dickie…. you might just need to revise your expectations shortly 😊

Absolute faith in you Graham ✅

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

"Unforeseen overpressured gas at shallow depths is always a potential hazard in a new poorly explored sedimentary basin. I would like to thank our experienced drilling management team, Lonny Baumgardner and Moyra Scott, for overcoming successfully; using their extensive drilling experience, what could have developed into a very serious operational challenge.

The presence of shallow overpressured gas with an effective sealing caprock has added to the identification of two new potential gas reservoirs that were not known about pre-drill.

Of even greater significance is that the overpressured gas has validated shallow trap integrity and identified a clear path for the migration of deep gas into the next six targets to be evaluated by MOU-3.

We are very encouraged by what we have found to date, which we believe at this early stage is material in the context of our CNG development plans but remain cautious as we drill ahead through a section that may or may not contain more overpressured gas.

However this is already an exciting beginning for our shareholders to our planned drilling and testing programme."

I’m not either…. relaxed whilst waiting for a successful outcome following drill & test :)

Latest commentary now available.

Q1 2023 market commentary

http://gorozen.com/research/commentaries

Game on …. 😃

Yesterday’s drop was nothing more than an opportunity for strong hands to add to their shareholding…. so I did :)

Agree Paul…. nothing to be gained by stirring things up. We all benefit from an increase in Lithium prices…. enjoy it while we can :)

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

"Whilst we have Star Valley's Rig 101 on location and a smoothly-run, cost-effective operations base established in the city of Guercif there are significant savings to be made in drilling costs through economies of scale. Furthermore the Company can seek to accelerate its timeline for establishing a commercial CNG project with a capability of being upscaled through organic cash flow by being "drill-ready" at all times.

Predator currently is the only company in northern Morocco with an active imminent drilling and testing programme. We need to maximise this competitive advantage.

I’m sorry to hear your sad news Fred…. god bless.

Https://www.proactiveinvestors.co.uk/register/event_details/425#

Agenda.

Predator Oil & Gas Holdings PLC

Gold Terra Resource Corp

Challenger Energy Group PLC

Europa Oil & Gas (Holdings) PLC

Long term hold for me :)