Member Info for Lancygeo

……. could buy some at this price :)

Q15: Some quick fire questions… Firstly congratulations to all the team on successfully finding gas in the MOU-1 well and thank you for this opportunity to ask some questions. Boardroom Has Lonny enough confidence in Predator to buy some stock?

Yes but he also has a lot of inside information which means he cannot buy stock until that information is sanitised by an RNS - much of it is commercially delicate right now. It is not an excuse it is just that MAR has to be strictly adhered to. Directors are not approved to deal in the shares of the Company when in possession of inside information. Apologies but as you know the regulatory world has gone mad these days. Lonny forego significant termination benefits to join us from SDX

'The interested Applicants should evince interest to participate in the EOI by submitting the above documents and details for pre-qualification via email to BusinessDevelopment@Heritage-tt.com by the deadline date of December 1st, 2021, 11:59pm (AST).'

Micktrick…. I suspect PRD will look to recover their £450k costs AND also be given IT to restart & increase production via C02/EOR.

https://www.irishtimes.com/special-reports/sustainable-ireland/consumers-are-worried-about-both-the-environment-and-their-energy-bills-1.4697334

https://www.businesspost.ie/energy/amber-alert-issued-for-potential-shortage-of-electricity-a20f7e92

'Until negotiations are concluded with either a positive or negative outcome and given the uncertain financial status of the parent company of FRAM, the Directors have made provisions in the Going Concern forecast that the Loan may never be recovered and no profits from enhanced oil production in Inniss-Trinity will be forthcoming. This provision was only reflected in the Going Concern forecast to ensure that the Company had sufficient resources to continue operating for the foreseeable future even on a worst-case scenario. It was decided by the Directors that the loan was not to be provided for until further discussions are held. In order to potentially recoup some of its investment in the Inniss-Trinity CO2 EOR Pilot Project, the Company has lodged an expression of interest with the licence holder Heritage to, at its sole discretion, take over the Inniss-Trinity IPSC should it become available.'
I'm expecting a favourable outcome for us & Inniss-Trinity :)

'The encouraging results provide valuable information for the design and resulting effectiveness of CO2 EOR projects for the Herrera reservoir sands.

The implementation of CO2 EOR technology, the operational experience and the significant empirical database, combined with exclusivity over Trinidad's surplus liquid CO2 supply until at least 2023, has placed the Company in a unique position to offer CO2 EOR collaboration agreements to operators of mature producing fields onshore Trinidad.

The establishment of the CO2 EOR Steering Committee by the Government of Trinidad and Tobago during the reporting period has been the commercial catalyst for the Company to engage with local operators regarding CO2 EOR technology and services that the Company can provide to align operators with the strategically important Government initiative. '

With all the positive news to come, the only concern is if/when will Lonny get the opportunity to buy some shares :)

Q13: How will the move to AIM market benefit existing shareholders?

AIM should provide greater share price stability given the stage at which our projects have reached.
Attracting multi-nationals and project investment will be slightly easier as AIM is better understood whereas the Standard List is poorly appreciated. Standard List administrative costs and fees have been ridiculously high as it is a market regulated by the FCA whereas AIM is managed through the NOMAD who better understands our business. The perception amongst big players is that the Standard List is a market for weaker companies and I have to agree with those sentiments. We are growing too strong for the Standard List.

No dilemma for me...… hold until the special dividends drop … simples :)

Q13: How will the move to AIM market benefit existing shareholders?

AIM should provide greater share price stability given the stage at which our projects have reached.
Attracting multi-nationals and project investment will be slightly easier as AIM is better understood whereas the Standard List is poorly appreciated. Standard List administrative costs and fees have been ridiculously high as it is a market regulated by the FCA whereas AIM is managed through the NOMAD who better understands our business. The perception amongst big players is that the Standard List is a market for weaker companies and I have to agree with those sentiments. We are growing too strong for the Standard List.

Can't help but think our JV in Morocco isn't too far away :)

Q20: If as you state the share price was over heated in the run up to MOU-1 drilling completion does that mean you feel that PRD was not worth a Market Cap of ~£45M

I think it was exaggerated for that time. Following the well it is a valid market cap figure given the well results and dramatic increase in the price of gas. We have a 7,269km2 licence area and are drilling less than 5 kms from the Maghreb gas pipeline to Europe. We have no debt. MOU-1 opened up a new gas basin. CNG is economic at 5 mm cfgpd. 1 bcf currently can generate US$ 11 million gross revenues - even before the spike in gas prices. NOW the market cap can be under-pinned - before MOU-1 it had a greater speculative element.

Towen……. hope you managed to buy some in time ?

Just topped up with £500 :)

Leo Koot perhaps ?

My 4p average has increased slightly after this mornings top up...... strong hands :)

PG, the bod and long termers must be holding in the region of an estimated 50 to 60 % of the shares in issue..... this % can only increase as shares continue to pass from weak to strong hands imho :)

Towen…….. keep your eyes peeled. When the sp starts moving here it doesn't hang around....good luck with your entry :)

Croxie… absolutely, I wasn't interested in selling at 18p so 5.8p is a hold all day for me :)