Member Info for Lancygeo

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Excellent Fireman :)
‘ As the world progresses towards a lower carbon future, the expected increase in demand for CCUS and products with a lower carbon footprint will continue to strengthen the case for a local CCUS facility. If suitably sized reservoirs are identified, this, combined with the country’s existing technical capability/ capacity, will position Trinidad and Tobago to become a CCUS hub for the Caribbean and larger Latin American region and at the same time provide an opportunity for the industrial sector to remain export competitive in the manufacture of “blue” products.’

Q12: How do the Board see the EOR business generating value for shareholders and in what timeframe ? Is it going to remain a core part of the business and generate income or is it likely to divested as soon as a opportunity arises?

We will divest as soon as the opportunity arises and we are working on this at present. We will still retain an equity in the business and an advisory role. Current circumstances mean that gas offers greater potential near-term returns and can replace coal and oil for greener energy. CO2 EOR is incredibly labour intensive for our small team. We are not abandoning it but just re-positioning it in our order of priorities. Er have been very disappointed by our partner's actions in Inniss-Trinity as revealed in the online presentation. We will not go into details for obvious reasons but it is unfortunate that the government's strategically important CO2 EOR Steering committee chaired by the Permanent Secretary to the Minister of Energy and represented by the CEO of State Oil Company Heritage Petroleum had to be informed verbally by us of a situation that they were unaware of. It is unfortunate as the Committee was only set up to address Greenhouse Gas Emissions in 2021 and Predator was seen as the pioneer of CO2 EOR in Trinidad.

Apologies for the duplicate..... the original didn't appear initially :)

Q18: If MOU-1 was a discovery why was a placing done at 5p ? and secondly if you knew you would need extra funds upon MOU-1 drilling completion why was not a larger placing done in Mar21 at 10.5p as it was stated that "the placing was significantly oversubscribed" and you state that when there is money offered on the table it is best to take

We could not have raised more at 10.5p because our FCA headroom share limit would have been breached requiring us to do a Prospectus taking many weeks.

The 5p placing came about after the MOU-1 results on the basis that the results gave us the impetus to increase the potential drilling programme and fund the move to AIM.

The MOU-1 results one way or the other allowed those who invested at 2p , 2.8p and 4p to sell out at a significant profit at the expense of other shareholders, including me (the largest shareholder). That is just the way the market works. It's frustrating particularly if like me you are committed to furthering the fortunes of the Company. With COVID and all the other external factors facing businesses in the last 2 years even the largest shareholder might say enough is enough!

Q18: If MOU-1 was a discovery why was a placing done at 5p ? and secondly if you knew you would need extra funds upon MOU-1 drilling completion why was not a larger placing done in Mar21 at 10.5p as it was stated that "the placing was significantly oversubscribed" and you state that when there is money offered on the table it is best to take

We could not have raised more at 10.5p because our FCA headroom share limit would have been breached requiring us to do a Prospectus taking many weeks.

The 5p placing came about after the MOU-1 results on the basis that the results gave us the impetus to increase the potential drilling programme and fund the move to AIM.

The MOU-1 results one way or the other allowed those who invested at 2p , 2.8p and 4p to sell out at a significant profit at the expense of other shareholders, including me (the largest shareholder). That is just the way the market works. It's frustrating particularly if like me you are committed to furthering the fortunes of the Company. With COVID and all the other external factors facing businesses in the last 2 years even the largest shareholder might say enough is enough!

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.

I hope the pounds shilling & pence are forthcoming from CEG in respect of what they owe us.

An October listing would be just the tonic.... fingers crossed :)

….. just over $79 :)

https://www.cityam.com/current-carbon-pricing-is-too-low-to-stop-climate-change-new-research-says/

Great work Keith...……. many thanks for all your efforts and sharing of info :)

Zag….. as a former long term shareholder with LGO..CERP…BPC and CEG, I can sympathise with you and others. I am fortunate that I cut my very substantial losses here early this year. Thankfully, all goes well with one of my other investments namely PRD. I originally had great expectations for the CERP/PRD but unfortunately things didn’t work out for CERP as Leo Koot never had the opportunity to develop the Company assets due to a low oil price and lack of funding. This is all history and CEG now find themselves in big financial trouble imho. I hope all works out for CEG as their long suffering shareholders deserve so much better.

‘The Company designed, developed and successfully executed Trinidad's first CO2 EOR project in the last 25 years and has engaged with the Ministry of Energy and Energy Industries over 5 years to help develop the case for CO2 EOR in Trinidad's mature producing fields.’

Strong relationships have been built in Trinidad in those 5 years, PRD have earned their excellent reputation with all stakeholders and those who might wish to work with Paul & team in the near future. I expect a favourable outcome for Inniss Trinity :)

Chesh waiting patiently in the wings for his 4p :)

Had a trip out last Sunday down the M56 to the Wirral and noted that the wind turbines at Frodsham were completely motionless...… no change either on my return 3 hours later.

Lithium prices up over 6% last week.

https://www.lme.com/en/Metals/EV/Lithium-prices

"While TT has taken the policy to optimise the exploration and development of its hydrocarbon resources, we are cognisant of our responsibility to reducing greenhouses gas emissions," Young said, referring to government's commitment to reducing carbon dioxide emissions by 103 million tonnes by 2030.
"To this end we are exploring carbon capture and sequestration strategies and the development of a hydrogen economy," Young said.

A bold statement considering Ireland’s ever growing energy crisis.

https://twitter.com/idaireland/status/1338526161933111301?s=21

Update from Trinidad before the presentation perhaps :)