The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Char wrote:
Our two first wells have both been successful in confirming our geological model for reservoir distribution and the presence of gas which bodes well for future exploration activity.
What is encouraging for me is the presence of gas, in other areas of Morocco. I don't know if they will get their testing finished before ours. It will be interesting to see what's in their part of Morocco.they have also finished with the rig.
Predator have also, potentially found large areas of gas bearing sands........
Our time is near and once the gas is tested we will know exactly what this share is worth.
The research is out there .
I'm happy holding.
Good breakdown on production hepseal. Always enjoy your posts.
At some point in time they will not be cash positive, unless they have a change in strategy, like doing some more project one work. Or raising funds through a farm in.
Did anyone notice this ?
The directors also recognise that the outstanding $2.0 million secured loan is due for full redemption in August 2024 and that there are scenarios in which the Company may not be in a position to settle this liability on time.
Now they can renegotiate the loan but still have to eventually pay the loan off plus the interest.
They are cash positive but unable to repay the lone out of profit. For now that is not a problem, they are in a healthy position and can carry on for maybe a year or more, running on generated profits.
I'm sure the management are fully aware of the need to implement the various projects and have hinted that some parts are moving along with the negotiating agreements. It is in everyone's interest, including the directors, to move ahead with the other projects before the decline in production becomes a problem.
Changing PH at this point in time would be a terrible move.
I personally think the time scale will allow block energy to strike a deal or two. At the moment their hand is strong but as time moves on, with falling production, their hand will not be as good.
It's encouraging to see an improvement in the share price. If they do implement one or more project then this share will reflect what the deal is worth.
A positive RNS but still not enough to entice me back in.
Just my personal view in a share I know very well and as a potential investor I am totally entitled to post whenever I want.
Have a great weekend everyone!
I am sorry for the length of time in replying to your post. The reason being is, you are too weird and I blocked you a long time ago.
From time to time I view LSE on a site that has no filters. I then came across your post.
I wrote:
Nothing other than timing has changed.
We will test.......
We will drill 1 more well......
And ....... it's financed.
You conveniently missed out the first part and started writing weird things and rambling in a way that is out of context with what I wrote.
Please don't reply.
To clarify, my interpretation are, we are funded to test 3 wells and drill one well.
My friend, oily Fred, may annoy people with his views but he is not fixated on this share. He knows there is next to nothing to write at this point in time.
However there are a many on here, that have become almost stalker like in their constant and none stop trolling. They are very keen on getting into personal arguments and offer nothing in way of research. They appear to want nothing more than company's through the medium of chat. Nothing they say is necessary wrong and they are entitled to their view. However, I find in very boring to have to read this egocentric and perhaps even narcissistic trash.
My point is: why do you have such a desire to post and get into arguments? It would be fine if the conversation was about a research or interpretation of something relevent to Predator?
There is nothing happening with this share at the moment.
But in time it will.
Most people have a life and live in a real world.
Rant over 😆
My personal view is that the testing should of been completed by now.
I have listened to the various arguments as to why we never tested MOU-1.
We then raised the money for testing and one additional well. This locked in many investors, who brought in, as we headed toward 20p.
With the raise, the share value fell. We have had to endure month upon month of missed dates and a much lower price.
There are plausible reasons, however the bottom line is that there is uncertainty as to the time scale. This gives an opitunity for people with a different strategy to attempt to feed on the negative sides of predators. The same happened ( positivity ) as we raced towards 20p, with post after post of how rich we will all become.
I fail to understand how anyone can be so influenced by people's personal opinions but understand that if enough people as saying the same thing then I need to analyse the masses view.
I listed to the various personal opinions and it's part and parcel of modern day life.
All said and done it's the research and documented evidence that keeps me firmly holding onto these shares.
The return is still on and it's potentially a monster share to be holding at this price.
Nothing other than timing has changed.
We will test.......
We will drill 1 more well......
And ....... it's financed.
Three questions:
1) Will we test ?
2) Will we drill another well?
3) Do we think the research and prospects are strong?
The answers is "of course". Any other view is just trolling.
If you are holding for the testing and drill then the share price does not, in the long run, matter unless you are needing to withdraw funds.
I have not read anything that says we won't be testing or drilling one more well.
Nothing has changed with the risk/reward.
It's been stated that the funding is available for the sand jetting on 3 wells, plus the drilling of one additional well.
We are left with the final and frustrating question of "when?"
We see various posters with daily opinions of doom. They are playing a different strategy to me. I'm holding and will review once the testing results and progress is documented.
Have a great weekend everyone!
Patience is not the ability to wait, but the ability to keep a good attitude while waiting.” – Joyce Meyer
We are funded to test and drill another well.
The research is out there.
Enjoy..........
For clarification:
I said that funding will be required at some point in time. Various ways to achieve that and all depends on test results.
My point is that we are fully funded to carry out the testing and drill one more well. My understanding is based on the RNS. It is a legal document. Are you saying that Predator are issuing false financial figure?
I therefore feel it highly unlikely that predator would look for more funding before issuing the sand jetting results.
It would also have a massive negitive impact should we attempt to raise more money without proving up anything.
The only addition fund raise I would personally approve would be to finish off MOU-2 and additional funding to test MOU-5 and 2. (Not sure if Mou-5 is funded for testing)
The time scale has slipped but the research still keeps me firmly holding tight to my shares.
You state " my opinion " and that's all it is.
It's almost comical to watch how the various expert's post. First you get a long time troll hinting about funding needed. Then it's seconded by another poster who is not even invested. Like buses I expect a third attempt (or more) at undermining the share price. Paid trolls are part of the game.
Funding is always needed, everyone knows that, but not at this point in time.
First we will carry out the fully funded sand jetting program and next drill.
I will write again "fully funded".
So....Do we believe in your personal view or a legal document with the wording written in an RNS?
Everything, including funding, will be dependent on the test results .
A thumbs up to Jimmy. Keep up with your honest thoughts. Always welcome.
It's down to trusting your own research and knowing that despite the hold ups nothing has changed with the potential value of Predator.
We will test.....
We will drill one more well...
It always brings a smile to my face when a poster, W B in this instance, decides that he knows every single individual investor in Predator and then caterises them with a fake, superior and intellectual, understanding about anything and everything. In reality you know nothing and you add nothing.
There are tens of thousands of investors that are looking at the potential of this company. Do you know them all personality?
There are posters on here that carry far more weight that you. The reason for that is they have researched and they try their best to give a personal interpretation on things.
I invested due to my own research and until the testing is finished and results issued I hold film.
It does matters what anyone says at this point in time and the share price won't move until the sand jetting starts. Then it will be down to the results
Idiot.....
We will test our wells........
And........
We will drill another well.........
Then....
We will then know where we are.........
Hold and wait or sell.......
The research is out there for all to read.
Have a great day!
Trinidad is not worth 10p a share. Maybe 1p at best.
There is great potential there but way too early to add that kind of value.
Ireland is not priced in either.
Morocco reflects a great asset that has not yet been tested. Testing results are key to the end game.
Another step in the development of our Trinidad asset.
Paul and Lonny should have more time to focus on Morocco. That's where the real potential is.
The testing should happen soon 😎
I've more or less switched off from the testing program but it will happen.
Spain is starting to warm up and another summer of fun approaches. Life is good and if all goes well with predator then this year is going to be massive for me.
Good fortune to you all.
Morning....
Ryan is totally out of touch with reality. How much longer can stupidity last?
Could be interesting times ahead for Predator in Ireland.
That's one of the funniest posts of the day 😂
The bold goes on his other account to big himself up.
Actually, it's not funny is really sad that people have this desire to troll.
The bold, who I filtered ages ago, adds nothing of value.
Pathetic......
Welcome boff, the new investor 😆
I am very pleased to see you are an happy investor.😆
I knew you'd come round to loving PH !
One way or another this company has to find a way to make shareholders some money.....
The cash positive is fine for now but without any new works the money will eventually run out......
They do want the oil and gas in Georgia.
A farm out or sell off this asset will be the solution......
But can our hero pull that off for an acceptable return ?
I'm waiting to see the year end figures.
Things are moving.
Morocco: we can now see that the sand jetting and drill will happen soon.
Trinidad: Lonny has looked at potential wells to add value to this company.
Ireland: reality and behind the scenes pressure is, maybe , finally having an impact on decisions making.
There is a lot going on in the land of the Predator.
All to play for and despite the wait we are moving forward.
Great post rlightor........
Boff the potential is there.....
However, there is a time scale attached to unlocking the potential rewards.
Hence the unwillingness of investors to put money in at this point in time.
But it is a very good entry price.
With all the information available it looks very likely that project 3 could happen.
I think the annual report will give an indication of how strong Block Energy's hand is . I think not doing a quarterly report was wrong. Investors now have to wait to see the breakdown of production and revenue.
As always just my personal view.
Haha have the trolls now decended to question about Paul's health?
It's funny to read how desperate people are to troll a company.
Get a life....
At an AGM, many years ago, I ask PH and another director what their views were on selling off the company.
I got a smile and a very favourable reply.
I think selling everything would be a great deal for shareholders, but for the right price of course.
It's important to understand that by being cash positive they have a strong hand. It is going to take time, and money, to implement all that is required to turn this company into a big oil and gas producer.
Not needing to sell in desperation is important to note.
The Georgian government certainly want oil and gas.
What Block Energy have is massive potential and an up and running company.
They have the option to do additional project one work if they need to add additional revenue. But they are aware that a poor result would be detrimental to the overall game plan.
It totally depends on the strength of Bloes hand as to what can happen.
Just my take from a potential investor waiting in the wings.
Have a great bank holiday weekend everyone!