Member Info for Madman-Rob

I wonder what the revised NuTech updated technical ITR/CPR designed for the incoming suitor will look like?

Mou-3 was already impressive and just a part of what we have.

Mou-3:

MOU-3 was drilled to 1,509 metres Measured Depth and completed for rigless testing.

Seven gas samples collected whilst drilling.

50.5 metres of gross sand interval in primary target.

Secondary targets Ma and TGB-6 sand intervals confirmed to be present and gas-bearing based on NuTech petrophysics and gas samples collected whilst drilling.

Ma and TGB-6 intervals correlated with MOU-1 drilled in 2021 to potentially define a single structure covering up to 21 km2.

11 metres of unexpected sand encountered at shallow depth with over-pressured gas.

Multiple zones of interest from 339 to 1435 metres TVD MD

· Ma Sand gas trap potentially could cover 58km²

· Multiple zones of interest from 339 to 1435 metres TVD MD

· Ma Sand gas trap potentially could cover 58km²

1. Ma and TGB-6 sand interval

Within the interval from 815 to 895 metres TVD MD five potential sands with gas shows were encountered. Individual sands have a maximum thickness of 3 metres giving an estimated cumulative thickness of 11.5 metres versus a P10 pre-drill forecast sand thickness of 10 metres.

The Ma Sand had a 3% formation gas show.

TGB-4 sands

Several thin sands of up to one metre in thickness were encountered in TGB-4 from 1046 to 1070 metres TVD MD. Sub-TGB-4 sands

From 1112 to 1140 metres TVD MD. five thin sands, individually up to one metre-thick, were encountered. Moulouya Fan sand

The Moulouya Fan sand was encountered from 1378 to 1437 metres TVD MD with approximately 50.5 metres of sand.

Elevated background gas readings were recorded whilst drilling this section.

Seven gas samples collected in isotubes in MOU-3 whilst drilling at measured depths of 446, 508, 555, 750, 817, 846 and 1395 metres have now been analysed by Applied Petroleum Technology (UK) Ltd. ("APT") in their Oslo laboratory. Gas composition is in the range 98.04 to 99.57% methane, making it ideal for a Compressed Natural Gas development with minimum processing. Isotope analysis indicates the gas is biogenic in origin.

PG comment:

The analysis of gas collected from multiple levels whilst drilling MOU-3 is encouraging as it indicates gas from a biogenic origin with up to 99.57% methane content, which is ideally suited to a CNG development.

Can we please fill this BB with none troll posts ?

I was going to say at 4000bopd it would be out of Predators reach but at 1000bopd it could happen.

It would make sense for predator as they have amassed a lot of the infrastructure and are certainly in a great position to do the wax treatment to existing fields that are in slow decline.

Build up the Trinidad asset, then sell on is my personal view..

Thanks to BDT for info.

Remember ........

Predator is targeting production growth from 280 bopd to 1,000 bopd over next 12 months

"Snowcap-3” is planned in the near-term intending to prove up the P90

resources case with an NPV @10% discount of £67 Million or 12 pence per share based on £159

million undiscounted post-tax profits for the Base Case of approximately 8.33MMbbl

recoverable using a 15 year production profile peaking at 3,500bopd which equates to c. 58.2%

of available 2C + P50 (Unrisked) Prospective Resources.

That's a very healthy return and the target is very achievable. It's also just a starting figure.

PRD is also targeting re-entry of several wells in Cory Moruga to provide IP and cashflow. The report goes on to say:

Based on the values

presented in Table 2, average flow where a single Herrera reservoir sand flowed on test is 264 bopd per

flowing unit. Peak sustained flows of 432 bopd have been measured from single sands in Rochard-1

yielding a combined flow of 1,321 bopd from the five intervals that flowed on test in the three wells

located in the main Snowcap structure.

what is interpreted to be H#2 sands, however elevated resistivity in H#1 sands indicates there may be

The aims of the initial development work programme being progressed by PRD are as follows:

SC-1

• Workover H#8 Sand only

• 200 bopd Initial Production (IP) declining to 130 bopd after 12 months

• Wax treatment and gas management critical to reduce decline rate

SC-2ST1

• Workover H#6, H#7 and H#8 Sand – subject to borehole condition

• 200 bopd IP declining to 130 bopd after 12 months (upside 300 to 400 bopd IP)

• Wax treatment and gas management critical to reduce decline rate

SC-3 (Proposed)

• Target H#1 - H#3 and H#6 - H#8 stacked sands in single well “Snowcap-3”

• Co-mingle Herrera H#1, H#2 and H#3 Sands for 1,000 bopd IP declining by 35% over 12 months

• Once H#1, H#2 and H#3 Sands are at equal pressure add H#6, H#7 and H#8 sands to production

for an additional 400 bopd Initial Production (IP) declining by an estimated 35% over the first 12 months.

There is a lot of oil still to be delivered in Trinidad.

With our expertise we will expect to see a vast improvement in our oil production and revenue.

We have set up risk free deals with the drilling operator and will utilise the tax breaks.

A post card from Trinidad.

· Predator are expanding their portfolio to produce assets in Trinidad in order to achieve economies of scale ;

· First oil revenues realised in Trinidad: £66,815 (2024: £0)

· A Production and Field Services Management Agreement was executed with NABI Construction (Trinidad and Tobago) Limited ("NABI") whereby the Company was relieved of the burden of funding field operating costs, workover and drilling costs in lieu of receiving 30% of gross sales revenues less tax and royalty and 20% of gross sales revenues less tax and royalty for infill drilling after recovery of NABI's drilling costs.

· NABI performed 6 light well workovers to restore the Bonasse Field to initial start-up production.

· Planning for up to 2 heavy workovers and one infill development well is progressing for execution later in 2025

Preparations for drilling Snowcap-1 Q1/Q2 2026 are progressing and a rig has been identified and inspected for reactivation

· 2C/2P of 1.4/12.91M barrels of oil resources for the Snowcap structure remain unchanged from the last Independent Technical Report dated January 2024

· Appraising and developing the Snowcap-1 discovery remains the core asset for the Company in Trinidad with the potential to deliver at initial production rates requiring a sales point with no capacity constraints and a sensible commercial handling fee.

The acquisitions announced in the period under review increases the Company's footprint and visibility in Trinidad, which in turn creates more options for establishing a sales point for the Cory Moruga oil

Predator’s Steeldrum Petroleum’s Trinidad operations running ahead of schedule. Bonasse field production up 170% as of Nov 4 as 2 additional wells restored to production following successful workovers. Infill drilling in Bonasse commencing next week on receipt of final approvals.

Looking at a 1000bopd production in one year!

We also have great tax breaks.

The beaches are also beautiful and I recommend the local rum!

Mou-6 was put back to start of Q3 .

All explain in the investors meeting.

That supercedes the Ist August update..

I think Predator will proceed with Mou-6, or at least make out they are near to drilling. This would put pressure on any would-be buyer.

In a way it's a calculated gamble for both parties. Success for Predator and the price goes through the roof.

It would also alert the media and the big companies to the gas potential as a whole.

Failure and we may well be squeezed on pricing, resulting in Paul pulling out from negotiations and a price drop and delays.

I'm hoping we can reach a beneficial agreement that works for both companies.

We should be drilling Mou-6 very soon!

Initially, Paul will use the on-coming drill in his negotiating strategy.

It's our potential jackpot in the development of this asset.

I have been posting, in the last few weeks, as much information as I can find on the actual gas readings show in the logs, along with potential gas bearing sands.

There are multiple readings showing gas.

There is also Helium potential.

This is a repost, in part, of KeithOz's excellent summary:

"PRD are employing an additional world-class outfit, Italfluid. They were not involved in prior well testing, only the most recent attempt. They are in agreement with Paul that the prevention of gas flow is the result of formation damage. More importantly, they have been able to identify and quantify the exact cause of the problem and thus propose an overall well design and completion that will not cause formation damage, and allow gas to flow freely from the extremely fine grained and unconsolidated reservoirs."

My observation:

Predator, Italfluid and Predator's well engineer have all said the gas can flow with the correct drilling technics. The available technical data shows gas and more importantly, where and how, to drill.

The mud issue was problematic but there is no denying that there is gas in the sands.

ONHYM have recruited:

Drilling and Oil Production Technicians,

Reservoir Engineer,

Oil Exploration Geologist.

Is the timing just a coincidence? I'm sure they are aware of what's in the sands and Predator's potential.

What is an acceptable sale price, with the existing data only?

Certainly higher with a Mou-6 success.

Maybe, if Paul can get a smaller, but acceptable sum, with royalties, then a deal could be struck?

With the added Trinidad build up and a potential liability claim in Ireland, I feel this is the right time to be invested here.

But of course, DYOR!

Let's stick to what is documented !

Morocco:

MOU-6 well planning is nearing finalisation.

A successful drill will add profit. The problematic mud issues have been analysed and an expert team assembled, They knows what to do.

The potential is massive.

1st meeting with one potential investor group should of started.

Mou-1:

Formation gas shows were recorded in a shallow sand at 605 metres measured depth ("MD") comprising 2.35% or 19,392 ppm C1 methane.

Total background, exclusively dry gas, increased from 0.6% to 1.7% (5,232 to 13,800 ppm C1) down to 1,159 metres MD. Formation gas shows of 1.8% and 3.8% (13,355 to 36,035 ppm C1) were encountered whilst drilling this section.

Below 1,159 metres in the lower Guebbas and Hoot (using the stratigraphic nomenclature of the Rharb Basin) total background gas was from 0.7% to 1.5% (5,000 to 11,996 ppm C1) but with traces of heavier gases C2, C3 and C4. Formation gas shows of up to 1.67% (13,643 ppm total gases) were also recorded.

Wireline logs were run from 724 to 1487.4 metres MD over the interval with gas shows.

MOU-2 was drilled to 1,260 metres Measured Depth before being suspended for operational reasons for a possible later re-entry.

THREE GAS samples collected whilst drilling.

100 metres of variable quality sand in primary target.

MOU-3 was drilled to 1,509 metres Measured Depth and completed for rigless testing.

SEVEN GAS samples collected whilst drilling.

50.5 metres of gross sand interval in primary target.

Secondary targets Ma and TGB-6 sand intervals confirmed to be present and GAS- based on NuTech petrophysics and GAS samples collected whilst drilling.

Ma and TGB-6 intervals correlated with MOU-1 drilled in 2021 to potentially define a single structure covering up to 21 km2.

11 metres of unexpected sand encountered at shallow depth with OVER-PRESSURISED GAS.

Formation damage predicted due to necessity to drill with heavy drilling mud - to be potentially penetrated using Sandjet rigless testing technology.

· MOU-4 was drilled to 1,199 metres Measured Depth and completed for rigless testing.

Unexpected 58 metres of gross M1 Sand potential reservoir interval, interpreted by NuTech as GAS-BEARING .

21 metres of gross sand in primary target with improved reservoir characteristics compared to MOU-3 and interpreted as GAS-BEARING by NuTech petrophysics.

Trinidad:

Lots of research and articles are ready available to read.

This asset is progressing into a solid, stand alone, venture. Trinidad will add additional revenue and given time, sold off for profit. The workovers have started and a new drill is happening soon.

Ireland:

Today's article, posted here earlier, highlights the desperate state of affairs in Ireland.

Mag Mel is an option that has to be taken seriously.

We have learnt from our history.

Multiple reasons to hold or buy !

Domerian carbonate primary target penetrated supporting pre-drill play concept

50 metre interval under petrophysical and petrographic review

100 metres below crest of Domerian carbonate bank culmination

· Helium show above primary target

· Never before seen 30 metre good quality gross sand below Domerian.

MOU-5 drilling results have importantly established for the first time the presence of Triassic salt in this part of the Guercif Basin.

Unexpected 58 metres of gross M1 Sand potential reservoir interval, interpreted by NuTech as gas-bearing

21 metres of gross sand in primary target with improved reservoir characteristics compared to MOU-3 and interpreted as gas-bearing by NuTech petrophysics.

64 metres of likely gas sands interpreted by NuTech in MOU-4

· Likely gas reservoir at top of Jurassic carbonate target.

519 to 713 metres TVD MD, including the M1 sands.

50 metres of likely gas sands.

778 to 879 metres TVD MD, including the Moulouya fan and Lower Fan.

12 metres of likely gas sands.

1139 to 1143 metres TVD MD, including the top of the Jurassic carbonates.

2 metres of likely gas reservoir with average porosity 19.9% (maximum 20.6%) and average gas saturation 56% (maximum 73%).

The recognition by NuTech of likely good quality thin gas reservoirs at the top of the Jurassic carbonate is particularly significant in the context of the large Jurassic structural closure that MOU-4 was purposely located at the edge of, so as to successfully penetrate the primary pre-drill target which was the Moulouya Fan.

MOU-3 was drilled to 1,509 metres Measured Depth and completed for rigless testing

Seven gas samples collected whilst drilling.

50.5 metres of gross sand interval in primary target.

Secondary targets Ma and TGB-6 sand intervals confirmed to be present and gas-bearing based on NuTech petrophysics and gas samples collected whilst drilling.

Ma and TGB-6 intervals correlated with MOU-1 drilled in 2021 to potentially define a single structure covering up to 21 km2.

11 metres of unexpected sand encountered at shallow depth with over-pressured gas.

Multiple zones of interest from 339 to 1435 metres TVD MD

· Ma Sand gas trap potentially could cover 58km²

· Multiple zones of interest from 339 to 1435 metres TVD MD

· Ma Sand gas trap potentially could cover 58km²

1. Ma and TGB-6 sand interval

Within the interval from 815 to 895 metres TVD MD five potential sands with gas shows were encountered. Individual sands have a maximum thickness of 3 metres giving an estimated cumulative thickness of 11.5 metres versus a P10 pre-drill forecast sand thickness of 10 metres.

The Ma Sand had a 3% formation gas show.

TGB-4 sands

Several thin sands of up to one metre in thickness were encountered in TGB-4 from 1046 to 1070 metres TVD MD. Sub-TGB-4 sands

From 1112 to 1140 metres TVD MD. five thin sands, individually up to one metre-thick, were encountered. Moulouya Fan sand

The Moulouya Fan sand was encountered from 1378 to 1437 metres TVD MD with approximately 50.5 metres of sand.

Elevated background gas readings were recorded whilst drilling this section.

Seven gas samples collected in isotubes in MOU-3 whilst drilling at measured depths of 446, 508, 555, 750, 817, 846 and 1395 metres have now been analysed by Applied Petroleum Technology (UK) Ltd. ("APT") in their Oslo laboratory. Gas composition is in the range 98.04 to 99.57% methane, making it ideal for a Compressed Natural Gas development with minimum processing. Isotope analysis indicates the gas is biogenic in origin.

PG comment:

The analysis of gas collected from multiple levels whilst drilling MOU-3 is encouraging as it indicates gas from a biogenic origin with up to 99.57% methane content, which is ideally suited to a CNG development.

The MOU-2 well was suspended with an option to re-enter after reaching a depth of 1,260 metres Measured Depth. Wireline logs were acquired from the 95/8" casing point at 677 metres to 1,010 metres Measured Depth.

The wireline logging tools were not able to log deeper than this depth due the presence of extremely sticky clays in a geological formation overlying the Moulouya Fan primary objective.

Below the logged interval a gross interval of 165 metres was penetrated with up to 100 metres of variable quality sand.

Presence of significant thicknesses of sands demonstrate the potential sand source area feeding the Moulouya Fan below the debris flow.

Three gas samples collected whilst drilling.

100 metres of variable quality sand in primary target.

Formation gas shows were recorded in a shallow sand at 605 metres measured depth ("MD") comprising 2.35% or 19,392 ppm C1 methane

Total background, exclusively dry gas, increased from 0.6% to 1.7% (5,232 to 13,800 ppm C1) down to 1,159 metres MD. Formation gas shows of 1.8% and 3.8% (13,355 to 36,035 ppm C1) were encountered whilst drilling this section.

Below 1,159 metres in the lower Guebbas and Hoot (using the stratigraphic nomenclature of the Rharb Basin) total background gas was from 0.7% to 1.5% (5,000 to 11,996 ppm C1) but with traces of heavier gases C2, C3 and C4. Formation gas shows of up to 1.67% (13,643 ppm total gases) were also recorded.

Wireline logs were run from 724 to 1487.4 metres MD over the interval with gas shows.

Paul Griffiths commented on the positive indications of the presence of gas in MOU-1.

Gross section of 75 metres corresponds to pre-drill seismic "bright spot" with increased resistivity log response and formation gas show.

Presence of dry gas in MOU-1 reduces development costs for CNG.

CPR establishes gross Contingent Resources of 393 BCF following MOU-1

Contingent resources:

The Best Estimate assessment uses a gas initially in place ("GIIP") estimate of 595 BCF based on an area of closure following the drilling of MOU-1 of 31.7 km².

MOU-1 established a common structural closure with the original MOU-4 Prospect and calibrated the pre-drill seismic amplitude anomalies over this area with the gas-bearing interval encountered in MOU-1.

 

I agree that we have not produced any gas yet, this has been a big disappointment. however, this was due to formation damage and incorrect mud balance. The drilling issue should now be solvable.

What the trolls refuse to accept is that we have amassed a large amount of data showing GAS.

Oak Securities:

On March 5th 2025 Oak Securities set a valuation of £1.48 on Predator. Since then Predator has accumulated a vast amount of data in Morocco.

Predator highlighted the strengthening of its collaboration with the National Office of Hydrocarbons and Mines (ONHYM) and the Moroccan authorities.

Under the new model, ONHYM will be allowed to form subsidiaries and take part in the capital of other companies.

ONHYM recently had a recruitment drive for various new staff, amongst the post on offer were:

Drilling and Oil Production Technicians,

Reservoir Engineer,

Oil Exploration Geologist.

GAS sales:

Memorandum of Understanding executed for the purchase natural gas; designing, funding, constructing and operating an LNG distribution network; and to provide the services of selling and distributing LNG to industrial and commercial users in Morocco.

Predator have taken critical steps in Morocco to finance and monetise near-term oil and gas development projects; facilitated future opportunities to pursue "blue sky" exploration potential for gas and helium in Morocco.

MOU-6 well planning near finalisation & 1st meeting with one potential investor group should of started.

MOU-2 was drilled to 1,260 metres Measured Depth before being suspended for operational reasons for a possible later re-entry.

THREE GAS samples collected whilst drilling.

100 metres of variable quality sand in primary target.

· MOU-3 was drilled to 1,509 metres Measured Depth and completed for rigless testing.

SEVEN GAS samples collected whilst drilling.

50.5 metres of gross sand interval in primary target.

Secondary targets Ma and TGB-6 sand intervals confirmed to be present and GAS- based on NuTech petrophysics and GAS samples collected whilst drilling.

Ma and TGB-6 intervals correlated with MOU-1 drilled in 2021 to potentially define a single structure covering up to 21 km2.

11 metres of unexpected sand encountered at shallow depth with OVER-PRESSURISED GAS.

Formation damage predicted due to necessity to drill with heavy drilling mud - to be potentially penetrated using Sandjet rigless testing technology.

· MOU-4 was drilled to 1,199 metres Measured Depth and completed for rigless testing.

Unexpected 58 metres of gross M1 Sand potential reservoir interval, interpreted by NuTech as GAS-BEARING .

21 metres of gross sand in primary target with improved reservoir characteristics compared to MOU-3 and interpreted as GAS-BEARING by NuTech petrophysics.

There is a massive amount of relevant data out there..

I see that troll one says " a deal is not good if it's not done e. correctly" thank you for your feedback. At least it an acknowledgement that we are talking to someone.

Troll 2 says everything that is written up is just ramping .

Are you saying that all the documented RNS's are lies ?

Be careful what you say and it's beginning to sound like you are of the opinion that the RNS's are lies.

Could you please clarify what you mean!

I attempted one final attempt to have a balanced and honest dialogue with our trolls and asked them 4 questions:

1) Do you believe there is a commercial amount of gas in Morocco ?

2) Do you think we can overcome the drilling issue ?

3) Do you think a larger company will buy us on data only?

4) Do you not see the value in Trinidad?

Porter gave his opinion that we have nothing to sell.

The rest conveniently did not reply.

They then started claiming that they are not allowed free speech. This was followed up by hinting that all the research posted was ramper hype.

Not once have any of them responded with interpretation of the logs and general build up of information. Or why they disagree with all the available data.

Instead it's just FUD and insults.

When I post, I simple copy and paste relevant articles from general sources and RNS's. I will give my opinion based on information.

For some reason they do like this new tactics of LTH's posting readily available facts.

Remember Mou-3 sands has gas and lots of it, as does our other wells.

Next step is to learn how best to drill with the correct mud balance.

Exciting times and patience is required.

Being the first of the month I have written to Santa.

My two requests were:

Good health.

And can we please see a return on this investment!

For those that had reread all the research it's clear that Trinidad will soon be underpinning the day to day costs of the company. This additional finance will put PG in a position of not selling early due to money problems.

We may need to raise for additional work but not to pay the running costs.

My thoughts is when will we see a return and what is the likely return with a sale on data only ?

A sale of flowing gas would obviously be massively higher. Thoughts on that too !

Potential buyers will be full aware that to buy now would be at a considerably lower price that one of buying into a Mou-6 success.

If we actually, announce a spud date soon I believe that would set the clock ticking on risk/reward.

Oak Securities:

On March 5th 2025 Oak Securities set a valuation of 1.48p on Predator. Since then Predator has accumulated a vast amount of data in Morocco.

Predator highlighted the strengthening of its collaboration with the National Office of Hydrocarbons and Mines (ONHYM) and the Moroccan authorities.

Under the new model, ONHYM will be allowed to form subsidiaries and take part in the capital of other companies.

ONHYM recently had a recruitment drive for various new staff, amongst the post on offer were:

Drilling and Oil Production Technicians,

Reservoir Engineer,

Oil Exploration Geologist.

Gas sales:

Memorandum of Understanding executed for the purchase natural gas; designing, funding, constructing and operating an LNG distribution network; and to provide the services of selling and distributing LNG to industrial and commercial users in Morocco.

Predator have taken critical steps in Morocco to finance and monetise near-term oil and gas development projects; facilitated future opportunities to pursue "blue sky" exploration potential for gas and helium in Morocco.

MOU-6 well planning near finalisation & 1st meeting with one potential investor group in 2 weeks’ time. That was posted on Twitter a few weeks ago.

MOU-2 was drilled to 1,260 metres Measured Depth before being suspended for operational reasons for a possible later re-entry.

Three gas samples collected whilst drilling.

100 metres of variable quality sand in primary target.

· MOU-3 was drilled to 1,509 metres Measured Depth and completed for rigless testing.

Seven gas samples collected whilst drilling.

50.5 metres of gross sand interval in primary target.

Secondary targets Ma and TGB-6 sand intervals confirmed to be present and gas-bearing based on NuTech petrophysics and gas samples collected whilst drilling.

Ma and TGB-6 intervals correlated with MOU-1 drilled in 2021 to potentially define a single structure covering up to 21 km2.

11 metres of unexpected sand encountered at shallow depth with over-pressured gas.

Formation damage predicted due to necessity to drill with heavy drilling mud - to be potentially penetrated using Sandjet rigless testing technology.

· MOU-4 was drilled to 1,199 metres Measured Depth and completed for rigless testing.

Unexpected 58 metres of gross M1 Sand potential reservoir interval, interpreted by NuTech as gas-bearing.

21 metres of gross sand in primary target with improved reservoir characteristics compared to MOU-3 and interpreted as gas-bearing by NuTech petrophysics.

MOU-3 and MOU-4 confirmed potential for stratigraphic trap covering 68km2 for the primary Moulouya Fan target.

MOU-4 achieved its secondary objective by defining the edge of the Jurassic carbonate prospect located to the east of the MOU-4.

Analysis of gas samples confirms up to 99.57% methane suitable for CNG development.

Looking good for the patient ones amongst us!

For a balance argument, (as to a reply to the recent posts highlighting the gas finds in the logs, the initial stages of negotiation and the advancement of our Trinidad asset).

I have read the various replies from the trolls. All of them choose to insult and point out we have not produced any gas to date.

Thank you for you in-depth response.

I am fully aware, after holding for six years, that we have not produced any gas. I totally agree that it is frustrating and annoying. Bottom line should be, if your that unhappy then sell up and move on

But there ends the content of analytical discussion and debate by any of the individual that I bothered to read in the name of constructive debate. No comments on logs.

If you are still holding then the question must be:

1) Do you believe there is a commercial amount of gas in Morocco ?

2) Do you think we can overcome the drilling issue ?

3) Do you think a larger company will buy us on data only?

4) Do you not see the value in Trinidad?

If you are really holding shares here then these are valid questions.

By continually quoting the past and unwilling to look at the future you have set yourselves up as blinkered.

Your response will certainly give me an inside into your motives . My reason for filtering is your lack of balanced posts and desire to insult in the safety of a computer screen.

I will not enter into any more posts with you. I just want an honest answer.

Regards .

The share price is based on where we are now.

They have not priced in potential.

Trinidad is in an early stage of development.

The ball is, very much, rolling and it's set up for multiple well work overs and new drills.

If you care to research you will see that there is a large number of wells that are ready for wax treatment.

We will start on the most promising ones first.

The initial target is 1000bopd and as the years progress so will the oil production. Tax loses will be used and a deal was struck with the drilling well provider to take the risks.

I think once the concept is proven we will sell.

I'd be interested in people's opinions as to the share value of Trinidad alone when we have advanced to the 1000 mark.

Ireland is a project that will take a lot longer to reach a conclusion. A small value increase if we start litigation. But then a few years after that for a court ruling. Also a possible of an early settlement of acceptance of our licence by the Government if they get backed into a political corner.

The general, intelligent, opinion on this BB is that we have proved, that there is gas in Morocco. Every single well has shown the presence of gas and the potential is enormous. There is also Helium.

I am sure that Predator has learnt from past drilling technics with overpressurised sands and mud balance. We have assembled a team of experts and will used their knowledge to overcome the historical problems.

What the market and trolls fail to understand is that it's only a matter of time before we get the gas to flow. Then the rerate will begin! I will wake up one morning and go wow!

I'm in a strong opinion that we will get the gas to flow and that the logs have shown enough value for negotiations to proceed. I'm also of an opinion that the bigger company are showing an interest. First meeting should of already started.

Our finances are also healthy and will be boosted by Trinidad. Additional funding only for additional work . Makes us less vunable to hostile bid.

I really appreciate the effort of people posting facts and documents and articles along with copies from interviews.

Knowledge is king.

We can then give opinions based on facts and probability.

Scare mongering and general FUD by people with multiple accounts is looking very childish and desperate.

Onwards and upwards!

Infinity and beyond 🦖

Trinidad

Predator says:

· Expanded the portfolio of producing assets in Trinidad in order to achieve economies of scale ;

· First oil revenues realised in Trinidad: £66,815 (2024: £0)

· A Production and Field Services Management Agreement was executed with NABI Construction (Trinidad and Tobago) Limited ("NABI") whereby the Company was relieved of the burden of funding field operating costs, workover and drilling costs in lieu of receiving 30% of gross sales revenues less tax and royalty and 20% of gross sales revenues less tax and royalty for infill drilling after recovery of NABI's drilling costs.

· NABI performed 6 light well workovers to restore the Bonasse Field to initial start-up production.

· Planning for up to 2 heavy workovers and one infill development well is progressing for execution later in 2025

Preparations for drilling Snowcap-1 Q1/Q2 2026 are progressing and a rig has been identified and inspected for reactivation

· 2C/2P of 1.4/12.91M barrels of oil resources for the Snowcap structure remain unchanged from the last Independent Technical Report dated January 2024

· Appraising and developing the Snowcap-1 discovery remains the core asset for the Company in Trinidad with the potential to deliver at initial production rates requiring a sales point with no capacity constraints and a sensible commercial handling fee.

The acquisitions announced in the period under review increases the Company's footprint and visibility in Trinidad, which in turn creates more options for establishing a sales point for the Cory Moruga oil

Predator’s Steeldrum Petroleum’s Trinidad operations running ahead of schedule. Bonasse field production up 170% as of Nov 4 as 2 additional wells restored to production following successful workovers. Infill drilling in Bonasse commencing next week on receipt of final approvals.

Looking at a 1000bopd production in one year!

We also have great tax breaks.