Member Info for Madman-Rob

24th January, 2024

PRD have made available to Scorpion Geoscience an extensive database comprising well reports, 2D

seismic data and technical reports relevant to the Guercif licence.

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.

20th February 2024

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

Mou-5

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.

The gas is certainly there.

The trolls argument is that we have not produced anything.

Management comments is:

There is enough data available to sell.

What is undeniable is:

We have found gas in multiple logs. Our well engineer says the gas could flow with the right treatment on Mou-3.

He would not say anything like that if there was no gas.

Formation damage has been the issue to date.

Our next well will use all available data and drilling technology to overcome the enormous amount of gas pressure.

I'm in and will wait!

The troll say we have nothing.

The data and research suggests otherwise.

In the real world any company wishing to buy, into what we have to offer will:

Read through the mass of data and information readily available online.

They will look at the structure of the company.

Look at the company's financial position.

Look at their relationship with the local government and authorities.

Look at the history.

Look at the potential.

Look at how venerable a company is.

They will ask many questions of management.

Employ their own experts to examine all the available information and make risk/ reward decision.

They will also be privy to additional information not released to the general public.

Their investment decisions will be one of making as much of a profit as possible in as short s time as possible. This is where a strong hand is needed to not undersell this company. In the end a compromised agreement should happen where both parties are willing to agree on a deal.

They will also be fully aware of the progress and opportunities in Trinidad. As the revenue starts to flow it will be clear, to an investor, that Predator not in a poor financial position.

There will also be investors interested in Trinidad.

Ireland will also be taken into consideration.

What they won't be doing is to make their investment strategy on the word of a troll.

I'm sure if I was to look at the posts written by these people I would find very little in substance and to why to buy or not to buy into Predator.

PG has publicly stated that he does not need the gas to flow to get a deal.

As, to the price on offer, my humble opinion is that maybe we have enough to offer with the current data. If not we continue with advancing all the assets.

Massive potential here.

Thank you Blackdogtaff for the various posts today. I have copied a few paragraphs that I found interesting. But a read of the full report is needed for context.

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.

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.

From time to time I like to have a quick peep at the people I filter.

Today I checked on this Titansorearse person.

Every post a negative and the whole agenda was to run down posters who write factual information and replace it with total FUD. Worthless in content.

You either have an agenda, and working for someone, if so your one sided rants make sense as you've are a paid troll.

However , If no agenda, then it begs the question of why are you here?

You come across like a bitter and sad individual that has lost the art of balanced anilitical discussion on a stock market share and your replies, or posts, are nothing more than egotistical school ground rants. You never questioned technical information with opposing technical facts instead it's insults as a deflection tactic.

Don't bother replying and I only check on trolls every blue moon.

Just sell and move on unless this BB is your distraction from whatever it is that has made you so bitter.

Meanwhile management are working hard behind the scenes with Morocco, Trinidad and Ireland.

My personal reason for coming online is to read the factual information posted or to be informed about interesting dada/articles that I may of missed.

No one here influences my buying or selling. Everything that's not factual is taken with a pinch of salt.

Enjoy your day everyone and I will practice songs for tonight's gig !

Morocco:

We have hardly scratched the surface of this asset. In that time we have produced countless logs and data, proving there is gas.

A prime example was Mou-3. The well was overpressurised. The overpressurised gas give Predator technical problems.

But what it did do was prove that the gas was there!

We have also historically, shown gas in multiple wells logs.

There will also, be multiple areas of our licence, that are as yet undiscovered.

Historically these sands have also produced oil. Helium is a strong possibility as well.

The potential is enormous.

Predator highlighted the strengthening of its collaboration with the National Office of Hydrocarbons and Mines (ONHYM) and the Moroccan authorities. These relationships, considered constructive, are presented as a key factor for the development and future commercialization of resources. The company now considers the Guercif block a benchmark asset in its international portfolio and a lever for medium-term value creation.

ONHYM also 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.

Why have the done that?

The Moroccan government and their King want what we have. They are building up their infrastructure and staff and will be keen to see advancements in energy.

A recent French artical suggested :

“The plan is to receive an upfront payment upon signing, followed by royalty payments indexed to production milestones, within a tax and legal framework already structured to enable a tax free transfer of control. The company estimates the risk valuation of its Moroccan resources at £160 million or about 23.4p pence a share, a level it says is still not reflected in the share price.”

That's just an initial price and given time will be higher.

The 1st meeting with one potential investor group should of started by now. There will be other interested parties.

The researched among us with know the potential of Trinidad and Ireland.

Final comment is that PG has stated that they don't need to get the gas to flow and it's a normal procedure to sell off an asset on information and available data.

Good fortune!

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 on Morocco.

We have also been given updates on Trinidad and Ireland.

This information will have been made available to companies that are showing an interest in what we have.

Our potential is there for all to see. We do not need to get the gas to flow to achieve a deal

Predator posted this a few weeks ago:

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.

Work programmes for Cory Moruga Snowcap field and Goudron field being advanced on schedule.

Morocco MOU-6 well planning near finalisation & 1st meeting with one potential investor group in 2 weeks’ time.

Preliminary discussions held with legal firms to determine scope of any potential claim against the Irish government in relation to the delay in awarding the Corrib South successor authorisation & certain other legacy issues have proved to be very +ve. Next stage is to access all documents relating to the regulatory process via an application for disclosure under the Freedom of Information Act

The end game has started.

I think, with the ever increasing likelihood of Predator becoming successful, the poster is saying that success won't matter as Algeria will invade/bomb Morocco or some such twaddle.

This first attack will maybe be on the rig set up on mou-6 . Best to sell your shares just in case.😆. And the kidnapping of Paul! ( I made that bit up )

I guess it's a complement to the potential that ridiculous story's are posted.

Trinidad is moving forward and hopefully, we will be getting a much improved production.

We have a lot of good candidates for the workovers.

Predator say:

The investment in CRL will give TRex ownership of the Bonasse field facilities, including oil storage tanks, some of which will be required for the Cory Moruga workovers and ultimate field development. The value of these assets therefore can be offset against the costs that would have been incurred in purchasing some production facilities required for the Jacobin-1 and Snowcap-1 workovers and the eventual appraisal of the Snowcap oil field. These costs were already factored into the company's existing working capital requirements therefore this investment removes the need for this expenditure."

The Bonasse field has seven wells that were in production before "being recently shut in for third-party contractual and non-operational reasons".

The asset is a candidate for the use of patented new SGN Technology chemical wax treatments.This sort of treatment has not been "previously applied in Trinidad".

I like Predator posting on X.

A good public relations exercise!

Great post Yuri1

It's why we hold !

Another to add to my endless list of posters engaging in pointless garbage with the tolls.

Not sure if this link will work.

It's a short video about Predators Trinidad operations.

More interesting than troll posts !

https://youtu.be/pR5OSCwaGgw?si=6bIsGGmJdIQ1-1Cr

The typical troll uses a form of click bait to get responses. They become outrageous and confrontational. This will encourage people to correct them. The LSE BB will then descend into a thread of traded insults, with each poster trying to be the top trump.

It's what these trolls want.

Big egos are not a great trading skill.

As, for the thinking behind this tactic, it could be one of many reasons. But to be honest I don't care. There is never any research shown, just insults. So why bother reading and engaging?

I have filtered them all, along with the posters who play their game.

I do find it annoying as it pushes informative posts lower down the page.

The bottom line is DYOR and make your own informed decisions based on facts and information available.

I have, and hold for the development that has started.

No guarantee but certainly worth waiting.

Patience is required.

I disagree with the view that Trinidad is a secondary asset primarily to be used to produced working capital.

In one years time we should be producing 1000 bopd,

There is scope for advancing many additions wells and workovers.

1000bopd is just the initial first stage.

If we can show that our work-overs can dramatically increase production, then we will send out a message to potential buyers that this is a very viable business.

1000 bopd can the become 2000 bopd and so on.

We just need to prove up the work-overs and add additional wells. This process is underway and initial data and progress looks promising.

The revenue can be used for any of our 3 assets and will keep us debt free in the day to day running of Predator.

A fund raise is always possible but with the addition funds now entering the bank the raise would be for an advancement of Morocco, should management decide to push forward.

I feel that PG will sell Trinidad once he has achieved his production goals.

Patience is required on all 3 of our assets.

It's worth remembering that when things happen the time scale can often be very quick.

Ireland will possibly go the litigation root and one to hold. Probably one to two years but before that we could sell the package to a larger investor who could be possible owning other assets in Ireland.

Trinidad could be sold soon but I believe to get a decent return we will need to be near the production level forecasted. So, about a year.

Morocco is kind of unknown as to when the end game will start. But there are clues and news could be anytime in the next 3 months but I think 6 months is more realistic.

All this for 3p 😄

The encouraging part is that if we can get 170% increase, then it bodes well for our overall concept of increase oil production. Cory Moruga Snowcap field and Goudron field are being advanced on schedule.

When all the current drills and workovers are complete we should be somewhere around 1000 bopd. This is healthy and only the start of our Trinidad upgrade.

MOU-6 well planning near finalisation.

1st meeting with one potential investor group in 2 weeks’ time. Anyone got any thoughts on this item ?

Preliminary discussions held with legal firms to determine scope of any potential. Ireland litigation progress is clearly being mapped out.

Great PR!

A very informative post from Predator.

Everything moving ahead.

Patience required.

I also pulled my money out over a year ago. I lost a lot but that's how it goes.

I have watched for a sign of improvement but to date it's all been failed promises.

I attended an AGM many years ago and talked to PH . What he hinted to me never happened. Since then I've never trusted him.

They are still in business so not all is lost and I wish all LTH well and hope your eventually get a return.

For me personally it's not the time to invest here even at .7p

Good fortune!

Reposted as it got removed.

So what is Ireland worth ?

Ireland’s only remaining Contingent gas resources

Predator has a 50% interest in Corrib South together with its partner, Theseus (50%). The Corrib South structure, located just 18 kilometres from the Corrib gas field, was formerly held by Shell as a “Reserved Area” during the development of the Corrib gas field. The Corrib South structure is potentially of an optimum size to prolong the life of the Corrib gas field infrastructure if gas is successfully discovered in the future.

Furthermore it may provide gas and hydrogen storage options to enhance security of energy supply. In 2024, Predator agreed in principle, a farm-out on successor authorisation for Corrib South.

2P (BCF)

212

3p (BCF)

452

Full details:

https://wp-predatoroilandgas-2024.s3.eu-west-2.amazonaws.com/media/2024/09/Mag-Mell-Ireland-Project-Description-July-2020.pdf

There is a partner, Theseus Ltd., with 50%. That partner was created before our IPO way back in 2014/15. I own 50% of Theseus which is all declared and my partner Vivian an Caston owns the other 50%, and that is obviously reversible at any time into Predator to gross the asset up to 100% and we have then, effectively, 100% of the resources.”

The thread taken down was a collection of interesting factual information. It was about all things Ireland.

You guys must, by now, understand that the trolls agenda hates anything that is of a useful nature. It shows that this prolonged attack on this share is planed. They will report threads that help individuals investors or bombard this BB with rubbish to push the better posts down the page.

These people and not to be trusted.

Why some posters keep replying other than fact checking is beyond me.

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

ONHYM also 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.

Draw you on conclusions on how that will fit in with Predators position.

It all looks encouraging to me.

Wow the trolls are really keen to push their narrative.

If you look through any of their histories you will see the same identities popping up with various names. The argument is always the same, one of misinformation and negatives.

I will reprint one if my previous posts just to balance the dross.

For anyone with a basic intelligence, it is clear that there is gas in the Moroccan sands, plus a likelihood of Helium.

Historically these sands have also produced oil.

We have hardly scratched the surface of this asset. In that time we have produced countless logs and data proving there is gas. A prime example is Mou-3. The well was so overpressurised that it gave Predator problems. Our well engineer stated that with correct treatment the gas can flow. Due to formation damage this has not yet happened. But the gas is there.

The simple fact is, Predator has an asset that has shown gas in multiple wells.

The other thing to remember is there will be multiple areas of our licence that are yet undiscovered. The potential is enormous.

The hard part will be the negotiation to get a decent deal.

We may need to prove up Mou-6 to achieve top Dollar but PG has said that is the overall concept that he is marketing.

He is also aware that we can be swallowed up whole for a pittance. To date he has kept a tight rein on finance. He has also started building up Trinidad and a way to strengthen his hand by producing revenue.

Like all businesses there are games being played and corporate agendas designed to wear a company down so that they become easy prey.

Predator are staying strong, they are solvent and showing a marketable value for potential clients.

Last point, the Moroccan government and their King want the gas and are building up their infrastructure and staff. They will not let years pass and will have a massive influence on everything. Our relationship with them is good.

To sum up. This share is currently 3p. My break even is 10p.

We will sell for way higher than this low price.