Member Info for Madman-Rob

Thanks for reply Porters !

Porter, you say that you think a fund raise could happen. I'm interested in what you think it would be used for?

We have all the necessary finance for the next 12 months.

I agree that this may well happen. But how and why? Do you think it will be to expand the business with multiple wells or by finishing off MOU-2 or a CNG deal?

I do you think it likely that additional funds could be raised by a deal being struck?

I await your input as to why you think we will need additional money. I also appreciate that you are most likely to not respond as that is not in your remit.

They have a cash balance, at period end of £4,352,190 (2023 year end: £6,484,034)

· A further £1,186,155 (US$1,500,000) held as restricted cash.

They also say:

The Company has had no requirement during the period under review to strengthen its finances through a Placing. It is fully-funded to carry out its firm work programmes over the next 12 months whilst retaining enough discretionary cash as and when required in the event additional well intervention operations are required, or by re-purposing spending for potential drilling operations, to enhance its existing well portfolio in Morocco and Trinidad in a production context. The Company remains totally debt-free.

They say 12 months. To me that includes MOU-5 as I cannot believe they will not start that drill in the next 12 month period.

I also think that without drilling MOU-5 and then testing they will not have the final piece of the jigsaw in place. Without out they will not be in a position to expand the business.

Over to you Porter for your reply.

Looking back at the recent RNS, I remind myself what a big statement of intent it is for people, in the know, wanting to be paid in shares.

"Several advisers have requested to take shares for services to show their alignment with the Company's strategy regarding the near-term drilling of MOU-5 and the assessment of the potential for helium in a large geological structure based on global settings for the presence of helium including, but not limited to, the supergiant Hassi R'Mel gas field in Algeria to the east of Guercif."

PG then adds:

"The Company is delighted to have received an unsolicited proposal from advisers to take shares as a measure of the understanding and confidence that exists in the Company's near-term newsflow activity."

The waiting game continues.

Good fortune to everyone who has managed to hold firm. I really hope we are all well rewarded for our patients.

MOU-5 is the key to unlocking the potential. But the testing is needed first to enable us to move forward.

The sand-jet testing team are onsite and therefore must be testing. A point in time must arrive soon where their job is done. Then it's down to analysing and using the results to move this company forward.

Exciting times to come?

I certainly hope so.

The big question for me is when?

You can spot an troll by:

1, What they write. Always focusing on negatives.

2, How often then write the same narrative. Never balanced and often, no more than a personal attack on other posters.

3, What they don't write. It's like they don't read the RNS's. They latch onto the parts of the company that have not gone as smoothly as expected. That's okay to do. But you also need to write about the potential and where we actually are in the pursuit of the end game.

AV and porter and several of the negative posters are only capable of writing one sided posts.

The James guy, for what ever reason, has suddenly decided to go all in negativity. The timing coincides with last few positive RNS's. You were writing balanced posts and suddenly your stance has switched?

No problem with the content but the posts are beginning to look like someone with an agenda.

Look at the clues.......

Look at the.......

CLUES !

The market is waiting for an RNS staying "A commercial amount of gas and helium has now been confirmed and a mega deal has been struck."

With each RNS we get an inclination of what it happening.

Is a potential deal being put together?

Are we near to achieving all that the data indicates ?

There may well be multiple RNS's needed before we reach the promised land. The market, of course, wants a nailed on RNS and will do what MMs do best. To be honest it really does not matter anymore how the market reacts. With each new snippet of information released my confidence increases.

What I'm in for is the end game. I am comfortable waiting.

My personal view is read between the lines and ask yourself does this look like a company that has a low probability of success ? Try and understand what is NOT being said in the information written.

There are always risks attached but there are also, sometimes, rewards and this share looks like it's just about to reward.

We also have Trinidad and Ireland.

If we do get that confirmation, then everyone will then be able to buy in at the wonderful low price of 9p ! 😂

Just my humble opinions from a beach in Spain..

Morocco........

Trinidad.........

Ireland..........

Have a great weekend everyone 🦖🦕🦖

19 TCF........

If there is indications of that amount of gas in just the small area that has been drilled then, what is this asset worth fully developed?

Would not be by us, but if commercial gas amounts are proven then it will give us a very strong hand.

But first we need to put this all together.

Drill the next wells and prove up flow rates across multiple areas. That should move us along nicely........

Big apologies to sheep hatch🥴 .... sorry I meant smartbeds

I have read your posts sheephatch and it mostly consists of you calling people trolls.....

Filter for you.

This thread was going along nicely untill smartbeds started personal insults. That was not called for. There was nothing in Jimmy post that warranted your troll reply.

And...

If we had declared the potential of MOU-1, we would initially be happy. The share price would have gone up. We would be very happy as our share price was showing us a profit.

We would then of been on everyone radar.

The next well was MOU-2. The mud seal issue would of exposed us. The share priced collapsed and we would have been open to being taken over.

Paul did the right thing.

Old and not slow65.

Excellent reply !

Many years ago we drilled MOU-1.

We did not test this well. Instead we carried on with drilling additional wells.

With each new well we again, did not go down the testing route.

The data from wells indicates that there is potentially, a massive amounts of gas available.

Only now and many years later are we doing real testing.

The share price reflects an asset that has not been proven.

I don't think PG is a fool and I'm hoping there was a reason for not showing our hand early. A hostile takeover was always possible.

If we can prove that we have a commercial amount of gas to sell then the share price will quickly reflect this and re-rate overnight.

As pointed out by many posters we are reaching a point of time where we need to start doing deals. To do this we need a strong hand. This was not the case when we only had MOU-1.

It has been a long hold on this share but I am very optimistic that our time for a reward is near.

Usual DYOR etc....

It's now kind of impossible to predict the new time scale, other than sometimes soon. I don't think the comment that they will inform us before moving on to the next well is relevant any more.

It's taken a long time to get the sand-jet team and their material on site. Unless there is a very good corporate reason, then they must continue to finish the funded testing.

What exactly will Zenith be doing?

I'm sure they will be analysing all the data. Will they then be guiding the sand- jets testing team to revisit additional zones or look at any zones not tested? Plus looking at how best to test the other wells from initial data gathered. MOU-5 will also be a big part of the discussion. This will be vital to PG's negotiation.

Another thought is: are they here to look at this from a more corporate and legal viewpoint, and advise accordingly, or maybe both?

Correct me if I'm wrong but they would need to move their equipment to the next test site. I don't know if it's practical to continue testing the next well while the new team are carrying out their own analysis?

As previously stated by other posters it could be a final attempt to find gas or more likely how to put this asset into a position where it meets the requirements for commercialisation.

We are in the dark as to how much gas they had found and how the various wells are connected.

I would appreciate feed back on what is Zenith's roll.

The market has got over Lonny leaving but does not add any value to the potential. Though it was noted that there have been regular large buys.

It does look promising but I remain cautious.

One of our more knowledgeable posted said a few years ago that very few will have the courage and conviction to hold to the end. I think a large percentage on here have stayed strong. Good luck to you all

Aberdeen’s Zenith Energy wins ‘world-class’ well support deal with Predator in Morocco.

I like that opening statement!

There are countless clues out there......

Funding in place......

I'm in........

I have just read to great amusement that one of our residents trolls admitted that he sold half his holding in Predator yesterday at the lowest price this share has been in months.

A big loss then on your trading strategy.

He then says he brought back into this other share at an incredible low entry point.

He did not mention the fact that he has been holding that share prior a massive drop and along with all the shareholders he suffered massive loss.

Selective posting and an need to sound important. It's pathetic.

Just want to say.

I can understand if you're paid to de-ramp.

What is very unhinged is the posters that constantly run down a share that they are not invested in and even worse, if they are actually invested in that share, why feel the need to constantly focus on negativity? I understand balanced views. But your views are never balanced.

There is always a total lack of research based comments. Just cowardly insults.

As well as running the share down they are constantly trying to engage in conversation with personal attacks and snide digs. They are needy people with sad lives. Their lives are full of bitterness and hatred of people who have done better than them.

They claim to have a great understanding of share trading, but as shown over at other share, they are as vulnerable as everyone.

One of the secondary rewards, if Predator do well, will be, to not have to come on here any more. I filter the special ones but still have to read the words posters write in response to their garbage.

I will enjoy my reward if it comes.

The cretins however, will still need their egotistical life to be validated so will find other BB to show everyone how wonderful they are.

Apologies for the rant.

Today's RNS was massive and we are very near to an understanding of what we have. This is just the start of the process. It is not nailed on yet but I am certainly going to see this one though.

Good fortune to all that have stayed the course.

Lonny's departure is not good news and the timing is terrible. The share price will reflect the concerns as to why he has left.

If, it is through ill health or family issues, then I wish him well.

I think that it's more likely that he has fallen out with Paul.

The big question is why?

Poor test results would NOT be a reason to sack him. But it could of instagated the tension that resulted in a fall out.

I agree with another poster that if we did have poor results we would of bundled in his departure with the testing results.

The funding is still there and the testing programme continues.

An alarm bell is ringing and we are all trying to read between the lines. Will the market overreact? For sure it will.

What is desperately needed is clarification. But will we get it ?

Saying, "successful drilling program" is not the same as "successful testing programme". This has not been established yet.

It should be noted, (this is very important in our understanding of today's news) is that Lonny is not in charge of our testing program. His experience is in drilling wells. So sacking him should have nothing to do with the testing.

The RNS does not say anything about how the testing is going. So my conclusion is that Lonny's departure has nothing to do with the testing programme.

This is very much my own personal thoughts and will hold and wait for additional news.

A big part of running a company is PR and todays news does nothing to install confidence.

I still think this share will give a return.....

Good news would certainly send this higher.......

I'm getting tempted. It's a very good entry price. but I think I will wait a bit longer......

I am not of the opinion that this share is dead.

Over and out........

The Bold:

Are you okay? I've just read your last post on my unfiltered page.

I can understand your frustration and losing money on char is not nice for you or any investors.

I think your super ego had been dented and you are looking for someone to blame.

Predator and Char are simply companies trading on the stock market.

You know nothing about me or about anyone's personal situations. Yet you have the audacity to wish financial failures on Predator investors.

I am living on a pension and to wish people on here such misfortune is extremely offensive.

I wish you and every investor success.

To do otherwise is not correct.