Member Info for Madman-Rob

Not sure if the link works. But a bit of light hearted entertainment about our resident Pigeon.

https://rumble.com/v2r1oke-1960s-animated-bold-detergent-ad.html

The pigeon:

It is difficult to get a man to understand something when his salary depends upon his not understanding it.

Upton Sinclair

I guess the Pigeon is out today.

Commenting, on each new thread, with his superior egotistical FUD.

Not interested in documented RNS's

Ignore..

All this talk regarding the rig does has a limited interest to me. But the bottom line is:

We will drill MOU-5 and we will carry out the sand-jet testing stipulated in the RNS.

The RNS says it is funded.

People/ Market/ traders can do what they want, as can the share price.

It is purely a waiting game and I'm relaxed enough to wait. It will happen.

It's all down to the testing results and the data found when we analyse MOU-5.

A second rig plus an expansion of drilling/testing would be for a later date and totally dependent on initial commercialisation of the asset.

With a commercial gas flow this company will have no problems with moving ahead with the development in Morocco or reaching an end game. Maybe a staging of various deals to achieve a sell on.

We have reach the point in time where it's going to be made clear what gas is in this sands. It may take additional funding to reach the desired goals. At the moment that's a risk we have to take, as with with any company.

So, why did I invest and why do I hold?

My personal view is based on the research and data.

It is backed up by some very knowledgeable posters.

None of the trolls have given any indication that disproved the data.

Spreading fear and doubt is what they do well. Giving an analytics breakdown on the research they find impossible to do.

So it's down to the testing to prove, one way or another, what is there.

Have a great day !

A reminder of the excellent post from 'HawaytheRRE'.

Ignoring is the best option.

"Never play chess with a pigeon. No matter how well you play they will just sh t all over the board and strut about like they won."

Boff, how did it go at the AGM?

I bet PH did not enjoy you actually telling him how you feel face to face.

It would be interesting to hear his comments regarding him running another company while being paid by bloe.

Did he give any indication on the other projects ?

If he can get the timing right plus actual do a deal, then things could improve dramatically.

Morning !

I made a mistake of logging in on an unfiltered version.

Nige, I filtered you years ago as every post you write is full of your self importance, some interesting points but, as with every post you write it is combined with negativity and written to spread fear.

Fund raise mentioned. Haha.

Give it a break.

Then I will re-add mine 😂

I filtered him a long time ago.

It's just, " look at how intelligent I am" narcissist talk, designed to start arguments.

To win against it you simply ignore.

The share price is what it is because, to date, we have proved up nothing.

We have, for various reasons, missed almost every date promised.

MOU-1 was drilled a long time ago and to date, still not tested.

The research is good but as yet there is no documented evidence of commercial gas.

Investors that believe, this is an good risk/reward, have already brought in.

I purchased years ago and have held firm, other that some top slicing around the 16/20p value. I then reinvested at 12p. I believe this share is worth the wait. Current average is just below 10p. If this does well then I'll be very well rewarded. Always risks but that's life !

Trolls have tried hard to lower the price but the research means LTH are not selling.

One way or another we are now at the critical point.

We all know the risks

We all also know the potential.

Good fortune to you all !

It's been a long and patience wait in Ireland. I personally thought it was dead at some point but PG is a tough little fighter. Ryan has always been the problem. His desire to put commen sense before reality is hopefully, going to come back and bite him.

Ireland is an excellent extra to have in our portfolio.

Over the next year Trinidad will also start to look promising.

On Morocco we are more advanced and fingers are firmly crossed for a commercial return soon.

We only need a small amount of gas to unlock the financial door.

This will also add shareholder value.

Good fortune peeps !

Can Block Energy improve the returns from their existing wells?

Natural decline will take over.

Bloe had a debt that has to be paid back or renegotiated in August.

They are currently cash positive. That is a big plus.it gives them breathing space to move forward.

However, there is now a ticking clock running.

Without any addition project they will run out of money at some point in time. Time scale unknown but probably, at least a year away. So, all good financially for now.

My personal view is that they needed a minimum of 6 months, of which 3 months have past, to have any chance of negotiating a deal. In all likelihood it will take longer.

Management are certainly aware of all this and at the moment their hand is strong.

There are two views:

1. The "Boff" view: they will run the business to the ground extracting fees along the way until they are bankrupt and PH should go.

2, They are engaging in negotiations to bring home a far bigger prize that will finally give the lth a return. They have stated their intention to enhance the company.

They also have the option to carry out another phase 1 well to potentially bring in revenues. That would depend of the cash situation.

I am still watching this share closely and will not dismiss buying back in.

I am optimistic about the sand-jet testing. I welcome views, both positive and negative as long as it is based on research and it's realistic. A blatant ramp or de-ramp does not help with my understanding of the risk/reward.

On these BB there are a percentage of posters that just like to wind people up. When challenged they say " people don't like alternative views", this is partly true but the main reason is the perpetrator of the posts appear to be trying very hard to put over some kind of negative agenda. What is noted is that they will never write a post that is either balanced or one of optimistic views. Every single post will have a negative and often disrespectful comment that will result in fooding this BB with an endless stream of negativity.

Unfortunately others reply with equally argumentive and often disrespectful reply. This normally ends in a spat of boring and uninteresting dialog.

I am also confident about the future performance of predator. I welcome balance interpretation that are relevant.

Not long now my fellow Predators !

To the poster who replied with an in depth response to my post.

Did you wait all day and constantly look for a post to troll?

It's all down to the test results.

You write sarcastic comments.

That is your right but OMG get a life.

How about actually giving your expert view based on the available research as to the likely outcome of the testing program.

A balanced view, full of your knowledge please.

Good to see a few big trades going through.

It feels like the wait has been eternal.

There is very little for us to comment on. It's now down to how commercial the project is. Plus the data accumulated with MOU-5.

Happy to see figure and values based on the latest research for all, or individual wells. It will be good to be reminded of the potential prize.

Testing should have started and the new well is not that far away. I am not sure at what stage predator will notify us with the test results. One well or wait until it's all tested ?

MOU-5 would have an RNS.

Trinidad moves forward and who knows what Ireland will bring.

Meanwhile we have a bit of euro football to take our minds off things!

"It's coming home", maybe not in a football sense but I think this could be our time to be rewarded.

Initial well MOU-3 to target gross perforating interval of 104 metres.

If we can achieve a commercial amount of gas, from one well, then the sky's the limit, as to how much this asset is worth.

Predator says:

This is a higher risk perforating target as the potential stratigraphic trapping mechanism defined by stronger seismic amplitudes supported by recent seismic inversion modelling has yet to be validated by a successful gas flow test in MOU-3.

Subject to a successful commercial gas flow rate and confirmation of connected volumes this lower sequence may potentially support future scaling up of the CNG gas profile to 50 million cf/day facilitated by the Collaboration Agreement with Afriquia Gaz.

Interval objectives for MOU-3

· TGB-6 and Ma Sand ("middle sequence") will be perforated over a gross interval of 80 metres with initially 13 perforating points.

· Estimates of potential gas resources for this interval are as previously defined in the Independent Technical Report ("ITR") dated 24 January 2024 by Scorpion Geoscience Limited.

· Subject to successful gas flow at commercial gas flow rates and confirmation of connected volumes, the middle sequence may potentially support a CNG gas profile of between 10 to 20 million cf/day.

· TGB-4 ("lower sequence") will be perforated first over a gross interval of 24 metres with 4 perforating points.

· Estimates of potential gas resources for this interval were previously defined in the SLR Consulting Limited Competent Persons Report dated March 2019 and have not changed.

There are always risks attached but the prize is massive. With a successful test results from MOU-3, all financial door will be open and deals will be made.

MOU-3 is the first step and on it's own it may not be enough but it will certainly give us an indication of what we have in Morocco.

Enjoy your Sunday!

Jimmy, reference your comment:

With regard to the 7tcf of gas for the biogenic source rocks, please do not equate that with gas reserves in the Miocene which is a fraction of that amount.

Are you saying the just this rock type is only worth a fraction of the quoted figure of 7 tcf or that the whole of predators asset is only worth a fraction of the quoted price?

If so what do you consider the likely return to be based on research ?

Fraction indicates almost nothing!

So is your view that Predator will get only fraction of gas ?

Regards.

Interesting post MEM, good work.

I see you got 3 replies from the filter crew......

They are all blocked by me.

I can imagine the analytical content written, to be full of totally balanced replies based on facts and interpretation of available research. They will then go on to highlight the positives and explain why they purchased shares in the first place then summarising by saying how much this share will be worth if we can achieve commercial results. 😆😆😆😆.

No ?

I thought as much 😄

The testing program is going to be massive in generating the future wealth of Predators! Very little gas is needed to enter a commercial stage of development and move the negotiating stage to one of massive strength.

Confirmation of the commencing of the testing has been officially given.

Confirmation that MOU-5 is very much on.

MOU-5:

Potential development scenarios are being considered in the event of a successful outcome to drilling.

The MOU-5 pre-drill well location is located only 2.3 kilometres from a valve station on the Maghreb Gas Pipeline ("MGPL") to Europe.

A fixed pipeline development option is likely to be an attractive investment proposition if MOU-5 encounters material gas volumes and is subsequently tested at commercial flow rates.

For the purposes of verifying the costs to construct a tie-in pipeline from the MOU-5 well location to the MGPL, the Company is planning a desk-top and site study based on pipeline capacities of 100, 300 and 500 million cf/day.

100, 300 and 500 Millon CF/day, wow that is some potential.

This share is moving along now, with it's

Moroccan asset and certainly, in my humble opinion, a good time to invest.

The bottom line is: Are we able to find a commercial amount of gas? That's the main question. My view is that the research suggests yes. This then unlocked the requirements to sell or raise money to enhance the business, or any other deal management thinks suitable.

One way or another, we will know soon.

It's funded as well 🦖🦕🦖🦕🦖🦕🦕

Another filter.

And note, not a single comment about the RNS.

Written like a true troll.

Good morning Gudin.

I have taken notice of today's news and it's an excellent RNS.

I note with interest that rather than comment on today's RNS you try your pathetic attempt to fill this BB with personal spats.

MOU-5 will be drilled. That is what is important.

The testing program program is now underway.