Member Info for Madman-Rob

Without trying to get too carried away, if we can’t prove up anything or get a deal of some kind then these figure are just hype. But fun to see what the potential could be and a great balance to the daily doom and gloom portrayed by the multi-account trolls. It’s certainly worth hanging around to see what materialises in the coming months.

However if we could find a 0.1 TCF this is how long it would last .

• At 60 MMCFD: about 1,667 days, about 4.6 years

• At 20 MMCFD (top end of company test guidance): about 5,000 days, about 13.7 years

• At 10 MMCFD (low end of company test guidance): about 10,000 days, about 27.4 years

Food for thought!

I noticed that porter did not respond to any of my Ai posts giving reasons why everything and everyone is doomed.

I would welcome a reply, that has a coherent reply stating his own opinions about why everything I've posted today is not going to happen. My posts are assumptions but they are highly probable ones.

Mou-3 may well not produce. However should it flow this is an Ai projection on a possible revenue. These figure are what are publicly available and do not include the new ITR. What it does show is the value in our Morocco asset. The numbers for just the upper sands are staggering . Just one area in one well ! I’d appreciate any feedback as to how accurate they are as the numbers are staggering.

MOROCCO MOU-3 PROJECT - BASED ON LAST PUBLIC ITR (26 JAN 2024)

Building blocks

• Licence: Guercif, onshore Morocco, Predator 75% and operator

• Structure: Moulouya, mapped at 13.9 sq km

• Sands currently being tested: shallow overpressured 'A' Sand, plus Ma Sand and TGB-2 Sand

• Well status: MOU-3 drilled to 778.5m TVD, 9 5/8 inch casing set to de-risk deeper targets

• Gas quality from testing: 99.57% methane, confirmed suitable for CNG

• ITR resource base: 109.28 BCF P50 and 234.42 BCF P10 unrisked Contingent gas net to Predator

• ITR economics: CNG development at US$12 per mcf, NPV about US$108 million, IRR 138%

What the testing programme is

• Rigless intervention using Sandjet and conventional perforating guns to get past formation damage from over-balanced drilling

• Phase 1 used larger guns to perforate the 'A' Sand and confirm penetration of about 8 inches of damage

• Phase 2 aims to perforate up to three separate intervals in MOU-3, acquire pressure data, and establish sustainable flow rates

• Company guidance for the Moulouya structure test: potential 10 to 20 million cubic feet per day if sands clean up.

WHAT THAT IS WORTH PER MONTH AND PER YEAR

All figures use the ITR price assumption of US$12 per mcf and are gross sales at the wellhead, before royalty, opex, capex and tax. Net to Predator is shown at 75% licence interest.

At 10 million cubic feet per day (low end of test target)

• Gross per day: $120,000

• Gross per month (30 days): $3,600,000

• Gross per year (365 days): $43,800,000

• Net to Predator 75% per day: $90,000

• Net to Predator per month: $2,700,000

• Net to Predator per year: $32,850,000

At 20 million cubic feet per day (high end of test target)

• Gross per day: $240,000

• Gross per month (30 days): $7,200,000

• Gross per year (365 days): $87,600,000

• Net to Predator 75% per day: $180,000

• Net to Predator per month: $5,400,000

• Net to Predator per year: $65,700,000

Lifetime resource context from the ITR

• P50 109.28 BCF at $12 per mcf equals about $1.31 billion gross lifetime sales

• Net to Predator 75% equals about $983 million gross, before all costs

• The published NPV of about $108 million is the after-capex, after-opex, discounted value of that resource, not the gross sales number above.

This is why I’m invested. The sands hold a massive reward.

It’s the drilling issues that have held back the development and profit.

The Ai figures give you a general idea of the potential of a successful Mou-6.

Ai generated and not investment advice.

This is just for Snowcap-3 at a settled rate of 500 bopd. It will produce higher to start with then settle down.

Add that to the NABI work overs and additional Predator drilling and you start to understand the value of Trinidad.

SNOWCAP-3 PROFIT AT 500 BOPD - USING PUBLIC FILINGS

Building blocks

• Snowcap is 100% Predator in Cory Moruga licence

• ITR 5 March 2026: 2P resources 8.73 million barrels, economics modelled at US$60 per barrel

• Company guidance: netback about US$32.6 per barrel at US$60 oil

• Implied cash costs (royalty, opex, transport) about US$27.4 per barrel

• Trinidad PPT is 50% standard, Predator states legacy tax losses cut this to an effective 12.5%

• February 2026 Trinidad sales averaged US$60.213 per barrel

• 500 bopd equals 182,500 barrels per year

Yearly profit sensitivity

LOW CASE: US$60 oil (ITR base)

Netback per barrel: $32.6

Pre tax cash flow: $5.95 million per year

After tax with losses at 12.5%: $5.21 million per year

After tax without losses at 50%: $2.97 million per year

MID CASE: US$75 oil (about 25% above Feb price)

Netback per barrel: $47.6

Pre tax cash flow: $8.69 million per year

After tax with losses at 12.5%: $7.60 million per year

After tax without losses at 50%: $4.34 million per year

HIGH CASE: US$90 oil

Netback per barrel: $62.6

Pre tax cash flow: $11.42 million per year

After tax with losses at 12.5%: $10.00 million per year

After tax without losses at 50%: $5.71 million per year

STRESS CASE: US$100 oil

Netback per barrel: $72.6

Pre tax cash flow: $13.25 million per year

After tax with losses at 12.5%: $11.59 million per year

After tax without losses at 50%: $6.62 million per year

In sterling at about $1.27 per pound, the mid case with tax losses is roughly £6.0 million per year.

Value of the tax shield at 500 bopd

• At US$75 oil: about $3.26 million per year saved versus full 50% tax

• At US$60 oil: about $2.23 million per year saved

Resource context

• Full 2P 8.73 million barrels x $32.6 netback equals $284.6 million pre tax margin at US$60

• After 12.5% tax equals about $249 million lifetime net cash before development capex and discounting

• 500 bopd would take about 48 years to produce 8.73 million barrels, so the ITR clearly assumes a higher initial rate

• Snowcap-1 previously flowed up to 1,450 bopd from just 6 feet of pay in a 600 foot reservoir, which is why the appraisal was funded

Takeaway

At 500 bopd, public numbers imply roughly $5.2 million to $10.0 million per year after tax with the loss shield in place for oil between $60 and $90. Without the shield the range falls to $3.0 million to $5.7 million. Snowcap is outside the NABI royalty structure, so this cash would be 100% to Predator.

Ai generated and not investor advice.

Why this year is set up differently?

Trinidad is no longer a cost centre. Since the Challenger deal closed on 29 August 2025, Predator receives 30% of gross current production revenues after royalties and taxes, and 15% of enhanced production until NABI recovers workover costs, with no exposure to field opex. NABI is contracted to run up to 13 heavy workovers over 12-24 months targeting a 40% lift from a 285 bopd baseline. February sales were already US$337,071 from 9,008 barrels, and management guided March pricing 25-35% higher.

Morocco has a defined next regulatory step. The Company has repeatedly stated the MOU-1/MOU-3 structure "is currently defined as having the best potential for an application for an Exploitation Concession in 2026." That application sits on top of the 2024 ITR which gave 109.28 BCF P50 and 234.42 BCF P10 Contingent gas, with a CNG case showing roughly US$108-128 million NPV and 138% IRR at US$12/mcf.

The financing work is already described as active. RNS language says the Company is "in discussion with several parties regarding the financing of the CNG development" and is pursuing "selling its share of gas at the well head." The recent £4.5 million placing at 3.5p was earmarked to advance both Trinidad drilling and Moroccan monetisation, not to fund a Moroccan well directly.

What an "end game" could look like in 2026

1. Commercial sanction, not a sale. MOU-3 rigless test results lead to a signed offtake and a third-party carry of CNG capex. Predator keeps its 75% licence, starts receiving wellhead gas payments, and files the exploitation concession. That would be an end to the exploration phase, not an exit.

2. Partial monetisation. The same offtake process includes a farm-down of, say, 20-30% of Guercif to the CNG funder. The 2019 precedent for this mindset was Ireland, where Griffiths noted "potential value to a strategic buyer," but Morocco has never been framed that way in an RNS.

3. Trinidad-led re-rating. Snowcap-3 is guided for early 2026 drilling. The March 2026 ITR confirms 8.73 million barrels 2P and the Company has quoted a netback of about US$32.6 per barrel. A successful SC-3 that can be put on production quickly would shift Trinidad from a royalty to a development story, and that alone has historically driven small-cap re-ratings.

What would need to line up this year

• MOU-3 flow rates published and accepted by an offtaker, which the Company says is the trigger to "maximize gas flow rates for commercial negotiations"

• A financing term sheet that leaves Predator unfunded for the well, consistent with Griffiths' "will not currently be funded by the Company" line

• Snowcap-3 spud and initial results before year-end, plus visible progress on the NABI workover programme to sustain Trinidad cash flow

If those three land, you would have a funded Moroccan development path and a second producing asset in Trinidad, which is the closest Predator has come to a strategic inflection since listing.

Churn is over. It will be interesting to see where this goes, from here, without any news!

With news:

Infinity and beyond!

Have a great weekend everyone!

I think I did not convey my thoughts very well.

I ment that an established, flowing well, connected to the gas pipeline would get a better (top price) return. Than one that has not been commercialised. Maybe I'm wrong with my assumption but the exciting thing is that, what ever the deal is, we should be well rewarded for our patients.

I think that the churn is possible over!

We are unlikely to get the high price in Morocco without proving up the gas.

However the low price plus royalties is very possible. A lot will depend on the ITR. The current oil crisis is in our favour.

I don't know how it works as a general deal as we still have Trinidad and Ireland as assets.

I'd be interested in anyone's views of the end game.

What I do know is that any deal will be hight than today's price.

I think that you could be right Rambo23!

I really believe something big is about to happen.

He has to announce some kind of deal for the Mou-6 drill.

Predator can't just go quiet for a few months.

Certainly a good time to hold.

But of course DYOR.

New has to come and soon!

We are at a stage where there is little more to do than wait.

In Ireland, our Mag Mell venture will end in litigation or granting our licence.

Predator will not concede. Even more so if it's a, no win no pay, legal challenge.

The oil crisis had changed that urgency.

In Trinidad we look forward to the next oil production figures that should be issued later this month.

They will show a general increase in profit.

We should also be updated on NABI's program of work-overs. Each day brings us nearer to the funded Snowcap-3 drill.

In Morocco we are all fully aware of the potential.

The ITR has been made available for a while now too, whoever PG is in talks with.

Over six months have passed since talks began.

We know the approximate drill date for Mou-6.

We also know that there is as yet, no confirmation of how we are going to fund the drill.

The risk is through a placement. However my personal view is that another fund raise is unlikely to happen.

Mou-6 could also be put on hold and funded by Trinidad but again I think that is unlikely.

That leaves the final option of funding through some kind of deal. Any deal will totally re-rate this share.

One way or another, news will have to happen soon, on the spud date.

The trolls will try to spin everything as a negative.

The negative was with the original drilling technique and the various fund raises.

That was part of the normal progress of an oil and gas exploration company.

However, the data obtained has advanced our overall knowledge of the Moroccan sands and how best to drill.

The available logs and ITR have now been annalise.

We have an experience drilling team, using all the available modern day technology.

We now move into an exciting phase and possible end game.

It's not rocket science. The gas is there.

Remember Paul's words:

‘ That well will not currently be funded by the Company. And that’s all I will say. Um we are very very pleased with what’s going on in Morocco and how we’re progressing there. Contrary to what others may perceive we are the ones at the mine head or wellhead if you like and we know the progress we’ve made and we know that this is the most exciting project that we’ve had and continue to have for the Company and it will deliver uh perhaps sooner than some people would like to expect.’

A clock is ticking and events have to begin.....

As for the trolls with their multiple accounts.....

We see through you!

It may, or may not, still being held back to under the 3.5p placement price. But news will change that.

This is a bonus as it's ISA time!

I think it's warm enough to sunbathe today.

In my two minutes walk to the beach I'll contemplate the meaning of life and Predator!

And......

We see through you!

And, like clockwork they start switching accounts.

I fully expected the "James accounts" will come on line soon.

I will not read the replies as I all ready know the content:

Click-bait and deflections.

Concentrating on the past.

Attacking posters as Rampers.

Totally lacking in where we are now.

No explanation or any examining in detail why they think the future is so dark.

Posting a one sided version of events

Writing insults so my post is removed.

To sume up they will continue to post a collection of negative posts from the various accounts these servants hold.

We see through you bold, tit, porter, ani, and Jimmies.

Your master's will not like my post as it is too near to the truth.

I expect a massive re-rate. If not, that's my worry and it's part of my own personal investing. But as pointed out before Trinidad has underpinned my investment.

I've waited a long time and yes it's not been easy but now, looking at the availability research and clues I feel that the ducks are aligned.......

🦕🦕🦕

You are all rumbled my fake friends.

With your porter part of your multiple accounts, I note that every single one of your posts are entirely spend on running down posters including myself. They are also exclusively about one share. I'm sure you have other accounts for different shares.

You question every post, as is your right, but your manor of posting is childish and easy to see through.

You try to portray a superior knowledge and disagree with everything everyone writes, like somehow you are an expert. And yet, for someone who tries to sound intelligent and knowledgeable, you have never been unable to string together an analytical response to any posts, other that general rage bait.

Why is that ?

If you disagree with their research and conclusion, then produce your own. The reason is because your, so call skills, are one of deflection and insults. It does not suit your employer directive for you to do otherwise.

Questionable statement is all you ever write. Designed to seed doubts in a true, troll-like fashion, along with your anti, windy, bold, tit personalities...... The list goes on!

You are the sheep here, (along with the Jimmies). following a master's call.

For a so called shareholder it makes zero sense.

Unless.......

You understand that is is one of multiple accounts designed to serve your masters agenda. There are few of you that have been assigned the predator job. And when your not posting here it will be on other shares with other names.

Every single post is is one of FUD from all the various troll accounts and names.

Your master's are interested in Predator. They like what they see and use you as their servants to help with their agenda.

Big money is at stake here.

Your reply will be sarcastic and troll baiting.

What is won't be is an intelligent reply laying out all the reasons you think predator will fail with details of your research.

We see you for what you are......

Exciting times ahead !

Always do you own research.

I did and like where we are going! 🦕

I see the trolls keep switching accounts and now it's the Jimmy one's time to spread doubt.

It's hilarious!

So, a quick post before my siesta!

Would you buy and hold this share on one asset only?

1, Ireland

No, as the risk reward is not worth it. But added to the portfolio you have a possibility opinitunity to add value . The oil crisis is real and Ireland has a problem.

2, Trinidad

Definitely, as Predator have proved up this asset, turning a loss making venture into an extremely profitable one. This profit will increase with a successful SC-3 drill. Finance, tax concession and an ITR are in place.

You can quote different revenue figures till the cows come home, but the bottom line is that it has become a money earner. There is little doubt that, with increased productivity and oil prices, Trinidad will underpin and add share value. The expansion easily exceeds any reduction in the existing wells.

3, Morocco

I would personally hold for Morocco only. But it is a riskier venture as nothing is nailed on yet.

No funding currently soured for the next drill and the ITR has still not been made available.

There is a general expectation that a deal is in the making and has been going on for 6 months. We certainly have a large amount of gas on the sands.

There is an element of risks but the rewards are off the scale and life changing.

I have fully researched and understand the painful journey. But it is clear Predator's learning curve has taken it to a point where a reward is now achievable.

Morocco basically becomes a free hit. Your money will be covered by Trinidad. Still unproven but as stated about my investment should be covered.

Paul's last interview was extremely interesting with clues being made available.

My personal opinion and DYOR.

Looking good to me!

Happy Easter to you all from sunny Spain.

Enjoy this weekend with your family and friends.

Remember the important things in life, as the years pass quickly.

Great new and a general re-rate is near!

Thank you PG for your hard work and patience.

In Trinidad our operations with CEG were abruptly stopped for no real reason.

PG took his time and eventually took over Trinidad in its entirety.

His purchase price was minimal.

For CEG it was a loss making asset that they were glad to see the back of.

Both NABI and Predator were aware that these oil wells were running at a loss.

A deal was struck that involved NABI taking all the risks.

Predator took the option of taking a smaller cut 15/30%.

Absolutely no financial risk.

At the time, this loss making operation could of bankrupted Predator if it continued to fail.

Paul took the very wise decision to agree to the current deal and hats off to NABI for taking onboard all the risks.

Predator and NABI saw something that CEG could not.

Once the oil started to flow with the work overs, it quickly became clear that this venture was going to generate a substantial risk free profit.

Half a million is expected in the next reported month for Predator.

Predator then decided that they wanted a bigger slice of the revenue ( 100%).

They took the step of raising money to do their own drill at Snowcap-3 and commissioned an ITR.

They also continue to work as a team with NABI.

There's even a possibility of a 3rd drill being used.

Wow .......

What an asset.

And the Trolla are picking holes in the deal?

The stupidity of some still amazes me. It's like an illness.

Massive profits are being generated as we speak on just NABI.

Can't wait for Snowcap !

Haha, a reply from one of the Jimmy's!

It's very amusing how they work their different names.

I don't bother to read anything from my filtered list, as it will be one sided and of no value.

Part 2

Concussion:

With two drills coming up and negotiation in In Morocco at an advantage I would suggest that this is an excellent share to be holding

Good fortune!

Remember, guidin, tit and all the other persona's are almost certainly just two people. You have all the Jimmy's along with guidin, spud. Then you have the tit, anti, windy, bold, porter and on the list goes. New one continue to pop up on a weekly bases

No one in their right mind would spend years and go through countless fake names useless:

They are mental ill.

Modern day stalkers.

Have an agenda.

Or all three.

What they write is a collection of half truths designed to cast doubts, they sometimes write something relevant. However what you will notice is that they become, fixated on the negatives and NEVER write anything balanced or positive.

They like to flood this BB with dross and replies to their rubbish. This in turn distracts from the excellent articles, that gets pushed down the page.

The stock market is based on, buying, selling or holding. This then gives you your own personal risk/reward of any company you're interested in.

You based your research on the company's past, present and future. Without using these metrics you cannot possibly have a valid opinion.

In the real grown up world no one would continue to flood a BB with daily dross. Any intelligent person would take their losses and move on.

Past Negatives:

Multiple fund raises.

Failed drill attempts.

Loss of share value.

Loss of confidence.

Holding locked in with a loss.

Ireland delays.

Trinidad legal problems.

The inability to make sand jetting or conventional testing work.

Past Positives:

A take over of the Trinidad asset.

Staying solvent with no debt.

The deal regarding the taking over of the Trinidad asset.

The deal with NABI.

The success fund raise to go it alone with Snowcap-3.

The ITR report on Trinidad.

The profit making in Trinidad.

The negotiations going on in Morocco for the last six months.

The finding of helium.

The amount of gas available in the Mou-3 logs.

The understanding of the mud issues and sands

The hiring of relevant experts

Current negatives:

Stagnant share price.

Low share price.

Underwater with this investment.

Unsure about funding to finish MOU-6.

Lack of information about events in Morocco.

Lack of information about MOU-3.

The ITR has not been made available to the general public.

Current positives:

The issuing of the ITR on Morocco.

Paul's comments on the last interview.

The current oil spike.

The reality, in Ireland, regarding their Security of supply.

The expectation of a deal in Morocco.

The drilling of MOU-6.

The drilling of Snowcap-3.

The increased profit in Trinidad.

The changing view in Ireland.

The near ending of the placement churn.

There are other positives and negatives but this is a general stab of my Predator share and where we are.

As to the future:

Do your own research.

Listen to Paul's interview.

Read the RNS's

Continuing increased profits in Trinidad.

Massive news in Morocco.

An Ireland settlement.

With two drills coming up and negotiation in Moro

Thanks Paname. It this crazy world we all need to smile sometimes !

Oaf Lipsrol. Was the clue if you’re good at anagrams!