Member Info for Masterfly7

How long will PG continue @ £300k pa + consultancy fees for this? The switch to Helium potential + old T&T is nearly complete. Time for PG to retire.

MEM, re T&T 2739 bpd is close to what Trinity were producing. They were bought by Lease operators last year for £26m. This is the equivalent of 4p per share not 25p…..

It was clear some time ago there was an issue with the deeper zones in Mou3. Swabbing was a smoke screen, hiding behind the availability of swabbing units. It was at this time T&T took a more central position in communication.

Unfortunately PG hasn’t helped himself over the past few years. Really can’t see any new investors pi or otherwise jumping in to support the SP. LB rant may not be professional…but how professional has PG been over the past few years… smoke, mirrors, rants … tide has gone out and it’s not coming back in.

Pareto

£170k paid? $750k paid and more dilution on the way as $500k is in Predator stock valued at completion date…

$750,000 payable on completion - $250,000 in cash and $500,000 via the issuance of unrestricted Predator shares (the number of Predator shares to be issued to be determined based on the prevailing exchange rate and market price of Predator shares at the time of completion)

You seem fixated on Chariot - trying looking closer to home. Predator performance not looking much better.

Profit taking? How strange there are very few in profit!!!

No mention of MOU6

No mention of gas

Back to T&T. Not much to get excited about on the basis of that RNS. Same old same, 5 wells now….

Ibiza, how do you value T&T at £25m? Seriously…

Berenberg raises Hunting price target to 490 (480) pence - 'buy'

This is the problem with LSE. EBITDA just above top end of guidance, revenue a smidge off top of guidance, positive messaging…. Yet down it goes.

Might be Blackrock selling down further?

@ Mrnin

54m warrants from 5p to 8p

Results fully interpreted - don’t expect rapid news here..

No further announcements will be made until wireline logging has been successfully completed and the results have been fully interpreted following an independent petrophysical analysis.

Pareto,

Char down 81% over 6 months, PRD 58%. Nothing to crow about here. Both are shocking. Moroccan O&G hasn’t been the dream most hoped for…

News rich period ahead yet the share price is at a 4 year low. Is there a mismatch between expectations and reality?

No regard for shareholders. Would be very interesting to know the total number of share options and warrants exercisable by the time the SP hits 10p. Might not be any debt (perhaps because no one would lend to PRED) but there is a huge overhang here.

More rewards for delays and very hard to suggest interests are aligned on this one

Why are Challenger so keen to get rid of T&T assets?

CEG last interims:

Our initial view in assuming ownership of these assets was that we would be able to generate organic growth in production from the existing fields. However, despite efforts ranging from application of efficient mature oilfield management practices and field improvements to enhanced oil recovery (EOR) initiatives, production growth as we had hoped for did not materialise, given the age and condition of the fields.

Therefore, during 2023, we switched our operational approach in Trinidad and Tobago - instead of seeking production growth, our focus became to achieve consistent and stable production and drive cost savings, with a simple objective: achieve at least cash-flow breakeven performance from those assets considered "core" (consisting of the Goudron and Inniss-Trinity fields in south-east Trinidad and the Icacos field in south-west Trinidad), whilst at the same time divesting or exiting from all those assets considered "non-core"

Hasn’t helped the share price. 5 year low, anyone who has bought and not traded over the last 5 years is now underwater. Good progress PG.

Same for STB?

Petrofac order book was $6.6b in June 23.. many held firm for the turnaround. Not suggesting circumstances are exactly the same but cautionary tale.

I very much suspect both advisors sold the shares on payment day. Unsolicited ummm, not sure you should put too much weight on PG’s words at this stage.