Member Info for middleEastMoney

Upthemost - respectful suggestion, please re read your messages BEFORE posting!!

Then you will save us all reading niff naff and trivia.

Thank you

Not sure about anyone else but I think we have all waited long enough to expect a detailed update re MOU -2

A substantial Operational update, plans, details and reassurance re Timelines, something unambiguous!

MEM

I expect some may sell, especially after such a spectacular run up, but this affords an excellent buying opportunity to new SH.

That M/Cap would be achieved at approx 35 times current SP (current no of shares in issue) which equates to approx £8.75 SP

Under the current BOD this is one to buy, hold and monitor, taking up any placing shares as we raise cash as required on the journey.

GLA DYOR.

Not sure about delayed reported sells, but there appears to be a 402,000 buy

Thanks Trek

Morning Trek, do you think we might revisit the years high of 59p by end of this year ? everything is aligning nicely

Good day BRV, FYI if you or anybody else is interested in transposing an audio file in to script, please look at otter.ai

When I lecture, all my students use this very clever software to record my words, the app is basically a voice recognition app, but does so much more, please have a look.

Switch on the app, play the presentation and text will magically appear

I have no financial or other involvement

Enjoy

MEM

Welloilbe- simple answer, the investor wanted more shares than PG was prepared to sell, but settled on the warrants as a means of placating the investor.

Smart, win win.

If this unlocks, and allows everything to progress, people will look back and agree it was the only way forward and with hindsight a decent and balanced deal.

6 months should give us clarity on all 3 projects.

MEM

Unwin keep the faith

BRING LONNY BACK IN THAT CASE

Pare, not sure why you are classing me and Bold in the same category/message!!!!!

I am now switching off until the next RNS

Old slow, or my repeated prognosis we will find 19Tcf and so it’s slowly proving to look more likely😎

However we cannot hide from the facts as published in an RNS, nor the fact that PG misses most deadlines, nor the fact we have absolutely zero news of MOU5 spud date….

Yes I will say it again 19 Tcf

The destination is assured, the journey is tortuous

We need to keep an eye on the next deadline re MOU-5

Previous RNS in Sept 24

The new location is also located in an area just east of the Moulouya River floodplain belonging to the public hydraulic domain of Oued Moulouya, Saka District, Guercif Province. A licence valid until 6 APRIL 2025 has subsequently been granted to the Company to temporarily occupy the site for MOU-5 well operations.

An updated Independent Technical Report by Scorpion Geoscience Limited for the Jurassic MOU-5 structure gives net P50 upside Prospective Resources for gas of 5.916 TCF to the Company, with a conservative risking of 12% versus the Company's internal upside Chance of Success of 50%.

The MOU-5 drilling objectives remain as announced on 6 June 2024.

Operational planning has now re-commenced, with the regulatory process concluded, to complete the MOU-5 drilling programme this year at the earliest opportunity.

MOU-5 and MOU-4 well rigless testing to evaluate helium presence potential

Background to helium potential - MOU-3 gas sample

The gas sample analysed at 1395 metres MD KB in the Moulouya Fan in MOU-3, unlike any other shallower gas sample collected whilst drilling, showed evidence for the presence of helium. MOU-3 was drilled closed to significant faults extending down into basement rocks.

The Company will be undertaking a more detailed independent review of the potential for helium over the coming months, which will incorporate results from the MOU-4 rigless testing programme. Multispectral satellite spectroscopy analysis will also be undertaken over the Guercif licence area.

Based on the available data, the Company has decided to include a test for helium in the MOU-4 rigless testing programme and for a potential testing programme for MOU-5 if the well results are positive for gas. Testing operations will be coordinated to take place immediately after drilling of the MOU-5 well, before the rig is demobilised to another location, in order to make cost-effective use of an on-site pressure-volume-temperature ("PVT"") laboratory to provide more accurate screening for the presence of potential helium gas.

Paul Griffiths, Executive Chairman of Predator, commented:

"Whilst MOU-5 is focussed on finding potential gas resources of a sufficient size to service the gas-to-power market in Morocco, the evaluation of the potential for helium presence would be an added value to the area development. Recent helium discoveries and newsflow is leading to a better understanding of how and where helium deposits might be generated. It is likely that this has been over-looked in the past where the focus has been on developing hydrocarbon potential in areas which potentially are also helium domains. We are cautious but excited regarding the potential for helium in Guercif. The Moulouya Fan and the carbonate reservoirs that may be encountered in MOU-5 have the ability to hold large volumes of gas and have effective seals."

For further informat

AV.

I was thanking GB, it’s called good manners, please look it up.

As my post stated, I must educate myself, it also stated DYOR/DD

Whatever your agenda is, it’s very early for you to start work promoting your unpleasantness.

Have you ever considered being pleasant to another human, or is that beyond your comprehension?

Just leave the BB to those actual interested parties who are trying to make a little money from their hard work and graft.

MEM

Hi GoldBlend,

The best, most informative, and illuminating post of the last 3 days.

I must educate myself on this technology going forward.

Thanks GB.

DYOR/DD

MEM

Some posters have written there is no gas, wasted lots of time and money, the end of the world is nye and yet….. we have had no RNS to backup this BB rhetoric.

PG gave an arranged briefing via VOX, some people claim he looked nervous/shifty

Why has PG not stated no gas found ? in a comprehensive RNS ?

The BB currently has the ‘tail wagging the dog mentality’.

Why has the negative, often barking mad rhetoric increased so much ?

I suspect PG might have fallen out with Lonny over methods/procedures to employ to get the gas to flow.

History will repeat itself, PG/Zenith will find a work around, MOU-5 will get drilled, however I suspect if we want to maximize our sale price we might need MOU-6 & 7, plus testing.

All this talk of doom and gloom is rubbish, look at the company in the ‘round’ T&T and IRL as additional assets.

The smart money will/should be buying whilst the price is a little deflated.

As always DYOR/DD

MEM

DaP, it is only my opinion that a Raise is possible if anymore delays are expected or delayed.

You must make your own judgement call

1. I think there is zero doubt there are huge volumes of gas lying beneath our license.

2. Yes there is clearly further work ahead, testing, swabbing, acidization etc perhaps a side track drill.

3. Any lengthy delays will probably mean a small raise

4. Any raise should be lessened by any income from T&T (we are right on the cusp of $70 and T&T Petroleum tax levy)

5. Getting gas/oil in to production is never easy, it’s 2 steps forward, 1 step back.

6. Do I think there have been mistakes along the way, yes PG has admitted this. PG & Lonny have almost certainly had a falling out, but Zenith are now in place, with worldwide experience, which should calm the market.

7. Everyone inc institutions want to make money NOW, and find the next big thing, hence short term selling (but plenty of buying as well please note)

8. The timelines have changed, but the end game is exactly the same, added levels of procedure to apply, but AGaz appear interested in MOU-5

9. On the cusp of pumping our maiden oil in T&T = INCOME

10. IRL news will come in the next 3-6 months, maybe earlier

11. I am using any softness in the SP to continue to add.

DYOR/DD and you decide on the facts presented in RNS and PG interviews.

GLA

MEM

Depending on what figures PG was using for his forecast of Income generation, works out at 45 bpd up to 430 bpd.

Income no matter how small can only help