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Good presentation, the running order was changed due to a large number of predators in the room, talking to one of the organisers early doors he seemed quite taken aback with the turn out.
PG came out all guns blazing, clearly not happy with the Sunday Roast crew.
Good to meet with Andy in the bar, who made the trip from Guernsey.
Listening to Lonny afterwards, which helped to provide more of an insight.
The potential, I'm expecting a few busy months.
Well done the satellite crowd, the civil's have been completed at MOU3, they obviously spotted a change in the landscape there.
The placing has shown we have a leak, not happy about that.
So it looks like the action starts in June, and we are going down the CNG route once testing is complete.
I wonder if the Sunday Roast chat and the poor reception it had has forced a re-think?
Its time for Predator to deliver some commercial gas now, proving there is gas there is one thing, the market now wants to see some flow rate numbers.
There is lots of potential here, needs to be realised.
Good Evening/Morning, depending on which hemisphere you reside in.
Today has been a strange day, whilst walking to the local shop earlier this evening I noticed a woman walking towards me covered in blood, she wreaked of alcohol and had cut herself, thankfully someone had already called an Ambulance and the woman has since been taken off to the hospital. Not relevant to an investor board but I just felt the need to share, still a bit shaken up.
Needless to say, all things PRD became irrelevant for a while.
However, as I have been invested here since 2020 and have been an avid reader of the board for some time now, this is my view on the company based on Sunday's interview.
I understand the frustrations of many who have posted here, yes the comms are poor and PG appears to have moved the goalposts regarding Morrocco.
But I would like to say If you invested in PRD at the current price and a special dividend was paid out between 20-30p or greater, then you would receive a return more significant than your initial investment and still own the shares you have purchased, which in turn may increase in value should one or both of the other assets rise in value, not a bad return.
Out of interest who on here will be in London on the 18th, I booked my place last week.
Good interview, interesting comments from the boys after the interview, if all three assets come in, there is some good money to be made, £200million for Morrocco is a share price of about mid 50p according to my *** packet calcs at the current market cap.
My take away from the interview;
Possibility of another well to be drilled in Morrocco after MOU-3, doesn't sound as though he will go back into MOU-2, if MOU-3 goes according to plan the 'for sale' sign will go up. I get the impression the plan all along was to prove this licence up and move on, he did mention this being the company strategy some time ago.
Trinidad is the next project, he sounds excited about this, the field being a 'virgin field', the only thing with Trinidad is that things take time, but there is a lot of oil in Trinidad. I will be having a good read about this field in the next few days.
Ireland, personally I feel nothing will happen in Ireland until after the next General Election and a change of government, Eammon is not in a position to start sanctioning drilling permits and a dash for gas, his party politics will not allow it. But with the right people in place in government there are some good opportunities there for Predator.
Quite an eventful week, 2 updates, the first causing a bit of panic amongst those with a nervous disposition.
A nice blue finish yesterday and the SP ends higher than last week.
Hopefully more news next week.
Interested to hear more about Trinidad, however, Morrocco is the focus at the moment.
Have a great weekend.
Think you could be right O&W, the Rns from PANR may have spooked a few, isn't one of our resident trolls supposed to be invested in PANR?
As for PRD.
I don't see much wrong with this morning's Rns, I think PG will always keep his cards close to his chest, we know this drill has huge potential, and I wonder if PG is worried that we will be snapped on the cheap before we realise our true value, as mentioned by PG previously.
Don't often say this, but I am looking forward to January.
On the subject of the Cory Morunga deal, apologies if this has already been posted, the purchase for this had been initially made by Columbus (CERP). The field development plans were never implemented by Columbus, more than likely due to a lack of funds.
https://www.lse.co.uk/rns/CERP/cory-moruga-block-snowcap-licence-extension-ulhazzrhktqzmgp.html
https://www.lse.co.uk/rns/CERP/completion-of-steeldrum-acquisition-nmmg2wsf0w8v169.html