Member Info for MrMarketMaker

Has price irrelevant zebra - Morocco is based on Brent

I look at this way ... Trinidad and Morocco are for free. They could both be bad results and we will still be much higher when we drill Ireland.

On the other hand if we prove the model at Trinidad and go for a full field development whilst attracting other partners / expanding our reach then we will be in the money and the market will have no choice but to take note . Cash generating / positive will be seen as a really good thing and will attract interest from a lot more investors.

I’ve posted what price we can expect from a Morocco discovery (taken from the cpr)

We have 2 free rolls of the dice before we even start announcing a farm in partner for Ireland.

Great position to be in - Paul has done a great job thinking about it. It’s all about the drills for all us long term investors and that includes the bod , so their interests really are aligned with ours.

We found out today that the CLNs was the only option available at the time and that’s put us in a really good position for potential growth!!

GLA

The bod recently bought over £300k at 3p.

They have vast experience and they are not stupid. They have huge skin in the game and you have to have faith in the team running the show.

I have faith and believe this company will do extremely well as time goes by. Our production figures are increasing and now we have 5 shiny new trucks that will bring in even more money - lots of news coming out way which will bring a lot of new investors to the table .

Sit back , relax and enjoy the ride .... it’s going to be exciting :)

ATB

Transformational Jorc rns will be released soon. Then watch what happens to the share price ....

This is target 1 of 30 (think about it)

Supply vs demand

GLA

Paul sounds very confident , he hasn’t sounded like that for a long time in other interviews.

The focus has turned to IRELAND, he can’t contain his excitement and I hear it in his voice.

I love the way he did “NEGOTIATIONS” and then corrected himself (lols).

Remember Paul always underplays things big time so for him to start changing his tune speaks volumes.

Corrib South dwarfs everything and was the reason why PRD was formed. Expect farm in partner announced by year end imho :)

I can visualise it all now :)

https://www.evaluateenergy.com/View/6367--co-coInfo/company/theseus_ltd

2 weeks roughly as in rns

Hello +1 :)

Farm in partner this year and drilling next year. If it was just Ireland then 30p - 40p spud with first production 2022 from
Local pipeline.

I don’t want to put a price on discovery because it will be in the £sssssss especially as first production would literally be just around the corner. No other company can produce any quicker than us and as we know Ireland needs gas and fast.

ATB

https://fora.ie/shell-corrib-gas-sale-3491763-Jul2017/

The best estimate prospective resource for Corrib South is 424.8 BCF and the high estimate is almost 1TCF.

Look at how much Corrib got sold for (link coming next)

From CPR figures

Rig rate confirmed
Co2 EOR production
Seismic Ram Head
Spud
New partner Trinidad co2 (new wells)
Acquisition?
Farm in partner Ireland x2
Barbados co2 EOR (another country)
Morocco result

Another discovery, Ram Head, was made in 1984 by Marathon with well 49/19-1. The discovery is now operated by Predator and the company has announced a potential appraisal programme on the discovery. The company is looking to re-enter 49/19-1 to test the discovered gas to understand the scope of a potential development. Predator state that a reservoir engineering study shows development potential of 10 wells with a recovery of 1 Tcf of gas over an 11-year period.

Field History of the Northwest Offshore Ireland Basin

The Northwest Offshore Ireland Basin is subdivided into the Slyne and Erris sub-basins. The Slyne sub-basin hosts the Corrib gas field. First discovered in 1996 by Enterprise Energy it is the largest gas discovery since Kinsale Head. The successful discovery proved the highly porous and permeable nature of the Triassic Sherwood sandstone reservoir. The Carboniferous coals charged the Triassic reservoir and the halite Merica Mudstone group sealed the Corrib anticline, creating a four-way dip closure. Shell acquired Enterprise in 2001. The Dutch major encountered issues developing Corrib but finally bought the field onstream in December 2015. At peak production Corrib has produced approximately 96% of Ireland's gas demand. Subsequently Shell exited Corrib in 2016 and Vermillion became operator.

Corrib's success led to further exploration interest within the Slyne sub-basin (Figure 2), and several prospects have been identified. The Corrib South prospect owned by Predator is located 20 km south of Corrib and has the same Triassic Sherwood sandstone reservoir. Corrib South is estimated to hold resources of 424 Bcf and could be tied into the Corrib infrastructure. Key risks include the seal effectiveness and hydrocarbon migration. A potential well is planned for 2020.

This is just for 1 of our IRISH ASSETS - remember our other asset RAM HEAD is already a discovery!!!!!

Corrib South all on track for 2020. It could if successful bring in £3 - £4 billion of gross revenue

RNS Number : 7569E
Predator Oil & Gas Holdings PLC
08 July 2019

Predator Oil & Gas Holdings Plc

("Predator" or the "Company" and together with its subsidiaries "the Group")

Irish Offshore Operators' Association Statement

Implications for Indigenous Gas at Ram Head, Celtic Sea, Ireland

Highlights

· Pragmatic approach to indigenous gas exploration and development

· Discovered gas at Ram Head is a good fit with current strategic objectives

· Mid to Best Estimate net Prospective Gas Resources of 508 to 1,370 BCF

· Well-placed with respect to gas infrastructure

Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company, has responsibly reflected upon the statement made by the Irish Offshore Operators' Association ('IOOA') on 5 July 2019 regarding the decision by the Government of Ireland not to proceed with the Climate Emergency Bill. The full text of the statement can be found using the following link https://www.iooa.ie/government-takes-important-step-to-ensure-energy-security/

Background

Predator's management, who have 20 years' experience exploring for, appraising and producing gas offshore Ireland, has been advocating the case for indigenous gas development since 2016 focussing on four critical issues:

· Security of Energy Supply in an increasingly volatile Brexit landscape

· Transition to a lower-carbon economy by pragmatic means using indigenous gas, which has a lower carbon footprint, to replace imported coal

· Maintaining the potential for tax revenues from gas developments to support the investment needed in expanding renewable energy

· Ensuring energy remains affordable and accessible to all

Predator remains fully committed to Ireland and is encouraged by the pragmatic approach now being adopted.

Predator C02 Footprint Strategy

Predator only operates and works closely with environmental agencies and regulators in countries where there is a commitment to reducing CO2 emissions.

In this respect the Company is focussed on exploring for gas in Morocco, which has a high dependency on coal for electricity generation, and Trinidad, where the Company is addressing the potential for C02 sequestration as part of our near-term programme of operations. CO2 from Trinidad's ammonia plants is currently vented into the atmosphere.

Recent Ram Head Competent Person's Report ("CPR")

With this new political development our focus on the gas discovered in 1984 by Marathon, 40 kilometres east of the Kinsale platforms at Ram Head in the Celtic Sea, becomes of even greater significance. Unlike the majority of new gas opportunities around Ireland the Ram Head gas has already been discovered and is now a strategic fit with stated energy policy.

Mid and Best Estimates Prospective Gas Resources net to the Company

Mid and Best Estimates Prospective Gas Resources net to the Company of 508 to 1,370 BCF respectively have been previously reported in the Company's published CPR.

The decision by the Government of Ireland not to proceed with the Climate Emergency Bill may be the catalyst for investment decisions regarding the development of proven gas in the Celtic Sea.

Next Step

Seismic reprocessing is being undertaken to potentially improve the definition of the Ram Head gas structure and the fault compartment tested by the 49/19-1 Marathon discovery well.

A further operational update will be given upon completion of the seismic reprocessing.

Paul Griffiths, Chief Executive of Predator, commented:

" We are encouraged by the pragmatic approach being adopted with respect to the importance of developing indigenous gas offshore Ireland. Ram Head contains two gas discoveries and lies in an area of the Celtic Sea that has a long tradition of gas production and was the catalyst for the development of the gas industry in Ireland. The Ram Head prize is potentially large enough to attract interest from substantive parties. Conditions are right in Ireland now to re-approach some parties."

Good morning

1+ lol

I’ve always been invested for Ireland myself :)

1 of 30 targets

As soon as Jorc is released we can borrow money very easily and on good terms

This company is going places imo

Seismic results from Ram Head can’t be that far away.

We could be talking to the Irish government because the farm in partner is close and we will have the money to advance too authorisation to drill

DYOR

Farm in news for Ireland by year end like I said months ago

Imo :)