Member Info for MrMarketMaker

Dec (or very early Jan)
1)equipment tested
2)environmental certification

Jan
1)Trinidad operations start
2)Rig booked for Morocco

Feb
1) Trinidad early results
2)farm in Morocco ?

March
1) monthly update with production figures
2)spud Morocco

April
1)production figures
2)Morocco result

Thats without our 2 Irish assets (still waiting on Successor Authorisation for Corrib , a frontier license + seismic data results for Ram Head and we could hear about a farm in as we have several NDA with big players (MAJORS imo) .

Plus we should hear something about the confidentiality agreement with another operator of a mature oil field in Trinidad (an important step forward)

When the license is granted for Coribb South I expect a farm in partner will be announced soon after.

I think that the terms have already been agreed and it’s a case of just getting the license.

Remember we selected a few companies for a farm in and we hold all of the aces in the pack in regards to who’s in charge of the situation.

Corrib South will be drilled in 2020 with first gas target of Q2 2022. When partners are announced it will be transformational.

Click on the 6 month chart and you will see that we are on the right side of the head.

This is one of the most reliable chart patterns and very bullish.

DYOR

https://school.stockcharts.com/doku.php?id=chart_analysis:chart_patterns:head_and_shoulders_bottom_reversal

BULLISH J-HOOK

J-Hook Basics

Spotting the J-Hook pattern is easy because it looks like the letter “J”. This pattern is part of up-trending price action that takes a little dip before resuming the trend. The key is to look for three or four candlesticks that have lower highs because this may be the beginning of the J-Hook pattern. Then the price will stop moving down and start moving sideways. The lows of the candlesticks in this part of the J-Hook pattern stay in the same range. You can literally draw a box around the candlesticks that form the bottom of the J-Hook. Price then starts to move higher and breaks up and out of the sideways price action. It continues and then breaks outs from the price high at the start of the J-Hook pattern. This breakout from the price high confirms the J-Hook pattern and signals a buying opportunity. The uptrend then resumes and price moves higher.

J-Hook Visual

J-Hook
Five Stages of the J-Hook Pattern

There are five stages to the J-Hook Pattern

Price is moving higher in an uptrend fashion.
Price pulls back and forms three or four candlesticks with lower highs.
Price stops moving lower and finds support. There are usually two or more candlesticks the stay in the same price range and hold the lows.
Price moves higher and resumes the uptrend. This looks like a series of candlesticks with higher lows.
Price then breaks out to complete the J-Hook pattern. This is the first candlestick in the resumed uptrend to close above the high candlestick prior to the pullback.

With nice bullish white candle sticks are forming once again - the next up wave has now started as continuation of trend resumes.

The bulls are still in total control and buys are still outweighing the few tiny sells.

I think we will carry on rising until we get news as our market cap is seriously undervalued .

One things for sure ... PRD is not worth trading because most traders who sold got locked out.

Long and strong all the way for me - quitters never win.

Will break-out massively very soon and then 3p becomes new support.

Very strong buy

Re-enter bud

Happy new year to you as well.

ATB

Paul has done well to get a diversified portfolio of very strong assets.

Trinidad operations starts in January , Morocco drill starts in March and I wouldn’t be surprised to find out that we will also drill Corrib South in Ireland at some point this year as well.

Very exciting time’s and we are all invested at the very beginning - this has huge potential especially when you consider what our market cap could be on a successful drill in Morocco and that’s just for starters.

Sou 10 bagged on their discovery in Morocco and went to £500m mkt cap (about £4.80 equivalent for us)

3.08p paid

Hiya bud,

I think this will be the best performing share in 2020 if all goes well.

It could end up like Dana or Dragon oil.

The market doesn’t know the potential but it will soon wake up to the fact as more news gets released.

I was in a company called USOP - it went from 13p - £7 if my memory is correct. They had 50m shares.

I was also in RKH from 30p and sold out at £3.50 (after it fell from £5).

The potential here with the low no of shares in issue (and especially low no in the open market) makes this pretty unique especially with the assets we have.

Corrib is a major major asset and worth billions of pounds - what’s our market cap again ????

PRD could be one of those shares that people end up talking about for years. It could make all early investors extremely wealthy indeed.

Buy as many as you can and hold long term like Paul is the best way to play this imho

Merry Christmas everyone

ATB

BULLS are slowly taking over as the bears ran out of steam

I took the hit ??

https://ihsmarkit.com/research-analysis/irelands-offshore-basins-past-disappointments-success.html

https://www.*************.net/interview-predator-oil-gas-holdings-positive-results-but-corrib-south-could-dwarf-everything/

No problem bud.

Glad you like them

https://www.addleshawgoddard.com/globalassets/insights/energy/brexit-risk-to-irish-gas-supply.pdf

Ireland has a growing economy and its demand for energy and electricity is
forecast to rise. The Government has announced its firm commitment to phase
out coal from the Irish generating mix by 2025, and the 915 MW currently
generated by coal at the Moneypoint power station is likely to be replaced by
gas-fired power generation. Gas will be a key part of the Irish energy
transition providing baseload and back up to renewables. As Minister Bruton
said on 25 July 2019 in www.thejournal.ie “There’s no doubt if we had a gas
find beside Corrib and could continue to supply from Corrib that would be of
immense benefit to us in that transition, it would allow us to have gas as a
transition fuel because when the wind doesn’t blow and the sun doesn’t shine
you need a transition fuel”.

Vermilion said it would look to do deals with other oil and gas companies exploring in the waters around Corrib, either by allowing those companies to use the Corrib infrastructure to transport gas, or by buying stakes in those companies.

https://www.independent.ie/business/irish/corrib-operator-eyes-expansion-and-taxfree-cash-37575461.html