Member Info for Obadhia

Similar to my plan. Fresh monies into ISA without selling any in share account beforehand. Sell similar amount in share account at leisure reducing next years CGT.
We all know however a wall of money is coming once the new ISA season is up and away, the problem will be stock scarcity which in turn drives the price. Be lucky to get 100K for £20K after the 6th.

Hi Tim, my guess FWIW, is that PG may favour Heritage for their next client simply because a. it would send the right national message if the state oil company participated and b. Heritage make EOR, particularly CO2 EOR, a condition of all new and renewed IPSC contracts, such as TI, where well conditions ripe for treatment.

Surely it's looking more likely for Morocco to be the first subsidiary to be monetised rather than the CCS EOR activity which is getting hotter by the week. Exiting by the end of this year was the plan but with the growing publicity/awareness/concern and the massive opportunity to grow this business into a size far greater than probably first thought should trigger a re-think.

Hi Zebra, from RNS 20/1 ...

' At WTI oil price of US$50/brl, projected EBITDA net-backs per barrel of oil for the P50 and P10 pre-Pilot CO2 EOR production profiles at plateau production are estimated to be in the range $15 - 25 per barrel. There are no new capital investment costs required.'

So proportionally, at WTI $65, PRD should be looking at netback between $19.5 - $32.5 per barrel.
A highly impressive return.
We must be very very close to announcing new CCS EOR contracts, news could break any time soon.

Bdt, have to hope though that WTI does not exceed $75. If I remember correctly when SPT was set at WTI $50 it only had to touch this price once within the quarterly period for SPT to be levied on the company's entire income for that quarter, less any capex relief that could be taken into account. The company I refer to was Columbus.

3 excellent weeks on the trot.
5 weeks 'til April, a new ISA season and Morocco action on the ground.
By then, my guess, it will be 4 shares for £1.
And still an exciting bargain.
Great company, great future for shareholders.

More used to oil values so, pretty certain I've got the decimal points in the right place, someone pls confirm ...

1640bcf - 3733bcf = 274m - 624m BOE

Does anyone know Predator's head count and, apart from home, from where they operate?

We know that the TI field is operated by BPC personnel and that their CI H/O is a serviced office but they must have line management and I'm curious to know more about the structure led by PG/RP. Can anyone advise please?

Wouldn't really surprise if Massey turned out to be the eventual buyer of our T&T EOR business.

I view it as almost unfortunate that PRD's successful CO2 results are on behalf of BPC.

They of course inherited this contract from CERP but, whereas most oil companies would be singing loudly that they're involved with such a noble practice BPC have completely ignored advising the market and thus robbed PRD and their winning methods of greater exposure.

Dec 1 - T&T strategy update and 2021 work programme, a very lengthy RNS, a 5 word 'using enhanced oil recovery techniques' only, no credit mention to Predator.
Jan 7 - Portfolio operations, zero coverage and likewise Feb 16 general update, nothing, despite the fact it followed PRD's 20/1 RNS covering pilot results.

Hardly what would be called a symbiotic relationship, it's certain Predator will gain more market awareness from future deals. Hope they announce soon.

Clever of Paul to coincide the drilling of MOU-1 with the start of the new ISA season. By then it's not unreasonable to think that we may also have a second EOR contract under the belt. Great progress this week, and it's only Monday!

Good morning BDT, have apologised for such a glaring error, recognised as soon as I posted. The problem with LSE is you can't rectify posts once sent.
Cracking match yesterday, the Triple Crown could be yours this year!

Oh dear, sorry all, scrap that last post, not calculating clearly this morning.

So if the T&T EOR business was the first to be sold off, for say £12m for arguments sake then, with the current share issue at 240m shareholders would be in line for a 50p per share special dividend. Yes, I'd go along with that!

It's a gradual build but now seeing added momentum on no fresh news, last weeks trades and worth (E&OE) 418/22m compared to previous week 208/12m.

Cheers wraith, and all the best to you too.

Hi Sefton,

Love your story, remember those times well but obviously not with close involvement such as yours.

Certainly not down, annoyed with myself yes, but now invigorated, inspired, by this fresh investment.
A bright blue horizon beckons!

Wishing you a good weekend free of floods, vicious natives and lions.

PS. There is a trade noted at 2.43pm, 113,261 @6.18 .. maybe yours?

What a week!
Disaster Monday, £80K BPC loss, no blame other than to beat myself up taking risk far too far ---- originally a CERP investor (and prior to that LGO) ----incidentally didn't vote for BPC. 12 years of huge ups and downs, a lot of money and precious time down the tubes. Have I learned a lesson and at last recognised that a conventional, balanced portfolio is that of the wise investor?

No, I haven't. I've tried that and the losers cancelled out the winners and made for a tedious no score draw. I prefer to back on the nose rather than each way.

So having sold out the BPC dud for a pittance on Tuesday, here the good news, 'twas sufficient to buy just under 600k here during the week, climb aboard an extremely attractive and interesting proposition and recover 10% already of my loss. I'll continue adding as funds allow.

Really appreciate the knowledge and decency, humour also, from thread contributors and right now feel very confident I've made a winning investment choice. Am slightly older than RP (do hope his middle name is not Ian!) but feel happy that there's a rewarding conclusion to be reached within Paul’s timeframes. GLA

Just for avoidance of doubt.....

Extracted from RNS 5.10.20

The Exclusivity Period under the terms of the Heads of Agreement for C02 Gas Sales entered into by Predator with Massy Gas Products ("Massy"), has been extended to 31 March 2022.
Extension of exclusivity over Trinidad's entire surplus liquid CO2 supply and the successful execution of Trinidad and Tobago's first large scale CO2 EOR project for many years are compatible with the Company's strategy of developing and offering a flexible CO2 EOR services business in Trinidad to other operators.

Good post highlandmatt.
That's the beauty of the biz, one success out of three would prove a winner for shareholders at current prices but I'd back all three equally to bring home the bacon (with apologies to vegans).