Member Info for Obadhia

As recently as the Ints on 19/9 the 'going concern' comments included A proposal has been submitted to ONHYM to extend the current First Extension Period of the Guercif Petroleum Agreement to at least 6th November 2026.

To date no confirmation has been published that this request has been granted and nothing said, unless I missed it in PG's marathon address, so I would ask why Nov 6th 2026 is being touted as a done deal. The relevant concern re. flexible divestment is obvious.

Me too, plus a further six wasters of time. Something serene and peaceful with the colour green, no more out of control viruses that clog my screen.

Neither of you two jokers improve matters, you just clog up the board with rubbish posts desperately trying to amuse.

Flexible divestment, way to go, roll on the incoming suitors. Fresh faith.

Looking most forward to what Griffiths has to say re. Page 9, specifically 'Board strategy to re-align shareholder value with Company’s asset strength'

Fair guess that eyes are on Suriname and the WNZ block as it's likely PRD are in line for the licence.

Columbus Energy Resources held a 30-year production sharing agreement with Staatsolie (Suriname's state oil company) for the onshore Weg Naar Zee (WNZ) block, which began in late 2019. However, BPC (Bahamas Petroleum Company, which also rebranded) assumed full ownership of Columbus's assets, including those in Suriname, in August 2020. Therefore, the license is now held by the successor company to Columbus, etc etc.

Since we were only advised on August 1st, 'Preparations are progressing to drill and log this year an MOU-6 well, with a surface location at the MOU-3 well pad. The well will evaluate all the sands seen in MOU-3 above 950 metres' I hope PG covers in detail why this has been put back to late 2026.

The CNG plan with Afriquia involved two supply wells, presuming similar with Vivo.

Key Heads of Terms with Predator Oil & Gas (PRD)

• SPV ownership

Vivo holds 70 percent of the Guercif CNG special-purpose vehicle; PRD retains 30 percent equity with carry rights on project capex.

• Offtake & volumes

Vivo commits to take up to 5 million standard cubic feet per day (mmscfd) under a 15-year gas sales agreement, with annual volume ramp-up milestones.

• Pricing mechanics

Floor price linked to Moroccan regulated gas tariff; ceiling price indexed to Brent – 10 percent differential; annual inflation uplift capped at 4 percent.

• Capex funding

Total project capex of USD 35 million, fully financed by Vivo in tranches tied to engineering deliverables and environmental approvals.

• Engineering & construction

FEED to start Q1 2026; EPC by Kinetics Energy Solutions; commissioning targeted for Q3 2027.

• Distribution network

Compression plant (20 tph capacity) at Guercif; virtual pipeline via tube-trailer fleet servicing local industrial and transport clients.

• Regulatory & permits

Vivo leads on midstream concession application with ONHYM; PRD to secure upstream connection rights and land access.

Wonder what's the chance this week of OHYM breathing a little life into this sedentary share and ending the relentless drip drip drip south.

Can't rely on Griffiths, he's utterly useless when it comes to price support, (he even had the nerve to mention the word 'momentum' recently) in cases can't even re-visit actions he's firmly stated are happening and advise outcome.

History tells us invariably they don't happen and the ordinary shareholder goes forward in ignorance.

IT HAS TO CHANGE, there is a perfectly good web site to update with a once a month Investor Corner or whatever he chooses to title it. I'm obviously not talking about delicate negotiations etc., more the 'did we swab or not', 'has the wax treatment proved successful' , whatever, give shareholders proper feedback and stop treating shareholders that have backed the company for years and years as bloody annoying idiots because it's small wonder that a good few supporters of Predator over the years, excellent in discussing the ups and downs, ins and outs of business have since chosen to invest elsewhere.

After 7 years for some, a timeframe to expect a reasonable payback percentage, it leaves me cold to read the triumphant 'no debt' when the company languishes at 2.9p bid with substantial dilution seen and further expected.

If we take $70pb, less 12.5% gov. royalty at source, PRD's take at 30% = $18.37pb (less unquantifiable taxes after offset against 75% of tax losses, at some stage.)

I'm assuming that WEIGL who hold a 49% interest in this arrangement equally receive 30% and 40% goes to the workhorse, NABI Construction. This percentage would increase to 55% in the case of new wells and heavy workovers until their additional costs recovered.)

So, talking £s and $70WTI, PRD receives £13.50pb from existing producing wells and £6.75pb from new/HW wells initially, less the cost of barrels of wax and their own on ground personnel.

Agree or disagree?

Ibiza, I rather think it will be more likely an EGM called to announce, as and when and if a company changing development needs to be unveiled to shareholders.

AGMs in comparison more or less follow standard practices and PRD are of course remiss in staging this. But I agree there should be a reason why they're holding back, breaking rules - - maybe we'll learn why this week or v. soon.

Eye off the ball, sloppy admin or events to date didn't permit a planned resolution being announced within the deadline?

It's a standard statuary requirement for listed companies, incl Jersey registered entities (besides which it's detailed in PRD's Articles of Association) to hold the company's AGM within 15 months of their last one.

They've only just slipped over the deadline but now need to hold the meeting ASAP or risk fines.

Hardly guesswork to forewarn a future placement, there can't be one shareholder unaware of PRD's financial needs short-term to advance MOU-6 speedily.

Maybe it's happening sooner rather than later but imo if we can accelerate to an October drill then so much the better.

Fingers crossed, you never know your luck .... and all PRD LTHs are overdue an uplift in fortunes!

https://nigen.com/coiled-tubing-nitrogen-lifting-well-activation/

Have to disgree Gudin, more SNAFU than FUBAR.

Granted best be careful what you wish for but I would think it now best for ONHYM to insist upon a greater say as to how to proceed with the Guercif licence. If that involves in percentage split then so be it if we can move with greater speed and support.

After six years, quarter after quarter, year after year, placing after placing (the 'no debt' claim truthful but just ignores constant dilution), ops failure after failure. Key strategic decisions should not be solely in the hands of one decision making company man who's made too many mistakes in directional operations.

There maybe a good relationship to date but I am surprised by the Moroccan's patience shown to date, it cannot be endless.

Morocco is in a fast paced energy transition, a dynamic change at some point, overriding conventions, shouldn't surprise.

Plus of course, let's not forget , a full disclosure coming --

'We are completing our review of the MOU-5 drilling results and will be updating the market on progress after the testing of MOU-3 has been completed.'

To both Novum and Oak Securities Predator are gold dust.

Predator are at last on fire, last weeks bid price daily rises as follows,

M +0.9p

T +0.3p

W +0.4p

T +0.8p

F +0.9p

Monday the rise will be 1, maybe 2, possibly even 3 point something - -- wish those adding at the bell atb

(Possibly my first ramp ever, but PRD now deserves it!)