Member Info for Obadhia

It's taken long enough to realise the value of IR, maybe Flagstaff have finally got through to him.

Without their input this week PG wouldn't have seen his £644,000 paper gain so far this week.

Benefit of change in attitude towards ordinary shareholders hopefully learned.

Cheering news, hopefully the start of an upturn in fortunes and a major shift to share price value at long last. GLA LTHs

Interesting but how will this affect Predator's hopes and dreams with our version of Sleepy Joe at the wheel?

Not suggesting anything remotely imminent but we should maybe keep an eye on Hunt (US, privately held, family net worth estimated at $25billion, 850 staff globally)

Speculation, rumour regarding interest in PRD's Trinidad ops (even though they've yet to begin in earnest!) Could be they see the real value lies in potential tax efficiencies via transferred inherited losses!

More interestingly Hunt already active in Morocco extending their Mogador offshore licence to 2027 whilst in May this year established Hunt Oil Company Morocco based in Rabat with the purpose of potential exploitation of hydrocarbons and fossil energy resources which suggests a strategic interest in underexplored basins. Hunt actively pursue strategic acquisitions and partnerships. They've previously partnered with ONHYM under a couple of recognition permits, this collaboration positions them as a serious player in Morocco's upstream sector.

Maybe a future partner/buyer, who knows, they certainly possess deep pockets to advance either way and would find an enthusiastic welcome (and probably relief) from the Moroccan authorities.

From the Annual Report ...

A Memorandum of Understanding was executed with Earth Integrated Solutions, an indigenous company, who

have the rights to deploy in Trinidad for the first time a new thermo-chemical wax treatment patented by

Saudi Aramco.

The patented thermo-chemical wax treatment known as SGN was shown in the laboratory to produce heat

and to release nitrogen. Heat dissolves wax and nitrogen provides reservoir drive to lower oil viscosity and

increase and sustain oil flow into the well bore.

A waxy oil sample was collected from the Jacobin-1 well and sent for laboratory analysis for thermo-chemical

SGN wax treatment. Results were optimised independently by proprietary Numeric Simulation and showed

that for 81 barrels of SGN treatment volume after 4 to 5 hours reservoir temperature was simulated to increase

by 27°F and oil viscosity reduced by up to 75%.

Results were consistent with an observed increase in oil flow rate by up to three-fold in the examples from

producing Saudi Aramco oil fields where the thermo-chemical wax treatment had been applied.

MEM, It maybe a little perverse to suggest but at this price and a re-purposed ONHYM the opportunity for a sizeable gain in the near future could seem a good gamble.

But for those sitting on sizeable losses, and there'll be few that aren't, it's admittedly hard to work up the interest in sinking more funds in to what has proved a poor venture over six years. The next couple of months should prove decisive to the LTH one way or the other.

Jasper, I think you're absolutely spot on with your theory and probably it's high time we had a rat in the henhouse to liven things up to hopefully an acceptable outcome.

Griffiths speaks, share price creaks, no surprise there.

Similarly and expected Griffiths blames market volatility for the negative impact on shareholder values, market conditions beyond the control of management.

Has it ever crossed his mind that his style of running the company, the timelines never met or re-mentioned, agendas that either get shelved or forgotten altogether and his woeful communications are deeply to blame and the reason that our share price is so depressed, sentiment so poor?

Exactly one year ago PRD bid stood at 9.0p, today 2.7p - market conditions indeed, pure piffle!

Largely agree with your criticism but Flagstaff will only put out what they're told to by PG.

This is their second time round, I'm sure in private they've got their own ideas about this CEO.

As he stated in the interview 3 months ago he'd be delighted to offload his 46m shares but reasoned in these current times a Moroccan buy out for the whole Guercif licence would most likely come from local players backed by PE. That makes sense. Hopefully negotiations well underway with a consortium with a minimum $300m price tag plus 2% royalty. Stuff of dreams, no more side tracking, zigzagging, guessing in silence wth is happening. Suits me.

Yep, sounds good, guess we're all dreamers with varying timescales some, mostly relative newcomers, resolute others waning in confidence of leadership.

What do you expect to surface in PG's big reveal?

$40 pb profit in Trinidad is simply pie in the sky, it won't happen in any of Predator's fields.

Take our 51% owned Bonasse field and an average $70 price per barrel. After 12.5% government royalty there's $61.25 of which Predator's share is a flat 30% or $18.37 (if a new field where NABI Construction have worked PRD's percentage drops to 20% or $12.25 a barrel.) Then, if wax is employed, there's this cost to take into account and deduct.

The CEG fields deal is different but still will get nowhere near achieving $40 profit pb. T&T oilfields are notorious for requiring frequent maintenance shut downs, more like 3 to 4 weeks per year out of commission. Review Lenigas/Columbus/BPC experience of T&T wells.

Business Today...

The Strait of Hormuz handles around 20 million barrels of crude oil per day — nearly one-fifth of global daily consumption. A closure would cripple oil exports from key Gulf producers including Saudi Arabia, Iraq, the UAE, and Kuwait. While some alternate pipelines exist, they can only handle a small share — roughly 2.6 million barrels per day.

Qatar’s liquefied natural gas (LNG) exports, vital to Asia and Europe, would also be disrupted.

Brent crude has jumped past $90 per barrel, while WTI climbed above $87. Analysts warn that a prolonged shutdown could push prices to $120–$150, triggering major volatility in global financial markets.

We'll be sending condolences to Paul Griffith's family next, he's gone missing too for those that hadn't noticed.

Not that bothered about T&T regulatory approvals coming in before end of June, it's MOU-3 A sands perforation success of greater importance, much more likely to drive the price recovery. We're told that perforating option analysis has been completed but it's still a case of availability of equipment for the programme to start before Q2 shortly finalises. Trust every effort is being made in sourcing all requirements.

Icing on the cake, a helium partner announcement would of course be welcome soonest. GLA LTHs

Don't disagree with that MEM.

Griffiths has little concern for ordinary shareholders' issues, never has, I rather suspect the promised outburst from Lonnie B. that never happened would have made clear this disdain and so discredited his leadership.

I continue to believe in Moroccan value but, after five years, faith in this guy nears rock bottom.

A successful MOU-3 outcome? - so Jun/July.

When an initial monetisation program is fully discussed, agreed and actioned Jaybae.

Well that's got the Most Loathsome One in a flap, she'll be working flat out over the next few days, properly upset her agenda!!