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Can't help thinking Akwa somehow tied in to today's announcement, an increased involvement in the development of the

Moulouya sites leading to outright ownership of home-based CNG sales and distribution leaving the Jurassic to PRD.

Certainly all to be revealed which ever way in the next few days.

Just nine working days left in Q3 to publish the interims. Before then, most would agree, much delayed clarity re. MOU-3 progress and future works.

My guess, along with others is that a conversation with our man on the ground ended in 'stuff it'.

Sent by you:

Will Predator Oil & Gas be successful with their Moroccan well tests?

Copilot

Sent by Copilot:

Ah, the intriguing world of oil and gas exploration! Let’s delve into the sands of Morocco and see what’s bubbling up for Predator Oil & Gas. 🛢️🌍

Predator Oil & Gas in Morocco: A Quick Overview:

Predator Oil & Gas Holdings Plc has been busy in North Africa, specifically in Morocco.

They hold the Guercif petroleum agreement, which is like having a backstage pass to a potentially lucrative concert—only instead of rock stars, we’re talking about tertiary gas reserves.

The Guercif location is strategically close (within 10 kilometers) to the Maghreb gas pipeline, making it a prime spot for exploration.

Now, let’s zoom in on their recent activities:

The MOU-3 Well:

Predator completed drilling and logging operations for the MOU-3 well. This well is like the Sherlock Holmes of the oil world—searching for clues about gas reservoirs.

It’s all about appraising the Moulouya Fan primary reservoir target and some secondary reservoirs they encountered in MOU-1 (which they drilled back in 2021).

Think of it as a cosmic treasure hunt, but instead of X marking the spot, it’s more like “X marks the gas.”

And guess what? The MOU-3 well is now the star of the show—a potential hub for a Compressed Natural Gas (CNG) development. 🌟

Testing, Testing, 1-2-3:

Rigless testing is the name of the game. They’re focusing on specific sands within MOU-1 and MOU-3.

Why? Because they’re eyeing a future CNG pilot development option. Imagine Predator as a culinary artist, carefully seasoning the gas profile to perfection.

The report suggests that over six years, they could recover a whopping 43.8 billion cubic feet (Bcf) of gas. That’s enough to fill a gazillion balloons! 🎈

Minor Setback, Major Confidence:

Now, here’s the plot twist: Predator has been waiting for an in-country wireline logging unit for more than three weeks. It’s like waiting for your Amazon delivery, but with higher stakes.

This unit is essential for depth correlation during well completion. You know, the “measure twice, drill once” philosophy.

But fear not! Predator remains confident. They believe the testing program will yield the necessary results. 🤞

Beyond Guercif:

Predator isn’t just a one-well wonder. They’re actively exploring other “high impact” drilling opportunities in Morocco.

It’s like they’ve got a treasure map, and X marks the spots where the Earth whispers, “Here be gas!”

In summary, while I can’t predict the future (I’m not a crystal ball, unfortunately), Predator Oil & Gas seems to be navigating the Moroccan sands with determination. So let’s raise our metaphorical glasses and toast to their success!

PRD may not have had the clout for a satellite blockout but nearer home PM Akhannouch (Akwa Group CEO) most certainly would and there maybe be good reason for him to exercise this power. All conjecture at this point.

Zebra, let's hope we are testing our wells, plural.

At this stage we've no idea how simple or complex the testing at MOU-3 turns out to be which will impact on time available for MOU1 and/or MOU4. Heaven forbid the Sandjet team return home without completing all three well tests.

Anyone know how long the team are booked for?

Nigel, don't know what the last two messages were, they're green, but here's the link you seek....

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2024/01/Guercif_-ITR_20240124.pdf

Jimmy, just ignore the ignorant.

There's quite a few on here that just freak out at anything less than 110% positive, there's a massive gap between your honest and knowledgeable input and those dead set on destroying sentiment. Those that criticize can't see the difference and that's their problem and theirs alone.

We await separate advice that I hope will land soon.

Have we settled our differences with Star Valley or pursued sourcing a rig with related well services from overseas as previously intimated?

Success at MOU-5 is the pinnacle of s/holders' dreams, look forward to PG's advice asap.

I'll be surprised if that 650K purchase just before the bell doesn't signal positive news next week.

Go back 3 years, PRD will still be in the frame ...

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/052421-uks-predator-eyes-bid-for-morocco-floating-lng-import-terminal

Pv72, CCC., Andydaw

None of you are worth the time engaging so I'll make this short.

I raised a genuine concern regarding an area of business that I believe affects rate of progress, a viewpoint on which you could sensibly interreact.

Instead of any attempt to discuss you automatically label me as a troll, first time I've heard that accusation in 12 years posting here. As a PRD investor into my 4th year here holding well into a 7 figure holding I find your attitudes insulting, childish in the extreme and alien to a well-conducted board. The sooner you come to your senses by recognising alternative views could be good for discussion the better.

That's it from me, try having a calm day.

We have two persons only working full time on three active operations, on three different continents.

Ludicrous. A poorly structured company that demands an impossible workload from these two and in turn incurs delays in timetables and errors in procedure.

PRD have a chairman that additionally takes on the role of CEO/FD, a sole supremo who, by his own admission couldn’t make a scheduled trip to Morocco due to work processing regulatory paperwork, annual report, financial statements. He is now there, late.

Is this situation acceptable after 5+ years, growth to a £50m+ company with a world class asset in the making? Would it not be sensible, and certainly affordable at this stage, to employ at the very least a middle manager to progress chase and oversee company administrative requirements? PG/LB with their Moroccan connections especially must know of several ideal candidates.

The company continuing in this present highly limited and unattractive structure imo is a disservice to the common shareholder and for some a big negative in attracting new investment.

To quote the obvious, as time elapses current funding collapses.

Huge and tiny in the same boat....

https://www.thisismoney.co.uk/money/markets/article-13285171/City-shock-Shell-threatens-quit-London-stock-market-U-S.html

20/2 ...Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated.

14/3...“So this year we’ve applied for another extension to June 5th. That’s gone in and been all approved by ONHYM, it’s actually with the Ministry now and we expect a joint ministerial approval within the next 3 or 4 weeks.

4 weeks next week.

Monday April 1st, All Fools Day, is exactly 1000 days since the initial MOU-1 results.

Doesn't time fly.

Bloody typical of PRD coms, one of the key shareholder concerns yet again covered ambiguously.

Has to be the first question posed.

Sincerely hope there is a RNS issued before the Proactive event, with real news, whatever the content, otherwise there's a fair chance of suffering the same old presentation diet of ambitious plans for the near future bearing overly optimistic/unrealistic timelines, hearing fully-funded for discretionary dog legs before the inevitable placing.

There's been enough enthusing over the last few years, time to deliver hard results for your loyal shareholders Mr G.

Well, it’s all pretty clear that PRD’s future in Morocco and shareholders’ wealth hangs on a favourable decision by OHYM re. granting regulatory approval of the Guercif Petroleum Agreement Amendment #4, which is proposing to extend the Initial Period of the Guercif Petroleum Agreement to 5 June 2024. Without it Phase 2 testing ops cannot progress, teams and equipment involved, firm dates etc hang in the balance.

In all probability, imo, the matter will be sorted favourably and we hope quickly. As far as we know PG and LB have to date conducted themselves honourably in the pursuit of business within the Kingdom, built a solid business relationship and are trusted partners. You don’t ditch such agreements without risking your country’s reputation in worldly commercial matters.

And so we await news, patiently, nervously, confidently, whatever, all part of the rollercoaster journey.

I think you're spot on with your thinking Footandmouth.

HL still willing to quote 13.52p to relieve you of 300K shares in one go.