Member Info for Razorman

GUERCIF rigless testing on track and scheduled for September execution

MOU-1 will be the FIRST well in the rigless testing PROGRAMME

Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented:

"The Sandjet rigless testing PROGRAMME is on track and scheduled to be executed and COMPLETED in September.

My emphasis added - 12 days of September remain – how far progressed is the Programme Paul???

The phrase “near term” is used to describe and/or refer to a period that is not too far into the future. In essence, “near term” describes events that are likely to occur soon. The phrase is commonly used to depict the time frame during which a change or event is anticipated to happen.

“Current market dynamics support drilling activity and very near-term value creation.”

“Very” near term has to be 2023, surely.

in the case where you are not oil man jim… then you are firmly up his ****! and that is many times worse

Mumbo, they have three days to declare it

👏👏👏GRH and thank you for your support to this BB. We will be back in the twenties soon enough and all will calm back down.

Q. Louis does oilman Jim hold positions in the stocks he gives advice, recommendations, commentary on??

Louis, I think this a matter of boundaries..

New PRD research note out this morning from Fox-Davies Capital, well worth a read

Has anyone found this yet??? And could you share a link please.

Super excited !!

Oilman Jim

@Oilman_Jim

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2h

There is money to be made in these "putrid" markets, but you need companies with potentially transformational events upcoming. #PRD is a recent example. #HE1 is a current one.

It was the broken away sands…

Lots of media outlets appear to be covering PRD MOU3/4 in the last 24 hours. 🚀🚀🚀

Great news that the funding is out the way early! Breaks are off

It’s been a long hold… but we are now finally arriving at the main event. Thank you Keith, GRH et al ! You’ve been tremendous. Now let’s see what we have!

Amongst the uneasing confusion caused by your Sunday roast… Please can you clarify at least what the deal is not?

I think I would speak for most shareholders when I say I hope a deal in the making is NOT…

Interested party funds the MOU 3 drill, and testing of MOU 1. In return interested party has option to buy Moroccan assets at an pre agreed price of $150/200m and 10% royalties exercisable within 30days of MOU 3 drilling results.

A deal which keeps risk with PRD shareholders and passes on most of the upside would be unacceptable to most shareholders.

Thanks for replying GRH.

Anyone else have expectations that mou1 testing will start next week? From the podcast Paul said one or two more weeks and that was recorded over a week ago

But it’s being ordered for mou3? So lead in is not an issue. Accept the point re getting stuck

Even at 20m ROP a day!

A question I will be asking on the 18th is…
If Mou3 mud is the same mud needed for Mou2, and the rig is still over Mou2, and Mou2 has 20-50m remaining to reach target depth, what would be the impact cost, time, logistics for completing MOU2 prior to drilling mou3? Surely the risk reward stacks??