Member Info for Rustyrat1970

@nigel 😂 Fair correction on my wording — no, PG hasn’t “invested through dilution” (sorry about your mug of tea )

What I meant was that he hasn’t insulated himself from dilution. His percentage has reduced alongside other shareholders following the placing, rather than being protected or topped back up behind the scenes. Granted i know he has been rewarding himself bonuses but it doesn’t mean dilution is painless , it isn’t , but it does mean management are exposed to the same outcomes as us from here.

Now it’s about execution: wells drilled, production delivered, and value justified.

All eyes on results now. Execution phase finally underway.

Worth pointing out that the latest Major Holdings RNS isn’t PG bailing — it’s dilution from the placing. His actual shareholding remains substantial, and he’s been diluted alongside us, not protected from it.

That matters to me. If management thought this was going nowhere, they’d be lightening up — not accepting dilution and pushing straight into an aggressive drilling and workover programme.

Drilling has started, multiple wells are planned, and PG is effectively investing through dilution, just like the rest of us. That’s alignment, not abandonment.

You don’t fund, drill and retain 100% ownership unless you believe the next phase materially changes the business. From here, it’s execution — but the pieces are now firmly in motion.

Just my view, but I see commitment here, not a lack of it. Now let's get drilling !!!

Drilling has actually started in Trinidad — BON-18 is turning to the right, not just another “planned” RNS. That matters. This isn’t talk anymore, it’s execution !!

The programme laid out is material: multiple development wells at Bonasse, workovers at Goudron, and all of it feeding into Snowcap-3. Management are clearly pushing to build production first, using existing infrastructure, which is exactly what the market has been asking for.

I like many believed the placing hurt, but it’s also now done. Crucially it funds this entire drilling and workover campaign while keeping 100% ownership. No farm-out, no fire sale. That tells me PG believes the upside is worth retaining.

Today’s action also says a lot: despite the knock, the majority of trades are buys. That doesn’t look like panic, it looks like believers like me using weakness to top up ahead of results.

If they deliver even the lower end of the forecast 300–400 bopd uplift, the current valuation looks very tight.

Results now matter more than words and we are finally moving into a results phase.

Just my take, but this feels like positioning before news, not the end of the story.

Exactly — that’s my point. We’re constantly told PRD is “fully funded,” yet the only people getting to buy at the discounted placing are institutional or private investors, not the retail shareholders who’ve stuck it out.

It’s infuriating — faithful shareholders carry the risk, get diluted, and never get a chance to take advantage of the lower prices ourselves. That kind of selective access kills credibility and trust, no matter how confident PG sounds in his statements.

Until retail is treated fairly or we see real delivery from Trinidad or Morocco, the share price will keep reflecting that imbalance.

The £4.5m placing at 3.5p represents a clear reset of valuation and significant dilution for existing shareholders, many of whom are averaged well above this level. This was not opportunistic funding — it was necessary.

We have repeatedly been told the company was “fully funded”, yet shareholders are again asked to provide capital at a materially lower price. Statements like that lose credibility when they are followed by dilution.

Trinidad production increases are welcome, but at ~300–400 bopd they are plainly not self-funding. If operating cash flow were sufficient, this raise would not have been required.

Morocco remains commercially unproven. Until there is a signed, binding gas sales agreement or clear monetisation, it must be treated as speculative — regardless of how positively it is presented.

PG communicates confidently, but markets do not price confidence. They price outcomes. After years of updates, the shareholder scorecard remains dilution versus delivery — and the share price reflects that.

Still holding, but only because a genuinely material commercial RNS could finally justify the story. Until then, the balance of risk continues to sit with shareholders.

Thrilled to see Predator Oil & Gas advancing in Morocco’s Guercif Basin!

After a year of technical validation, key wells confirm strong gas potential and even new deeper targets.

With partnerships and resource updates on the horizon, the team is turning discoveries into a structured, commercially viable energy project.

Exciting times ahead! Good luck fellow investors

Who in thier right mind puts out this presentation before the AGM for the market to read it with our experience. Either this is to force the share price down for further buyers again or absolute commercial suicide.

May not be what we wanted to hear, but the feeling of seeing a RNS this morning was amazing and daunting.

It wont be long now !!!!!

There is a definate change in the news we now receive, be it through a picture or RNS.

No bo..ox, just straight forward clear and concise facts.

The stakes are high and we have many different parties to keep happy and o ensure compliance.

PR advisors play a crucial role in shaping public perception, building positive relationships, and safeguarding a client's reputation.

Having waited for months for some meaningful news, this has been disappointing. To say its due to market forces is a joke, if that was the case why would anybody deal with oil ?

When the PR advisors, Flagship were announced last December I did believe that the quality of communication would improve and the frequency. It seems that they are trying to protect PG with his assumptions rather than update shareholders with regular progress reports that give us clarity of what is actually happening.

I'm a long term holder here with a hope for success but its getting very tiring now with the constant 'Fox and Monkey pie'

Someone needs to be made accountable for all the "held up," "behind schedule," "running late," "a bit behind," "delayed," "slow," or "stalled."

Chat GPT answer

* Chariot Energy Group (UK).It already operates Morocco’s large Loukos onshore gas license (75% Chariot, 25% ONHYM) and is developing several gas discoveries there. Chariot’s technical team has delivered recent onshore drilling and testing at Loukos and it has the balance sheet and regional know‑how to invest further. Its strategic goal is to build Moroccan gas supply (it recently signed offtake deals for Loukos gas), which aligns with MOU-5’s onshore gas potential.

* Energean plc (Greece/UK). Energean is a Mediterranean‐focused gas producer that has moved into Morocco. In April 2024 it farmed into Chariot’s Moroccan offshore licences (45% of Lixus license, 37.5% of Rissana).Energean is funding multi‐well drilling programs (it secured a drillship for an offshore appraisal well and aims to expand gas production. Its proven ability to finance and operate gas projects (especially in North Africa) and willingness to take equity stakes in Moroccan gas assets suggest it could back MOU-5 as an operator or partner.

* Managem SA (Morocco). Managem is a major Moroccan mining and metals group that has recently diversified into oil & gas. In mid-2024 it acquired interests in Morocco’s onshore Tendrara gas fields (purchased 55% of the Tendrara concession and stakes in adjacent permits from Sound Energy. Managem committed to fund the next drilling phase in Tendrara, demonstrating its financial capacity and strategic commitment to Moroccan gas. As a local conglomerate with an African footprint, Managem may seek additional onshore gas opportunities – making it a logical partner for Predator’s Guercif project.

* Harbour Energy (UK). Harbour (which merged with Wintershall Dea) is Europe’s largest independent oil & gas company with a gas‑weighted portfolio. Its North Africa assets (in Egypt, Algeria and Libya) supply ~70% of Egypt’s domestic gas and include Algeria’s Reggane Nord gas field, Harbour’s financial strength and existing infrastructure ties (e.g. pipelines and regional expertise) would enable it to invest in new Moroccan gas plays. Given Morocco’s drive for domestic gas production, Harbour – focused on long‑term gas supply in the region – could see strategic value in farm‑ing into a low‑cost onshore appraisal like MOU-5.

Each of these candidates brings proven gas‑exploration and development capability, a track record in North Africa, and the budget to fund appraisal drilling. In presentations and news releases, Predator itself has hinted that it expects a farm-out for 3D seismic and appraisal, so companies already engaged in Moroccan gas (or looking to enter it) are the prime prospects

Must the size of an oil discovery be confirmed before disclosure?

Not necessarily.

The key question is not whether the size is confirmed but whether the available information constitutes inside information — that is, information that is:

Precise - Its not precise as we have asked for 3D seismic testing, farm out

Not public - Its not public as we dont know

Would likely have a significant effect on the share price if made public - Nothing confirmed

In other words, confirmation of size is helpful but not always required if the discovery is already price-sensitive - No discovery firmed up

I think the key issue is, the information is not precise enough to make an announcement.

It is my belief that the announcement farming of the testing gives PG the breathing space to hold off the news as this could have a signicant impact on the share price.

Using the LSE disclosure decision matrix, I think there is enough to stall at Question 2 : Is the information precise and not speculative? with an answer being : Early-stage findings may be withheld until confirmed.

Therefore we dont move to question 3 which is : Is the discovery material? (e.g. affects valuation, reserves, forecasts)

PG has never been this quiet for so long, keep the faith

Salt in oil exploration is a positive indicator that:

Suggests trapping mechanisms for hydrocarbons.

Can point to mature petroleum systems.

Presents technical challenges in imaging and drilling that require advanced methods.

GRH mmmmmmm

Thanks Footandmouth, very interesting

Diapiric structures are geological formations created when buoyant, mobile materials rise through and deform overlying rocks, typically forming dome or mushroom shapes. This process, called diapirism, can result from the upward movement of salt ❤ , shale, or even magma. Diapirs can lead to the formation of anticlines, salt domes, and other structures that can trap hydrocarbons, like oil and gas.

The MOU-5 well in the Guercif licence onshore Morocco was drilled by Predator Oil & Gas Holdings Plc, a Jersey-based oil and gas company. Drilling operations commenced on March 3, 2025, as part of Predator’s ongoing exploration efforts to assess the gas potential in the region.

The drilling was executed using Star Valley Rig 101, which was subsequently suspended and remains stacked at the MOU-5 location to allow for potential future re-entry.

Predator’s exploration strategy in Morocco focuses on targeting shallow reservoirs to enable rapid production if viable resources are discovered. This approach aims to optimize drilling costs and support Morocco’s broader energy diversification strategy.

Preliminary results from the MOU-5 well have been promising, with the identification of the Domerian carbonate primary target and the unexpected discovery of high-quality sand layers and helium shows. These findings suggest new exploration potential and will inform future 3D seismic acquisition to further explore the Jurassic Project.

Summary of Predator Oil & Gas Holdings Plc - 2024 Annual Report - For ease

Chairman's Statement

Predator Oil & Gas strengthened its position in Morocco and Trinidad in 2024. In Morocco, it entered the First Extension Period for the Guercif concession and drilled the MOU-5 well post year-end. In Trinidad, it progressed towards commencing oil production and executed strategic acquisitions. In Ireland, optimism grew following political shifts potentially favoring energy security. Global trends showed continued reliance on hydrocarbons amid energy transitions.

Strategy Overview

The Company views gas as a pragmatic, transitional fuel. It focuses on CO2 sequestration, leveraging its expertise for both environmental and economic gain. The strategy emphasizes safety, low-cost operations, ESG alignment, prudent capital deployment, and exploration in jurisdictions with strong market demand and regulatory support.

Operations Review

Morocco:

Rigless testing of MOU-1 and MOU-3 faced formation damage, limiting gas flow. Sandjet perforating was used but flow was not achieved.

The "A Sand" in MOU-3 offers potential for gas flow and CNG development.

MOU-5 well was drilled in March 2025, confirming new Jurassic play and helium potential.

Trinidad:

Acquired remaining 16.2% of Cory Moruga Licence.

Applied Saudi Aramco's SGN thermo-chemical wax treatment for waxy oil recovery.

Acquired Caribbean Rex Limited, gaining Bonasse Field and increasing storage capacity.

Ongoing acquisitions to increase production and reduce costs.

Ireland:

Focused on Corrib South successor authorisation.

Re-engaged stakeholders for Mag Mell FSRU project.

Financial Review

Operating loss: £1.89m (down from £4.19m in 2023).

Cash reserves: £3.81m; No debt.

Raised capital via share placements and options.

Funded for 2025 operations including MOU-5 and workovers in Trinidad.

ESG and Sustainability

Strong focus on environmental protection, community engagement, biodiversity, and CO2 reduction.

Adoption of UN SDGs (Goals 7 and 9).

Regular environmental audits and transparent reporting.

Post-Balance Sheet Events

Drilling of MOU-5 began March 2025.

Initiated oil sales from Bonasse.

Acquired interest in producing fields (e.g., Inniss Trinity, Goudron).

Secured regulatory approvals for SGN treatment in Trinidad.

Planning further seismic data acquisition and farmouts in Morocco.

Key Performance Indicators (KPIs)

Effective cash management and acquisition of valuable resources.

Execution of strategy to reduce CO2 via gas development.

Advancing toward revenue generation through CNG and oil production.

Secured non-dilutive funding.

Achieved operational goals without incurring new liabilities.

Conclusion

Predator Oil & Gas made strategic progress across its portfolio, enhancing asset value and aligning with the evolving energy landscape. It remains positioned for cash flow generation and operat

Why the jump today, is there a leak ?

Regarding the term "Duster," in the oil and gas industry, a "Duster" refers to a well that fails to produce hydrocarbons in commercial quantities. Given the positive indicators from MOU-5, including the presence of potential reservoirs and gas shows, it would not be classified as a Duster. Why do people keep calling it one ????

Well I took the plunge and went for it. I must say I tried at 2.2 but actually it took 15 minutes to trade and ended at 2.55.

Good luck to all

It looks like im a lot higher than most @8p but it will cost me thousands to avaerage to 4p, its such a gamble ?