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Very very interesting stuff Nic - we're living through very strange and interesting times - nothing would surprise me :-)
ATB
GRH - Thank you for taking the time to respond, much appreciated and informative.
A possible One TCF from the MOU 4 Prospect makes the Guercif Project huge if it comes off. Reason I asked about Conoco was that "to me" Paul seemed to communicate suppressed excitement at the end of the RNS where he says Conoco moving in next door was an "exciting development". Almost the last words of the entire release.
Mr Castro, the new non-exec, has worked in Investment Banking, Corporate Finance and the capital markets with experience in executing complex M&A. There are great times ahead for PRD, the BOD must be working flat out on all the different aspects of the three projects. As everyone is saying just gotta be patient and let things roll - hopefully more info re FRAM tomorrow with Malcy.
All the best
Nic and Tesla - Paul said in the RNS that the response from approaching the Irish regulatory authorities had been "excellent".
FWIW responses don't get much better than that :-)
GRH - many thanks, I look forward to your thoughts.
All the best
GRH - you know a bit about Morocco - what's your take on what seems to be the name-dropping of Conoco ever since June when they moved in next door?
Blackdogtaff - simple answer I don't know why sp falls when good news comes out either :-)
And it WAS a great RNS - T&T 99% flow enhancement on one well, 17 barrels over 19 hours from a second well that hadn't produced ANY oil for two years.
At least twice in the RNS it is clearly stated the PRD pilot for CO2 EOR is now proven, and PRD is looking at a number of other opportunities - as MEM reminds us there are 4800 onshore legacy wells on T&T apart from Innis-Trinity, and an estimated 150m barrels of incremental oil production could be achievable if CO2 EOR is de-risked . Which it now apparently is.
At a net-back of just US$10/brl this represents unrisked revenues of US$1,500 million - slide 24 of July Presentation.
Lastly, there were at least two mentions of Conoco Phillips in the RNS - to me thats really interesting.
Just my one pennyworth FWIW
All the best
Evening everyone
GRH ...........
I'm in full agreement with your thoughts
One thing's for sure - the next fifteen to eighteen months will prove us right or wrong !!!
ATB
Thanks everyone for their research and analysis today.
As GRH said - when did you last see a micro-cap running three parallel projects, in three different geo-political areas, at the same time?
To me the most powerful thing about Predator can be seen in the final Gandtt Chart in July's Corporate Presentation.
Page 36, marked in bright Purple.
For the last Quarter of 2021 Innis -Trinity, Guercif, and Ireland, are ALL planned to be ready for M&A.
Despite all the delays, despite Covid 19, Paul reckons each one of these projects will be ready to sell on to one of the big boys in less than fifteen months. Only time will tell, but the BOD put their reputations to that presentation just six weeks ago.
Predator IS the new Dana - but in less than half the time?
We shall see.
Hang tuff
Afternoon everyone
As MEM and Mr MM have said there's a lot of stuff going on behind the scenes right now. Exciting stuff.
My guess as to the lack of updates is because there's also been a lack of certainty i.e regards starting at Guercif
It's only in the last couple of days that it's become clear - thanks to thechancers digging - that the Canadian drill team might finally be able to fly into Morocco to prepare to do their stuff with a target spud in December. And as the Option for FRAM doesn't expire until 30 September it leads me to think a big clarifying update on both Morocco and Trinidad MIGHT happen first week of October with hopefully very good news all round??
The Predator BOD is tiny, but they're all well experienced guys who aren't doing this for fun. Every word I've heard Paul speak in the video's I've been able to find he comes across as calm, relaxed, incredibly knowledgeable about his business, but above all, determined.
Six weeks ago Predator put out the Corporate presentation. Flagstaff were appointed as PR - a new outfit but again with some very experienced people. Flagstaff would not have been needed if things weren't going well in Trinidad. Paul did a couple of interviews, the last one four weeks ago, and then the RNS which clarified we didn't need funding. We ARE due an update but the BOD are working hard to make things happen and I'm hoping early October will be newstime.
Just my opinion, have a nice weekend everyone
Hello everyone
New to the BB, following Predator since April this year. Wasn't in a position to invest until July.
Day off today so thought I'd sign up to sincerely thank all the LTC's and others who have done so much research and provided background information on Predator, and the projects it is working on. All been incredibly helpful.
I've tried to click on every new research link for the last five months, and the info available across the three jurisdictions indicates all the confidence you guys have in Predator is fully justified IMHO.
FWIW my penny's worth on timescale for Morocco. Looking at the Corporate Presentation released at the end of July, and specifically the slide headed "Revised MOU-1 Drilling Schedule", note 1 states the "schedule is subject to Covid-19 restrictions being relaxed by 1 October 2020".
The Gandtt Chart on the slide shows if that condition was met then October and November would be needed to finalise preparations for drilling i.e. finalising drill team and well services contracts, construct the drill pad, improve access road, construct the camp, and arrange catering and supply chain. The Gandtt indicates "Drill and complete MOU-1 in December".
I reckon the Moroccan government, through ONHYM, will be keen to get Predator started asap, as it is very much in their interests, so I think the signed business invitation for the drill team should be a formality before the end of this month? If so it means the schedule shown in the Gandtt Chart will be on target for drilling in December.
Just my thoughts, thanks again to everyone who makes this board such a friendly and informative place for Predator investors to hang out, and by the way, I'm here for the long haul, and respect to all the LTC's who've already put in the hard yards since IPO.
Hang tuff