Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Doesn’t look like you’re going to get a response tradedesk, lol try asking an easy question .
Nimbidc - Totally agree.
Levi- There is obviously a reason and I'm sure the last 2 months since Wick that work is being ongoing behind the scenes, frustrating as it is the MMs will continue to mess around with the SP until news drops. There is a gap to fill so as soon as we get news let's see what happens, in the meantime its short term pain for long term gain. The new tax year is only a few weeks away so I'm sure plenty will want to use their ISA allowance and what a great level to come in at.
I’m guessing if they did that then Tune and the ex chairman wouldn’t be best pleased especially as they were the ones that formed part of the CLN agreement and both are major shareholders.
So any thoughts from anyone why the company let the
CLN expire ?
RH187—
Why would Uplands let their CLN agreement expire only to then do a placing at a price lower than what their cornerstone investors Tune paid?
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Malcys Blog posted a squawk about CERP
15:4813 Mar
Predator/Columbus
Heritage Petroleum Company has confirmed to FRAM (CERP subsidiary) as operator of the Innis-Trinity field in Trinidad that it has given consent to the conduct and operational plan for the CO2 EOR project on the AT-4 block on the field. Predator has the right to buy FRAM from CERP for $4.2m.
This means that Predator’s operational plan for the block can be progressed, the delivery window for first CO2 gas sales to the field has been extended to 30th April and agreed with the supplier. Guidance has been issued at a combined scoping production rate of 300 b/d by the end of 2019.
Predator say that operations ‘ are forecast to remain profitable at current WTI oil prices generating an average of $10/brl net back after operational and CO2 costs royalties and taxes. It should be borne in mind that scope for reducing CO2 and operating costs may exist as the initial prod data is collected from pilot operations and thus facilitate planning for economies of scale. Capital costs of less than $600,000 remain as previously guided and are funded from the set-aside cash reserves of the company.
This is indeed an ‘important milestone ‘ as described by CEO Paul Griffiths and with which I concur. The fact that Heritage has validated the technical and commercial model for CO2 EOR is good news from a third party and one who is the largest holder of mature onshore producing fields on the island.
Predator are in an incredibly strong position here, with a successful pilot they can upscale very profitably, the Government has clearly endorsed the strategy to boost onshore production and PRD has exclusivity over CO2 supply. All in all very good news for Predator shareholders and this stock is very much on the radar screen
Absolutely crazzy that people are selling, I hope they re read the RNS and realise what exactly it means, I’m going to definitely to get more funds for Monday morning because
You should never look a gift horse in the mouth.
Nothing stranger than folk, it was like watching lemmings following each other off a cliff. Panic selling by the looks of it without knowing why they’re selling. Nice to see this getting bought into by those that actually read and understood the RNS.
Paul Griffiths, CEO of Predator commented: "We are delighted that we have found support from Arato Global Opportunities in providing funds which will enable Predator to proceed with the award of the Guercif licence in Morocco. Guercif represents a high impact, low cost, near-term drilling opportunity in a sophisticated and stable business and operating environment that is well understood by management. We are excited by this opportunity and by the potential for cash flow from Trinidad C02 EOR operations through 2019, which can underpin our plans to become a significant gas player connected to the European gas market."
The Directors currently anticipate that funding of the Guercif work programme will either be through cash flow from Trinidad C02 EOR operations (depending on the level of surplus revenues generated), a farmout for a carry in up to 2 wells and past costs (including a pro-rata share of Predator's Bank Guarantee), further equity issuance (dependent on share price and market conditions) or a combination of these options.
The next six months will therefore be spent on desk-top studies by management to develop and finalise the drilling programme and to carry out an Environmental Impact Study. Discussions with rig owners will progress further with the objective of seeking a suitable rig to drill the Moulouya Prospect in the late third or fourth quarter of 2019. The well is not anticipated at present to take longer than 15 - 20 days to drill, subject to finalising the drilling programme.
In addition, the Lender is being issued with warrants to subscribe for 2,083,333 Ordinary Shares in the Company at an exercise price of 12p per share for a period of 2 years, and Novum Securities, the Company's broker who has arranged the Loan Notes, is being issued with warrants to subscribe for 2,000,000 Ordinary Shares in the Company at an exercise price of 12p per share.