Member Info for thewackmiester

Lonny’s re-tweet

https://mobile.twitter.com/lonny1971

Atb
Wacky.

Yes HM,
The market took those figures in the wrong context which I went onto later prove were “quite good” as in a comparison to Grf1 and Anchios1. And also importantly taken from a well which was drilled on the periphery of the Mou field.
I still believe Paul was under orders from our partner not to “Shout from the rooftops” on what we have discovered.
Things have now changed, the last rns has put a small amount of detail available to Market, a relatively small amount of gas unrisked worth £590 millions.
As for the trust issue, I agree it does exist, I for one don’t trust the Market as far as I could throw it and I believe Paul may have the same thoughts.

I tried a dummy sell on IG just before close of play yesterday and they would take in one hit 2.5million shares @ 0.49p on the bid worth £122,000

A bit short on them are they ?
What about all the other houses ?

AIMHO of course.

GLA
Wacky

Morning all,

HighlandMatt, a good explanation on comparison between the two companies.

The gas shows you refer to as in Prd 1.7% is the Background gas reading taken from the mud logs when drilling, this reading is taken from the reservoir body.

As you will notice in the Jul 6th RN there are also Formation gas readings of 1.8 & 3.8% respectively.

https://www.lse.co.uk/rns/PRD/mou-1-update-24h4jsyz9fxq27q.html

A Formation gas show is the amount of gas which is released into the wellbore as the drill bit crushes the rock when drilling.
The Grf1 mud logs show very similar readings to Anchios 1 (0.2%) on a prd presentation.

However the big difference between Anchios1 (0.2%) and MOU1 (1.7%) is that the MOU1 readings are 8 x greater in concentration of methane than Anchios1 readings.

That is the reason for the multiple comparisons of the two companies in various rns and presentations.
In other words “they’ve got that, But Look At What We’ve Got” !!!!!!

Why the market are not or appear not to be taking any notice is because I believe the “shakers” want a bigger slice of the pie !.

Paul is having none of it, why should he dilute his share and ours by £millions just to keep the “machine” happy,
On a successful perforation and flow test the offer of funds will become available but on our terms and not theirs.

That was the reason for the wording and limited content of the latest rn. & Cpr.

And my comment. “London on Notice”

AIMHO of course.

GLA all lth and genuine investors.

Wacky.

Morning MeM,

Many thanks and regards to your good self.

Atb
Wacky

I think Paul is or has lost patience

Morning all,
Apologies for off grid, personal changes are afoot.

Well we’ll,

Paul has just put “London” (U.K.) on notice.

It’s all there, an initial prize of £500million + for a startup cost of £12million.

Are you in or out ?

AIMHO of course.

GLA
Wacky.

Hi all,

KiethOz,
Many thanks for your excellent contribution.
I took another look at the September presentation as you recommended.
I agree with your view.
To take it one step further I would like to suggest that there is another formation to the east of the faultline.
The Hoot and Alluvial fan reservoirs terminate on the west side of the faultline or trap. As you will notice the gas cloud to the east forms further up in the formation which because of the faultline would tend to suggest that part of the cloud is being generated from another source, probably from the rather thick red anomalies immediately below.

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2021/12/seismic.pdf

Could this be an interpretation of Mou/NE ?

A little light viewing to pass the time.
This video was made available by Tullow Oil, this would appear to be the perfect requirements in their opinion to find the perfect Hydrocarbon Well.

https://www.bing.com/videos/search?q=how+to+read+3d+geophysical+seismic+graph&&view=detail&mid=A85211E43F500EA3A525A85211E43F500EA3A525&rvsmid=66A37654667FEB649F9366A37654667FEB649F93&FORM=VDMCNR

Anyone notice any similarities with regard to the Guercif Basin.
Without giving the game away, there are a few.

AIMHO of course.

GLA.
Wacky.

HI all,

Bit of info about gas clouds or gas chimney.

"Chimneys have often been observed near producing fields"
"Traps with chimneys on the flanks of the structure will often have hydrocarbon column heights corresponding to this spill point"

https://onepetro.org/SEGAM/proceedings-abstract/SEG15/All-SEG15/SEG-2015-5910718/65454

Prd new seismic of Mou 4 & 5

It looks to me that the gas cloud/chimney is being fed via two separate reservoir's, one to the left and one to the right of the vertical line running through the cloud.

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2021/12/seismic.pdf

Any clarification on this would be most grateful.

GLA
Wacky.

Morning all,

Interesting article in the Irish Times.

Think they’re going to need a lot more gas,
Possibly more than just another “Corrib “

“Eirgrid noted that it is planning auctions for more than 2,000MW of gas-fired plants by 2030”

https://www.irishtimes.com/business/transport-and-tourism/new-power-plants-likely-to-meet-just-a-fifth-of-energy-need-industry-figures-say-1.4757405

AIMHO of course.

GLA.
Wacky.

And that Zebra is why the market got it wrong again.

We all know we are sitting on money in Mou1 and I will admit I was disappointed when the company announced that the rigless testing would be following SDXs program.
For all we know Mou 4 & 5 could be duds, until they’re drilled.
The company is following the right course of action now by bringing the testing of MOU1 forward by six months.
But my point is, the Market even if it was expecting Mou 4 & 5 should have recognised a massive speed up in the timeline of monetisation of Mou1 and the benefits that a positive outcome would deliver.

But they’re money men and that’s why they messed up or I should say missed an opportunity.

I always enjoy your posts but can’t agree with you on this one.

Atb.
Wacky.

Hi all,

Once again the money men fail to recognise a great Rns ?, because I didn't.

Strong words on my behalf considering what they have done to the sp.

1. The timeline for monetisation on a successful perforation and well test on Mou1 has been brought forward by 6 months.
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2021/12/schedule.pdf
2.MOU-4 Fan Prospect tested and de-risked by MOU-1 - 32km² confirmed.
3.Porosity of Mou1 confirmed. 21%
4.Permeability of Mou1 increased.
5.A higher gas pressure than anticipated by 500 psi
6.Very good log analysis results by Nu-Tech. on Mou1
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2021/12/loganalysis.pdf
7.CONVENTIONAL well logs delivered at the end of the well did not have sufficient RESOLUTION to correctly characterise the reservoirs.
8.Log porosity & gas saturation under-estimated in heterogenous finely-laminated reservoirs
9.MOU-1 penetrated only the extreme western edge of the MOU-4 Fan.
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2021/12/fanmap.pdf
10. MOU-4 well will be approximately 8 kms. east of MOU-1 but within the same COMMON structural closure as MOU-1.
11.MOU-4 will target a sub-area of the MOU-4 Fan with an independent 4-way dip closure covering 7.3 km²
(reservoir beneath the reservoir)
12.potential "gas cloud" developed at the eastern limit of structural and possibly stratigraphic closure.
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2021/12/seismic.pdf
13.The Company is fully funded to carry out the extensive MOU-1 testing programme.

And that's just Morocco.

I could go on & on, but just as an example of what we investors in Predator are up against.
An article by StockMarketWire.com and the very first paragraph tells you they have read the RN incorrectly, are way behind the curve and/or have published with a negative slant.

https://www.stockmarketwire.com/article/7224377/Predator-Oil-Gas-plans-more-testing-work-at-Morocco-well.html

An interview with Paul would be welcome to set the record straight.
Tomorrow may be a better day.

AIMHO of course.

GLA.
Wacky

BillyRayVal,

Totally agree,
It gives the greens a get out clause which they can hide behind, but also more importantly will give the green light to the finance industry to open the coffers to the investment of gas, infrastructure and related projects, but I don’t think if it gets approval covers fracking.

Roll on Thursday.
IMO.
Atb
Wacky.

Morning all,

Morocco, it is what it is, I agree with other posters it could allow a bit of wriggle room, but I imagine Paul will be chomping at the bit nonetheless.

The gas will still be there six weeks or so further down the line.

Speaking of which the Irish Government may be thinking in hindsight they had a plan B as in a gas resource to call on if things didn’t go quite according to plan with the energy sector in keeping bills at a reasonable level.

This article claims it will cost £170mn in subsidies to be paid directly to the energy companies to ease the burden of the people’s of Ireland.

Ok, a bit of a sweetener, but I imagine it will have to be repaid at some point by the taxpayer, but also how many more times will government step in to make payments because of … (lots of reasons) and is this payment reflective of a really bad winter.

We all do tend to vote with our pockets in who we want to be in government, in whichever country we reside.

Food for thought for the coalition.

https://m.independent.ie/irish-news/politics/governments-100-electricity-bill-subsidy-will-be-paid-directly-to-energy-firms-41147403.html

AIMHO of course.

GLA
Wacky.

Hi all,

Minister young, on the road again and once more pushing co2 sequestration.

https://mobile.twitter.com/StuartRYoung1/status/1470485088089657347

Feels like some momentum is building, on more than one front, Trinidad included.

AIMHO of course.

GLA.
Wacky.

Great find MK111

This statement
“ has secured agreement in principle to use GNI’s terminal”

I may be wrong but can’t remember an rn issuing as such, definitely a step in the right direction.

IMO of course.

Atb
Wacky.

Morning all,

Co2 contract with Massy as per rns.

https://www.lse.co.uk/rns/PRD/interim-financials-for-6-months-to-30-june-2021-snn1hgtmyf4l2ft.html

Exclusivity over surplus liquid CO2 supply extended until 2023.

CEG will have to play ball or there may be consequences.

AIMHO of course.

GLA.

Wacky.

Morning all,

Game on in Trinidad,

http://newsday.co.tt/2021/12/11/energy-minister-4-firms-vie-for-pointe-a-pierre-refinery/#.YbU5eXj9XUc.twitter

Minister Young certainly has the wind in his sails, reforming the energy sector from top to bottom and CO2 sequestration is right in the mix.

AIMHO of course.

GLA.
Wacky.

SevenDragons.

Good point, but I think we have friends in high places.
The PRD timeline speaks volumes.

IPO
Russians come sniffing about Maghreb pipeline.
@ four weeks later the Guercif license is signed.

I laid it all out some time ago in a previous post.

I’ve said it before and will say it again.
Morocco is incredibly important to the U.K.

AIMHO of course.

GLA
Wacky.

Morning all,

Straight out of the blocks after the announcement in the past few days by the Irish government the need for more gas fired power stations and lo and behold planning submitted already.

https://www.rte.ie/news/business/2021/1202/1264524-permission-sought-for-new-gas-power-station-in-dublin/

Bodes well.

GLA
Wacky

Thanks Thunder.

Wacky

Wtf

directors talk

Without the space