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Lets say there is gas in those 4 zones of the jurassic, the share price will go crazy, im confident they will find gas.

What makes it interesting is that the jurassic carbonate structure does indeed hold good quality gas, its been proved. Now the theory is how big?

Im surprised that the sp hasnt moved yet just solely on potential. 6tcf is a massive prospect. I think by tuesdau they would drill the prospect, so news anytime

Cash balance, at period end of £4,352,190 (2023 year end: £6,484,034)

A further £1,186,155 (US$1,500,000) held as restricted cash

Predator Oil & Gas Holdings plc (LSE: PRD), a Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce that it has conditionally placed 40 million new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 5 pence each (the "Placing Price") to raise £2 million (before expenses) (the "Placing").

Predator Oil & Gas Holdings Plc (LSE: PRD), a Jersey based Oil and Gas Company with near-term drilling operations focussed on Morocco and Trinidad, is pleased to announce that it has conditionally placed 50 million new ordinary shares of no par value in the Company (the "Placing Shares") at a placing price of 4 pence each (the "Placing Price") to raise £2 million (before expenses) (the "Placing").

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Do the maths, it cost $2.4m-$2.8m to drill this well..

Nigel

Why would this goto 1p-1.5p if no gas in mou 5? That would equate to 10m mkt cap which i believe is really crazy. After drilling mou 5 they would have £5m and they can quickly go and commercialise mou 3, the ceo has implied they have interested party.

Mou 3 shallow zone is highly pressurised, they confident gas will flow from there, with small development cost they can easily monetise it.

20m mkt cap should be for mou 3 only..

Anti-Venom

1p is a mkt cap of 6.6m. Stay off the coolaid. :)

They will have £4-£5m in cash.. what do you value mou 4 and mou 5? Hahaha.

Mou 5 has not been priced in, its world class prospect let stick with facts. Rofl..

Fact is Titanosaurus is a world class prospect, its onshore and only costs $2.8m to drill.

A decade ago in uk mkt this stock would have been trading 10 fold just on the potential.

Sdx usually finds small pockets of gas and sell the gas in morocco, the wells empty in less than 6 months. They currently looking at 59bcf prospect and they call that large, Prd already have way more contingent resources and they can sell their gas off in cng mkt.

Prd has been oversold, im convinced they will find gas even if its not multi tcf they will still have cng market to sell.

They drilled mou 4 and derisked the current well mou5, Average porosity was 19.9% and average gas saturation 56% in mou 4.

They drilled the jurassic at sub optimal location, downdip 200m from the crest. Not long to find out. There will be gas.

Why isnt the forum talking about this rather than share manipulation. With the right news the sp will react.

Edit:

$1.3bn revenue net per annum to prd for gas..

The Jurassic structure is the size of central london, in situ value of $1.3bn gas and $30bn in helium.

Huge the market has priced any potential too it.

Forget Peel, lets talk about the prospect, prd already encountered good reservoir in the Jurrassic carbonate, was drilled at the edge of the zone.

Getting very excited,

They have stated it will take upto 12 days to drill but i think they will get there by day 8. So tues...

This video was 1 day after spud.

The question is how big in my view.

Mou 4 penetrated the end of the jurassic carbonate structure. They found a good gas reservoir 2m long, when they drill the sweetspot i wonder what they get?

Lets say they find similar amountnof gas to mou3 and 4 and not the 6tcf, will the market punish the sp?

Its already massively oversold.

Mrninjazx6

It was rather strange threathening mm's by the ceo. It didnt help raising cash one month before the drill.

Now that they are drilling an exploration well the mm's have upper hand. Lets see how it pans out.

Silverfoil

They raised last month so there is an overhang.

I think by tues they will reach td. Mkt cap being only 22m its a free run at mou 5.

Ive not seen any hyper ramping goin on since ive been here.

The fact is this is the largest onshore prospect in the world for 2025. This is not ramping but facts.

Middleeastmoney

They will perforate the shallow zones in the MOU 3 and get that into CNG market. They already have large investor for the CNG.

Porter

"Naive investor" are you kidding, the largest onshore prospect in the world in 2025, well only costing £2.17m is nothing money compare to the reward.

Cash balance

£5.5m in june.

Further £2m raised in nov and £2m more in feb.

Well cost £2.17m.

Prd are in sound financial position. Poster here saying its do or die are fudsters.