Member Info for voskos

I have 3 simple questions for PG and LB.. perhaps Lonny can take a picture of the site and post on twitter !!!

1) Has PRD received all the permissions to construct the well pad.
2) If so has construction commenced.
3) if permission received but not yet started construction then why not.

The cash flow forecast includes underlying assumptions and estimates, including oil price, sustained production from the Group's producing fields in Trinidad and Tobago along with certain incremental production from the intended work programme, reliability of reserves estimates and renewal of licences upon expiry.

In addition, the projections assume offsetting of certain tax liabilities and deferral of certain historical liabilities in Trinidad and Tobago that the Directors believe are either not likely to require settlement in cash or are capable of being deferred and settled on long-dated payment terms so as to not require material amounts of cash during the forecast period.

Certain of these items are outside of the Group and Company's control and unfavourable actual outcomes may materially and adversely affect the Group's cash resources and cast significant doubt on the Group and the Company's ability to continue as a going concern. In such an event, the Group and the Company may be required to implement certain other measures including, but not limited to,

i) raising additional third-party capital in form of equity, debt or other instruments of a similar nature, and / or

ii) undertake cost reduction, and / or

iii) sell certain assets of the Group,

and a successful outcome of such measures cannot be guaranteed.

These financial statements do not include the adjustments that would result if the Group or the Company were unable to continue as a going concern.

Nic.. thanks. I was surprised that they replied however as you say... No More Speculation.

confirmation direct from Star Valley in reply to my email...

Good Morning from Calgary!

Star Valley Drilling Rig #101 is not drilling with SDX.
We will be going to work of Predator in the near future!

Regards,

Correct TT-T …. Price drifted down to £2.50 within a very short period then stayed stagnant for a while before going back up. It’s so long ago that I can’t remember exact figures but it taught me patience in this game. As long as you believe in what you’ve invested and trust management then it’s just patience.

Back in early 2000 a very good friend of mine told me that a client of his had told him to buy WF Electrical as it was a possible takeover target. I purchased shares at circa £3 from memory and as soon as I bought the price started to drift down. I waited 6 months until the price hit my original buy in price and I sold straight away thinking I'd been fortunate to get my money back.. the following week there was an announcement that a Dutch company had made a bid of £5.65 a share for the company... you can imagine how I felt BUT I won't be making the same mistake with PRD..... Patience is key!!

https://m.youtube.com/watch?v=wJAcDVqykZ8

Anyone seen Chariots RNS this morning?.... material increases in gas reserves..

Zak Mir interview May 2019 with PG ….. How significant is the Irish Asset to a strategic buyer 3 years on….

Paul Griffiths, CEO at Predator Oil & Gas highlighted the unique mix and balance in the Predator portfolio, given the balance between project development and production the group now has. In particular, he suggested it is likely to be the case that production coming on stream over the next year from Trinidad and Morocco will go to fund the ongoing development of its offshore Ireland asset.

Given the significance of its Irish asset in terms of the potential value to a strategic buyer, Griffiths feels that Predator’s current offering is unique amongst its corporate peers, over and above the Enhanced Oil Recovery process it employs in Trinidad.

MOU-4 to Mag Mell. …..now that would be something!

https://iea.org.uk/media/norwegian-gas-strike-shows-the-danger-of-the-uks-dithering-on-domestic-drilling-says-iea-energy-analyst/

Fordy I believe it to be a relevant question but not necessarily a negative one as the reason could well be due to the negotiations going on.

yes it is possible that they may not need to order them given who they may be talking with hence the pending order...

The order of these items still being prepared.... why haven't they been ordered yet? What could they be waiting for?

"Source of long-lead well inventory items identified and purchase orders being prepared."

I think the accounts will make interesting reading especially the bit about liabilities….

Challenger Energy (AIM:CEG), the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and exploration assets across the region, advises that AIM Regulation has granted the Company an additional period of up to three months to publish its annual audited accounts for the year ended 31 December 2021. This additional period is in view of the continuing adverse impact of COVID-19 in the Company's various countries of operation.

The Company must therefore publish its annual audited accounts for the year ended 31 December 2021 by 30 September 2022, however, will endeavour to do so as soon as possible.

Check out RNS from Chariot… 3 times more gas than first thought!!!

what if the £50k shares are worth £400k by July thus enabling the purchase of the share options... just a thought!!

“Options issued on 31 January 2022 are exercisable at 5.66 pence per share, being the closing mid-market price on 28 January 2022, and will vest after 6 months.”

Could the above be the reason why Cube is stating May/June…. If value is realised before the 6 months what benefit does Lonny get.

This might be an appropriate time to post the MC post on Reddit if not previously posted... just a thought!