Member Info for welloilbeefooked

The directors have virtually no skin in the game. If they’re not buying at this price neither am I.

GGG - trading in and out is your method and at least you're open about it. Leaves you open to the risk of a decent asset sale, takeover, transformational acquisition etc which would generate a rerate. Different horses for different courses. Think we'll all make money here in the long run.

I think Paul thinks different CoS and I know who has the most up to date informaion and data.

Now over 50% if I’m reading that correctly. Hope that allays some of your fears Jimmy?

Why would anyone in our management team be vaguely interested in the north sea? Fiscally it’s done for years to come. .

I’m not impressed, thecut in capex last year means production is down around 15%. A much larger capex this year should fill the gap but there will be a time lag and I can see this drifting down again through the next quarter.

Mumbo - look outwith Predator - big players at country level

MJ - you do know the make up of shareholders involved in this venture don’t you? If not, I’d suggest going back and doing some more research.

ATB

Thebold - absolute nonsense.

Thebold, have a read at this and then have another think about why PG used perforating first as part of the plan to then use SJ - https://www.moroccoworldnews.com/2024/01/360389/predator-oil-amp-gas-to-scale-operations-in-guercif-following-positive-report

Are our North Sea losses commercially valuable to others? Rather than walk away from the licence could we sell and the buyer uses the transferred losses to offset against profit? Not sure how things stack up on licence transfers in the NS.

The savings they would make by closing the UK operation would easily cover the impairment charge going forward. Indeed they could comfortably raise the dividend in my opinion. The North Sea is essentially closed for new business, probably for years to come so let’s bite the bullet Majid.

Stas, have you considered why the consensus across the Canadian gas sector is so bullish on pricing going forward? Could it be that an army of professional analysts have more insight than your good self? Could it be a masterstroke that i3e are going after low cost gas to sell into a rising market coupled with the ability to pivot to oil if required? I trust Majid and the board to make decisions in our best interests, I suggest you do the same.

The gas export markets from Canada will be transformed by the new LNG hubs coming onstream starting in the next few months with LNG Canada in British Columbia - there are also another 7 LNG export hubs coming onstream in the next few years. Forecast gas prices look low to me in today's rns.

https://natural-resources.canada.ca/energy/energy-sources-distribution/natural-gas/canadian-liquified-natural-gas-projects/5683

Total over reaction to this morning’s rns. Market cap now under £140m. Wash out the weak holders and thepatient will see the rewards.

Looks to me like they’re on the prowl for low hanging fruit. Export markets opening up in the coming 12/24 months should be extremely accretive if we can pick up assets now while AECO is in the gutter.

AIMHO

GLA

Jimmy, could it be that the exact location (which we haven't been informed of yet) of the proposed jurassic drill will have a far greater chance of success because of it's proximity to MOU-3/4 ?

I'm just wondering if there's an element of killing two birds with one stone here.

GLA

The quarterly divi represents a cash outflow of just over 2% of today's market cap so in theory the drop tomorrow should equate to roughly 2% as well. If it drops substantially more than that I'll be buying and wait for the market to catch up.

I think we’ll see a rerate over the next year or so, particularly with the completion of the LNG export terminal in 2025 - that's a game changer imo - opens up new markets in Asia and far less reliance on the USA. Short term, plenty of news to come and quarterly Canadian reporting should see the sp moving in the right direction.

Https://www.moroccoworldnews.com/2024/01/360389/predator-oil-amp-gas-to-scale-operations-in-guercif-following-positive-report

I know this link has been posted before but PG’s comment caught my attention:

“The initial phase is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed.”