Member Info for wraith

Good to hear, porkpies,.....if EOG can get an Inishkea farm out,....along with Wressle, going from strength to strength,.... Serenity spud due any day now,.....Morocco ?,......with Wressle, already a success story,......an Inishkea farm out, or Serenity success case, should be a rather rewarding experience, for us LTH.

BW

Thanks for the latest presentation link, ( https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/09/Proactive-Presentation-Final-8-September-2022-LATEST.pdf ), Breezer32.

BW

The only presentation I could find on the website, is dated September 2021, ( https://www.predatoroilandgas.com/ ),.....which I thought was excellent,....initially I thought it was the up to date presentation, until I spotted the date.

BW

I noted them, HappyInvestor100,.....s/p@14p, don't see much downside,....with the arbitration win known & Navitas update to come.

BW

Excellent presentation ( https://www.predatoroilandgas.com/ ),.....I had mainly been holding PRD, for Corrib exposure,......now I would/will hold PRD, just for their Morocco exposure, regardless of the outcome, with their others, (Ireland / Trinidad).

BW

I see this second rescheduling, as positive,....waiting for near term news,.....when reading this part, of the news letter;-
Extract:
"this is especially
the case in respect of our long-held
business development objectives in the
Republic of the Congo, where we expect to
be awarded a new 25-year licence for the
Tilapia oilfield"
Source: https://www.zenithenergy.ca/wp-content/uploads/2022/07/Newsletter-August-2022.pdf

BW

Hi KeithOz,....the other nearby reservoirs, that they refer to, I believe are:

https://www.predatoroilandgas.com/operations/ireland/

https://www.europaoil.com/operations/ireland/

BW

Thanks for the new broker RKH s/p target (s/p@40p) link, r1234,....its a start, in the right direction,....just waiting for Navitas update now ( https://www.upstreamonline.com/exploration/navitas-takes-big-bite-out-of-sea-lion-project-offshore-falklands/2-1-1118346 ), once positive news received, on this front, the future is looking very good, for RKH, (IMO).

BW

Hi middleEastMoney,....yes, at current gas prices, the figures are quite staggering.

BW

Hi thewackmiester, interesting article, I had read another article, along similar lines,.....95% of the hydrogen produced in the United States, is made by natural gas reforming, in large central plants, according to this article ( https://www.energy.gov/eere/fuelcells/hydrogen-resources ),...."Natural gas reforming is an advanced and mature hydrogen production process that builds upon the existing natural gas infrastructure",....I have always thought, surely, Corrib Gas, could be used in this way, which is one of the reasons, we have shareholdings in both, PRD & EOG, for their Corrib exposure.

BW

I certainly have not discounted Ireland, thewackmiester,....I initially bought PRD, when they cornered the CO2 market in Trinidad (before PRD had Morocco),....but, the main reason, I have retained, a free PRD shareholding, is for Atlantic Margin - Corrib South ( https://www.predatoroilandgas.com/operations/ireland/ ),.....in this Directors Talk interview ( https://*************.net/interview-predator-oil-gas-holdings-positive-results-but-corrib-south-could-dwarf-everything ), dated August 1, 2018, from 04:40 into the interview, the guidance given is: "in the highest case, Corrib South could create three & half to four billion sterling worth of Gross Revenue, even at a very conservative gas price, of approximately 75% of today's gas price", he is referring to 2018 gas prices there,....he goes on to say, Corrib South could Dwarf everything else that PRD had,....I will continue to hold PRD, regardless of what the outcome is, with Morocco.

BW

Yes, Saturday 10th,....should have October drill result, not long to wait, looking forward to that,....regardless of result, we will carry on holding EOG, for Inishkea prospect in FEL 4/19 in the Slyne basin and near the Corrib gasfield,.....with Wressle costing about US$9 a barrel to produce ( https://youtu.be/m9zdzYygrzY from 38:33, towards end of interview, guidance about US$9 a barrel to produce), we will hold EOG, for Wressle alone.

BW

Agree Ovets ("There's no prospect of RKH going bust any more, which seemed possible not long ago"),....as there was, when this analysis ( https://youtu.be/9VY9Yh-qfRE ) was done, earlier this year,....once Navitas get Sea Lion into production, the upside is Huge, (IMO).

BW

Could be Chitta123,....although if it was, I would have expected PET, to have also been increasing,.....we are holding both CLON & PET shareholdings, for their Tano 2A block Ghana (CLON 60% & PET 30%) interest,.....could be one of the others (Bolivia or Australia), where PET have no interest.

BW

It's always nice, to be given the chance to participate, when an open offer, accompanies a fund raise placing, CharlotteB,....I took the recent RKH s/p@7p open offer up, plus warrants (s/p@9p) & would have done the same here at PRD, had I been given the opportunity,.....nevertheless, the Funds have been raised, which is good (IMO), with Morocco & Ireland potential.

Energy crisis: Corrib gas field operator tells Taoiseach Michéal Martin they can extract fuel for another decade
Source: https://www.independent.ie/irish-news/energy-crisis-corrib-gas-field-operator-tells-taoiseach-micheal-martin-they-can-extract-fuel-for-another-decade-41945944.html

"The executives also put forward a case that further exploration in the Corrib region using two existing licences could extend the field for another 20 or even 30 years"

BW

Yes, there has been dilution,....after sea lion oil discovery (RNS, dated 6/5/2010),...690,000 options were exercised, at s/p@54p (RNS, dated 11/5/2010), resulting in 174,774,954 shares being in issue, at that time,....from memory, RKH shares then rose to about £5-08p,....with the current shares in issue, of 582,000,000 approx, I have an equivalent high, allowing for dilution, of about £1-52p penciled in.

BW

Surprised, yes 0rient,....disappointed, no I increased our RKH shareholdings Friday, (s/p@14.3249p).

BW

Hi Decolady,....yes, the three survivors, from back then.

Tune for weekend: https://youtu.be/Kc71KZG87X4

BW

Lets hope its a prosperous journey, donalb,.....as HappyInvestor100 has just posted, RKH has a lot of acreage.

BW

Thanks for that broker report figure, 42trader,....that's almost identical, to the figure my quick calculation came to, which I posted last week;-

"24 Aug 2022 22:19
Excellent arbitration result ( https://www.londonstockexchange.com/news-article/RKH/successful-arbitration-outcome/15599399 ),.....I've done a few quick calculations, on the EUR 190mm award figure, using 3.5% compounded over a 7 year 7 month period, then converted to £ (1.19 Euro),....I get a total figure of £207.3m approx, multiply by 80%, giving a net figure of £165.8m approx, to RKH,....much better result, than I had anticipated."

BW