Member Info for wraith

Oil price at US$95.94 a barrel ( https://oilprice.com/ ),.....I don't see Oil dropping back in price, anytime soon,....with Darwin breakeven at US$35 a barrel, licence extended, lack of oil exploration investment, in the sector, in recent years,.....BOR Market Cap of £5m (with existing Darwin Discovery),.....oil could reach US$130+ according to this guy ( https://youtu.be/hYhiHISlryg ),....BOR, now looking very cheap, (IMO).

Extract,
"Oil production capacity will become a market feature in late 2022"

"The under-investment in oil production capacity is also being fostered by false hopes that global oil demand has made (or will soon make) a peak and then fall into secular decline."
Source: https://www.arabnews.com/node/2011306

BW

Your welcome, Metalhead25,.....I was particularly pleased, with the rare earths news,.....been wanting more exposure, to rare earths in our portfolios,.......Australia location, makes it even better.

BW

Hi Ephemeral,.....when I bought back into RKH, it was for the arbitration result,.....I had a target exit figure of about s/p@32p approx, if it was £100m Net to RKH coffers,.....with Sea Lion, now looking to have much better odds, than when I bought back into RKH, for the arbitration result,.....with the price of oil, I now see that level (£100m Net) of award, as a valuable key, that will help unlock RKH acreage's,.....as I have said before, RKH owe us nothing, but the old DES acreage does,....in light of the improved outlook (IMO), for RKH acreage's, I will not be selling any of our RKH shareholdings, on a positive arbitration outcome,.....changed strategy, here for the full journey now.

BW

We have a six figure, RKH shareholding, Neilius,....so, I want RKH to win,.....I also believe, if RKH had lost, we would have heard the result last year,.......but, reflecting on my past experience, mentioned in my previous post, I am not taking anything for granted.

BW

Majority decision,.... a previous arbitration case, where we had a shareholding exposed to arbitration, was decided by a majority decision,....unfortunately, for us shareholders, in that arbitration case, the dissenting arbitrator, would have found in our favour,....the other two arbitrators, found against (against, was one arbitrator from USA & one arbitrator from France, if memory serves me well) us,....so, us shareholders in that case, got nothing,.....in that arbitration case, the decision was geopolitically influenced, (IMO),.....I believe RKH should win, but not taking it for granted,.....hopefully, we will soon know.

BW

Should read:
you can "hear" this fact confirmed, by the Cobra CEO.

BW

Hi Metalhead25,.....as bitcoinbuyer points out, COBR already have 65%,....now we are in the process, of taking that up to 75%,.....if you listen to, "Cobra CEO presents Clarke drilling results", from 4:18 into this presentation link, https://youtu.be/RuBShTTak3U , you can here this fact confirmed, by the Cobra CEO.

BW

Thanks for posting link ( https://mining.com.au/andromeda-and-cobra-team-up-to-identify-rare-earths-at-wudinna-gold-project/ ), mala1969,......excellent result, I wanted exposure to more Rare Earths, in our share portfolios.

BW

Yes, still waiting to relaunch the farmout:

Extract,
"All work commitments on FEL 3/19 have been fulfilled and, subject to regulatory approval, Europa’s forward plan will be to include FEL 3/19 in a relaunch of the farmout of its strategic position in the Slyne Basin."
Source: https://www.europaoil.com/operations/ireland/fel-3-19/

Extract,
Inishkea prospect in FEL 4/19 in the Slyne basin
Triassic sandstone (gas)
Term 15 year Frontier Exploration Licence:
"We consider the Inishkea prospect in FEL 4/19 in the Slyne basin and near the Corrib gas field our flagship project in Ireland. The Triassic gas hydrocarbon play is well understood and proven to work both technically and commercially in the Slyne basin by the Corrib gas field. Therefore, play risk is lower than in other Atlantic Ireland basins where play risk remains to be conclusively proven by a commercially successful exploration discovery. Europa therefore views the Licence as low risk exploration in a proven gas play."
Source: https://www.europaoil.com/operations/ireland/fel-4-19/

Agree, Wressle is a very good result, for EOG,.....but we are mainly, holding, both EOG & PRD shareholdings, for exposure to Corrib.

BW

You are welcome, Footandmouth.

Hi, middleEastMoney,.....yes, I do remember ("PG stating world class partners lined up"),.....with Ireland & Morocco, just one of them would be good,.....very comfortable, holding PRD shareholdings, myself.

BW

Thanks for GBP tweet link ( https://mobile.twitter.com/PetroleumGlobal/status/1491075814443872257 ), ogm4.

I will see GBP, through to drill results, iamrich.

At present, there are 812m shares in issue, s/p@15p would give us a Market Cap of £121.8m, ARahim,.....that would still not temp me, to sell out completely, but would have probably have top sliced, to free GBP shareholdings, at that Market Cap level,.....leaving the remainder, free, GBP shareholdings, in for drill results,......my dream is, "Sky Is The Limit" ;0)
Tune: https://youtu.be/P8JrirBz9Pg

BW

Hi Footandmouth,.....I first bought into PRD (about 2018), when PRD cornered the CO2 market in Trinidad,.....they did not have Morocco back then, they were around s/p@3p with 100m shares in issue, from memory,.....I first heard Paul Griffiths mention Corrib South, in a 2018 Directors Talk interview (dated August 1, 2018), I will put the link to the interview below, you will probably have to insert / / d i r e c t o r s t a l k . n e t / to make it work,.....from 04:56 into interview, Paul talks about Corrib South,....the guidance given:

"In the highest case Corrib South could create £3.5 billion to £4 billion sterling worth of Gross Revenue, even at very conservative Gas Prices",....that's 2018 Gas Prices he is talking about,....the potential upside is enormous, at today's Gas Prices (IMO),....he goes on to say, Corrib South could be ‘the big one’ dwarfing all its other projects,.....but we did not have Morocco back when interview was made.

Interview link: https://*************.net/interview-predator-oil-gas-holdings-positive-results-but-corrib-south-could-dwarf-everything

BW

We have also been holding COBR shareholdings, for quite awhile,..... presentation guidance , that the rare earths found to date, could be just the tip of the iceberg, I also noted,....I'm not forgetting, those IOCG targets either,.....our COBR shareholdings, will be staying locked away in our two ISA's, indefinitely, ( https://youtu.be/RuBShTTak3U ).

BW

Your welcome, JH77.

BW

Hi LochNez,....don't follow the board you mention,....agree, it's good to see the positivity.

BW

With 7,855,486 Options, exercisable at 5.66 pence per share ( https://www.londonstockexchange.com/news-article/PRD/issuance-of-share-options/15307534 ),.....that's given me a nice target s/p level (s/p@5.66p), to average up to, should I decide to increase our PRD shareholdings.

BW

Nice to see our s/p moving back up,.....got our PRD shareholdings, tucked up in a couple of ISA's, & that's where they are staying,.....with Ireland's nine new gas power stations, ( https://www.irishtimes.com/business/energy-and-resources/ireland-to-get-nine-new-power-plants-by-2024-to-prevent-shortages-1.4794039 ), being targeted to be built by 2024,.....we are holding PRD, for, "Atlantic Margin - Corrib South" ( https://www.predatoroilandgas.com/operations/ireland/ ), regardless of what happens, with our other assets.

BW

Here is the link ( https://www.londonstockexchange.com/news-article/LOGP/holding-s-in-company/15320636 ), JH77,......looks like a very tiny disposal (of 114,000 LOGP shares), by Cantor Fitzgerald Europe.

BW

should read:
claiming a minimum of US$40m to "US$50m" sunken costs, plus US$200m to US$300m lost profits.

BW

Your welcome, ThenShen,....hopefully, we should soon have the RKH arbitration result,....from memory, RKH are claiming a minimum of US$40m to US50m sunken costs, plus US$200m to US$300m lost profits.

BW