Member Info for Yuri1

Holy moly!…..

If that’s the case F&M then you have boosted my theory…

(*) https://youtu.be/_4AdyFj22l8?si=-YrgzyjwG0tJgvDX

Listen: 9:40 - 12:00.

(*) Then after this we appointed our new secretary….

“According to Sarah Cobden, Equiom’s Head of Corporate & Executive Director, their role is not just administrative but also about supporting Predator’s strategic ambitions.”

This suggests Equiom will help Predator navigate potential partnerships, acquisitions, or even a future move toward more complex financing structures.”

(*) Now look at the bottom of slide 4 on the presentation…

“Agent appointed to market PRD gas and helium discoveries…” (6 month exercise)

So back to my theory…. Is I think Paul is looking at some sort of sale/partner to finally deliver monetisation.

MOU6 feels put back, but why?

Waiting for what could be monetisation will fund the MOU6 drill which after all the planning and now understanding the of the mud, should be the golden goose.

All theory of course but that’s part of the game, trying to figure out what he’s up to.

I say wells, i mean the acreage that we hold with the MOUs…

So you’re saying that regardless of the formation damage, the data gathered could still lead to the wells being worth a decent amount of money?

A question which I wish I put forward and I would have worded if differently but I’m going to word it so you can get the gist of what I’m getting at.

This may of been answered before, so apologies if so…. But if anyone can hazard a guess please voice your opinion.

*****

When driving, we always check our mirrors… especially before making a manoeuvre.

Or if you’re building something out of wood, you measure before you cut?

Simple basics really….

So why on earth with all of the DECADES of experience that Paul has….

Why didn’t he test each well first before moving on the to next?

The formation damage could have been solved before MOU4 was drilled maybe sooner?!?!

I say again, a extremely high experienced man taking that route.

Did you put on a old set of combat 95s and plan this in a treehouse?

Here’s your clue…

“According to Sarah Cobden, Equiom’s Head of Corporate & Executive Director, their role is not just administrative but also about supporting Predator’s strategic ambitions.”

“This suggests Equiom will help Predator navigate potential partnerships, acquisitions, or even a future move toward more complex financing structures.”

NOT JUST ADMIN.

Go figure…

They applied the wax treatment to the Jacobin-1 well, which is situated within the Cory Moruga.

Remember that this will hopefully triple the current output.

Double as a conservative forecast…

Either way it will help suppress the current cash burn.

SGN Wax Treatment Performance – Initial Results

Production Impact from First Workovers:

After applying the SGN wax treatment in the Jacobin-1 and Snowcap-1 wells, production was established at around 16 barrels of oil per day (bopd). This was from the first two workovers, following regulatory approval and preparation.

16 doesn’t sound very much but this was a trial run to see if it even worked and it did!

The 16 bopd output from the initial workovers confirms the treatment can restore production, though still modest in absolute terms.

Predator is banking on applying the SGN wax treatment at scale across its Trinidad wells to significantly boost production and thereby profitability.

Predator aims to replicate results of up to a threefold increase in oil flow rates, as achieved in some Saudi Arabian fields with the same technology.

With all 10 wells having this treatment, we will be making a sensible profit.

In a nutshell…

Predator didn’t buy the Trinidad assets because they’re highly profitable today… it bought them because:

They were cheap to acquire.

They bring steady cash flow that can be improved with Predator’s technology.

They provide a platform to support larger, higher-upside projects in Trinidad (especially Snowcap-3).

So, it’s less about short-term profit and more about leveraging underperforming assets into a growth engine.

Highland Matt - The running / operating costs for Challenger Energy’s Trinidad asset (specifically, the Goudron and Inniss-Trinity fields) during 2023, based on the company’s disclosures, were approximately US $275,000 to $325,000 per month in cash costs, this includes workovers, repairs, and maintenance variations depending on field activity levels and monthly needs.

2024 Performance

Production stayed steady, and operating expenses plus G&A were largely the same as in 2023. The operations achieved cash-flow breakeven.

The big question is why did Predator purchase an asset with low profitability?!

It might seem odd at first that Predator would buy Challenger’s assets given their history of only breaking even. But looking closer, there are strategic reasons why this acquisition could make sense for Predator even though the assets were low-profit under Challenger.

1. Low-Cost Entry & Opportunistic Timing

Challenger Energy was under pressure to reduce debt and streamline operations.

Predator structured the deal with minimal upfront cash (small deposit + share-based payments + assuming $4.25m liabilities). Most payments are deferred or contingent, so Predator isn’t risking large capital from day one.

This makes it a cheap way to acquire producing assets compared to drilling new wells from scratch.

2. Existing Production = Instant Cash Flow

The assets are producing 272 barrels of oil per day.

While Challenger struggled to make them profitable due to overheads and limited capital, Predator can:

Integrate operations into its existing Trinidad team, lowering costs.

Use this steady production to fund ongoing projects, including the high-impact Snowcap-3 well.

Even modest improvements in output or oil price would make the cash flow meaningful for a company of Predator’s size.

3. Operational Leverage Through Technology

Predator already trialed CO2 EOR (enhanced oil recovery) and has SGN wax treatment tech that can boost flow rates and recovery efficiency.

Applying these proven methods could significantly increase production without major capex.

Challenger didn’t have the balance sheet to fund these programs properly…. Predator believes it can.

4. Strategic Fit with Trinidad Portfolio

Predator is already active in Trinidad with CO2 injection pilots and local partnerships.

Owning producing fields gives Predator:

Local credibility with regulators and partners.

Infrastructure access (pipelines, facilities).

A platform for growth, consolidating their Trinidad focus.

5. Upside from Exploration & Development

The Snowcap-3 appraisal well (planned 2026) could unlock 1.4m bbls (2C) to 12.9m bbls (2P) recoverable reserves.

Predator intends to use cash flow from these acquired assets to fund that drilling.

If Snowcap-3 succeeds, it could transform the economics of the whole portfolio….the producing assets are essentially a bridge to that bigger prize.

Forecasted Near‑Term Revenue (Post‑Acquisition & Workovers)

The acquisition of Challenger’s fields will bring 272 barrels per day into Predator’s portfolio.

Workovers and Enhanced Production:

They anticipate production uplift through technology like patented SGN wax treatment and CO2 EOR, with the potential for a significant increase in production (e.g., up to 100% boost in Inniss‑Trinity).

Financial Forecasts:

In its year‑end 2024 financials, Predator noted that once production begins (e.g., from Cory Moruga and acquired fields), the Trinidad licences are expected to become self‑funding. Two production forecast scenarios…Base Case and conservative Upside Case….are presented, assuming enhanced production via wax treatment.

However, specific revenue figures or per‑barrel pricing assumptions are not provided in those public forecasts.

Estimates Based on Common Oil Pricing (WTI-linked)

We can make a rough revenue projection using industry averages. From Predator’s disclosures:

WTI average price in 2024: approx. US$76.62 per barrel. Predator typically realizes around a 10% discount to WTI, meaning roughly US$69 per barrel received.

Example calculation:

272 bopd × US$69 = US$18,768 per day

Over a year (365 days): US$6.85 million annually

If enhanced production lifts output for example, a 50% uplift:

That becomes 408 bopd = US$28,160 per day = US$10.3 million per year

If production doubles (as seen in some CO2 EOR pilots):

544 bopd = US$37,536 per day = US$13.7 million per year

Key Caveats

Oil price volatility: If WTI dips or rises significantly, realized prices (after discount) will shift accordingly.

Reservoir productivity: Appraisal wells like Snowcap‑3 may uncover substantial resources (1.4 M 2C, 12.91 M 2P barrels), but revenues from these are speculative until development commences.

Bottom Line:

Base‑case estimate (272 bopd): US$6–7 million/year in gross revenue.

With production uplift: possibly US$10–14 million/year, depending on execution and oil prices.

Future upside: Snowcap‑3 and Snowcap workovers could materially increase production and revenue but remain speculative for now.

Status of Predator Oil & Gas in Trinidad

1. Pending Completion of Acquisition (Challenger Energy Group)

• Predator has entered into a definitive agreement (February 2025) to acquire 100% of Challenger Energy Group’s operations in Trinidad and Tobago, including the fields Goudron, Inniss‑Trinity, and Icacos, averaging around 272 barrels of oil per day (bopd).

Regulatory approval was initially expected by 30 April 2025, but was extended to 30 June 2025 due to a snap general election and subsequent government transition.

The long-stop closing date has now been further extended to 7 days after approval, with a firm cut-off of 30 August 2025. (Just 1 day away, so news is imminent).

2. Operational Preparations Underway

In anticipation of closing, Predator and Challenger have begun collaborative work on the ground in Trinidad to ensure seamless integration once regulatory approval arrives.

Technical and commercial reassessment is underway, with a focus on preserving cash, maintaining a debt-free status, and leveraging near-term development projects in Trinidad.

A key upcoming move is the planning for the Snowcap‑3 appraisal well, targeting reservoirs adjacent to BP’s Moruga West field. Preparations are underway, and the company aims to drill the well in Q1 2026, pending available financing, rig certification, or partnership opportunities.

3. Existing Onshore Production Asset: Cory Moruga / Snowcap Discovery

• Predator currently holds 100% interest in the Cory Moruga licence onshore in Trinidad, which includes the Snowcap oil discovery, an undeveloped field with significant oil in place and substantial untapped potential.

The company has conducted site investigations, evaluated old well infrastructure, identified candidates for fast‑tracked well workovers, and assessed oil production facilities and logistics for monetisation.

Predator is also pioneering Enhanced Oil Recovery (EOR) efforts in Trinidad, having demonstrated a successful CO2 sequestration pilot project at Inniss‑Trinity in 2021.

**Snowcap and MOU6 will be around the same time**

How much revenue will this generate?

Revenue from the acquisition of Challenger Energy’s assets (Goudron, Inniss‑Trinity, Icacos) expected to add 272 bopd.

Revenue from workovers and enhanced production (e.g., using SGN wax treatment, CO2 EOR).

Potential revenue from the Snowcap‑3 appraisal well (targeting significant 2C and 2P reserves).

Current or near‑term revenue from the Cory Moruga licence and Snowcap.

Let me break down what we know, based on reliable public disclosures:

Actual Historical Revenue

Challenger Energy (pre-acquisition):

In the first half of 2023, net petroleum revenue from Challenger’s Trinidad operations was approx.

US$1.88 million, based on around 320 bopd, reflecting lower oil prices at the time.

So basically they have been tipped off, now shorting the stock until the raise lands and will say “I told you so” (insider trading).

Why doesn’t this surprise me.

Unwin - They can when you have the MM on your side.

Call me a conspiracy theorist, but some of the MMs on the LSE are corrupt.

I bet if Mr PEEL had a full dressing down there would be several Skeltons that would fall out of the cupboard.

It stinks of an orchestrated attack.

Right before hopefully T&T comes online.

Regardless of the speculation on how much money it produces, the market will respond positively.

My money is on Empire (possibly with an accomplice) just dumped his shares and hoping to complete a short.

Far too coincidental to just start posting out of nowhere and then sells appear.

Porters, you just said.. “Pg just can’t help himself .”

And now you’re saying it’s a “sensible thing to do”?

LOL… which side of the fence are you on?

Treat it as a gift, the price was on a good run and now you have another chance at a discounted price.

Https://x. com/stevehu22749124/status/

1945420015202971789?s=46

“We couldn’t stop the gas coming into the well. That’s how high pressured it was”.

No damp squibs….

Boldy,

On the CHAR board you posted:

Thebold

Posts: 2,628

Price: 1.35

No Opinion

RE: Demerge?Today 17:33

“Surfit,

Sell up and move on zzzzzz”

So why not do the same here?….