Great posts wacky Sefton and GRH.
I also missed those mud logs during my research.
The spot price of gas is currently $4.1, the last time it broke 4 was Nov 2018. The price has literally doubled since we acquired morroco.
Year to date it is up 90%.
Asian spot prices of gas are at an 8 year high.
The new cpr should reflect the substantial increase in margins as well as increase in reserves.
https://pubs.usgs.gov/fs/2010/3014/
Interesting document on the levant basin. You have to click on the document to open a pdf.
That's good to know splice.
I doubt this hits 3.5 but u can keep trying. If you have doubts then why even consider investing here? There's 1000s of other company listed. Surely your time is better spent researching a more worthy company.
Nickel.
3 posts of utter nonesense that you've been called out on.
You posted
1."Not long before he gave Arato extra shares not to redeem the CLN ... nothing odd there then??"
I called you out for slander, a few hours later you corrected yourself.
2."Arato were given 2.5m shares to waive Predator using placing proceeds to pay down the CLN"
Well duh, the placing funds were allocated for the projects. Arato then took the mick and kept converting which was stopping any uptrend so Paul raised to pay them off.
If you post bs then expect to be called out.
" I have made these few short posts to raise serious red flags over Predator. The 'Predator' has a bad smell around it."
Sorry but the smell arrived with you.
Nickel I really cant be bothered replying to all that nonesense.
Briefly
1.Paul didn't give arato extra shares not to redeem to cln... Slander.
2."lot easier, quicker and SAFER to raise.... he's done it at drop of a hat many times ..." PRD had never raised at that point. Slander again.
3.Small cap clns always have favourable terms in the lender favour.
May I suggest you direct your concerns to FCA/HMRC/SEC... Clearly this is an urgent matter for them and not for a bulletin board.
Clearly that won't happen as you wouldn't want to attract heat to your own slander/defamation on a public forum.
I'd wager you're part of tw.
Nickelmine.
1. Firstly, Theseus has a 50% share in ram head and corrib south not in predator Lng, which is the main project. Paul owns 50% of Theseus? that is great to know, even more skin in the game. Your point on dilution is silly. He wouldn't be diluted through his Theseus holding (a private company) but will still be diluted form his prd holding (a public company where he can raise).
2. Theseus is a private company, they can chose to keep the identity hidden. Unfortunately that's how the world works. Tw isn't whistleblowing.
3. Nobody thought arato was a real company. Lol. It was purely set up for the purposes of the CLN. Novum arranged the funds through one of their contacts. Its what these type of broker do and why the market expected it to be negative for the sp.
4. Fully expected a bucket shop fronter, if you follow the company sp you'll see that's exactly how he played it out.
5. Paul has said timing and speed. The Guercif license was up for grabs. At this stage the company had never raised before, it wasn't as quick as the broker contacting previous placees. Paul was assured at the time the lender would be responsible. Clearly he wasn't so Paul raised to pay him off.
6. Rp's sells we still don't know why. Many posters have commented on the matter which you can read.
7. Markets/laws/loopholes its all complex. Most the times its just noise.
So you can chose to follow tw if you like.
The last rns says we penetrated Tgb2. Highest chance of success. The cpr estimated it contained 50-130bcf. This was only confirmed 2 weeks after the original completion rns. Curiously waiting on further information on the remaining targets within the testing depths.
Tgb 2a was the monster at 1376m. 1100-2600bcf.
From the presentation "Mou1 tests the extremity of Tgb 2a delta slope/fan and assess reservoir quality of volcaniclastic/sands - potential to derisk new upside.
We know wireline logs were completed over this depth and there was gas shows.
We know mou-4 has been de-risked and upside increased. Was Tgb 2a the link to mou-4?
We need more information but if we've found evidence of the Extremity of Tgb 2a, the rest of the targets are less relevant.
It had the lowest COS but the largest target. So if there's an indication we have, Paul would need to be sure before he comments on it.
Something from the early Mou1 results has got Paul excited to drill mou-4.
Chancers, Drawn back again?
You sold 2 weeks ago and now here you are posting at 6am on a Saturday.
There's no need for a repeat of bids. You stuck around like a bad smell after selling and was called out by many.
Matt I suspect things in morroco will progress quicker now that lonny is involved. Paul appointed him for a reason.
He's based in morroco full time.
Long successful track record with ONHYM. They can trust him.
Potential lease of rig from Sdx, I presume he's still on good terms with their management.
Lonny could do with buying some shares in the open market.
21mil volume today and 9mil yesterday. At least we should get through the placing shares. A lot of large block trades past 1 days. Rsi has been oversold for the past 8 days, down to 14 now.
Placing and director selling, well at least that's out the way now.
Yeah his sells prevented the sp from turning around last week. No wonder so many straight red days.
He didn't sell after mou-1 results but started to sell after lonny was appointed. Is this him retiring? Could be being pushed out or leaving for personal reasons. Likely the decision to appoint lonny was post Mou1 results.
The only way this isn't insider trading is if the placement was agreed between his last sale on Friday and before Mondays placement rns.
I don't think Ronald is foolish enough at his age to risk insider trading. So did the broker approach Paul with a placing offer and he accepted?
They're always bucket shop placees that forward sell before they get their shares.
@ho55
The substance of the rns is solid.
There's lots of good stuff, JV, flow test, Mou4 drill this year, full funded for this year. So the costs of mou 4 are accounted for, whether that's from the cash we have or a JV is unknown at this stage.
t reaffirmed I interpreted the previous 2 rns correctly. All things (except the sp) point towards Mou1 being a success.
And so that irritates me even more. Why not just release the ops update. It would've broke the downtrend and got us moving back up. If he really needs the funds, wait a month. Simple.
I've ranted previously on similar issues. Paul is a fantastic geologist/project manager etc. Finance/markets however is not his expertise. The brokers need to go, they will have advised this.
I'm here for the special dividend. So I don't appreciate being diluted at these prices.
Trinidad slight delay due to covid. Can't be helped and patience, it's already proven to work and be profitable.