Member Info for Zebra04

You're right nico. It's based on the price of oil, however with spot prices increasing the cost of importing increases and so gives the local suppliers the advantage at negotiations.

I'm not sure what the current morrocon figure is. A recent bloomberg article mentioned Japan is now paying $10, double the spot price.

Everyone will be paying more for years to come. Imo.

The plan is to sell the license area to a big player. The 3.65 bcf a year contract can be honoured as part of the sale. The new owner does what he pleases with the rest.

Truck haulage is likely method to be used for the small project. Once a big player takes over, that's when the pipeline comes into play.

The small pilot project which would involve selling 3.65 bcf a year for a netback of £15Mil is interesting now that we know Paul plans for funding mou4/5. It wasn't directed at us.

A gas off taker pays 7 mil upfront, we give them a discount over a few years to recoup their investment and some profit on top.

So they get a return on their investment, cheaper and more stable supply boosting their own profits. Let's not forget the benefits of switching from coal to gas in helping companies reach thier green targets.

Paul is the one is discussions with them, he believes it's a viable option.

Having watched the presentation twice and having seen all Paul's interviews. All is well in my opinion. If Paul is happy I'm happy. Gas sales planned for the end of 2022.

Paul said there was a reason to release those particular rns the way he did, unfortunately there wasn't time for him to explain why at the end. There's a presentation to the morrocon government planned for Q4 for 2021. We may get more info after this.

Grh was right about multiple well heads. Looks like we'll need 3.

@nickel
"Why doesn't another oil company farm in?"

With the positive results from mou-1, why should we give away equity in the acreage when it's possible to make a gas purchaser fund it, in return for a discounted long term supply contract.

It might not be possible for you to deliver this and would prefer to go down farm in route,. Thankfully Paul is at the helm and not yourself.

As for the gas suppliers, they can do their own due diligence on Mou1 results and the cpr. From Paul positive attitude it appears it won't be difficult to convince one to do so.

A 7mil upfront payment to guaranteed a local, cheaper and less poluting supply of energy for a companies industrial needs. Or they can continue to pay more for Algerian supplies despite the political climate between the 2 countries.

In regards to the returnable Bank guarantee. Paul feels it more appropriate to wait until mou1/4/5 are rigless tested together. Better to present the full picture. Paul has mentioned previously its about maintaining a good relationship with the morrocon government and banks.

In regards to Trinidad, co2 being injected is remotely managed, the well workovers require cerp and manpower on the ground. We also need approvals from heritage. Having followed Trinidad since ipo, imo heritage and covid are the bottleneck here, same as in the past.

"the pressure build up clearly hasn't delivered oil flow" May I suggest you do your research on oil Wells and eor. We can't flow test the offset wells until things in the country improve.

Impatient selling to the patient, shareprice will then stabilise.

Mou1 a discovery and success.
Gas prices at $5, in morroco they're much much higher. Those who disregard the ability to get a gas purchaser to fund mou-4/5 don't understand the situation in morroco or the wider gas market.
Trinidad I'll wait till the presentation at the end of the month to see where we're at. Appears the well workovers still being delayed by covid. Not a big deal.
Ireland, Paul's given away the info that he can, now we await the Irish governments decision. Not sure what else investors expect him to say.

I didn't think I'd see 300% loss posted again.
Someone clearly failed lower school numeracy.

Clealry they've panic sold at a loss (probably to avoid a 500% loss) and now they're bitter even though they avoided a 500% loss. Strange.

If you can't do basic maths then i doubt you're competent enough to make sound investment decision. The markets will always take money from the impatient/scared.

The stupidity of some folks is mind blowing, unfortunately the Internet gives everyone a voice.

Afternoon GRH

As I understand, during drilling any fluid or gas influx will lead to more mud weight being required to prevent a blowout.

It could be gas or it could be brine, given there's good dry gas shows in the area I'd bet gas and plenty.

Paul and starvalley will have expected an increase in mud weight required around the pay zones. So does significant imply more than pre drill expectations?

Paul is the expert and happy to go ahead with testing. Well heads have already been ordered, which tells me he's confident.

The plural is interesting. I think because we plan to test Mou1 the same time as we drill Mou4. The well heads will be installed to both Wells during that phase of work.

That's a nice chunky buy pwooly.

Chancers, can't keep away can you?

Trinidad was delayed in 2019 because heritage was undergoing a revamp by the Trinidadian government and there was change in personel. Paul's clarified this. Then covid happened and things progressed as much as they could given the restrictions. I know you're aware of this.

May I suggest researching the covid situation in t&t the past year and then explaining to the bb how you would have done things quicker in Paul's position?

According to Paul the restrictions affect well workovers, so please explain how you would get around this?

Those block sells below bid will be the placees cutting their losses and moving on. They never hold.

I've said it before the placing was at the wrong time. It added unnecessary selling pressure on the sp which will make some hesistent to buy. Once cleared the recovery can begin.

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.

Can find the rid specs on star valleys website. The rig can drill to 3km plus.

We should've drilled to 2km

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.