Member Info for Zebra04

No idea why folks would invest her to sell now.
The 100k blocks sells have been relentless, this would easily run up if not for them.

@nico
I think irrespective of who's in power, they will have to accept gas as a transition fuel.

They can prop up as many windfarms as they like, it still doesn't change the fact most peoples homes (excluding apartments) run on a gas central heating system. Switching the whole country to a electric heating systems is a long and costly process. Something I can't see happening for a long time.

So security of supply of gas is crucial to any developed country.

Politicians will play politics.

@mem theseus was part of our two Irish licenses. So far Paul hasn't mentioned theseus as part of predator lng Ireland, the new company he formed.
We would be importing none fracked gas, it doesn't have two come from our 2 license areas.

Ireland may surprise us before the end of the year and let us finally break through the 4p resistance. Trinidad production should also ramp up and provide some revenue before the end of the year.
I'm a little more optimistic we will drill morroco before mid 21. A vaccine should be available early next year. If the rig crew is vaccinated, there's nothing stopping them travelling? Of course anything in relation to covid is all purely speculation.

@fsa15 what would a fair valuation be on a succesful morroco drill next year?

Wacky, I don't think anyone wants to put a number on it as its so far off current mcap. That article claimed the business could be worth 26billion over 10 years to us.
Even if the business was sold for 1billion, that is more than 100x our current mcap in profit.

Great stuff proselenes and wacky.

So we're in discussion with vermillion, a Norwegian company for the lng tanker and someone at the University of Cork has worked out the financials.

Let's not forget morroco. The cpr for the 2 original targets has a net of £850mil to prd. We also now have a third target.

At 7m mcap, you can see why many on here have invested large sums and continue to Patiently hold.

The video was brilliant and reassuring. Paul is a great geologist and knows the industry inside out. His 40 years of experience helped select the 3 projects. He's also aware how other companies have come up short and so is very meticulous in his planning.

Most small cap oilers only plan as far as the drill. Here our projects are the full deal. It's not just about finding gas, it's how we monetise it quickly to create real value. Paul is planning many steps ahead.

The markets can be very frustrating at times, however my faith in Paul remains strong. He is the single largest shareholder and remains very optimistic, as do I.

Glad to see you back here Flybyboy. The more the merrier

@headwinder, not sure what down day you're referring to.
The ask fell following some sells which was then followed by a small rise on the buying to end the day blue.
Low liquidity means it can go red and blue the same day.

I too am excited about predator lng. Drilling for new gas was always a long shot whereas this seems very workable within the Irish framework.
Once the market finds out the names of the partners behind the ndas, our mcap will look a joke.

Evening hulltiger

You've been invested here a long time, so I'm sure you remember how quiet this stock used to be? So we are making progress. Quite a few new posters have joined the bb and believe in the story.

What matters most is what's happening with the 3 projects. As they progress, more investors hear about it. Sp aside, there's also the 3 x special dividends to look forward to.

A lot of those sells today and yesterday were buys

Good stuff matt.

A lot of questions for Paul.
600k capex is what they have spent so far in Trinidad on the co2 eor. A lot of planning and studies. Given that it contains a contingency for a second kit, I don't imagine too expensive. It certainly doesn't look it.

Evening matt,

So from the interim results, we reached 43 bopd. 43bbl x 30 days is 1290bbl a month. At $40 crude that is $51600 a month. That's $620K a year from single well.

Not bad, we need Paul to clarify what the margin is

Matt the 40k was from a 1 month period

@mossma 350 target is at a later stage.
At this stage we should be on 50-100 so we came up short.

@mike, yeah I'm not sure why he gave that as a reason for not purchasing fram.
"After careful consideration, the Company decided that acquiring ownership of an oil field that continues to produce by conventional methods does not fit with its business strategy, which is focussed on addressing climate change concerns through sequestrating CO2 and exploring for and developing gas"

Again its just speculation on my part. Bpc wanted more money, our partner who offered 1.75mil, refused to pay what Bpc wanted and walked. Next option was we purchase it and run the field ourselves. This would've required dilution as it's not budgeted for in our cash reserves.

The field contain wells that are not yet ready for tertiary recovery and continue to produce using secondary methods. If we had purchased fram ourselves then we would be producing oil using conventional methods as well. Sounds minor but its not the company Paul is building. All the oil we produce needs to be from co2 eor.

Just my thoughts as a lth. I won't deny the sp being down here is *hit but I'm here for the long run.

So we are revenue generating now. We get 100% profits first to recoup our costs for co2 eor (around 400k). Profits are then split 50/50 with Bpc. Our profits go towards morroco.

We have completed T&t first co2 eor in many years.

We are now a co2 eor service provider. Now it's a matter of linking up with other field operators. Paul has said for a long time we have other parties interested.

4.2mil ask was pre-covid so no longer viable. It appears Bpc are not accepting a lower offer. Paul did the right thing to not be forced into overpaying. Especially when there's other co2 eor opportunities. Paul wouldn't have turned down fram unless there's something better brewing.

Will see what he has to say tomorow.

Only 2.2mil volume, less than 1% of float traded today.
Looks like most holders are staying put.