Member Info for Zebra04

The delayed 750k from yesterday was a buy. That was the buy price at the time but as it's delayed the system uses the bid and ask at time of reporting. Price went up today and so it looks like a sell. Common by the mm's.

Trades are getting bigger as more folks realising the potential on offer here.

Finally no mm showing a 3p bid.
1 mm's on 5.1 ask

Last 3 trades at full ask, few more buys

Correction
Last 2 250k sells look like a rollover or bed and isa.

2 x delayed 250k sells. That's 1.25mil sold in just the last two days. Has to be more than 1 person from placing as we've had to no tr1.

Agreed, covid let me bring my average down from 6.5 to 3.5p. I've been here almost 2 years.

It is strange it's taking so long to break above 4p.
It could be some placees have set 4p limit orders to sell. So every time the bid gets to 4p some of those orders are filled.

If you watch the videos, you wouldn't think we'd have a £10 mil Mcap.
Hugely undervalued for the 3 assets and bod.
Good to see the Paul increasing marketing, a lot more folks need to know about this company and its story.
We are main market listed and not a typical aim oiler.

Great Post Sefton,

As someone that avoids small cap oilers. It is the co2 eor that attracted me to prd as it's our unique selling point amongst them. As you've said our tech/know how is what separates us.

Once the results are in from the pilot, we should then attract publicity for the carbon sequestration. Paul has said himself we are being approached on a daily basis.

Great company, unfortunately not on many folks radar quite yet. Flagstaff seems to be on point now.

Mrninja, it's the first time Paul has released the new figures. Don't think any of us expected such a low breakeven. Credit to Paul and Ronald.

Nice one flagstaff. I've been waiting for that.

GRH,

Point taken on board. It will be interesting to see what Paul offers once the merger is complete. I was happy with us giving 1.75m as we weren't the ones fronting the cash.

I was wondering if there is anything in the presentation that has caught your interest?

Atb

Doing a merger during a recession speaks of desperation.
Being in a position to bid on assets during a recession speaks of a well run company.

Mrmm I wouldn't quite say nothing. What's the cost of drilling 7 infill wells? They'll be left with that liability and contractual obligation on thier book. Not a hassle bpc will want.

Agree with ladylay.

Bpc can't afford to take on the liability of drilling 7 infill wells. It would be a waste of time as the fields already undergone secondary recovery. Also a waste of new shares.

Some here post nonsense to mislead others. Dyor.

Investment to date in pilot CO2 EOR project in Inniss-Trinity taken into account in arriving at the Offer Price
• Organic CO2 EOR business with ownership of specialist equipment, engineering design, subsurface understanding, environmental template for operations
& exclusivity over Trinidad’s surplus liquid CO2 supply – premium value puts Predator in the driving seat
• Inniss-Trinity Incremental Production Services Contract was extended by FRAM (the IPSC operator) on the basis of Predator’s CO2 EOR third party services
and investment – replaced a 7 well infill-drilling obligation for FRAM which translates into a material gain for FRAM by removing a balance sheet liability &
is reflected in the Offer Price – no Predator CO2 EOR means the FRAM IPSC work obligation cannot be fulfilled.

I hadn't considered the last point. If we walk away Bpc will have to resort back to original terms of IPSC which means drilling 7 infill wells. Which they won't be able to fund.

Ruthless by Paul.

Net-back @ WTI US$41/brl (28/7/20) $23.28/brl. Break-even $7.0/brl

That is a great margin and will only increase an price of oil does.

Lots of great stuff in presentation.
Thanks for the link flagstaff, look forward to Paul's interview later today.

Some impatients folks selling as not willing to wait for Morroco.

I suspect we need news to break above the 4p resistance. It's been a month now we've been stuck in this range.
Flows test results should do it. Then sustained news from co2 projects and Morroco to get this back to double digits.

A lot of posts from your friend chesh have been removed.