Member Info for Zebra04

Hopefully we can stay above 5p bid. Our rsi is down to 30 and so more sellers and we will be oversold soon.

we're all disappointed. I've been here since summer 2018. Took profits at 12 bought back in at 8, 5 and 3.7. The 8p buy was mistimed as I believed we would start co2 last summer. Thanks Paul.

I take consolation in that co2 is finally being injected into the ground. We finally have a morroco rig partner and just need to finalise the commercial terms and drilling dates. Who knows when but surely its close and a matter of weeks and not months.

Investors are getting impatient with Paul. The repeated delays and then silence reflects poorly on him. I will continue to hold but with far less interest.

Those buys have not added to the daily volume and they are also delayed publications. Likely from last week?

Hi. On level 2 there's no change despite them buys. It's 1mm at 6.4p ask and 30k shares. 4mm and 120k shares at 6.5. 30k shares at 7p.

I don't blame the mm's for today's drop. It's Paul's fault for giving a deadline and not sticking to it.

Delays can happen however it is common courtesy to let share holders know why.

@chancers I would take that with a pinch of salt. Star valley obviously has more than one rig, otherwise they are self limiting.

Imo the delay is possibly due to renegotiation after sdx successful find. Malcy mentioned one method to fund the drill would be to give up some equity in the morrocon license.
We own 75% of the license. We could give a percentage to star valley in exchange for them funding the drilling. Sdx's find derisks our drill and so Paul may be renegotiating less equity. I am just speculating as have nothing else to go off.

From sdx rns this morning. They've completed thier drill and discovered more gas than they anticipated. They are close to our license area.

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to announce that the OYF-2 well in Morocco (SDX 75% working interest) has been drilled to a measured depth of 1,210 meters and has encountered commercial quantities of gas in excess of pre-drill estimates. The discovery also confirms that the Company's core productive area extends to the north.

I thought we'd get at least 10-15% gain today. We're at the start of testing and for us LTH it's reassuring to finally start injecting co2. The market will respond to results.

Meanwhile morroco is due by Friday, we've always responded better to that.

Great find auc

Columbus as operator has this morning announced that CO2 has been successfully been injected at the Trinity Innis field, onshore Trinidad. This is incredibly good news for Predator, indeed one should call it a very important operational milestone for the company as, with the company already beginning the process of sequestrating the CO2, lays the foundation for developing a carbon credits strategy for the future.

As the first mover in this area in Trinidad it establishes Predator as the key player in CO2 EOR operations in country and as such will breathe new life into the mature oil fields currently being developed. More importantly, PRD will be differentiated from other peer companies in that it has already secured exclusivity over Trinidad’s entire supply of surplus CO2. Indeed the PRD management team initiated the CO2 EOR concept for the field, designed the CO2 delivery system, sources and imported the key equipment from the USA and designed and supervised the downhole web completions for CO2 injection. This included a number of regulatory and environmental approvals as well as technical subsurface analysis.

Importantly, PRD has with this success, has delivered its strategic objective of executing pilot CO2 EOR injection using its cash resources raised at IPO in May 2018 without the need to seek additional funding from the market by implementing rigorous cost control management. With valuable intellectual property rights for its CO2 EOR injection design and subsurface analysis PRD are in a strong position and they still have the exclusive cost-free option to acquire FRAM, operator of the field for less than $0.48 cents a barrel for high estimate recoverable resources, pending development by CO2 EOR of 8.9m barrels.

This success has serious implications for Predator going forward, having re-risked the CO2 process and injected into the target reservoir the company can justifiably see first revenues and indeed revenue growth, not just for the company but for the process in Trinidad. This will not have gone unnoticed at Heritage who have the largest inventory of mature fields onshore Trinidad and thus creates the opportunity to work together using the template established by Predator who have worked well with Columbus.

Finally on operational issues it should be noted that this success will immediately be flagged to ‘green’ investors as this is an alternative to businesses with poorer sustainability credentials, reduces CO2 emissions in line with ESG best practice in a world with ever increasing requirements.

Elsewhere PRD is in a strong financial position, the IPO raised £1.3m at £0.028 per share through the issue of 46,428,600 shares (of 100,137,150) and only 8,593,159 shares have been issued since then at an average price of £0.0565 per share, representing only 7.9% shareholder dilution. Also through the issue of these shares 32.3% of debt has been repaid whilst retaining £1.17m of cash in a bank guarantee for t

on lvl 2 there's 120k shares at 6.5 ask, 30k at 6.8 and 30k at 7.

Hold on to them shares. This is just the start and we now know things are on track. Co2 has successfully been injected so I assume no leaks and such. Now its waiting on results and also morrocon rig contract.

It was a mm trap. A new market maker took up a position so I guess something must have leaked

Well done all holders. Its been a long wait

280k shares at average of 6.4p

The new market maker code is JBER which is a German investment bank. Since ipo its the first time a new market maker has started to deal in our shares. We should have a bit more liquidity going forward.

Them strange out of hours trades must be them taking up their initial position. Its close to a million shares that were traded.

@mike I agree Paul has left it late for news, 5 more trading days. For sure the company could update the market more frequently.

On cerps side saffron news has arrived and so next is co2. They could also do with the uplift.

It looks like another mm has started to list us. Those large sells could be them taking their first position and the drop today mm's way of acquiring more shares.

It will have spooked some out. All things considered, only 200k shares were sold today.

Our rsi was at 78 yesterday, it has dropped to the 50s today. Sets us up well for next week.

At open today I was quoted 6.1p to sell. Mm's didn't drop the price until the sellers this morning. So I don't think that large transaction yesterday was a real sell.

There is also a 6th market maker today

Looks like panic sells following that huge sell yesterday

I'm not sure either. On lvl 2 all 5 mm's posted their closing bid/asks after the time of the trade, there was no movement. Thats £50k that a mm paid over 6p for.

On level 2 1 mm has moved his ask up to 7 following the buy this morning. As it currently stands there are 2 mm's on 6.5 and 3 mm's on 7. Each quoting 30k.

I just got quoted 6.1p for my 280k on Hl. Buys have massively outnumbered sells the past few weeks but there's little movement. The bid is being kept low so Mm's can buy shares cheaply but there aren't any sellers left. They have to slowly move it up to try entice more into selling.

I don't mind us sitting at this support level. Last march we went from 6.5 to 12.75 in two weeks for securing morroco.