Investopian

Investor & Trader of companies listed on the London Stock Exchange. Manage your emotions. No financial advice. AIM / Main Market.

[Investopian @Investopian]

@GrahamHengland Are you still holding PRD?

[Andy @Blowster85]

#PRD - Time to strap in

MOU-6 about to be drilled followed by SnowCap-3

Very exciting next 2-3 months ahead.

All Fully Funded 😉

https://t.co/5sCMHLjWes

[Andy @Blowster85]

#PRD - Excellent update

Looks like SnowCap-3 drill is progressing nicely as well

MOU-6 and SC-3 are huge. This could be an absolutely huge transformational couple months ahead

Expecting MOU-6 to spud next week🔥🔥🔥

https://t.co/HzQtU71b1g

[Share_Talk ™ @Share_Talk]

@PredatorOilGas (LON #PRD) has awarded the civil engineering contract for its Snowcap-3 drilling location and production facility area in Trinidad, with site works set to begin immediately.

The Snowcap-3 drilling programme has also been prepared for regulatory approval, with the well design modified to protect the primary Herrera #8 Sand before drilling into the secondary Herrera #1 Sand, which may be over-pressured.

Snowcap-3 will be drilled vertically to around 5,450 feet and is expected to take approximately 20 days, followed by an extensive well testing programme.
🔗 Read the full article here: https://t.co/GsmX0X9Wkh

[CaribbeanNewsNetwork @caribbeannewsuk]

#TRINIDAD: Predator Oil & Gas Holdings PLC has moved its Snowcap-3 appraisal well here closer to drilling, awarding the site preparation contract to NABI Construction with civil works set to begin immediately.

[Andy @Blowster85]

@Baz9707 And its important to add that both MOU-6 and SnowCap-3 are high probability appraisals wells

The upside prize is significant #PRD

[Predator Oil & Gas @PredatorOilGas]

Snowcap 3 site works

[Andy @Blowster85]

#PRD - They are about to drill at MOU-6 which is aa high impact appraisel well with huge significance to change the valuation

SnowCap-3 is also now lined up to drill

2 mega drills in short space of time. All fully funded

Market likely wakes up very soon and goes whooosh

[Andy @Blowster85]

#PRD - Paul happy to be paid in shares rather than cash…

“The remaining £194,271 will be paid upon achieving specific production targets: a stabilised flow rate of over 3 million cubic feet of gas per day from MOU-6 or over 200 barrels of oil per day from Snowcap-3”

https://t.co/Irj3CA2nSN

[Flagstaff Communications @FlagstaffIR]

-Company Update- @PredatorOilGas successfully completes drilling MOU-6🇲🇦gas well to planned 950m depth, within 20 day target
TGB-6 Fan gross upper interval ~21m thick
Well testing to commence shortly
Regulatory approval to drill Snowcap-3 🇹🇹 received
https://t.co/0NGUPOf2DO
#PRD

[Predator Oil & Gas @PredatorOilGas]

We’re naturally disappointed that MOU-6 has not delivered in line with pre-drill expectations.
However, 1st successful perforation of target formation & well data collected is invaluable in terms of helping to calibrate the potential for gas interpreted by NuTech log analysis in MOU-1, MOU-3 and MOU-4.
Emphasis will now concentrate on partner negotiations.
In the meantime operating team is in the process of transferring to🇹🇹, where Snowcap-3 well is focus of drilling preparations. 1st of two instalments of deferred consideration for acquisition of former Challenger Energy Group’s business & assets in🇹🇹in 2025 is complete

[Chris Pratt @prattprattpratt]

Before Hollywood, I was living in a van in Hawaii and waiting tables at Bubba Gump Shrimp Company. One day, the incredible Rae Dawn Chong walked into the restaurant, and naturally, I went up to her table and said, “Hey, you’re a movie star! What are you doing here?”

She asked if I could act, and I said, “Fuck yeah, put me in your movie!”

She asked for my phone number. The only problem was I didn’t have one. So I gave her my buddy Mike’s number instead. A couple days later, Mike casually mentions, “Oh, by the way, someone called you.” ARE YOU KIDDING ME, MIKE?!

I called her back, and sure enough, she was serious. I drove over to pick up the script, went back to Mike’s house, and read all 120 pages three times in a row. First script I’d ever read. My character's name was Devon, and I remember thinking, “Sweet! I could totally play a Devon!”

I showed up to the audition with every line and inflection mapped out in pencil. Rae told me I could act and offered me the part. I asked if we were shooting in Hawaii. Nope. Los Angeles.

I had about $60 to my name, a bag of clothes, and some rollerblades.

Then Rae told me they'd fly me out. And I remember thinking right then and there, my life just changed forever. I'm going to be an actor.

That little movie was Cursed Part 3, a low-budget horror comedy that opened the door to Hollywood for me.

I'll forever be grateful to Rae for taking a chance on a kid working at a shrimp restaurant. Everybody starts somewhere, and this is where it all began for me.

[Jasper13 @Jasper13_01]

#PRD

Where might they be today drilling MOU6?

Using our MOU-5 benchmark of roughly 108m/day:

Day 1: ~0–108m
Day 2: ~108–216m
Day 3: ~216–325m

So on a purely linear MOU-5-equivalent basis, sometime today they could be approaching roughly 300–350m.

And that’s where it starts getting interesting.

MOU-3 encountered the unexpected shallow A Sand at 339–350m, an 11m interval where PRD reported a strong gas influx and estimated overpressure.

@PredatorOilGas @ONHYM_Official @Blowster85 @FraserLeclerc

[Jasper13 @Jasper13_01]

⏰ | #PRD — RISK vs REWARD

There is one sentence from PRD’s 11 June RNS that I think deserves far more attention as MOU-6 spud approaches. 👇

“Finalising partnering relationships pre-drill that involve significant equity dilution in the MOU-6 project is commercially no longer attractive due to the Company’s new re-assessment of risk versus reward.”

Read that again. 👀

PRD had been considering pre-drill partnering involving significant MOU-6 equity dilution — but concluded that finalising such arrangements was “commercially no longer attractive.”

Why? 🤔

Because PRD says its assessment of RISK vs REWARD had changed. 🎯

PRD retains a 75% interest in Guercif.

And now the physical preparations for MOU-6 are taking shape. 🇲🇦🛢️

So this morning I’m asking one simple question:

WHAT CHANGED THE RISK/REWARD EQUATION?

Over the course of today, I’ll set out why I believe the public evidence matters:

🔬 The drilling evidence
🎯 The probability framework
🚀 The stratigraphic upside
♟️ The strategic optionality

RISK ➡️ MOU-6 ➡️REWARD

This could be a pivotal week.

@PredatorOilGas @FlagstaffIR @ONHYM_Official @Blowster85 @TopTradersADVFN @Investopian @Darrenukdaytra1 @Share_Talk @proactive_x @OilVoice @ABMckinley @AM231982 @tozzer121

#PRD #MOU6 #Guercif #Morocco

[Jasper13 @Jasper13_01]

🚀 #PRD — NOW FOR THE UPSIDE

This is where the MOU-6 risk/reward equation gets really interesting.

MOU-6 does NOT need to prove 498.4 Bcf to succeed.

Let me repeat that.

498.4 Bcf is NOT my base case for MOU-6 success.

The potentially transformational question is whether MOU-6 provides evidence supporting stratigraphic extension beyond the structural closure. 👀

Because if commercial flow is established AND the wider connectivity concept gains support…

the potential scale of the opportunity changes.

⭐ 498.4 Bcf STRATIGRAPHIC UPSIDE CONCEPT

And I deliberately risk that outcome much harder:

🔥 Meaningful gas evidence — 90%
💰 Commercially sustainable flow — 60%
🔗 Extension beyond structural closure supported — 42.5%
⭐ 498.4 Bcf concept materially de-risked — 40%

⚠️ Again: MY ANALYST ESTIMATES — NOT PRD PROBABILITIES.

That’s the asymmetry I see in MOU-6.

It doesn’t need the transformational outcome to be a successful well.

But if it establishes commercial flow AND provides evidence supporting stratigraphic connectivity…

the conversation potentially changes from:

“DOES GUERCIF WORK?”

to:

“HOW BIG COULD THIS SYSTEM BE?” 🔥🇲🇦

And THAT is where the risk/reward equation becomes very interesting.

@PredatorOilGas @FlagstaffIR @ONHYM_Official @Blowster85 @TopTradersADVFN @tozzer121 @Investopian @Darrenukdaytra1 @Share_Talk @proactive_x @OilVoice @AM231982 @ABMckinley

#PRD #MOU6 #Guercif #Morocco

[Predator Oil & Gas @PredatorOilGas]

We're pleased to have successfully completed the drilling phase of MOU-6 based on the new well design & mud weight strategy. This has resulted in much improved well cutting samples & wireline logs compared to previous data.
The well confirmed pre-drill expectations of a thicker uppermost TGB-6 Fan interval compared to the MOU-3 & MOU-1 wells.
Better wellbore conditions & access to the larger perforating guns, combined with a more comprehensive suite of wireline logs will provide well test information essential to potentially calibrate the sections penetrated by MOU-1, MOU-3 and MOU-6.
We're pleased to have received approval on schedule to drill the Snowcap-3 well🇹🇹. Operational focus will now shift to 🇹🇹

[Jasper13 @Jasper13_01]

#PRD 🇲🇦 MOU-6 — Day 7

Yesterday’s wellhead photo sent me back to the MOU-6 ITR and the planned well design.

📸 Assuming the photo was taken around Day 5, one realistic possibility > work around the intermediate casing stage > protecting the shallow sands before drilling on towards the deeper TGB-6 targets.

⏱️ On the ITR timetable, that could put TD around 30 Sept–2 Oct.

Then it gets particularly interesting:

🎯 TD → Logs → MDT → Perforation/DST → Testing

And the scale being evaluated is significant:

🟡 93.5 Bcf P50/2C — contingent resource, net PRD
🔴 498 Bcf P50/2U — prospective upside across the 81 km² stratigraphic trap, net PRD

PRD has already said successful testing is the catalyst for “finalising commercial deals and financing arrangements for development.”

Current depth isn’t disclosed, so the timeline is my interpretation of the ITR, not actual disclosed progress.

1 of 2 potentially company transformational drills.

🇲🇦 MOU-6 first. 🇹🇹 Snowcap-3 next.

👀 Day 7. Eyes on Morocco.

$PRD #PRD #MOU6 #Morocco #Guercif @PredatorOilGas

[Jasper13 @Jasper13_01]

#PRD

Two weeks up tomorrow for update as per CEO comment in 27 August RNS.

Paul Griffiths, Chief Executive Officer of Predator Oil & Gas Holdings Plc commented:

"We expect to have the date for the commencement of the MOU-6 well operations in Morocco within the next
two weeks on current schedule.”

So RNS potentially tomorrow that gives ;

1. MOU6 spud date or

2. Do we get the “curve ball” of deal announcement with Moroccan partner 🇲🇦✍️💰

Which ever there is material market disconnect for all $PRD assets across 3 jurisdictions 🇲🇦🇹🇹🇮🇪

@PredatorOilGas @FlagstaffIR @Share_Talk @FraserLeclerc @Blowster85 @Investopian @AM231982

[Jasper13 @Jasper13_01]

@KQuick20704342 Very good question. The finance “men” Makes me think they maybe needed for discussions/negotiations and contract signing. Board meeting after well result? 💰🇲🇦✍️

[K Quick @KQuick20704342]

@Jasper13_01 Are Alistair & Carl - the finance and business development guys - just there to finish off the Interim Report, or for a deeper purpose?