Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Bhoddhisatva,scotia,Anonymous,Cornytiv34, for Donating to support the site

Predator Oil and Gas

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#507319

Postby Proselenes » June 15th, 2022, 9:49 am


Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#511807

Postby Proselenes » July 5th, 2022, 11:32 am

Work ongoing at MOU4 drill site.

https://twitter.com/Proselenes/status/1 ... 1315879936


Hopefully farm out news soon, then 3 drills. Long lead time items already ordered......just waiting for farm out news then its drilling time.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#524229

Postby Proselenes » August 22nd, 2022, 7:07 am

Predator Oil & Gas Holdings Plc

("Predator" or the "Company")

Notification of Investor Webinar

Predator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with operations in Morocco, Ireland and Trinidad is pleased to announce that Paul Griffiths, the Company's Executive Chairman, will be presenting at the Proactive One2One Forum on Thursday 8 September 2022 at 6pm (UK local time) and looks forward to meeting existing and prospective investors.

The presentation will be held at The Chesterfield Mayfair, 35 Charles Street London W1J 5EB.

To confirm attendance please find the registration link below :

https://www.eventbrite.co.uk/e/proactiv ... 6535407077

For further information visit www.predatoroilandgas.com ,follow on twitter @PredatorOilGas or contact:

Predator Oil & Gas Holdings Plc
Paul Griffiths Executive Chairman
Lonny Baumgardner Managing Director
Tel: +44 (0) 1534 834 600
Info@predatoroilandgas.com

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#524835

Postby Proselenes » August 24th, 2022, 7:20 am

Ireland should move fast on the PRD proposal for LNG via @magmell !!!

https://www.rte.ie/news/ireland/2022/08 ... as-crisis/

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#526494

Postby Proselenes » August 31st, 2022, 3:49 am

https://www.naturalgasworld.com/irish-c ... icy-100525

NATURAL GAS NEWS
IRISH CEO CALLS FOR PUBLIC INQUIRY OVER GAS POLICY
Aug 30, 2022 1:40:pm

SUMMARY

The government has so far declined to back proposals to.................

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#528949

Postby Proselenes » September 10th, 2022, 4:21 am

Proactive presentation video from 8th September

https://www.youtube.com/watch?app=desktop&v=e25SVlLdo3s

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#530042

Postby Proselenes » September 15th, 2022, 1:39 pm

New interview with PG.

https://youtu.be/WYx9MV6wRv4


.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#530152

Postby Proselenes » September 16th, 2022, 3:14 am

And there of course, is PRD......with Mag Mell who are offering "non-fracked" FSRU option.............

https://www.irishtimes.com/politics/202 ... gy-crisis/

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#532317

Postby Proselenes » September 26th, 2022, 3:19 am

A good listen for PRD shareholders and potential ones.....

https://audioboom.com/posts/8163008-the ... as-lse-prd

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#532880

Postby Proselenes » September 28th, 2022, 4:20 am

https://www.thecork.ie/2022/09/27/irela ... -pipeline/

Ireland should store gas in disused Kinsale Gas Pipeline
27 September 20222
By Elaine Murphy
elaine@TheCork.ie

“Government must take a more pragmatic approach to decommissioning key energy infrastructure until all options for re-purposing have been properly presented” – says Mag Mell Energy Ireland

The age of the Kinsale Gas Pipeline should not be a determining factor for disregarding its potential reuse options including offshore importation of non-fracked Liquefied Natural Gas (LNG). That’s according to Mag Mell Energy Ireland who today called for a more pragmatic approach by Government to retaining key infrastructure which can support Ireland’s energy security needs.

Commenting CEO of Mag Mell Energy Ireland, Paul Griffiths said: “Last week the Department of Environment, Climate, and Communications (DECC) published its long awaited ‘review of the security of Ireland’s electricity and natural gas systems’. It was very encouraging to see floating storage and regasification units (FSRUs) included in the review and publicly recognised as a viable option for strengthening Ireland’s energy security. This is a significant step change by the Department and Minister Eamon Ryan, who amplified how floating LNG facilities could offer a gas storage solution for Ireland.

Importance of deferring decommissioning of key energy infrastructure

“Disappointingly however, following the publication of the review, Minister Ryan went on to make a series of negative remarks regarding the decommissioning of the Kinsale Gas Pipeline. We have actively advocated how the pipeline at the now depleted Kinsale Gas Field can be quickly repurposed for offshore importation of non-fracked LNG using FSRUs. Since we shared a detailed proposal with DECC in April 2020 on this unique opportunity to ease pressure on Ireland’s gas supply there has been no response or engagement.”

Last week, Minister Ryan responded to several questions put to him in the Dáil by Fine Gael TD, Deputy David Stanton regarding the reuse of existing Kinsale Gas Field infrastructure. When asked if he has considered using this infrastructure for FSRUs, Ryan stated he does not think that this infrastructure will be used due to the pipeline being “very old”.

Mr Griffiths continued: “The fact that Mag Mell’s proposal is now subject to Dáil debate must be welcomed and emphasises the strategic importance of the project in terms of supporting Ireland’s energy supply. However, key to the success of the proposal is the retention of the Kinsale Gas Pipeline. Citing “old age” as a reason for not exploring all potential reuse options for a key piece of national energy infrastructure simply isn’t plausible by the Minister. There are numerous examples of active oil and gas pipelines of a similar age in the North Sea which are safely and efficiently providing energy security for the UK. If we were to take the approach of decommissioning energy infrastructure based on age alone, it would for example leave the UK Ireland gas interconnector with a remaining lifespan of just a few years.

“A degree of pragmatism is badly needed here. Until the depletion of the Kinsale Gas Field in July 2020, the offshore pipeline safely delivered gas to Irish consumers. Furthermore, a study completed by Gas Networks Ireland for Kinsale Energy, the current owner of the infrastructure shows the onshore section of the pipeline is fit for purpose. This was built at the same time as the offshore pipeline. So, is the Minister implying that the onshore gas grid in the Kinsale-Cork area is now too old to be used and needs to be decommissioned? The Minister should also publicly state without ambiguity that there is no fracked gas coming through the gas interconnectors from the UK and provide the technical justification to support any such statement.”

Mr Griffiths added: “We know that the final decision to sign off on the decommissioning of the Kinsale Gas Pipeline rests with Minister Ryan and will have important consequences for the people of Ireland. A premature decision by the Minister to proceed with decommissioning will weaken Ireland’s already perilous position regarding security, diversity, and affordability of gas supply.

“It is solely within the gift of the Minister to demonstrate a pragmatic approach and defer the decommissioning of the Kinsale pipeline until all options for re-purposing have been properly presented without favour or ideological bias. If the decommissioning of the pipeline proceeds in the absence of any substantive engagement by DECC then there is a strong possibility that our call for a public inquiry into the decision-making processes of DECC will gather momentum.”

Global market availability and practical operation of LNG FSRUs

A technical analysis of the review of the security of energy supply identifies commercially operated floating LNG and a commercially operated gas storage facility as being potentially achievable by 2025. Mag Mell’s most recent review of the FSRU and LNG market indicates that it can execute a non-binding contract for LNG deliveries to its proposed FSRU site at the end of the Kinsale Gas Pipeline commencing in the last quarter of 2025. This also aligns with the potential availability of FSRU vessels that are fit-for-purpose for Celtic Sea weather conditions. If Mag Mell’s proposed FSRU project is to be operational by 2025, the regulatory approvals must be well-advanced by the second half of 2023.

“The concept of a wholly State-owned facility as proposed by Government for a market the size of Ireland simply demonstrates a naïve appreciation of FSRU LNG market dynamics,” said Mr Griffiths. “There is a need for better understanding of operating costs, forward product prices and the scale of the potential unlimited exposure for Irish taxpayers. The technical analysis also highlights how dependence of the electricity system on natural gas, particularly at times of low wind and the peak demand for natural gas are both expected to increase. How the Minister addresses the options to access gas at these times from storage or FSRU LNG will have a material impact on affordability of energy for years to come.”

The technical analysis concludes that green hydrogen, additional electricity connectors and electricity storage-pumped hydroelectric are not achievable by 2025. Furthermore, the analysis uses a baseline assumption that offshore wind capacity to meet the Programme for Government target of 5GW by 2030 is achievable. “Recent decisions by two world-renowned energy giants to withdraw from Irish offshore wind projects for reasons cited already makes this baseline assumption fundamentally unsound and creates additional pressure on long-term security of energy supply,” concluded Mr Griffiths.

About Mag Mell Energy Ireland

Mag Mell Energy Ireland Ltd is seeking to create an ambitious floating LNG storage and regasification project in the Celtic Sea close to the now depleted Kinsale Head Gas Field of the south coast of Ireland. The project is also designed to include strategic LNG gas storage capacity making use of existing offshore infrastructure at Ram Head.

The project is aimed at providing enhanced security of energy supply for Ireland’s energy network with less environmental impact than other proposed land-based energy infrastructure while supporting the transition to a green energy grid.

The proposed floating storage and regasification units would be located beyond the horizon and would not be visible from land. These storage facilities can in due course be converted for use as a green hydrogen reservoir and for carbon dioxide (CO2) sequestration.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#533196

Postby Proselenes » September 29th, 2022, 12:34 am


Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#541419

Postby Proselenes » October 26th, 2022, 6:12 am

https://www.proactiveinvestors.co.uk/co ... 96331.html

...........Predator is one step closer to drilling in Morocco with the signing of a rig contract for drilling of the upcoming MOU-2 well in the Guercif Licence onshore northern Morocco. MOU-2 is a high impact/high reward well where high estimates are an impressive 708 BCF so any success would be highly transformational. .........

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#541703

Postby Proselenes » October 27th, 2022, 3:09 am

https://www.irishtimes.com/politics/202 ... en-energy/

Ireland needs to ‘grow up’ and accept LNG will be needed during transition to green energy, TDs told

There has been reluctance in Government, predominantly Green Party-led, to embrace LNG due to concerns some of the gas is extracted through fracking

Mag Mell Energy has proposed a project involving floating storage and regasification units (FSRUs) using the old Kinsale gasfield pipeline. FSRUs are large ships that can store LNG and convert it from liquid to gas and can link up with gas pipelines at ports.

Cormac McQuinn Wed Oct 26 2022 - 18:25

Ireland needs to “grow up” and accept that liquefied natural gas (LNG) will be needed during the transition to green energy, according to a company that wants to develop a floating terminal for the....................................

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#541704

Postby Proselenes » October 27th, 2022, 3:12 am

https://www.thecork.ie/2022/10/26/decom ... -deferred/

Decommissioning of Kinsale Gas Pipeline must be deferred
26 October 2022 By Tom Collins tom@TheCork.ie

Department of Environment urged to fully engage with all stakeholders offering solutions to support Ireland’s future security of energy supply

The Department of Environment must defer the decommissioning of the Kinsale Gas Pipeline following its endorsement of liquified natural gas (LNG) and floating storage regasificati.........................................

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#543691

Postby Proselenes » November 4th, 2022, 2:40 am

Defer Kinsale pipeline decommissioning, says energy company

https://www.irishtimes.com/business/202 ... y-company/

Mag Mell proposes using old gas field infrastructure to import shipments of the fuel

Barry O'Halloran

Wed Nov 2 2022 - 05:00

Moves to close a pipeline from the old Kinsale gasfield should be stalled so it can be used to import shipments of the fuel, one energy business says.

Government energy security proposals include plans to import liquefied natural gas (LNG) from specialised ships that cut out the need for onshore terminals.

Mag Mell, a business that hopes to reuse part of the now empty Kinsale field to import LNG using this system, wants the Government to defer decommissioning the reservoir’s pipeline........................................

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#544720

Postby Proselenes » November 8th, 2022, 7:07 am

Excellent update.......all systems are go......

https://www.londonstockexchange.com/new ... s/15705659

.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#558899

Postby Proselenes » January 4th, 2023, 2:01 am

My pick for 2023.

If the MOU-2 drill (due very soon) comes in good, the upside here is pounds, not pence.

So fingers crossed MOU-2 delivers significant gas pay.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#558901

Postby Proselenes » January 4th, 2023, 2:11 am

A good summary of the likely events going forward for PRD, as posted by KeithOz.

One must also not forget MOU-1 has net pay, it was not flow tested back then as the reservoir is over-pressured (you know, too high pressure) and there was no suitable test equipment around in Moroocco. The company decided to flow test MOU-1 after drilling MOU-2....and here we are about to drill MOU-2 and then flow test both MOU-2 and then MOU-1.


* Farmout negotiations - ongoing, unknown timing for completion
* MOU-2 completion
* MOU-2 flow testing
* MOU-1 flow testing
* Execution of CNG agreement
* Execution of initial gas sales agreement (industry)
* MOU-3 drilling
* Execution of gas sales agreement (gas-to-power)
* MOU-NE Prospect CPR (don't know what the current name for this oil prospect is!!)

In the next couple of months, expect to hear further on:

* External investment into the CO2 EOR entity in T & T, with expansion of operations.
* Cory-Morunga CPR
* Potentially, grant of Successor Authorisation for Corrib South & Ram Head
* If so, negotiations for purchase or JV for Corrib South, most likely with Vermilion

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#559710

Postby Proselenes » January 7th, 2023, 2:17 am

Probably another week of drilling to go. This week they should be into the juicy bits............

Should be at TD week commencing 16th of Jan all being well, if not before.

Proselenes
Lemon Quarter
Posts: 1372
Joined: November 15th, 2016, 6:04 am
Has thanked: 58 times
Been thanked: 389 times

Re: Predator Oil and Gas

#564555

Postby Proselenes » January 28th, 2023, 2:13 pm

Drilling on hold due to clay issues, hope to be resolved soon.

Webinar on 1st of Feb, link below.

You can register and submit all your questions to them to answer.

https://www.investormeetcompany.com/inv ... tation-237

.


Return to “Oil & Gas & Energy (Sector & Companies)”

Who is online

Users browsing this forum: No registered users and 10 guests