Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
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The following rns issued by SDX in 2018 regarding the lms1 well in the rharb basin onshore Morocco.
“ The well test program in the LMS-1 well in the Company's Lalla Mimouna Nord permit in Morocco has been completed. Upon test the well flowed at sub-commercial rates which at this stage we believe are temporary and due to damage created by the fluids used to control the elevated pressures encountered in the well whilst drilling, however this is still being investigated. At present, we believe the damage is the result of formation clays reacting to certain components used to increase the mud weight of the drilling fluid. The reservoir section, beyond this zone of damage, is thought to be of excellent quality based upon the well log response and is not expected to have been damaged by the drilling fluids. Once the fluid interaction study is complete, a stimulation program will be designed and implemented and the well test will be repeated.”
Could have been predator. The geological horizon is the same as the mou fan .
Using sand jet successfully will be important to demonstrate these horizons can flow economically.
Jimmy
Nigel - you make a bell end of yourself every time you post
There you go again Noddy, talking Toyland.
I'm making things with wood today, I may carve a little boy.
Nothing has changed. We have gas. We have Contingent Resources of gas. We are just continuing with the plan to get them Commercially Recoverable.
Haven’t sold a single share and would be buying more with any available funds. I can wait.
Not averse to a spot of Hydrocarbon based extreme Capitalism though are you matey? According to Marx those resources and that wealth belongs to the workers as a global movement.
So you are required to donate and redistribute any earnings from capital gains and dividends to the workers of the world retaining only the average worker's wage for your family.
Bit of a paradox aren't you?
O dear me, I clean forgot it was half term Noddy sweetie pie 🥧
A-haaaaa I knew the thing was a socialist, not hard to spot the signs. Actually a hard leftist loony of the type who would sell your culture, your lands and your blood down the river!
'Faith indeed', filth is more apt.
To be honest I had enough of the "What if" and "ROB says" nonsense - far too much ramping from someone who clearly should and does know better
How is the theory that Paul wants this testing to be a Total fook up to stop any low bids lolol could not make it up
Bold claims that Paul withheld information about the testing program being flawed and using undersized guns I assume you have reported the company to the relevant authorities. They did state yesterday that they expected the "undersized" guns to work so maybe you are wrong.
They also have had 2 plus years to do some testing to meet the Guercif Agreement, so the company only has themselves to blame for this and not some shadowy third party.
*are (not 'care')
We knew the DTB would be in full flow before GAS in full flow. Not only bb abuse of key posters.
The initial testing prog was known in advance to be flawed. Undersized guns having to be used, dictated by an unnamed third party, and necessarily timed acc to the Guercif Agreement. Unknown to most investors, that didn't stop the sp marching up to 14p, at which point we see big trades coming through. £76k and £59k worth dumped into the spike.
Failure to successfully flow and the sp duly takes a hammering, holding in the 8s as pi sells get mopped up by more savvy buyers aware of what's going on. High level scam being played out here.
To a large extent it'll be outside the control of Paul and Lonny. So, they go ahead and do the minimum necessary over a shortened period of 10 days. All now set for the properly effective sandjetting tools to do the job. And MOU5 brought forward for good measure.
We knew the tricks were coming, so don't be fooled by the events of the last few days. ITK buyers will be stocking up.
I'd imagine high resolution satellite images care quite large.
I highly recommend the Filter button too Arfur.
I have a total of 21 on my filter list who I'm not remotely interested in knowing what they have to say as I can usually guess by the other posters replies to their comments.
Individuals who hide behind their keyboards, taking pleasure in seeing the share price go down is pathetic. And shows them to be the awful people they truly are.
They are the sort of people who enjoy spreading doom and gloom and hate it when other people prosper.
Perforating being the second option is a red herring and has only surfaced due to it failing. They even stated in yesterday's RNS that their analysis showed it was expected to work. They have mentioned perforating numerous times in RNS and even in presentations before audiences.
Testing was always a two pronged approach with perforating and sandjetting used for the most formation damage/ unconsolidated sands. Disingenuous posters are trying to promote the narrative that it was a rushed job with underpowered equipment to disguise the fact that it was a failure.
The question about testing Mou 1 is a relevant one. if testing had identified the formation damage could the drilling mud at the subsequent wells have been adjusted to prevent the damage. Failure to test could be a costly mistake and needs explaining.
Sorry to learn about the abuse GRH. Sadly, we live in times where people can get away with abuse far too easily. Hope to hear back from you when/if PRD deliver multiple successes.
BTW
1TB is 1000gb.
A large image is 20mb, 1gb fits 50 large images/diagrams.
1tb fits 50,000 images and or diagrams. 2tb 100,000 images.
Text files take up hardly any data.
For example the recent ITR was 8mb. 1TB is 125000 more data.
Just checked out your twitter Bob - nothing out of order there - followed. odd that someone wants to out you -barnyards what is your issue?
I don't mind if you hold a different view , I welcome it , but we should all be respectful .
The SP yesterday took a complete kicking , hardly a surprise given the RNS , BUT ....
"Analysis of gas samples confirms up to 99.57% methane suitable for CNG developments" ... when commercial gas needs to run at a minimum of 92% ( feel free to correct me ) then 99.57 is a pure as it gets .
I do think that yesterday was an overreaction , lets see if the market agrees.
Barnards
That's my name.. not scared of it or feel the need the need to hide behind it. My political views are built on solid faith. Name yourself on Twitter banaras.. or shut up
Robert Snowdon
My opinion only:
Need management to do an interview to clear up a few concerns re
1) ammendment #4
2) why the performed a sub-par perf using time and placing funds
3) why they didnt 'sub-perf' mou1 years ago to assess formation mud damage.
4) why they switched back and forth with explosives and sandjet and only now state it was the plan all along
5) why they started on 10th feb when 5th feb stated they had started
6) why biogenic not thermogenic
7) funds... Cory Moruga workovers??
8) Ireland successor authorisation info
9) Sandjet timeline if at all... timelines mean very little here
10) Have they broken terms of their licence agreement at all
Good asset. Lots of gas as per itr/cpr. Big question now is can this small team working in a country where they consistently miss timelines or equipment isnt available, or whose Prime Minister might very much like to take control of predator (and surely easily could?) by some means... actually survive or get the gas out without losing the lot?
Lots of questions. Still a decent risk-reward stock to be in. Will likely consolidate around 8 until clarity is given by webinar/interview.
If its not forthcoming soon this will likely suffer the same fate as all smallcaps in an information vaccum and trickle down to resistance... around 6p.
They will as it has stopped going down. You won't see them for dust now. Some were even gloating which goes to show what some of this scum is all about.
What a sad day yesterday.
Not for the company as its just a small delay and I’m confident that we will be back on course and the SP higher in no time. No the saddest thing was the hatred and vile posts with some people even revelling in the fact that some members here had lost money. What strange and inexcusable behaviour. I hope those people who all came out to attack and will now crawl away and how proud of themselves they must be. Personally I’m disappointed and disgusted. These faceless individuals who are frightened to reveal their identities need to get a grip. They must be sons and father’s, perhaps grandfathers. I bet their families don’t get to see their appalling tripe and it’s probably conducted in the dark and when alone, very much like their lives no doubt. Sad.
To the majority here who are decent, pleasant members of the human race let’s move.
Still huge amounts of news on the horizon and hopefully a nice good humoured BB to perouse on a daily basis.
Good luck.
Hopefully many will have the resources to average down if need be and take advantage of this minor set back.