Firering Strategic Minerals: From explorer to producer. Watch the video here.
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I hold shares and hope the company succeeds. I am a accountant so not in the industry. I wondered if someone knew any process available if sandjet doesn't work. I hope it does but is there a plan b? I heard re possibility of side tracking but is this a option albeit more money!! Thanks for replying. Howard
Bold - Expert observer of this BB - Been invested a few weeks and posts more than most…. Takes no notice of ramping but seems to talk the company down whilst wanting to make money! Mmm 🤔
GLA
GRH. . .. .
Various folk have criticised my research
Launched myriad tirades
If I have got anything wrong
Then I wish they would point it out
to contribute to the knowledge of Guercif
But... ask as I might so far...
⭐They have failed to correct anything
⭐Anything at all
The only opinion you need when investing is your own , if your basing investment decisions of by other opinions, more times than not , good bye to all or most of your capital. if your opinion is firm based on what you read and believe from the people you only want to read and believe, thats fine … I never asked you to listen to my opinion. I hold stock here and i hope to make money , however I do not ramp here and what I am seeing , the hyper-ramping via a proxy all ad verbatim like some guru type demi god , is one of the most bizarre things I have witnessed on a share forum.
They must think there is some gas, then 🙄
“ In the short term, it aims to support gas pipelines connecting domestic gas production basins to consumers, as well as the development of an LNG terminal at the port of Nador West Med and a new gas pipeline to connect the terminal to the Maghreb Gas Pipeline. Europe (GME).”
A strategic memorandum of understanding was signed yesterday Tuesday, March 26 in Rabat, between the ministries of the Interior, Finance, Equipment and that of Energy Transition for the launch of the road map gas infrastructure.
The program, which will extend over a period of several years, aims to provide the Kingdom with several entry points for the import of liquefied natural gas (LNG), as well as storage and transport infrastructure. natural gas.
Why do you find this bizarre? Do you know who Adnan Samarrai was? (Hint - Kirkuk, Shaikan, Sheik Adi, Ber Bahr among others). Are you aware that he reviewed the Guercif data and was very impressed? I think I will take his opinion over yours.
From the article posted by Bob:
"In the short term, the plan aims to support gas pipelines connecting domestic gas production basins to consumers, as well as the development of a LNG terminal at the port of Nador West Med and a new gas pipeline to connect the terminal to the Maghreb Europe Gas Pipeline. " (This will run alongside the Nador - Guercif highway currently under construction, right across the top of the MOU-NE Jurassic prospect, and connect to the MEG at Guercif).
and
"In 2022, Morocco’s gas subsidies reached unprecedented high levels, with the state subsidies fund covering 74% of the original price for a unit of a gas bottle, amounting to MAD 116 ($12.8)."
My assumptions were
1/. that the government will be falling over themselves to get the PRD CNG facility up and running in order to save money paid out in subsidies for expensive gas from Spain,
2/. Consumers will be delighted to have a secure supply of cheaper gas.
3/. It even gives the PM a reason for getting things moving quickly that isn't just in his self-interest.
4/. Whoever purchases the Guercif resource will have a ready distribution network for G2P & G2EU.
But...but... I read on this very board that there is no market for low cost CNG in Morocco, it will take years for the PRD CNG operation to reach breakeven, and furthermore bureaucracy will slow permitting and may even prevent transport of CNG by road tankers. At the very least, extra fire trucks and military escorts will be required. I also read here that the flow of the MEG cannot readily be reversed, and that the Spanish supply contract will prevent Guercif gas being transported through it. What am I to believe? - Nigel is always right, he tells us so all the time.
Yes I see our esteemed contributor did a Michael Jackson moonwalk backwards after his initial assumptions
Very much down stream, if you check a map https://www.nasdaq.com/articles/cove-point-lng-operator:-no-operational-impact-following-baltimore-bridge-collapse
The Bold
Best stick to Washing Machines….
GLA
Witnessing some of the most bizarre posting ever seen on a share forum !
————-
Do you mean people who’ve claimed to be LTH’s but then let slip they only “started “ buying last week
That sort of bizarre?
Thebold….. Beautiful to see these posts if you understand 😉
Witnessing some of the most bizarre posting ever seen on a share forum !
GRH. .. .. … ⭐ Paul 'KNOWS' what we have
⭐ Lonny 'KNOWS' what we have
⭐ Adnan 'KNEW' what we have🙏
⭐ Folk who matter 'KNOW' what we have
⭐ Even ROB 'KNOWS' what we have
⭐ BB ?
BTW ...in any market...
Price is set 'at the margin'
You're welcome
GRH. .. .. .. Folk have talked about
⭐Comparisons with COVE... 2012 T/O
⭐One thing folk forget
⭐Or didn't even know
⭐Folk there whinged about the SP
⭐Boy, did they whinge...
Well, they did until takeover😇💯
Compared with #PRD
COVE = a rounding error 😂
You're welcome 😇
He did but preso says coiled tubing available end April. Think it is easier to push through customs than a tonne of sand though (thought Morocco would have plenty of that!!)
He mentioned the sand jet equipment arrived in Morocco in mid April.
Thanks Jimmy.
I wonder if we will finish MOU-2 as it would not take much time to drill the last part.
I also think we have overcome the mud problem.
Perfect seal sounds great but need to prove that area up.
One way or another it's going to be a interesting year for Predator......
The last page of the corporate presentation provides an update on mou 2 well results.
In particular it shows the horizons from which theee gas samples were recovered.
That’s really important because it’s the first conclusive evidence that gas is present and that the quality of the gas is suitable for cng.
Inset on the presentation page is a log which shows the shallow horizon from which one gas sample was recovered from a reservoir of approx 4 meters. While the clarity of the log is not great , I compared it to the strip log previously published for mou2 and I believe it is at a horizon of 630 meters.
Which is interesting because the shallow gas horizon in mou 1 was reported at 605 meters and had a p50 resource of 28 bcf based on a prospect area of only 6.5 km2 , and thickness of 10 meters.
This would seem to indicate that these shallow reservoirs in each well are in communication, and would appear to justify an increase contingent resources. Probably circa 100bcf is my guess.
In addition, the recovery of gas from reservoirs allows the wireline logs to be calibrated to reflect the known gas samples and in turn allows the seismic to be used to be recalibrated to wire line logs to map its lateral extent.
That final page in the presentation was not included pg presentation to proactive as he ran out of time, I wonder what he would have said.
Jimmy
He mentioned they will get the Sandjet equipment in mid-April - so that depends if he meant on site or in country.
Fox Davies has the wireless testing results scheduled around end April.
The coiled tubing is stated as end April though on preso which is a bit different to what he says himself.
This makes me rethink my own dates of late April/early May for results. More to early-mid May at soonest.
Got to love O&G timelines but only 9 months after originally proposed date because eyes were off the ball!!
The CEO said himself in the PI Interview, that the sandjet spread would not arrive into Morocco until mid April, like any african country i would assume customs clearance for temporary import equipment will take the normal 2-4 weeks ..the spread then has to be mobilised, rigged up and audited, say another 10 days , we cannot well test until the well is flowing. We cannot flow the well unless the sand jetting pumping clears out the debris. Do you see timelines different ?