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ThEbold.
My understanding is that SJ major function is to perforate the casing and sou rounding annulus in the substrate.
We’ll bore debris and “gunk” is a by product of drilling and clean up activities usually y dealt with by the ctu.
Happy to be corrected
Quite correct there, that is most important for us. We need good strong commercial flows .
Just so everyone is aware and I’m actually not quite sure they are, Sandjet operations even if successful and remove the well bore debris and gunk will not assure a successful flow test. The only thing that will assure a successful flow test after a successful sandjet operation is moveable hydrocarbons flowing in commercial qtys. We do have good P and P so hopefully not a worry, however it is by no means a given , just like some on here allude to chariots Anchois which also has very good P and P but no well bore damage. There are risks there as well .
We could very easily see scenario’s where we see Good SJ no flow, Good sandjet , good flow. …one thing that is a given , is if it’s an unsuccessful SJ there will be no flow. .
Also SJ operations have been known to take weeks to fully clean up the wellbore and formation damage / obstructions, especially the more lateral formation damage and penetrate into and past the obstructions, ,, It’s not like sticking a bottle of mr muscle down the kitchen sink plug hole !
As Keith Oz has stated we will find out I guess in 2-3 weeks ..
TheBold, your huge volume of posting and what might appear to be an obsessional disorder against KeithOz and GRH, suggests that it might be in your interests (and that of the BB) for you to seek professional psychiatric attention.
Maybe urgently.
Especially since, by your own statement, you only hold 200,000 shares in PRD - so why are you so seemingly stressed?
But does Keith play with a straight bat? Having watched most of the Ashes matches from the mid seventies until the early nineties I'm not so sure.
Porters : In regards to Keith i would disagree ... in regards to the knowledge that Keith brings to the table is second to none. We are all in business and things happen & no one said it was a straight road . The good news is that the process continues and i'm sure we will have a few bumps in the road , but the goal and opportunity remains strong , to which everyone would agree with otherwise we would not be hear.
I can wait for MOU5 for as long as it takes. More important is to get a flow test result and a score on the board.
Is that the same Keith Oz who proclaimed on here that SDX were in fact using an ONHYM rig and not the SV101 for their current drill which has overrun . I had to set that one straight. Matter of fact , just after Keith proclaimed that, our Messiah also did the very same thing, quite worrying actually when it is blindly assumed by the masses on here that every letter typed by them is acclaimed as 100% factual and will bear. .
Operational update tomorrow 🤞
Jimmy you correctly identified what needed to happen - at least the company now seem to be coming into line
Crikey - a few folk getting a bit giddy !
Paul Griffiths
Quite ironic has anyone been further off in the past re timings than Keithoz
@Jimmy - I'm delighted that our views on timing are at least converging - just 2½ hours ago you were at 'a few months', now it's 'a couple of months'.
Thought I'd bump up this post from madman rob from last week.
Still holds true today.
Pay your money and make your choice.
The rest is just guff. 🤣🤣🤣
As I humbly called it yesterday...SJ will prob start in the next couple of weeks and be done by month end.
They're prob still negotiating running order for sv101. That's anyone's guess but they will be trying their hardest to align timescales with SJ as much as possible.
Fireworks coming into view.....🎆🎆🎆.....bring it on!
The plan as per the rns on 20th Feb is :-
"Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated."
I will be delighted if sandjet perforation starts in three weeks as Keith suggested and the only basis for my estimate of a couple of months is past performance on meeting timelines.
Not doing the company down, just trying to be realistic.
Jimmy
....only to traders....end of message
🤣🤣🤣
Oh, Fordie will not like that , he will now have you down as a rancid cheese on blue mouldy bread sandwich !
The bold,
much as it pains me to agree with you, esp. where comms is concerned (stale slice), does anyone know of the current location of the legendary sandjet kit/ coiled tubing unit? ( filling) which we are now assured is being “ prepared” , (extra stale filling). Anyone?
Today’s message from the bod, while not quite the bumper dream -pumper we have all been clawing for, provides immense hope of something happening, somewhere, soon hopefully in Predator’s 50 ticks prospective acreage of N Morocco. it expect it also helps prepare a better price for the second tranche of bonus shares awarded to the bod last Christmas not yet took.
Meanwhile, a nifty 10+% today for the daily posters. Well worth taking off the table imo.
DYOR.
GLA
Hi Keith Oz,
I bow to your better judgement and look forward to our SJ ops commencing in circa 2 weeks time.
You already are on record saying they would commence late April, so as you now say only the very worst scenario of maximum 3 weeks behind schedule, mid May is the time we put in the diary’s. ..the spreads will take circa 4-7 days to rig up and pressure test , so we should be hearing of mobilising to our location of the spreads by late next week , in your time lines, very exciting times ..
And when primary injection is carried out, that can and will affect more than one field. Economics of scale could be very favourable.
There are some here who are continuing their effort to undermine this company. Today the theme is that "it will be months before the start of the SandJet programme". Let's take a look at the timing.
On 14th March (just 7 weeks ago from tomorrow) we had an RNS of presentation slides in the morning, live presentation in the evening. At 6m10s Paul says (with reference to the licence extension) "We expect approval within 3 or 4 weeks" and "We're happy with the regulatory process in Morocco". Slide 3 shows that "Sandjet ready to mobilise in April 24" and "Coiled Tubing Unit available by end April 24." This is confirmed verbally, and we are told the CTU is being sourced from Italy, so none of the previous nonsense with Tunisian Customs.
Historically, PRD management have only informed the market (i.e. us) on the issuance of licence extensions retrospectively, not on the day of award as some here seem to expect. The licence extension could have been granted within the timeframe stated by Paul - that means it could have been issued 3 or 4 weeks ago, which would mean everything is on track as stated in March.
The worst case is that the licence extension was only issued yesterday; if so. that would mean we are running at most 3 weeks behind schedule. As others have said here today, PRD management will have been maintaining a dialogue with ONHYM on this matter, so they will have been kept informed of progress through the ministerial signoff process, and will have a very good idea of timing. That timing will of course have been discussed with the providers of the SJ gear and the CTU.
Paul also mentioned during the presentation about Customs issues, and that management were dealing with this proactively. Some here would like you to believe that this something that Paul & Lonny are just starting to think about. I would expect that everything possible has already been procured and is on site or at the Guercif warehouse - including the abrasive sand, which although more expensive than the stuff at your local builders' merchants, is hardly an item that will break the bank if bought in advance of licence extension approval.
In summary, we are most likely on track with the SandJet programme, at worst running 3 weeks behind schedule. I cannot see that there is any justification for the 'months away' agenda being pushed on here by the usual suspects.
You seem to be reasonably knowledgeable regarding equipment etc.
What is your line of work?
You also seem to be able to comment on such things with a degree of certainty.
The only thing that will be procured for the SJ ops ( purchased) is the abrasent and some chemicals, being the only tangible permanent import required for SJ operations. I doubt we would get those on consignment.
Everything else needed are under rental spreads covered on service orders or service contracts coming in on temporary import , which financial commitments would need to be entered into as soon as shipping commenced from delivery location to our custodianship in Morocco.
So all I am asking is , did we enter into these service agreement's before we were issued the license that we received today and we committed to costs , or were we waiting for the licence we received today to enter into these service agreements and then commit costs. The 2 different scenarios actually mean very different timescales to potential commencement of operations.
The only word we have is “ we now commence preparation”