Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Thebold
He isn't saying it is Ghawar, he is saying his analysis points him to believe there is a strong read across to other large fields.
If there are two large structures MOU5-Mou4 and MOU1-3 is all connected that's alot or Oil/Gas.
By all means disagree but no reason to drag others thought process down in doing so.
I think GRH output is valuable here as is Methodology/Keith Oz/Seabright etc (there are many others)
No supergiant Jimmy, just a superramper
I just can’t see where there is enough reservoirs to trap a supergiant gas field.
Is GRH thinking of the Triassic ?
Jimmy
Well going by qty of tick ups to his posts , I would firmly say- yes,
Comparing Gueriff to Ghawar is abit like comparing Leyton Orient (No Offence) to Real Madrid.
Are people that gullible to believe all of this hyperbole
The Bold is right let us not go over board on this yet. This is possibly maybe a very high quality find that in time might rival a supergiant but as yet we are not even in the foothills of this mountain. We have no idea how tall this might be that all we have is this couple of BCF's.
Having said all of that is the potential there for this to be mega i think that is possible but by no means am i assuming it to be a given and am not even sure i want to stay in that long to find out. That could take a few years and i do not think it will be us that finds it. I think we would have sold on long before then.
I think we find hopefully a significant find and sell on the potential as much as the reality. If we are lucky we get taken over part of the buy out will a share for share deal with a major as their pockets will not be big enough to buy out right. Now that is hype and maybe excessively so but who knows. I know i do not. GLA
How can you even reference a fully proven 50 billion barrel crude oil supergiant ( largest in the world ) to our currently 14bcf of 2c fully risked prospective and contingent resource of gas as per the TRACs report is just beyond me ! 11% gcos for MOU 5.
I hold for the outside chance of good potential , however a new super giant I would ascribe currently as less than 1% chance of actually proving, .You have them hooked on here , absolutely and totally down to the gullet.
GRH. .. .. The mighty Ghawar (see my pinned post)
Took over 11 years to be discovered
Paul Griffiths has been focused on Guercif
For over 12 years
Current shareholders are involved in the venture
At a VERY major culmination point. No...its not Ghawar
Nothing else is
But it should prove to be
One of the World's great discoveries
I for one appreciate GRH feedback hope he continues to post and appreciate Foot and Mouth posting what he says for those who havnt access to twitter .
GRH ,in which technical coverage/report in the domain has Guercif been designated/described by industry experts as a super basin at this stage ? please could provide a link to this ? ( sorry F and M, looks like you will have to go up and down the mountain again )
GRH. .. .. .. The Guercif super basin is a good analogue of Zelten
Not just the high graded 55 sq kms Jurassic
Not just the 177 sq kms identified Jurassic
But the whole damn thing
(This is a tad bigger than I may have mentioned 😇)
#PRD
Please can someone post the article from the Times…..unfortunately it’s behind a paywall.
The article in the ST just noted that Predator was one of only two companies that could qualify for license extensions as new applications are not allowed - it's still up to the DECC to decide if they will actually actually approve the extensions.
I think a bit of a surprise that we have not had a RNS on Ireland as yet. The news came out in the press over the weekend so i would assume that PG was informed at the back end of last week. Is it possible there is more going on behind the scenes. Just wondering.
Again thanks brv, in james we trust the licence is extendable to sept 2028 so plenty of time to gas flow test and sell it on in morocco,the money can then be used to explore the 16 other areas of interest just in morocco,trinidad also looking to be valuable with a tcf from all of the old wells,sandjetting etc will clear the wells for better flow,this is a long term holder for me, many fingers in 3 pies so far.
So now no one can get a licence for gas/oil in irelands waters and only the 2 companys with existing liscences,pred being 1 of the 2 on page 97(thanks brv) it states we might have almost 1 tcf of gas in the ground,has this asset now gone up in value by a large amount as the green party must be happier with a local source of gas compaired to the impact on the environment of transporting large amounts of cng around the world for irelands needs when its not a sunny/windy day? as its offshore 40km would this be sold on to someone with bigger pockets than prd,as cost of drilling would be many millions just for 1 well, plus the cost to onshore/pipeline .
When the russian invasion of ukrainne ment our gas prices soared,it wasnt until the people charged with unloading a large vessel of cng at a british port found it came from someone who got it cheap from russia,was it turned away and british gas/centrica had egg/sh**e on its face for not checking it out . its the same as electric companys saying they only use green electricity,very hard to prove as a consumer,as if was from a wood powered power station they were saying the co2 wasnt from the uk as the wood was cut down in a foreign country... mm..
If you have invested in exploration expecting to see high fully risked numbers pretesting, then you are not understanding the game.
Porters, you know they've been trying to organise that for at least the last 6 months, right? Bureaucracy and logistics have not been aligning.
Hi matt, I am reading the fully risked TRACS 2c numbers , and that is what they say, the page you refer to is mentioning the un risked high case ( 3c) from our interpretation and even those numbers add up nowhere to near what some are saying here. There is a massive difference from 2c and 3c and from fully risked to unrisked ?
Prd might want to consider getting on with testing the wells that have drilled and prove up what they have already. They have raised the funds several times to do it. It is the only thing that matters and the only thing going to move the market cap positive
Bold, you are reading it wrong. See also page 36.
It's you
Is it me, or is the pumping here from usual suspects sounding just a little more desperate. ?
i have reread the TRACS report and I cannot understand how the in place factual 12 bcf [ net to us) 2C fully risked prospective and contingent resource is turning into multiple TCF as a near given. Perhaps high profile rampers instead of pumping with complete waffle that hardly anyone understands, it may be better to go back to basics and extrapolate just how we could/would reach multiple TCF from the currently in place TRACs report numbers ? This would serve our cause better I think.. meanwhile hopefully we hear news on SJ commencing within next 8-9 days as advised by high profile posters. …
Pardon me for asking, but if the geological terrain at Guercif is so blinding obviously on a scale equal to the biggest previous N African finds, why on earth hasn't at least one supermajor been crawling all over it, with success, with their combined manpower and scientific resources?
From now on, I'm switching off until PG issues those long awaited transformational flow test and MOU-5 drilling RNS(s).
Nothing else really matters.