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GRH .. .. . ROB has previously referred to
Self Organising Systems in Nature
Such systems derive from processes :
🌟geophysical
🌟geo-chemical
🌟bio-geochemical
🌟geo-botanical
They may sound irrelevant
To the CREATION of hydrocarbon ENERGY
BUT...
They are sine qua non💯
#PRD
So my corpulent ankle biter, are PRD at this moment in time nearer to two years delayed from an early 2022 presentation or not?
Are CEO's obliged to not talk down their operations? PG is confident that SG testing commercial flows/volumes.
Ergo there is a probability that some or all tests will fail. Hopefully from an investors point of view they will all flow.
Mag Mell in my opinion will never happen. EOG's recent analysis proves without doubt that indigenous gas has a fraction of LNG's emissions: production obviously, not end use.
Comedy gold you say ?
BDSM dungeon much ?
Liam!! You’re back!
Agreed, Nige is a bit of a twat😎
I can't filter you Nigel.
You're Comedy Gold!
How's Harl coming along Noddy boy ?
🎠🎡🎢
Of course there are those who are eternally but irrationally negative. Just ignore them. Filter all balanced or bearish posters if you wish.
It is part of a CEO or MD's role to promote a company. They are 'confident' that formations will flow commercial gas but that is yet to be proven.
Very very late on early guff about CNG production and downstream sales...
we should be due the annual report any time which should have a post period end update.
this should be easy as they can cut and paste the below from last year
the moulouya fan has been identified as a sizeable asset capable of in itself potentially supplying all of the current industrial market's cng requirements. it will require additional wells over time to maintain and scale up the gas supply, but the priority at present will be to complete a drilling and rigless testing programme to validate the commercial cng concept.
that we still have not validated this despite it being stated as a priority at the last period end is frankly a bit ****. still, let's see what is said in the statement as they may be further on than we realise. no news on plans is not great in terms of shareholder engagement.when results are released.
Current global rig count is 619, was 748 a year ago but alas it is the type of rig and mobilisation cost that are major factors for operations.
No point bringing in a rig from 5,000 miles away when one is closer even at expense of a month or two delay.
Let’s try something different, if you have nothing sensible to post re PRD, let’s try a little self restraint.
Ah silence, beautiful.
Goes well with the thread title 🤣
I have always said that there is much merit in setting up a "Hand in a Moron" scheme, where people can go down to the local RSPCA and hand themselves in to be put down - as a service to the greater good of the planet.
WarrenBurret should avail himself/herself/itself/whatever of the service as soon as possible.
And, if he took Little Nige with him, he could possibly get some kind of discount (hand in one Moron, the next is free).
If you dont even know which companys are on aim,in the bin you go,hissing sid,aka the snake charm/ (less)man
O & W ; in regards to securing another rig in Morocco, I recall a conversation I had with someone @ Shell over an 18 months ago , and he indicated that there was a shortage of rigs globally. I’m not saying this is reason in 2024 , but it could be ??
ONYHM also have a rig which SDX use.
A related question, which perhaps the Morocco O&G experts here can answer, is, given the acute demands on timeslots for SV101 by 3 separate entities - SOU, CHAR and PRD - why hasn't some enterprising drilling outfit already arranged to import into Morocco a second rig plus supporting rig crew? Right now, the one and only drill rig and assembly can be leased out at monopoly rates. The drilling outfit must be creaming it in, and clearly has no need to introduce a second rig to upset this cosy arrangement.
If the answer is that Moroccan import restrictions make it next to impossible to bring in a second in-country suitable rig, then I throw my hands up in frustration, thinking the Moroccan left hand doesn't know what the right hand knows (about the mega potential of Guercif at the national level).
Can someone please explain?
O&W
Don't think the other Petroleum Amendment agreements were advised by RNS if they were 6 monthly also as just had a skim through a few RNS' - granted not forensic, just as I race from sons football to daughters swimming.
Think it was mentioned because of the impact on testing so imagine it is in placement. Expect Sandjet kit is also being amassed as we speak with a view to commencing in May.
Jez ladies and gentlemen give it a rest.
As per the company's Feb 20th RNS detailing progress made and forward planning for rigless testing in Guercif:
"Phase 2 rigless well testing
Phase 1 rigless testing information has confirmed Sandjet as the preferred choice for perforating multiple zones in MOU-1, MOU-3 and MOU-4 for rigless testing.
The Sandjet rigless well testing programmes for MOU-1, MOU-3 and MOU-4 will be finalised and thereafter Sandjet will be mobilised to carry out the testing operations.
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."
Comment: I take it from the last sentence that the necessary PA Amendment #4 has NOT yet been received by PRD, so that PRD cannot progress the sandjet testing as yet, or else we would have been notified via RNS by now.
But it should be noted that on previous occasions, we shareholders were told we would be kept up to date and yet PRD changed the timetable, or a change was forced on it by circumstances. So anything could be the situation currently, given past experience.
Not to mention having a MOU-5 Well planning update.....
A new month starts next week, so I'm hopeful we will get a comprehensive Update RNS.
Always you say?
https://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=UK%3APRD&insttype=Stock
Micktrick,
You say : Still waiting for 6p AV? How’s that going?
I will keep this little beauty and remind you in 2028 when they may start testing. Let's see who is right in the long term. This always falls back to 6 pence and lower and you well know it.
Still waiting for 6p AV? How’s that going?
“Spot on”
REALlY
You pair of 🤡 ‘s
PRD isn’t on aim
Post of the week from the editor below:Bang on the money!
WaffenBurret
Posts: 753
Price: 10.00
No Opinion
RE: Filtration SystemToday 12:54
“ this was a highly informative bb with many knowledgeable people, generously giving there lifetimes knowledge for FREE”.
Rubbish. This board, like all online chat boards are merely loaded with pumpers and dumpers trying to outsmart one another to make small trades at the expense of knaves and novices.
Nothing is FREE. The company bods are on aim to take your money and sustain a quality of life, taking as long as possible to uncover their apparent treasures. Occasionally, (0.0001% of the time) there is a winner - briefly. The law of investing is boring, long-term, statistical and probabilistic. Those posting on here perpetually, ie daily, haven’t a clue and are really gamblers seeking entertainment. AT YOUR EXPENSE.
On specifics, whilst here, I note the continued sandjet mantra. This operation is a joke
And you’re all falling for it. I got lucky, made a penny on the gas of 2021/22 when it reached 20p.
Since then, as with so many of these would-be discoveries, the SP movement has been accompanied by dilution and hot wind.
GLA.
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