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Is our CEO actually confirmed as on ground Morocco now.?
I believe hartlepoolbob advised pictures in snap chat yesterday but did not confirm ? Not sure if snap chat should be the platform we are using tbh to be updating I read it’s aimed at school and teenager interaction primarily.. surely linked in or X would be a better platform ?
Well Porters, they’ve tested already and it didn’t flow
So that’s it is it?
Its a duster?
....but that's not what PG said, in his infamous Sunday Roast interview back when. He clearly stated that flow testing is for PI consumption. Resource delineation is what buyers are seeking. ...for that end of last Summer corporate sale.
If gas doesn't flow when testing their is no chain. So testing is most important
Incorrect AGAIN Porters.
For me testing is only one link in "the chain", for you "Testers" it's the only link in the chain.
While you tmh don't want testing incase it ruins the dream
I love these "investors" who keep bleating on that the flow test needs to be done "urgently"
Let me translate I've put money in that I need out "urgently"
How big a window do we have to mobilise the sandjet equipment . Extension3 was the reason we missed the last window how long a retainer have we before sandjet goes elsewhere. I do hope PG is pressing for amendments 4 to be signed off
No Amendment #4....no testing allowed.
9 months almost since money was raised for sandjet testing and it has still not been carried out , still no firm date for testing. Morroco is the main prize T and T is a distraction at best. Nothing can move forward until flow testing is complete needs done ASAP PG.
Just a refresher….
“This is the best prospect I’ve ever seen in 44 years in the business and that’s because of it’s commercial attractiveness, it’s cheap drilling, it’s geology first and foremost and I think I’m in a position to say that because I’ve been involved in Libya, I’ve been involved in Argentina, I’ve been involved in Colombia, I’ve been involved in Abu Dhabi over 44 years and I have never ever seen anything where I can spend two and a half million dollars and get a TCF of gas two kilometres from a pipeline with good geology that I’m very, very comfortable with and that’s why I’m a 20 percent shareholder…this is a fantastic opportunity, it’s risk reward is unbeatable.”
~ Paul Griffiths
To be fair, Malcy is a knowledgeable man in the oil and gas business. OK he maybe a mouthpiece and he is no doubt paid to interview companies when they have something to say. But, he was the person who alerted me to PRD in the first place and I was able to buy many shares at a price well south of todays.
Malcy to his credit tried to get some traction with PG last year in Morocco, but PG brushed him off in a rather terse manner which left a bitter taste after a few years of supporting (and promoting) Predator.
I still read Malcy's daily blog, it is quite useful for a general overview of oil exploration companies as long as you can read between the lines.
It’s certainly good to know there are deep fault systems which allow gas migration.
As pg explained previously, the wire line logs required specialist interpretation due to the high mud weights used during drilling, invade the reservoirs near the well bore. While nuetech are experts in interpreting the logs in these circumstances, it’s still an interpretation that requires validation. For this reason, it was most reassuring for prd to advise the market that gas samples had been recovered from mou 3 and mou4, although why it took so long to report is not understood, as it’s the first validation of actual gas being recovered from reservoirs.
While GRH is most enthusiastic about the gas volumes generated , it’s the starting point, I am more interested in the top seal of shales and blue marls as it these rocks which seal the gas in place in most locations. This is particularly important because the basin went through two periods of inversion which can cause lesser top seals to crack and for gas to migrate to surface.
In addition, the top seal rocks may also act as a lateral seal for a stratigraphic trap, which looks likely for the mou fan reservoir. However, without 3D seismic, this will require validation by drilling. Which is why it’s so important to flow test, get into cng production and use the cashflow to drill out the area, without diluting shareholders. That’s why I am invested, so very keen to see flow testing by sand jet as a priority.
Jimmy
SDX today... "The sale of our West Gharib assets represents a milestone in the execution of our new growth strategy in Morocco."
I would not worry about Malcy and his opinion he is just a mouth piece. If you scratch his tummy enough he will purr out anything you want him to say. Obviously CEG did and PG did not when he avoided him last her Morocco. Malcy is very useful when you want to hype up something you have not found he is not for companies who have found it although have not yet tested it. We need to test very soon and we will..
Agreed, testing is a must and ASAP, hopefully news next week.
Have a safe and lovely weekend everyone
MEM
Mumbo: Yet Malcy is enthusiastic about CEG even though it won't have anything to flow test for quite a while (if ever), with a mkt cap of nearly £16m against PRD's of £54m. PRD seems infinitely better value to me. So I wouldn't treat Malcy's opinion as gospel.
MEM - with greatest of respect, no one will take them seriously until they can flow test successfully. Even Malcy has quitely bumped off PRD from his bucket list.
Ps and as PG intimated, add in NuTech analysis plus use of SandJet, a huge step change to fine tune oil extraction.
T&T may turn out to be a huge step up for PRD.
T&T Government need to re build their oil/gas/condensate output.
PRD could become a key player, previous Carbon sequestration efforts & expertise have I suspect opened a lot of doors.
The twin advantage of carbon storage✅ leading to increased production✅ is the future.
It has been stated before that there are approx 5,000 shut in oil fields, some are capable of re starting production through carbon capture EOR.
This is superb news, no expensive oil exploration, the oil is there, billions of barrels.
Thousands of oil fields of little to no value will become valuable again, new technologies to help increase RF plus CC EOR will in time lead to a T&T renaissance in the oil business, this plays straight in to T&T government hands and Paris accord.
Meanwhile PRD will explore our own assets in T&T, deeper sands might surprise, to the upside, perhaps picking up other assets paying cents on the dollar.
T&T has been a slow burner, I think our new country manager is about to take the gloves off.
I wonder what his exact brief is ??
Do we still have exclusive rights to excess CO2
MEM
No, AI has just swiped that from Seabright's Reddit post.
GRH. .. . .. 💯 Trinidad is Venezuela
💯 Separated by a stretch of water
💯 Yes...it's that old CAMP
💯 Again
#PRD
GRH. .. .. Yes
😇Supergiants dwell in Guercif
😇Also... consider the area we now call South America
😇 Many folk have grossly misread Trinidad. The CAMP and the NE- SW trending faults
ALSO delivered the giant hydrocarbon volumes
To what we now call Norway and The North Sea
There are truly great analogues there
'Captain' is but one I have spent 15 years...often silly hours per day...
Macro and micro researching
Almost every hydrocarbon basin of the World
I possess data that would set folk's hair on fire
😇 I am only invested in one small E&P
#PRD
Keith: no chance!!
Omg, AI has put me out of a job.