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Av
Flip side also true- worth acknowledging positives/potential
Dave,
Never dismiss alternative views to your own. It is a real sign of weakness. Honestly, look at the negatives as well as wallowing in views you want to hear.
Seriously, it is good advice. Ignore it at your peril.
Maybe you will all awaken one day and have an epiphany moment and realise there is more to life than low-quality trolling.
AV .. stop being a twat… well actually they are useful, you know what’s coming.. just sit & watch😎
Howarda,
I agree with your concerns. Let's be realistic Paul will be long retired before any of the possibilities of this company are realised.
He will awaken one day and have an epiphany moment and spend his latter years with close family. He is well past retirement age as it is.
Lonny can't spin plates in three continents on his own. Absolutely no chance., so possibly huge ramifications to the business moving forward and certainly a valid and pertinent question to ask.
Similar drilling costs but it’s like comparing a few puddles with an ocean.
Note Char’s quick dash to take an onshore licence. Must be scared of Predators first mover advantage.
GLA genuine holders.
Muckle
Don't think I was doing anything with TheBold but happy to be enlightened?!
Just suggesting one drill might be preferred over another and OHNYM ultimately holds the ace on permitting
TheBold in TheBin.
Injames, do you realise what you have just announced with the bold one on this BB !!
Good to note OHNYM had a 25% share in Chariots upcoming drill ' the 3 prospects total 74bcf.
Now, if I was the Moroccan government and looking at drilling priorities in the area I'd personally be tempted to prioritise Geurcif over Chariots drills. Hundreds of bcf potentially even greater than 1 TCF is a bit of a bigger prize.
Just what my thinking would be and believe we also have an option on the drill.
Should be Q1
Keithoz has again overlooked CHAR signed contract preceding PRD to drill two wells planned before end Q3 and Sound claiming they are next in line.
Cannot see how two (possible) three wells will be drilled and the rig moved before the exploration permit expires on the 5/6/24. Paul thinks it's on plan, CHAR thinks it's on their plan who is right?
Bold - Behave yourself lad!
I’m not interested in ramping one bit! Been around here long enough to be able to smell the bull!
I’m sure you mean well 😳
GLA
Where have i done that. ? I clarified i own 3 stocks on Morocco , PRD, CHAR and SOU
Trouble is you only want to hear ramping.. that’s fine . However I will post how i see it on all the stocks I hold with out you telling what i can and cannot do .
Bold - Stick to ramping CHAR…..
GLA
Sorry to disappoint but imo there will be no operations during April.
Sand jet spread not due into morocco earliest mid April, along with CT unit late April. As advised by our CEO, customs clearance, mob, rig up, acceptance checks will take very minimum of 2-3 weeks imo.
Chariot should be announcing mobilisation the rig to 1st of their Loukos wells next week in a 2 well deep drill programme including testing, that will take 50-60 days combined.
IMO we commence SJ ops mid May at the earliest and get the SV 101 very late May. lets see.
Hi Keith,
Thank you for the very informative reply, looks like April is going to be a very exciting time for us shareholders then
Have a great Easter weekend everyone, no trading tomorrow or Monday.
@Roxi - I'm supposed to be enjoying a holiday, but is dark, cold & wet, so here goes...
To drill MOU-NE, five things are necessary:
1. Government approval. At the presentation exactly two weeks ago, Paul said that this was on track and expected in 'a couple of weeks'.
2. A drilling rig. The RNS of 5th February said that the SV-101 had been contracted. "MOU-5 is expected to be drilled between 1 April to 31 May 2024 in order to avail of in-country well services that will remain following the completion of the Company's rigless testing programme, which is currently underway, thereby reducing mobilisation costs for well equipment and services." At the presentation he confirmed this was still the case - my assumption is that they will complete drilling before the end of the current SandJet programme, so that they can roll the team & equipment straight on to testing MOU-5.
3. A wellhead, casing, cement, drilling fluid & other consumables. From the same RNS "The majority of the critical long lead items required for drilling are available from the Company's surplus well inventory stored in its Guercif warehouse, thereby potentially further reducing drilling costs." This is the shallowest of all the wells drilled so far, so less of everything is required.
4. A drill pad. Environmental approval for three potential sites was obtained last year. The satellite watchers have identified two possible sites that are in the right location, are the same size & shape as the other drill pads, and have recently been surfaced and provided with road access.
5. Money. It has been confirmed by RNS and verbally on several occasions that this is fully funded.
Oh look, the rig is booked (therefore a deposit has been paid) from April 1st. That's this Monday. Just as well that's a public holiday in the UK - if there was a 7.00am spud RNS, we wouldn't know if it was a prank or for real.
Roxi, MOU 3 is the priority, but they hope to progress all of Guercif, including MOU 5 by summer. This was mentioned in the latest presentation.
Have they announced a firm date yet for drilling the MO5, i seem to have end of April for drilling,
looking forward to the next few weeks , with plenty, from the presentation it was mentioned before the summer holidays?
i wouldn't want the Company sold until that's been drilled and tested!!!