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GRH. .. .. .. Folk might wish to consider
⭐The extraordinary
geo thermal gradient at Guercif
⭐The GTG in part of Libya
⭐Specifically, the Zelten Oil Field
⭐The oil and gas production profile of Zelten
#PRD
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.
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. …
Bold, you are reading it wrong. See also page 36.
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
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 ?
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.
If you have invested in exploration expecting to see high fully risked numbers pretesting, then you are not understanding the game.
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
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 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
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.
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
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
Well going by qty of tick ups to his posts , I would firmly say- yes,
I just can’t see where there is enough reservoirs to trap a supergiant gas field.
Is GRH thinking of the Triassic ?
Jimmy
No supergiant Jimmy, just a superramper
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)
There’s definitely a few cults on here with a very anti PRD agenda….
GLA
GRH. .. .. .. Ghawar proved that super giants
Are discovered
ONE DRILL AT A TIME
It took 11 years
Before those dots were fully connected
It is referenced as an OIL field...
That is VERY deliberate
I visited Ghawar
Courtesy of HRH King Abdullah
Euro, you've made a spelling mistake you put 'cults'.
I didn’t want admin to remove it 🤣
GLA
How can the majority believe such hyperbole?
I cannot get my head around how many people are getting sucked in. Someone is constantly in need of having there ego stroked and a platform to incessantly boast and brag of their achievements past and present.
It is a sad microcosm of society this forum. You can see how people can be exposed and ripped off so easily by simply believing everything certain individuals post.
Well, if it all goes pear shaped they certainly won't be ticking up certain individuals posts. I have seen this play out on various forums in the past and believe me it certainly nearly always ends in tears.
For all the abuse I receive on a daily basis. One day you will wish you had listened.
Beat you to it GRH. I was working in all areas of Ghawar on workover from 76 to 80 before transferring to offshore and I dd not need permission or by the courtesy of King Khalid bin Abdulaziz Al Saud. Just Intairdrill which became Pool. Then offshore in Safaniya north and South and Zuluf. until 1988. Then around 96 in the Rub' al Khali developing wells drilled by Santa Fe around 1976.