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I posted on this subject yesterday, but it appears that someone has posted a whole load of nonsense on the same thread, thus ensuring it is deleted. This is a common troll tactic. So, since there is still debate on who has what drill when, here is my slightly more detailed understanding of what is going on in Morocco.
🦖 SDX are currently using the ONHYM drill.
🦖 CHAR will begin using the SV-101 on the Gaufrette, then the Dartois/Navette prospects. See tweet:
https://twitter.com/Chariot_Energy/status/1775407393771270632
These wells are not as deep as some here would like to claim - Gaufrette is updip from LNB-1 which was drilled by SDX to TD of 1861m - from the seismic, I would estimate the two CHAR wells to be around 1600 - 1700m, so would take maximum 15 days each, maybe less since this is known stratigraphy. see: https://www.euro-petrole.com/sdx-energy-inc-gas-discovery-at-lnb-1-well-morocco-n-i-16632
🦖 Next, SOU are completing their TE-6 & TE-7 wells for production. This is involves putting production casing into existing boreholes - see from 4.00 in this presentation :
https://www.investormeetcompany.com/meetings/investor-presentation-549
🦖 Then it is Predator's turn. MOU-5 is a shallow well, taking probably 8 days.
I don't know when CHAR will spud, but they seem to expect the rig imminently. From spud, allow 15 days for each well, 1 day to move between them. Then 3 days to move to Tendrara, max 5 days for workover of each well. 3 days to move to Guercif, 8 days to drill. That makes a generous 47 days maximum to MOU-5 spud. Please feel free to question these figures, but unless you state why you disagree, it will be a meaningless exercise.
You said mid April yesterday..that is a big change , I may be being optimistic in my spud window for our MOU5 spud now..
So, @Keith, that takes us to around May 21st for MOU-5 spud if all goes to schedule. Jimmy was about right, earlier, then.
I said mid-May, assuming an immediate CHAR start. The times I have given below, as I clearly stated, are generous. Mid-May is still possible, depends when CHAR spud.
Chars 2 wells are deeper than what you state , SDX plugged and TD’d early, well documented. Char drilling deeper into the 3d interpreted Avo from Anchois read through apparently. They stated 26 days per drill. I’m going for our spud on MOU5 as 2nd week June..just my call.
@O&W. The only post I can see from Jimmy is at 11.28 today. He appears to have made his calculations based on SDX having use of the SV-101 first.
Right. Anyway, these dates are all provisional and educated guesswork, but we'll all be happier when the MOU-5 spud occurs, before the permit extension deadline. That's all I'm concerned with for now.
By the way, on another topic, did PRD hear back from the Irish DoE yet?
@thebold. References for depth please? - CHA have clearly stated that the deeper reservoir is the same as the discovery in LNB-1, and updip means shallower. LNB-1 did not TD early, otherwise they would not have encountered that potential reservoir formation. References for 26 days per drill please? Are they taking a fortnight's holiday on the middle of each just to upset PRD?
Everyone is entitled to an opinion, but in order for others to assess such an opinion, it is necessary to have the facts on which that is based. An opinion based on further opinions is not very helpful.
Drill durations were in broker note. LNB1 was TD’d early due to hole issues, they only intercepted 2-3 mtrs of the reservoir.
I agree time lines seem long I still have em at 16-20 days though per drill though.
Plus new operator acceptance audit.. that should be a breeze though.
BTW updip does certainly not mean shallower all the time..seen plenty of updip drilling go deeper. The rig will come when it comes for our SOU5 beast, .i actually don’t think our dates are that far out.
From SDX IR right now…
We are drilling using the Star Valley 101 rig.
Best regards,
Sarah Dees
SDX just spudded so char could be looking at 3 weeks away from getting the rig .,
Jeez we could be 2.5 + months at this rate before we see it on MOU5 !
Keith - can we subtract the 8 days for mou5 from your calculation, as time to drill would be to TD, whereas the debate is about spud date? Either way, it's only a couple of months, and we have the highly anticipated Sandjet before that.
The ramping crew can gang up and shout down as much as they like HPBOB and Private Tesla you two are as bad as one another. But at least Thebold has actually got verified information - better then the tripe we get told from the rampers 'I've heard'. Absolute Tosh.
Thanks Thebold
Another one in the green bin.
That's one of the funniest posts of the day 😂
The bold goes on his other account to big himself up.
Actually, it's not funny is really sad that people have this desire to troll.
The bold, who I filtered ages ago, adds nothing of value.
Pathetic......
Blimey. Someone posts that they have had a response from SDX and it is instantly 'verifiable'. Gullible doesnt even begin to cover it.
I actually dont really care about exactly when our spud will be if it is only a few weeks late. People who do care clearly have bet too much on a high risk bet.
And btw interesting parallels between the timing of comments in here and the SP today. Just goes to show that trolls can effect the price if volumes are a little low.
I wish you all luck. Some need it more than others 🤣🤣🤣
Sarah Dees.
Lovely lady.
Helped organise all those expensive investor events at SOU.
Feel free to email her to trust and verify …I positively recommend that method of investing.
A few weeks late?
lol, talk of sandjets since last September! I imagine this one will roll on until the BOD have finished drinking their bonuses. (Half still to print) - all in the RNSs.
If the permit expires on the 5/6/24 as per the presentation then a few weeks late will matter as the spud will not occur until a new permit is issued. Lets hope they are discussing a longer date for the permit.
Post history is a fascinating function on this site.
It can give you a clue as to the integrity of the poster and also their investment interests.
Waffenburrett has lost money in no less than 3 suspended companies this year and is in ARB and COPL. Doubt those investment decisions had the blessing of any IFAs but you gotta admire his courage and conviction.
Thebold is simply a FUDster. Not sure if it's for shorting purposes, lower entry prices or just protecting his overexposed CHAR position. But it's clear to most rational people I guess. Each to their own...
Dont believe me? Take a look for yourself. It's verifiable for all to see.
Both in the bin for me. I trust my research, understand my risks and have placed my bet accordingly.
DYOR and GLA
“ Waffenburrett has lost money in no less than 3 suspended companies this year and is in ARB and COPL. Doubt those investment decisions had the blessing of any IFAs but you gotta admire his courage and conviction.”
Yes indeed I was in ARB during suspension Christmas 22/23. It returned to market and It jumped 600%. I settled for 400%. Copl is facing potential legal action for what is looking decidedly fishy. We will see…
I like high risk, as are many here obviously, but also gauge bet sizes. I also admit to losses when they occur. I often post on companies I have no investment in as do many investors and traders, inevitably, to get additional info.
The point here, however, is about PRD and reliable information, not avatars’ profiles.
Sandjets, Last time mentioned as being in France somewhere, or under ownership of a company with a French office possibly. Or is there futher clarity on this? Would be grateful for an update on this. Is there verification of the kit’s whereabouts?
WB
Anyone?
Sandjets, Last time mentioned as being in France somewhere, or under ownership of a company with a French office possibly. Or is there futher clarity on this? Would be grateful for an update on this. Is there any verification of the kit’s whereabouts?
GLA.
I suggest you contact the company directly dave.
❤️