Member Info for Adon30

If you want to see how duel listing works. Look at someone like 88e. They are firstly listed in Australia, then on the LSE and on the otc. So nearly traded 24 hours a day!
The trades are across them and one opens on the others close price. As the US and UK overlap early afternoon trading (uk time) involves them both and can see big swings.

If you include the rest of the paragraph you will see that results are not overdue or expected imminently. Maybe July time I'd have thought.

"Further analysis of the results and the impact on enhanced oil production at the monitoring well will therefore be carried out in June."

Monitoring in JUNE. It is June. Hence they are monitoring the process.

https://www.youtube.com/watch?v=u-fzU6QnVFU

Has all of them but Zphr is first

Evening BDT, Yes not great clarity but (if you squint) you can make out that a piece of equipment is in the top left corner. Then maybe see 6 or 7 objects around the RHS that are probably unloading vehicles waiting for the convoy to arrive. It just shows activity, which I know we know already, but always nice to see the extra things happening. Would expect some more videos of rig up, once it is done, from PRD. Looking forward to the business end happening.
A chap with a BB name of Homebrewrus spotted them flaring gas at a Trinidad (TXP) site so the satellites can be useful even if they do not provide great detail.

It was Vegas that mentioned the 50p+ SP just on T&T. I also replied to MEMs post earlier on T&T as well and think that Iniss-Trinity monitoring will be ongoing through June so maybe something before the AGM?? And maybe an update on plans for the Palo seco field collaboration. Expecting the drill to be finished around that timeframe as well so exciting times indeed.

GLA

As we know already from tweet. Rig is moving today.
Some equipment and vehicles at drill site already. Satellite Pic was from about 11/12 today so rig not there by then but expect it will be soon.

https://ibb.co/47V7bFC

(Comparison pic from when site works were completed on left.)

Enjoy

We've got ourselves a convoy

Page 43 of the annual report gives director interest as of 31 December 2020

There are multiple things happening in T&T now so will be interesting to here progress. As Trinidad slowly moves away from their COVID peak I feel thinks will start to progress more quickly. Not just for PRD but hopefully others on the island as well.
I’m not sure how long they will evaluate the innis-trinity wells for before announcing further results but rns did say “Further analysis of the results and the impact on enhanced oil production at the monitoring well will therefore be carried out in June.”
So maybe July time also with a plan for the Palo seco field collaboration as well.
Maybe pick up some further business…..

On the first two I'd say a day or two either way would be about right.
As for testing I wouldn't want to put a timescale on it as it is important to get all data and have it interpreted correctly. The de-risk of the future prospects is very important.

Results would dictate whether MOU-2 or MOU-4 would be drilled next.... maybe both... maybe neither.... we wait and see.
Remember this is not a single prospect drill.

MK111 about 4.5-5 hours drive. Maybe a bit longer with a big rig. If it is already been taken down at last drill then should be onsite this afternoon. Then back up and spud Thursday afternoon or Friday morning….
Sure we’ll have an rns to confirm before the weekend.

My reading of it is if they planed 5 wells @ $45pbo and price is now over $70pbo. The 3 wells that they have now producing are already (almost) providing the income they expected from all 5. When the final 2 come on line next month they will be clearly exceeding their income targets for that acquisition.

So now 3 producing wells running.
2 more wells expected completion in a month. Hopefully this will be just after the start of the paradox lateral drill.
And more importantly within 2 weeks the company has promised an update on the overlying reservoirs in the paradox.

Another good update to keep the needle ticking

For anyone that ones to look at a rig for now :)

https://starvalleydrilling.ca/wp-content/uploads/2020/11/Rig-Specifications-101-.pdf

I do not have the time to search all of SDX acreage for the drill rig. It was hard enough to find PRDs and that had maps and references and all sorts. Still took me about a month of searching....
Anyway there is nothing else at MOU-1 as of yesterday.
And 'Head Nail On' not necessarily in that order. SDX are drilling production wells. They will perforate and log & test each before announcing their results to market. I do not believe that any were exploration only (but happy to be corrected).
I do expect their drills to be completed now but the only thing I may have got wrong with my calculations is the rig up/down times and/or any breakdowns that may have occurred. These can always add delays.
We are in the window now so the business end is about to start. Looking forward to seeing some results and hopefully everyone has read through what is being expected.
GLA

Hi wacky, firstly congratulations.

Agree with you that the annual report holds some amazing info. Many on here including myself have suggested people read it.
Some great info on all of the projects and aspects of each.
I did wonder when looking through the team as to how they managed such projects. They are the glue that holds everyone together through their mass experience and having such a committed group at the helm provides great confidence.

Not sure if anyone found the original grf-1 well. There are mentions of soil samples in the area of that well showing signs of gas and condensates in other reports such as the pathfinder. But not sure they ever found precise location.
MOU-2 and MOU-4 are my main focus of this drill and extremely interested in what data is extracted to de-risk these two. Other interesting aspects in this drill as well and people need to understand this is not just a single prospect.
Also for people who have read all the information that has been published by PRD what are your thoughts on the potential bonuses available within the Morocco contract?

CO2 also has great expansion opportunities and more news is expected on them in the coming weeks/ months.

NM no problem. Yes I see it that way as well.
Have a great weekend

I’m not in front of my notes but week beginning 14th was always my estimated date (revised) for drill. I’m sure I mentioned quite a while back the distance from rharb to guercif. I noticed it was in the report and wondered on the relevance of the information.
Agree. We won’t be waiting long for drill or actual completion. A few days here or there will make no big difference now. It’s nearly time….

Evening BDT. Not a big update and never showed for me either but something I could see 3 days ago anyway from the satellite images.
By my reckoning star valley rig should have nearly completed (or completed) their requirements by now or this weekend at the latest. Still feel that the rig could be at MOU-1 and drilling by next weekend. Although saying that and knowing what this single drill could unlock, a week later would make little difference. Eyes on the prize….

MEM I don’t think a lot of the trades today were sells. A lot of buys going in today.

However after reading the annual report, reading the presentation and reading the annual report again. If people are not yet aware of what any of the now 4 possible outcomes can bring I suggest they read these.

If people do not understand the MOU-1 drill or the prospects potential that it can unlock. Then read the documents mentioned. I have.
As been said many times before this single drill can be transformational on many levels.

NM I do not believe there will be any dilution unless they fund raise and issue new shares.
My understanding is that the shares are the same amount/volume across the markets.