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GRH,
I quote you - 'We have a monster by the tail'
Is that monster Titanosaurus per chance?
GRH,
Almost 7 years to the day. π
Regarding the publication of any RNS relating to any drilling results please allow time in your guesstimate for the following:
PRD shall obtain the approval of ONHYM before sending any press release or
answers to any information demanded or requested by any stock exchange regulation
relating to this Contract. ONHYM shall respond within seventy-two (72) hours
following reception of the draft of such press release or answer.
GRH mention Maxim Resources in a post at 19.52 earlier. A little research has uncovered the following information:
About Maxim Resources Inc.
Maxim is an oil and gas production and exploration company based in Vancouver, Canada. The Company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent investment is a Reconnaissance Contract for the Hassi Berkane Block, in the Kingdom of Morocco in partnership with the National Office of Hydrocarbons and Mines.
Keep nurturing those peaches π the parasites have been ravenous today.
Where have you got 10 trading g days from Fred ?
Finger in the air calculation?
I am fully confident we will have news by the 18th.
Either way π― % wouldn't want to be out of contention for the potential prize ahead.
If we break and stay above 16pence this week I envisage a rapid breakout to 20 pence before news lands.
Not sure if anyone has put up the link to the one below. Just explaining the current situation as it stands. Good publicity nonetheless.
Protect an nurture those peaches π
https://www.zawya.com/en/projects/oil-and-gas/london-based-predator-oil-begins-drilling-new-well-in-morocco-hqgbtb6r
A little more info for interested newbies:
Traditional boring
Conventional drilling for oil and gas begins using a drill bit with a large diameter, typically 20 to 30 inches (the oil industry uses the American/Imperial measurement system). Drilling continues until the well must be cased to stop the hole from caving in. At this point the drill bit is removed and a steel pipe, known as a casing, is run into the hole. The pipe is smaller than the hole in order to leave space between the casing and the rock around the borehole. This ensures that the pipe does not get stuck while being put in place.
Once the pipe is in position, the gap, known as the annulus, is filled with cement. This is to give structural support to the well, and to isolate the different zones of rock, water and gas. Drilling continues using a smaller drill bit that fits inside the first casing. Eventually, the bit again reaches an unstable depth. The drilling team has to repeat the procedure, this time running a smaller pipe inside the first pipe and repeating the cementing process.
This sequence of drill, run and cement continues with an ever-decreasing diameter size of drill and pipe until the rig reaches the required depth. At this point, the rig team runs a completion tubing so that production can begin. After all this, a conventional well looks, in cross section, like a giant telescope in reverse that begins large in size and finishes small. Any size up to a 26-inch drill can be used at the top, yet at the bottom the casing that reaches the goal may only be 5 inches wide
Below is a link for people who may not know what the casing procedure means and simply explains to a basic degree what PRD are currently doing.
https://youtu.be/n-A-QXVm59A
This is a special time to be invested in this particular company. Heavy news period ahead and a great team at the helm.
Remember to nurture and protet those peaches π as the parasites will be very active !
ππππ Set those alarms folks !
For anyone who couldn't open the twitter link try this : https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-weekend-edition-sunday-2nd-july-2023/
WWP,
That must be the post of the year thus far!
Kudos π I can see wee Nigel smashing his breakfast eggs this morning.
Never, has a man so bitter, frequented this BB.
When life offers you peaches π
Make sure you wait until they are ripe!
PRD is just out of bud and has a juicy laden future ahead before it needs picking.
Nurture and protect this peach from parasites that want a bite until you are ready to harvest.
Wishing many here a fruitful summer sitting on their hands
The last time the shareprice was around 16 pence.
Paul Griffiths said the share got "overheated " .
The current status of the company is massively different today than it was back then. Derisked and proven resources make this a much safer proposition to hold and indeed increase holdings.
The shareprice IMHO will climb significantly from these levels and test new highs in the following weeks.
With the 'jewel the crown' in MOU4 still to be drilled and tested the potential this share has to multibag should not be underestimated.
We are witnessing the birth of a super share unfurling and it has barely commenced the journey.
Wowzers! Excellent RNS derisking this investment massively. Well done team PRD.
Great update and all round RNS.
I'm still hoping no RNS until early next week. There is plenty of blue sky rises ahead this week to build on the current momentum.
Not far off a day or two of 100% rises next week with the anticipated positive RNS IMO.
Once in a lifetime opportunity if it comes in.
Finally! People are waking up to the potential of this company. It was and is way under valued and has enormous upside potential.
I'd rather see a steady climb in the shareprice next week and maybe a RNS the following Monday to potentially maximise what we have here.
Either way π― % the trajectory is only heading one way IMO. The only question is do I add to my holding?
Share price has consolidated well at around 8 pence. Reporting of the rest of the drill will be defining.