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ROB. .. .. #PRD
Raised more than anticipated in the recent placing
Now folk understand why
Funny old World
➡️➡️➡️➡️➡️ 1000 ⬅️⬅️⬅️⬅️⬅️
GRH. .. .. ➡️➡️➡️➡️➡️ 👓 ⬅️⬅️⬅️⬅️⬅️
It is now clear...
The 1000 👜 is ON
Absolutely bloody outstanding
From Paul, Lonny and Moyra
Thank you
💥💥💥💥💥
#PRD
Ian Cassel. .. .. “ Many investors have a mental hurdle around averaging up. But a growing profitable company can remain cheap as fundamentals backfill into higher stock prices. Also - often times a small stock is a better buy at a higher price, as it transitions from a speculation to an investment. “
CUBE. .. .. "Successful companies are first discovered by smart retail, then by small institutions, then by large institutions, and then finally by dumb retail.".
Re-entry of MOU2 is
*HIGHLY* likely to occur.
There are no resources yet assigned to MOU2... but there will be. And then all bets are simply off, and current hesitants will be calmouring to get a bite of the #PRD So So So, buying then as 'dumb retail'.
GRH. .. .. RULE ONE
Of running M&A defence
🌟Do not be caught with your trousers down🌟
RULE TWO
Of running M&A defence
🌟Repeat RULE ONE🌟
GRH. .. .. IMVHO
The 'race to the finish'
Is being played out in REAL time
Those ITRs
Would have required serious 'modelling'
WHAT IF:
Such 'models'
Once produced
Can be QUICKLY and accurately upgraded
Based upon the ACTUAL
Testing and drilling results
🔥👓🔥
Colon. .. .. Jasper13
@Jasper13_01
AIM investor for over 15 years.
Jasper’s thoughts. .. .. .. Could it be that if you are going to hive off specific assets you need a specific ITR for said asset?
GRH. .. .. ROB has mentioned it before
But folk might want to consider
💥WHY did #PRD commission two ITRs?💥
Both very major pieces of work
GRH .. .. 🌟The GRF-1 Formation Integrity Test
Pressure at 1700m
🌟The MOU-1 Leak Off Test
Pressure at 1700m
🌟Indicates they are communicating/connected
THROUGH the fault
#PRD
Looks like it really is acting as a powerful conduit
At least at such depth
GRH. .. .. Strange but true...
The quick fire RNS's from #PRD
Dated 6 , 12 & 19 July 2021
Contained not one
But THREE
Of THE most important announcements
In the E&P sector
For several decades
GRH. .. .. This was published some time ago
It is in the plainest of plain sight...
Courtesy of the extremely generous @Method314
reddit.com/r/PredatorOila…
ROB has been told that
There are still folk 'investing' in E&P
Who have not even studied that data
Surreal🤬💯. Methodology. .. . .. I estimate that the chance of Mou-1 flowing at 86% and that the chance of it flowing greater than 2 mmscf/d is 99%: That estimate is also true for the other choke sizing given that Mou-1 is productive enough for the choke - Looking at the logs I and pressure regime, I would say its very likely that Mou-1 would flow bigger choke sizes.
e.g. Now using a mid range choke:
32/64" Choke = 13.2 mmsef/d (6.6
- 20mmscf/d) @ 99% P.I.
So given that Mou-1 is productive enough to flow a 32/64" choke:
There's a 99% probability that it flows between 6.6 - 20 mmscfd, with the most probable value being 13.2 mmscf/d.
I purposely went with a choke on the smaller side to be conservative.
GRH. .. .. PART ONE 'A'
Folk might want to consider the nature
And SCALE
Of a charge mechanism
That would deliver
The high pressure gas found at shallow depths
Years ago
The greatly displaced thrust fault between
Shaikan & Sheik Adi (S/SA)
Confused several Majors
But not ROB
IMVHO
S/SA was only a rounding error
When compared to
The charging / faulting system at Guercif #PRD
PART TWO = IN DUE COURSE
➡️➡️➡️🔥💯⬅️⬅️⬅️
Jasper .. .. . #PRD day 6 of testing. Going to be an interesting next week as accumulation from the institutional buyers continue.
Does any potential suitor show their hand when results known? 👀
Rob I think you make some excellent points . There’s growing disquiet in Ireland around some of the more utopian policies fashionable in current administration. The greens will always have a base support but in a PR system there may be space for those with a different view to play a similar role to our advantage. I’ve always thought that a more balanced approach is inevitable. Even with a difficult political environment I do think there is some value in our Irish assets and as the case progresses so does that value. As a buy and hold fellow my view is that in all three strands of the business the major rewards will come with the deals not the market
Enlightened self interest SYD. Different beast. Oh and Keith ain’t FD..
If one considers the figures contained in Keith’s previous post and the incredibly low figures for commerciality then Morocco alone makes it an easy hold imo. If let us say a ‘ group ‘ of well informed individuals now wish to build a position then given the multiples on today’s pricing which they are now confident of ,it would require walking the price up and down at gradually higher levels to encourage modest profit taking . If this is occurring then it will be a genuine sustainable re rate.
Even I had to laugh at that one Fred 😄. Having said that it’s Findme you have to worry about. He normally brings the SDE to this board. Won’t be happy with you muscling in. Hope you are making a few quid 👍
Andy’s buying. .. .. #PRD - Added another 50l at 13.475p.
NT to buy now
Should see 13p support and market still bidding for stock
14.5p gap filled, next up is a push into that 15/16p zone as we await flow test results
Don't forget Trinidad or even Ireland tho could spring a surprise or 2
Keith’s morning post. “
For your reference, a combined total of 50mmcfgd, at a profit of $10 per mcf (maybe more), would bring in $180M / £142M per annum, potentially giving a forward P:E of 0.5. Just for the first 3 producing wells from this area. “. With a p/e of 10 this would imply a 20 fold multiple of today’s share price. Should we then progress to 150-250 mm with costs covered and higher margin sales then the figures are impressive to say the least. Once institutional buyers , family wealth funds etc are assured not to lose their clients capital then buying pressure will be off the scale . Thank you yet again Keith 👍