The Book of Cube23 Feb 2024 18:18
Another week of ups and downs in the unfolding @PredatorOilGas story.
The wall of the wellbore has drill mud infiltration (ask why such heavy drill mud was used!)
Small perf. gun ineffective.
Plan: use sand jet tech. Cut through formation damage like butter --> flow gas.
There has not been any significant deviation from the operational plan. Data has been gathered to aid sand jet angles/phasing/shot-density comprehensively target formation.
Mou3:
HIGH.
PRESSURE.
RESERVOIR.
Risk reward remains unchanged, yet stock is 40% cheaper today 🤷♂️ NB:
Geoscience regulatory office will be writing to PRD by end of Q1.
*IF* favourable outcome *likely* #prd will find partner for Corrib South. This could arrive at any time, underpinning current MC.
Recall also Cory Morgua workovers.
MANY value catalysts, not only MOU. *Was sorry to read some sad news about a well-respected poster on X receiving serious abuse.
Remember that simply owning stock might lead to 100% losses. Leveraged positions can lead to almost unlimited losses.
Please take *ALL* opinions as *supplemental* to your own research.