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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 👍

GRH. .. .. ROB is going to have a few days off

As...

Whilst there is a lot more info he could publish

It would be inappropriate to do so

At this stage

#PRD

GRH. .. .., IF...😇

🔽

🔽

🔽

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🔥Testing IS underway

🔥No debt

🔥Nett cash

🔥Trading at Call Option money

#PRD

Andy. .. .. #PRD - I think PEEL have a large buyer

They were all over the bid yesterday and today the same

Soaking up any sellers around 13p

GRH. .. .. This might not be popular

In my personal opinion...

The Loukos onshore licence

Does contain hydrocarbons

But it's not going to amount to much

That's it

CUBE knows .. .. #PRD

Institutional buying almost certainly.

'Interesting' chats with broker/s. Thanks but no thanks 👌

Let it run.

While you're at it, get a bigger boat... 🦖

_CUbE_

Andy knows .. .. .. #PRD - Same as earlier in Jan post 12th Jan RNS...

The big money has read the extensive Friday RNSs and has turned the buying taps back on

Looking for this to hit 15/16p confluence area this week

ROB .. .. .. WHAT IF:

The GEOMETRY

Of the energetic hydrocarbon bearing

Structures at Guercif

ON shore

Were much greater than those at Anchois

OFF shore

#PRD

Keith. .. .. .. The geometry of a cone is interesting. Suppose you have a 1500m high cone, pointy end up. Measure the area of the base. Then extend the height of the cone by 200m, the base area increases a lot more than you might expect. In the case of MOU-NE, from 125 km² to 177 km².

GRH. .. .. .. Posted re many things

Including:

🌟Pangea

🌟Messinian Salinity Event

🌟Deposition

🌟Up-liftings

🌟Geology

🌟Lithology

🌟Carrier Beds

🌟Connectivity

🌟Technology

🌟Financials

🌟Geometry

Folk might very soon want to FOCUS anew on

🔥GEOMETRY

#PRD