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Too low Fred ? 😄. We will have real figures to work with soon enough. I expect them to be excellent at the very least.$7 bn in this industry is a significant but not unheard of amount. The most unusual factor is for a company of our size to be in the mix. Hard to believe but that’s what PG has made a very real possibility.Whatever the final figure is you’re going to do very well.

GRH…..

As pointed out by Keith

before he went for well earned sleep in Oz...

Figures compared with 2022 CPR

1...MOU-Fan area:

Increased by perhaps a third

2...Thickness of potential reservoir sands:

At least doubled

Maybe treble

Additional shallow gas

will potentially be found over an area

that is a multiple of that previously expected

The gas expansion factors used in the CPR do not (IHO) take into account the significant overpressure that has been seen. The CPR used a gas charge of 66%

which is lower than elsewhere in the Rharb basin

Finally...add to that the likelihood that at least some of the 200m thick reservoir in the Jurassic 126km² structure will be gas charged

😇😇😇

There’s been a longstanding and imo sometimes coordinated effort against Graham and his family on this BB. Likely to intensify. It’s a very big prize.

Asked for Jonnys post to be removed. Really not on

#PRD have the astute worked it out yet? Anyone wonder why there is a certain amount of radio silence and keeping matters/numbers close to chest?

Wait for the big reveal after testing and revised CPR!👀

Some might care to note

the increase in sand thickness of MA-1

MOU-3 was 11.5 metres

That exceeded even the P10 forecast...of 10 metres

Yes...P10...not P50 😂😂😂

SO...

What about MOU-4?

BLIMEY

26.5 metres

That is NOT a typo 👓

Market does not understand...

MOU4 has encountered THICKER sands

than EVEN MOU3

MOU4 is UPdip from MOU3

Gas RISES

QED

👓

#PRD

Interesting to note the increased sand thickness of MA-1

MOU-3: 11.5 metres versus a P10 pre-drill forecast sand thickness of 10 metres,

MOU-4: 26.5 metres of sands were encountered

GRH - - .. In my opinion...

Today's RNS from CHAR

is THE clearest possible admission

Of THIS brutal fact:

Offshore vs BIG onshore =

BIG onshore wins 🤐

BTW...

Small onshore vs BIG onshore =

BIG onshore wins again 🤐

#PRD

GRH - - As I have been saying for ages

In my opinion...

#PRD has changed the financial dynamic

For EVERY other E&P in Morocco

😇😇😇

The CHAR dilution seems to be going down like the CONFETTI at Mr Osbournes nuptials . First to production at scale will have the Morocco market and the deal to go with it.

Difficulty getting funding for the offshore development as predator steals a march ??

Have added. Decent opportunity

They’re mining emotion

LL - Great question. Poor old Keith. Must be exhausted 😄. Presumably in near term we will be asked to approve a deal.Guidance both welcome and necessary! 1). Before deal is finalised others may come forward with a knockout blow. 2).Pred will be a long term royalty play. 3). Fully funded for Trinidad,Ireland and renewables. 4). Unbeatable management record. 5). Market mania aka The Robin Hood effect. All potentially real positives

😂

Great posts this morning. I particularly like the focus on risk. Sober and sensible. I was surprised to see that CHARs share price was over a decade ago in excess of 260p. Tough business. If we have what I strongly believe we do then given our speed to market and rock bottom production costs it’s difficult to see any other producer being able to compete in Moroccos domestic market. Add in of course the life blood of any business which is rapid cash flow and you have a formidable advantage. I know many here will be invested in other local prospects and I wish them nothing but the best but if I were tasked with making a very large decision in Morocco I would wait until predator has hopefully roared and then move at pace. Soon to know.

I heard the House call a minimum bet of $200m for 40 BCF. 🎲

Minimum. Bet.

That is the minimum bet to even sit at the Table. 💲

Do the math.

And don’t forget Trinidad and Ireland. . . . . .

Jasper I have never seen a company of any size with a more open , conservative and committed management than team PRED. I have never benefited more from such quality research generously shared over several years. The time frames are short and the figures are extraordinary. Best of all , ones involvement is entirely voluntary. 😄. Ps Doombus ! Made me laugh.