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GRH. .. .. .. 🌟When I used to T/O whole companies
🌟High on my check list was :
🌟'To whom do I sell this
🌟When I have massively grown the business
🌟And want to realise big cash profit'
🌟IMHE...
🌟In the E&P investing space
🌟COVE was no different
🌟This IS no different
Yes...
I am seriously suggesting the bidders are known
And have been for some time
We are currently going through the value creation process...
Creaming Curve R Us
GRH. .. .. .. ⭐If I was running M&A on something mighty big
⭐I would want to concentrate all news
⭐Into the smallest possible time window
⭐Just saying
#PRD
CUBE. .. .. A little more transfer bewteen the peturbed and the non-peturbed.
Play the game however you can; if you dont, you can be sure someone else will.
Last I checked the Guercif's gas was still there, Cory Moruga still there, Corrib South still there.
All to play for.
🤷♂️
GRH. .. .. ⭐When considering an RNS
⭐It is important to think about
⭐What has NOT been said
⭐Especially if a negative has NOT been confirmed
#PRD
Indeed Zebra. I have to say that to date there have been far fewer operational problems than I anticipated on investing. PG has left plenty of room for manoeuvre if and when required. Most importantly for me he has avoided debt obligations and getting hitched to commercial partners who turn out to be crocodiles 😄. Lots to look forward to .
GRH. . .. Might
🌟Dake be a starting point for research?
🌟Folk want to consider PRESSURE?
#PRD
GRH. .. .. .. ⭐ Folk discussing sand jetting
⭐ Might wish to focus on analogues
⭐ IE high pressure methane gas wells
#PRD
ROB's view:
We are dealing
🌟with big reservoirs
🌟with considerable connected volumes
🌟at considerable pressures***…
🌟Of very high quality gas
🔥NB...
***Such high pressures existing
DESPITE the relatively shallow levels/light weight...
Of the ‘over burden’
#PRD
GRH. .. .. 🌟Would be good if testing penetration
🌟Could go GREATLY through the clagged formations
🌟Into VERY highly gas charged horizons of
🌟VERY high Poroperm
🌟At deposition...
🌟3-5 Darcies
🌟YES...I do mean
🌟3000/5000 Millidarcies
🔥Up to 60 inches 🔥
#PRD
Rights bring responsibilities Venom . Anyway sounds as though you made an absolute killing.
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.
How absolutely shocking. From Parliament to our own investing community this country is taking a rather nasty turn. Thugs simply cannot be allowed to win. Thoughts are with you and the family.
Sorry to see Graham being harassed in this fashion. Not for the first time sadly. More than grateful for his unstinting and generous assistance in all matters PRD. Findme , oilyfred , darvl etc what can one say.
GRH. .. .. .. 🌟MOU3 had to be drilled VERY overweight
🌟 For several reasons
🌟 Not least of which safety
🌟 Some folk might want to research more
#PRD
GRH. .. .. RNS 12th Jan
'Phase 1 rigless testing of a small interval of the MOU-3 Moulouya Fan reservoir'
'may allow the Company to improve upon the design of the Phase 2 rigless testing programme'
'using Sandjet to further evaluate the Moulouya Fan'
#PRD
Best of luck Muckle 👍. Much better day so far than might have been expected. There are of course good reasons for that. Regulatory requirements , contractor availability, weather, my goodness they haven’t had it easy. Best they could do in the circumstances ? For me an easy yes . Some very positive information gained with a clear way forward both technically and financially. GLA .
GRH. .. .. ONE...
⭐ Explosive perf guns give one big bang
⭐ Small perf guns don't even penetrate very far into formation
⭐ They can 'plasticise' the near formation
⭐ Thus further inhibiting gas flow. TWO...
⭐ Sand jetting is time based...
⭐ Can vary hole size
⭐ Can vary penetration time
⭐ And thus 'reach'
⭐ Increasing penetration depth the whole time
GRH. .. .. #PRD
⭐Sandjet starts out with a small diameter
⭐Enlarging as it penetrates the reservoir
⭐Conventional explosives have the opposite effect
⭐The perforation starts out with a large diameter hole
⭐And narrows the deeper it gets into the reservoir
GRH. .. .. ⭐ #PRD
⭐ POSTER ON LSE :
'I don't think i have ever been invested in a company
that has the potential to change the dynamics
of the oil & gas landscape globally'
⭐ ROB :
Nobody has😇
GRH. .. .. .. Sector investors have received
⭐ From #PRD...
⭐ More high quality information ...
⭐ Than ever provided by ANY other E&P
⭐ ROB has very occasionally (!) also provided
⭐ Information and commentary
THUS...
No private investor can ever say
'I didn't know'