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ROB's view FWIW:
Lid has been kept on RNSs for political reasons
Delays HAVE BEEN, similarly, out of #PRD control
This is one of the greatest discoveries of modern times
➡️ By all means...Ignore ROB's ramblings ⬅️
GRH . . . . . . Hydrocarbons migrate
They do so predominantly vertically...
Hence
1 ...E = POR x PERM x Charge
2...The STAGGERING RNS RE MOU3
issued a few months ago...
Yes, all horizons should be full😂💯
But given sufficient ENERGY, they also do so more laterally
To reach substantial distances, they need
CARRIER BEDS
which they fill ...
Then continue migration/fill/migration
#PRD has these
In abundance 😇 I strongly suspect that
The prime movers at #PRD
Will be hard at work...again...tomorrow
Oh yes...
ROB almost forgot 😂💯
Again of little consequence
Soon enough to drill a very large Jurassic structure
Of yet more multiple TCFs
Yes...'T' as in TRILLION
Some might even recall ROB posting endlessly...
'Here for Morocco'
Oh, how they laughed
GRH . . . . . . . ROB is greatly invested
In a tiny company
Debt free
Soon to be awarded
Exploitation Concession
For one of the greatest gas finds in 20 years
A company ALSO about to generate
VERY large free cash flow from oil sales
Without raising ANY new funds
That's it 😂💯. Oh yes...
One more thing...
Of no consequence whatever 😂💯
It will then achieve P1 status
DOUBLE P1 status
In two Continents
Good evening 😇
GRH . . . . Until now...
folk on LSE have not paid much attention
to the Balance Sheet
They WILL ...they REALLY will
They will want to consider what will happen
upon successful testing and GSA
YES...
1P Reserves status
TOTALLY TRANSFORMS Balance Sheets KEITH . . . Reserves can be capitalized not just for Morocco, but also from T & T. I think my PWC manual is still current, S 2.3.1., p.14 is relevant: pwc.com/id/en/energy-u…
ROB . . . Folk might want to study the RNS of 30 Nov.
In particular, the 'substitution' plan
It looks very much as if the Moulouya Fan interval ALONE
could provide both sufficient gas for the CNG project
AND be proven over substantial areal extent With all that implies re 'Resources'
There are at least TWO sets of doors
About to overtake Mr Musk's satellites💥🚚
GRH .. .. ..
The drill crew performed miracles💯
I single out controlling the unexpected
highly overpressure and very shallow
11 metres at MOU3
It was a very big deal. That overpressured gas
validated shallow trap integrity...
Boy, did it💯
Of course...
(Many folk have lost sight of this)
It thus identified a VERY clear pathway
Re migration of deep gas into
the next SIX targets to be evaluated by MOU3
That is big news
GRH . . . . . Folk on LSE wasting their time debating old stuff
As Rob correctly pointed out whilst drilling...
MOU 3 changed #PRD
MOU 4 changed Morocco
And yes...
MOU 5 will change Europe
😇😇😇
ROB . . . If ROB was still running defence strategies
(see profile)
Would NOT want any wet powder
Defence HAS to have DRY POWDER
Preferably a LOT of it 😇 ROB is here for MULTI £...not pennies
😇 Does NOT want #PRD to disclose TOO much
😇 ALL test results must be publicised
😇 REAL danger of unwanted bid
😇 BEFORE the BIG one
🔥💯
ROB posted ages ago that
#PRD would develop first mover advantage ...FMA...
Re volume gas in Morocco
ROB was WRONG 💯
It is not FMA
It is now OMA...IMHO
As in ONLY Mover Advantage
ROB now estimates the following:
SOU / SDX /CHAR onshore...rounding errors
Anchois...2029
Sorry ...
It's brutal
As to Guercif?
2024 💯
ROB . . . . On my calculations
And in my humble opinion...
The deal that CHAR announced re Anchois
Confirms the date for their first commercial gas
to be EVEN further away
Than I had originally posted
MANY months ago
ROB . . . . . Following my X commentary re Anchois/Chariot
Folk contacted me noting that
I have been quiet of late
I will merely say:
Folk might wish to calculate
HOW many years THAT project will take
To HOPE FOR
Production & sale of gas
The contrast with Guercif #PRD is stark
ROB . . . . #PRD
Folk might want to consider
All the parameters that can be measured and reported/delivered
By INTER ALIA
The Pason system
Powerful thing...technology😍💯
😇😇😇
Irish Offshore Operators. . . . . . Gas from the Corrib field in Mayo has an emission intensity that is approximately one fifth of that for produced natural gas in the UK North Sea and one thirteenth of that from
LNG imported from Qatar to Europe
Gas produced in Ireland has less emissions than the gas we are importing
GRH . . . . When the true scale of Ghawar was finally discovered ...
(Took 11 years I was told whilst in Riyadh)
Somebody will probably have uttered these or similar words:
'Good grief...
It's all BIG
It's all CONNECTED' I have no doubt
That similar words will be uttered...
MUCH more quickly
About the mighty Guercif
#PRD
Dave knows . . . . NED Carl Kindinger bought 210,526 shares at 9.5p. "His major achievements include identifying, evaluating and promoting major investment projects...mergers and acquisitions... high level negotiations with JV partners...."😏. I added today 😎 #prd
GRH . . . Re Chariot
That is no free carry!
Read the terms
Look at how the Capex costs have escalated
That's what 'offshore' does...gobbles Capex
Just as ROB has been droning on😇
GRH . . . . #PRD
'The Sleeping Giant'
Correctly highlighted:
The enormous OFFSHORE capex costs
For Anchois...
Against the very low ONSHORE costs
For Guercif
ROB highlighted it several times
Not so much a disparity
More a yawning chasm
😇😇😇
GRH . . . . . . ROB strongly believes those carbonates contain
VUGS 🚀💯
The INCREDIBLE Adnan Samarrai 🙏
Believed so too 💯
Most folk have NO idea of the scale of this