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Would be a great bargaining tool if as per the SDX returns our contingent gas reserves where also higher than previously anticipated. This alongside the sand jetting might just get us some more admiring glances. That is unless of course our partners have not already decided on who they want to see develop our area.
Courtesy of Proselenes on twitter………. https://twitter.com/proselenes/status/1653526272147066881?s=46&t=-mg6xBWgDz3T2eHXySwmVQ
https://twitter.com/berniespofforth/status/1653306717822767104?s=46&t=-mg6xBWgDz3T2eHXySwmVQ
Thanks Graham. If sand jetting means saving money and it proves successful I am certain we would all be happy if we managed to increase production rates, improve well performance, and ultimately increase our share price .
Sand jetting is a well stimulation technique that involves injecting high-pressure sand and water mixture into a wellbore to remove sand and other debris that may be obstructing the flow of oil or gas. This technique can be effective in improving the productivity of gas wells, but its efficiency and cost depend on a variety of factors.
The efficiency of sand jetting depends on the condition of the wellbore, the nature and extent of the obstructions, and the effectiveness of the sand jetting equipment and technique. In some cases, sand jetting can significantly improve well productivity by removing sand and other debris that are blocking the flow of gas. However, in other cases, the technique may not be effective, and more advanced well intervention methods may be required.
As for the cost, sand jetting expenses can vary depending on the size and depth of the well, the equipment used, and the labor involved. Typically, sand jetting is less expensive than other well intervention methods such as hydraulic fracturing, but the actual cost can range from a few thousand to tens of thousands of dollars per well.
It's also important to note that sand jetting, like any well intervention technique, carries some risks and requires careful planning and execution to ensure safety and maximize efficiency. The decision to use sand jetting or any other well intervention technique should be made based on a careful evaluation of the specific well and reservoir conditions, and in consultation with experienced professionals in the field.
A lot has been said about last weeks interview but the only way to truly know is wait for further returns or go to the investor event. Please try to remember It's important to keep in mind that media interviews are often edited for brevity and clarity, and may not represent the full range of a person's views or perspectives. Therefore, it is advisable to seek out multiple sources of information and conduct further research before drawing any conclusions.
Having read everyone’s comments regarding yesterdays interview, has anyone considered our partners and who they would like to see develop our Moroccan assets? The value to us being talked about may well be a thankyou we have people in mind we would like to take it from here.
Am I right in thinking all returns have to be authorised by our partners?
The only reason it’s so vague is because someone wants it that way.
Why?…….
Thanks for your concern but I’m sure your Good Samaritan side would be best served elsewhere during this current climate, that is unless you have an ulterior motive?
Just logged in to say 58.
Great explanation Keith. It doesn’t beat your teacups in a bath one though :)
What or who led you to invest in this share? Was it a person, knowledge of the sector or a trading opportunity?
I’m currently sat on a 73% gain and for that I would like to thank GRH. That is proof as if some was needed that regardless of how things pan out currently he has done more for me than I could ever ask for. The ball is now well an truly in my court and for that I will always be grateful. Thankfully he still shares his knowledge on twitter. Graham your insight and generosity in sharing your knowledge is MISSED on here, perhaps more than you will ever know. THANKYOU
Hello Predators.
Been a busy Summer. But I do like the Fall more.
I rarely dabble in Main Market and even more rarely in AIM (you learn MANY hard lessons in AIM, of course), but as it stands I hold substantial positions in one of each currently. Had a few others but took the money, and short sold a few of late, just for fun. Joyous.
The remainder of my pending portfolios are currently machine-gunned to bits with delays for any number of reasons. You name it, its going on. This is the climate we are in. Prd is not immune to customs and raw material supply lines etcetera
I would say only two things, be greedy when a asset like Guercif with a heavily upside risk potential is in essence priced as a call option (somewhat bizarrely). Also heed that Predator will no doubt negotiate put options into any takeover (which I expect will be the main battle on successful step out) for a SIGNIFICANT vaule for a percentage or even all of such an asset. A special dividend alone out of a asset like Guercif is worth dipping hands deeply in pocket at this stage. The main risk is likely well bore, or possibly failure of sands to interconnect, but I see that as low probability.
Schedule to drill Moulaya2 very soon. But even if some delays it is unavoidable. That is fine. It will come.
Anyway, who said there has been no drill pad progress? Id personally wager that it is either built or in process of.
Interesting about the potential partner this Summer. I highly suspect these players are in the wings. A small placing with ease and a successful test will be significant leverage on a future negotiation. May have been the plan all along. So retention of full equity is really no skin off shareholders' noses. Nobody gets in bed without a bit of flirting and brinkmanship, not these days. Will find out soon enough.
Be greedy. But be patient. Paul and Lonny are somewhat unconventional and sitting on goldmine, in my estimation.
Seals look good. Filled to spill or Im a marmott. Signs are all there for significant gas and likely deep oil kitchen. MOUNE next.
I'll wait for news, which will come very soon.
(Not-so-Sleeping dragons) Let them work.
I expect an update from the company in the next few trading sessions regarding progress.
Good fortune Nancy girls.
Over and out until January. (And Merry Christmas)
_CUBE_
Communicate with the doom mongers ? In doing so you are as guilty as them for spoiling what was once a fantastic board. If you need reminding constantly of the risks ANY shares pose quite simply you are overexposed. You would be better selling up as this would benefit you not just financially but mentally too. For the rest of you be at one with the filter button and they will go away.Remember though you can always have pro and anti share people who are on the same team,check post history for the ones who have added REAL value to this board as at times it does seem to be the same people talking to themselves a lot of the time.
And there in lies the problem Bob, posters being damn right rude and not reading others posts correctly.
The time has come to stand by the courage and convictions of our investments.
It seems that GRH has been somewhat of a comfort blanket to quite a few of us investors who not only respect his knowledge but have sought comfort in his unequivocal belief in our Morocco license. Now it all comes down to what our individual targets are and how much ROI we believe we can get. Remember yes you have to be in it to win it but also know when to cash out. I do wonder what would of happened if one day in the future Graham informed this board of his sale or his intention to sell some or all of his shareholding?
Thanks for tipping Predator Graham and and all the very best for the future.
Love the analogy, for someone who’s time poor in regards to being able to spend time doing quality research that has hit the nail on the head.
Hi Nigel, I would be very happy for you if you only received a quarter of that figure. :)