Member Info for highlandmatt

I've found it is unwise to promise timescales when you don't know how long something will take. PG is not an idiot.

This is in the RNS. Review mud strategy and test Mou-1 in the meantime.

Forward Plan

The mud programme and its compatibility with the previously not seen sand-rich geological formation represented by the debris-flow will require re-evaluation to achieve a more cost effective rate of penetration.

The debris flow potentially forms a highly effective seal on the underlying Moulouya Fan. The thickness of the Moulouya Fan reservoir interval is expected to increase between MOU-1 and MOU-2 based on the sand content of the debris-flow penetrated in MOU-2 allowed an extrapolation across to MOU-1 to be made.

As a result of this the MOU-1 perforating and testing programme will be more focussed and extensive in the principal zone of interest to determine potential connectivity with the seismically defined area of the Moulouya Fan between MOU-1 and MOU-2 that is interpreted as potentially gas-bearing.

A re-entry and deepening of MOU-2 will be fully evaluated once a solution to optimising the drilling mud programme and mud properties has been completed.

That raise at 8p for extra testing seems a good move now, eh? My guess is the plan is to use the Mou1 test to look at the lower possible connection to Mou2 (Tortonian?). If that is good, worth drilling on. If not, then potentially save the cash.

Looking at the relative depths on the CPR image, I wonder whether we have penetrated TGB3 and TGB 2, it is just not mentioned on the log? There's plenty of sandstone on the log.

"This is way beyond my pay grade and I’m sure that it is right to stop and consider how to re-enter the well with different mud programme etc will work. "

Paul said the company had a plan and was following it. We asked for social media updates of pipelines, pad concrete and facility construction, and we are getting them. Relax.

I've done some comparisons to check the RNS versus stated objectives / targets. Source material is the CPR and drilling logs here:- https://www.predatoroilandgas.com/media/

From the CPR - for Mou-4 now read Mou-2

An independent third-party seismic interpretation update by Merlin Energy Resources Ltd confirms the MOU-4 prospect which is seismic amplitude-supported and covers an area of up to 34 km². The MOU-4 Prospect is located 6 kilometres from MOU-1 which drilled the distal edge of the MOU-4 seismic anomaly (Figure 8 and Figure 11) and encountered 14.5 metres of potential gas play in the Mid Late Tortonian. The primary gas target is a Mid Late Tortonian deep water fan sandstone, equivalent to the Hoot Formation encountered by Repsol in its 2009 offshore Anchois-1 gas discovery, which is prognosed to occur at 1475 metres TVD KB.

Reservoir:
The GRF-1 well encountered a series of thin porous sands (1m to 3m thick) in the interval 1,470m – 1,610m overlain by a thick gypsiferous mudstone seal.

From the strip log, I found this interesting
Isotube sample @525.5m - looks like a slight gas show, as Keith highlighted earlier
Iso-tube sample and wet sample @630m - as above
Iso-tube sample and wet sample @ 674m = as above
TGB-4 Marker 933.5m (log MD: 933.6m; TVD: 933.58m; SS: -567.36m)
Overpressured Muds 1001m (log MD: 1000.9m;TVD: 1000.88m; SS: -634.64m)
TD of 1260m MD (1259.96m TVD, -893.72m SS) on Jan 22, 2023 @ 11:30hrs

So, we have only hit the TGB-4 sands, with TGB-3, TGB-2 to go through before getting to the Tortonian (CPR page 19). We are 215m short of target depth and also 210m short of the GRF-1 well sands, and potentially encountering the same mudstone seal.

So the story remains in tact as far as I can see. 200-250m still to drill. Fingers crossed for Mou-1 testing.

Plenty of Cascadura updates on Twitter and Facebook.

Or there is a delay sourcing a reamer and alternative mud, so the next RNS is the Mou1 test results....?

Thanks Caterham. And we don't want anything stuck in the well either.

Yep. If it is 1m per hour, 24m per day, that could potentially be 10more days drilling, and almost double the drilling days. I suspect a commercial decision to pause to find a quicker solution. PG watching our pennies again.

Can any of our resident experts comment on whether if the tools are getting covered in mud they cannot log? Or is it simply a case of this being expected, and will clean up when we get through the clay?

Three bits of newsflow expected?
1. FRSU discussions with Irish government.
2. Potential farmout interest in Irish assets.
3. T&T deal

https://www.predatoroilandgas.com/mou2-well-striplog-and-pictures/

Adon - From memory it was Schlumberger Ultradrill?

Absolutely Bob. Folk are treating this as a duster, but we haven't got to the target yet.

Tom - I bet we all wish we had 20:20 foresight, but we don't; only 20:20 hindsight.
Your comment is not helpful and potentially hurtful. If you haven't got any useful to say, say nothing.

Yep, small top up for me too.

Thanks Caterham, that's reassuring. So it makes sense to go and do something else useful rather than standing over the individual asking whether they've done the calculations yet.

If UK companies, do a person search of Companies House.

Looks good.