Member Info for KeithOz

They say tomorrow never comes. It's already tomorrow here.

@Coco. Absolutely no one would start a drill unless everything was on site. The RNS made it crystal clear that everything and everyone necessary was present, so what the hell are you going on about?

Two different operations - LWD (logging while drilling) is basic evaluation, which suffers from the presence of drilling mud and rock chips sloshing around at the same time. Wireline logging of the completed 9and empty) borehole is more comprehensive, including sampling of reservoir quality gas for lab analysis.

I'll try again - it seems the 'less than' symbol acts as a terminator to the post.

...would probably be less than $100M, which would be the responsibility of the acquiror.

Oh, last line disappeared!

...would probably be

@O&W. I don't think there is a need for concern. Titanosaurus is a huge prospect, and to date there has been little in the way of exploration - basically we have two seismic slices and one drill to the edge. Paul is obviously keen to demonstrate the massive potential with the next drill, hence the effort being spent to give it the best chance of success. I have consistently said that we need at least 4 appraisal wells to get a good idea of the prospectivity - carbonate reefs can be structurally complex and PRD need to get an indication of thickness and continuity of reservoirs across the structure.

Fortunately, drilling is relatively shallow, so will be cheap. Some here claim that 3D seismic is required across the whole prospect, but this would cost a great deal more than a few boreholes, while providing less reliable subsurface information.

Everything I have seen so far suggests that this is a tremendous opportunity, which if successful would be transformational for the Company / Morocco / Europe, depending upon your degree of optimism. The field development plan would probably require 10-20 production wells, local collector network, and connection to the Trans Maghreb Pipeline. Overall cost would be surprisingly cheap, probably

A few questions being raised about the proposed location of the next drill appraising the Jurassic carbonate structure formerly known as MOU-NE, now Titanosaurus. As understanding of this structure has increased, especially after drilling into the edge of it with MOU-4, so I suspect the proposed drill location has changed. This is the history, my CAPS for emphasis:

12 May 2022 RNS.

"The MOU-NE drilling lead has now been mapped at the base of the forecast reservoir sequence with a structural closure covering 102 km² [now larger]. The next step is to finalise a drilling location based on DEFINING THE HIGHEST POINT ON THE STRUCTURE with the maximum potential for leached reservoir development. ... MOU-NE well will be targeting a gross reservoir sequence of approximately 200 metres within which the potential for good quality reservoir is increased due to its structurally elevated position relative to TRF-1. "

24 October 2022 RNS.

"A location for the MOU-NE well (now designated MOU-3) was finalised during the recent site visit. MOU-3 will be the next well in the drilling sequence and will test a 35km² area within a larger Jurassic oil prospect."

January 2023 - effective date of latest CPR.

Figures 3-21,3-22 & 3-23 show depth & thickness of Jurassic. Apparent optimal drill location is about 2.5km NORTH West of MOU-4. This is based solely on seismic interpretation, with vibrations transmitted at an assumed speed through rocks of an assumed density.

11 July 2023 RNS.

The top Jurassic carbonate objective was reached at 1135 metres TVD MD, 253 METRES DEEPER THAN ESTIMATED depth pre-drill based on no well control. The culmination of the Jurassic carbonate target NOW LIES 2.6KM TO THE SOUTHWEST of the MOU-4 well location and significantly higher than at the MOU-4 well location. The updip appraisal of the Jurassic target encountered in MOU-4 is a key objective of the Company. THREE PRELIMINARY DRILLING LOCATIONS ARE BEING SELECTED for inclusion in a NEW Environmental Impact Assessment ("EIA"). Well design and sourcing of long lead well inventory has commenced. A field trip is being planned for the autumn to evaluate the reservoir potential of the entire interval of interest in Jurassic surface exposures to the south of the Guercif licence area. Geochemical source rock quality and maturation studies, including evidence for migrated gas, for the Jurassic section".

My conclusion.

It seems that the drill bit has shown the seismic interpretation to be incorrect, and three potential new locations are being finalised with EIAs being applied for, to the South East rather than the North East of MOU-4. This is very interesting - if MOU-4 encountered potential gas-bearing reservoir 250m lower than expected, maybe the entire Titanosaurus structure is larger from top to bottom than previously anticipated.

I said this here in February, still believe it to be true, especially since Itumbula drilling will also take place this season:

"I am fully confident in the geology and the follow-up work that has been completed in 2022, and am sure that a formal discovery can be declared at Tai-3 [now Tai-C]. ... This will result in the declaration of at least some Contingent Resources, a substantial increase in Prospective Resources, and increased geological chance of success for the other prospects. The latter increase will show up in a revised CPR, based on a proven higher concentration of He (currently 4.4%) plus expanded reservoirs defined at Tai North & Itumbula North, as well as better definition of shallow Lake Beds reservoirs. I expect the [revised] CPR to be in the range of 300-500 BCF."

Success at the BMFC prospects by NHE will provide additional support for the above - obviously all just imho.

"No enterprise is more likely to succeed than one concealed from the enemy until it is ripe for execution".

Niccolò di Bernardo dei Machiavelli

@Zebra - gg20 = 20°C per 1000m, so assuming ave of 25°C at surface, that would give 65°C at 2km. gg35 would give 95°C at 2km - a critical difference for hydrocarbon maturation. Suitable Guercif graben sediment sources are up to 8km thick, and have been shifted up and down over time by tectonic forces.

Much sediment worldwide has a good organic content, but because of a poor geothermal gradient, just never reaches the depth required for a 'kitchen', so there is insufficient maturity for oil or gas windows. This is the case for much of the Atlantic coast of Morocco, as you can see on the map - like the rest of the Atlantic margin, it has high organic content deposits, and structural traps, but not enough heat at the right depth to mature hydrocarbons. The big boys started drilling there in the 90's, found nothing, and gave up. Hence the mantra "there is no gas/oil in Morocco", which Paul is busy proving wrong.

Wide-ranging discussion on the influence of geopolitics on energy markets. Natural gas is covered between 32.30 and 47.00.

https://www.youtube.com/watch?v=HvzF6Z1u5e4

Oil & gas are formed when the organic content of rock is heated under pressure within the earth. You all knew that already. Very roughly, oil can be formed between 60°C - 100°C, and gas between 100°C - 200°C. Most of you knew that. Temperature increases the deeper you go, but this geothermal gradient is not uniform everywhere. The steeper the geothermal gradient, the shallower any oil or gas is likely to have formed, and so any potential reservoirs are likely to be closer to the surface, and thus cheaper to drill.

On Twitter, soon to be ex-X, I have posted a geothermal map of Morocco. There are prizes for spotting where PRD are operating - but you have to be a shareholder to claim them.

https://twitter.com/KQuick20704342/status/1705362375761863079

Source:

A. E. Barkaoui, Y. Zarhloule, A. Rimi, M. Verdoya & S. Bouri

Environmental Earth Sciences volume 71, pages1767–1780 (2014)

And here's parts 2 & 3 from Graham:

PART TWO...

I refer to very many sq Kms ...of 'shallow' gas

ADDITIONALLY

The Titanosaurus ...Jurassic...structure

should prove game changing

Game changing across Europe

PART THREE...

I also refer to several Kms

of total THICKNESS of pay zones

IMHO...

The oil leg will also prove spectacular

@Bob. Either would be OK, but not during.

@Watching. Maybe this will give you a clue: https://www.scotforth.com/index.php/products/exploration-surveys

Right, let's try again. Graham posted the Michael Caine glasses with 3 arrows on each side on ADVFN. It looks like this - ➡️➡️➡️ 👓 ⬅️⬅️⬅️ Someone then tried to re-post it onto lse, but the emojis got partly screwed up. There were no numbers in the original, the numbers relate to the coding of the corrupted emojis, nothing to do with cryptic references to 145 oilfields.

Nothing cryptic about this posted just now, though:

PART ONE...

Guercif is highly pregnant

It holds ENERGETIC hydrocarbons

Over VERY many sq Kms

FAR more than discussed / revealed to date

#PRD

Will become the best performing share

Of my lifetime.

I assume Part 2 will be a pregnant Guercif giving birth.

Who here doesn't know that Fart123 only ever writes multiple deramping cr@p posts daily? Back on filter, total waste of time, everyone knows your game exactly.

Yes, they've got some cameras and antennae sticking out.

"and only stupid idiots ever hold a wildcat gas or oil drill during the drill stage"

and only stupid idiots would not see through such a weak & pathetic attempt at deramping. Go away & grow up.

He actually posted this: ➡️➡️➡️ 👓 ⬅️⬅️⬅️ No numbers.