Member Info for Lancygeo

The treble is on 💪

Zebra….. no need to have your post removed.

The discussion is important and is relative to all us shareholders…. I for one am learning all the time.

Many thanks to all those who contribute here…. 😊

‘If SDX can manage to test in Morocco within a few months mobilising equipment, permits etc then why has it taken PRD so long?‘

As Androcles has explained…

Completely different animal… chalk and cheese.

The size of the prize here will prove to be astounding imho.

Not long now imho…

The long & strong remain exactly that

Patience will win the day. 😊

Hopefully Lonny will share via Twitter as he did last time 🙏

Alas, looks like only available by subscription paywall

Https://www.fox-davies.com/research-and-events-portal

No need to worry about if /when to top slice imho….. a special dividend will do that for me.

Very difficult to accumulate at 50p per share.

I continue to hold long and strong. 😊

Initial estimations of recovery rates are based on established production and depletion trends for nearby fields e.g. Moruga West. Optional enhanced oil recovery techniques (EOR) are also considered for the Snowcap development with injection of associated gas successful at Moruga West and CO2 EOR already employed elsewhere in Trinidad by PRD. At the Inniss Trinity AT-5X EOR test, production was sustained at an average rate 88% higher than the average rate for a CO2 EOR monitoring well in the month prior to the start of CO2 injection. Taking into account the opportunity for EOR, the expected ultimate recoverable oil volumes at Snowcap are based on a low case of 18% tied to the overall recovery factor for the entire Moruga West field to date. A best estimate mid case of 25% assumes some uplift through the benefits of modern completions and a high case of 30% is anticipated if reservoir quality and connectivity is towards the higher end of modelled expectations. The highest recorded recovery rates from Moruga West are up to 38% in certain compartments according to Jones 1968 where injection of solution gas was used to pressurise the reservoir and ensure efficient oil sweep increasing recovery from 10.18% to 31.68% over the course of 3 years up to 1964. Full field recovery values above 30% require calibrated measurements of OIP which are not currently available therefore High Case estimate (P10) recovery rate is currently capped at 30% until additional evaluations can be made of recovery factors in nearby fields and details of potential gas injection options are considered by PRD as part of the initial forecast work programme and full field development plan once re-entries and Snowcap-3 have been completed to obtain appropriate information on reservoir and fluid characteristics.

Thanks to ChatGPT for the following

An Independent Technical Report (ITR) typically provides an unbiased assessment of technical aspects, like the feasibility and viability of a project. On the other hand, a Competent Person's Report (CPR) is often related to the mining and exploration industry, indicating a professional evaluation of mineral resources and reserves. Both reports play crucial roles in different industries for informed decision-making.

Excellent discussion fellas….. many thanks for sharing. 😊

I remain long & strong 💪

Lancygeo

GUERCIF TESTING PROGRAMME ONSHORE MOROCCO

An updated Independent Technical Report ("ITR"), incorporating the 2023 MOU-3 and MOU-4 well results is currently being prepared by Scorpion Geoscience Ltd. for the Guercif block and resource potential of the prospective area tested by MOU-1, MOU-2, MOU-3 and MOU-4. The Company will use it best endeavours to publish the ITR before the Phase 1 rigless testing commences.

Https://www.lse.co.uk/rns/update-on-guercif-testing-morocco-and-trinidad-h2iwfkieb53cvb3.html

‘PGVL has begun the process of re-scheduling and re-mobilising its rigless well testing team as a matter of urgency. It is currently forecast that rigless testing operations will begin as early as possible in January 2024.‘

CML….. I hadn’t noticed that… many thanks !

My main share pot remains untouched whilst my smaller trading pot will benefit from the extra decimal point. 😊

Https://www.aa.com.tr/en/middle-east/uae-morocco-sign-12-mous-to-improve-bilateral-cooperation/3073236

4 more fudsters filtered this morning….. oh so tiresome.

They will of course be released once testing starts 😊

I couldn’t possibly comment…. he’s been filtered for 2/3 years.

Phil… I don’t think anyone needs the stomach to ride it out … so to speak.

The special dividends will imho provide the means for taking profit….. I have no plans to top slice.

As Bob says ‘All three projects will come to fruition’ 😊

It’s possible they could be T212 trades which would be commission free.

I use T212 for trades of 500 or 1000 then sell less than this to accumulate in my smaller trade pot. My main holding remains untouched 😊

GRH tweet

‘Your backbone's connected to your hip bone'

What if...

A series of inter conditional contracts...

Offtake=

Subject to testing

Wellhead Finance=

Subject to offtake

This feels very much like Cove again to me

Giant asset

Out of a clear blue sky

#PRD’