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GRH’s tweet well worth a retweet.
‘GRH . . . . In the hope this might assist some folk:
MOUs can take many forms
From basic ...
OUTLINE HEADS OF TERMS
To ... if sufficiently detailed
Providing the component parts of
A CONDITIONAL CONTRACT
#PRD
Thanks again🥾🥾‘
Some will be disappointed with the sp on this weeks close, however, a fantastic week that the lth’s will be more than satisfied with.
We have 12 months of exceptional news and Company growth to look forward to.
Fabulous stuff 😊
A fabulous day for us lth’s.
Catching up with todays proceedings shows that a good number of posters have a similar mindset to my good self.
Nothing more needs to be done from this point forward other than to sit on your hands.
Patience has paid off big time…. timescales are unimportant now…. who knows where this ends 3p, 5p, 10p.
I currently hold 1.4m and will continue to hold…. happy days 😊 cheers 🥃
Excellent stuff Keith …. an education, many thanks.
25 tcf sounds phenomenal and highly possible imho.
MEM has repeatedly written that he believes we could have 19+ tcf.
My own very conservative thinking is that we have a minimum of 2 tcf…. that’s just so I don’t get too excited and so I can still sleep at night 😊
Latest update shown below ⬇️
No need for anyone to speculate, 2nd guess or spread fud, etc.
RNS - 5th October 2023, Morocco Operations Update is very clear imho.
‘Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date.‘
Https://microcapclub.com/the-conviction-to-hold/
The Conviction To Hold
Extraordinary returns follow extraordinary discipline. Discipline in buying and selling, and maybe the most important one of all, holding.
Https://twitter.com/__The_Cube__/status/1720215216074502150
The longer the news on flow tests is not delivered to the market the more comfortable I feel about the investment. Inversely proportional to most, it seems.
The conviction to hold. And not just hold, but hold indefinitely.
There is no other small cap like #PRD. None.
No news yet……. all in good time 😊
In the meantime, please see below Seabright’s excellent post from 2/3 weeks ago.
‘While we wait for the test results from MOU-3… some folk may doubt the hydrocarbon charge and intensity of the Guercif sedimentary basin.
A few facts might help you stay cool and calm…
Magma driven hydrocarbon generation.
During the rifting and basin infill stage, Triassic and Jurassic formations were deposited.
Rifting of the Atlantic and the Central Atlantic magmatic province (CAMP), created numerous hydrocarbon sedimentary basins on both sides of the Atlantic Ocean….the result of huge volcanic outbursts.
The opening of the Western Tethyan sea…causing a huge influx of sediments into Guercif.
The Guilliz alkaline volcanic province, just 24 km north east of Guercif city. A globally alignment of volcanic centres, consisting of two major volcanoes and a few smaller satellites … controlled by major faults.
Alkaline magmas are melted at huge depths, tens of kilometres. Onshore alkaline magmatism occurred simultaneously with the huge influx of sediments.
All this volcanic activity can significantly promote the formation of prolific hydrocarbon organisms.
So we have a huge influx of sediments, composed of evaporate, clastic, carbonate and hydrocarbon bearing source rocks, covered over with a thick Neogene sequence.
All simultaeously heated over a large area. Add a few compressive phases and uplift of surrounding mountains.
All likely liberating massive volumes of gas and oil.
Pressure, volume and temperature , all controlled by major faults criss-crossing the basin.
Yes it’s huge, it’s all connected by major deep faults and it’s very hot in the kitchen.
Hope that helps.. cool you down.
“ The degree of one’s emotions varies with one’s knowledge of the facts - the less you know, the hotter you get” Bertrand Russell.
DYOR‘
RNS - 5th October 2023, Morocco Operations Update is very clear imho.
‘Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date.‘
I’m with GRH on this one.
‘Don’t bother finding the next multi-bagger if you aren’t going to develop the conviction to hold it‘
https://microcapclub.com/the-conviction-to-hold/
For those who haven’t read this before…. It’s well worth 2 mins of your time.
‘A big part of successful investing is becoming content doing nothing.‘
https://microcapclub.com/the-conviction-to-hold/
Chesh.
‘ Knowing that we've actually started testing is somewhat murky ATM Mumbo_Jumbo......! :)
we may have done, but we just don't know fosho.......! :()
All the best (terse is one thing, Regulatory news is another eh......! :()’
No need for anyone to speculate, 2nd guess or spread fud, etc.
RNS - 5th October 2023, Morocco Operations Update is very clear imho.
‘Rigless testing MOU-3 using conventional perforating guns is currently forecast to begin on or before 16 October 2023, assuming that the wireline logging unit is released from its present contract on or before 10 October 2023. The Company will provide an update if there is any change to this date.‘