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What Anchois promised will be fulfilled by Guercif...folk don't understand the implications..
https://www.spglobal.com/commodityinsights/en/ci/research-analysis/moroccos-anchois-discovery.html
Following the completion of the MOU-4 drilling and logging operations the next planned activities will be an extensive rigless testing programme details of which will be announced in the coming weeks.
Any guesses as to when testing will commence?
The presence of the Moulouya Fan in MOU-4 has extended the overall area of the feature to the southeast beyond the previously mapped limit.
Does this mean Moulouya Fan extends into the wider Guercif acerage where we were expecting to hit the Jurassic?
PG said the following at the end of the RNS:
1..CONFIRMED..they knew it but now confirmed
2..VALIDATED..they had to be sure so it is now validated
3..CONFIRMED..they knew about it but is now confirmed
"The MOU-4 well has confirmed the presence of the Moulouya Fan southeast of its previously mapped extent. The M1 Sand interval had not previously been considered as a reservoir target and therefore the results of the NuTech wireline log analysis over this interval will be of particular interest to determine whether it may or may not be a new candidate for rigless well testing.
The speculative pre-drill Jurassic carbonate horizon has now been validated in MOU-4. Seismic remapping and evaluation of the Jurassic using the new MOU-4 well control point and data yet to be analysed from the well will be required to further de-risk the Jurassic objective. The initial well results are however promising.
The MOU-3 drilling results also confirmed the potential to extend the presence of possible shallow gas to the west of MOU-3 and northwest of MOU-1.
"The rate of penetration was MUCH faster than I am going to quote here..."
"Please consider the implications of that"
To be fair no one was expecting TD RNS this soon..when you're drilling through lots of sand...
The winter is approaching fast again....
Europe needs to find a solution to its gas supply crisis..
The Americans promised them gas..
Conoco was welcomed into Morocco by ONHYM....
ONHYM and PRD have Guercif...
Need I say more...
It's a race to the finish line
Can you not sense the excitement..
“This is the best prospect I’ve ever seen in 44 years in the business and that’s because of it’s commercial attractiveness, it’s cheap drilling, it’s geology first and foremost and I think I’m in a position to say that because I’ve been involved in Libya, I’ve been involved in Argentina, I’ve been involved in Colombia, I’ve been involved in Abu Dhabi over 44 years and I have never ever seen anything where I can spend two and a half million dollars and get a TCF of gas two kilometres from a pipeline with good geology that I’m very, very comfortable with and that’s why I’m a 20 percent shareholder…this is a fantastic opportunity, it’s risk reward is unbeatable.”
Lets just say they like what they have seen so far and we are not privy to what they know and the reason it has not been shared yet is to keep the predators at bay (no pun intended)..all will be revealed my friend just a little more patience required...you either believe or not..your choice