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How long does the testing take? Going by the below statement from the RNS if they were to start testing late July for instance.
The focus will now be on drilling and completing MOU-4 where we do not expect shallow gas to be present. Targets are the Moulouya Fan and the so far unknown potential of the Jurassic carbonates within a very large structural closure.
Once the MOU-4 drilling is complete, results from all the wells drilled in 2023 will be quickly assessed and compared and a comprehensive and expanded rigless testing programme will then commence during July."
Thanks Jonmo91, I just read the below from the RNS so it makes sense.
Following NuTech petrophysical analysis of the wireline logs from MOU-3 the proposed rigless testing programme will be updated to include new zones identified in MOU-3.
Is there a reason why MOU3 cannot be tested while MOU4 is being drilled?
or are we waiting on MOU4 drilling to conclude and then pick the best zones to test and if those zones are all present in MOU4 we might not even need rigless testing at MOU3?
Carjcarj, I disagree with this statement "Many people here seem to have very limited technical insight into this sector and I would advise caution" we do have posters who are experts in this field and in depth technical insight
The hardest part of investing is sitting on your hands and doing nothing..but in todays age of social media and having access to the buy and sell button at your finger tips a lot of folk get itchy palms so to speak and hence the wild and unpredictable price movements.
1 - "If MOU4 is successful in its main objective...it could prove more than helpful to certain negotiations ( my speculation )
2 - If MOU4 is successful in its Jurassic element...it could elevate PRD to levels of success beyond my own dreams
3 - If MOU4 were to be targeting the TAGI
... and if it were to be successful there…
@GRH - is it safe to assume number 1 is in the BAG and 2 and 3 are just Brucie Bonuses :)
I think it is safe to assume that PG is going after the TRIASSIC as well as the JURASSIC ..kill 2 birds with one stone...otherwise he won't be able to sleep at night as it's job half done and he needs to know what's down there in the triassic.
https://markets.ft.com/data/announce/full?dockey=1323-14050934-438NGBAKBG86GM17GON568C8AO
POC
If you were PG or his adviser what advice would you give him? How would you have planned/executed this drilling campaign any differently that would have resulted in better share price and less cost?
Answers on a post card please