The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have that Chesh guy on another site. He is very creepy and a stalker.
Guess the earthquake is delaying the end of the churn for a few days.
The testing may end up with a short delay.
However, the testing will go ahead.
151mts minimum of potential rewards!
Happy days!
Time to start a new thread.......
I would think that the churning of the placement share should end in the next few trading days.
The testing has started, or about to start. It's funded and should not take long to complete.
The interpretation and issuing of the data will take longer.
I think the liklyhood of finding commercial volumes of gas is high.
The question is how high!
Once PG knows the value he will plan to move forward with the next step of monetisation.
The share price is a reflection of the placement price.
The potential should see it return to a higher value in the next few weeks.
What do people think the time scale will be and what is the next few steps in our end game ?
I do think this latest well will produce at a commercial rate.
Low end of 150 boepd.
High end 450 boepd.
PH said in his last interview that they were cash positive. Probably not a lot but it's encouraging.
The next well will add additional profit. It should also give a mini boost to the share price. I really hope bloe have got everything in place for the next drill. A multitude drilling program is the key to getting this share price to rise. We should of ordered the long lead items for the next well by now and need to continue with the drilling program as fast as possible.
There is always a fall off, over times, in existing wells. Oil prices fluctuations also have an impact in our overall profit. Hence the need to constantly drill new wells.
The new well will see this price rise but that rise will need news to keep the movement going.
Am happy with where we are today and look forward to part 2 of the media article.
Oily....
Where is your nearest Woolworths!
I'll make sure I'm NOT there .....
Obadhia
We will soon know !
All the reasearch has been done and investment decisions have been made, as to the risk/ reward. It's certainly a chance of getting in at a very low entry price.
Those wanting to hold this share have taken a position based on potential. There is a lot of research and analytical interpretation out there.
But we will soon.
For now we wait. The placement churn has felt like an eternity. Finally showing signs of ending though.
I can't see any issue in getting the testing successfully completed. It will, however, take time to analyse all the data. Not sure at what stage predator will inform us but hoping they will give an early indication of potential.
As we get nearer the the test results I think we will see a higher share value and a certain amount of top slicing.
Good fortune!
Will continue, like others, to post what Predator is about.
Guercif rigless testing on track and scheduled for September execution.
· CNG development planning on schedule.
All looking good.
Churn won't last much longer .
20/30p soon and that's just on expertation.
Testing in Morocco will show the true value of our asset.
I'm very happy to hold and watch as the testing results are made public.
From Predator's website:
Predator has re-evaluated the existing reprocessed 2D seismic database and well data and has identified the Moulouya Prospect as being drill-ready. The Moulouya Prospect covers at least 40 km² and is supported by multiple seismic amplitude anomalies.
An off-set well, GRF-1 drilled in 1972 before the acquisition of the 2003 ONAREP seismic, less than 1.5 kilometres to the south-east of the edge of the seismic amplitude anomaly, had dry gas shows in some high quality Tortonian (Miocene) reservoir sands. The same reservoir sands are exposed at the margin of the Guercif Basin where they are interpreted as deep water turbidites and form thick, stacked multiple sand bodies.
The gas potential of the area is further enhanced by the recognition of TransAtlantic of up to 128 feet of untested gas pay at the base of the Miocene in GRF-1 with average porosities of 20% and average gas saturation of 20%. Two micro-seepage surveys carried out for TransAtlantic by Geo-Microbial Technologies in 2006 and 2007 also identified dry gas around the GRF-1 well in soil samples.
The Directors believe that the Moulouya Prospect therefore represents a low risk proven gas play that is a potentially play-opening, opportunity for shallow gas in multiple, high quality reservoirs at depths in the range 2,000 to 5,000 feet. Significantly the potential for a very large accumulation exists due to the lack of compartmentalisation of the mapped seismic anomaly – unlike the situation in the producing Rharb Basin where the structures are small but with a very high success rate for finding gas.
A very high success rate for finding gas!
I like that last sentence!
Trolling make no difference, when you have £10mil worth of shares to churn.
This company is in a good position.
Amazing work by the team to get us to this point.
We now has the required funding.
The testing has very likely started.
It's the MMs and general market trading that moves things. The MMs will keep this share at a price that maximises their profit.
It remained around the 11:00/12p level, with a small squeeze, just below the placement price. That's how the market works. Once the stock drys up and the sellers are out it will rise.
The share value over the next few weeks will be determined by news and how the market perceives the potential of the testing results. Not by the trolls.
That potential is massive.
20p/30p price very soon.
The re-rate is about to begin.
Bid 12:25p
Tic tok
Bid at 12p......
Lots of big buys coming in and not many big sales.
Churn almost over ....
https://youtu.be/vjD3EVC1-zU?si=MjIcsmihZ2NdGHKI
Thanks for reply Mrninjazxa6 !
All looking good for the next few months .
We are now heading toward the end game. The churn is nearing it's completion.
The testing of MOU-1 will start to impact the share price and we will see a return of share value, that should see everyone back in profit. 20/30p
We will learn from testing the various zones in this first well and that will help with the general understanding of what we have and where to concentrate any additional testing on the other 2 wells. It will also give us the first real indication of what we have.
I think MOU-1 will be the least productive. I think that's the reason we never tested it and why it's first. We can try out the sand jetting process and maximise the process for the next well. If it was proved to be none commercial then that would of hampered the company's growth. But I think it will be commercial. Paul was playing safe.
I'm also not sure if the early results will be put in an RNS unless it's super productive. But that's just my take on it.
If we can get a commercial return on our least favourable well then the sky's the limit on the other two.
MOU-2 area is potentially the most profitable of the areas drilled to date. A massive seal over a vast area. If we don't re-enter it we will probably drill a well to hit another sweet spot like we did for MOU-4.
There will also be other areas ready for exploring and will look at how best to achieve the finance nearer for expansion.
We will soon have an understanding of the various fault lines and how things are connected. This will add to our knowledge and help with additional well locations. Jimmy had written many excellent posts on this.
The little dog that barks day and night is annoying but it's a nobody and has nothing to do with this company or its potential.
Thank you KeithOz for your updated figure.
The potential here is off the scale......
Even modist success will see a big return.
Mrninjazx6.
Don't understand your first paragraph. I have never read any AI generated posts on here or anywhere else talking about £10 values.
All the posts that I have read, that state high figure, are backed up with detailed breakdowns on how they have reached the figure. There is no confusion. Just a person's shared research.
You are welcome to put your own valuation on the likely outcome of the testing. I would also be interested to see copy's of these posts.
Everything will be dependent of the volume found. We all know that.
And that's just MOU-1
MOU-1 will be the first well in the rigless testing programme to be performed by Energy Consulting Services ("ECS") based in France and with a licence to use and operate the Sandjet perforating technology.
Ten individual horizons within the interval 1217 to 1300 metres TVD KB have been selected for perforating.
In the interval 769 to 912 metres TVD KB a further eight individual horizons have been selected for perforating.
Four additional data points between 1397 to 1400.5 and 967 to 991 metres and at 1035 metres TVD KB may be added to provide information that may be potentially useful for the finalisation of the MOU-3 rigless testing programme.
The MOU-1 well will establish Sandjet rigless testing procedures and will adjust the operating parameters to optimise the depth of penetration into the reservoirs of interest if and where required.
Testing individual sands in sequence from the bottom of the MOU-1 well upwards will evaluate the potential for co-mingling different sand intervals on production and help determine if there is a requirement to isolate any interval downhole based on any material water cut.
Then onto MOU-3 and 4......
The testing will soon start impacting the share value. Just need the churn to end.
Without the results, or any other news, the share price will find a place to sit in the 20/30p region. Can't be more that a week at most of this low value.
With the amount of testing being carried out I think it's a fair assessment. My assumption of course.
There are a lot of very seasons and experienced investors all waiting for the outcome of the testing. The general consensus is positive.
Read the last RNS for detailed of MOU-1 then add how much additional testing is being done. they will do the same on the other 2 wells, originally 151mts.
We can also drill additional wells to add to the testing program.
The day they release the testing data, for all 3 wells, is going to be a milestone.
It will be interesting to see where the share price goes after that.
We may get news before the release of the testing data. That news could be massive!
Always a risk !
Good fortune.....
Https://twitter.com/BlockEnergyplc/status/1697522490807857285?s=20
We are lucky to have an excellent set of directors in charge of this company. They are fully invested as well.
20p soon 😆
Guercif rigless testing on track and scheduled for September execution