RE: Morocco to invest $6bn in gas infrastructure16 Mar 2025 11:39
If Predator have already found another 8 target areas within their licence, an area 70 times the size of Greater London, then the question is not if, but when, they will find gas and maybe helium and oil.
Mou-1, 3, and 4 all showed gas in the logs.
PG and his engineer both stated that there is gas in Mou-3 and with correct swabbing it can flow.
Mou-5 drill has used all the information gathered, including Mou-2, to drill in a position that is potentially life changing.
Mou-6 is a continuation of proving up the gas.
We sit on an asset that PG has known about for years. I believe in him.
The big problem has been to prove up this asset without running out of money or being subjected to a hostile takeover.
To date he has done amazing well with the finances and not conceded an inch to any possible sharks. Not always popular but always in the best long term interests of the company.
He has added a safety net with Trinidad that is vitally important in the event of deemed failures.
Ireland is also an excellent addition asset. It may or may not end up in our favour but full marke for keeping it alive.
Patience, finance, and determination was key. He knows what the potential is.
Our time is near and remember Mou-5 is just one well in the continental development of our Moroccan asset. Hopefully it will give the results we all hope for.
Success builds success and with that the finance to develop and options to start an end game.
I have to say I'm getting a bit excited but of course it's a risk.