I suspect our Irish assetS are moving towards fruition even as I type.
Paul knows how to achieve success, after all we have an asset the Irish badly need, in their own backyard, we have incentivised the deal with CO2 sequestration, greatly assisting in Paris accord targets, plus Security of supply.
Jobs and Tax Revenue are icing on the cake.
This deal is impossible to turn down.
Hence Global partners/NDA’s
Blissful, what is your idea of 'near future' ??
We are 51 days in to CO2 injection, pressure building on the EOR pilot test, as I type, not long to go for material news.
As for Ireland, its more about back channeling, forming relationships, perhaps HOT with our Global 'Partners' rather than an exact date. We are at a pivotal point in our Irish ventures.
We dont need to drill, we think we can re-enter, far cheaper, but then I am sure you know all this by now, as you will have studied all the info on the website :)
In a few years we will look back and realise what Paul is doing right now, will be the blue print for any/all ecologically focused Oil/Gas Co of the future.
PRD are Trail Blazers, lots of others will follow.
Watch for big news out soon, something is brewing.
We are all here to make money. With about 10 bites of the cherry, hopefully a growing income from EOR as a means to unlock other treasures. Icing on the cake is the positioning re CO2 sequestration/EOR.
I’m only surprised there are not one or 2 new companies forming to specialise in CO2 sequestration linked to EOR or Gas recovery, it is exactly the way the industry needs to move.
Access to a very old depleted oil field, worthless in the current situation, however by pumping in CO2 From a nearby power station or factory, suddenly the defunct oil field can now access the oil/gas remaining in the field, potentially millions of barrels.
How many of these exist. around the world ?
Good evening Ladies and Gentlemen,
Just to keep you up to date, nothing heard back from either Paul or our new Chairman, Stephen, or the new IR firm.
I suspect Stephen is part time, hopefully he will get back to us next week :)
Petroleum Prospecting Licence is non-exclusive and confers on the Licensee the right to search for petroleum in any area where an Exploration Licence, Reserved Area Licence or Petroleum Lease is not in force.
So not an exact area, anywhere other than a already designated Licence area....
No, this is a new Licence (our Third) we have applied as 100% Owner/Operator.
There must be a reason, Paul and his fellow BOD are very astute, I’m surprised there is not more excitement from my fellow SH.
Maybe Paul has seen some 2D or 3D for the area, or there is an old drill showing gas, long abandoned.....
If you look on the Irish website for the dccae, you will look down the bottom of the page and you can see PRD have applied for a Prospecting Licence, July 1st 2019 (valid one year) expirs today, unless extended.....
Does anyone know anymore about this (I have asked in my list of questions to the new Chairman)
Hi Chislehurst, can I trouble you for the email of Mr Staley, I will send the BB questions in again direct to him, see if that illicits a response.
Flagstaff have not responded to my BB question on the same subject yesterday, I am starting to think info@predator email is not monitored
Good afternoon Flagstaff IR, I am the Share holder who collated all the questions from this BB and sent them in to PRD via the PRD website address.
I think I speak for everyone on here, we would all be very grateful for any answers to the questions we posed. If you are able to intercede on our behalf, I offer a big thank you.
JW/Middle East Money
Zebra your quote ‘this company is the culmination of his life's work in the o&g sector as a geologist.’
That is exactly as I see it, but allow me to add.... Paul has done exceptionally well over his career, but I think he has kept the best until last :)
Oh boy this is getting very exciting. I am starting to think of PRD as an Onion, peel a layer back and you reveal a tiny bit more info, another layer underneath, peeled back, revealing subtle clues and pointers.....
Or dare I say, Rolfe Harris 'can you see what it is yet' (no jokes please.
We can all guess at what this is shaping up to be.
For me, I am thinking re T&T a large multi partnership with various big players, coming together to lay claim to the 5 BILLION barrels of oil, produced through CO2 sequestration, CO2 capture and injection/re-injection EOR etc. This in itself will be a massive result.
Next, Ireland, another CO2 capture project, utilising the 'old' pipeline, again E(G)R to enhance the Gas recovery, Global partners moving in to position, just like a game of chess, again, masterful. Billions of $
Finally Morocco, huge possible gas in place figures, again Billions of $, multiple targets.
Our Management have put together world class assets, we are slowly seeing the various plans come to fruition.
One day soon, we will start to get RNS after RNS allowing more layers of the onion to be revealed.
I for one cannot wait.
Dana could be small potatoes compared to what is now becoming clearer for PRD's future.
Roll on 7:02 that first RNS could drop at anytime
I can see the benefits of the above as talked about by Dr Krishna, however his talk was given on May29th 2017 and very little progress has been made as far as I can tell.
Maybe the succesful results of PRD/CERP EOR or the clock ticking on the Paris Accord will force the T&T Govt to take the initiative, requesting quotes for a Carbon capture system at the 3 largest CO2 producers (fertilizer and power generation) pumping and CO2 pipeline distribution. Railroad through the various permits, land rights for CO2 pipeline etc.
Otherwise there will be a unjoined/fractured set up of miniature pumping houses, road tankers (adding to the CO2 problem) rather than Govt level intervention to fix a very serious problem.
T&T are the second worst emitter of CO2 in the world (per capita)
There are approx 5 billion barrels to be recovered in T&T through EOR
every 100 MMCFD CO2 can produce 20,000 bpd
If you reinject the CO2 that comes out in the EOR oil, you can increase that figure to 30,000 bpd
To give you some context of the size of the prize...... 5 billion barrels of oil would take 30 years to extract at 450,000 bpd
if PRD can get involved at a Senior level on any P-P initiative, and in return gain say 15% of any EOR production, even at say 50,000 bpd (easily achievable with current CO2 emissions) that would equate to 7,500 bpd of ultra low carbon oil.
Step up the project to its best projections of 90,000 bpd = 13,500 bpd (as always I have been super conservative, the CERP/PRD venture gives us 50% of any EOR uplift in production)
There is enough oil for a 150+ year EOR project at 90,000 bpd.
Take this technology around the world, CO2 sequestration works hand in hand with EOR
Finally have a read of this