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Hi Lancygeo, correct I have said 19Tcf for 2+ years, however recently I suggested in my latest forecast, we could and should start to think 30 Tcf was achievable, plus a corresponding amount of oil, but it would take more time to prove up, hence the reason stub equity in any sale is vital.
GRH has yet to come out publicly and spell out in clear language (not clouded in riddles) what figure he expects to reveal for gas or oil. Be brave GRH and give us an unambiguous figure.
What I do know is very few people are following the story in depth and detail, when the real story does the rounds I expect to see 5p increases per day in the SP, then 10-15p increases, all in about 2 weeks of the RNS that spells out flow rates and total amounts.
We are very very close
MEM
Can we be quite clear ONHYM pay the bonus to PRD, ie the $5m for exceeding 30,000 BOE/day
Interesting article about big oil, reducing expenditure to find new gas and oil reserves, instead they will buy newly discovered fields from small E&P
New TV program ‘PG & Lonny’s Moroccan adventures’ one man’s desire to find the largest onshore gas discovery in the last 20 years….. hiding in plain sight
Hi Brighty, with respect, PRD should be on your list, enormous gas find in Morocco, currently testing after 4 drills, all in very close proximity to Morocco-European gas pipeline. Zero debt and approx $10m cash in bank. On the cusp of exploding SP. DYOR.
GLA at Upland.
Plus possibly as much value added again, by all the oil on our equivalent 60 North Sea oil fields (7,700 sq km)
Plus did PG not say similar value to be derived from T&T.
The City has so far not allowed itself to become ‘interested’ in our story. If things align themselves, I can see at least one financial journalist writing about PRD as a 2024 share tip of the year :)
DYOR/DD
Perhaps MOU-2 drill completion and testing will follow in the next few days, a great deal of info will be derived under that thick mud seal.
All this intelligence will aid the next CPR and subsequent buy out.
Then we can state, 4 x drills, 4 x hits, 100% success rate, determine more gas in multiple various thicknesses. MOU fan bigger, thicker, higher pressure (under the enormous weight of the seal)
What a few weeks we have ahead of us.
Maybe some press releases about the long term ambitions of the Kingdom, from the conference, that might assist in our assessment on what is going on behind the scenes :)
At 25:40 in to the presentation PG says ‘farm out big Jurassic Oil prospect’
The oil in our license will be worth billions to SH, and will be a thick layer of icing on our cake😎
In the Value creation about to occur in PRD, the Time vs ROI will be off the chart, as multiple testing results come in thick and fast.
These results will help determine the position of MOU - 5 and probably a follow on drill MOU - 6 to drill the deeper, high pressure gigantic field.
Will we encounter oil underneath the gas? Adding even more value ?
The next 8-12 weeks will be fundamental to value creation.
GLA DYOR/DD.
Through !!
I think no one knows for sure if we have started testing, given PG’s history re Comms as outlined by Gudin (Sept vs Oct)
I shall remain skeptical until something concrete.
Put yourself in PG’s position, if let down by a third party re equipment, would you publish another RNS stating let down and no new agreed date, or would you wait for clarity and a definite new date for delivery ??
Stuff happens, on this particular occasion I can see PG’s position.
Also take note of zero tweets from Lonny………..
Another few days will not matter once the results of testing are publicly known threw RNS.
Before HartleFool Bob jumps in, I am not trying to manipulate the price of PRD or his onions.
Just stating my gut feelings on the matter.
Whilst not for one second forgetting the terrible events in Israel or UKR, our Morocco asset is being tested at exactly the correct time given geopolitical events, out of our control.
Energy Security has just gone up a notch or two, winter comes around every year, our assets are growing in value, Billions will be paid, the only questions are just how much gas/oil will we prove up before a Sale/Stub equity deal is signed with a Major ? And for how many billions ?
TEST, DRILL, TEST and CPR followed by sale ? Or perhaps 2 more drills, MOU 5 & 6 ??
MEM
My bad
Typo
Their
If Exxon will pay $60 billion for a very high OPEX shale producer, the mind boggles what PRD could eventually be worth.
Those who scoff about high M/Caps should see the big picture and get there abacus out!!!
Ibiza28.
Thank you, a breath of fresh air and realism.
You get it :)
MEM
Ps do not forget the OIL - it will be worth something :)
Thank you Wacky, 90 Tcf.
That is just one target out of 9 identified targets, plus the oil.
I could mention all sorts of reasons to buy, instead the best thing is DD/DYOR, buy the share because you know it represents the best delta return vs short timescale, investment over the next 3-6 months, 6-12 months, possibly the best share you will ever buy and keep for very rapid value creation and cystalise a very long term return.
Hi BRV, and May I respectfully remind everyone up to 9 similar targets identified on our license…..
🦕🦕🦕🦕 Gigantic Tcf TBA
A gigantic gas (and oil) discovery in North Africa, in proximity to the M.E. Can only be good for Morocco and PRD.
Not forgetting about the innocent people caught up in the conflict.
Another snide remark.
I invited you to show us your intellect, your deep grasp of PRD, your depth of knowledge……instead more of the same.
Unpleasant comments from a deeply unpleasant person.
Back to your vegetable patch
Shame on you HartleFool bob
Rob1967, correct I bought a large number at 18p.
That price will seem like a bargain very shortly.
TEST DRILL TEST CPR
That’s it !
MEM