Member Info for Mumbo_Jumbo

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Next step would be to get the petroleum agreement amendment #4 passed by Moroccans ASAP.

I was getting all get giddy over Keith's posts but then I couldn't but help to think about the need for the petroleum agreement amendment #4 to be passed by Moroccans. Completely overlooked by myself before the testing was meant to be done before the end of 2023. Anyway, now it seems it is a crucial sticking point before anything can progress. Worst still, could this be taken away from PRD and taken over by either ONHYM or the PM's new upstream Gas company mentioned by Keith.

I will be very happy to be corrected on my concerns.

GRH

This is absolutely shocking and appalling behaviour. We may not have seen eye to eye on everything but I am very sorry for you to having to go through this.

Jimmy - did SDX overcome the issue?

It's easy to go after posters when management are incompetent as this. Yes confirmation bias is strong here, but don't we all do that when invested?

Because there was a last minute regulatory hitch and the delay meant that they were out of time with the crew that were flown over..... Roughly the excuse that was peddled out. They then decided that the quick approach would be to do rigless testing to test parts of it before the sandjet crew become available to do the rest.

This is all a con and we are all just missing the obvious. The latest sleight of hand with regards to finality of testing results is a clue.

Thank you Ed.

Thank you Nige. That is a single well or cummalative for multiple wells producing at the same time?

Edgien - could you share some light on this? Appreciate that I am not the first to be trying to ascertain this and this probably has been raked over and over on this board.

Been sitting on sides assessing CRCL whilst I wait for PRD to announce flow rates....!!

Anyway, this is turning into a very interesting story with an old field recharging itself and plenty of exploration and production upside still remaining. On that basis, I am just trying to roughly workout for my own investment purposes what CRCL could be onto here with regards to production rate if all goes well. Does anyone know the historic stable production rate for any well from this field?

This reply on X made me laugh

"Looking forward to the 1p placing"

What are they left down to now? And, what exactly is their plan going forward?

Same "purdah" happened last time before it crashed from 21 to 11p.

There will come a time when drilling and testing will be going on concurrently possibly in two geographic locations. But let us hope for now testing has started at one.

CraftyInvestor - what's the free cashflow for Nutrition?

Why couldn't they have waited another working day and announce this on Monday when the testing is suppose to start and say Testing has begun along with rest of the information released today.

With the lack of acknowledgement to the market for the start of flow testing, I have a feeling that there is yet another last minute unforeseen " regulatory hitch or obstacle" or something else to that effect.

PrivateTesla - Have you thought of the possibility that maybe because it's down to the BOD and their reluctance to test. There is only so much spin or bull case you can present. It will be middle of Jan next week......

Happy New Year everyone!! Hoping for a successful flow testing and drilling campaign in 2024.