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While we wait for news, hopefully this week especially on Ireland, some recent observations about drill pads in Morocco.
All comes with the usual caveats due to the quality of the satellite images.
MOU3 – already reported that some kind of ground works have been done to the top right of the pad between the dates of 25th Jan to 28th Jan.
MOU2 – like MOU3, some kind of ground works have done to the top right of the pad between 29th Feb and 3rd Mar.
Yes, I know, this could just be the local farmer but why right next to each pad and in the same position? There are plenty of other locations around the pads that haven’t changed due to farmer activity!
MOU1 and MOU4 show no change.
MOU5 – still watching for signs of a new pad SE of MOU4. Some possible locations but none showing the same characteristics (colour mainly) as the current drill pads. Current suspicion appeared after 29th February and is here:
https://www.google.com/maps/place/34%C2%B016'37.5%22N+3%C2%B019'23.8%22W/@34.2764328,-3.3248579,641m/data=!3m1!1e3!4m4!3m3!8m2!3d34.27708!4d-3.32327?entry=ttu
https://browser.dataspace.copernicus.eu/?zoom=17&lat=34.27683&lng=-3.32335&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2024-03-23T00%3A00%3A00.000Z&toTime=2024-03-23T23%3A59%3A59.999Z&layerId=1_TRUE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE
Road access shows on the google map image and similar to all other drill pads, there is a man-made water store very nearby.
Quick points for me:
Slide 13 confirms that CNG planned at MOU3. Earlier sat images seem to confirm some initial ground works done in preparation.
Slide 14 confirms we are targeting OIL at MOU5 along with GAS. Really like the $13.7Bn of gross revenue potential.
Slide 15 confirms that success case of MOU5 will result in the divestment of the Titanosaurus Project. Suspect this is already on the radar of a number of majors.
Not too happy with delay in Morocco progress but seems the management is far too stretched with all other projects on going.
Interested to see some detail regarding West Africa and lets not forget, Ireland news due in the next 2 weeks.
While waiting for update of Morocco, I've been watching for any further indication on where MOU5 could be. SE of MOU4 about 1.7km distance was previously mentioned. We have previously watched a site that was SE but 2.5km for MOU4 but has changed liitle over that last couple of weeks.
New possible site has just appeared on the latest satelitte image (5th March 2024).
https://browser.dataspace.copernicus.eu/?zoom=16&lat=34.28266&lng=-3.32516&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2024-03-05T00%3A00%3A00.000Z&toTime=2024-03-05T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE
Image shows MOU4 in top lef with possible MOU5 in the middle at the bottom. It is 1.7km SE from MOU4.
Would like to say it’s sad times we live in but seems more like normal times at the moment. Why do people think they have the right to blame others for their own actions? Take responsibility for yourself. Threats of harm to others based on decisions you have made are just wrong. Do not make the decision if you unable to cope with the potential outcomes.
GRH, stay safe. And please continue to post your views and research. Some of us appreciate it immensely to validate our own research. But at the end of the day, the decisions we make are our own.
Even though the penetration guns were unable to get beyond the formation damage PRD were able to collect 7 gas samples at 7 different depths for MOU3. That’s 7 gas samples at 7 different depths. All of which were ideal methane levels for CNG development.
That’s 7 zones at MOU3 only suitable for CNG development. Just need the flow rates. Surley, if you can collect gas samples through formation damage without reaching the reservoir there must be some pressure behind it.
Nothing has changed. We have gas. We have Contingent Resources of gas. We are just continuing with the plan to get them Commercially Recoverable.
Haven’t sold a single share and would be buying more with any available funds. I can wait.