Member Info for NickNorth

SDX today... "The sale of our West Gharib assets represents a milestone in the execution of our new growth strategy in Morocco."

4 Wells drilled without 3D. No dusters! Know where I'd prefer to spend my money. Drilling.

TheBold in TheBin.

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.

Yep, The bold getting very close to my green bin.

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.

What a very quiet first day of March. Lovely.

Is there any real world examples where heavy drilling mud used for well security hasn't been penetrated in later well testing?

Just cant see it myself! But happy to be educated.

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.

TT-T. Oh yes, "whilst drilling". Should have seen that.

So why take so long to tell us that? MOU3 was drilled months ago.

Or was this another example of keeping their cards close to their chest.

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.

Got there before me Adon. Quite a short test that if all equipment removed/moved.

Excitement building. Do hope we hear some news this week.

Still don't understand why the market is so blind to this opportunity. Has it stopped investing in opportunities, especially oil and gas?

Had also noticed the excess moisture at MOU3 running down the access road but hadn't put it down as another drill. Brilliant work.

Exceptional as always Keith.

Has MOU3a been mentioned in previous PRD comms as I seem to have missed that nugget?

Following on from Adons radar view of MOU1 yesterday, there is definitely equipment showing on pad on today's satellite image.

Not sure the reluctance to post a link but here is what I believe Adon is reviewing...

https://dataspace.copernicus.eu/browser/?zoom=18&lat=34.28406&lng=-3.44289&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fea820656-1f43-408b-9554-afc79eea489a&datasetId=S1_CDAS_IW_VVVH&fromTime=2024-02-16T00%3A00%3A00.000Z&toTime=2024-02-16T23%3A59%3A59.999Z&layerId=8_RGB-RATIO&demSource3D=%22MAPZEN%22&cloudCoverage=30&dateMode=SINGLE

There is a change in "image" for MOU1 as you scroll back through the dates.

Please post us a link Adon. Always happy to be educated.