Member Info for NickNorth

More activity at MOU2 between 24th and 26th November.

Very straight line from top middle to middle of pad that appears on the 24th is shorter on the 26th. Some other movements at the top of pad also.

Jules8

No, not on telegram.

Images available through the site I use are rather poor so use the comparison tool to 'slide' between dated images to try and identify any changes.

Hopefully all will become a lot clearer soon with an update from the company.

KeithOZ, just to add my thanks for reminding us all of what is in plain sight for all to see. Excellent post as always.

As I've been watching the satellite images over the past few weeks, MOU2 has shown the most activity. Understandable as I know it's used for equipment siting but something has intrigued me a little.

The google map image of MOU2 shows in detail the spill pit for drilling activity...

https://www.google.com/maps/place/34%C2%B019'15.6%22N+3%C2%B020'13.2%22W/@34.3215715,-3.368296,154m/data=!3m1!1e3!4m4!3m3!8m2!3d34.321!4d-3.337?entry=ttu

Scrolling through the Sentinel images between the 15th and 25th of October seems to indicate the spill pit being used again! In the absence of testing from the 16th, could we have been trying to get though the awesome seal at MOU2?

Just wondering.

Nice trade and share price action today. If my chat feed was full of green I'd be thinking news tomorrow.

Think some have assumed that since the announcement on the 7th about MOU and no testing that PRD have just being doing MOU negotiation and nothing else. Latest satellite images of the 19th compare the the ones before the last RNS (images from the 4th) seem to show some changes at every pad.

Suspect the next announcement will be pretty full and not just about MOU agreement.

Does make you wonder why a simple gas sale MOU would take so long to formalise. Unless it isn't a simple gas sale MOU 😉

.

Revoy

Quite simple. He's visited the kitchen and he's fit to bursting.

Exactly Rob.

We have gas to sell. Why would you entertain discussions if we didn't?

I suspect that PG and LB have an idea of how much even without testing. Testing just confirms their understanding and probably exceeds it.

Does anyone have experience of MOU in the O&G industry?

Previously worked in IT for the Insurance industry and a MOU for intention to purchase could be produced and agreed between parties in less than a week. Now a contract was a different animal!

Just wondering how long it would take for PRD and CompanyA to produce and agree one. If that is what's happening 😉

I would ask everyone to reread the RNS of the 5th of October.

Lots of detail about commercial aspects for gas at wellhead and cng development with parties which have probably been thrown up in the air because of recent conflict developments.

Yes it mentions testing on or before the 16th, anc I'm as frustrated as others about not being informed that it hasn't started. But, we SHs have no idea who PRD were in commercial discussion with.

Lastly, there was no indication (trades or fud) that an RNS was coming this week so maybe, just maybe, we may get another surprise RNS soon.

No. The green troll filter count isn't big enough today.

Based on today's RNS, could 1 of our cleverer posters put some value against the T&T asset. If at all possible.

"For the avoidance of doubt"... we will test the amount of gas we have when we have agreement for a buyer to buy it.

You wouldn't be negotiating with a buyer if you didn't have anything to sell.

T and T is good news, Morocco is delayed news, again.

Comms is crap but hasn't changed the potential of Morocco.

Wouldn't be negotiating MOU if we didn't have gas to sell.

Also, if it is a flare it would have been spotted by the satellite at around 11am today. But would have been known about by someone/anyone/everyone earlier than that. I suspect we'd have seen more trading activity today if we were flaring at MOU3.

OK, see what you are seeing on the 25th image but if the image is set on "false colour" you'll see a lot of orange across the image.

Scrolling back through dates there are plenty of other images with orange/red on the drill pad at MOU3.

Now, I'm not saying it's not a flare but could as easily be a piece of equipment.

Not seeing any evidence of a flare EC. But not sure what it would look like on a sat image.

New satellite images due today but not sure whether flaring would be visible if present. Think it's been discussed previously that Sentinel wouldn't be able to spot a flare but wtfdik.

Skytruths website seems to be stuck on images up to the 8th October. Hasn't updated since which is odd. I've seen it at 7 days out but not this long before. Someone asked them not to update the Morocco area maps? 😉

"a situation or course of action having both positive and negative effects"

But of course you only highlight the speculative negative.

Mega volatility will come when the next RNS is posted (or just before) and I suspect it will be upwards. Very upwards.

Just to complete review of all the pads:

MOU2 seems to be showing additional "stuff" on pad on the 20th satelite image against the 15th.

MOU4 is obscurred by cloud on the 20th so unable to identify any changes.

Further pads - the pad contruction for MOU1, 2, 3 and 4 are all consistent in size and colour when viewed on the satelite images. So any new pad should be visible if contructed. Not been able to find anything concrete, yet! Hopefully next operation update will inform us whether PRD are planning, or already identified future drill locations.

Hepseal

I believe they are for the specific dates. Today's, 20th, has a sensing time of 11am today. Think it takes a few hours before they are available on the site.