Member Info for NickNorth

Also, dare I say, significant changes at MOU1!

I suspect you are right.

Today's satellite image for MOU3 is definitely different from the 15th which suggests equipment arrived and testing started on time.

MOU3 is visible on today's sentinel sat image but is a little foggy due to cloud. Very hard to see any difference between today and the 15th image.

But... has been said many times, if testing equipment isn't on site and hasn't started the we WOULD HAVE BEEN INFORMED.

Have been using skytruths flaring site for sometime and it is a little behind on dates. Sometimes over a week old. If we need to use flaring then I suspect we will hear about it from other sources before it becomes visible on skytruths.

Next satellite 🛰 image are due on the 15th (sunday) which will be interesting to review before the market opens on Monday.

Good to see the options are vested based on an event but not sure how they determine the event has been completed.

"Options (1,500,000) will vest upon the release of an RNS in respect of the rigless testing results for the Guercif Licence"

What does that mean? MOU3 test results, MOU3 MOU1 and MOU4 test results, or the whole license which I'm sure we haven't finished drilling yet.

Confused but very excited for the next RNS.

P.S. latest satellite images (12th) showing no change at any drill pad but maybe testing equipment isn't large enough to show on the rather blurry images.

Previously....

RNS 30th August..."Future attractive risk-reward Jurassic drilling being matured" and "Evaluation of the higher pressure shallow gas encountered in MOU-3 and a southwest extension of the MOU-3 structure would be the targets for future drilling."

From prospectus and use of funds raised..."Expenditure connected with Moroccan Guercif drilling"

What if....

The field trip planned to look at more drilling locations has happened. We know PG has been out of the country (UK).

What if....

A location south west of MOU3 has been identified.

What if...

A drill pad has been built.

What if....

It's next to the Mahgreb pipeline (MOU1 is 5km away from the pipeline).

What if... my constant searching of satellite images have sent me a bit doolally.

Re read the RNS from 27th June 2023 regarding MOU3 well completion. Well worth it.

- Multiple zones of interest from 339 to 1435 metres TVD MD

- 43 metre gross interval in Moulouya Fan

- Ma Sand gas trap potentially could cover 58km

And MOU3 is best location right next to the A2 highway.

So our original CNG proof of concept was dependent on "pre-drill production profile constraints". But another "Group" just wants the gas.

It's going to take some time to determine scale of our gas find but... we have gas, end of.

Days like today are usually a prequel to news.

IF negotiation are happening then this is the first company I've held where it hasn't been reflected by trading activity.

Could PRD really keep that tight a lid on the information. Maybe Novum haven't been included or informed 😕

GRH Twitter comment didn't hastag PRD like he usually does so just a general observation. Or is it?

PG could be out of the country for many reasons including activity around M and A. Who knows, we don't but I'm sure we will in due time.

Yes, NE Donalb. May well be nothing.

From the Proactive Presentation May 2023, SE of MOU4 would be the edge of what was identified as the "Titanosaurus Prospect". What I've been looking at seems to be slap bang in the middle of the prospect.

PRD have not always been accurate with their drill locations. MOU4 was a lot further away from MOU2 than they initially informed.

Again, maybe nothing but it's an intriguing watch.

What a nice quiet Sunday morning.

Some posters asking about sat images but nothing new to report as the latest (22nd) had cloud cover. Next images on 25th but may not be available until the 26th.

I have been scanning the landscape north east of MOU4 for possible signs of the next drill pad (if that is PRDs intention) and have an area of interest. It started to show changes at the start of September but initially thought it might be due to flooding as it's next to the rivet. But it's kept the image constant since then.

Hopefully PRD next update will inform us IF they are on with another drill location.

No FOMO Friday? Next week is the final week of September. When testing will be complete, hopefully.

We should get news either way next week.

Fantastic reminder of why we are invested.

"established a new gas basin covering up to 240 km(2) in the northwest corner of the Guercif Licence." - The corner of the massive licence.

" relatively modest, flow rates required for a scalable CNG development to create a revenue-generating business, whilst maintaining the impetus to discover larger volumes of gas for which future markets might include gas-to-power and export to Europe via the Maghreb gas pipeline" - hardly touched the potential of the gas available.

Next RNS should be transformational.

Markie

There are some visible changes at MOU1 between the 12th and 15th Sept satellite images. Movement around the pad or equipment arriving - it's hard to tell.

Also seems to be some changes at MOU4 between the same dates! More red appeared at the bottom of the pad since the 12th.

No change visible at MOU2 and MOU3.

So looks like operations are still active in some form. Await an update from the company as to what is actually going on. Hope its this week.

Is it just me or does anyone else think that next week could be transformational?

Looking for the signs early on from Tuesday. We know PRD prefer news on a Tuesday or a Thursday. Next satellite image tomorrow, late, which may give some more signs.

Image from the 5th, today

https://dataspace.copernicus.eu/browser/?zoom=17&lat=34.28413&lng=-3.44354&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2023-09-05T00%3A00%3A00.000Z&toTime=2023-09-05T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=30

Image from 31st

https://dataspace.copernicus.eu/browser/?zoom=17&lat=34.28413&lng=-3.44354&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2023-08-31T00%3A00%3A00.000Z&toTime=2023-08-31T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=30

I see more equipment in the bottom left of the pad. But, images are not as clear as I'd like when viewed on a mobile.

The weather in Guercif has been pretty good today, 28 degrees and sunny which gives a clear (as clear as the satellite gives) image of MOU1.

Looks like more "equipment" on the pad since the last clear image 5 days ago.

Hopefully KeithOZ will confirm when he comes online.

Think PRD have arranged a blanket of cloud for the latest satellite image (2nd Sept). Keeping progress to themselves.

Next image on 5th.