Member Info for NickNorth

Worth reading again and taking note of the language used.
Use of funds to accelerate development of gas 'delivery' well (Mou3). Not an exploration well!

And acceleration due to industry interest in Guercif licence area.

There seems to be 100% confidence in a mega load of gas in the drill sites identified by PRD.

And... confidence that the other assets are approaching some value realisation.

RNS reads as if MOU3 is a 'gas development' well with no mention of oil.

So directors now believe the potential rewards out way any technical risk and are willing to bet their own money on success. Also like the multiple references to 'industry interest' in our assets.

Outcome from the COP27 was the adoption of 'low emission fuels'. "This wording could also be seen as a green light for further gas production, because although gas is a fossil fuel it produces fewer emissions than other fossil fuels like coal and oil".

So Mr Ryan, get them licences approved for production.

GRH taking note of comments on this board....

"To be clear...

My own assessment of commercial success
on MOU1 & MOU2

remains 85% CoS
15% CoF

I have not yet published my personal estimates
re the oil leg

I suspect #PRD will have more than enough FCF to prove that leg too

But yes...might farm it with carried interest"

Following the excellent RNS today I've been further pondering the location for MOU2. Hopefully to see when drilling equipment arrives on site.
My previous location was some way from that in the September presentation whereas this is nearer, slightly north and west and next to an access road off the main highway. Also activity (changes in the satellite images) in October seem to match the pad completion RNS of 24th October.
https://api.soar.earth/short/s190a1araa

Never got a reply from my message to PRD for pad location which is understandable with them being positively busy.

Never like reading an RNS and getting to the word "However". But in this RNS I love it.

Aimster. As per your previous statement, making money from PRD is 3 to 4 years away. So I think the question about why are you here is valid.
Any newbies to this board can simple look at all available data to make a decision on investing. If they take notice of you they'd put a note in a calendar to come back in 3 years.

Some decent images of the power tower at Keltbray
https://www.keltbray.com/2022/10/26/uk-first-keltbray-trials-hydrogen-fuel-cell-technology-on-m621-project/

Wacky, I don't think earth.google images are that up to date. Most images can be between 1 and 3 years old or some may be a month.
I've messaged PRD directly today to see if they can confirm the actual location of MOU2 for us all. Save us searching salelite images!

Presentation from September stated all further wells, mou3, 4 and NE are 'subject to farmout' so not sure we require funding. Does beg the question will be doing the the CPR for mou3.

Agree BDT that it's not near the original MOU2 location shown in the presentation, it's just the only location I've seen any development done that could resemble a pad since the beginning of September.

Would also love to get concrete confirmation from PRD of location of MOU2 and now MOU3.

Aimster, surely strategy is to put value into the company and hence the share price. Who cares whether that's gas or oil.

Things are moving, now, and at a pace. MOU3 may be early than previous planned and I trust PRD to be doing the right thing to realise the VALUE they are sitting on.

The September presentation mentioned Mou3, mou4 and mouNE in the timeliness for q2 and q3 of 2023 and being subject to farm out.
With MouNE now being MOU3 and the location finalised, could a farmout agreement be very close?
All plans moving forward. Very exciting times.

Nearly the fantasy rns someone was hoping for this morning.

I also would like confirmation for the new location of MOU2 as it's definitely not where shown in the September presentation. Would be able watch for drill arriving on site.
Still think it may be here which is west of previous identified location and still very near thd A2.
https://api.soar.earth/short/s76rr9r46a

Very interesting spot Addon. I haven't been watching the MOU1 location for any changes.

If the watch the Starvalley Rig 101 setup video, it could possibly be seen as shipping containers if viewed from z satellite!

https://starvalleydrilling.ca/morocco/

When scheduled dates have been proposed by presentation rather than RNS, are PRD required to gives us actual dates when each part has been achieved? Don't think they are. Main RNS I'm awaiting is spud.

The previous satellite location I thought could be MOU2 pad location has further work done at it between last available images (17th and 20th). Could just be the landowner, but some very straight lines and shading shown on latest 20th October image.

https://api.soar.earth/short/sro9a22or7

Seems to be the first report that Mr Ryan understands he needs to do something. No storage! Cold winter coming for Ireland.

Mr Ryan, just approve Mag Mel. Easy.

If that is the case, and I have no reason to doubt GRH, that would confirm the location of MOU2 is not where it was suggested in the presentation.

There is still no evidence of construction at 34.321, -3.337 on the 10th October satellite image.

Suspect we wait for an RNS from PRD.

KeithOZ
Been watching the satellite images since location of MOU2 was released but seen nothing at 34,321, -3.337.
But following you observations this morning regards 2.3Km WSW from that location I've found what looks like a recent construction just off the A2 Road.
It's not visible on the 15th September satellite image and appears from the 17th September onwards. Its straight lines makes it look man made.
https://api.soar.earth/short/9a4074r9a 17th Sept
https://api.soar.earth/short/s20o06142o 15th Sept

It's just right of centre of the image.
I can't confirm it's a construction that's anything to do with PRD but has appeared since the presentation by PRD on 7th September.

Blackdogtaff. That's it.

Also at.... https://api.soar.earth/short/s1a027aoo6

If you slide the transparency down you can see the grey concrete with some sand coverage for MOU1.