"With this report we are solely focusing on the exciting potential of the MOU-5 exploration well in the Guercif licence, onshore Morocco. This well is targeting a 5.9 TCF gas prospect with the potential of additional value added from helium being present. Using a RENAV we derive a value of 111 p/share from the natural gas and 36p/share from the helium. This gives combined value and target price of 148 p/share."
If not drilling until Q3 why raise now. Doesn't make sense. Surely delivery something, just something please and then raise at a higher price if needed.
Just suggests that T and T will not deliver anything cash flow wise this year.
Very frustrating, just please deliver something PG.
The pad clearance and access road creation/update has been very quick. Pad area and road appeared between the 24th and 27th of January. Both done through quite thick vegitaion (olive groves). And, a very precise location!
When the target is so large a very precise location has been selected for the first drill. Confidence is building.
Nice find Addon. Definitely looks like some clearance being done and a road is more visible on the 27th sat image. Today's image may well confirm, if it's clear.
Obviously disappointed at further stretch of the timelines for MOU-5 and MOU-3 testing but it does suggest that PG is aiming for a big reveal when we have testing results for both wells.