Member Info for NigelHaemoglobin

NewK

Two years from discovery to first gas would be actually quite good. More expo and appraisals, analysis, FEED, building a gas processing facility, how does gas get to market? Is there enough wet gas to liquify? Is a CNG project required? A more realistic time horizon would be 2+ years. Two would be excellent.

See what Jimmy writes and plan your investment strategy around that but more importantly DYOR and find a field development engineer to talk with at this or the other O&G companies which you are invested in.

At some point heavy engineering checks will be required, 'D' checks as we used to call them.

What an utter berk, Char already have a large offshore find, a partner with massive pockets and another offshore well within months.

Steve, it's all in the RNS. Expect a few months of detailed analysis concurrent to logistics planning for what will probably be coiled tubing based ops. If they test within six months I would be more than happy. Jimmy may provide more comprehensive speculation of future events with a bit of luck. Also, good to see some contrition from the Antipodean this morning: rare indeed!

Thanks Jimmy

I look forwards to studying the results, I'm non industry as you know so will have my SPE 2018 manual to hand. They are about to start a new revision which you are no doubt aware of.

Absolutely agree, just a somewhat simplistic post. In fact at 38 mmcfpd constant flow it would be history in 32 days if 1.2 bcf.

Just for perspective but you are quite correct.

Jimmy 38 mmcfpd is no good, it will be empty in under six weeks haha. I think that is why the sp has stagnated, good targeting from CHAR's geo team but a typical Morocco onshore find, somewhat bijou!

Anyone else vaguely disappointed that more comprehensive testing was not carried out post TD? Good potential outcome if CT testing goes well but we don't want to do a PRD and allow years to elapse with minimal testing progress.

Please don't misunderstand the post but quite soon I would like to see the forward plan from CHAR. Added on weakness following the usual FOMO chaos on the bell.

Can't comment on psychiatry, just think he is Major Misunderstanding who likes to blow off (so to speak) at gin 'o' clock.

All ambition to link their gas find (mostly untested) to the MEP seems to have fizzled out. A CNG project has been sketched out but they still await the SandJet system (sub-fracking) to prove anything along with a high risk step out expo well. They have an exclusivity agreement to develop and market CNG (long term project?) but that is it. I suppose it was a spot of luck to be able to invest after Dartois-1 but I will invest more on weakness if D-2 is not a discovery.

It's a shame really but PRD could do with a still lean but broader executive team.

Good luck all!

Booooom indeed Jimmy, my call could have been timed better but it was rather odd to see the auction price peak a few days ago. Not really a trader though, far more interested in the psychometrics and wisdom of board members.

Suresh for how long have you been investing in E&P without understanding what mcf means? Happy with contingent v proven? Read the SPE manual.

Moreover Jimmy the carefully managed and orchestrated delusion set up so that a few individuals could have profited from the masses is now falling apart.

Even the vainglorious seftzenhausen harbours doubt.

Okidoke I'm a turkey then. Your O&G calls are? Fire away.

Grh was a GKP fan but it was geological complexity, toxic regional politics and the OP collapse which lined up to stuff the original holders, every single unhedged one diluted to oblivion.

Absolutely Jimmy, to quote The Eurythmics who am I to disagree? However, more wells mean more bureaucracy, palms to grease, lower margins, more logistical complexity.

Regarding SandJet I expect there some 'interesting' discussions going on. They want top dollar (who doesn't) not thin margin standby fees. I'm still calling an evens bet on if MOU-5 will be drilled this year.

No doubt seff thinks we are a 'sleeper cell'. Rather than threatening me he ought to take himself over the water where the perpetrator of that bloody awful day in Hyde Park lives as free as a bird thanks to the Blair government's non prosecution letters.

Ok, feel free to chuckle and allow 12 months. Firstly, not great timing to wade into the majors, that was during the early recovery post OP collapse. BP was a good earner, should have held it for longer.

Char, Jse, Rkh and long odds punt on Eog, Bor. Possibly PRD but investing now is a high risk punt on non compartmentalisation.

Avoids? Everything else but especially PANR and 88e.

Feel free to call me an A* turkey in 12 months and I will accept it!

Probably due to auction but my price alert feed just reached 13.17

I predict a strong rise tomorrow.

Well done Jumbo, you are correct. That is you were correct until they made an almost certainly commercial discovery.

As usual I will be one of the ten percent in any given O and G to make money. You see chaps like you, seff etc arrive at the party way too early.

It's hilarious Jimmy, I suspect that Sef1882 is a made up character...so like 'Major Misunderstanding' in Viz haha!

Anchois was drilled after 3D analysis

Risk exists for well #2

PG's third company pecking around in Morocco

Jimmy's knowledge is professional, I'm just a PI.

Try not to be delusional? It's fine to be in any or all companies.

Don't restrict yourself to one nation or region, too risky.

Bored with you now