PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Apols. I cant see what the trolls are saying but just for clarity....the words "read it and weep trolls" onwards are mine and not attributable to methodology.
The numbers quoted are all verifiable info from published well logs. DYOR and good luck
@Method314
Aug 30
#PRD MOU-1 Well logs:
Porosity = 21%
Permeability = 100md
Gas sat: 50-70%
The Yardstick Ranges -
Porosity: Negligible: 0-5% Poor: 5-10% Fair: 15% Good: 20% Very Good: 25%
Permeability: Fair: 1-10 md Good: 10-100 md Very good: 100-1000 md
Read it and weep trolls. All from the well logs. My yardstick will trounce any dipstick on here lol
This'll flow alright. 25/30mmcfg/d easy.
Let's see who is right when the testing is done.
Remember its about Bags not Peanuts! Yee haaa
Art123
Pl read this and get back to us
HTTps://www.reddit.com/r/PredatorOilandGasPRD/comments/xqaeza/prd_the_sleeping_giant/
this should allay your outlandish fears somewhat as regards mou1 risk and commerciality
Please enlighten us as to where we have gone wrong with our investment thesis. But before you do, pl read the sleeping giant on reddit first.
HTtps://www.reddit.com/r/PredatorOilandGasPRD/comments/xqaeza/prd_the_sleeping_giant/
🤣🤣🤣🤣
I've been pondering this for a while and realise that I probably have been making some rash assumptions as to what this could look like in the event of a corporate action.
I was wondering if anyone had any case study examples we could draw on for similarities. Thanks in advance
In fairness to GRH, he ain't kidding...he did absolutely put them out there....
Graham Harrison
@GrahamHengland
May I refer readers to
What was mentioned in 'The Sleeping Giant' Under the heading 'The proof of the pudding'
The very definition of 'Posting my balls on the line'...
In public...
in advance...
Of course... nobody else agreed with me
That's it
There I have reposted BRVs wonderful post in full. That's all anyone had to do.
Attacking other genuine LTHs only serves to help FUDsters and trolls.
I have nothing further to add to this matter and now consider this closed
Apparently I'm to blame for inadvertently pushing this great post down the thread due to FUD
I unreservedly apologise to BRV and here it is again in full
BillyRayVal
Posts: 577
Price: 11.125
No Opinion
In Paul's own words...Today 13:53
Afternoon all,
While we wait (patiently!) for an operational update, I’ve just been reviewing the recent RNSs and also Paul’s chat with Proactive last month. With so much newsflow in such a short space a time, I find it’s often easy to forget some of the detail, so I thought I’d just take a few moments to remind us all of some of Paul’s comments made during that interview:
https://youtu.be/thyYwq0VXTA?si=Ddji9eyuhFKOwIcG
(There’s a full transcript on my posting history (16th July) should you want to review this)
MOU-3:
“And what was amazing about that well was that EVERY SINGLE TARGET we passed through, there were some indications of gas…”
“...confirmed to us that the overall structural picture that we had decided to test in this particular well was VALID right from the top of the sequence to the bottom of the sequence.”
“And, importantly, it showed that gas had migrated all the way up to the top of the section to 339m.”
“As a result of that we had 44m of likely gas sand based on the NuTech analysis which was FAR IN EXCESS OF OUR EXPECTATIONS.”
“So, a PHENOMENAL well for us in terms of our expectations pre-drill, far out-weighed what we actually ended up with.”
“MOU-3 has basically UNDERPINNED OUR INITIAL CNG DEVELOPMENT...”
MOU-4:
[re the Jurassic] “So when we completed that well we had VALIDATED THE CONCEPT, we’d VALIDATED THE SEAL, through NuTech we saw RESERVOIR DEVELOPMENT and also NuTech said there was also LIKELY GAS there.”
“So although we’re excited by CNG development… we are MORE THAN EXCITED by the Jurassic which is a brand new play, everybody that’s reviewed what we’ve done at present recognises the potential of the Jurassic structure. So, ideally, we’d be looking to appraise that this year, in a relatively cheap well because we can drill these wells in 7 or 8 days at most”.
In Summary:
“… a FANTASTIC result for CNG initial development, but an UNEXPECTED HUGE UPSIDE [in the Jurassic] proven to be capable of being appraised shortly this year. So I’m VERY EXCITED for that. And that would be a gas-to-power project, potentially there’s just TOO MUCH GAS there for the CNG market.”
PRD has always been for me not just about the assets but about trust in our management (who I think are truly exceptional) and Paul’s comments speak loud and clear IMO!
I’m very happy to sit here patiently knowing that Paul and Lonny will undoubtedly be working extremely hard behind the scenes on our behalf. And in the meantime… I couldn't resist adding a few more this morning 😎
Enjoy the long weekend, all.
er excuse me donal?
that was on the thread title l10. which has thankfully stopped.
chesh on the other hand has now gone into my green bin. i didnt realise he was trolling.
now pl desist with the sanctimonious holier than thou ******
thank you
Er no. You brought up dilution, no one else from what I can see.
So you're clearly not interested in engaging in an objective debate.....
Congrats you are now #6 in my green bin. Joining such illumini as voldermort10, nigel and barnyards should make you feel very special indeed. Well done and have a great day!🚮♻️
Yes. Theres been dilution. That's what happens when you play in the nano E&P space. But as we move from the E part to the P part, then the dilution needs to be value accretive. Which it undoubtedly is.
Best of luck getting your 10.89 entry price or whatever.
As I've said before, I'm here for bags, not peanuts!
😇