Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Game on, indeed! I wish to express my thanks to Paul, Lonny and Moira, and to the whole PRD team.
Well done!
See below. FAP is a membrane protease that is highly expressed by CAFs (cancer-associated fibroblasts). Fascinating re how many types of cancer that are mentioned:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8003545/
Keith: no chance!!
Thank you ever so much, Keith. I am learning a lot from you! I just stuck Bou Msaad Diapir into AI Co-Pilot:
Hello, this is Bing! I’m the new AI-powered chat mode of Microsoft Bing that can help you quickly get information about Bou Msaad Diapir.
Bou Msaad Diapir is an interesting geological feature in the Guercif Basin located in northeastern Morocco. Let’s dive into some details:
Guercif Basin:
The Guercif Basin is a complex sedimentary basin that serves as a junction point for subsurface fault systems and networks.
It’s subdivided into a western domain starting from the Terni Mazzgout and an eastern domain extending towards the High Plateaus.
The central point that separates these two structural domains is the Bou Msaad Diapir (BMD).
Bou Msaad Diapir (BMD):
The BMD is a significant fault that plays a crucial role in the basin’s geology. It’s the deepest fault, extending to a depth of approximately 7 kilometers. The fault largely follows the Moulouya River from the Bourached region to the Bni Snassene belt. This fault acts as the “trunk” that feeds other branches connecting various well areas in the region.
In total, there are fifteen major faults crossing the structural domain, making the potential for hydrocarbons quite promising.
Other Diapirs:
Besides Bou Msaad, other salt diapirs in the area include Khorgia Diapir (KD) and Kef ed Deba Diapir (KDD), which mark fault alignments and extensions of the CMAF fault system2.
In summary, Bou Msaad Diapir is a critical geological feature in the Guercif Basin, influencing fluid migration, storage, and potential hydrocarbon locations. Patience and further exploration are essential to uncover its full potential. 🌍
Keith: thank you again, much appreciated.
A great move by the company. Congratulations to the PRD team. They do what is in the company's best interests.
Also, thank you Keith, MEM et al.
With my thanks to BRV, from the recent excellent PRD presentation:
Paul is in Morocco from today:
“I’m out there 15th April for a management meeting and I’ll be on my field trip then, and I’ll send you back some lovely photos of the rain and the wind and the snakes (!)”
We will very soon be "cooking on gas". Well done, Paul, Lonny and team!!
Nobel Prize awaits, surely!
Aren't we just talking about only a month or two either way? I really trust what these guys are doing.
I greatly appreciated the RNS from this morning and the comments by Jimmy et al re extra gas potential.
I also liked the following part of the RNS:
· Successful completion of the drilling programme allowed the Company to enter into the signing of a Memorandum of Understanding in relation to gas sales and collaboration for up to 50 million cubic feet of gas per day (50 mm cf/d) with Afriquia Gaz.
· 29 additional prospects and leads have been identified during 2023.
29 additional!!!!
I think they would wish to "open up" as much of the Moroccan prospects as soon as possible, including MOU-5, possibly because of wishing to sell off the superb Moroccan basin for the highest possible price. I would think that PRD already has a major international company lined up for this onshore, very low cost, politically and economically strategic, mega asset, right by the pipeline and major road being built! Lovely: no debt, with 75% owned by PRD, the remainder by Morocco itself.
I am grateful to GRH re this onshore field being "Leviathan 2", which I understand has 22.9 TCF of recoverable gas.
I wish to extend my congratulations to Paul, Lonny and the PRD team for all that they are doing. In contrast to so many public companies and listening to the latest presentation, it is very clear that Paul et al are VERY MUCH on the side of the shareholders, not least because Paul owns 8% of the company. But what shines through is the integrity, extremely hard work and massive expertise by "the PRD team".
Wonderful too re Trinidad and waiting upon Ireland, which imho won't take long. My congratulations to the PRD team. You are doing an excellent job, and I wish to say thank you.
Keith, thank you for your excellent posts. Greatly appreciated and educational.
I am a great fan of PRD. Thank you to the other contributors as well. Also, I thought that the presentation was excellent.
Sent disruptive posts to LSE.
I went onto Microsoft Copilot and typed in: how does sand jet perforating work? This is the answer, which I have found helpful:
Sand jet perforating is a fascinating technique used in the oil and gas industry to create perforations in well casing, cement, and deep into the formation. Unlike traditional explosive perforating, which is a “one-shot” process, sand jet perforating offers more flexibility and precision.
Here’s how it works:
Abrasive-Laden Slurry: The sand jet perforator (SJP) uses an abrasive-laden slurry (a mixture of fluid and sand) to create perforations. This slurry is pumped downhole at high velocity.
High-Speed Jet: The slurry flows out of specially designed nozzles on the perforating gun. These nozzles direct the high-speed jet toward the wellbore wall.
Formation Penetration: Within a short period of time, the fluid/sand mix jet cuts through the casing, cement, and even deep into the formation. It creates a hole or slot in the casing and a channel in the cement and reservoir rock.
Adjustable Parameters: Unlike explosives, which have fixed characteristics, sand jet perforating allows for variable parameters. Operators can adjust pressure, pumping time, and other factors to maximize penetration depth.
Advantages of Sand Jet Perforating:
No Skin Effect: The SJP provides perforations with no skin effect or formation damage. This means that breakdown pressures for fracture initiation are reduced, leading to more effective stimulation treatments.
No Explosives: Unlike traditional perforating guns, the SJP does not require explosives. It’s ideal for situations where electric-line-conveyed guns cannot be used due to well conditions.
Operational Flexibility: The tool can be run with jointed pipe or coiled tubing, enhancing operational flexibility.
Customization: SJP tools can be customized for specific casing sizes and phasing to meet customer requirements.
Depth and Temperature Tolerance: The SJP has no depth or temperature limitations, enabling operations even in high-temperature, high-pressure environments.
In summary, sand jet perforating combines precision, flexibility, and efficiency to enhance well productivity and reservoir access. 🛢️💨.
I thought the last sentence was excellent.
Do we think that PRD is "almost ripe" to be bought as a whole company (Morocco, TT and Ireland), analogous to Cove, as imho GRH has more than hinted? Maybe Morocco PM's company for domestic, industrial plus gas to Europe, then A.N. Other for further exploration within Morocco and Trinidad ( Ireland )? Does this make sense, or am I mis-interpreting what is being alluded to?
Anyway, prize assets and highly experienced team.
In the last RNS on 20th February:
Paul Griffiths, Executive Chairman of Predator, commented:
"The Phase 1 rigless testing programme has confirmed our long-standing plans to use Sandjet to better target a number of zones of interest identified by the NuTech petrophysical interpretation. The presence of potentially deep formation damage caused by heavy drilling mud has re-confirmed the necessity to test these zones for which the wireline logs are likely to have been impacted by the invasive drilling mud.
"WE ARE VERY CONFIDENT THAT WE CAN DESIGN THE SANDJET TESTING PARAMETERS TO EXTEND BEYOND THE ZONE OF FORMATION DAMAGE"
(These excellent people know exactly what they are doing. Real professionals).
Thank you, Ibiza. Was there some talk about a special dividend for investors in PRD on a major sale? eg Ireland? Or was this for Morocco?
Or indeed, is that incorrect? Either way, I entirely agree with you about the de-risking.
Just to say that the Proactive interview below was on the 14th of July, 2023, the day after the superb RNS of the 13th July
with the great news about MOU-4:
https://www.youtube.com/watch?v=thyYwq0VXTA&t=249s
Thank you very much, Keith. A real debt of gratitude. My question: is the import/export terminal different from the gas pipeline?
Just to say: Morocco have been, and are, making every effort to attract international companies to invest in oil and gas. In no way would they wish to rock the boat by any underhand tactics, as implied by at least one person here today. That would scare off every company from having any dealings with them, and there are quite a number besides PRD. Sure, we'll get our permits etc. There will be no problem there. They desperately need the gas internally, and they have that nearby empty pipeline to export the gas. Both Paul and Lonny have built up decades of contacts /friendships/trust within Morocco.
eg https://energynews.africa/2023/09/28/morocco-oil-and-gas-summit-2023/
Surf - I entirely agree with you.
Imho, the price down here in quite stupid. PRD have this massive asset in Morocco, they have a Memorandum of Understanding with a very large company there, PLUS major assets in Trinidad and in Ireland.
PLUS NO DEBT.