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Thank you for your kind words..
I think it was Ian Cassel who said that Small public companies are first discovered by smart retail, then by small institutions, then by large institutions, and then finally by dumb retail.
So I’ll leave you with the following thought..
The opportunity of a life time must be taken during the life time of the opportunity .
DYOR
Thank you, Jimmy23
I was hoping someone would highlight the opportunity for companies like Predator and Chariot. Like Kissinger explains, we are at the end of an era and regardless of climate change and the need for cheap energy there is no going back to cheap Russian gas.
This fact alone has enormous consequences for the British and European energy markets. German industry had 30 year long-term gas contracts with Russia… just think about that for a moment.
Now they are at the mercy of a highly regulated energy market and are facing crippling spot prices for gas. The wholesale prices are now hitting the retail market. The political solution is to print money and manipulate the market with price controls paid for by yours truly, the tax payer.
The ONLY solution before we all go bankrupt is producing or importing more natural gas.
Opportunity knocks.
DYOR
“First and foremost it’s about the geology” PG
Thermogenic gas migration supports, in this part of the Guercif basin, the pre-drill geological interpretation for a deep gas "kitchen" connected to shallower reservoirs by large faults.
MOU-1 validated the pre-drill seismic bright spot anomaly and successfully proved up and substantially de-risked the MOU-2 Target.
We are targeting an over-pressured Tortonian submarine fan system covering at least 30km² and up to 2,000m depth .
Beneath this lies a Jurassic substratum followed by Triassic deposits and a Palaeozoic basement down to 7km.
Large faults coincide with surface and subsurface anticlines of the Guercif Basin.
These anticlines, arched like folded structures, are associated with synsedimentary strike-slip faults and are characterised by their positive flower structure.
The term "flower structure" reflects the resemblance of the structure to the petals of a flower in cross section.
The presence of positive flower structures is favourable for the formation of structural closures and thus the accumulation of hydrocarbons.
The majority of oilfields in the North American Los Angeles Basin, along the San Andreas Fault, are located in positive flower structures.
Faults within the flower structures are highly efficient pathways for gas migration. They often show as gas chimneys imaged on seismic data.
Of course there’s more, much more.
Please read the Reddit link to Methodology’s excellent must read post for all investors. ?
https://www.reddit.com/r/PredatorOilandGasPRD/comments/xqaeza/prd_the_sleeping_giant?
DYOR..I have and it’s off the scale.
GLA
Afternoon all. Thanks for the excellent feedback from the attendees of last night’s presentation. Unfortunately, due to business commitments, I couldn’t personally make the meeting.
MEM, to answer your query….
It was interesting that the company formally confirmed the MOU-NE target as an oil-bearing prospect. I posted sometime ago that there were TWO distinct plays on our license area, the gas play and the oil play.
If the gas is derived from oil source rocks that crack at high temperature then typically we will find more oil than gas. The ratio is five times more oil to gas. So 1tcf of gas should equate to one billion barrels of oil. Like GRH I expect this to be an underestimation.
Guercif basin has undergone considerable uplift and infill. Large faults run across the area at considerable depths. These ‘trapping faults’ divided up the area like a mosaic . Along with gravity and geology, these faults are the key to understanding the accumulation and drainage/migration of hydrocarbons.
There are risks. Drilling in the right area is crucial, one only needs to consider the previous wells. However, the rewards will be life-changing for the brave and well-researched.
GLA
Zebra04,
we can respectfully agree to disagree.
https://www.nationaldebtclock.co.uk
The European Union’s experiment will fail. Globalisation will fail.
We have the worst bunch of world leaders in history. They do the exact opposite of what they should be doing. They have a collective idealism for the world.
What they refused to except is we all have separate borders, cultures and identity.
What they refuse to acknowledge is without the same economic overheads on labour there can be no fair competition.
The labour based economy in the west is increasingly unprofitable. Our demise will continue and gather pace until we the people end this nonsense.
Of course ‘they’ knew the consequences more than 30 years ago. The late billionaire financier Jimmy Goldsmith’s proficiencies warned in his book ‘The Trap’.
They knew but did it anyway.
Those who can’t pay won’t pay.
GLA
Hi Keith, apologies for the late reply.
To clarify my research shows for good type II source rocks you would generated one billion barrels of oil for every TCF of gas.
There are caveats , not least the complexities of the extensive fault system. That said the company are undergoing extensive seismic of the whole permit area . Also the reference to the North Sea permits was interesting.
All just my opinion of course…DYOR.
Another excellent RNS Drilling and Operations Update from Predator , the data continues to get better and better from the Moulouya Fan and this alone can be transformational for the company and it’s shareholders.
There’s much talk of the gas potential from the Guercif permit area. Some seem to think the entire Basin in northern Morocco an area of 7,269 km2 could be containing multiple TCF.
Let’s consider the possibility for this outcome.I’ll keep this simple..
Most of the largest gas fields in the world contain very little oil. Most of the largest oil fields contain very little gas. The exceptions tend to be basins that have undergone considerable uplift and erosion. Here we can find large oil accumulations next to large gas accumulations. Guercif is one such example.
The hydrocarbons are dependent on the source rocks. Gas source rocks will not give you oil and it won’t give you dry gas. However oil prone source rocks can give you large amounts of dry gas. Cracking gas at oil window temperatures make gas migration highly likely.
From the RNs issued on the 6th July 2021 came the following statement..”evidence of thermogenic gas migration supports in this part of the Guercif Basin the pre-drill geological interpretation for a deep gas "kitchen" connected to shallower reservoirs by large faults.”
At the time I posted my ‘elephant in the kitchen “ post containing the following paragraph ..These hydrocarbon gases are produced from higher temperature and pressure and involves thermal degradation and cracking of organic matter(Schoell, 1988).
The Moulouya fan gas system in my assessment as undergone phase separation. Some very large gas fields at shallow depths (1500m) have an oil rim. They get separated and form gas caps and in some cases gas fields Oil prone source rocks from the deep kitchen under pressure, volume and temperature (PVT) migrating upwards. We can also say with some confidence that the fan lies very close to the source kitchen.
Finally I will also say this, since the source rock is oil prone I’d expect the bulk of the accumulations to be oil. The elephant in the kitchen, hidden in plain sight .
How much?? Be prepared to fall off your chair….
5 x more oil than gas or put another way 20% gas.
So multiple TCF’s.??? Try doing the math on just 1 TCF. ..Staggering.
I could be wrong.
DYOR
What do you REALLY know?
The question EVERYONE should ask but staggeringly few do.
Many are familiar with the Pareto principle of distribution the 80/20 rule. Some prefer to call it the law of the VITAL FEW.
You see when it comes to HIGH performance the rule is closer to 97/3.
Which simply means 97% of people get it WRONG.
So readers when someone shares information...knowledge obtained from investigation, study, or instruction,
Intelligence, news, Facts and data and in some cases openly share and demostrat a career of HIGH PERFORMANCE, one should sit up and take note.
DYOR
Understanding the complexity and the different plays.
The gas play
The area around Mou-1,4 and 5 is an area of strong positive magnetic anomalies.This is highlighted by a series of ridges or arc’s. Together with deep seated faults and the Neogene-Quaternary basin infill , we are targetting a over-pressured Tortonian submarine fan system covering at least 30km².
The oil play
MOU-NE is a completely different play. This is a deeper oil bearing target. During the rifting and basin inflll stage, Triassic and Jurassic formations were deposited and superposed on the denser Paleozoic basement.
The basin was filled by carbonate platform deposits. These were penetrated by drilling of the TAF-1X and KDH-1 wells but missed their targets.
The location of MOU-NE is interesting. The latest RNS mentions an elevated position relative to the down dip TAF-1X well.
We also know that this is at the outer edge of a Jurassic structure that stretches westbound to over 100km. Down dip and westbound also maps the deep seated, highly negative anomalies located in the centre and the south. This area is affected in general by E-W to NW-SE trending faults.
This question also needs to be asked . Are our drill locations being influenced by the limitations of the in country star rig ? I think so. That said we should bear in mind the objective’s, costs and the game we are playIng out - to prove up and sell out.
AIMHO
DYOR
Good evening,
Following on from the excellent Rns and operational update dated 12th May 22 …
Mou _1, 4 and 5 are targeting an over-pressured Tortonian submarine fan system covering at least 30km².
This part of the Guercif Basin reaches the maximum depth (approx 2,000m) of the Neogene-Quaternary sequence which overlays the basin.
It lies between major vaults that run between 4 to 7 KM deep. It is likely hyper-charged. This play alone could be transformational for the company and it’s shareholders.
Then consider this..
The area we are targeting has a maximum Neogene-Quaternary depth of 2,000m. Beneath this lies a Jurassic substratum of approx 1200m followed by Triassic deposits and a paleozonic basement down to 7km, all of which could be charged with hydrocarbons.
The question then becomes do we need a bigger rig ???
Time to lie down…my head is spinning.
DYOR
From the RNs issued on the 6th July 21??“ evidence of thermogenic gas migration supports in this part of the Guercif basin the pre-drill geological interpretation for a deep gas "kitchen" connected to shallower reservoirs by large faults.”
I mentioned at the time that this was an important and significant statement. Subsequent drill data revealed the reservoir interval is over-pressured. New targets have been identified. They follow these “large faults”.
GRH and others have mentioned many times about the importance of hydrocarbon charge and intensity. It remains the most important geochemical factor when estimating large oil and gas fields.
Guerrcif is hyper charged.
Over the years the tectonics of the region and its faulting system and structures have remained largely hidden and poorly understood because of thick sedimentary cover.
They are deep and numerous and cross the basin like a mosaic.
Yes indeed “tear them up”
DYOR
GLA