The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Morning all,
MeM, may I correct you.
“Paul has always known what is there”
The evidence is in the 2012 Pathfinder CPR.
GRH
This is interesting if you’re not including the Mou fan within the Jurassic.
“And no…its NOT the only such structure within the acreage”
In James we Troll.
Oh Dear.
AIMHO of course.
Gla.
Wacky.
Morning all,
I would like to second your comments BRV, It has been quite a week to say the least, notably a less desirable entity got what was coming and deservedly So.
I have No time whatsoever for Company Bashers, not only PRD but the wider community in General.
These people destroy not only peoples livelihood's but all the other mechanisms in the background which makes the Companies Tick from the Tea Lady (If you can say that anymore ?) to the Pension Funds which so many People rely on.
They are Thieves, Charlatan's and Vagabonds.
I hope Keith enjoys his holidays, his contributions will be sorely missed.
I've also noticed that GRH is not posting as much as Normal, perhaps the Trolls have got to him again ?
I've posted his Twitter details here for any Newbies to the Company.
Graham Harrison
@GrahamHengland
Wonderful Wife
Beautiful dogs
Heroic cars
Founded & floated Investment Bank
Closed on $22BN
Serial Investor
Serious hydrocarbons
Everyone on here I'm sure will agree that his contributions are made for all our benefit.
Also For all Newbies to the Board, Pretty much what you see is what you get.
PRD is a great Company to Invest in.
We have had our ups and downs, mostly beyond our control, however we are now on the cusp of Greatness.
This Company will be remembered not just for the Discoveries that it has made in Morocco but everything that Morocco has planned for the next 50 years will be achievable by the resources in which the country will have at its Disposal due to the Sheer Brilliance of our Management Team.
The People of Morocco may not Know where the Electricity comes from to power the machines or the gas to cook their food, but they will be silently grateful for the opportunity.
I'm really looking forward to the new CPR and must admit I missed the info regarding the possibility of another well on the License, Mou5 ?? ( I didn't think we would need one)
So Heres to a very exciting coming few weeks and months.
And of Course AIMHO.
GLA.
Wacky.
Not to any great extent, only a percentage MeM,
They help us out.
We help them.
Atb
Wacky
Ok
So thinking right outside the box.
If we are JV in some way with Chariot on Guercif /Hassi Berkane,
Do we get a slice of Anchios ?
Funded by our very nice income from Guercif ?.
Mmmmmm ?
Next rns or two could be revealing.
AIMHO of course.
Gla.
Wacky.
Hi GRH
I must admit that the thought had crossed my mind with the sums gone for by Chariot were what we would need for CNG.
Coincidence ?
Ok, So what about Chariot going for the old Hassi Berkane license which as we know was part of the original Merada/Guercif license when Transatlantic were in town before Prd arrived.
Would we go JV on that.
The acreage is reportedly quite a good prospect for Oil and Gas.
Has anyone still got a copy of the Maxim Resources cpr for the Hassi license.
It was posted quite a while ago.
Atb.
Gla.
Wacky.
I think GRH has given us another Cryptic Elvis song to start humming.
Way down where it feels so good
Way down where I hoped it would
Way down where I never could
Way down, down
Drill baby Drill.
AIMHO of course.
Wacky
Affc21
To re enter an old well would be questionable, I agree.
But from memory TAF-1X has been renamed TFR1 ?? Why would you do that, if not to be included in some future project and we do have some experience in the re entry of 50+ year old wells and make them produce again,
Inniss Trinity Trinidad.
Thanks for your comments.
Atb.
Wacky.
Hi all,
If there were to be any Oil found from the Mou4 drill site, it would be a nice added bonus, but considering the drill will be updip from the TAF-1X well drilled in 1979 by Phillips and if the plans have remained the same as stated in the
RNS 28 September 2021, the MOU4 drill will only go to a depth of 1200m.
So I doubt there will be any major Oil shows at that depth. I could be wrong.
https://www.lse.co.uk/rns/PRD/investor-presentation-and-operational-update-wn88vrmsy6lgdbd.html
This Paragraph from the RNS about MOU-NE (Now MOU4) should be thought about quite carefully.
"A further prospect for drilling has been identified as "MOU-NE". Its location is being included in the new EIA. This is a basal Jurassic target at approximately 1,200 metres drilling depth and within the drilling capability of the currently available in-country rig. The prospective region covers an area of potentially up to 105km² and the proposed well will test part of a large carbonate bank. Offset well TAF-1X to the east has reservoir development within this target interval and gas shows in the lower part of the Jurassic. Success for MOU-NE, depending on the scale of a potential gas discovery, could open up a welcomed gas export market to Europe through the Maghreb Gas Pipeline (passing this year into 100% Moroccan ownership)".
So, again there may be no Oil.
But there could be a Lot of VERY VALUBLE CONDENSATE.
https://blackrockmidstream.com/blog/4-reasons-why-the-midstream-part-of-oil-and-gas-is-so-important-hdmz7-pzj2s-h5mh5
And because Morocco has a Large LPG/Butane, bottled gas industry, there would be an Immediate Market for the Product.
Finally don't forget we have a spare wellhead in our Stores.
I have always thought that it is being kept to one side for appraisal of the Titanosaurus Field using Offset TAF-1X Well in conjunction with MOU4.
We shall see.
AIMHO of Course.
GLA.
Wacky.
Good to see you back Caterham.
Wishing you a speedy recovery.
Atb
Wacky
Morning all,
I was once told by a Schlumberger engineer that the drilling mud is the medium that relays the well data information to the surface, incredible as it may sound, so the unexpected sticky clays could possibly confuse the data when it’s mixing with the drilling mud.
Happy to be corrected.
Every days a learning day.
Gla.
Wacky.
Morning all,
Yes totally agree, about time the Industry stood up to the Greens and the Ideological nonsense they spout.
Meanwhile, Mr Jim Dollard executive director of generation and trading with the ESB has said, this.
https://www.businesspost.ie/news/kinsale-gas-field-has-huge-potential-for-energy-storage-says-esb/?utm_source=rss&utm_medium=hp&utm_campaign=RSS
Glad to see Morocco is back on Track.
Really looking forward to the publication of the latest CPR.
GLA,
Wacky.
Sorry to hear of your loss Fred.
My deepest condolences.
Wacky.
Morning all,
That is pretty serious stuff F&M
I did read an article last year regarding Ireland’s security around its undersea infrastructure and the concerns that it raised.
An update to this year
https://www.thejournal.ie/irish-navy-undersea-cables-pipelines-eu-maritime-security-6019031-Mar2023/
I’m sure Minister Ryan is aware.
Gla.
Wacky.
Morning all,
If there were to be any major Oil discoveries I would imagine if any surplus were to be sold on the International market there is a good chance the Hydrocarbons would be shipped via the New Nador West Med Port, north of Guercif due for completion July 2024.
Timing ??
But will we have sold on the License by then ??
https://www.jandenul.com/projects/design-and-construction-new-seaport-nador-morocco
AIMHO of course
GLA
Wacky
Morning all,
Boom.
Gla
Wacky
Yep, it does help to read the article correctly.
British Gas.
Apologies
Wacky
Morning all,
This article is quite old circa 2007 when Primera Energy took up a farm in on the Cory Moruga license.
I didn’t but do now know 700BCF of Natural Gas we’re estimated to be in place on the license.
https://www.canoils.com/Universal/View.aspx?type=Story&id=19800
So far I haven’t found any info on the development of the Gas field.
I wonder if it will be included in the upcoming CPR.
Off up the slopes.
Gla
Wacky.
AndroclesB,
Good morning.
Badhof Gastien
Atb
Wacky.
Hi Graham,
I’m very well thank you,
currently parting with my hard earned cash to keep the Austrian ski industry and the wife in the lifestyle she has become accustomed to.
I should have listened to my Mother !!
Speaking of which, She was always good at spotting a bargain.
Not like the Market hoping to jump in at the last moment on PRD, but sorry chaps, it will be too late by then.
I keep saying “ Look what you could’ve won”
Atb.
Wacky.
Hi all,
Another fantastic piece of the jigsaw.
Cory Moruga,
Hopefully folk realise the important importance.
New CPR to include Morocco.
(Before MOU2 completed ????)
End result.
Reserve Based Lending.
End Result.
All projects unlocked financially.
End Result.
Everyone’s aspirations become reality, including my own.
AIMHO of Course.
Gla.
Wacky.