Member Info for ToxicBull

Thebold

NuTech are independant and highly regarded in industry.

Mou 3 gas in the upper zone is alot pressurised. Geology is complex in morocco but SOU managed to flow gas. Nutech has stated the wells will flow. Keep faith..

Bold

If the 6tcf is not there the gas there is still viable for cng project.

Mou 4 confirmed there is a excellent seal and gas is present in the jurassic the question is how much?

Day 9, the longer it takes the more positive i get, if nothing is there they would have drilled through it alot quicker.

Bold

1p is cash in the bank. The ceo has stated they will immediately flow test mou 3 and get that done for cng projector, they have local backer.

There is 50% chance if cng project for 6tcf its 12%, for 1tcf it maybe 35%. Who knows..

Many companies are delisting from uk mkts are nano thinking about this? They have ample of cash and do they really need to be listed?

Longer it takes the more exciting it gets.

Joking aside whats the deal here?

Is there a large seller? Are they planning on going private why the decline?

So they are likely in the jurassic zone, thursday the earliest for me that we will get news.

Worse case CNG project.

Dai2belts

Yes the company confident there is at least a cng asset here. Lets see how it pans out, risk reward is excellent at these prices.

The bold

You asked me to prove they would have 5m after the drill and you didnt respond yesterday. Hehehe

"No further announcements will be made until wireline logging has been successfully completed and the results have been fully interpreted following an independent petrophysical analysis."

Im saying it will take 8 days to drill and then wirelogging 2 days, company said 12 days to drill and then give 2 days for wirelogging.

So do the maths.

Im happy, downside is limited as they will commence mou 3 testing for cng project. They have cash to take the mou 3 forward.

World Class prospect which is almost close to TD, rare onshore prospect which drilling only costing $2.4m-$2.8m.

Company targeting between 80m-100m of gas reservoir.

Lets stick to the facts, worse case its a project like mou 3 which is certainly worth more than current mkt cap.

The seismic indicate there is potential 80m-100m reservoir of gas in mou 5.

Lets see what the rns says, i would be happy with 50m.

Flood in the desert, behave..

Dont worry by april the drill would be completed if they find gas they will renew.

Rather funny when people come on to change subject and divert negative.

The fact is MOU 5 is WORLD CLASS prospect, 6tcf potential which is shallow and cheap to drill.. interesting next 7 days.

I think worse case from this well its an cng project but bigger than mou 3.

But we can all dream about the larger prize, multi tcf.....

Ibiza

How long did mou 3 take, mou 4 take?

Imho prd will find commercial quantities of gas, its 50% cos.

Now the multi tcf potential cos goes lower.

Im confident, lets see what those 4 zones of interest have.

I agree, mou 3 shallow was over pressurised and the ceo did state they managed to control it. Get the cng production going in mou 3 and also get oil production in trinidad.

They have the funds, it will be excellent addition mou 5.