Member Info for Zebra04

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This is a pretty crap share to trade. Spread is wide, it spends longs periods doing nothing.

33 posts in 30 days all on prd.

Everyday logging in just to talk down a company you don't believe in. No hobbies?

Of course PE is an option.

At some point we will need more funds and a partner.

The impression I got, Paul accepts it's not worth raising from the market again. Instead, once testing is completed it's time to look for a partner with deep pockets. Various ways that deal can be set up. As a long term holder I would be glad to see the end of bucket shop raises that kill any sp momentum.

Pe can take on the costs of cng development for mou 1,3 and 4. We all know how slow things are, instead of waiting for cash flows from cng an upfront payment for a slice of equity is not a bad shout. That would certainly give the sp a new foundation. Allows Paul to drill and prove up further wells and realise more value.

Why PE instead of an mid/large cap oiler? I don't know but the more options the better.

It's all just speculation thus far but 7tcf he certainly did say.

From the presentation it says it was submitted on 23/01/24. I don't know why they didn't submit this a lot earlier as a contingency. The rns states mobilisation of sandjet is dependent on Amendment 4.

Has this now been granted?

The diagram in the presentation shows the new date for sandjet falling early Q2. Did Paul comment on this?

6th year of holding for me.

"Confirmation of formation damage increases value of nutech data"

What would you do with the 20mil?

Still embarrassing yourself.

Bobs turnips have more integrity than you.

For anyone worried about sandjet.

Look up sandjet on gas targets with similar rock formations. Using oil targets and different rock types isn't a great idea.

Credit to Grh for still pointing folks in the right direction amongst the noise.

Mem

"How many times have PRD raised money to test ??

How long since MOU - 1 drilled ??"

I was raising all these issues whilst you were claiming family office's and institutions were buying up and we have multi TCFs. You seem to have poor memory.

Stop embarrassing yourself.

I noticed you can't read.

Mem it's funny how you change from tcf ramps, sandjet will work, smart buyers/institutions accumulating etc etc to sand jet could fail and we run out of funds.

You continued to ramp after the last rns without contributing any actual research to backup. To give yourself enough time to exit before flipping the tone of your posts 180 degrees.

Care to share the new enlighting research you came across in the past few days that changed your views?

All the longterm posters here know your routine and have called you out before.

Yes I've considered all risks and done my research before Phase 1 results.

Since phase 1 results I've done a lot more research that makes me confident sandjet will work in our wells.

If it doesn't mou5 can be delayed and a side track well drilled instead. If I thought that was more likely I would sell and wait till an update from the company.

5085

What's the formation thickness?

estimated volume?

We could have 4.5% helium and 3 x 1m thick formations.

Or we could have 4.5% helium and 3 x 10m thick formations.

The company obviously knows this information and its importance, yet hasn't released it to the market.

Instead just focuses attention on concentration. When there's more prices to the puzzle and value.

Gudin your posts are full of dread.

What are you doing here?

Sell and move on, or enter after the placing you're worried about.

I'm all for balance but find it hard to believe someone can be long on a stock, yet hold such bearish sentiment.

Mem on to his classic, not so subtle 180.

Agree with Graham.

ONHYM "assisted".

Someone else with seniority is involved.

Keiths find points towards the same.

The last delay was due to an administrative delay.

"On 8 November 2023 PGVL was informed by ONHYM of an unforeseen administrative regulatory issue as a consequence of which the Joint Ministerial Order approving the Guercif Petroleum Agreement Amendment No.3 had yet to be issued.

As a result PGVL had to stand down at short notice mobilisation of its rigless testing well services and international personnel to await resolution of the issue by third parties.

The matter was resolved and the Joint Ministerial Order is expected to be issued shortly.

We very much appreciate ONHYM's assistance in resolving this matter."

We have an mou with the PMs company.

Other exlorers in morroco have had no issues with onhym.

I highly doubt we have any problems.

Of course we won't know for sure until it is issued.

If it wasn't, the above delays would give prd a strong case in the courts. Not a good look for morroco being open to foreign investment. So I don't see it as plausible. There's no precedent.

Thanks Keith

Back with a bang.

Zohr is another Mediterranean biogenic gas field with 30TCF gas in place.

And from the ITR. (should've looked there first)

"The recent drilling campaigns undertaken by PRD (MOU-1, MOU-3 & MOU-4) are interpreted to indicate two possible scenarios are active in the Guercif with a widespread deep thermogenic petroleum system relating to Early Jurassic shales positioned beneath a younger less established biogenic gas system developed in the Tortonian shales with both indicated in Figure 5 RHS."

'Source rocks of the Miocene are not expected to be mature for generating thermogenic oil and gas in Guercif, however biogenic systems driven by methanogenic bacterial activity can operate up to 75°C (Clayton 1992) which is almost perfectly matched with the Miocene down hole temperature profiles encountered in MOU-1 and MOU-3. Rapid burial rates in the order of many hundreds of metres per million years during the Tortonian are also seen as being advantageous to the development of biogenic sourcing, enabling sediments to attain burial beneath aerobic and sulfate reducing zones with a greater proportion of organic matter preserved and available for methanogens to use as a nutrient supply"

Diagram on page 17 is helpful.

The Levantine geological basin was formed in several main tectonic stages, and early Mesozoic rifting led to the shaping of a large graben and horst system, stretching across the onshore and offshore Levant Basin. The basin is infilled by post-rift tertiary sedimentation.

Reservoirs within the basin mainly contain Mesozoic and Paleogene sandstones, near-shore marine and submarine sandstones and Jurassic and Cretaceous shelf-margin carbonates.

The Oligo-Miocene reservoir rocks at the Leviathan field are deepwater slope and fan sandstones sealed by sedimentary rocks of the mid to late Miocene age and Messinian age salt. Natural gas at the Leviathan field was found in several sub-salt Miocene intervals.

As per the US Geological Survey’s estimates, the entire Leviathan Basin holds a mean approximation of 1.7 billion barrels of recoverable oil and a mean of 122tcf of recoverable gas.

The Leviathan gas field is estimated to hold proven and probable gas reserves of 16.27tcf and condensate reserves of 35.8 million barrels.

Source https://www.offshore-technology.com/projects/leviathan-gas-field-levantine-israel/?cf-view

Leviathan

"if the gas is thermogenic, then the chance of deeper thermogenic oil potential could be reduced or even excluded, while biogenic gas would leave an opportunity open for deeper thermogenic systems which could include oil. Publicly available knowledge is developing quickly and it is now accepted that the gas that has been discovered so far in fields such as Tamar and Leviathan is of biogenic origin. As a result, exploration for deeper thermogenic systems is now under way."

The Messinian Salinity Crisis resulted in:

1. Pressure drop at surface, propagated deep into the subsurface

2. Temperature increase at surface, propagated into the subsurface (attenuation with depth)

3. Rapid salt deposition

Likely impact on the petroleum systems:

1.Shallow biogenic system (first 1000m)

2. more fluids in reduced pore space

3. Fracturing and gas leakage

4. Deeper biogenic system conserved (Tamar, Leviathan, Aphrodite)

5. Speculative deep petroleum systems are more likely to be preserved

Source: Assessment of Controlling Factors in Mixed Biogenic and Thermogenic Petroleum Systems – A Case Study from the Levantine Basin. Bjorn Wygrala et al