That is *your* conclusion. Whats certainly true is that PIs selling out now have no shares, so cant profit from any rise in SP when it comes. Whether that makes the F'ing retar*ds is really a question for the person in question to ask themself.
Paul is just getting on with drilling and testing.
Make of it what you will. The info is all there to read/research.
Im just going to put this here again as it seems (?!) that some people may not have read it...
TGB-2 target successfully reached according to pre-drill prognosis.
Higher log resistivity and dry gas readings in TGB-2 unit over a gross interval of 75 metres despite significant increase in mud weight required whilst drilling.
Perforating and testing warranted to evaluate commercial flow potential.
Further evaluate potential pay thicknesses and quality for input into MOU-4 Target upside prospective resources estimates.
MOU-1 to MOU-4 Target Seismic modelling: MOU-1 validated the pre-drill seismic "bright spot" anomaly.
MOU-1 will help calibrate MOU-4 Target seismic "bright spots" to adjust a final well location to appraise the MOU-1 drilling results.
Preliminary seismic re-correlation of the TGB-2 objective to the MOU-4 Target confirms that MOU-1 successfully proved up and substantially de-risked the MOU-4 Target.
MOU-4 Target: Updated CPR incorporating MOU-1 results
MOU-1 preliminary results have enhanced the P10 Case for MOU-4 Target prospective gas resources by identifying a potential structural/stratigraphic closure of up to 60 kms².
Updated CPR to reflect new positive information on potential area of trap.
Compressed Natural Gas Study: Presence of dry gas in MOU-1 reduces development costs for CNG.
Facilitates commercial discussions with off-takers of gas in Morocco in relation to first right of refusal for potential future MOU-1 has confirmed the basis for a proposed step-out well for the MOU-4 Target - the location for which is not covered by the current EIA.
a) a well-document and well known gas and oil bearing structure, producing thermogenic dry gas from a source, migrating up and outwards, the limit of which we are measuring/may have measured, with step-out wells to finalise and confirm the extent of the play.
b) upcoming perforating and testing of a cased well which we have been TOLD has high resistivity and high mud weight. You dont test a duster - wtf are people talking about this being a duster for?
c) Sands that are right for thermogenic gas migration
d) Double confirmation of a kitchen - not just from this data (which will be updated soon) but also from previous seismic datasets, and now drill data!
5) A company with no debt with a STONKING acreage
6) Lonny B, who has come on Board FOR. A. REASON. PEOPLE. !!
7) Trin increasing pressures again, and (I think) the company being pretty open about the interest and buzz that CO2 injection has brought to them.... cash flow and maybe even a sale of assets late this (?) or early-mid (?) next year.
8) Repeat - a stonking acreage with a fairly clear update about whats found.
For 4.7 pence...
No. debt. 75% ownership. And the above for Four. Point. Seven....... PENCE.
Fill your boots I say. Because there wont be stairs going up, it will be a rocket straight up.
Let the derampers try their b
Well for what its worth, my official position is that they have hit the missed pay updip from GRF1 in 72, as alluded to by some fairly understated 'confirmation of bright spot' talk. This is possibly commercial and the impending rigless testing will prove it up, with an updated CPR on advance. MOU4 will be a further derisk and lend itself to the ultimate triangulation of the main yet-to-be-drilled Kitchen well, which Paul has given hints to and this may be the 'other well' they have mentioned funding for, albeit in a very minimal way at present.
All a bit hush hush. Conoco are waiting in the wings to take us out. And will do down the line.
My opinion Noc is that this wont climb in anticiaption hardly at all, simply due to the loss of trust as a result of recent comms. I think however, that the SP will fly off the handle with solid unequivocal black and white news that supports the market cap. Now, that could be Trin or that could be news of signed and sealed deals. But the recent communications and Rons sales fiasco I think has in all probability killed the speculative and usual pre-spud climb prospect. What that really means is that lots of folk will be caught out when news lands and the SP performs and vertical lift. Hence why I am not selling a single share. If it drifts lower, which it might, then Id be interested to pick up a bunch more which I have no shame in stating I might flip at 100% or so as I have my eye on another venture and I am already well loaded here!
I think its a very strong 4 - 12 month play. For the record.
I think the only thing that can help is a worked example.
Timmy buys a toy tractor for 5 pence. 6 months later people at school are offering him 20 pence for the tractor. Timmy is happy because he has made 15p on his original buyin price, or another way to say this is that Timmy has a 300% gain, or 4 times his original money.
But the next week lots of other children bring toy tractors to school and now people are only offering Timmy 5p for his tractor again. Timmy has lost his 300% gain, and now his 20 pence has become 5 pence again, down 75% from what he could have got. Timmy is impatient and sells his tractor to Tony for 5 pence, a profit of zero pence. Tony is smarter than Timmy, because he knows that in 2 months there will be lots more children joining the school, and that his 5 pence tractor will be worth 50 pence in all probability, a risk-reward calculation that Tony is good at weighing up. In 2 months Tony's tractor sells for 65 pence, more than Tony expected, because there was a general shortage of toy tractors across the world, but Tony had weighed this up too, so wasnt totally surprised by his increased gains.
How much profit did Tony make in pence, and what percentage gain was that for Tony from his original buyin price of 5 pence?
...Johnny12, have a crack?
Jonny you cant be down more than 100%. Being 100% down means £0 left, even if you were £10,000,000 up.
22p to 4.8p is 78.2% down.
Its worrying that people putting their money into things cannot do even simple maths :/
Nige, when someone with only 5% of their portfolio here and 95% elsewhere then spends 95% of their time here and the other 5% at Share Basher HQ getting seminars on how to be a troll, the dots dont add up. You are a classic troll. And you should take your £14.50 investement out of your other 'safe' shares because no shares are 'safe'. There are degrees of risk, no safe havens. But after that, please do stick around as you are entertaining if nothing else. I kinda like you. Its going to be a difficult choice who to feed first
The hydrocarbon migration history needs to be studied and compared with the timing of tectonic events.
The main isopach thicks are in the area around wells GRF-1, MSD-1 and north of KDH-1which are west of Guercif town (see Figure 3for locations). Here the Neogene-Quaternary reaches 1,900msecs TWT which equates to around 2,000m. This is confirmed by the GRF-1 well where the base Neogene was encountered at 1,932m. We believe the likely maximum thickness of the Neogene-Quaternary sequence in the Guercif basin is in the range 2,000 to 2,400 metres and that reservoirs in the interval 1,400m to 2,400m would be attractive targets for biogenic gas.
Volumetrically the Neogene sediments in the Guercif basin are adequate to source large volumes of biogenic gas. While the Rharb basin on the Atlantic coast is somewhat larger, the volume of Neogene sediments in the Guercif basin is not too dissimilar. The success ofthe biogenic gas play in Rharb suggests that a similar play in Guercif basin is realistic. There is also the possibility of some thermogenic gas sourcing from the underlying Jurassic sequence. Geochemical analyses indicate thermogenic gas reaching the surface in areas of thick Neogene sediments suggesting that salt diapirism and recent Rif tectonics have resulted in some seepage to the surface. This confirms an active hydrocarbon generating system in the area.
TheGRF-1wellhas a possible 39 metres of missed pay in Kimmeridgian limestones from1,850m to 1,960m; close to TD of the well. The well MSD-1may also have missed pay in a series of Oxfordian sands between 1,512m and 1,637m
Guercif can be compared geologically with the Rharb basin and its recent series of commercial biogenic gas discoveries.
The Guercif basin biogenic gas play is analogous to the Rharb basin
Re-entry of existing wells to test by-passed pay that may contain gas and the drilling of Neogene sand prospects is a feasible strategy
Based on currently available data (both published and from TransAtlantic) only two wells penetrated the deep Guercif Neogene graben sequence and encountered good Miocene sands. [sic one of these well was] GRF-1
[sic proposal for] an updip appraisal of the untested hydrocarbons in GRF-1”where some 39m of net gas pay are identified on logs. The seismic line through this well shows a number of strong amplitude events that may be gas sand.
We consider that there are proven good reservoirs in the Neogene and that apparent biogenic gas DHIs can been seen on reprocessed seismic in the deep Guercif graben area.
Nigel, lots of people much smarter than you have done the hard work in the past and currently, complied data and drilled wells and are now analysing that data. If they wish to test the well then there will be a good reason for it; they have seen something in that data to support and build on historical evaulations and current ground work. The play is potentially huge. You sound as bitter as Excelcior. You could just go do one, but then there would be no clown for us to smile at while we pass the time waiting for the inevitable CPR update and further news on Ireland and Trinidad. Enjoy your time in the limelight now while you feel special, but you will melt away like an ice tu*rd when the sun shines.
Anyway, some interesting bits and bobs from Pathfinders SLR CPR. Read together with the data PRD have released it does make you wonder what they have seen or now know
Oil drilling commenced in 1972 when Elf drilled GRF-1 followed by Phillips who drilled TAF-1X in 1979.
A re-examination of the wireline logs by TransAtlantic in wells with Miocene and Upper Jurassic sands suggested that several gas sands may have been missed in these wells
Pge 10 – 11
TransAtlantic flew an aero gravity and magnetics survey (10,000 km) over the area in 2006and carried out geochemical sampling coincident with surface and subsurface structures. Two micro-seepage surveys were carried out by Geo-Microbial Technologies in 2006 and2007. A total of 32 traverses were carried out over a 2500km2area and 731 soil samples were analysed in 2006 and 2007
The results of the 2006-07 surveys(Geo-Microbial Technologies Inc, March/April 2007)identify several hydrocarbon types in the Guercif basin: thermogenic dry gas and some condensate around the GRF-1 well; oil and gas/condensate around the MSD-1 well, over the Jezira anticline and in southwest; and oil in all other anomalies. Particularly interesting is the abundant seepage in a large area around theTAF-1X well which appears to be oil rather than gas. The anomalies cover a larger area and have higher oil concentrations than the anomalies elsewhere. These surveys confirm there is an active hydrocarbon source system in the basin
… In addition, it believed that two of the four wells drilled appeared to have missed pay opportunities
Detailed mapping in the south and southwest parts of the Guercif basin(R. Gelati, 2000) has yielded important information of the sedimentology of the sequence. In particular the work has demonstrated the widespread occurrence of marine turbiditic sands in the upper half of the Tortonian sequence (see Figure 6). These sands should form the main target for the Neogene biogenic gas play
Page 14 & 15
…In summary, the Guercif basin contains deeply buried rich source rocks similar to those seen in the Middle Atlas Mountains that have been buried deeper than in the mountain area. This deeper burial may provide a better opportunity for hydrocarbon maturation and entrapment.
Interesting bits so far from the CPR
TransAtlantic flew an aero gravity and magnetics survey (10,000 km) over the area in 2006and carried out geochemical sampling coincident with surface and subsurface structures. Two micro-seepage surveys were carried out by Geo-Microbial Technologies in 2006 and2007. A total of32 traverses were carried out over a 2500km2area and 731 soil samples were analysed in 2006 and2007
The results of the 2006-07 surveys(Geo-Microbial Technologies Inc, March/April 2007)identify several hydrocarbon types in the Guercif basin: thermogenic dry gas and some condensate around the GRF-1 well; oil and gas/condensate around the MSD-1 well, over the Jezira anticline and in southwest; and oil in all other anomalies. Particularly interesting is the abundant seepage in a large area around theTAF-1X well which appears to be oil rather than gas. The anomalies cover a larger area and have higher oil concentrations than the anomalies elsewhere. These surveys confirm there is an active hydrocarbon source system in the basin.
Results: TransAtlantic’s regional analysis yielded a number of large untested surface anticlines (up to25 km in length) with associated surface geochemical anomalies. Its work confirmed the presence of source and reservoir rocks, seals and traps. TransAtlantic attempted to analyse the timing of oil maturation versus migration and trapping. In addition, it believed that two of the four wells drilled appeared to have missed pay opportunities.
Volumetrically the Neogene sediments in the Guercif basin are adequate to source large volumes of biogenic gas. While the Rharb basin on the Atlantic coast is somewhat larger,the volume of Neogene sediments in the Guercif basin is not too dissimilar. The success of the biogenic gas play in Rharb suggests that a similar play in Guercif basin is realistic. There is also the possibility of some thermogenic gas sourcing from the underlying Jurassic sequence. Geochemical analyses indicate thermogenic gas reaching the surface in areas of thick Neogene sediments suggesting that salt diapirism and recent Rif tectonics have resulted in some seepage to the surface. This confirms an active hydrocarbon generating system in the area.
The market cap is circa 12m.
Predator has a number of well-advanced projects, some of which are potentially already in the sights of much larger fish, and in all probability will be sold on, either one or all.
12m market cap. That is a crazy low price given what is cooking. Even a blind basher badger can see that.
Could it go lower... could do, maybe will (although cant get 300% lower lol). But in all probability the market is just waiting for numbers in black and white, or a statement that is unequivocal in delivering good news that cant be misconstrued. This will then shift north sharpish.
Personally dont think its going to move much until an unequivocal rns delivering the above. A Mexican standoff is playing out in slow motion between the deramping-paid-basher-twerp-crew, and the over-optimistic-but-at-least-support-their-view-rose-specs-crew.
Im bullish for the SP in 4-6 months. Right now its just boring stalemate.
Its still a HOLD, and if you dont have any shares its a BUY but dont sh*it-bricks if it moves a 5 or 10% either way. Just stay calm and have a tequila. See who fires the best shots.
I still think I will cream this by next July. I can wait. Waiting is easy. Just dont press sell because paid bashers and taking up all the air in the room.
As ever, understated rns. But reading between the lines, as if thats even needed, the heat is being turned up on all three projects. And at 5p a share currently this simply screams 'buy'. How could it not?!
Very strong, if understated rns.
Came across this today... make your own minds up
Nigel, every man and his dog knows full well you dont hold any stock here. Zero shares. Nil Sharies. Nadda shareos. Zilch. No matter what you say its plain as day you are here just to cause agro.
Why dont you just buy some tomorrow and give yourself a break.
Nigel, I find your posts quite amusing. I actually enjoy reading them as I can see how much effort you put in to writing them and trying to find any slant that can be bent in to a negative. So I do applaud you. But your efforts are clearly just duff and anyone with any understanding can see through them. Most of what you say is easily refuted. But I will just enjoy continuing to read them.
Look, do us all a favour and just buy back in already. You know which way PRD is going ultimately, its just a matter or time. Id rather you come clean, buy back and use your efforts to support the likely case of success across these projects and we can enjoy the ride, as bumpy as it is, has been and probably will be. But the way is up Nigel, and Im sure you will become more desperate in your posting (and your crew) as the updates come in and SP rises.
Anyway, enough mirth for me for one evening. Looking forward to next April/May when PRD will be far far north of where it is today. Expecting divestment from one project by then or by July 2022 at latest.
You post a lot. Are you invested here? I cant work out why you post so much and so negatively unless you either want to the share to bottom out, or you just want to attack the company or its investors for no apparent reason?
Not even in an emotional way one way or the other, but why are you here posting this same negative stuff all the time? Not that I agree with GRHs diametrically opposed views either, really. But at least he supports his views.
Are you invested?
What is your relevant market experience such that you hold forth with such certainty on all the PRD-related?