-the share price began to nosedive circa 24jul
-last week we had our first [maybe 2nd] blue week
-its not clear to me whether we're going to drill or test first, though logic has been shouting 'drill' at me since m4 jc and the pain of bringing in a crew from outside the country
i noted 19sep rns, they chose to go with - 'Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company ("Predator" or "the Company") focussed on near-term, high impact drilling for gas in Morocco is pleased to announce its unaudited interim results...'
[not 'near-term (rigless) testing for gas...'] |
Paul will update when all the studies are done and he has the new data. Testing will start when everything is on site (including personnel). Obviously there will be some delay due to changes in shipping and cargo and transport following the quake. |
Communication is awful..Plenty before the raise. If there is a delay, Rns and let the market and shareholders know, but do not go quiet and not meet the dates specified. Confidence slips as expected. |
You expected them to predict and forward adjust for the earthquake? |
And this is the problem, they always make the mistake of setting dates and not once have they adhered to them. Really is a pet hate of mine. |
thanks keith.
'Geochemical source rock quality and maturation studies, including evidence for migrated gas, for the Jurassic section penetrated in the MOU-4 well are expected to be completed in September.'
next news? |
Oil & gas are formed when the organic content of rock is heated under pressure within the earth. You all knew that already. Very roughly, oil can be formed between 60°C - 100°C, and gas between 100°C - 200°C. Most of you knew that. Temperature increases the deeper you go, but this geothermal gradient is not uniform everywhere. The steeper the geothermal gradient, the shallower any oil or gas is likely to have formed, and so any potential reservoirs are likely to be closer to the surface, and thus cheaper to drill.
On Twitter, soon to be ex-X, I have posted a geothermal gradient map of Morocco. There are prizes for spotting where PRD are operating - but you have to be a shareholder to claim them.
Source:
A. E. Barkaoui, Y. Zarhloule, A. Rimi, M. Verdoya & S. Bouri
Environmental Earth Sciences volume 71, pages1767–1780 (2014) |
PRD
Is not performing for
It’s Shareholders |
This stock is just
Not performing now! |
You chart gazers like back testing your lines anyhow don’t you? |
One step forwards
and two backwards!! |
Very large volumes of gas with zero geological risk (cpr) and Qataris about and our ceo in unusual silence is why I sit here loaded up. Does it get better? |
That was a good lose yesterday and hopefully we push higher today |
➡️
145;️➡️ 👓 ⬅️ 013;️⬅️ |
The force is strong here.
The thin end of the wedge is showing signs of decay:
free stock charts from uk.advfn.com
The share price has managed to move higher and broken out of the wedge (on the fourth attempt).
Today saw a rise to test the medium term moving average, and a quick fallback.
The short term moving average might be on the cusp of a move upwards.
A change is happening, ever so slowly.
Be careful. |
I think GRH is getting excited for a reason. Good news close now 🎉🎉🎉 |
late reporting of trades shouldn't be allowed |
The placing should be
Well left behind now !!
It’s Delays that are
making this a misery to
Hold , on past record it
Looks like old habits are
showing their face again! |
Markets need more than
Hot Air here.. |
Hit the resistance line
With as much punch as a
wet rice pudding !!
😉 |
Decent buying today. |
Wonder if the CEO
Can explain why the SP
Has dropped nearly 50%
And a placing that is talking
Months to clear apparently lol |
Looks like it’s breaking
South , hit the resistance
Level not enough in the tank
to take this higher and a
CEO who talks it up then we
get delays doesn’t help |
Looks like breaking north. If you are not a chartist don't worry about it. Thanks for the chart Helpful. |
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