Boredom LOL
To be honest havent got a great deal to say in this never ending Bear market.
PRD seems to be about the only potential bright spark out there everything else is a CF.
This is no doubt probably the worst market for small caps ive ever seen. |
The force is strong here.
kq1,
"a discovery bonus of $1,000,000"
Have you got that the wrong way around?
I would have thought the discover would get the "bonus".
Be careful. |
What happened to you Henry? I remember, many years ago, reading your posts with interest. You seemed to know what you were talking about ( your posts on gkp seemed pretty accurate). But now, all you ever do is chat nonsense about the volume of shares traded and what it might or might not mean. What happened? |
 More questions on timing of test results on Telegram. My response, fwiw:
One thing you have to remember - upon a declaration of discovery, a $1M bonus has to be paid to Morocco within 30 days. I can't recall if that amount is held in escrow, but it will have to be handed over. You wouldn't want to make such a declaration until you had someone lined up to buy your gas, who was also prepared to pay at least $1M upfront. For that reason, I expect no announcement will be made until both sets of tests are complete - 2 wells minimum will be needed to ensure continuity of supply. I have said previously that a minimum would be 7 days testing for each well, plus 3 days to agree wording with ONHYM. That would give us the end of this week at the earliest. The recent Prospectus suggested 3 weeks for each well test using Sandjet - but PRD is testing a smaller number of horizons with faster conventional perforation equipment. If the tests took 2 weeks each, that would take us to around Thursday 16th November. All this assumes we started on 16th October as planned. If only one well is announced at a time, or results come earlier, I will be very happy to be wrong. |
I think the only real downside risk here Dave444 is if they FU the perforating.
Volume would indicate the Market is simply gonna wait for news,
Price has been going sideways for 3 months therefore any positive news could see a significant spike.
Which of cause will be sold into. |
The force is strong here.
Those Bollies are so tight I can't even squeeze out a chart.
News is certainly on the way, but we all know that.
When peeps open the "flow tests" RNS, what is to be expected?
What is a good flow rate (from Mou-3) and what is bad (share price wise)?
Reading the posts and expectations of those who know what they are talking about (I am definitely not one of those) a flow rate of 1 mmcfg/d for every metre tested should be expected.
That is 43 mmcfg/d for the 43 metres to be tested in Mou-3.
After all it has "changed everything for Predator and Morocco and Europe".
43 mmcfg/d and above good.
Anything less, bad.
Anyone remember the days when 1 mmcfg/d was deemed commercial?
Those Bollies must be having an effect.
Be careful. |
It is looking good for a run up in anticipation of great news |
It is looking good for a run up in anticipation of great news |
What is the revenue expected in a successful situation? |
The force is strong here.
Those Bollies have got even tighter this week:
free stock charts from uk.advfn.com
The moment of truth is fast approaching.
There are some people expecting £42 ("I'm not greedy, I would settle for 10% of that").
But the share price has settled at 10p-11p after the 11p (ELEVEN!) cash raise.
And after 3 drills this year and 4 cash raises. And about 180 million new shares.
So which way will it go?
Up, or down?
The only certainty is that there is a dramatic change in the share price on the way.
Time to hunker down.
And sit and watch from the sidelines.
Be careful. |
'black stuff at mou1' - a pit with liner for sandjet waste? |
Just working off what was said on 5th OctA follow-up Sandjet testing programme will take place later to test other reservoir intervals that are likely to respond better to the Sandjet perforating technique compared to conventional perforating guns.So that might now be happening at mou1 or 3.The 5th Oct update also said MOU3 had been promoted to being first in the testing program. Not clear if we will get results after each well or after the program is complete. Could be a few more weeks before we know, which will frustrate the zoo on lse. |
They are, but maybe there is stuff going on with mou1 too. For example the sand jet kit may have turned up... |
I thought they were testing MOU3 first? |
What’s all the black stuff at MOU1? (Adon30, LSE, 13.06) |
after the 200k buy at 11.5, it was mostly sells
i don't know if the 200k and 300k since, are sells, or if the price was run up to attract sellers to fill them buy orders
T+9 to T+11? |
Gross 4 mm cfg/day generates PRD net US$7.8 million pa after tax.
Gross 34 mm cfg/day generates PRD net US$66.1 million pa after tax.
Extrapolating those from the presentation
Gross 50mm cfg/day (thought CNG market size) would generate PRD net US$97m pa after tax just from CNG.
Thought P50 910BCF in last presentation before drilling MOU 3 and 4 which were actually bigger. That would be 50 years of gas at 50mm cfg/day. Not happening over 50 years so would expect gas to power to kick off with the CNG and possibly sales to Europe as well. Squeeze that into a 15 year cycle so producing 166mmcft/day (50mm cng +extra 116 mm).
The extra 116 mm cft/day to Europe would reach a turnover of 607m Euro per year (49 Euro /MWhr) onto the above CNG numbers for example .
But think there is much more than 910 bcf there. We'll know more from the CPR in November. How many really cheap producer wells will be needed?
Corporate event coming and many will be interested owing to fiscal backdrop.
Then there is the huge Jurassic and rest of the license. Will the Jurassic flow who knows but Paul G will have a better idea after the outcrop field study.
562m shares in issue plus some options.
Just need to know it is not all clogged up everywhere. Not what the CPR says. |
the bid is near 11.3?
can vol get to 5-8m? |
Looking positive..... Is she flowing.... Guess yes |
Party time! Big Gas coming |
trades 25 26 27
highly likely just 1 trade
the other 2 recorded as pos and neg to cancel each other out
unfortunately they all get added to cumulative sell total |
Nice to see MARX move off the offer, at last, and on to the bid...
Looking good for a move up!!!
gla |
The force is strong here.
The Bollies are getting tight again:
free stock charts from uk.advfn.com
Almost as tight as June 2023 when a 3 fold increase in the share price resulted following.
There is a big change approaching, up or down.
free stock charts from uk.advfn.com
The share price and the short and medium term moving averages are sitting on top of one another. It would not take much for them to be aligned and move in an upward direction. The long term moving average is continuing to move steadily upwards.
The MACD and Exponential moving average are aligning for a move upwards.
Has all the manipulation come to an end?
Be careful. |
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