Snorkel sales about to rocket !! |
But Morocco testing not started yet? Some won't like that, but the reason is intriguing. People need to think about who the other party they negotiating with are? |
Fantastic news ;Field Development Plan ("FDP")"PRD has outlined an amended FDP to the MEEI which includes up to 20 development wells to be drilled over 3 years from completion of the Initial Work Programme.A long-term production potential for the fully developed Cory Moruga field of 5,000 to 9,000 bopd (100% equity - PRD net 83.8%) was presented to the MEEI.PRD also presented to the MEEI a possible longer-term miscible CO2 EOR scheme which could be implemented at the appropriate time in the FDP after a period of primary oil recovery.PRD at its discretion can advance the timing of implementation and execution of any or all of the elements of its proposed amended FDP if warranted and subject to MEEI consent and regulatory approvals." |
About 2 hours Dave444... lol! |
Any idea how long before news? |
Any idea how long before news? |
Certainly being kept in check! |
Looks promising, hopefully we head back to 20p+ soon |
She finally looks ready to move north |
The force is strong here.
There is a disturbance in the force:
free stock charts from uk.advfn.com
The share price has just edged above the 45 day moving average. It last did that in June 2023, before the move up to the 20p+ mark.
Volatility is making a significant move upward. The last such significant move was also June 2023.
Volume has edged up in the last few days but not to any significant extent.
What about those tight Bollies, how goes the squeeze?:
free stock charts from uk.advfn.com
The share price remains inside the bands. Three or four days of upward movement is needed to confirm a breakout. Ditto, for a downward breakout.
There is a slight upward movement in Bollinger Band Width from the lows:
free stock charts from uk.advfn.com
Watch the guidelines for a signal.
Flow rate results are on the horizon.
Which way will the share price go?
Do y'all feel lucky punks?
I am a conservative £42 person.
Be careful. |
Brilliant Kq1. You deserve more than a coffee for your determination and effort and your generous sharing of information. Much appreciated buddy. |
PROtaaaaaaard ramping this again. Lowest level soon? :D |
 CORRECTION.
The numbers derived from the data I presented earlier looked crazy, so I've double-checked the source for volume of methane per km³. It's clearly wrong, where it says BCM it should be BCF, so is out by a factor of 35. My profuse apologies for causing any over-excitement.
To cross-check, I've done things by a different route - so here's a detailed calculation for cfg per km³ of source rock, where I have taken detailed basic numbers from a reputable source, the British Geological Survey -
hxxps://nora.nerc.ac.uk/id/eprint/509720/1/OR14056.pdf Section 3.1, p.10.
* Methane content mg per g of source rock: Fair - 3 to 5 mg/g, Good - 5 to 10 mg/g . Let's take 5mg/g. (conservative!)
* Rock density, assume 2.5 = 2.5 million g per m³
* 2.5M x 0.005 = 12.5g methane per m³
* Methane density = 0.657kg/m³
* 12.5 / 657 =0.19 m³ methane per m³ source rock
= 190mm m³ methane per km³ source rock
* 35.3 ft³ per m³ = 6.7 BCF per km³
Using the relatively conservative numbers provided previously for the Guercif graben, that comes to about 25 TCF, which looks a lot more sensible. NB - this is a conservative estimate for gas produced from the source rock, which is different to the GIIP.
Apologies again, think I need an early evening coffee. |
Looks like MOU 3 testing might be good and we might be getting news soon.... |
Relatively high turnover indicates the likelihood of news! |
The last 250k trade reported is a buy. Surely we will have an rns next week |
I didn't see you there dave! Hope you aee doing well. |
I don't think there is anything about you that is humble! |
Monday will be FOMO buying and then the RNS will land on Tuesday. IMHO. |
Could be a good Monday! |
Nice run up to close coming |
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