Before 25/1/24 Guercif testing start!GUERCIF TESTING PROGRAMME ONSHORE MOROCCOAn updated Independent Technical Report ("ITR"), incorporating the 2023 MOU-3 and MOU-4 well results is currently being prepared by Scorpion Geoscience Ltd. for the Guercif block and resource potential of the prospective area tested by MOU-1, MOU-2, MOU-3 and MOU-4. The Company will use it best endeavours to publish the ITR before the Phase 1 rigless testing commences.Phase 1Phase 1 is planned to commence before 25 January 2024 and is expected to take up to 14 days to complete.The unforeseen regulatory issue relating to Guercif Petroleum Agreement Amendment No.3 has now been successfully resolved.Intervals to be tested are as previously announced. |
At least you made a profit. That's what the job is all about.
Keep an eye on it though cause if things turn out the way I feel they are (slowly) going this could be very big this year. |
The chart here has NO predictive value. It's PI's RESPONDING to (non)-events. |
If you look at the chart from July, it's in a downward channel awaiting testing news
Once announced it will move north and breakout of the channel
That's how I read it
Obviously all depends on whether PG decides too 🙄 🤷 |
The chart here means nothing. |
Thanks Mario
Chart is shaping up for news
Lots pending if PG decides to update us
CM - reserves ,field development plan, cashflow forecasts
Guercif- testing to confirm go ahead for CNG ops 50mmscfd with $292m annual revenue based on $16mscf
Volumetrics - on the back of testing , likely to be 1TCF +
G2P - 250 - 300mmscfd , I would imagine will be back In the news updates
with "all the gas" and future wells to target additional gas reserves I would expect the carrot of G2P
Overall production forecast, could be looking at $1bn gross revenue per annum
All the above for £50m |
simply too dodgy to hold.
may take a trade if they confirm testing.
personally dont think it will happen atb |
exited this morning with a small gain.
lost confidence that testing will happen
7p if there are further delays |
The force is strong here.
Keep holding onto that thought and you'll eventually find yourself in February.
"He's not wrong you know"
Remember that "there may be circumstances where, for sound business reasons, a re-allocation of funds may be deemed prudent or necessary".
Be careful. |
As early as possible in Jan…. Could also be the last day of the month…. If that was as early as they could get it started… that is… therefore as early as possible… |
The force is strong here.
That "for the avoidance of doubt" letter is getting closer.
That "forecast that rigless testing operations will begin as early as possible in January 2024" window is fast disappearing.
Peeps have been guided that Trinidad is where it will be "at" this year for the "initial Cory Moruga workover programme for early in 2024".
No testing of Mou-1 is my banker bet for 2024.
And each way for no testing of any Mou in 2024.
Is that lunacy?
Be careful. |
Is anything happening???? |
Have they commenced testing? |
Testing/Flow rates discussion
presentation in 2021
22mins onwards
May 2023 presentation
10mins onwards
"much better results" |
What happened to Pro? |
The force is strong here.
I think PG prefers a Tuesday lie in rather than a Tuesday RNS.
Be careful. |
PG loves a Tuesday RNS |
The force is strong here.
It has started again.
Some people think testing has started.
Some people think testing has been completed.
Some people think the company has been sold.
Expect a "for the avoidance of doubt" letter.
Be careful. |
Correction the first 2 times I rang the number I got the sound of a fax machine but I have just rung again now and it goes through to a third party secretarial services company which apparently they need to use as the directors are not in Jersey so we will see if I get any answers |
Emailed them so lets see if they give a reply also the phone number they put for the company must be a fax line - I take it they don't want contact |
love it, love it, love it !
Those previous posts are so funny. |
make love not war x |
Why don’t you try and take your nappy off and live in the real world. |
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