Ready for the next lift up! |
So next week the start of ops
ITR Guercif
Ph1 testing
T&T workovers
Ph2 testing
Jurassic drilling
Mou2 drilling
Mou3 NW drilling
Mou3 SW drilling
What an exciting period 💥💥 |
If there is ZILCH in the ground where you are drilling, all the Candle sticks and Bowls forming are WORTHLESS. Simple as. |
Anybody sensible knows that charts are nothing more than a trailing indicator. Some chartists such as Zak Mir have enough of a following to believe in his nonsense such that the price actually moves towards his short term targets - thereby validating his nonsense with those very same believers. Of course, nobody notices when the share price falls back after a couple of days.
The vast majority of chartists are not wealthy. As aren't the gypsy soothsayers on Blackpool promenade. Some of us could have predicted that.
PRD moves with news. Very simple. We are entering a very news rich period. the price will continue to rise up until the first of that news in less than three weeks time. After that........who knows. Depends on the news right? |
So in a nutshell
. 12p was hard to achieve
. 12p may not hold tomorrow
. Could reach 24p
Therefore, share price could stay the same, could fall or could rise. Great, thanks for that. |
The force is strong here.
Time for a chart?
Look away all the non-believers.
free stock charts from uk.advfn.com
The 12p level has proven to be a difficult obstacle.
Just broken to the upside today, but don't be surprised to see its support tested tomorrow.
The three moving averages, short and mid and long term, are in the early stages of turning upwards.
The downward trendline has been broken and offers a target of 24p.
Be careful. |
Looking good 👍 |
And Shell just got £1.3Bn from the sale of onshore Nigeria, which has been fraught with issues over the years. Will they reinvest that into renewables, or go shopping for fossil fuel assets elsewhere? |
I see from the KIST RNS today that Shell et al are commercialising the Victory gas discovery. Victory is 179 bcf with peak production to be 130mmcfd near the Shetlands with super tax.Compare volumes when the PRD IPR is soon published but one thing is certain there is a wonderful low tax regime in Morocco. |
It demonstrates someone's extremely low self esteem when they feel as if they have to prove themselves to anonymous avatars on a free bb. Doesn't it purple11? |
purple constantly lies and changes historic posts to make it look like he called it right. He sold prior to big rises in the past. Deluded loser. |
Yea except you sold the day before the recent RNS and had to quickly backtrack. Not perfect by any stretch of the imagination. You keep telling yourself 2p! |
Good consolidation 11.50 - 12
Looks ready to move north |
Further to earlier discussion ref jurassic
Phillips 1979TAFR-1X offset well analogous target 50 kms to SE Pre-drill Phillips estimated one billion barrels recoverable for 30km² structure Found minor gas shows in poor reservoir
PAGE 13
1billion bbl recoverable based on 30km structure
The sheer size and potential of the "prize" will increase the mkt cap accordingly
for illustration purposes..
126sqkm / 30 = x 4.2
1 bbn x 4.2 = 4.2billion bbls recoverable or if gas charged multi multi TCF potential
Would be great to get prospective resources on this from the company , drilling April/May de-risked from MOU4 and if the testing of the jurassic flows..
Game on 💥💥 |
youre the one that looks like a fool.i call PRD perfectly.
youre just cannon fodder in this situation |
Thanks for your work Keith.
I think there must be oil somewhere to have that much gas and often the oil dwarfs the gas.At least we have found lots of gas for now in Guercif.
As a side note where has the massive gas in Algeria migrated from is an interesting question too. Might not all be in the Sahara in Algeria.
Algeria has 159TCF of gas and only 15bill barrels of oil. |
Ohdear, didn't see your post, thanks all the same. |
Thanks Nametrade, appreciated.If I'm not mistaken I believe that's GRH's area of speciality (amongst many others). |
HSSI is one of the reasons that has excited GRH here. Only few weeks to find out just how accurate it is.
ITR before next Thursday hopefully.
Conventional testing starts on or before next Thursday. Completes, at most, 14 days after that. |
"purple11 - 16 Jan 2024 - 08:33:33 - 1371 of 1376 Predator Oil and Gas New Moderated thread - PRD
run out of puff. i v much doubt itll run much higher before results"
Blimey. Words fail me. |
Affc
HSSI is hyperspectral satellite imagery
You could do worse than to have a read about it in the context of hydrocarbons.
Regards, |
Thanks Keith for another interesting post,Just one question if I may, what does the acronym of "HSSI" mean?Cheers |
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