so far im the only one that has called this to the tee. |
hit serious 12p resistance as predicted. |
 From p35 of the prospectus. Refers to a review of MOU1 cuttings and how they compared to the free-flowing Gharb. This was all before the MOU3 and MOU4 results were known.
"Desktop Studies completed by the Company in 2022
Geophysical studies completed during 2022 further defined the gas signature of the Moulouya
Fan in MOU-1 at the depth of a corresponding formation gas show in the well.
278 kilometres of 2D seismic reprocessing was completed during 2022. A significant
improvement in the seismic imaging of the Moulouya Fan was achieved with improved
definition of faulting. The scale of the feature was also confirmed.
Reprocessing also assisted with the definition of small-scale faulting at the level of shallow
sands encountered in MOU-1 that recorded good formation gas shows. This reinforced the
high resolution NuTech petrophysical wireline log interpretation in 2021 indicating the
presence of good porosity with several thin separately sealed gas pays.
Biostratigraphic analysis and age dating of the MOU-1 well cuttings supported the pre-drill
hypothesis for the development of deeper water submarine fans of an analogous age to those
producing gas reservoirs in the Rharb Basin and in the Anchois offshore gas discovery.
Sedimentological analysis of the well cuttings from MOU-1 in the Moulouya Fan interval also
supported the potential for excellent reservoir quality in thin zones at the limit of conventional
wireline log resolution. In turn this helped to validate the NuTech high resolution petrophysical
analysis carried out in 2021.
Mineralogical analysis identified key geochemical markers that were consistent with the
environments of deposition of the submarine reservoirs and also with key stratigraphic
markers indicative of different phases of faulting, uplift and erosion, the timing and expression
of which were correlatable with similar regional events in the Rharb Basin and at Anchois in
the offshore.
Geochemical analysis of the MOU-1 well cuttings indicated levels of organic matter in the
claystones suitable for the potential, but as yet unproven, production of biogenic gas in the
deeper parts of the basin to the northwest of the MOU-1 well location as well as the potential
for migrated thermogenic gas.
A scoping comparison of MOU-1 reservoir and potential production characteristics was
undertaken by geological comparison with an analogous reference well in the Rharb Basin
drilled in 2015. The well test data for the offset reference well confirmed that thinly bedded
reservoir sands with poor conventional wireline log resolution and very low apparent gas
saturations (35 per cent.) based only on conventional log analysis could flow gas at
commercial rates for a CNG development. High resolution NuTech log analysis for MOU-1
gives a much truer representation of reservoir properties in the sands encountered in MOU-1
consistent with the gas deliverability achieved in the offset reference well.
Taken together all these desktop studies fully validated the early decision made in 2021 to
complete the MOU-1 well for rigless well testing.
Together the studies completed during 2022 provided the basis for selecting two new drilling
locations to test the Moulouya Fan in an area where the MOU-1 post-drill geological model
suggested thicker reservoir sands might be encountered and where seismically defined gas
signatures, based on the MOU-1 results, could be present." |
Let's hope so
Reminder for anyone looking in , ops/events planned (in no particular order)
a) MOU 2 could have 120 - 333m gas bearing sands.."sweet spot"
b) Jurassic appraisal - could be 200m and my own calcs 9TCF on 200m reservoir .."blue sky, derisked" from MOU4
c) testing - highlight the high gross revenues and IRR
d) New ITR with outlining MOU1,3,4 resources current share price pricing in just c20BCF CNG ops
e) running room - lots of follow on leads and prospects, as we are only just scratching the surface of the equivalent of 60 North sea blocks
f) onshore - costs low to drill - even more so now, as we have mastered the geology and drills 7/8days, c$1.5m offers massive returns for outlay
g) corporate transaction - forget mkt valuation, price paid by the highest bidder, industry prices..
h) T&T workovers to generate cash
I) 2 further wells in Morocco , 1 to appraise the shallow sands and 1 to appraise Ma, TGB-6 and, potentially, depending on Phase 2 rigless testing results, TGB-4 sands. |
I will get shouted at now… but it’s possible they have started testing. They did not state they would inform the market that testing had started and it’s the results that are of material importance, not the start date.
ITR should be a good read.
GLAGH… |
Little tick up nametrade, let's hope we move north from here adter a period of consolidation, in anticipation of work commencing and the ITR being issued |
Where is pro? |
And not much volume to justify it either. |
you could get a wave of selling here |
stocks sell on spud |
whats it to be 8p or 12p?
all downside |
dropped back -7.7% as predicted |
Nice touch by the mms. After a false close that was higher than the spread on Friday, they shake it like a Polaroid picture :o) |
Will be a VERY exciting week. Hold on to your shares! |
This week
The start of an exciting period
High activity to release significant value
GLA |
see CR Thread
xXTiPSXHEETSXx |
XxXTiPSXHEETSXx |
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