Bang! 17p soon |
Golden cross green to dark blue indicates 17p and that could be before test results. |
Where do you think this is going to then? |
I know many don't think much of charts but one forecast on a share price chart that has never failed me is the golden crosses on the moving averages. One recently happened already with more coming. Crossing a rising 200 day is particularly good. Happy days ahead here at PRD.
free stock charts from uk.advfn.com |
 I put this on lse in response to questions about mentions of Oxfordian in the ITR.
* What does it mean? Oxfordian refers to a geological time period159-154 Ma (million years before present), and therefore is classed as Upper Jurassic. Much of the early geological work was done in the UK, and hence many terms are UK-based - in this case the sequence of rocks around Oxford. They were formed around the start of the formation of the Atlantic in a shallow shelf sea with gradually rising sea levels, and consist mostly of mud / claystone, with a few interleaved sandstones and limestones, including reefs. These are sometimes hydrocarbon reservoirs in southern England. Much thicker limestone and sandstone sequences of Oxfordian age are found in the Gulf of Mexico, and form one of the world's most productive h/c systems.
* What's this got to do with Guercif? That was my first question! I was aware that in the Essaouira Basin in southern Morocco there are fractured carbonate reservoirs of Mid-Oxfordian age, with hydrocarbons sourced from underlying organic-rich Lower Oxfordian shales, and traps formed from underlying Triassic salt diapirs. But it has been assumed that there are no Oxfordian-age rocks around Guercif - take a look at the geological sequence on p.14 from this document from ONHYM (loads very slowly) hxxps://hydrocarbons.onhym.com/sites/all/themes/hydrocarbure/images/pdf_onshore/Hydrocarbon%20Exploration%20Opportunities_Onshore.pdf
You can see there is a discontinuity between 161 - 97 Ma - meaning that rocks of this age (including Oxfordian) have been eroded away and are missing from the geological sequence. So I was very puzzled to read for the first time that PRD is investigating Oxfordian age prosects.
* So, what is going on? Remember that PRD were conducting fieldwork looking at Jurassic outcrops around Guercif? I suspect that they discovered that some of the 'missing' rock strata were actually still there, and had characteristics that could make them viable h/c prospects. A couple of you have picked up on the considerable detail about historic drill holes - two of these (MSD-1 & TAF-1X) went right down to the Lower Jurassic, so if the Upper Jurassic was actually there, they should have recorded it. TAF-2 & KDH-1 may also have picked up some traces of Oxfordian. I assume that PRD has been in discussions with ONHYM about this new potential opportunity, and detailed historic well logs have been released and examined.
* What does this mean for PRD? MOU-4 found the original Jurassic target 200m lower than expected - the prospect map has now been substantially updated in the ITR compared to the last CPR. It now appears likely that a second Upper Jurassic (Oxfordian) prospect lies stacked on top of the Lower Jurassic carbonate reef that we were calling MOU-NE / Titanosaurus, and other previously unidentified Oxfordian prospects are also on the licence area. MOU-5 will target the new stacked prospects.
* Conclusion - we're going to need a bigger boat. |
Fully funded for all confirmed activities this year.
Potentially hugely transformational news, on more than one front, in a matter of weeks.
Zero debt.
Did i mention zero debt?
Any pi not in this is about to miss out on the chance of a lifetime. |
Volumes still showing up conservatively on IPR although P10 on the Jurassic is not small. A couple of weeks and we will know some flow rates and maybe they can increase volumes. Overpressure in sands increases expansion factor. |
Sell on Friday, and the sell on news brigade, sent the share price the wrong way,
which was helpful....Added a few more....Nice!!
gla |
More than happy to wait for £42 a share :-) |
Thought there would be a few more buyers. Oh the days of £42 a share lol |
Thought it would be you. |
"trop26 Jan '24 - 08:20 - 6654 of 6654
0 0 0
Mourning, please don't say the obvious."
That you can't spell? |
Mourning, please don't say the obvious. |
Reading is one thing. Understanding is clearly something entirely different. |
Lol I love how patronising people can be on an anonymous free BB. I've read plenty on their projects thanks. |
It's the Q1 bit that has taken them by surprise. Anybody who thinks it is a pie in the sky project really needs to spend a bit of time researching, before making themselves sound silly (albeit on an anonymous, free, bb). |
Ireland has "taken us by surprise" is a bit of a weird thing to say. Sounds like they feel they're just chancing their arm with a pie in the sky project and are surprised anyone is taking it seriously! |
"Fully funded for all 2024 commitments" is very reassuring. |
Excellent update that, very prudently, assigns nothing from the sandjet testing (yet). And Ireland is a surprise............excellent surprise or neutral (because nothing was expected) surprise we will soon see! |
Excellent RNS update with testing confirmed to start Mondsy. |
The force is strong here.
There's someone on the inside.
Objective.
With the overall picture.
Someone who is consulted before any Moroccan RNS is released.
ONHYM.
The king of Morocco appears to be awfully keen on that Nigeria-Morocco pipeline for Nigerian gas.
Morocco has signed a contract with Shell to import LNG for 12 years and are building LNG import terminals.
Morocco has the facility to import gas from Spain at great expense.
Morocco is quickly building up green energy credentials.
With what ONHYM might know that should be very worrying.
The reality should be compared to the hype.
😎🚩🐖😎
Be careful. |
The force is strong here.
But what is your point.
This thread exists because of inconsistency.
It was why it was created.
I'm not interested.
Everyone is not interested.
Filter and move on.
Be careful. |
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