Conventionally tested far less less meterage than first intended so funding fully intact I would say... |
 Cash
You obviously very carefully read the conclusion bottom of page 58 on the ITR when they were referring to the formation damage on the Ma sand.
The surprise is that the formation damage seems to be everywhere. BUT the Company know what they have to do with the sandjet to meet the other part of the conclusion on P58.
Big ask for others to stay on board but I only unload when I envisage the share price will fall into abyss. Look what happened to the share price after MOU 2.
MOU 5 doing its job hedging the fall. MOU5 is into the Jurassic which is very large indeed and entirely different to anything else drilled historically. They caught it at the bottom of MOU4 having seen it on seismic. MOU 4 was deliberately located to try to nick the Jurassic and it did. Think I read not over-pressured so drilling muds can be more refined. ITR shows it a big target for onshore Morocco.
Funding in tact for now probably just and the Company now need some good luck. Sandjet will have to work. Side track and fracking not necessary yet but are options.
Biogenetic gas ...... |
John Henry,It may well be. Not much different to the team doing the ops.Cash |
Interested in how you managed to buy at 7.5p...I couldn't get near that this morning? |
Bet you're glad you didn't take that bet with me.. |
Some are extremely good at trading, they always buy at the very bottom. Lol! |
Oh Dear, PRD down 36%. Just shows, throwing mud , especially heavy mud, is not a good sport. |
The force is strong here.
Assuming there was no flow from Mou-3 and Mou-1 as no flow rate was announced does that mean no commerciality?
Is zero a non-commercial flow rate?
I wonder if the ITR will be ammended?
The idiosyncrasies of the management are looking less loveable today.
I'm still in the £42 club.
Be careful. |
Why are they still planning more wells when they have not been able to get a single one to flow?More shareholders funds spent on drilling but it's clear they don't understand enough about the formation to get it flowing. One thing's for sure, ramping will be in check now. PG neck is on the line given shareholders have been patient for years on this on.Cash |
The purpose of the test was to "confirm formation damage"? When did they ever say that before today? Smells like bs to me. How long before another complicated raise? Dear oh dear... |
This investing lark is clearly not for you Helpless.
Do you ever get anything right?
Just wondering like. |
The force is strong here.
"Mobilisation of the Sandjet crew and equipment will occur shortly after Petroleum Agreement Amendment #4 has been ratified and all necessary regulatory approvals for Sandjet rigless testing have been received. The time framework for the Phase 2 rigless testing programme will at that time be updated"
Expect delays.
Expect long delays.
And when timelines are given, expect there to be plenty of wiggle room and more delays.
Desperate.
Be careful. |
Ohdearohdearohdear... |
Poor old Peo, any idea where they have "gone"? |
The force is strong here.
What a mess!
This is a good share to use in order to "calibrate".
Calibrate the hype!
Management hype.
Rampers hype.
The use of satellite information.
The surety of experts.
Remember what was said and compare to what the result actually is.
I'm still in the £42 club.
Be careful. |
Thank heavens I waited it out on this one.Always a worry when there are folk spewing fairytales about biggest race to finish line or risk of a takeover. This is a clear sign to wait it out.Cash |
no posts from all the clueless rampers
theyll be scrabbling to get out with half their dough! |
Timberrrr.... |
may trend down to 2p in time. |
5-7p
thats why im never in for results |
Mourning
Chewing gum and string outfit. |
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