The force is strong here.
Was Phase 1 testing successful?
Some people already have the gas trucked up the road to a LNG port.
Really?
Not quite so straight forward.
"Readers should take into account all production forecasts are dependent on
successful outcomes of the Phase 1 perforation testing programme"
"Readers of this ITR should take into consideration all aspects of Phase 2 Sandjet testing on secondary targets are contingent on the outcomes of Phase 1 conventional perforation testing"
Read the ITR (pg48/49).
Phase 1 testing was a disappointment.
It did not live up to the hype.
It is a poor foundation to build upon.
Be careful. |
Well, for all the money spent this far, they need to deliver gasflow, no ifs no buts. Cash |
I'm waiting for someone to tell me that sandjetting as a solution to the heavy muds well issue is a "slam dunk". Somehow I don't think it is and that's why there will now be an element of doubt and additional risk attached to the share price until the flow testing results confirm the promise. |
Of course they have no basis. That has been crystal clear to all for a long time, surely?
An exciting week awaits :-) |
So danmart either has no answer…or hasn’t come back to work yet.
purple though is ………;….. “pretty certain”
Thanks for your insightful posts.
Is your “pretty certain” based on a lot of sandjetting experience please?
So you have no basis to make those comments…..as long as Everyone here is crystal clear…
cheers. |
Really looking forward to the coming week. Those who sold out will be scrabbling to buy back, for sure :-) |
He spins a good story and knows how to milk it dry , but so far has come up with nothing. |
Well it's obvious that Griffiths has a propensity for creating more shorting opportunities than longs! |
im pretty certain it will fail.i certainly wont be punting any of my money on it until i see the results.
2p if it fails.gl |
Please provide your basis for …. More likely to fail than succeed…? |
If the sand jetting fails (more likely to fail than succeed) this is heading back to 3p, May even drop further as they have diluted the share holding since the 3p days.
High risk here and not high reward |
 The force is strong here.
"Some great info on Sandjetting posted on LSE"
And they might all be making the same mistake.
"Small" perforating guns were used in the Phase 1 tests and failed to flow gas.
When the guns were used it was believed they would be sufficient.
Although there are some posters who would have you believe it was a slight of hand by management.
Probably the same people who thought that there were pools of water seen on satellite images prior to Mondays RNS which indicated Mou-3 test was successful, and Mou-1, and that the company had started drilling Mou-5 and Mou-3 SSE and Mou-3 NNW and that the CNG had expanded to 250 MMcf/d.
It wasn't quite true.
Read the RNS:
"presence of potentially deep formation damage"
"are very confident that we can design the Sandjet testing parameters to extend
beyond the zone of formation damage"
"We are however fully aware that we need to flow gas from our main zones in the
most effective manner after accounting for formation damage, and we have
confidence in Sandjet achieving that objective"
The Phase 2 testing puts the company back in the position it was in before Phase 1 testing.
It is a test.
If the result was certain there would be no need for a test.
Be careful. |
Thank you John
Bdt |
Some great info on Sandjetting posted on LSE. |
Like I said the other day… people need to learn to read… |
As i said a couple of days ago, a lot of folk who sold out on Tues/Wed will be buying back next week....... |
Good buy. Should be back at 13p during testing. This worth quite a bit of money with the Ma sands and shallow MOU 3 bag-able ( at worst requiring new wells) but an awful lot of money if the fan (over pressured) flows at 30mmcfd after sandjet. They were not using heavy muds for no reason in MOU 1 and MOU 3 so the gas is there. |
Worth a highlight;The initial phase (ie phase 1 just completed) is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed."Took a few more shares today :-) |
I bought 80k more shares this morning. Let's see where this goes soon;"Paul Griffiths, Executive Chairman of Predator, commented:"We are pleased to be finally making progress on the rigless testing programme. The initial phase is important to us for designing and implementing the Sandjet rigless testing programme which will follow on after the Sandjet operational planning work is completed." |
I don't know why there is a worry tbh. There is no indication that the Moroccan's have been anything other than hugely supportive of the companies that work in kingdom. I guess the uncertainty is in the when, rather than the if. |
Normally takes 3 days to flush out all the sellers, today should see the final low before consolidation.
I think the general worry now is over PA no4 |
Yes. I think everyone knows that divie, but thanks anyway.
I'm expecting some sense to return today and for folk to realise that the last couple of days has been a little bit of an over reaction. |
Not any more, they won't, without Amendment #4 in place and a crew organised after that. |
The force is strong here.
In the ITR, Phase 2 rigless testing was divided into 2 parts (page 9).
The first part is pencilled in to take 21 days.
The second part, which is more involved, would take at least another 21 days.
Both, of course, would require the Amendment 4 extension which would last until 5 June 2024.
Time is of the essence.
Phase 2 rigless testing would take 42 days in its current form.
Be careful. |
theyve added MOU1 into the sandjet and the penetration into the formation is likely to be deeper than originally planned. More time needed.
Hopefully we will hear all about in the next few weeks |
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