Chariot Oil & Gas Finds Major Reserves in Northern Morocco
Chariot Oil & Gas estimates 12 billion cubic feet of gas reserves in Morocco’s Dartois field, with plans for further drilling.
• Mahamadou Simpara
•
• May 25, 2024 12:40 p.m.
Great news for CHAR !! Will we be next ? We know the gas is there, will it flow in commercial quantities is the jackpot question. Only a few weeks to find out. |
Trop you are required on RKH |
Further to my post 6998 it's MOU 3 and possibly MOU 4 that has the shallow gas without formation damage.
By the 5th of June (amendment 4 to the license) there will be some significant change. Still think also MOU 5 coming in viz:
SOU financial report drilling activity "from June". Char 2 well program coming to an end in cc two weeks. SDX had a drill only recently too. PRD's turn imho. |
I think you mean PRD get it after SOU?SDX are drilling later in the year. |
You been they get it before SDX, even though they are contracted to have it after Char? |
Keith, heavy drill mud was used on MOU 4 and formation damage is predicted according to the annual report. Let’s hope sandjet does the job. No formation damage at shallower gas level....think that's MOU 4..
Chariot announced yesterday that they have p and a’d their first of two drills . I expect the drill rig back at PRD in cc 2 to 3 weeks for the MOU 5 drill. |
 Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is prospective for Tertiary and Jurassic gas. The current focus of the exploration and appraisal drilling programme is located less than 10 kilometres from the Maghreb gas pipeline. The MOU-1 well drilled in 2021 and the MOU-3 and MOU-4 wells drilled in 2023 have been completed for rigless testing in early 2024. Near-term focus is on supplying compressed natural gas ("CNG") to the Moroccan industrial market. A Collaboration Agreement for potential CNG gas sales of up to 50 mm cfgpd has been executed with Afriquia Gaz. Further drilling activity is anticipated in 2024 to further evaluate the MOU-4 Jurassic prospect.
Predator is seeking in the medium term to apply CO2 EOR techniques onshore Trinidad which have the advantage of sequestrating anthropogenic carbon dioxide. The acquisition of T-Rex Resources (Trinidad) Ltd. ("T-Rex") is a first step to realising this objective. T-Rex holds the Cory Moruga Production Licence. Cory Moruga is a largely undeveloped near-virgin oil field of similar potential size to the nearby Moruga West and Inniss-Trinity mature oil fields. The Cory Moruga Production Licence is a potentially significant asset for the Company with the capability of generating positive operating profits in the near-term. Capital required for staged field development can be implemented potentially utilising operating profits generated from an increasing level of gross production revenues. Etc
hxxps://www.investegate.co.uk/announcement/rns/predator-oil-gas-holdings-npv--prd/result-of-annual-general-meeting/8201486 |
purple certainly comes across as particularly thick. The only thing he ruins on a daily basis is his grotty y fronts I reckon. |
heading down to 7s?
seems likely |
Your understanding is misplaced, it would seem. |
I hope you're right. Over delivery w.r.t. to expectation management is much overdue IMHO. |
A "commencement of Sandjet testing" rns could be released as early as tomorrow morning I am led to understand.......... |
Afternoon ☔ |
AS has been noted above, something has appeared on the west side of the MOU-4 pad. I would be surprised if we do not hear something next week. Starting on MOU-4 makes sense for 2 reasons - lack of formation damage makes for a good first appraisal of the SandJet operation, and would also provide further info on the Jurassic in order to fine tune MOU-5. However, priority must also be given to the most likely source of the initial CNG - Paul has said this will be the shallow overpressured gas, including that behind the two layers of casing in MOU-3, which they have stated they can penetrate with SJ. I would think that they will also want to look at the potential of the upper part of MOU-1, which appeared to have biogenic gas over a column of several hundred metres. Finally, testing the Fan in at least two wells will give an indication of the volume of the largest potential reservoir. Paul has suggested that this will not be needed for CNG, but results will nevertheless be necessary to feed into the acquisition discussions. |
💩👀 |
Activity at MOU4? |
Afternoon ☀️ |
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