Interesting the A sand at MOU 3 (assigned the most likely to flow in the IPR page 44) being held back from initial testing presumably as no other touch point in the other wells. The 3 sands mentioned for MOU 3 are:
TGB 6 sand and features in MOU 1,3 and 4.
The Ma sand and features at MOU 1 and 3.
The TGB 4 sand.........only featured at MOU3 from my notes but could be wrong yet flow rates could crank up output to 50mcf/day.
Will have to revisit the IPR. |
Cat33 = louis10 = oilman jim
They are all one and the same.
Nuff said
Ps lovely RNS today |
Or a lot more |
100% this recent PRD update from him is exactly that. |
Any reason why the update (which can be viewed without subscribing, if you know how) only repeats what's in the rns. No insights... |
Any reason why Oilman Jim uses a photo of Daniel day Lewis instead of himself? |
And is often old news |
Cat33 prey tell me why peeps would subscribe to a rag that simple copies and paste the RNS. |
He can always buy at 10p on the run up to 100p? |
purples peeved because it wanted to get in at around 6p for a run up to 10p, but it hasn't worked out. |
Only tears will be yours Purp cause you dont have any PRD. |
Dry your tears purps. We can't all be lucky in life. |
Good summary of where PRD is nowhttps://oilman.beehiiv.com/p/oilman-jims-letter-june-6-2024Worth reading |
this is all going to end up in tears i fear |
Fully funded for sand jet and MOU 5. Assuming flows Morocco more than likely will be for sale. I see no reason why little PRD would want to develop the huge discovery or the oncoming Jurassic. That has always been the plan. Should MOU 3 flow like the comparative Gharb then projections of flow rates are very conservative.Would hazard a guess that breach of the formation damage would be reported early. |
Read the RNS again swanvesta. And switch on your comprehension head this time.
Fully funded for MOU5. We will have the rig after SOU. |
Huge run up for MOU-5 may have to wait for the funds to be raised though.
"Following the results of the Sandjet rigless testing and the first two well workovers in Trinidad designed to re-establish oil production, the Company will re-assess its funding needs for the next 12 months." |
The force is strong here.
The early stages of the sand jetting programme have started.
That means the portaloo is on site.
When the process will actually started is up in the air.
But that is good enough for those "in the know".
Open ended as usual, testing could take months.
Mou-5 will be drilled:
"as soon as practical after entry into the First Extension Period"
Those "in the know" cannot tell you when that will be.
The next funding has been signalled.
It will be after Sand Jet testing but before Mou-5 is drilled.
At the moment.
Those "in the know" don't know what they don't know, but know what they think they know. I know nothing.
Be careful. |
LOL!!!
You're not "ART123" over on LSE are you purps? He seems a little bit "challenged" as well.
SV101 will be used to drill MOU5 - just as soon as SOU have finished with it. Really isn't difficult to understand.
Now ......... get ready for the huge run up to the drilling and during the 5 week SJ period. Happy days! For those who are smart enough to understand. |
called correctly no run up
now its 2p or 20p
all its other assets are worthless |
Good stuff |
North Sea .... look at JOG today where fiscal instability causing havoc. Not so for Morocco where the fiscal backdrop is excellent |
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