lets see shall we |
Thank you for challenging those two posters as I become bored posting contra arguments. You are correct and many differing sands within each drill. |
So according to you two the company value hinges entirely on whether upcoming drill MOU-5 is a success?
No value assigned to ‘successful217; drills MOU-1, -3,-4 which are shortly to be flow-tested?
Bit of a circular error in logic |
Sorry to say I agree, it's 2p or 20p....
gla
Edit, IMO!!!! |
PRICE BREAKING DOWN NOW AS FORETOLD BY kING pURPLE 11
dont expect any rally during drilling.
then its 2p or 20p
its other assets are completely worthless gl |
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." |
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