My Thoughts- With Baker Hughes on the well out of NL there will be expats on the well out of Europe UK even operating the CT unit.
As they will be involved in the sand jetting, they will see flow testing as it goes. Of course there will be NDAs i would think as tight hole- however with communications now easy to give some one the nod.
So PRD may have no option to mention flow tests as they come or you may see a some buying..
So by Monday the first sandjet could be completed and if well flowed may have to be RNS.
Would be hard to keep tight ship maybe.
Any thoughts- I am holding tight... |
Anybody care to hazard a guess as to what will happen to Chariot if and when the multi tcf is confirmed, alongside a significant flow rate over on prd? Why would anybody want to fund a hugely expensive offshore prospect that will take many years to develop with s far from guarantee of success?
There is no doubt that the poster Jimmy over on lse is connected to Char. Jimmy Lea has been suggested. I can understand the frustration....I just don't understand what he/they think he/they can achieve by posting on there. There is loyalty. And then there is plain stupidity. 4 months to try and save their company? |
Snippet on Monday? |
Purple, probably the most boring colour in the world. |
Purps, reading your previous posts, you are clearly a savvy and very informed investor.
In which case can I ask what you are currently invested in? I might have some spare cash to invest shortly.
Ta. |
Thanks purps. |
They are not looking for oil, it's the gas they're drilling for.. purplepatch your motives are well noticed! |
Thanks Keith. |
"a placing will take place by mid August (maybe end) and because Jon Belliss is involved it will be highly discounted." |
The force is strong here.
Looking at the volume and the share price reaction, I can't help thinking that shareholders shouldn't be calculating Tcf or Bcf, or which oil and gas major is looking over the fence, or how big the special dividend will be, but rather how the placing is to be engineered.
I'm still a £42 a share person.
Be careful. |
Thanks purps. |
yes PRD has nothing
griffiths just lives off placings
theres NO OIL there or they would have found it by now
its a sham to get placings away imo
avoid like the plague |
Great, many thanks Keith. |
reversing now....predictably
platcthexreange......free money gl |
Purplestain thinks he's missed the boat and he's scared of risking the few ££'s he's got, he's most likely put all his money into his latest ramp GEX and is hoping that GEX shares rise a penny or two so that he can sell and buy into PRD, that's why he's deramping these for all he's worth... |
rebuy at 8.88 niceley ranging |
Ohdear³ - Honestly don't know, but I assume PRD expected the CTU to arrive very soon after the 6th June so that they could start the preparatory work - cleaning out the bore and re-logging. In the event it was late, so nothing could be done, and after its arrival on or about 6th August they were effectively at the start of the 5+ weeks again. Lonny's tweets show assembly & testing, but as of yesterday the CT inserter was still not on top of the Christmas tree, so nothing could have started downhole yet.
I am guessing (no more than guessing) that each perforation point and test will take 2 days. 17 runs in total gives 34 days, plus the couple of days prep gives the 5+ weeks. |
Thanks purps. |
Hmmmmmmmmmmmmmmmm 2p......Or......20p......Hmmmmmmmmmmmmmmmmmmmmmmmm
.
.
I've had a small bet on 20p....
gla |
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.........................
The Graveyard.
2p |
Whilst you're here Keith. I don't post on lse, but I am curious as to why most folk over there are not expecting testing news for 5 weeks. I know what was said in the 6th June RNS, but that timeline included delivery of equipment. Now that all equipment has been delivered, what is a more reasonable timeline do you think? I reckon no more that 2 weeks... |
If all goes to plan we could be Exxon shareholders as they issued paper to spend $60b on Pioneer this year and of course they will be seemingly looking at the Jurassic OFFshore having acquired Moroccan licenses earlier this year. No doubt the Qatar interest in Morocco will be watching carefully and may do a joint as they have done in Egypt. Getting ahead of myself!All PRD need do is flow MOU 3 and from then on PRD is a target and could do a contingent deal on the Jurassic. Helpless will be saying Exxon will need a fundraise! |
Isn't MOU-5 effectively an appraisal well to MOU-4 would you have expected Scorpion to attribute a higher CoS? |
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