 @helpful. I find some of your comments very odd.
1. Entry to the 1st Extension period. The RNS of 8th August clearly states "Operational planning has now re-commenced, with the regulatory process concluded." In case English is not your first language, this means that the licence has been awarded, and everything is going ahead.
2. "Has testing started yet?" Lonny's tweets of 7th & 8th August clearly show that all the necessary equipment is on site, as is the Baker Hughes specialist CTU & SandJet operating team. Ground level testing of the SandJet perforator was ongoing, and the only further setup required was positioning the CT inserter tower onto the Christmas tree, using the onsite crane - requiring only an hour or two. The borehole would then be checked and if necessary (but very unlikely) cleared of any debris. Then the bore would be re-logged to account for the differences in thermal and tensile expansion of the CT compared to the original drill pipe. These preliminary activities would take 3 days in a worst-case scenario. Since no one would leave expensive equipment and staff doing nothing, that means that actual perforation and subsequent flow testing would have started at latest on Monday 12th August. "Extensive operations at MOU-3 are anticipated to last for at least five weeks" so expect a results RNS next week at earliest, w/c 23rd September latest.
You seem to mistakenly believe that the current share price and buy/sell activity are reliable indicators of future performance, when everybody else seems to know that this is incorrect. Since you clearly do not understand very much about investing, the oil & gas industry, and about the operations of Predator in particular, why do you continue to write so many posts that only serve to make you look foolish? |
floe test?? You're expecting icebergs? |
This CEO is an absolute bellend. He needs to go or floe test these wells and show us what`s down there, I only have punt money in so could not care less, but he is a tool. |
The force is strong here.
"the probabilities are in our favour"
Not the 12% CoS.
Has testing started yet?
The daily share volume says not.
"Confirmation of entering the First Extension Period requires obtaining the required statutory approvals under the form of an order executed by the Ministry of Energy approving the extension to the Exploration Permits into the First Extension Period"
What does that mean?
Be careful. |
Not much speculative buying |
Lots of differing sands and high pressure being tested.Have to say probabilities are in our favour. Bottom of MOU 4 is a massive bonus. |
Be some crack in the share price if it doesn't flow. |
Be some crack if they successfully flow the bottom of MOU 4. Market seems clueless on what's going on here or the numbers involved. |
Yes definitely be'atches on the lse site, and spitefully zealous.. |
Beware....easybrent is BeanCounting on LSE....last post is word for word identical to entry on LSE site. On the other site, they post disingenuous guff to promote FUD. When rebutted, they simply ignore and try to find another wholly negative angle. |
Probably want to flow test bottom of MOU 4 before drilling MOU 5.
Site very different at MOU 3 on satellite on 30th August. |
Probably want to flow test bottom of MOU 4 before drilling MOU 5.
Site very different at MOU 3 on satellite on 30th August. |
Sound has completed the work with Star Valley Rig 101 but what is strange is that Sound is writing that it will be stacked at their site at no cost.
"The rig will be stacked at the TE-7 site, at no on-going cost to the Company."
If PRD wanted the rig, there would be reason to stack it at Tendrara. I wonder what has happened to PRD statement about drilling MOU-5 as soon as they have a rig available. |
Lonny's tweet of early August 6th -8th August shows sand-jet ready to go at that time.
Does not take nearly a month to work out if you can breach formation damage. Must be measuring up flows. |
Crikey I am sure I saw a pro2000 account being set up August 2024. Gone now.
Proselenes behaves a little like Pro2000 with similar interests in HE1 PRD and TXP. Could be wrong of course. |
MP, can't find him under @Pro2000. Do you have his exact details please? |
From memory, i think the satellites only whizz over a couple of times a day. So you may not see anything flare wise outside of that time or if there is cloud cover. I think keithoz previously posted that any flaring may only be temporary in nature and not necessarily permanent. |
Yep long here too. Need grit in this market.
Jimmy (LSE) kindly posted a link to detect fires:
Co-ordinates for MOU 3 are 34.320 Lat and -3.386 longitude.
I may be using this site incorrectly as that Dagenham fire ( with 40 fire engines ) did not feature. Its a NASA site so assuming problem is with me . Anybody else onto this? |
MP. I'm long. Very long on this one. I was actually being facetious towards the trolls. Just thought I'd clear that one up. 👍 |
Not at all, MP. I was puzzled by your previous post, that seemed like a possible de-ramp in the making. I added another 50k this morning. |
Divmad thought you knew about PRD? Please don't tell me you sold because you thought the sands were too thin? |
No flows because they can't make them flow - again - or because they are just too thin and uneconomic? |
Free ride on biogenetic (upto 7 TCF) cause the share price will be here at spud of MOU 5 if no flows on the stuff currently being tested. Only reason I bought in here was MOU NE ie MOU 5. Looks like biogenic will come in as everything scientific thrown at it points in the right direction.
Hey PV think you should short it and put your money where you mouth is? |
@nametrade....it's meant to be a counter to the absurd notion that PRDs valuation should.not be even £5m....what's your point? lol |
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