 RE: MOU-3 middle section not mentioned in the Vox video talk (does not look that important to me, but make your own mind up):RNS Number : 9614DPredator Oil & Gas Holdings PLC27 June 2023FOR IMMEDIATE RELEASE Completion of MOU-3 drilling and logging operationsPredator Oil & Gas Holdings Plc (LSE: PRD), the Jersey based Oil and Gas Company with near-term gas operations focussed on Morocco, is pleased to announce the successful completion of drilling and logging operations for the MOU-3 well appraising the Moulouya Fan primary reservoir target and several secondary reservoir targets encountered in MOU-1 drilled in 2021.A preliminary summary of the results from the zones of interest is given below pending further NuTech petrophysical wireline analysis that will be commissioned ahead of finalising multiple intervals for rigless testing .No logs were acquired over the shallow interval, the results for which were previously announced, which are behind 95/8" casing.1. Ma and TGB-6 sand intervalWithin the interval from 815 to 895 metres TVD MD five potential sands with gas shows were encountered. Individual sands have a maximum thickness of 3 metres giving an estimated cumulative thickness of 11.5 metres versus a P10 pre-drill forecast sand thickness of 10 metres.The Ma Sand had a 3% formation gas show.Pre-drill P50 structural closure was determined to be 6km² for the area tested by MOU-3.MOU-3 well results have confirmed that the Ma to TGB-6 interval can be correlated with the same gas-bearing interval in MOU-1, approximately 7 kms. to the southwest. The two well data points now support a seismically defined sequence covering an area of up to 58 km² that potentially forms a combined structural and stratigraphic trap for gas.2. TGB-4 sandsSeveral thin sands of up to one metre in thickness were encountered in TGB-4 from 1046 to 1070 metres TVD MD. Borehole geometry was poor and further detailed petrophysical analysis will be required to determine reservoir quality. At least one of these sands may be a candidate for rigless testing.3. Sub-TGB-4 sandsFrom 1112 to 1140 metres TVD MD. five thin sands, individually up to one metre-thick, were encountered. As for the TGB-4 sands further detailed petrophysical analysis will be required to determine reservoir quality.4. Moulouya Fan sandThe Moulouya Fan sand was encountered from 1378 to 1437 metres TVD MD with approximately 50.5 metres of sand versus a pre-drill P50 forecast of 19 metres.Elevated background gas readings were recorded whilst drilling this section. |
Ok let's chat in Jan you Div and see how that placing has worked out. There is much more to come |
T&T will turn out to be just another make work program for PG to keep him busy until he retires. Guercif since 2021 looks like the same. Still no f...ING flow test. Ireland? Outright speculation, but a good 'un.I predict another low ball placing before year end. Let's see who is the moron then, eh? |
The force is strong here.
The death cross is still in play.
Short term the target is 7.3p as indicated by a nice little head and shoulders:
free stock charts from uk.advfn.com
Longer term, if the trendline is broken, a fall to betweem 2-3p might be on the cards as the (6 month) flag works out to the downside as the share price continues its earlier decline:
free stock charts from uk.advfn.com
All fun, but interesting to watch.
Be careful. |
Oh yeah that's exactly it, you f'ing moron! 3 global projects on the go and swabbing confirmed to support the gas flow of mou3! But yeah we're a one trick pony! Imbecile |
Seems like it's become a one trick pony on MOU-5 now. |
back to 5p support |
Thing is Mario theyve pretty much f ucked up all the wells theyve drilled fingers crossed they dont F up Mou 5 jury is out.
Mind you with Lonny gone things might improve. |
Mariopeter was interesting ( negative) to read that the main testing sequence TGB-6 and Ma Sand ("middle sequence") didnt flow.
Mou3 is certainly starting to look like a failure. |
RNS dated 28/9/2021 first referred to MOU NE the Jurassic with its offset well TAF 1X.For me MOU 1,2,3 and 4 has been the support act. |
I think another year will drift by without any meaningful results, therefore i'll hang fire now. Any pump in the near future will be a placing alarm call, and i'll take the opportunity to get out. |
The force is strong here.
Take off your sandjet hat.
Time to put on your swabbing hat.
It's Mou-1 I feel sorry for.
Pre Lonny.
Those explosive guns were the warm up act for sandjet, which we all knew was the warm up act for swabbing.
Does anyone know what comes next?
Reminds me of the song "There was an old lady who swallowed a fly".
£58.90 is still the target.
Be careful. |
Still no flow test results, years after MOU-1 was first drilled. And no published results yet for this year's placing funds. That is PG's decision, and no one else's. The buck stops with him. |
Took a lot from that video (thanks for the link) including the fact that volumetrics are unchanged in biogenic gas and now seems we have a unique structure in Morocco.....that's a relief cause everything else seems to be failing there. 470 bcf targeted in MOU 3 alone. Swabbing great and PG seems to think still biogenetic gas will at least fulfil CNG demand leaving MOU 5 for Moroccan gas to power and for Europe. Piped gas is better than LNG any day of the week for emissions. He did say the Maghreb pipeline could take 1 bcf per day...my head is dizzy with that great volume. Top and bottom of MOU 3 flowing but surprisingly not the fan. The bottom (TGB 6 sand) was the big part and the top was the bit given a 68% chance of flowing in the IPR.
Production starting in T and T this year . Big range in cash payback ($1.5 to $7m p.a.)
Hoping successor licenses are granted in Ireland while business is being closed ahead of the election. The Irish farm out depends on successor licenses being granted and are in line with the current regime.
Can you believe PG is going full pelt at MOU 5 without even a whiff of a farmout of that enormous structure. The Hassi R'Mel Gas Field is the largest gas field in Algeria and one of the largest gas fields in the world and provides 2% of the world helium market to boot. (Nice comparison for MOU 5).
Onshore world class structure a few kms from that pipeline. Hard to get better than that in upstream oil and gas and we have PG to thank for the opportunity. The cost of the drill is £2m less the released deposit of up to $1.18m
There is the threat of a small dilution if no farmout achieved anywhere. Who cares .. that is better than farming out on this extremely unique opportunity unless an oiler wants to pay proper money for a share. IMHO since MOU 4 hit the Jurassic, I personally view MOU 5 as an appraisal rather than an out and out wildcat.
Good luck to us all on this vast drill and enjoy the ride. |
What, you mean he can't blame the geology of what he's dealing with, the choices made by the drill team or the government's on 3 continents. It's all on him? |
PG only has himself to blame for this share price drift. |
mou3 takeaway for me was, the swabbing unit is needed to help maximise the mou3 flow to the cng project [before consideration of mou1, 2 and 4] |
I've been inputting the last 6 months rns's into chat gpt and based on the interview this morning, I asked the following: Would You Swab if There Were No Chance of Flow?Swabbing is only performed if there's an expectation that the well has the potential to flow, particularly after some form of intervention (e.g., perforation, stimulation, or damage repair). If the well was believed to have no potential to flow, swabbing wouldn't be a logical step because it would simply remove fluids without any prospect of inducing reservoir flow.Here's why: Reservoir Potential: If a reservoir has no hydrocarbons or if the formation damage is too severe, swabbing won't help establish flow. Operators usually perform swabbing when they believe there is enough reservoir pressure or recoverable hydrocarbons that could flow once the wellbore fluids are removed. Cost and Effort: Swabbing is an operational expense, and companies wouldn't spend resources on it if they believed there was no chance of flow. The fact that Predator is moving forward with swabbing indicates that they expect the well to produce, based on the results from the Sandjet perforation and pressure buildup. Post-Perforation Process: After successful perforation, it's common to swab a well to clean out fluids and help the formation "kick" (i.e., start flowing), especially if pressure buildup has been observed.Conclusion:Swabbing is a positive sign that Predator expects gas flow from MOU-3. It suggests that the Sandjet work was effective in connecting the well to the gas-bearing formation. If there were no chance of flow, they wouldn't proceed with swabbing. Therefore, this step indicates confidence in the well's potential to flow gas once the remaining fluids are cleared out. |
mou3, top and bottom of target intervals flowed [achieved 2 months of pressure monitoring], situation made difficult by inapprop drilling mud, the swabbing unit at mou3 potentially jan, same time as mou5 ops
additional equipt/services maybe required when swabbing unit has done its thing |
Delays are frustrating but why would you swab the well if there was no chance of gas flow.... Looks like q1 for updates |
thanks to firemansam, lse
interview -
waiting for swabbing unit for mou3 to clear out debris, the one unit in the country is seeing heavy usage by onhym, as best as i could make out mou5 is funded
end of nov to end of dec, t&t oil deliveries |
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