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? |
SELL
Look at its xrange |
Helium is where its at gl |
GET IN GEX |
PRD Probably the most boring oil stock in the wORLD atb |
Thanks K
Helpful is way beyond help if you ask me! Lol |
PG is not a man to mess with if he learns people are shorting as we have seen before!Any little snippet and he will release it.Thanks for your input Keith. |
TW is a tosspot with zero credibility. He and his little friends who post on lse (and maybe here as well) have taken out leveraged short positions on PRD. They then get their subscribers to do the same, and post critical (and untrue) claims on the bbs under the cover of assumed names. Quite possibility Helpless is in on it as well. |
re. size calculations, I put this on lse:
"For those who are unsure of how these numbers have been derived, Scorpion calculate the potential volume, based on size / porosity /charge / pressure from being underground, etc. This gives a high / medium / low estimate - P50 means that they think this is the number which they think there is a 50% chance of being within the structure. This is the unrisked number. That is then risked. To do this, they look at 5 factors - source / migration / reservoir / trap / charge - and assign a score for each. Those scores are multiplied to come up with an overall gcos. If it was risk-free, it would be 100%, which is what it would become in the case of an actual discovery. Scorpion have assigned 12% gcos, and come up with 6 TCF. 100/12 = 8.3. 6 x 8.3 = near enough 50 TCF in a success case."
We then have to remember that this number represents just PRD's 75% share, so the total unrisked P50 is 67 TCF. |
Thanks for explaining MP
Now see where you're coming from, but not sure I agree with the assumption. Mainly because I want to temper my enthusiasm and not get too excited! Lol
Time will tell I guess. Exciting times while we wait.. |
mariopeter,
I think you're vastly overestimating the size of the structure.
"An updated Independent Technical Report by Scorpion Geoscience Limited for the Jurassic MOU-5 structure gives net P50 upside Prospective Resources for gas of 5.916 TCF to the Company, with a conservative risking of 12% versus the Company's internal upside Chance of Success of 50%."
The P50 upside is unrisked. That's how it's upside, otherwise it would be risked resources.
Upside is what you get if fate smiles on you i.e. you get 100% rather than 0%. So the 12% is their current estimate of the chances of getting 100% vs 0%. (Roughly speaking anyway.) |
See that 600 mmbo target JH. Pantheon have done really well in last couple of weeks. |
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