If Ireland have signed offLNG
Then I'm sure corrib will be signed off shortly,
I remember reading you needed to have proof of funds so the fact that PRD have confirmed the farmout agreement to the irish authorities
Quote "very deep pockets"
Should now get this signed off |
The CNG project will go on after the drilling of mou5, mou shallow targets will be flow tested and ready to sell at the well head. |
Takeaway mou 5 is prd still undervalued?Of course it is... |
It does appear that the price is being dropped to fill orders - PEEL clearly want to dump completely before drill results are known. And that's OK, because their game is to make pennies lots and lots of times in a zero risk (or as far as possible towards zero) manner.
Not sure that the current price matters much to those of us who are holding on for the prize though. Let's see where we are in a fortnight... |
Possibly a big buyer pinning the price back. Did it myself once upon a time. Only way around it is to fill the order and hope sellers stop throwing money away. |
Interesting thoughts from Morocco and how imp0rtant any discovery is to the country
Not long to wait now |
The force is strong here.
A little colour for sad lives:
free stock charts from uk.advfn.com
The share price has skipped back inside the lower Bollie (just).
The Bollies have surprisingly stopped squeezing together.
I hope you are all strapped in.
What volume there is shows a steady supply of shares to match the buys.
Up or down?
Be careful. |
Can sell or Buy 1m shares at 3.93 and 4.04 respectively- unusual |
Unless there is a large short position being taken to hedge MOU result |
Still shifting placing shares IMO |
All buys and they take it down again? |
Very odd. Should not be hitting the 3s going into a drill?? |
You can sell very large quantities online so does beg the question what games are at play here |
Looking at the volume,since the day of the placing c125-130m so the churn should be coming to an end ,maybe as soon as today/tomorrow
At £28m there is nothing in for any success , which you could argue is part appraisal. as well as exploration well |
HCTS. Why do you post here when all you do is display your ignorance? LWD is exactly that, the instruments are just behind the drill bit - log data is sent in real time to Nutech. Perhaps you are not aware there is this new-fangled thing called the internet that enables instantaneous data transmission from Guercif to Houston. They will return results within 24 hrs. Helium analysis is being done on site in real time. Drilling started late on Monday 3rd. Depending upon conditions and actual reservoir depth it could take 8-12 days to drill to max 1200m. Add 1 day for Nutech to finalise, 1-2 days for discussion & approval with ONHYM. So min 10 days, max 15. That gives most likely timing for RNS w/c 17th, as I clearly stated. |
The problem is how will we know whether this drill is a success or not.
Our modern day Walter Mitty is sure to come up with something to make it look like a great success even if it is another abject failure.
Like an inverted form of the Boy who cried Wolf long ago, he cries "Discovery!!" at every opportunity.
References to multiple TCFs of gas abound in his presentations, but years later he still hasn't produced enough to boil a kettle of water. |
Then there will be the MOU 3 shallow gas production and sale after the MOU5 DISCOVERY and Trinidad production too. I expect we will know more on Ireland after the visit to the Whitehouse on St Patrick's day but looks like Ireland could be thinking of importing US LNG (to avoid tariffs) to some floating facility (Mag Mell?) in addition to Corrib South production. Suddenly the wind farms etc hit a wall and we saw that coming. |
MOU4 Drill took 7-8 days to Drill, drill and logging results announced 12 days.
Go figure MOU5 i would say approx 12- 14 days from spud for results |
hcts you are really a full blown clown. MOU 4 took 9 days from spud to Nutech RNS.
From the MOU 4 Nutech analysis of what we are drilling into:
"The recognition by NuTech of likely good quality thin gas reservoirs at the top of the Jurassic carbonate is particularly significant in the context of the large Jurassic structural closure that MOU-4 was purposely located at the edge of, so as to successfully penetrate the primary pre-drill target which was the Moulouya Fan".
When PG extrapolates that RNS then clowns here will lose a ton of money as shorts rush to close. |
Courtesy of ERB on LSE: Good old ex-minister Ryan! |
 CRIKEY oz
"expect RNS of results w/c 17th March"
what's LWD got to do with any results announcements when the man himself said this ?
"No further announcements will be made until wireline logging has been successfully completed and the results have been fully interpreted following an independent petrophysical analysis."
NO further announcements UNTIL well has been successfully logged using wireline AND a full independent petrophysical analysis has been completed
shareholders might want to look at other wells to try and get a jump on any results timings but the grifter won't want to make the same mistakes again
I've said it before and I'll say it again
he doesn't care about shareholders !!
he only cares about himself !!
if that has not been made crystal clear in his recent rants you are probably more dense than the rock you keep chipping away at down your Aussie beach
I know from experience rock doctors have been responsible for the failures of many junior exploration companies because they just don't know when to say stop drilling
March results ?
aye lets see shall we !!
bwahahahahaha :) |
Games are at large here
Anyone got online buy limits ? |
The MM's will make hay for the rest of the week. Then, no matter what PG says about not releasing an RNS until good and ready, the hundred or so folk on site will know well before that ......... and then so will the Market. So from next Monday onwards the game playing will stop.... |
New note from Oak Securities
hxxps://s3-eu-west-1.amazonaws.com/vox.assets.public/media/2697cdc7-3f81-4d21-99e8-a51b8c2abde5.pdf |
We won't hear anything until wireline logging has been completed, surely both the drilling and logging combined will take 3-4 weeks?? |
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