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GRH. .. .. Yes
😇Supergiants dwell in Guercif
😇Also... consider the area we now call South America
😇 Many folk have grossly misread Trinidad. The CAMP and the NE- SW trending faults
ALSO delivered the giant hydrocarbon volumes
To what we now call Norway and The North Sea
There are truly great analogues there
'Captain' is but one I have spent 15 years...often silly hours per day...
Macro and micro researching
Almost every hydrocarbon basin of the World
I possess data that would set folk's hair on fire
😇 I am only invested in one small E&P
#PRD
GRH. .. . .. 💯 Trinidad is Venezuela
💯 Separated by a stretch of water
💯 Yes...it's that old CAMP
💯 Again
#PRD
T&T may turn out to be a huge step up for PRD.
T&T Government need to re build their oil/gas/condensate output.
PRD could become a key player, previous Carbon sequestration efforts & expertise have I suspect opened a lot of doors.
The twin advantage of carbon storage✅ leading to increased production✅ is the future.
It has been stated before that there are approx 5,000 shut in oil fields, some are capable of re starting production through carbon capture EOR.
This is superb news, no expensive oil exploration, the oil is there, billions of barrels.
Thousands of oil fields of little to no value will become valuable again, new technologies to help increase RF plus CC EOR will in time lead to a T&T renaissance in the oil business, this plays straight in to T&T government hands and Paris accord.
Meanwhile PRD will explore our own assets in T&T, deeper sands might surprise, to the upside, perhaps picking up other assets paying cents on the dollar.
T&T has been a slow burner, I think our new country manager is about to take the gloves off.
I wonder what his exact brief is ??
Do we still have exclusive rights to excess CO2
MEM
Ps and as PG intimated, add in NuTech analysis plus use of SandJet, a huge step change to fine tune oil extraction.
MEM - with greatest of respect, no one will take them seriously until they can flow test successfully. Even Malcy has quitely bumped off PRD from his bucket list.
Mumbo: Yet Malcy is enthusiastic about CEG even though it won't have anything to flow test for quite a while (if ever), with a mkt cap of nearly £16m against PRD's of £54m. PRD seems infinitely better value to me. So I wouldn't treat Malcy's opinion as gospel.
Agreed, testing is a must and ASAP, hopefully news next week.
Have a safe and lovely weekend everyone
MEM
I would not worry about Malcy and his opinion he is just a mouth piece. If you scratch his tummy enough he will purr out anything you want him to say. Obviously CEG did and PG did not when he avoided him last her Morocco. Malcy is very useful when you want to hype up something you have not found he is not for companies who have found it although have not yet tested it. We need to test very soon and we will..
It’s certainly good to know there are deep fault systems which allow gas migration.
As pg explained previously, the wire line logs required specialist interpretation due to the high mud weights used during drilling, invade the reservoirs near the well bore. While nuetech are experts in interpreting the logs in these circumstances, it’s still an interpretation that requires validation. For this reason, it was most reassuring for prd to advise the market that gas samples had been recovered from mou 3 and mou4, although why it took so long to report is not understood, as it’s the first validation of actual gas being recovered from reservoirs.
While GRH is most enthusiastic about the gas volumes generated , it’s the starting point, I am more interested in the top seal of shales and blue marls as it these rocks which seal the gas in place in most locations. This is particularly important because the basin went through two periods of inversion which can cause lesser top seals to crack and for gas to migrate to surface.
In addition, the top seal rocks may also act as a lateral seal for a stratigraphic trap, which looks likely for the mou fan reservoir. However, without 3D seismic, this will require validation by drilling. Which is why it’s so important to flow test, get into cng production and use the cashflow to drill out the area, without diluting shareholders. That’s why I am invested, so very keen to see flow testing by sand jet as a priority.
Jimmy
To be fair, Malcy is a knowledgeable man in the oil and gas business. OK he maybe a mouthpiece and he is no doubt paid to interview companies when they have something to say. But, he was the person who alerted me to PRD in the first place and I was able to buy many shares at a price well south of todays.
Malcy to his credit tried to get some traction with PG last year in Morocco, but PG brushed him off in a rather terse manner which left a bitter taste after a few years of supporting (and promoting) Predator.
I still read Malcy's daily blog, it is quite useful for a general overview of oil exploration companies as long as you can read between the lines.
Another great piece of analysis thanks jimmy. Great to have guys like you on this board.
Reasoned balanced analysis.
@Jimmy "I am more interested in the top seal of shales and blue marls as it these rocks which seal the gas in place in most locations. This is particularly important because the basin went through two periods of inversion which can cause lesser top seals to crack and for gas to migrate to surface."
If the seals were not competent, how would you account for MOU-1 and MOU-3 being overpressured from top to bottom, as stated by Paul in the last presentation? I would also assume that transient pressure testing would indicate reservoir connectivity between wells. I don't see that the time and expense of 3D seismic is necessary at this stage - but I agree with you maybe later, when the flow rate from the initial production wells begins to decline, and optimal positioning is required for the next few producers - but this is likely to be a few years down the track, and by then readily financed from cashflow, or done by a purchaser. I guess we will get an operations update in the next week or two, hopefully including start date for the SandJet testing programme.
Keith.
Mou 1 and 3 are each located in a three way dip anticline against a fault seal. Yes the mou fan reservoir is reported to be overpressurized.
To achieve the higher volume of prospective resources, the reservoirs will also need to be sealed by a stratigraphic trap and widespread and effective top seals are required for that. The results of mou 4 indicate there may be a stratigraphic closure at that location.
However closure to west needs to be proven, either through more wells or 3D seismic which is a requirement of the next stage of the licence.
Agreed , priority has to be to be focused on sand jet perforation .
Jurrasic prospect will likely require either lots of drilling or 3D to proove widespread good reservoirs.
Again, priority is get to cashflow to fund this.
Jimmy
Trying to bamboozle people with mild technical talk clearly works on some.
Keith,
I admire your unrelenting attitude to keep batting off the nonsense 👍🏼
Https://www.youtube.com/watch?v=NiK-eGbwCj0
Only kidding Jim
😉
Jimmy can use technical talk Fordy because he knows what he is talking about. Rather than try putting him down why not take him on with some of your own expertise
Hi Jimmy,
Don’t know why you bother with your eloquent and detailed realistic summary’s tbh , majority of this lot only want the likes of GRH of Arabia and his disciples proclaiming guercif as the largest given hydrocarbon reservoir structure since GRH single handidly discovered Ghawar in the 50s. No questions or concerns are allowed here ,no need for 3d , no need for flow testing, no need for any concern whatsoever ever…. We will 100% rerate and remorph into a Serica esque company of course, we may even get swallowed up by Saudi Aramco due to our leaders connections there..We were meant to be drilling in April, now likely July or even August from chatter on telegram, no update in our sand jet or CT spread as yet . Hopefully we see some good news next week.
According to the Jan 2024 RNS update the Sandjet took place Feb/March 2024, I wonder what the flow rates were…?
Porters,
If I knew what porters technical points were I could address them, just don’t know if or what he disagrees with.
J
I will leave it to the experts who are doing a very good job of highlighting the agendas.
You don’t need to be an expert in a particular area to be successful.
You need to listen to the experts and with life skills make your own informed decisions.
If you listen to the interviews that Paul has done, look at the information out in front of and make some simple equations you can see through the noise and nonsense.
We have to prove it to the market etc and that will come imo.
Agree ford you don't need to be an expert to be successful but if your saying someone is talking nonsense you need to be able to back that up
So in this particular instance people are clutching at 3d etc etc and it’ll take time etc etc and missed time frames etc etc.
Paul has addressed all of this as have other shareholders.
Time to monetising assets is chalk and cheese.
What happens we do not know and there are risks of course.
Every single negative that has been regularly posted on here in my mind I have a reason or explanation for it. Not only answers from the company and answers from other knowledgeable shareholders but also the process that I understand we have to take.
For others that don’t perhaps see the full picture as some of us that have been year for a few years it is important for them to understand the agendas that are constantly pushed.
I suspect the trolls will be quiet again soon as the share price rises.
Ford.,Hbob.
My only agenda is to see a higher share price, which I expect to occur from flow testing from sand jet perforation.
I invested in prd, because I believed pg when said he was going to perforate by sand jet and progress to cng to generate cash, still patiently waiting.
With regard to 3D , you may of course disregard my views, but it’s harder to disregard the requirements of onhym, who require 3D in the second stage of the licence, then again perhaps you know more about the licence than onhym.
Jimmy
Nobody is saying that 3d won’t be needed or indeed done at some stage.
Do we need it to make money/sell equity or generate cash flow?
It doesn’t surprise me at all that Chariot shareholders are trying to realign themselves and invest in prd.
I do not know you at all and wish you all the best.
With regards to my opinion of grh, his expertise and generosity of sharing his knowledge my gratitude could not be higher.
He has predicted in advance the fortune of many companies and kindly publicly shared these opinions.
I decided to listen to an expert and ended with a decent 5 figure profit as apposed to sitting on a 5 figure loss.
While I do not invest based upon anyone else in that instance he knew better than I and lots of others.
I strongly suspect that the likes of Grh, Keith, others that I will not bring into this and more importantly Paul and Lonny who have a wealth of experience will no doubt know a lot more than 99% on here.
I like to listen to them, talk to them, support them and be invested alongside them.
People often forget that Paul and Lonny have put their money where their mouths are and have done an incredible job so far.
Whatever they deliver people will moan, just the way most are these days.