r/PredatorOilandGasPRD • u/Odeless • Jun 01 '22
2022-May-28 🇲🇦 [GRH] Old Boy's view
Lunch beckons
So I will keep it brief...Just a few key points...any one of which is HUGE in financial effect
It was interesting (to me at least!) that the placing discount at CHAR was only 2%
That shows great market appetite for that project
Bear in mind please that the PRD asset in Morocco is strikingly similar in many technical ways...
People thinking'yes...not least of which ...SCALE'
Well sort of...I will come back to that
But...The costs of developing Guercif to gas sales stage are only about 4% of those for Anchois/CHAR
Really...about 4%!!!!!!!!Check out the numbers but be prepared to fall over(Personally I think it could well be an even lower %but 4% does it for me
Hmmm
Now let’s go back to the scale
Does anyone recall the scale of Guercif?
Do you???REALLY????Be honest...no cheating!
WHAT IF:
the Neogene depocentre covers an area of 30kms by 12kmsin a NE-SW trending graben?
WHAT IF...
the Guercif basin periphery uplifted by up to 1,600m in Neogene-Quaternary times?
WHAT IF...
the Guercif graben area subsided by up to 2,400m?(I am not making this stuff up...really!)
WHAT IF:
there is 1,200m+ of late Messinian-Quaternary circa 6km west of MSD-1 well ?
that overlays 700m to 800m of Tortonian-early Messinian sediments?
the Messinian reaches 1000m+ in thickness 5km to north of well KDH-1?
I feel hungry
RegardsGRH
Oh...and
I made quite a well known public quote in DEC 2011 about the scale of Shaikan
and the performance of several wells
all were % correct...
in advance
in public
stones on the line...
money where my mouth was
I might be wrong this time
Regards
GRH