Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Apologies if this has already been posted. A very brief summary of the Irish Renewable Energy conference on 25 Feb. A mention of their 'modern gas grid' and the opportunity to introduce green hyrdogen in to it
That indicates it's not getting shut down any time soon.
https://www.irishtimes.com/news/environment/reducing-state-s-emissions-by-half-over-next-10-years-feasible-1.4495373
Thanks Sefton - you’re 100% right there about priorities! This BB though is miles better than anything else I’ve seen. Good balance and range of backgrounds. It’s also a very useful resource when my wife begins the weekly inquisition about why I’m not selling...
Hi MEM,
You would be one of the least likely cretins I could imagine.
There are some seriously informed and clever people on here and your posts are certainly ones I really look forward to reading.
As for LochNez, congrats on your daughter's first birthday! There is way more important stuff in life - like daughters, girlfriends, boyfriends, etc - than getting too hung up on trivia like BB's (though they can be valuable - and, in this case are).
Hi All, have just caught up after quite a while of only dipping in for a quick read here and there (newborn daughter keeping me busy). Hull tiger, hope you’re recovering, S82 - good to see your stuff again - rest of the usual suspects posting some great stuff as always.
MEM your franchise idea is very interesting - mostly because I toyed at a very conceptual level with the idea almost as you described it. As a younger guy (relative to the world of oil and gas), and with a network in some interesting ‘marginal’ oil & gas areas, I do see opportunities a bit like you described for collaboration. Without discounting the idea completely, I came to the conclusion that the ‘franchisee’ in the scenario possibly doesn’t gain enough from the partnership to make the contractual concessions/reduced upside worthwhile when compared with the geological risks alluded to by GRH (there are more risks to consider also). My opinion is of course certainly not definitive, but for reasons I shared before, and also some you mentioned (software available to market, contract hire reservoir engineer etc) I think someone entrepreneurial with expertise in the field could replicate the business model alone, starting with the masterstroke of securing a significant CO2 supply close to target fields. That’s not to say PRD wouldn’t add value, far from it.
GRH - you are smack on the money with the geology element (and indeed all of your posts). Particularly agree with the view that even if PRD can expand globally that it is not necessarily attractive for them. I’ve thought for a while now that in spite of the 11/12/13 interested parties mentioned in various RNS, we might not see a particularly high quantity of CO2 deals struck in the near term, but that they would be very high quality deals - simply because PRD can afford to be selective and focus their efforts on high quality opportunities with partners that offer the most attractive commercial terms. Right now I would liken PRD to the best looking girl in a provincial nightclub - everyone wants to dance, but she doesn’t need to entertain substandard suitors! Absolute game changer of course if the government mandate comes in, as then the commercial conversation becomes even more dictated by and derisked for PRD. Qty of deals of course increases to the entire T&T asset base.
Great to see some sustained positive trend on the SP in recent weeks, just for morale for now as most of us share a view on where this could go - I have a feeling by the time I am celebrating my daughters first birthday, this share may have had a transformative effect on her future.
Hi S82,
Is that me you are referring to ???? 'in a world of cretins'
Guilty, good point, well made :)
This cretin has bought a few PRD, and I intend to buy many more, the story just gets better and better.
Remember my projection of a 300 bagger when the SP was 3p. Maybe less of a cretin and more a village idiot. FYI to gain a flying Licence is a certain South African country, you have to spend an hour talking to a 'trick cyclist' at the end, he completes a form stating in his/her professional opinion, you are not a village idiot !!
I only just passed :)
Good afternoon Grh et al....
Wholeheartedly agree with Grh about Row....it's a big place, i have been around it quite a few times :) but in my thinking, Pg has pulled off one hell of a catch in T&t due to co2 availability/exclusivity etc, unfortunately though there are a lot bigger companies in the big world out there doing co2 eor, and have been doing such for a lot longer than us and on a far grander scale.... in my (very basic) opinion,i think we would be struggling to compete against them on the very big stage.Also bearing in mind that Pg wants to monetise quite a few of our assets in medium term, would we really want Pg to try to compete with the big boys? He has done this company proud and hopefully will continue to in near, mid term, so would he really want to take on yet another large project before retirement?
By the way, if anyone has the time, inclination and wherewithal to do it, has anyone figured out the best/worse case scenarios for T&t ....Morocco....would be interesting to see, seem to remember that someone put up (mem perhaps?)how much bcf was worth to Prd etc.
Anyway, thats my tuppence worth.going out to gaze at clear blue sky(hereford) and wonder why i'm not up there chugging along .....Grrrrr
Gla
Stay safe
Bdt
Great stuff, GRH,
What a great note to finish Sunday afternoon....
In a world of cretins, it is so good to see your stuff.....
Afternoon all
Some good posts ...thank you/joy to read
As to deploying EOR in RoW...
Just one bloke’s view:
I am NOT as enamoured as some here...re global expansion...
Far from it
There are key elements re the geologies concerned
I have tech Papers that could fry brains...
Let’s just say that it was not a ‘given’ that the existing TT project could or would work...
the fact that it worked ...and worked WAY above expectations
has been an enormous fillip to PRD...
A FILLIP THAT IS NOT YET REFLECTED IN THE SP...
FAR FROM IT
But PG et al had to work at it...
after all, people were talking about doing similarly in TT for the past 25 years
BUT THAT WAS WHAT IT WAS ...TALK...
then PRD rocked up/partnered with Massy/rolled up their technical sleeves
delivered the goods
FORESIGHT is required in business
and my reading of PG when I met him (at 10 Basinghall Street...formerly for very many years my old haunt The City Circle)
was and remains that he has that in bucket loads
I happen to think (I could be wrong) that he parted company with some folk who were not (lets be polite here) as astute as him
I alluded to that on here MANY months ago
But I think it is a BIG factor
IMO there is no doubt in my mind that Massy/PRD/TT Government/others
will be in discussions about mandating this tech for all field extensions/rollovers etc
Were I to be correct (I could be wrong)
the resultant RNS would need Michael Caine at his most laconic to describe the resultant performance in SP
I tend very much to the view that PRD is indeed in the right place at the right time
REALLY at an incredible confluence of factors in the timing of the green movement
BUT
you know what?
I reckon PRD does not need to go globe trotting to make fortunes
PRD has all it needs and more right where it is now
and I am only talking about TT/close by
I am not talking about Eire
And I have avoided even mentioning a certain North African location
I have a price on this that... if I am right...
could make PRD one of the best performing shares of all time
(my benchmarks are pretty high ...as some will recall from other shares)
Some silly folk were calling me names when I was buying PRD at sub 1.5p
Yes...there is risk
Yes...a few things have to align
DYOR
Do it again x10
Don’t sweat the small stuff
ATB