The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I must say, I hate tender processes, as have seen them throw up the wrong result so many times, but as the only people who have ever made this work in the locale, we must have a massive chance of winning this.
Afternoon...
I am sorry to say that I have not been following this aspect of the PRD business
quite as closely as I should
Wow...these EOI criteria really are quite something
Having now read the document, I think that PRD may submit an EOI
either in collaboration with another company
or indeed via a formal JV with a financially robust partner
It appears a welcome hallmark of PRD
that they envision/activate the deals (and WHAT deals they are)
and then bring in 'muscular' partners
I wait ... with mounting interest...to hear what happens next
Thanks to all the great posters on here...you KNOW who you are
Regards
GRH
Interesting that the Pre-Qualification Criteria states:
"1. Technical capabilities: The Applicant should highlight specific technical capabilities they possess either by themselves or as a part of a consortium. As such, Applicants are required to submit evidence to support the following:
a) Details of IOR/EOR projects undertaken over the last 15 years. To include structure, sand, pattern maps, injection/production profiles/summaries, monitoring plots/techniques."
Wonder how many of them there are. Surely we can get our fingers deep in this pie?
https://heritage.co.tt/wp-content/uploads/2021/10/New-Sublicence-for-EOR-IOR-Onshore-HPCL.pdf
"The interested Applicants should evince interest to participate in the EOI by submitting the above documents
and details for pre-qualification via email to BusinessDevelopment@Heritage-tt.com by the deadline date of
December 1st, 2021, 11:59pm (AST).
Following submissions of EOIs, a shortlist of prospective partners will be developed who will be given the
opportunity to submit a detailed technical proposal via a Request for Proposal (RFP) process. At the RFP
stage, short listed candidates will be granted access to the relevant data via a virtual data room (VDR), subject
to required obligations of confidentiality. Proposals would then be evaluated, and a preferred Applicant
selected with the intention of signing of a commercial contract (sublicence agreement)."
Deadline for eoi to be lodged with heritage to get the eor gig across their portfolio is 2mrw. I think we are in the mix with lease operators for that?
It's gone very quiet on Lease Operators....?
Evening Nico ...
It appears rather obvious that CEG/CERP have not met the conditions of the IT IPSC contract they have with Heritage therefore the license should be revoked and revert back to Heritage who (I think) will look to award to a credible operator.
PRD as we know have already intimidated to Heritage that they wish to be considered if the IT license were to become available.
Given T+T Government stated aim of employing CO2 EOR worst case for PRD would be to continue CO2 EOR at IT with a different Operator. For me the 'obvious' best all round outcome for T+T Gov and Heritage would be to award the license to PRD ..... but I would say that ;-)
ATB,
Vegas
We could be in for more good news in December as the licence for Innis-Trinity is up for renewal, and I believe we are owed nearly £0.5m. Unless they have access to a buried treasure chest, CEG will be unable to pay, could we take over the field I wonder?
CEG are in serious danger of going under and have an awful lot of more powerful creditors than us lining up e.g Baker Hughes, Stena..to name but two. However, I'm pretty sure that they all have contracts with CEG but our contract is with CERL who own the Innis Trinity licence through FRAM.
I posted a few weeks back that Columbus Energy Resources Plc were actually still a going concern, and a subsidiary of CEG. I was wrong, last December they became Columbus Energy Resources Ltd, they are a subsiduary of CEG and they control all the T & T assets.
Sure this will get messy, but if I'm correct, the T & T assets are the only part of the business worth anything and we have first dibs when they go under as our contract is with CERL. Stena's, Baker Hughes,' etc is with CEG.
Is anyone any wiser? This is obviously just my take, and my glass is brimmingly half full after the Irish Government finally waking up and smelling the coffee.