The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Meat pie, Sarah Dees,
She has an admirer in Dog With Fleas.
Destroyer,
No, I'm happy enough as a single chap. I'd probably end up being another Trellis is I ever dipped my toes into the world of marriage. Life's too short to get married and be stuck with one nagger when I can have plenty. Variety is the spice of life.
You lot are deluded. I'm keeping a very close eye on how things pan-out here and from where I am window licking, it doesn't appear to be all that grand. Anyways, I'm off to test drive another car and then onto the gym for my daily work out and swim. Maybe some of you should get a hobby. Hanging onto every word I type. They are MY opinions and not YOURS, so let me have my say. If you don't like what I have to say, then please filter me. Nuff said.
I would expect Brian to have access to 'inside information' therefore he would be prevented from disposing of his residual shares (after settlement for tax/NI), while he's in posession of such price sensitive information. This would apply even if he were to remain in posession of price sensitive information even after he leaves the company. i.e he'll still post exit be subject to Market Abuse/Share Dealing regs.
Jizz, state facts, Brian is just selling enough to cover NI and tax contributions. James Argent is still with the business as far as I know and the next 5/6 drills have already been identified. As far as we know the JV partner probably have their own geological exploration team to take over. If you are not invested why keep coming here ??
Jizz, state facts, Brian is just selling enough to cover NI and tax contributions. James Argent is still with the business as far as I know and the next 5/6 drills have already been identified. As far as we know the JV partner probably have their own geological exploration team to take over. If you are not invested why keep coming here ??
Jez have a read of your post then ask your self the following questions
1. Does the post actually contribute anything new to the issues
2. Is the post informative and have any factual content I.e facts I can prove
3. Is there any point to the post
FWIW I don’t post because I have nothing of value to add the situation is what it is and whether we like it or not people are going to have to let go and move on including yourself jez
There is going to be no compensation for long term shareholders who have lost money or apologies issued by the company
No Valentines meal for you Jez as in your make believe world, your just a fat fool living with a window licking brother in a flat above a chippy currently unemployed with no future job prospects. Even In your make believe world there is absolutely no chance of you ever meeting anybody to share a Valentine’s Day meal with......
If you think there is going to be loads of drilling and exploration, then why oh why is hour Exploration Director, leaving on March 31st? And the shares he has been allocated, as per the recent RNS, he will be looking to sell into the market before he jumps ship. Charming! The rest of them have already lined-up their severance pay-offs and have pre-arranged dates for when they are jumping ship. The only one left holding the crying baby is Marco and that's because there is circa 30 million EUROS owing to his company. It's pure comedy playing out in front of your very eyes and there are still some amongst you who are holding on to what little hope you can find. It's desperate, guys and gals. Don't allow yourselves to stoop to these depths. If ever I saw a dead company then this one stenches of an imminent death. They must be bricking themselves about the SAG too and the work that Trellis is doing behind the scenes. It has surely spooked them and that is probably why they are grabbing what they can and bailing. It reminds me of that Wolf Of Wall Street film and ironically one of them has already ended-up in Switzerland.
February 14th aka 'National Impotence Day' is fast approaching and the vibe that I still get is one of doom and gloom and a no deal scenario. Pack those blue pills, chaps. I think you're going to need them. I can't envisage there being too much romancing going on that night. No candlelit dinners, no fillet steaks with béarnaise sauce, no large glasses of Malbec. Just faces being slapped, divorce papers being exchanged and broken plates.
Tick...tock.....tick....tock...…
JTF
Totally agree Jones - Also just find it a bit odd that Marco has taken this on - where will SOU find the money to pay him back - if it is contingent on East Morroco coming good then why the radio silence regards SM?
It's a chicken and egg situation with signing of the GSA and the tendrara JV deal, not sure which comes first.
So can we be cautiously optimisitc?
Is the supressed SP partially due to the lack of clarity regards practically everything related to this company (SM/Tendrara/partner et al)
We have had a higher SP for less potential in the past.................
It has been confirmed that due to increased connectivity only an additional 4/5 wells are required. Te6,7 could go straight into production.
(Correction: on second thoughts it would probably take a couple of years to ramp up to 20 bcf as that would need a double-digit number of wells).
You can see how the Tendrara gas could be the lifeblood of Morocco. They produced 3.1 bcf in 2018 and only project to produce 3.4 bcf (96m cu.mtr) in 2020. Without any additional discoveries the TE-5 horst alone could produce 20 bcf annually starting in 2021 -- closer to a half than a third of current national consumption. Morocco needs this like nothing else and, apart from maybe some haggles over price after the first 10 bcf, must be enormously in favour of getting the current deal over the line. Let's hope that SOU have chosen a reputable partner to do business with. If so, I am cautiously optimistic about its prospects.
A 120-km natural gas pipeline is set to be constructed in Morocco. This is after the nation’s Ministry of Energy gave British industrial company Sound Energy approval for the project development.
According to a statement released by the company, the project passed environmental impact assessment (EIA) done by the ministry and is only waiting to proceed pending negotiations with the Ministry of the Interior.
Tendrara Export Pipeline
The pipeline project project dubbed Tendrara Export Pipeline will cross the Matarka village in the province of Figuig in eastern Morocco and Jerada. It is expected connect the proposed gas treatment plant and compression station (CPF) to the Gazoduc Maghreb Europe pipeline (GME). The Maghreb Europe pipeline runs from western Algeria, through Morocco, to southern Spain.
The project will be under Build-Own-Operate-Transfer terms. The company is also in talks with the Ministry of the Interior to obtain rights for the pipeline through a long-term lease agreement for a 50 [meter] wide corridor along the entire 120 km length.
Upon completion the gas project is projected to meet 30% of the country’s oil demands. National production of hydrocarbons in Morocco is expected to reach 96 million cubic meters of natural gas and 4,300 tons of condensate by the end of 2020. According to the Moroccan Minister of Energy, Minerals, and Environment, Aziz Rabbah, by the end of 2020, the investment in hydrocarbon exploration will be around US $82.7m.
Morocco is a net natural gas importer, and its production is much less than domestic consumption. Morocco produced 3.1 billion cubic feet (Bcf) in 2018, and the country consumed 44 Bcf. A portion of the Maghreb-Europe Pipeline (also known as the Pedro Duran Farell pipeline), which transports natural gas between Algeria and Spain, passes through Morocco.