The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
https://finance.yahoo.com/news/era-cheap-natural-gas-ends-000000137.html
https://www.thetimes.co.uk/radio/show/20210802-4899/2021-08-02
Listen 54 minutes in.
Anyone try buying a million?
Great post Wacky, thank you. I have a question (I haven't viewed the videos, so don't tick me off :) ). From the annual report
"the GRF1 well had determined that the gross interval (equivalent to the lower Hoot sand, or TGB2a) between 1,386 and 1,413 metres TVD KB (27 metres) had up to 16.2% porosity and interpreted gas saturations in the range 37 to 51%."
Looking at the gas saturation figures, do the 1 to 3 % figures from MOU1 = gas satuartion figures and therefore are disappointing by comparison, or is that like comparing apples and oranges?
I appreciate they are still evaluating logs etc. from MOU1, but it would have been helpful if they had commented on any likely action post evaluation. For example once we have evaluationed MOU1 we will either plug and abandon or if warranted conduct rigless testing etc. etc....
Thanks again 2D.
https://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/063021-uks-infrastrata-abandons-plan-for-floating-lng-import-terminal-in-nw-england
Very different factors at play for this project, 2 of which are key. 1 The UK has 3 LNG import terminals already. 2. This project was going to cost significantly more than ours.
Interesting that they are still persisting with their NI project. Makes me wonder if our solution could trump there's and be an all Ireland one. Watch this space!
Nationwide are tiny though. Either they (or VRS directly) need to tie up with one of the big boys. Yes the UK market is big (and in decline), but some are assuming VRS become the market, that's not entirely required or indeed realistic.
https://www.ibisworld.com/united-kingdom/market-size/ready-mixed-concrete-manufacturing/#:~:text=The%20market%20size%2C%20measured%20by,%C2%A32.7bn%20in%202021.&text=past%205%20years%3F-,The%20market%20size%20of%20the%20Ready%2DMixed%20Concrete%20Manufacturing%20industry,average%20between%202016%20and%202021.
https://www.ibisworld.com/united-kingdom/market-research-reports/ready-mixed-concrete-manufacturing-industry/
And Stuart Young is making an address to them later.
More press https://www.spglobal.com/platts/en/market-insights/podcasts/focus/062421-drought-wildfires-challenges-us-power-market
Interesting to see Irelands annual gas demand requirements of around 5 Bcm/year being quoted. Someone could use that to work backwards and sense check the £26Bn over ten years figure??
Oh Nige, your love of a share is like bad medicine you just need to https://www.youtube.com/watch?v=eZQyVUTcpM4
Interesting tactics https://www.radiokerry.ie/news/8-new-data-centres-part-of-new-planning-application-for-shannon-lng-241072 but it makes them look even less environmentally aware.
Timeline for the Cork development plan https://www.corkcoco.ie/sites/default/files/2021-04/have-your-say.pdf
However, I think other factors on a National level could very well mean Mag Mell leapfrogs this timeline??
Our partners here are likely to be also used to import LNG into Morocco if we win that project (and it is a project to IMPORT LNG).
Even if we do find lots of gas in Morocco, we won't be exporting it as LNG by sea. There is too much local demand for it or an easier solution of sticking it in the Marghreb pipline to sell to Europe.
Looks like there has been enagement etc. with GNI. The missing bit of the puzzle at this stage is the end customer we have an NDA with. I think it will be one of the main gas suppliers in Ireland. The top 8 are Bord Gáis Energy.
Electric Ireland.
Energia.
Flogas.
Iberdrola.
Panda Power.
PrePayPower.
SSE Airtricity.
You can do wire logging as you go. The RNS wording implies that is happening, drill and wire log evaluation in 14 to 20 days. My guess for news would therfore be 12th July.
At least, so not overdue.
I'm now hoping for Trinidad news after result, if it comes before, it just alows deriskers an flippers a chance to get out and cancel out any benefit. And before anyone says they can't sit on news, that's not always how things work. Paul might know now he's going to sign a deal on a date in July, but it won't be announced to the market until it is actually signed.
Sorry missing quote close " after par value.
Before the company was floated it was acquired. "On 21 March 2018 the Predator Oil and Gas Holdings Plc acquired the entire issued share capital of Predator Oil and Gas Ventures Limited for a consideration of £537,085. The consideration was satisfied by the issue of the 53,708,550 new Ordinary shares of No Par Value. I think Paul's share holding mainly came from that, so he would have put up most of the consideration. When PRD floated on LSE the shares in issue increased to 100,137,150. This is all in the 2018 Annual report.
https://www.predatoroilandgas.com/wp-content/uploads/2019/05/Annual-Report-2018.pdf
The rest of you can find your own way from there to where we are now I hope :0)
You can't knock Paul for his original stake value, he is PRD. We are very lucky to have the opportunity to benefit from his success.