Member Info for Adon30

When I read the RNS this morning (slightly blurry eyed) I did indeed read the line "The Company has appointed Peterhouse Capital Ltd. as Financial Advisor." and thought that to be interesting (and timely) based on some of the previous discussions and comments on here. It did however completely pass my mind with the sheer amount of information given.
So thank you GRH for highlighting this to investors and providing the background and indeed significance of such an appointment to PRD.

https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/03/Predator-Oil-Gas-Corporate-update-7-March-2022.pdf

256m shares issued at 'mates rates' has not helped the cause short term. But come back in 6 months and see where it is then.

Too much gas produced so that has hampered any extended flows at 16-2

Deepsea Stavanger on the move so looks like it has just finished its latest job.

Kveikje next??

If all the countries in the world that have signed up to meet an agreed number of electric and zero emission cars on the road by the next decade actually achieve their target, do you know what effect that’ll have on the global temperature?

It will reduce it by one ten thousandth of a degree. That’s 0.0001 degC change.

Electric cars are just propaganda that everyday people see and think are making a difference. Biggest changes will come from energy production, industry and agriculture. Even insulating a home will have a bigger difference than a car.

March 14th.
10 days or 5 and a bit trading days....

As posted in reply to someone else’s query only yesterday….

When were last years results issued? and the year before, and the year before?

Interested to see what MEM has spotted and how they take it forward.
I had one of my suggestions to CH acted on and it is now seen in the RNS when they report results :)

Yes could easily bung a picture up showing the installation process.... or some seismic operations....
One of the compressors (we think) has been done but as you say no official notification. I can not find a copy of the Shore capital note that was tweeted yesterday to see if any other news. However expecting they are in news black out now (probably won't notice the difference) while the final year results are produced.

When were last years results issued? and the year before, and the year before?
When you have checked that you will know your answer and when they are expected....

https://twitter.com/SerinusEnergy/status/1499035041006981132?s=20&t=4O9vON7CdrVkVmywvLQCKA

Two interesting tweets that go hand in hand from methodology and Lonny, although covering slightly different parts of the world. But indicate infrastructure is key.
https://twitter.com/lseaim/status/1497935712049639428?s=20&t=KqPOyQdfIolDb0tu0FaCVw

https://twitter.com/lonny1971/status/1497111017188474906?s=20&t=8PqxoIwzp_ClOnniHxCRqQ

Join the dots….

The energy minister of T&T, Stuart Young, was recently at the GECF meeting in Qatar rubbing shoulders with a large number of Middle East and African gas producers (and potential gas producers). Various details on his twitter: https://twitter.com/StuartRYoung1

There are articles that have come out of it: https://t.co/zhon6hjM0z

The gist of it is that NG and LNG will play a major contribution to global gas sales (especially with the Russia/Ukraine situation) as long as countries develop the infrastructure to receive such gas. This will certainly benefit T&T via LNG. Several African nations are already ideally located to provide gas to Europe via new (and existing) pipelines. Those pipelines through Algeria have been mentioned and there is also another going through Morocco.
Several countries have expressed interest in floating LNG storage and import. Ireland and Morocco definitely have and possibly Spain (although theirs may be existing).

With T&T the Atlantic LNG trains are under negotiation with current sponsors. This includes Shell, and is one of the reasons I believe Shell is dragging its feet over Coho connection. Not that they don't want the gas but can use it better during negotiations. And LNG was a big talking point at the GECF meeting.
The price TXP negotiated at the time was not bad but yes it has gone up. However it does not mean they have to open the taps fully at these prices but can still provide a substantial income to TXP until prices renegotiated.

There is definitely a bigger picture being played out here.... Coho gas is a tiny part of it.

The seismic is 105km of new seismic not just reprocessing. But it will need processing also. It is scheduled on the work program as being across Q1 and Q2 2022 with three exploration wells planned from it over Q3, Q4 2022 and Q1 2023.

From the Arden report available on the company website:
"There is then a new 2D seismic programme planned for H1 2022 on the wider Satu Mare block, which is expected to support a new three well exploration drilling programme to begin in H2 2022. Success in the drilling programme could lead to new production volumes, either from tying new wells back to the existing Moftinu gas plant, or from building a second gas plant, on requisite volumes"

https://totalenergies.com/media/news/press-releases/namibia-totalenergies-makes-significant-discovery-offshore-block-2913b

https://www.upstreamonline.com/exclusive/-it-s-massive-totalenergies-makes-huge-oil-discovery-offshore-namibia-with-exceptional-venus-1-wildcat/2-1-1173419

Where has it been published that Shell have given the go ahead for Coho.....???

Shell are in talks with the Government over the Atlantic LNG Trains....

Need the paradox gas situation sorted quickly and the oil flowing from state 16-2 asap. That will get the SP ticking.
They have the funds now to develop this and needs moving forwards.
We were originally told state 16-2 would be producing last autumn. The extra gas that is being produced has caused a conundrum so they need to clear that barrier and make it happen.
Reserves reports and hedging of oil prices are only going to help the '5p churn' in the short term. Need the real news to get the company back into gear.

Didn't think of the CO2 production from the gas turbine. I wonder what they plan to do with that? Offset it with credits or capture and use it....

Also this one with a bit more info
https://www.energyvoice.com/oilandgas/middle-east/exploration-production-middle-east/389664/delek-newmed-leviathan-morocco/