The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Aside of being a consultant for UPL's Sarawak opportunities going back some time, Roberto's Tunisian regional experience, includes being Technical Director for Independent Resources: Ksar Hadada block.
A face to the name...
https://twitter.com/_amnesic/status/1277488057227362304
Indeed copperpot. Last year's news of extension of the in country gas supply network to feed/encourage domestic/industrial markets in northern Tunisia was also of interest.
https://twitter.com/_amnesic/status/1145255614571896832
Perhaps new things to add interest locally soon too.
ATB
ETAP have been back at work since the lockdown and have also made some minor updates to their website.
Open blocks have been summarised to a simple list and each now has a simple reference number.
http://www.etap.com.tn/index.php?id=1184&lg=3
(Sadly, links to further detail on some of the blocks have been removed)
A new page summarising their most recent promotion activies (exhibitions/conferences/data rooms), including mention of their attendance at APPEX in London back in March.
http://www.etap.com.tn/index.php?id=1631&lg=3
... and their E&P News journal (which is now a year old)
http://www.etap.com.tn/rapports/E&P_News_Juin2019.pdf
Here's a handy map of Tunisia's blocks.
https://snipboard.io/pRVNQ7.jpg
(2018 - so some blocks have been redefined/renamed since it was produced)
See posts here and your other board, of 4-May
KUALA LUMPUR: Prime Minister Tan Sri Muhyiddin Yassin today announced that the Conditional Movement Control Order (CMCO) currently enforced will end June 9 and will be replaced with the Recovery Movement Control Order (RMCO)
https://www.nst.com.my/news/nation/2020/06/598700/cmco-end%C2%A0replaced-rmco-until-aug-31-am
#UPL Sarawak: “New chapter for oil and gas sector after Sarawak, Petronas agreement” | New Straits Times
https://twitter.com/Uplandtweets/status/1263057273640890369?a=19
Some reasoning to suggest the large European E&P company may be Equinor
https://twitter.com/_amnesic/status/1257311968236429314
Hi Team. That's an interesting idea.
This tweet has a map showing the relevant blocks, and who picked them up, from 31st licensing round.
https://twitter.com/_amnesic/status/1135822767566331904
This tweet has a map showing who else is in the area (before awards).
https://twitter.com/_amnesic/status/1129052389242228737
CP mentioned in early November a desire to achieve a farm-out of the IMF blocks.
Corallian mentions same later in month.
https://www.energyvoice.com/oilandgas/north-sea/212650/corallian-targets-2020-ipo-and-plans-farm-out-of-north-sea-prospects/
I know CP was in Norway on 28-Nov, apparently Fornebu/Lysaker area, but reason unknown then. But now it seems... https://www.equinor.com/en/where-we-are/norway/how-to-find-us-in-oslo.html
Peninsular Malaysia
Risk management practitioners have urged the Government to reconsider its decision to ease the movement control order (MCO) allowing most businesses to fully operate on May 4
https://www.malaymail.com/news/malaysia/2020/05/02/am/1862379
Sarawak
Sarawak has decided not to allow the reopening of businesses on May 4
https://www.malaymail.com/news/malaysia/2020/05/02/am/1862392
The Tunisian government will start relaxing its coronavirus lockdown next week, reopening parts of the food and construction sectors. Half of government employees will be allowed to return to work.
https://www.rt.com/newsline/487239-tunisia-government-reopen-economy/
Corallian updated their website with a new brief summary of Dunrobin & Golspie prospects.
https://corallian.co.uk/dunrobin
Quoted statements from Corallian, as used in today's RNS.
https://snipboard.io/mK1f4Q.jpg
Hi copperpot. Hope all's well with you! :o)
The Petronas vs Sarawak tax case opened today, and concluded quickly...
Victory for Sarawak as Court dismisses Petronas application for judicial review on SST (Video)
https://www.theborneopost.com/2020/03/13/victory-for-sarawak-as-court-dismisses-petronas-application-for-judicial-review-on-sst/?s=a
Adjacent to the southwest corner of the Saouaf block, sits an earlier discovery, Oued Bahloul.
Although a couple of kilometres outside the block it was marked in Upland's Saouaf CPR.
https://snipboard.io/XWle7Z.jpg
About a year ago, the following research paper was published, relating to that area:
Seismic stratigraphy and hydrocarbon prospectivity of the Aptian–Albian succession along the Oued Bahloul Basin, Central Ouest Tunisia https://www.researchgate.net/publication/330883889_a_OuedBahloul
This paper was based on ETAP 2D seismic data, calibrated from local well data.
Prospectus, including Saouaf CPR
http://uplandres.com/pdfs/Upland_Resources_Limited_Supplementary_Prospectus_Saouaf_Licence_3.pdf
Hi mike
Malaysia - Yes, to some extent it may be a waiting game for politics wrt the Petros/Sarawak angle, but there's also some work towards other potential assets in Malaysia (which aren't dependednt on the politics).
Additionally to Malaysia, there are apparently 2 or 3 opportunities being pursued elsewhere in SE Asia.
UK
Inner Moray Firth was low cost and low commitment. Corallian operating. From RBD news, the status is Dunrobin well location was being planned and farm-out process was due to launch in December. Corallian were looking to IPO later this year. How firm that looks now, who knows?
https://www.energyvoice.com/oilandgas/north-sea/212650/corallian-targets-2020-ipo-and-plans-farm-out-of-north-sea-prospects/
Hardstoft - anyone's guess when Ineos will move on it, but was told that at least they were not passing any of its costs on to the partners.
Hi Serif. Last year's was 6-Mar. But earlier years have seen it released any time between 23-Feb and 30-Mar.