Recently released ITR if of interest:
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2024/01/Guercif_-ITR_20240124.pdf
Trek highlighted the regs issues in Ireland and Trin, i agree, but for now i dont see either of these projects having much impact on the SP, unless its a surprise to the upside.
Ireland is firmly in bonus territory. Eamon Ryan (Greens) is the minister with oversight, until he departs there is unlikely to be any meaningful progress on Corrib - which is why i posted the development the other day as it was rather surprising.
Noticed EOG got an extension for Inishkea, so perhaps Minister Ryan is being pushed to act?
But yeah, lots of hoops to jump through, Shell backed out of a deal in Ireland recently due to the government mishandling.
Similarly, Trinidad is really only a side-show at present. The main play is Morocco, and the SP hinges on success or failure there.
Yeah, testing should be underway by now for PRD Tro.
First round using conventional perforating guns. Second round using sandjet, which apparently is better where down hole conditions are difficult.
Wild price action today (by conventional standards) MMs jacked it up on nothing much early afternoon, resulting in a flurry of buys later from those wanting in. MMS need to learn that a rising price draws traffic, dumping the price on insignificant volumes doesn't.
Sorry, wrong one. HE1 here:
https://youtu.be/Hg6Bc_iGs-k?t=332
Yeah good Post nom, and i agree.
I just wonder if the complete collapse of the Tory party might be more problematic than it initially appears. Their voters aren't going to vanish along with them, do they all rally around Farage and Reform UK, does Reform become the official opposition, we are then heading for a Le Pen style situation at subsequent elections.
By fiscally prudent traditionalists, i mean those that see themselves as such, as opposed to their populist counterparts, (irrespective of actual outcomes).
Thanks for posting the video Tro,
Competition with PRD for the industrial gas market in Kentira then, and gas-to-power in due course imo. PRD going the CNG route, CHAR via tributary pipeline, both looking to feed into the SDX pipe where capacity exists.
PRD - first round of testing to commence this week. Looking to prove up 20+ mm cfgpd
CHAR - due to receive $10 million (+ a further 15 on FID) from the Energean deal, the 10 sounds imminent so possibly available for drilling?
Average well costs for PRD are around 2.5-3 million for reference, one would presume similar costs for CHAR given their proximity to one another and the geological similarities.
Hey nom, watched the Marr vid (thanks).
The UK electorate has historically been centre-right.
Whilst the Conservative party, in present form, clearly isn't centre-anything, it still represents the home for all moderate right leaning MPs - fiscally prudent traditionalists, even if they now have little influence.
Removing the centre-right from the electoral map in terms of a voting option could just drive more voters into the arms of extremists.
Where does a Dominic Grieve or a Rory Stewart fit into the political landscape going forward? Does removing the school of thought they represent from the political arena take away the ladder to a more moderate position, for those presently in the thrall of the populists.
Or perhaps the party is simply changing to better reflect what its would-be voters now want? A kind of Trump-light, and there aren't any votes left for moderate, right of centre thinking MPs these days.
Good start to the week!
Wondering if the rise here might signal a bit of a turning point for the small-cap space. Its certainly giving PIs a temporary boost, adds a bit of liquidity into the market, winnings get redistributed - and going forward might give pause for thought before selling into every tiny rise?
BEM and GMET, both having had decent moves too.
German Consumer Morale Unexpectedly Drops
The GfK Consumer Climate Indicator for Germany unexpectedly fell to -29.7 heading into February 2024 from a downwardly revised -25.4 in January, and below market forecasts of -24.5. It is the lowest figure in 11 months, amid declines in income expectations, propensity to buy, and economic prospects while propensity to save hit its highest since August 2008.
Zak on HE1.
https://youtu.be/yrlcs7YYWoY?t=391
Tro,
Interesting snippet from todays RNS.
The Company has received since its last operations update a communication from the GeoScience Regulation Office ("GSRO") at the Department of the Environment, Climate and Communications informing the Company that consideration of its application for a successor authorisation to Licensing Option 16/26 Corrib South is hoped to be concluded during Q1 2024 and that the GSRO would be writing to the Company shortly in relation to this matter.
Comments.
"Ireland has taken us by surprise. We remain cautiously optimistic that we potentially have a partner for Corrib South in the event a successor authorisation is awarded. There is no guarantee that the conclusion of the GSRO DECC process would necessarily result in a positive outcome for the Company. Corrib South is a quality exploration asset adjacent to the Corrib gas field infrastructure and was formerly held by Shell under a Reserve Licence authorisation."