Member Info for Caterham7

https://www.proactiveinvestors.co.uk/companies/news/996009/kefi-gold-and-copper-to-put-the-pedal-to-the-metal-at-jibal-qutman-and-tulu-kapi-996009.html

Possibly some read across to CTL?
https://www.reuters.com/markets/us/us-steps-away-flagship-lithium-project-with-berkshire-2022-10-05/

Surprised this hasn’t been posted earlier today.
https://www.reuters.com/markets/commodities/coal-rush-energy-crisis-fires-global-hunt-polluting-fuel-2022-09-20/

Hello Paul - I assume you occasionally take a look at this BB! It appears the two of us have a lot in common. Im a Geologist with 30+ years O&G experience (mostly large FTSE companies). I worked a fascinating Exploration project in Morocco for several years in mid-late 1990s, and was seconded into ONAREP's (became part of ONHYM in 2005) offices in Rabat for several months. I was part of the team that helped Morocco write its modern hydrocarbon tax code (none really existed till that time), the basis of which will hopefully stand Predator in good stead when Guercif is a big success. Really like look of Guercif project, and your strong moral compass! My wife and I now have over £100k invested in PRD, so please keep doing what you are already doing. Would really like to meet and chat at a future investors meeting. Cheers

My first post on PREM BB. Has GR given any indications as to timing of DFS publication? If not, what is general consensus on this BB? Thanks

RT003 - please can you detail Angus’s fracking projects you mention in Sunday Morning post.

People need to clarify what they mean by ‘10% chance of oil’…..

10% chance of encountering oil shows?

10% chance of encountering pre-defined net pay thickness in well logs?

10% chance of flow testing oil to surface?

10% chance of maintaining commercially viable flow rates on test?

10% chance of commercial oil development?

Good post KOz. My calcs are giving 80-100p per share just for Morocco. I’m not sure how inflation will impact discount rate, hence the range. What people need to understand is that the Morocco CNG project has much lower project execution risk than the usual AIM snake oil ‘10 bagger’, and PG does good job of describing this. I have a few typical moonshot ‘10 baggers’ in my portfolio to which I assign a 10-20% chance of success. PRD on the other hand I’m comfortable assuming a 50-60% chance of commercial success. Best risk reward I’ve identified in a long while.

Genuine topical question. Ive got 1.9mln ANGS shares, am a O&G Geologist, and thought that was the point of this BB!

What are peoples thoughts regards Liz Truss's Energy Package being positive or negative for Angus? My suspicion is that the price at which Angus can sell gas will be capped at 200-300p therm, but the Energy Levy Tax (Windfall Tax) will be reduced.

I slept in the same bed as Bill and Hillary Clinton! In 1998, I flew out to Cape Town to present a paper on oil and gas exploration in Morocco, at the annual Energy Africa conference. I checked into the fantastic Cape Grace hotel, and was stunned to find out they had booked a lowly Geologist into the suite that the Clintons had vacated the day before. Unfortunately my life of luxury peaked over 20 years ago!

I haven’t been following the Ireland threads on this BB in detail, so apologies if my point has already been raised. I read that Ireland won’t import LNG from US, because it might contain fracked gas. However, it’s looking like both of our potentially new PMs will support Fracking in UK. So does this mean that Ireland will stop gas imports from UK, or alternatively, force Ireland to reconsider its block on LNG containing fracked gas, which could be favourable for PRD?

Also, I hold a considerable investment in PDR for their Morocco project. Im a Geologist with 30+ years experience in Oil and Gas exploration business. In 1990’s I worked on a project in Morocco for three years, was seconded into ONAREP’s office in Rabat, lead Toyota Landcruiser convoy of Geologists up into Atlas Mountains, and down into Western Sahara where we inadvertently walked into an unmarked Polisario landmine field! Very fond memories of Morocco, it’s people and it’s geological potential. Really liking the risk reward of PRD Morocco asset.

Followed by a £13k sell at 1.26p

Why didn’t PPP just take over UPL if MC is only £2mln? The deal as it stands means that PPP carry UPL seismic costs, which isn’t cheap, and PPP may only end up with 40% equity in Tunisia.

Good news for fracking projects - both Sunak and Truss are pro Fracking.

Really hoping Harry has turned the corner.

Thanks - has there been any mention of alternative funding routes in the event the Chinese walk?

Im doing some DD research on Oracle with a view to investing. Given that China has started cancelling funding of some international coal projects, has CEO clearly stated that CPEC will definitely 100% back the Thar project?

https://www.grid.news/story/global/2022/04/28/chinas-promise-to-stop-building-coal-plants-overseas-is-full-of-caveats-and-loopholes/

I was heavily invested in NCCL coal project, but that has gone t*ts-up since Chinese backer pulled out recently.

Bodes well for future realised gas prices https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Doubles-2023-European-Natural-Gas-Price-Target.html

Bodes well for any discovered and produced Morocco gas https://oilprice.com/Energy/Energy-General/Goldman-Sachs-Doubles-2023-European-Natural-Gas-Price-Target.html