Member Info for colon

I would hope that we get some update, informal or otherwise, before the end of next week.

Excellent video

And King Charles III has some cheese 🤣

Nice 110% rise this week. Somebody paid 6 at the bell.

No surprise

Poetry! 🤣

It's always good to have your local insight, rosso123, thanks! 😊

Good info and potential good news for Predator.

Playing Devil's Advocate, I'm asking myself what else could ONHYM be gearing up for? They seem to be leaning towards exploration and development with their new hirings. Perhaps they are planning to do a bit of exploring off their own back? They certainly wouldn't have any hold ups with administration, licenses and supply chain.

Alternatively, I am keeping my eye on the Tendara field in the East of Morocco. A press release shown on here earlier in the year showed Morocco investing in gas infrastructure and facilities across the country, as far as Tendara.

Tendara was operated by Sound Energy, who still have an interest. "The subsidiary of Sound Energy plc sold to Managem SA, previously named Sound Energy Morocco East Limited has formally changed its name to Mana Energy"

A press release from Managem in June 24 states:

"The gas development plan for the Tendrara project is structured in two phases:

 Phase 1: Currently under construction, this phase aims to produce 100 million cubic meters per

year of Liquefied Natural Gas (LNG) from mid-2025. It involves setting up a processing,

liquefaction, and gas storage facility to serve the needs of national manufacturers.

 Phase 2: Currently under feasibility study, this phase plans for the construction of a processing

facility and a pipeline that will connect to the Maghreb-Europe Gas Pipeline (GME). The goal is to

supply 280 million cubic meters of natural gas per year, thereby enhancing the Kingdom's gas

supply.

Press Release

The terms of the agreement provide for an amount of approximately US$12 million (approximately

MAD119 million), payable upon completion, in addition to funding of up to US$24.5 million

(approximately MAD244 million) of Sound Energy's share of financing in the implementation of Phase 2

of the project.

The overall agreement is subject to the fulfilment of specific Conditions Precedents, which include

obtaining necessary regulatory approvals.

With this acquisition, Managem expands its activities into the upstream exploitation of natural gas in

Morocco and reaffirms its ambition to become a regional player in the development and exploitation of

natural resources with low carbon emissions.

Located in the Eastern Province of Morocco, the gas assets portfolio covers an area of approximately

23,000 km². The Tendrara concession includes a 133.5 km² operating licence, granted for a period of 25

years from 2018, with estimated reserves of 10.67 billion cubic meters of natural gas.

Upon completion of the transaction, the Tendrara project will be 55% owned by the Managem Group,

20% by Sound Energy Meridja Ltd, and 25% by ONHYM."

Also in recent news was the collaboration between Morocco and Nigeria over gas supplies.

I'm just thinking that Predator aren't the only consideration for ONHYM at the moment, but I do expect positive developments in the coming months.

Lyndonparks, straight in the bin on your first day back at school. Well done. 🙄

Probably busy with his veggies. Hi Bob 😊

"Cove sold for £1.2 million what could PRD sell Guercif for."

BILLION 😵

Some fell on stoney ground 🙄

"Sorry, this post was removed by Reddit’s filters."

Hope you didn't reference Scun*thorpe. 🤣

I would like the share price to reflect the value of our assets, but personally I'm happy to wait for regular dividends.

Thank you for publishing the research note. It's definitely worth re-posting after being shuffled down by all the troll poo. 😳

Best wishes, Rob, and I hope you have a full recovery.

Having spent the day in glorious Northumberland sunshine, garden and re-potting, it's nice to check on the PRD board and see some positivity and goodwill.

I'm sure our patience will be rewarded, meanwhile enjoy life and avoid negativity.

Speaking of gardening, does anybody know why Bob has stopped posting. Maybe busy with his onions.

"In addition to its exploration and production projects, Predator is also interested in the Kingdom's call for projects to develop gas infrastructure, including facilities to receive, store, regasify, and transport natural gas. Predator could leverage its expertise acquired in Ireland with its "Mag Mell" floating regasification terminal (FSRU) project. This proven model could be successfully transposed to the Moroccan context. Moreover, the permit held by Predator in the Guercif region, located above the Maghreb-Europe gas pipeline, represents an asset for any future energy infrastructure project."

👍

Quote from the last article, published in May 2021:

"The company is already present in Morocco as it is the operator of Guercif Petroleum Agreement onshore northern Morocco. Guercif is located adjacent to the Maghreb gas pipeline, which enables the support of multiple development scenarios.

The FSRU project is potentially a complementary addition to Predator’s business development strategy for Morocco, the company states. The plan is to increase both materiality and the potential for future gas exports to Europe once the domestic Moroccan gas market reaches capacity.

Predator also plans to develop a 2.6 billion cubic metres per year FSRU terminal in Ireland."

The last meaningful post today amongst the usual green box dross from the window lickers. Seven hours of childish drool from those who should not be replied to. 🙄

Thanks Donalb. Your first link from medias24 is talking about the Tendrara field to the South East of Guercif, operated by Mana Energy, who took over from Sound. The priority is to build infrastructure to transport gas across Morocco to ports on the Mediterranean and Atlantic coasts.

I expect that the Akwa Group know more about what is happening in Morocco than all of the contributors to this board put together. I also expect that they have done all the necessary due diligence required before investing millions of Dihram in new gas, transport and associated infrastructure.

Excellent post, as usual, Keith. Thankyou.

For the layman, our salty nappies could be hiding huge amounts of smelly gas and dark sludgy matter. 😯