Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
No more drilling and end of ops. That really only leaves one thing to be done and we have enough cash for however long it takes to get negotiated and signed off once TE10 results are known. LE beckons. GLA.
I'd be far more concerned if they had no gas and had not brought in the CT which they are about to use to stimulate all that lovely GAS. They can take as long as they like to get it right!
Can't wait till they stimulate all that lovely GAS over the next couple of weeks. Hopefully flared for all to see :-)
How long before results of stimulation on all this gas?
Boooooommmmmmm!!!!!!
GAS GAS GAS!!
Sound Energy receives gas sales proposal from Morocco’s state power firm The offer envisages a variable price linked to Brent plus a fixed element to cover gas transportation costs. Negotiations to seal a binding deal are now underway Sound Energy PLC (LON:SOU) told investors that talks are continuing over the gas sales agreement for the Tendrara project, and, an offer has now been received from the Moroccan government. The non-binding offer envisages Tendrara’s gas being purchased by the Office National de l'Electricité et de l'Eau Potable (ONEE), Morocco’s state power firm. It anticipates gas pricing from 2022 based on a structure that includes a variable element linked to the Brent oil price along with a fixed element to fully cover transportation costs (capped at US$12.2mln per year). Sound provided an example, based on current Brent pricing at US$70-75 per barrel, which would see it receive between US$8.50 and US$9 per million British thermal units. It also assumed the pipeline fee to be US$1 per mln BTU. Prior to 2022, the gas would be bought at prices in line with what the Moroccan state sells gas to ONEE. The company said it will now continue negotiations to close out a binding gas sales agreement which would represent an important milestone in taking the TE-5 field into commercial production.
Top up time methinks
Re: the delay on CT....Like I said. Show us the GSA and we will show you what's in te10 ;-) GLA.
I think he has an HNC in it so no need to fret dear
You must have ordered 'the special^
The ii's have been snapping up the golden tickets.
Buckle up boys and girls.
Thanks woode. Awesome! The term 'coiled tubing doesn't really do it justice does it?!! They are going to a serious amount of effort considering our resident nostradamus has already proclaimed this 'exciting discovery' a duster lol
Perhaps the game is you show us the gsa signature and we will show you the contents of te10 ;-)
Perhaps the game is you show us the vs a signature and we will show you the contents of te10 ;-)
Yawwwnnnn.
Big deal. CEOs always win regardless. I am fairly confident he would like to win even bigger and in so doing make us mere PIs better off too. If you do not believe that then you would not be invested here or if you are then you should definitely sell up to save yourself some stress! For those that continue to wait on results GL.
As he says himself he deals in absolutes. Absolute lies and BS obviously! Testing underway at last. GLA.
Oops already answered sorry. Still hoping for £2+ here If TE10 comes in as hoped :-) GLA.