The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Maybe some Vermillion pushback on huge windfall taxes & lack of licence progress will focus minds. Vermillion could even stop production for a year or two to avoid the worst taxes.
https://www.independent.ie/business/corrib-gas-field-operator-challenges-states-windfall-tax/a1628932224.html
Most notable & hopefully has follow thru for TUI - "Fuel CASK (cost per ASK), including the cost of carbon and fuel hedging, is expected to be 23-24 per cent lower vs. last year".
https://www.ii.co.uk/news/f24-post-close-trading-statement-rnsLSE20240425070009_5156844
A little FYI, a large Irish Green Party conference, ahead of upcoming local & European elections was held in Dublin at the weekend. I expect any O & G license updates could only be released afterwards :-)
https://www.gov.ie/en/publication/10d43-acreage-reports-and-concession-maps/
Acott, this was last updated on 27 Jan 2024, for the 31 Dec 2023 licences. So maybe a week or two till the next update, but with Einstein Ryan ???
https://www.gov.ie/en/publication/10d43-acreage-reports-and-concession-maps/
Thank you Rosso for keeping us all up to date on the local going on's. One thing I don't yet understand & it has been mentioned many times here lately, is the investments in the new Nador regasification plant.
Are regasification plants not simply designed to re-gas imported LNG before adding to the network?
Would not a much more complex liquefaction plant be needed if Morocco planned to export gas from Nador?
Happy to learn from anyone with expertise. GLA, DAB
Extension of the potential100 m2 MOU-5 site (from 2024/3/3) visible now since 2024/4/9 ?
Opinions welcome. GLA, DAB
https://browser.dataspace.copernicus.eu/?zoom=16&lat=34.27596&lng=-3.32342&themeId=DEFAULT-THEME&visualizationUrl=https%3A%2F%2Fsh.dataspace.copernicus.eu%2Fogc%2Fwms%2Fa91f72b5-f393-4320-bc0f-990129bd9e63&datasetId=S2_L2A_CDAS&fromTime=2024-04-09T00%3A00%3A00.000Z&toTime=2024-04-09T23%3A59%3A59.999Z&layerId=2_FALSE_COLOR&demSource3D=%22MAPZEN%22&cloudCoverage=100&dateMode=SINGLE
ONHYM has the following equipment
A drilling rig that can drill shallow wells up to 1800 m (IDECO H525)
A drilling rig that can drill deeper wells up to 4800 m (IDECO H1700)
A mobile camp common to both drilling rigs
An HP cementing and pumping unit
https://www.onhym.com/en/oil-drilling
Q. Where is the Star Valley 101 drilling rig ?
A. The Star Valley Rig 101 is currently operating in Morocco as part of a contract extension signed by Predator Oil & Gas Holdings Plc. This modern rig is equipped with integrated top drives and is well-suited for drilling applications. It’s fascinating to think that this rig, which stands tall in the Moroccan landscape, could be compared to approximately 46,449 bananas stacked end to end! 🍌🍌🍌
Not so sure about the banana comparison :-)
PS - our new/old/ancient troll won yesterday, FUD, FUD, FUD
Good to see the travel/tourism industry growing so strongly, especially TUI's new airline partner Wizz !!!
On a rolling 12-month basis, Wizz Air said it carried 62.0 million passengers, up 21% from 51.1 million the year before. The load factor improved to 90.1% from 87.8%.
In the 12 months to March, Ryanair said it carried 183.7 million passengers, up 7% from 168.6 million year-on-year. The load factor at 94% was up one percentage point from 93%.
https://www.ii.co.uk/news/ryanair-and-wizz-carry-more-passengers-in-march-wizz-load-factor-dips-al1712131448674259500
Here is a new French language article from Amina Benkhadra, the Director of ONHYM. Huge future planned use of nat gas, due to lower CO2 & a necessary compliment to renewable energies. Very little mention of Guercif, mainly of Anchois, Chariot, Sound & SDX. Only a somewhat incorrect passage, as translated below. I imagine that until the gas is a fully proven resource, it will not be incorporated in longer term infrastructure & energy plans.
"Finally, several other sedimentary basins are known for their gas potential revealed by old drilling and showings, these are essentially the Guercif Zag, Boudenib, Missour, Doukkala, Tadla basins, and which are all in the exploration and evaluation phase by Onhym's own resources".
https://www.msn.com/fr-xl/afrique-du-nord/maroc-actualite/gaz-la-production-marocaine-devrait-d%C3%A9passer-1-5-milliard-de-nm-vers-2030-amina-benkhadra/ar-BB1kIKgU
I might punt some of my future huge PRD gains in here, as this guy keeps making money !!!
https://www.independent.ie/business/irish/cathal-friel-backed-egt-makes-stock-market-debut-on-londons-aim/a138679992.html
https://www.irishtimes.com/business/health-pharma/cantillon-fastnet-chief-explains-switch-to-pharma-1.2598097
https://www.irishtimes.com/business/2023/01/09/irish-drugmaker-amryt-pharma-to-be-acquired-for-138bn/
RideDalce, good post & as the video shows there are simple solutions. Why not make mandatory district heating solutions from the data centre planning stage being incorporated with permissions & grid connections. And I like that : "Energy can neither be created nor destroyed; rather, it can only be transformed or transferred from one form to another" & I add, hopefully stored in abundant gaseous quantities underground in Morocco & Corrib :-)
Too too funny, "Howarda Hanging", your time would be much better spent improving your proficiency in English or at least before you troll post, running your text through error correction software. That way, you might have a grain of credibility regarding your worries for our near bionic Paul's health !!! 4 Troll posts out of 4. Bin, Bin, Bin !!! GLA, DONALB, a engineer :-)
GH55, this site has lots of first hand info, but you may need to google translate a lot.
https://www.boerse-frankfurt.de/equity/tui-ag-na-o-n-1
FYI - Xetera Bourse is closed tomorrow & Monday, so expect Easter updates in 1-2 weeks.
FYI 2 - Only TUI news today, is they are ending 4 TUI planes engaged in night time letter postal deliveries for Deutsche Poste. CO2 wasteful & probably not very profitable.
Q. Anybody any updates on how our shorters are faring ?
May be - Vermilion Energy's (TSE:VET) Upcoming Dividend Will Be Larger Than Last Year's
https://finance.yahoo.com/news/vermilion-energys-tse-vet-upcoming-125443215.html
Dathrilla, maybe this is helping a bit !
"Tui is expanding its cooperation with Wizz Air"
https://aviation.direct/en/tui-expands-cooperation-with-wizz-air
No problem Gerry, I have been a Travelling Willbury for 30+ years after graduation, with only a few years back home early on, but do keenly follow the news, politics & my investments, etc. Now too used to the sun, heat & good weather to go back full time :-) Re the new Taoiseach, Simon Harris will be elected on April 9th, hardly a radical change & he stated that he expects to keep the Dail to full term, ie, March 25 max. GLA, DB
PS - I have copied a great post from FabPhil on PRD & its worth a read for all here & may bring about some Inishkea & Corrib movements.
Securing Ireland’s Gas Supplies23 Mar 2024 18:37
https://www.gov.ie/pdf/?file=https://assets.gov.ie/276795/c7ca6839-05f5-4d7f-8db9-bbf12f4eba67.pdf#page=null
Page 20 - “This analysis indicates a strategic FSRU as the only short-listed option that can fully mitigate unserved demand in Shock Scenario 4 and 5 which involves disruption of seven or 30 days of both gas interconnectors”
Page 21 - “The CRU ‘2022 National Risk Assessment: Gas’10 highlights that Ireland is not fully compliant with the EU Infrastructure standard. Ireland’s N-1 has decreased from 85% in 2018 to 65% in 2022 and remains unable to meet the Infrastructure Standard (N-1) in the event of failure of its largest piece of gas infrastructure i.e., if the supply of gas via Moffat is partially disrupted Ireland will be unable to deliver sufficient gas from other entry points to meet total demand on a 1 in 20 year peak-day”
“If Ireland is not able to meet its gas demand it could have very significant impacts on the country, depending on the timing and duration of any disruption to supplies, according to an ESRI working paper ‘The Cost of Natural Gas Shortages in Ireland’11 that was published in 2010. The Economic and Social Research Institute (ESRI) paper estimated the cost of disruptions in the supply of natural gas and found that (i) the cost of losing one day of gas-fired electricity amounts to 0.1-1.0 billion euro, depending on the time of week, the time of year, and the rationing scheme used, (ii) the cost of losing three months of gas-fired power could be as high as 80 billion euro or 50% of GDP and (iii) losing gas for heating for three months would add another 8 billion euro on average. In this paper, ESRI also discuss some options to increase Ireland’s security of supply and find that the cost is a small fraction of the avoided maximum damage. It is noted that this assessment does not cover the social impact of a gas supply disruption. The Department has requested ESRI to prepare an update to this analysis”
Page 24 - “The Department’s view is that the level of risk presented by a technical disruption over the next decade is UNACCEPTABLE at the moment. It further notes that even if a regional approach could be taken to the N-1 infrastructure test as previously
MikeSO2, a good St Patrick's day optimistic share price call, just some things of note re 23 Easter comparisons, that Easter market update was on the Thursday 6 April 23 before the Easter Sunday 9 April 23 & I wonder if last years later Easter might slightly change the run rates compared to this years earlier Easter. My guess is the Easter update will be more similarly dated to last year, when there is more visibility, but then who knows :-) GLA, DB