The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Ianfer, you are right about Chariots 75% Loukos Onshore, at least according to Chariot's own website:
LOUKOS ONSHORE
The Loukos Onshore licence, covering an area of 1,371km², is adjacent to Chariot’s Lixus and Rissana offshore licences; it is also the location of the planned Anchois processing facility and pipelines.
Chariot operates the block with 75% interest and is performing a detailed evaluation on existing modern 3D seismic data of 150 km² and previously drilled on-block wells. Work has led to the identification of an overlooked, shallow, conventional gas play, which:
SK, are you not aware that Wizz & TUI have greatly increased their partnerships recently ? Maybe its partly TUI's new lower cost flight "sub contractor" that is assisting Wizz's numbers, leaving TUI with the much higher margin hotel, cruise & tours.
Revenue up 30% & passengers 21%, strong next 2 quarters !!!
I expect O'Leary was just rattling the competitions cages, as usual. GLA.
https://www.ii.co.uk/news/wizz-air-swings-to-annual-profit-as-revenue-and-passenger-numbers-rise-al1716455371866796200
Scroll to 2nd line of speakers:
Mr Malcolm Graham-Wood, Oil & Gas Advisor, Owner Malcy's Blog, Hydrocarbon Capital
https://www.in-vr.co/morocco-oilandgas?utm_campaign=3rd%20Morocco%20Oil%20%26%20Gas%20Summit%20and%20Exhibition%202023&utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-_xJS1zTn0rDcV60IWiPWj4rJohnPIyAZJMwUiQxZ64KlB-mfpwzeGXyJC7p7NyKo3-lLea
Malcolm has also served as a director of a number of companies over his career and is available as a non-executive director as and when required.
https://www.hydrocarboncapital.co.uk/team/
The Bald, you seem to have totally forgotten the answer to Q 1. You posted at least twice on that very subject only very recently over on Predator :
8 Mar : Re-Star Valley Rig : CHAR have a 50-60 day campaign, 5 days in.. SOU now state the rig is going to them for setting completions after CHAR … So where does this put us ?
3 May 2024 : Because the SOU Bod said only 2 days ago, that the rig is going to tendara for setting completions after current operation, current operation is now CHAR and will be for 50-60 days..
Mary, overall very good numbers.
They do seem a little "loose" on their quoted net debt numbers, Q1 5.3 B to 4.0 B, but now Q2 4.2B to 3.1B, if its a -1.1B, but then what's 0.2 Billion Euros between friends :-)
Looks like another credit upgrade soon, with these levels of debt reduction in the winter seasons & dividends cant be too far away.
From Private Tesla over on PRD:
"The Joint Committee on Environment and Climate Action will meet tomorrow, Tuesday, 14 May, to discuss the finalisation of the draft National Energy and Climate Plan (NECP) and national Long term Strategy (nLTS)."
This should also finalise their approach on energy security and the role natural gas will play in that.
https://www.oireachtas.ie/en/press-centre/press-releases/20240513-joint-committee-on-environment-and-climate-action-to-discuss-draft-national-energy-and-climate-plan-and-national-long-term-strategy/
Salut Timetoretire, yes, very much agreed, The Bald Faced & Co-Conspirators are not only 850 m underwater & 40 km offshore, they could be much better off investing in their own agricultural fertilizer business, instead of their mostly fake prognostications, against the technically far superior Predator Guercif prospects.
Good Luck to all true LTH's , Donal B
High to Low - 18 % down during the last month !
High to Low - 51 % down this last year !
High to Low - 69 % down these 2 years !
High to Low - 96 % down from all time highs !
Zero flow tests ever, ever, ever in Morocco ! And big wells as underwater as its share price.
Some example for the Bald Faced & Co-Conspirators to follow or try boast to about.
Beetroot, a few small points.
You must have a very expensive broker, if they are charging you 1.5% on currency conversions. Typically, I have paid 0.4 to 1.0 % for smallish sums over the years. Its also a much better idea to keep a € sub-account & probably a $ sub-account, if you trade often, if your broker allows that.
As for capital gains, that would only be a UK issue (if you are UK resident), however if we do have future dividends (chance would be a fine thing:-), our German cousins would take a 25% dividend withholding tax, that can be claimed back, but may not be worth the bother for most of us.
Hope that helps, GLA, DAB
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