The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thanks as always Keith, just one point ! I am not sure if there is currently an LNG landing in Ireland, fracked or un-fracked. I believe all LNG is degasified in the UK & pumped over (Moffat). Though I grew up close to a large LPG site, owned by the major unidentified company :-) If Ryan did advance his own national LNG site or other, it would be only for guaranteed non-fracked LNG gas, a la, Algeria & Spain gas deliveries. GLA, DAB
Https://icsid.worldbank.org/cases/case-database/case-detail?CaseNo=ARB/17/14
Ryanair has today posted a €663m after-tax profit for the three months ending in June, far above pre-pandemic levels and an increase of almost 300% on the same time last year.
https://www.rte.ie/news/business/2023/0724/1396098-ryanair-profits-up-almost-300-in-q1/
MEM & Shakey, if we want to be most accurate, I believe Paul mentioned both 150M$ & 200M$ per 40BCF as potential price points, so lets continue with Paul's idea's, for a 3TCF find to a possible £17.36 to £23.41 per share range !!! :-) Giddy days. GLA, DAB
Need the even bigger boy truck from the Predator presentation on 18 May !!! Unique system capacity of up to 645,014 SCF, or 18,428 M3. So, 190/2.45/2 = 39 biggest & busy boy trucks for 50mmcfgpd. GLA, DAB
https://www.qtww.com/product/virtual-pipeline-cng/
Morning micktrick, not so sure of your calculations. I think the 7500m3 trucks are for already fully compressed gas.
Other wise it would, continuing Keith's biblical line, be Noah's Arc like trucks crossing Morocco :-) GLA, DAB
Little lazy boys playing with little 7500m3 trucks, would need 190 of these little-uns, if the only did one lazy run a day.
Big & busy boy play with 12857m3 trucks & real big boys play 24/7, so lets say 2 runs a day average.
So 190/1.7/2 = 55 big & buzy boy trucks !!!!
https://certarus.com/cng-transportation
Https://newmedenergy.com/regional-ties/
Previously posted link & KiethOz pointed out, when you scrool down, the ladies in front of the nice red flags are, if I remember correctly, Moroccan energy minister & the DG of ONHMY !!! Was all this hiding in plain sight & maybe explains Paul's Sunday Roast statements !!!
I would add, a "new company" is updating the CPR, might this "new company" be tied into a possibly pre-agreed deal on new CPR & even pre-flow test ? GLA, DAB
BRV, save your eyesight & read it in this good free article in Guardian !!!
https://www.theguardian.com/business/2023/jul/20/giant-windfarm-norfolk-coast-halted-spiralling-costs-vatttenfall
I posted on this yesterday, the real problem is Vattenfall bid too low to win the licence, for the current inflation/commodities/wage environment, just 3.735 p/kWhr & what they seem to be looking for now is for it to be bumped to 5 or 6p to continue. Ireland is 10-15 years behind the UK in every offshore aspect & will struggle to catch up.
I will add, that if Predator approach Ireland with a large Moroccan war chest of cash, Ryan can not deny the licence on finance grounds, as he just did with Barryroe. If he still delays, straight to an ICSID/ECT claim.
GLA, DAB
Updating myself, with a newer link :
https://www.moroccoworldnews.com/2023/05/355323/sound-energy-to-start-delivery-of-liquefied-natural-gas-in-2024
Nige, back from your week in Torremolinos, I hope it wasn't too hot !!
"As part of this contract, the press release further indicates, Sound Energy and its partners have made a "conditional" commitment to produce, process and deliver the gas from the Tendrara production concession, in accordance with the specifications required by ONEE, at GME which connects Algeria to Spain and crosses Morocco". (My extra "" )
https://moroccolatestnews.com/sound-energy-brings-the-maghreb-europe-gas-pipeline-back-to-life/#:~:text=The%20British%20company%20Sound%20Energy%2C%20owner%20of%20the,per%20year%2C%20for%20a%20period%20of%20ten%20years.
Once they get their mini LNG plant up & running & delivering, I too am very sure they can raise the enormous funds for the new 100km pipeline connection.
(I worked on the building sites in London, in my student days & the old blokes told me laughingly about the heavy wheelbarrow, when you get tired pushing it, you can pull it instead :-) Much like your pipeline :-)
Thanks Foothandmouth, interesting news, they seem to have bid very low, 3.735kwhr. See link is below.
Einstein Ryan estimated that his latest announced €500m upgrade to Rosslare harbour, for use by the windfarm industry, will be up & running in no time & targets met for 2030. Forgetting maybe about Irelands regulatory, planning & legal process, mandatory government work delays, cost over-runs, technical challenges, very little off-shore experience in country & none for the newer very large & deeper water turbines. His wettest dreams are probably 10-15 yrs away.
Meanwhile, Corrib infrastructure down for scheduled maintenance. If there were only some very low cost & carbon gas fields nearby. I will repeat my preference for a triple Corrib Deep+Predator+Europa drill & rig partnership.
https://www.theguardian.com/business/2023/jul/20/giant-windfarm-norfolk-coast-halted-spiralling-costs-vatttenfall
RNS - Summary
easyJet's third quarter profit improved by £317 million, year on year, as demand for its network and services continues to be strong. A revenue per seat increase of 23% year on year alongside headline cost per seat ex fuel reducing by 2% and easyJet holidays PBT of £49 million is driving the Group towards a strong outcome for FY23.
Based on current booking trends, easyJet expects Q4 to deliver another record PBT performance with RPS up by around 10% year on year and cost per seat excluding fuel for H2'23 expected to remain broadly flat year on year. This guidance is subject to the operational environment with the whole industry seeing challenging conditions this summer. More constrained air space and flow rate restrictions are resulting in unprecedented ATC disruption as well as increased ATC strike days up 40% year to date vs 2019. Management have taken action to mitigate the impact of this on our customers.
Moving into this winter, easyJet is seeing good booking momentum, with sold ticket yields and load factors ahead year on year, and planned capacity up over 15% for the December quarter. Headline cost ex fuel is expected to reduce year on year and easyJet holidays continues to see demand growth, with winter bookings up >100% year on year.
easyJet currently has 163 aircraft on order for delivery through to 2028. We are now running a process to secure additional firm order positions for our longer term fleet plan. This would allow easyJet to replace older aircraft with additional options to deliver future growth.
Outlook
- Q4 RPS up around +10% YoY
- H2 headline cost per seat ex fuel broadly flat year on year
- Q4 capacity c.29m
- Holidays to deliver medium term target of £100m+ PBT
- Booking momentum continues into Q1 FY24
InJamesweTroll, everybody here has already established what you are, now you are only arguing over the price !!!
Check the links, P.7, then P.6, Predator flow potentials & financial numbers highlighted, but this has all been surpassed by latest MOU 3 & 4 drills & Nu-Tech additions.
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/09/Proactive-Presentation-Final-8-September-2022-LATEST.pdf
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2023/05/Proactive-Presentation-18-May-2023-FINAL.pdf
You seem to be Breaking Bad yourself & potentially high on your own supply.
Side Note - I lived in Albuquerque for near 2 years in the 90's & spent many a wild night Downtown, in many of the show's emblematic scene locations. Alcohol only :-)
Guessing that our regular troll Nige has gone to Torremolinos for a week or two ? Maybe a busman's holiday on the policing front !!! And possibly he is sub-contracting these low rent characters to keep his seat warm :-) GLA, DAB
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