Member Info for donalb

Thanks Keith & BRV for all your work, my brain only kicks in, in the pm, but might the COS's of between 12% & 50% & Paul's "P50 upside" numbers, be due to the risks of a single drill Vs a large multi-drill program? GLA, donalb

Cybertron, yes it does, I read Keith or Lonny's posted links, etc. Its just with limited function.

New subject to argue about, instead of all the recent naval gazing posts !!!

Scientists discover hidden ancient forest on treeless island, is this part of the origin of all our oil & gas ??? :-)

https://us.cnn.com/2024/09/27/science/ancient-forest-falkland-islands/index.html

Seabright, of course !!! Worth re-reading his posts, an invaluable education, its like the Open University here (on the good days :-)

Oldslow, why not helium from 0.43% - 1.96% :-))) Very wishful thinking I know, but got me thinking about our very deep seated flower structure faults expert poster & all his good advice.

Gas analysis of isotube gas samples from MOU-3

Seven gas samples collected in isotubes in MOU-3 whilst drilling at measured depths of 446, 508, 555, 750, 817, 846 and 1395 metres were analysed by Applied Petroleum Technology (UK) Ltd. ("APT") in their Oslo laboratory. Gas composition is in the range 98.04 to 99.57% methane, making it ideal for a Compressed Natural Gas development with minimum processing. Isotope analysis indicates the gas is biogenic in origin.

Apologies in order Tuppiesdad, very sorry & I take back my hasty error. Your post was simply a full copy/paste from the 25 Sept RNS, whereas KeithOz's previous post used the same info but he explained the info in its full context.

FYI, we have lots of trolls here, more by the day, so always best to over explain your sources & thinking, to avoid the likes of me :-)

Watch out KeithOz, a first poster called Tuppiesdad, has copied/pasted the major points of one of your recent MOU-2 posts, about the MOU-2 having in fact reached its target. Tuppiesdad can not to be trusted & we should all report this & block this doppelganger. GLA, donalb

Zebra, part right but much more complicated than that. LOGP had only 20% of Barryroe when it was effectively forced into liquidation, as Ryan refused to grant licences, blaming their lack of funding, despite the largest shareholder ~40% from memory, being one of Ireland's richest men, the beef baron billionaire Larry Goodman & son & his Veven company. Viven & associated companies ended buying the company debt & rights in the prolonged liquidation for about €6 million, but with little to no come back for all other shareholders, except maybe 5% of profits in the following 5 years.

Part of the issues, is that LG played dirty to win it all & he may in the future, but also he can not claim compensation through ICSID, as Barryroe is Irish registered company. That's where UK registered LOGP has an advantage, it can make a 20% ICSID claim.

With Ryan on the way out soon, any combination of Griffiths & Boldy both attacking the Irish Governmant thru ICSID if necessary, it would most certainly concentrate the minds & a good strategic move that I am sure has been brewing for years.

https://www.irishtimes.com/business/2023/11/03/larry-goodmans-6m-barryroe-rescue-plan-approved-by-high-court/#:~:text=The%20High%20Court%20has%20approved%20a

Took my first "trading share"profit today on TUI, sold 1/6 of my TUI shares at 6.954, so +12% for 2+months odd. Will let the other 5/6 ride. Happy to re-invent it on drops & way more happy if we jump 24+% to get above water for about my first time. Still expect to see 15-20€ here in 2-3 years. GLA; donalb

Brezhnef, here is a more recent Ireland section extract from PRD's 6 June Corporate Update. Einsteinryan is guaranteed out in 2-5 months, following upcoming election.Hhe will never sign off any company drill, as has been his raison d'etre through out this 5 yr government coalition, since he & the Green's got politically damaged for signing off the original Corrib licences. Ryan's DCCC now agrees that PRD have the technical know how to advance the licence, so Ryan is playing for delay, questioned PRD's financial capacity, so now it & its future farm in partner, have sent in the necessary financial capicity doc's & are waiting for reply. Steve Boldy of LOGP appointed as Non Exec Chair to PRD, can only advance all our cases. GLA.

Ireland

· The Company has received correspondence from the Department of the Environment, Climate and Communication Geoscience Regulation Office ("DECC GSRO") in respect of its applications for successor authorisations for Licensing Options 16/26 and 16/30.

· GSRO acknowledged that the Company had met the technical assessment criteria for Licensing Option 16/26 and offered the opportunity for the Company to submit additional material to complete the assessment of financial capability.

· The Company has elected to focus on a potential award of a successor authorisation for Licensing Option 16/26 ("Corrib South") as the Company is very confident that it can demonstrate that it has the financial capability to satisfy the Corrib South work programme and has accordingly communicated supporting financial information to the GSRO.

· Gross unrisked P10 gas in place of 303 BCF net to the Company's 50% interest with a 44% chance of success (Tracs International Competent Person's Report August 2023).

· Option to acquire additional 50% interest prior to concluding a farmout transaction.

· Lastly, we have agreed in principle, farm-in terms on Licencing Option 16/26, the company has expressed a desire to farm into any successor authorisation for Licensing Option 16/26 that is eventually awarded to Predator

The Corrib South structure, located just 18 kms from the Corrib gas field, was formerly held by Shell as a "Reserved Area" during the development of the Corrib gas field.

The Corrib South structure is potentially of an optimum size to prolong the life of the Corrib gas filed infrastructure if gas is successfully discovered in the future. Furthermore it may provide gas and hydrogen storage options to enhance security of energy supply.

The Company is now cautiously optimistic that an award of the Corrib South successor authorisation is potentially achievable in 2024.

Few know as much about fighting "Einsteinryan's DCCC" & his over zealous green agenda than Boldy, who is still fighting to retain their 20% part of Barryroe/ex-Providence & has challenged the Irish government to compensate them for the illegal loss of licence or the will take the to the ICSID for €100 million, ala Rockhopper.

Good news. GLA, donalb

ps - some UK & French politicians starting to think more about the end of the month, than the end of the world !!!

Correction Non Executive Chairman - much better !!!

Swam in the same circles for years & can only help if all work together to retain/regain licence entitlements.

https://www.lse.co.uk/rns/PRD/appointment-of-ned-chairman-5l1q0dzj8tux586.html

Nounours - some details from todays RNS, below. And KeithOz has posted here & on X about the Geothermal depth profile of Guercif, if I remember half correctly, its + 35c for every 1km depth ?? and mention of 122 psi over pressure in certain sands.

Gas analysis of isotube gas samples from MOU-3

Seven gas samples collected in isotubes in MOU-3 whilst drilling at measured depths of 446, 508, 555, 750, 817, 846 and 1395 metres were analysed by Applied Petroleum Technology (UK) Ltd. ("APT") in their Oslo laboratory. Gas composition is in the range 98.04 to 99.57% methane, making it ideal for a Compressed Natural Gas development with minimum processing. Isotope analysis indicates the gas is biogenic in origin.

Dathrilla, here is some better ratings news ! Long may it last :-)

Consensus among analysts is more optimistic, expecting growth of more than 30% this year

https://www.hl.co.uk/shares/share-research/tui-q4-in-line-with-expectations

Porters, you might want to read the 6 June RNS, which was further re-confirmed as the plan in the 8 Aug RNS.

Morocco

Commencement of Sandjet rigless testing programme

The early stages of the Sandjet rigless testing programme have commenced with the arrival of some well services equipment at the MOU-3 well site and the preparation of the well for re-entry and perforating.

Extensive operations at MOU-3 are anticipated to last for at least five weeks before moving to the next well in the Sandjet testing programme.

Plus:

Following completion of the MOU-3 rigless well testing a decision will be made to move to either MOU-1 or MOU-4 next to perforate the TGB-2 Sand and the Moulouya Fan sequence respectively.

A carbonate interval in MOU-4 has also been selected for possible perforating with Sandjet in order to calibrate the NuTech petrophysical log interpretation over this interval which is located at the extreme edge of the Jurassic structure to be tested by MOU-5.

And regarding Lonny's exit in another light, was it his responsibility to arrange the rig ? from 6 June RNS

Rig requirements

The Company has been very frustrated during 2024 in regard to scheduling drilling activities in a timely manner in line with its business development strategy for locating additional gas resources in its Guercif licence area.

As a result the Company has started the process of sourcing a rig with related well services from overseas to bring to Morocco to enable it to have the flexibility under its sole control and discretion to progress a potential Titanosaurus step-out drilling campaign and further appraisal drilling of gas targets within and adjacent to the Moulouya structure.

Vernet Les, I would suggest Vermillion &/or Nephin as the partners, the other 42.5% Corrib owner & backed by the Canadian Pensions Plan & Investment Board, who have loads of investment cash. Einsteinryan is over in New York lording it up in the UN, before his upcoming exit & he will never sign off any O&G development. Latest polls are showing FG & FF plus some of the saner Independents will probably make up the next government & after the upcoming Apple cash give away budget, what better time to call a snap election.

jimmy's wolf in sheep's clothing, fooled me early on here but the endless prd subtle de ramping opened my eyes. and if only it was good riddance, note, he sold most of his shares but kept a few, so has an excuse to keep on posting here, up ramping or down ramping according to his positions. has anyone ever met a trading troll who admits their strategy to the very people he is troll trading against ???

and for correction, lonny was only the md of prd, while paul the executive chairman, but once a new non exec chair is appointed, paul will take up the new post of chief executive officer, a much more responsible position than md & more in line with full lse listing rules.

recently, i posted on the char board that jimmy was ******* up their legs, whilst ******* down prd's legs & got a lot of backlash. i wonder would i get the same flak today.

finally, since when does a half sized slim hole flow at half the rate of a full sized hole ??? more jimmy char pump pump.

gla all lth's & honest folk, donalb

Funny Gardner, they probably needed the £12 to buy a cheap bottle, to drown their sorrows :-)

Stiperstones, I am a bit confused about your comparison with the 17th July timeframe. TUI had little market moving news around then except a successful bond refinance. What was happening was almost all the travel related stocks went on a nose dive, related to O'Learys "now false" air fare warning, war risks, low summer trading volumes, summer shorting, etc.

Today's TUI results are very solid, the company is now well out of the LSE rollercoaster & shorting train, now part of the MDAX index, school is back and I am hoping for a much less volatile future.

All to be seen & profits are always wise to take, if that suits your time frame. GLA, donalb