REMINDER: Our user survey closes TODAY, please submit your responses here.
59% of the global currency is traded in US dollars. The decline of the US dollar is inevitable with the rise of gold and cryptocurrencies filling the void. Where do you guys envisage the ARB sp is heading? £2, £3 £4....or more?
Mike Buck has always stated that Mongolia would like to become a producer of oil rather than an importer. For that reason I think that the Heron prize will remain in-country. PetroChina are hugely supportive of MATD and if we are in the Heron kitchen then the 34% uplift today will be minuscule compared to future gains.
In an interview with the English news site London South East, Graham Lyon, executive chairman of Sound Energy, which owns the Tendrara gas concession (in the province of Figuig, in eastern Morocco), reveals that he has reached an agreement with the Moroccan group Afriquia
"Afriquia Gaz holds a large share of the Moroccan LPG market (Liquefied petroleum gas, Editor's note)", added the British official to justify this partnership.
"They know the market, they are very solid financially and their main shareholder is one of the largest conglomerates in Morocco," he explained, adding that "the LNG market is new in Morocco and we cannot think of a better partner to enter the market ”.
It should be remembered that at the end of March, the British company indicated that it was in exclusive talks with the Italian Italfluid Geoenergy with a view to building an LNG micro-plant in Tendrara. The production start of this plant is scheduled for 2021. Sound Energy estimates the production of this field at nearly 100 million standard cubic meters of gas per year, for 10 years.
Under this agreement, Afriquia Gaz, a subsidiary of the Akwa group, will ensure the distribution of liquefied natural gas (LNG) which will be produced by Sound Energy. “We have made substantial progress in the discussions. Afriquia Gaz is one of the major players in the distribution of gas and LNG in Morocco and is confirmed as our commercial partner, ”sa
I don't know about you but I think I'd rather follow the investment lead set out by a 41.5 Billion dollar company ie JP Morgan than pay attention to a ragtag group of rambling de-rampers manifesting themselves as oracles of the future share price.
Ive followed BMD for a while and as others have mentioned he's right far more than he's wrong. Covid contracts are company makers and Dan's insight could prove financially beneficial to many PI's stood on the sidelines.
An interesting watch.
https://youtu.be/a_hodWEtg38