Watch LIVE the focusIR May Investor webinar with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund here.
The Politicians who don't want Ireland to use its own indigenous Natural Gas or Petroleum or to independent and self sufficient for these Energy requirements better do some number crunching.
Ireland is already 260 Billion Euros in Debt , now add the cost of upgrading the National Electricity Infrastructure estimated figure 60 - 200 Billion Euros.
Who will fund this upgrade work?.
The Nations Debt after this project could be over 460 Billion Euros.
After all State Projects in Ireland tend to overrun budgets , some by a factor of 6 and rising.
How long will take from commencement to finish?.
Where will the quantity of skilled workforce come from?
https://www.rte.ie/news/business/2021/0907/1245173-renewable-electricity-costs/
Correction to source of peat supply.
" Peat sourced from the Baltic States , ie Latvia"
Minster Eamonn Ryan halted commercial peat extraction from Ireland's bogs.
No consideration for the Horticulural Industry or Mushroom growers or Suppliers to Garden Centres.
The Green Lunacy operating hyper drive.
Now Ireland imports from the Balance States by truck convoy.
https://www.agriland.ie/farming-news/huge-shipment-of-horticultural-peat-arrived-in-ireland-in-recent-days-gmi/
https://www.irishexaminer.com/business/companies/arid-40216100.html
Hi cperkin , The following extract is taken from RNS 7459M. "Advancing the Ntorya appraisal and its commercialisation is now a key objective for Solo and we are pleased that rig mobilisation is now underway. The discovery of gas in high quality Cretaceous sandstone reservoirs in the onshore portion of the Ruvuma Basin represents very significant value". I personally expect this Gas and hopefully Petroleum Basin to significantly deliver over and above what the independent consultants have indicated to date. The use of the words (in a high quality cretaceous sandstone reservoirs) give me confidence.
Hello cperkin, In your earlier post at 06:36 you said 1/2 a TCF of Gas is equal to 30 million barrels of oil. From my research 1 TCF of Gas is equal to 170 Million of oil. Solo's 25 percentage equates to 1/2 TCF = 85 Million barrels of oil. Recevery factors have to be taken into account re the above. Some Natural Gas Fields have a recovery factor as high as 80 percent.
Nexen moved very quickly to farm into block 16/23. Did Nexen attempt to farm into other blocks in the vicinity. I was encouraged to hear at Pip Ireland the words ( Bristling with Prospects) in relation to licenses not to far from Europa's.
I was suprised that Nexen moved so quickly to farm into Faroe Petroleum's adjacent block 16/23. Did Nexen enquire about our block 16/20?.
No point in buying all those shares Worldview and seeing the prize snatched from you. I presume you had anticipated an offer from a competitor. Are there jobs being lined as we speak for BOC and the inner sanctum.? Come on Worldview start to throw you weight around.
With yet another early morning price drop, should I expect further large purchases to appear later. Which of our Corporate shareholders is acquiring shares now and for whom. When will the takeover be announced , which I believe will happen sooner than anticipated.
Cairn Energy also has an Interest. They have an agreement with MOG for blocks offshore northern Malta. I anticipate offers from both Genel Energy and Cairn Energy. This a complete joke of an offer. Genel Energy know the value of Block 4. This block alone is a company maker.
I expect an improved bid for Genel Energy. Why would Genel be interested in a partnership with Rockhopper. I don,t think the major shareholders will be interested in the low ball offer.
Yet another forced drop in the share price. There will be more large purchases marked as sells . If they don't appear this afternoon, they will show up within the next few days. Just as the trade on the 14th. This company has massive potential.
It appears somebody is aware of pending good news Massive delayed trade from March 14th nearly 4.4million Stg.
I have observed some large trades in MOG recently. Should I anticipate an offer for the company in the near future.
I read an interesting article in the Hurriyet Daily News about Italy's gas supplies from Libya. www.hurriyetdailynews.com subsections World-Africa.