Member Info for Ducati2

Algeria delays Petrofac contract award

https://www.meed.com/algeria-delays-petrofac-contract-award

Whitebox Advisors Llc 0.98% -0.12% 10 Jul 2024

Whitebox Advisors Llc 1.09% 5 Jul 2024

Whitebox Advisors Llc 1.17% 2 Jul 2024

Whitebox Advisors Llc 1.24% 26 Jun 2024

Fund % short change Date changed

Astaris Capital Management LLP 2.51% 0.06% 11 Jun 2024

Helikon Investments Limited 2.35% -0.05% 26 Jun 2024

Millennium Capital Partners LLP 2.03% 0.22% 12 Apr 2024

Tages Capital LLP 0.59% -0.10% 14 Jun 2024

TFG Asset Management UK LLP 1.21% 0.07% 11 Jan 2024

Whitebox Advisors LLC 1.09%. -0.08% 5 Jul 2024

Total 9.78%

https://shorttracker.co.uk/company/GB00B0H2K534/

LSE Short tracker indication

Fund % Short Change Date Changed

Helikon Investments Limited 2.35% 0.00% 26 Jun 2024

Tages Capital Llp 0.59% -0.10% 14 Jun 2024

Astaris Capital Management Llp 2.51% 0.00% 11 Jun 2024

Millennium Capital Partners Llp 2.03% 0.20% 12 Apr 2024

Tfg Asset Management Uk Llp 1.21% 0.10% 11 Jan 2024

Total 8.69%

Yorkshire, same company as last time reducing.

Whitebox Advisors LLC 1.09% -0.08% 5 Jul 2024

Whitebox Advisors LLC 1.17% 2 Jul 2024

Missed this one.

Advisors LLC 1.17% -0.07% 2 Jul 2024

https://shorttracker.co.uk/company/GB00B0H2K534/

Https://www.moroccoworldnews.com/2024/07/363593/minister-of-energy-morocco-witnesses-major-transformation-in-energy-sector

Getting a little warmer here now, and could be getting too hot for shorts……..GLA.

Friday, 28 June 2024 at 1pm at 20 St Dunstan's Hill, London EC3R 8HL.

Looks like these two have reduced.

Helikon Investments Limited 2.35% 26 Jun 2024

Whitebox Advisors Llc 1.24%. 26 Jun 2024

Can only be a positive sign.

Bigbench the new broker note is out today as Southmead states, and I believe we will have access to it in due course.

Ducati - you just don’t get it do you!! Another non share holder posting more of his drivel day in day out….. Go and do something a little more interesting FFS!

In fact so much drivel……….Your in the bin smart Ass! Get a F….UKN life…….. You just don’t get it do you!

The primary target of the Sidi Belkacem (SBK) Prospect was the Triassic TAGI Reservoir. The SBK #1 discovery well encountered a gross interval of the TAGI Reservoir at 3425 - 3505 m. Two (2) zones were isolated for production testing and modeling. A drill stem test (DST) indicates a reservoir pressure of 7175 PSI and a production rate of 2500 MCFGPD, with minor amounts of light oil. Analysis of the DST results indicates good reservoir conditions, with expectations of primarily oil production and a potential reserve estimate of 50 --100 MMBOE for the prospect.

Jobbinscl

I’d rather see SBK re-drilled before M5 though, my thoughts as well, would preferably have SBK-1 completed first.

A developmental side-track well is being drilled to confirm reservoir extent and expedite putting the new field discovery into production. Don’t no if this was ever completed by the original drilling company.

Bottomhole pressures indicate future development wells could produce at much higher rates - 2500 to 5000 BOE per day. Reserves per well are projected to be 7.5 - 10 million BOE. A developmental side-track well is being drilled to confirm reservoir extent and expedite putting the new field discovery into production.

But several companies on the brink underline that investors need to be careful in their search for quality. Energy services and construction specialist Petrofac (PFC) is currently working on a major refinancing and restructuring programme, having been overwhelmed by debts coming due and requirements to put up cash ahead of starting major projects. Given its importance in the oil and gas and renewables world, there is certainly a business still to salvage – even if its past corruption issues have kept it in check in recent years.

https://www.investorschronicle.co.uk/news/2024/06/24/is-petrofac-a-bargain-or-a-value-trap/

Averaging down….Bloody hell thought I had heat stroke.

No one said Averaging down was illegal…….maybe I need a holiday away from the madness.

Well not going to average down again…….Think I need to do some research on investing.

Don’t trust the company…… The AIM roulette wheel……Happy investing!!

Medic…….Think I need my meds been in this investment game too long.

Tableleg…….these guys could WELL deliver our gas.

Bigbench…….some things never change, some bitter none investors going about…..Should of averaged down.

Morocco's and Africa's future energy needs depend on significant long-term investment in low-carbon energy sources, with gas playing a key role. To address this national priority, Managem is establishing an industrial natural gas division and announces the acquisition of Sound Energy Morocco East Limited (SEME) following a competitive process involving international investors.

https://www.managemgroup.com/en/managem-announces-acquisition-sound-energy-morocco-east-ltd-following-competitive-process-0

GLA……Invested.

Only Rumour………But who is buying in 500k chunks!

Petrofac’s projections for the future are promising, with the company expecting to maintain liquidity at or above its covenant level until at least the end of September 2024. This, coupled with the company’s steady revenues and the positive impact of the new agreement, paints an optimistic picture for investors.

Building on this potential suitors are now reported to be circling, with TechnipFMC, a leader in subsea, onshore/offshore, and surface projects, also in the running, with interest in Petrofac’s engineering and construction services highly complementary to its existing operations.

National oil companies such as Saudi Aramco and ADNOC (Abu Dhabi National Oil Company) are also speculated to be eyeing Petrofac. These state-owned enterprises have been actively expanding their oilfield service capabilities and could see significant synergies with Petrofac’s expertise.

Private equity firms, including Carlyle Group and Blackstone Group, are known for their substantial investments in the energy sector and might view Petrofac as a valuable addition to their portfolios. Their interest could drive the competitive nature of the bid process, potentially leading to a premium offer.

Going Blue now……..Bigbench are you straying a little?

Well let’s see!

Sound Energy

@soundenergyplc

·

7m

Executive Chairman Graham Lyon talks to

@mgrahamwood

about the recently announced deal and latest developments at the Tendrara project, giving the landmark transaction more of the airtime it deserves

https://youtube.com/watch?v=AEaYWmDA7nQ #SOU

News on the Core Finance CEO interview slot: I completed a fantastic chat with

@Sound

Energy Chairman Graham Lyon a while ago and it will go live first thing tomorrow morning.

My thoughts also Ivor…….no news is good news all just speculation don’t let anything get in the way of a good rumour.

We won’t get any news for months is my opinion, unless it is very good. Just have to wait!