Member Info for Ducati2

n4apound, I have a feeling that the oil is not part of the mix.............and additional to the gas shows?

Brian Mitchener, Exploration Director, commented:
"I am delighted to report receipt of the final basin model and the potential for a new oil play in the Paleozoic over the Anoual licence. We expect this new oil play to be the target of our forthcoming third exploration well. In addition, this basin model significantly derisks the charge available to our individual prospects."

The interview with Malcy and Brian will be very interesting, as Brian is going to provide some colour........I think it will be a lot of colour........Just hope he passes the message so all can understand?

Lots of gas and now oil, let's here it Brian........

Brian Mitchener, Exploration Director, sitting down with Malcy next week to provide some colour to the latest Basin Study. Watch this space..

Still waiting!

After confirmation by RPS Energy's independent experts that Tendrara's TE-5 well holds recoverable gas reserves of at least 10 billion cubic meters, Onhym commissioned French experts to conduct a final study to certify the volume. marketable. According to a source close to the record, it is likely that the results that will be known in three months are identical to those of the English company that can begin to commercialize the gas before attacking the exploitation of its other wells with major potential.

https://www.medias24.com/MAROC/ECONOMIE/ECONOMIE/180314-Tendrara-Derniere-certification-par-l-ONHYM-du-puits-TE-5-avant-une-eventuelle-commercialisation-du-gaz.html

BP, Chevron Pushing Gas as Fossil Fuel Answer to Global Warming

To reduce emissions and provide affordable electricity, the world needs to burn more fossil fuels, not less.

That’s the message being delivered by the world’s biggest energy companies at the World Gas Conference in Washington this week, where they championed natural gas as the fuel of the future, rather than one that simply bridges the gap toward renewables.

The world is facing the twin challenge of growing power supply -- which Royal Dutch Shell Plc says needs to increase five times over the next 50 years -- and reducing emissions to meet climate change targets. Energy companies see gas doing double duty: it has half the carbon emissions of coal when used in power generation, is abundant and relatively cheap.

The “big challenge for us in the industry is helping people recognize gas as a destination fuel, not just a transition fuel,” BP Plc Chief Executive Officer Bob Dudley said during a panel discussion. “There’s another camp, a surprising camp, that is intent on discrediting gas as an option.”

MKN........thank you.

luckyman2...........this looks as if it's the document too the article. Requires translating could be something or nothing?
Anyone able too take a look!

http://ao.onhym.com/Documents/CDC%2001-2018_Assistance%20mise%20en%20place%20strat%c3%a9gie%20promotion_Annexe.pdf

Ifonlyihad it was Malcy, with the hashtag..........All his own work.

Sound Energy
Sound has announced their new basin model for Eastern Morocco which suggests an Anoual oil play. Key highlights are that, the hydrocarbon charge across the Eastern Morocco portfolio is of Devonian age, there is a significant gas charge available to fill the TAGI leads and prospects and there is a potentially significant oil play with the Palaeozoic on the Anoual permit area. This means that the third well in the upcoming drilling programme, TE-11 may well be to check out this play.

There is no doubt that things are now moving along fast and furious at Sound after an unusually quiet spell, from what we are seeing there is now much activity in Morocco and we should watch this space with some interest. #dreamsarebackinbusiness

A majority of energy firms expect to see “increased investment” in gas over future oil exploration, a survey by a technical advisory company to the to the sector revealed today.

The survey by DNV GL found that 64% of oil and gas sector leaders said that they “expect to increase or sustain” spending on gas projects this year as the industry as a whole looks to prioritise gas energy sources over traditional oil.

A further 86% of the 813 senior industry respondents surveyed said they expect gas, such as natural gas, to “play and increasingly important role” in the energy mix, up from 77% last year.

The Transition in Motion report findings show the oil and gas industry future outlook and seeks to identify the primary drivers for investment within the global energy transition.

Liv Hovem, CEO, DNV GL – Oil & Gas, said: “Society’s transition to a less carbon-intensive energy mix is already a reality, and oil and gas will continue to be crucial components.

“Our research affirms that the industry is already taking positive steps to secure the important role we forecast gas to play in helping to meet future, lower-carbon energy requirements.”

Significantly, 72% of respondents believe that, as traditional coal energy generation becomes obsolete over the coming decades, the long-term attractiveness of gas will significantly improve.

Ms Hovem added: “Significant investment will be needed in the gas industry over the coming decades to increase capacity, transform assets to source and transport a decarbonized mix of energies, and to safely build and maintain the infrastructure needed to connect emerging supply regions with evolving demand centres.”

Enagás has just landed in Morocco. The company chaired by Antoni Llardén has signed an alliance with Elecnor and Fomento to form a consortium to develop a pipeline engineering project and a natural gas treatment plant in the east of the country for the British exploration and production company Sound Energy which controls the rights of several gas wells.

Specifically, the agreement includes the design and engineering of a gas pipeline of 120 kilometers in length, which will connect the site of the British group with the Maghreb-Europe gas pipeline.

This new infrastructure is expected to have a transport capacity of 67,000 Nm3 / h (normal cubic meters per hour) and a diameter of 20 inches. It also includes the development of a natural gas treatment plant extracted from the deposit.

The final investment decision to participate in the construction and operation of the project is not taken, as it is expected to be adopted within six months, but could be around 184 million dollars that the consortium has to finance.

The consortium will be responsible for the construction of the project and its operation for a period of 15 years. In return, Sound Energy and its partners will pay an annual fee from the start of commercial gas production. The rate will be referenced to a target internal rate of return for the three companies that does not exceed 45 million per year. At the end of a 15-year operating period, subject to a possible extension by the parties, ownership of the facilities will be transferred to Sound Energy and its partners, or to another entity designated by the company, at no cost.

Sound Energy has permission to operate the Tendrara and Matarka fields in northeastern Morocco since 2013. Both sites occupy a total area of ​​14,500 km2 in the province of Figuig.

This agreement highlights the knowledge and experience of Enagás in the engineering of gas infrastructure. In addition, it reinforces the company's commitment to those projects that can contribute to a greater diversification of the gas supply.

With this operation, Enagás continues to increase its international presence. The company has about 400 million to deal with purchases abroad until 2020, in addition to the 663 million that has already committed until that year, as advanced by the Economist. Between 2018 and 2020, Enagás expects to obtain a cash flow of 2,366 million.

The company is analyzing incorporating a financial partner into its international business.

http://www.eleconomista.es/energia/noticias/9228044/06/18/Enagas-prepara-su-entrada-en-un-gasoducto-en-Marruecos.html

Sorry but I've never responded to any of your posts.........this is the first and the last.......in the BIN with you and the rest of the AIR heads. Does below remind you of anyone.............. We all love a bit of drama, right? It perks up a mundane and routine life. But if your life is all dramatic ups and downs with no plateaus, it might be worth stepping back and seeing why you need all this attention. Many of us would say that we quite like to be the center of attention. However, if we crave this attention and work to sustain with melodramatic behaviors, then it could be a form of manipulation. Someone that is emotionally mature will receive all the validation they need for their self-confidence during their lives. Yet, those with low self-esteem will have to create situations where they get this important feedback

Sound Energy plc ("Sound Energy" or the "Company") TE-9 Well Location Sound Energy, the Moroccan focused upstream gas company, is pleased to confirm that it has now finalised the specific location of its approaching TE-9 exploration well which will target the A1 prospect in the Company's Tendrara-Lakbir permit, Eastern Morocco. The Company believes that the additional geophysical and geological analysis undertaken utilising data acquired from the most recent seismic acquisition and processing has sufficiently de-risked the prospect to allow the Company to proceed with drilling and the Company will now secure partner approvals and then commence ground works. This first well, of a planned three well campaign, is intended to drill both the TAGI as the primary target and the underlying Paleozoic as the secondary target.

Post Year End Highlights: · Lodged an application for Environmental Authorisation with the Government of The Bahamas, an important milestone for the Company and representing the first step in commencing offshore field activity · Signed a Confidentiality and Exclusivity Agreement with a major international oil company in May 2018, for an initial period of three months, and extendable by the counterparty for a maximum of a further three months. During the term of the Agreement, BPC and the major international oil company will work together exclusively to conclude a detailed technical evaluation and at the same time seek to develop a commercial framework for a potential transaction. BPC will receive a non-refundable cash payment of US$250,000 per month for the initial three-month period of exclusivity, with a further US$250,000 per month for each additional month of exclusivity thereafter · Appointed Macquarie Capital Markets Canada Ltd as an advisor to assist the Company with various corporate initiatives, providing a full suite of global corporate solutions with a leading presence in the international energy sector · Raised £1.1 million before expenses by way of a subscription at a price of 2.5p per Subscription Share, representing a 250% increase on the price achieved in the raising a year earlier, allowing the Company to further bolster its cash position whilst minimising dilution Simon Potter, Chief Executive Officer of Bahamas Petroleum Company, said: "The higher oil price environment, the sheer scale of our prospectivity and the need for large oil companies to replace reserves after five years of under investment in this area has resulted in a marked upturn in the exploration sector, and added energy and urgency to our farm-out process, which has gained considerable momentum over the year. As previously advised, we are currently in an exclusivity period with a major international oil company and I am happy to report that discussions are progressing constructively."

Bahamas Petroleum Company plc ("BPC" or the "Company") Final Results for the year ended 31 December 2017 Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas is pleased to announce its final results for the year ended 31 December 2017. 2017 Highlights: · Significantly improved oil price has created a more buoyant commercial environment for exploration, increasing investor confidence in the sector · After discussion with the Government of the Bahamas, the Company was granted a licence extension in March 2017, extending the term of the Company's licences, and the time in which to perform the obligations and requirements thereof, for a further 12 months through to June 2019 · New Government elected in The Bahamas in May 2017 with a clear mandate to address the fiscal deficit in the country. The Government has shown continued support for the development of an oil and gas industry in The Bahamas, including the approval in February 2018 of a new $5.5 billion oil and gas refinery on the island of Grand Bahamas · Successfully raised £2.8 million before expenses in June and July 2017, through the placement of 280 million new shares, bolstering the Company's negotiating position in farm-out discussions · External technical audit completed in December 2017 by Moyes & Co, indicated aggregate mean volumetrics of 8.3 billion barrels of oil, with a further upside of up to 28 billion barrels STOIIP and a probability of success ("PoS") in the 25-35% range · Operating loss decreased 16% to $3.25 million (vs $3.88 million in 2016), with the entire Board now deferring 90% of their remuneration to be repaid only in the event of a successful farm-out or well-financing being completed Post Year End Highlights: · Lodged an application for Environmental Authorisation with the Government of The Bahamas, an important milestone for the Company and representing the first step in commencing offshore field activity · Signed a Confidentiality and Exclusivity Agreement with a major international oil company in May 2018, for an initial period of three months, and extendable by the counterparty for a maximum of a further three months. During the term of the Agreement, BPC and the major international oil company will work together exclusively to conclude a detailed technical evaluation and at the same time seek to develop a commercial framework for a potential transaction. BPC will receive a non-refundable cash payment of US$250,000 per month for the initial three-month period of exclusivity, with a further US$250,000 per month for each additional month of exclusivity thereafter · Appointed Macquarie Capital Markets Canada Ltd as an advisor to assist the Company with various corporate initiatives, providing a full suite of global corporate solut

In 2016, a significant gas discovery was made at the TE-6 onshore well in the Tendrara Licence which flowed at a rate of 17.5MMCFD by Sound Energy. Furthermore, in March 2017, the existence of a significant gas column was confirmed in the Tendara License TE-8 by Sound Energy. The discovery of these opportunities bolstered the company and created a lot of movement in the investment community.

Morocco has a very attractive investment environment and huge exploration potential within the oil and gas sector, often referred to by many as one of the last remaining frontiers in North Africa. In addition to that, Morocco has excellent infrastructure across the country, which supports exploration and production, and includes major pipelines located near core cities The Moroccan sedimentary basins have many viable petroleum systems, brimming with hydrocarbon potential available to be accessed.To this day, only 338 onshore and offshore exploration wells have been drilled, 43 offshore and 295 onshore. The Alboran Basin, bounded to the west by the Gibraltar arch, in the Moroccan Mediterranean sea is a syn-orogenic to post-orogenic basin. The Mediterranean Deep Water of Morocco is an interesting exploration frontier area with good traps that is expected to be the future exploration target. The area is of high need of new 3-D seismic data, and thorough reprocessing of its existing 2-D coverage, opening the door to many new opportunities for cooperation and investment. Considering the expected improvement of seismic quality, it is necessary to acquire 3 D seismic data including adequate reprocessing of the existing 2 D coverage to better image the geometry and distribution of the various reservoir facies. Morocco has evolved its laws to accommodate its high exploration and investment potential, by including several advantageous terms in its Hydrocarbons Code, such as: An exception from the national corporate income tax when IOCs start commercial production for 10 years A maximum of 10% on onshore and offshore royalties on oil production and of 5% on gas in waters shallower than 200 metres A favourable 25% state participation within contract terms through Morocco�s Office National des Hydrocarbures et des Mines (ONHYM) There are many major companies operating in Morocco, including ENI, Qatar Petroleum, Chevron and Sound Energy. In addition to that, Morocco has many opportunities and favourable terms for smaller companies as well. In March 2018, UK-based exploration and production firm SDX Energy officially confirmed a gas discovery at its SAH-2 well on the Sebou permit, with the reservoir thickness far-exceeding pre-drill expectations. SDX Energy is now planning to drill the LNB-1 well, which is an exploration well in the Lalla Mimouna concession. This discovery followed the ONZ-7 discovery made by SDX on the Gharb basin permit, a discovery that surpassed all initial forecasts. This took place a few weeks after SDX drilled the ELQ-1 well, also located in the Gharb Centre permit, and deemed it to be not sufficiently commercial. This proves that opportunity in Morocco is just around the corner, and that options are plenty and profitable. In 2016, a significant gas discovery was made at the TE-6 onshore well in the Tendrara Licence which flowed at a rate of 17.5MMCFD by Sound Energy. Furthermore, in Marc

Sidi Moktar presents another opportunity, subject to a deal Quite separately, the group also owns a 75% stake in the high potential Sidi Moktar exploration area. It spans about 4.5 square kilometres, and it is close to existing infrastructure and end-user demand (Sound highlights that it is close to a state-owned phosphate plant). Here there is an awful lot of potential � Sound estimates nearly 9 trn cubic feet of undiscovered gas in its �best case�. Some relatively shallow discoveries have been made in the area previously, which have some development potential, though the big hypothetical resource numbers are seen in deep targets � deeper than 3kms below surface. On Tuesday of this week, Sound launched a farm-out process for the project. As highlighted above, Sound already has a lot of commitments in Eastern Morocco and those assets will require time, human resources and capital. At Sidi Moktar, Sound seeks a new partner to share the burden. It is anticipated that the 2018 work programmes will be supported by a farm-out, assuming a deal is done in sufficient time. Sound says it has one �potentially drill ready� prospect in the deep play, and it expects additional wells will require additional insights from seismic work. Sidi Moktar is essentially a secondary project to Tendrara, contingent upon some form of partnership or funding deal � as such, a transaction presents yet another potential value catalyst. Overall, it again appears that Sound Energy is a standout stock to watch in AIM�s oil sector - which is just as well, because the company�s not likely to be shy in presenting the market with updates

Morocco-focused gas junior Sound Energy PLC (LON:SOU) shares are up almost 25% this week, as the company issued five stock market statements in five days. The daily communications included progress reports for the group field development and separate exploration efforts at the Tendrara project, as well as the launch of a partnering effort for the Sidi Moktar exploration venture. It�s not exactly clear why investors have been peppered with updates in this way. This observation comes without any agenda, though the sector�s more partisan followers may wonder whether some of the week�s announcements could�ve been folded into others. READ: Sound Energy applies for Tendrara development concession It could, easily, be the case that Sound Energy�s communications and investor relations are simply on-the-ball. And, unlike less efficient teams in the junior market, Sound�s management is simply keeping the market abreast of developments practically in real time. Regardless, it is plainly becoming an increasingly busy period for Sound, and, whatever the motivation or approach, what is clear is that the company�s strong retail following is very much re-engaging with the stock and the company�s story. With multiple work-streams now underway, there�s a number of value catalysts coming down the line for investors. Tendrara exploration and development advancing in tandem East Morocco is the primary focus for Sound. Here, the portfolio essentially comprises three areas, of which the Tendrara discoveries (47.5% owned by Sound) represent the most advanced of the three components. The area that the market has known as Tendrara spans some 9,000 square kilometres and it is made up of eight permit areas � and has been so far host to seven wells. Tendrara itself can be separated into two distinct ventures. One is a field development project which, as we learned this week, is now on the path to production. The other is very much focussed on exploration, along with two additional areas that span a further 14,000 square kilometres. In terms of the exploration story, Sound this week told the market that it has another 8 well locations that have just been granted environmental approval - specifically, though, it is presently preparing to drill at least two new wells later this year. These are likely to be exciting wells. The A1 prospect, to be drilled this year, is for example estimated between 278bn and 1.25 trillion cubic feet � from the low case to the high. Investors can expect to see newsflow coming across the two-track project; both exploration (seismic, prospect estimation, and the lead up to drilling) and development which is building to towards project sanction at some point in the coming months. Sidi Moktar presents another opportunity, subject to a deal Quite separately, the group also owns a 75% stake in the high potential Sidi Moktar explora

SE Condensate is more like a bottle of Bollinger, compared to oil that is more like a bottle of Dog !! Give me a bottle of Dog anytime? Sound Energy after 5 x RNS on many a radar who's looking over that fence.............Bring on the GAS!

Exploration This is what I am saying as the condensate separates from the gas,it will require handling. This amount of condensate will not require a pipeline just a side stream small facilitie and we will not be worrying about it, let the OTHER operating company who would own the field, they can determine how they deal with it. At the cluster a first liquid'gas separation will occur with a final separation and extraction of the CO2 will be carried out at the CPF. The stream of gas will be brought at spec to be injected in the Tendrara Gas Export Pipeline (TGEP)and consequently in the GME.