Member Info for ericnat17

Has the site visit been all confirmed?

Morocco and Algeria to extend gas supply contracts

MARRAKESH, Morocco, Oct 1 (Reuters) - Morocco will extend contracts to import gas from Algeria and take full ownership of a gas pipeline linking Algeria to Europe, Algerian energy minister Mustapha Guitouni said on Monday, in a sign of cooperation between the neighbouring countries.
After a meeting with his Moroccan counterpart Aziz Rabbah in Marrakech, Guitouni said that further meetings will take place to agree on the terms of the contract.

Could this be why the GSA negotiations are taking so long?

1 octobre 2018

The US Agency for Trade and Development (USTDA) has just awarded a grant to the Ministry of Energy, Mines and Sustainable Development to carry out a feasibility study to evaluate the construction of a LNG terminal and a regasification facility for liquefied natural gas (LNG) connected to the Maghreb-Europe gas pipeline (MEG). The completion of this study was entrusted to the American company Lixia Capsia Gestionis LLC, which will evaluate potential sites for the development of this project. This involves the development of a LNG import terminal, a regasification facility that could produce up to 5.3 billion cubic meters of natural gas per year, and a pipeline connecting the MEG pipeline terminal.

With the main objective of meeting the growing demand for natural gas in Morocco, this project will also create new business opportunities for US companies, according to Thomas R. Hardy, USTDA Conference and Public Affairs Director. As for the Moroccan ministry, it said that, as part of the Moroccan energy supply, gas plays an important role in the diversification and security of energy. The feasibility study will therefore provide the Moroccan authorities with factual information on the future role of LNG in implementing the country's energy strategy.

Lixia Capsia Gestionis CEO Matthew Meredith said: "We look forward to working closely with the Government of Morocco, represented by the Ministry of Energy, Mines and Sustainable Development, to advance the goals national energy systems ". Stephanie A. Miley, Chargé d'affaires at the US Embassy, ​​supported the US government's support for Morocco's efforts to provide reliable and efficient energy to its citizens, welcoming the excellent cooperation between both countries, in the energy sector as in other areas. As a reminder, the USTDA supports companies in creating jobs in the United States by exporting goods and services used in development projects in emerging economies. The USTDA connects US companies with export opportunities, funding project preparation and partnership-building activities that develop sustainable infrastructure in partner countries.

Reuters
1 Oct 2018 13:38 GMT

Morocco prepares tender for $4.5bn LNG project

Morocco is preparing to invite bids for a liquefied natural gas (LNG) project in Jorf Lasfar worth $4.5 billion, energy minister Aziz Rabbah said on Monday.

Speaking on the sidelines of an energy conference in Marrakesh, he declined to give details.

Morocco revives LNG terminal plans

Read more
Last year, Moroccan state-owned power utility ONEE said it had picked HSBC Middle East as financial adviser for its plan to boost imports of LNG.

The project includes the import of up to 7 billion cubic metres of gas by 2025, and the construction of a jetty, terminal, pipelines and gas-fired power plants, officials have said.

Morocco, a net energy importer, aims to diversify fuel supplies and reduce its dependence on foreign oil and coal.

Jorf Lasfar, where the terminal will be built, is situated on the Atlantic coast near where state-run phosphate company OCP and Abu Dhabi National Energy Co (TAQA) have facilities.

There’s a few buys

The problem is there are no buyers. Plenty of sellers, looks like all committed.

I think this may have gotten little out of hand. I for one apologies MK.

I think we have different views which is fine.

That’s the last post I will respond directly from you.

Truce.

Wow, so that’s your retort, inferring that I am GAY. Oh well I can live with that. Now where is that big hug you promised me....

MK I think I know what you mean by originality, I think I need to make some fantasy up about being a confidant of the CEO. He told me an important message, It’s top secret, so sorry if I tell you, I will have to kill you sort of thing. Yes good idea.

Wait a minute, sorry that is another persons idea, there’s me jumping in the band wagon again, bummer...

Sorry MK, why would you post that you know something that no one else on the board could know. And what you know is very important, but I will never never tell anyone this information. Just don’t post that you know a secret.

Joe is correct is does sound like a religion, please believe there is an afterlife in heaven, I cannot prove it, but really really it does exist, God told me.

No offence to any religion or even you MK, just agreeing with Joe very astute observation.

Thanks Jack, sounds a lot better than no stimulation and no testing. So we might get some meaningful data before Christmas. Let’s hope Santa’s sack is bulging.

Shaun

There where some biggish trades on Thursday but to be frank, I did not see much yesterday, but could be wrong. If he sells again does I guess it will be more options, which is cash for Sound. But as stated we do not really need more cash at the moment.

Seems reasonable, but with sentiment the way it is I would hope they try to stimulate to prove the flow rate. Cash in not tight as we undertook a raise recently. And timelines have slipped so much that what’s an extra few days.

Another rumour was that we would not be testing the flow rate of TE9 before starting TE10, was that rumour quashed at the deep dive.

Ding.

I don’t remember them saying that they would not be mechanical stimulating TE9. They will need to demonstrate that they can get good flow rates.

Job

Just one thing, the geologist at the deep dive does not say we are 10mD. He says we are low permeability that is Below 10mD. Listen to that bit of the video again, if I am wrong then sorry, but pretty sure I m not.

I am not saying JP is conman, very far from it. But I do believe that he has derisked to a certain extent by using his options. And he did this at the same time as he was email a PI saying he stands by his Gherkin comments, if so why sell. Just hold onto the options and then convert at the LE.

No worries, Jobs. No offence taken.

Please Understand I have hundreds of thousands of reasons why I want this to be a success. I never post my investment strategy, but I can imagine that I am not alone in my frustration.

That I only post when the SP is falling.

SP which has left you floundering

Sounds pretty much lack a personal comment.

I would not say devastation, I have just pointed out to another poster that the SP is underpinned at 60p.

The other posters gave the original poster a few negative comments.

But hey spread your misinformation if it makes you feel better.

So by me pointing out my concerns, you are describing that as lack of control and floudering.

In what magical BB world do you live in where the positive posts are acceptable and all the questioning posts have to be degraded by personally attacking the poster. Sorry buddy, try again, this time with feeling.

The latest broker rating has are target at 60p, as far as as I am aware that really only takes into account then proven TE5 Horst, so the 3 wells are all upside to that.