Member Info for ericnat17

1 million order on the bid

well over a billion pounds worth of gas now has a route to market.

And that is from a tiny percentage of the total acreage. I think there may have been a realisation in Morocco that Sound holds al of the cards and has the best license onshore and they need to exploit it.

Very positive news flow to follow no doubt.

Market makers moving up. hopefully a steady rise this time

do we need Phase 1 LNG now?

We may be able to use the PHASE 2 as leverage to get a better deal on phase 1.

“ result in first year gross revenues attributable to the Tendrara concession (100%) of US$84 million”

Add this to the revenue from phase 1 and we are looking at over 100 million a year. For the concession.

We are now looking very attractive as a partner. Or potential acquisition.

What was the broker estimate for phase 2….I think it was 9p. And that was without any annoul or sidi upside.

Back. In the big time

My guess is everything almost in place.
Morocco very keen to get gas out now
Tax issue to go away
Lots of news over the next few weeks
Phase 1 notice to proceed delayed to renegotiate the sound finances. But will drop before Xmas.

Situated in eastern Morocco near the Algerian border and sharing similar geology, this basin has the potential to provide substantial gas reserves (Figure 3a).

https://www.geoexpro.com/articles/2021/11/productive-petroleum-basins-of-morocco

https://www.hozint.com/2021/11/the-implications-of-the-israeli-moroccan-agreement-on-hydrocarbon-exploration-in-the-atlantic-dakhla-block/

Good find.

All coming together nicely.

I think the exit date is interesting. The same date for FID and deal deadline.

That should be a bit of a clue……he is hanging around for the completion…job done…move on.

Hmmmmm

Very interesting. Could be a very positive sign. Would love this to be the start of a buyout. Probably not but nice to consider….

https://new.in-24.com/News/302589.html

This was revealed, this Monday, November 8, 2021, Leila Benali, Minister of Energy Transition and Sustainable Development, to the House of Representatives, during a plenary session devoted to the national energy strategy. “Hydrocarbon deposits in the Kingdom remain insufficiently explored,” she said.

Leila Benali unveiled, this Monday, November 8, 2021, new data concerning oil and gas exploration activities in Morocco. The Minister thus indicated that the research activities, carried out by international companies, in partnership with ONHYM, cover a total area of ??233,600 km2, divided into 9 operating licenses and 53 exploration licenses, including 26 offshore licenses.

Well that was as subtle as a brick

The multiplication of import, storage and even packaging methods should secure the supply and ensure its flexibility. The future exploitation of the Tendrara gas field by the British operator Sound Energy should also meet national needs. The exploration company is said to be in talks with a Moroccan operator specializing in the distribution of hydrocarbons who will take care of the road transport of the extracted gas pending the establishment of pipelines that will link the Tendrara field to the main industrial zones of the Kingdom.

https://www.lopinion.ma/Gaz-naturel-Arret-du-Gazoduc-Maghreb-Europe-et-maintenant_a20273.html

Think we may see a steady climb now that macro politics and contracts are in our favour.

May also see an end to the tax issue,

Great news.

The tricky prerequisite has already been met. I.e having the buyers for the LNG is done.

Now just the contract and renegotiation off the 18 million. We are going to get that at even a better rate.

Sound now in a very strong position. Can we leverage it.

Good find Ducati. GL starting to play a little hardball.
News is about to start flowing.
Customers queuing up.

All good