Member Info for Footandmouth

GRH. . . .

On very modest oil sales assumptions

Cory Moruga fast generates

Annual FREE CASH FLOW

More than current m. cap

NB: EV is LOWER than m. cap🌟

Due to nett cash/NO debt🌟 ROB suspects that :

Senior management is IN Morocco right now

Then...

After Guercif testing kick off

Will be straight out to TT

To get the oil moving

Yep...these guys really must wear NB 577s!

ROB's view FWIW:

Lid has been kept on RNSs for political reasons

Delays HAVE BEEN, similarly, out of #PRD control

This is one of the greatest discoveries of modern times

➡️ By all means...Ignore ROB's ramblings ⬅️

GRH . . . . . . Hydrocarbons migrate

They do so predominantly vertically...

Hence

1 ...E = POR x PERM x Charge

2...The STAGGERING RNS RE MOU3

issued a few months ago...

Yes, all horizons should be full😂💯

But given sufficient ENERGY, they also do so more laterally

To reach substantial distances, they need

CARRIER BEDS

which they fill ...

Then continue migration/fill/migration

#PRD has these

In abundance 😇 I strongly suspect that

The prime movers at #PRD

Will be hard at work...again...tomorrow

Oh yes...

ROB almost forgot 😂💯

Again of little consequence

Soon enough to drill a very large Jurassic structure

Of yet more multiple TCFs

Yes...'T' as in TRILLION

Some might even recall ROB posting endlessly...

'Here for Morocco'

Oh, how they laughed

GRH . . . . . . . ROB is greatly invested

In a tiny company

Debt free

Soon to be awarded

Exploitation Concession

For one of the greatest gas finds in 20 years

A company ALSO about to generate

VERY large free cash flow from oil sales

Without raising ANY new funds

That's it 😂💯. Oh yes...

One more thing...

Of no consequence whatever 😂💯

It will then achieve P1 status

DOUBLE P1 status

In two Continents

Good evening 😇

GRH . . . . Until now...

folk on LSE have not paid much attention

to the Balance Sheet

They WILL ...they REALLY will

They will want to consider what will happen

upon successful testing and GSA

YES...

1P Reserves status

TOTALLY TRANSFORMS Balance Sheets KEITH . . . Reserves can be capitalized not just for Morocco, but also from T & T. I think my PWC manual is still current, S 2.3.1., p.14 is relevant: pwc.com/id/en/energy-u…

ROB . . . Folk might want to study the RNS of 30 Nov.

In particular, the 'substitution' plan

It looks very much as if the Moulouya Fan interval ALONE

could provide both sufficient gas for the CNG project

AND be proven over substantial areal extent With all that implies re 'Resources'

There are at least TWO sets of doors

About to overtake Mr Musk's satellites💥🚚

GRH .. .. ..

The drill crew performed miracles💯

I single out controlling the unexpected

highly overpressure and very shallow

11 metres at MOU3

It was a very big deal. That overpressured gas

validated shallow trap integrity...

Boy, did it💯

Of course...

(Many folk have lost sight of this)

It thus identified a VERY clear pathway

Re migration of deep gas into

the next SIX targets to be evaluated by MOU3

That is big news

GRH . . . . . Folk on LSE wasting their time debating old stuff

As Rob correctly pointed out whilst drilling...

MOU 3 changed #PRD

MOU 4 changed Morocco

And yes...

MOU 5 will change Europe

😇😇😇

ROB . . . If ROB was still running defence strategies

(see profile)

Would NOT want any wet powder

Defence HAS to have DRY POWDER

Preferably a LOT of it 😇 ROB is here for MULTI £...not pennies

😇 Does NOT want #PRD to disclose TOO much

😇 ALL test results must be publicised

😇 REAL danger of unwanted bid

😇 BEFORE the BIG one

🔥💯

ROB posted ages ago that

#PRD would develop first mover advantage ...FMA...

Re volume gas in Morocco

ROB was WRONG 💯

It is not FMA

It is now OMA...IMHO

As in ONLY Mover Advantage

ROB now estimates the following:

SOU / SDX /CHAR onshore...rounding errors

Anchois...2029

Sorry ...

It's brutal

As to Guercif?

2024 💯

ROB . . . . On my calculations

And in my humble opinion...

The deal that CHAR announced re Anchois

Confirms the date for their first commercial gas

to be EVEN further away

Than I had originally posted

MANY months ago

ROB . . . . . Following my X commentary re Anchois/Chariot

Folk contacted me noting that

I have been quiet of late

I will merely say:

Folk might wish to calculate

HOW many years THAT project will take

To HOPE FOR

Production & sale of gas

The contrast with Guercif #PRD is stark

ROB . . . . #PRD

Folk might want to consider

All the parameters that can be measured and reported/delivered

By INTER ALIA

The Pason system

Powerful thing...technology😍💯

😇😇😇

Irish Offshore Operators. . . . . . Gas from the Corrib field in Mayo has an emission intensity that is approximately one fifth of that for produced natural gas in the UK North Sea and one thirteenth of that from

LNG imported from Qatar to Europe

Gas produced in Ireland has less emissions than the gas we are importing

GRH . . . . When the true scale of Ghawar was finally discovered ...

(Took 11 years I was told whilst in Riyadh)

Somebody will probably have uttered these or similar words:

'Good grief...

It's all BIG

It's all CONNECTED' I have no doubt

That similar words will be uttered...

MUCH more quickly

About the mighty Guercif

#PRD

Dave knows . . . . NED Carl Kindinger bought 210,526 shares at 9.5p. "His major achievements include identifying, evaluating and promoting major investment projects...mergers and acquisitions... high level negotiations with JV partners...."😏. I added today 😎 #prd

GRH . . . Re Chariot

That is no free carry!

Read the terms

Look at how the Capex costs have escalated

That's what 'offshore' does...gobbles Capex

Just as ROB has been droning on😇

GRH . . . . #PRD

'The Sleeping Giant'

Correctly highlighted:

The enormous OFFSHORE capex costs

For Anchois...

Against the very low ONSHORE costs

For Guercif

ROB highlighted it several times

Not so much a disparity

More a yawning chasm

😇😇😇