Member Info for Footandmouth

13.36 post BRV. First rate

CUBE. - - - When it happens, it will happen FAST.

Seatbelts fastened.
Seats upright.
Tables and trays stowed.

Awaiting ground clearance and taxi to runway.

Cabin crew please take your seats...

If share suspension were ever on the cards a Friday wouldn’t be the worst choice. Weekend for meditation. That would be rather nice.

The circumvention of normal planning process and the provision of financial guarantees from the government for gas storage capacity and importation must be a strong possibility in Ireland. Politics is a ruthless business when calculations change.

Are we talking about an agreement to purchase future field equity with an agreed valuation formula in return for funding now ? . Each % hopefully being much more valuable as we progress so retaining greater % for we the people ? Would that stand on its own or be part of a much larger purchase arrangement. ? Shades of childhood Christmas Eve’s :)))

Does anyone know if Andrew Murrisons replacement as Moroccan trade envoy has been announced yet ??

Keith - legal cases can be fluid long running matters. Messy business. :))

Busy updating our scout information on the results of recent Moroccan drilling. Hmm cannot find anything at all on the last Rharb Basin well .... anyone got anything new?

. PRD - -No debt and no liabilities- - - Lonny . Limited raise to progress MOU4 as GRH would prefer ?? ?. Either doing it or threatening to do it strengthens our position I think.

Fordy today’s tweet from Lonny may well be another tightening of the screw in the negotiation :)). I think we’ll look back with amusement at the amount of money some were worrying about raising. You have to ask yourself why any partner wouldn’t want the opportunity. The modest outlay has a potentially extraordinary upside.

Nick they apparently sold over £1500 million worth of gas in 2021. Not bad. Of course in a difficult neighbourhood , offshore and not next to an existing European pipeline.

Maternity ward Bob :))

Although the British Government won’t cut off supplies to Ireland, it hasn’t said it won’t “reduce” supplies in an energy emergency.
Corrib alone won’t cope with the demand. Ireland needs Gas Storage Facilities.
Time to authorise Ram Head and @magmell353 Minister Ryan.
#prd

Your average wouldn’t be 7p by any chance Lancy :))). I’ve increased my holding by about 20% on the last few weeks opportunity with some final modest top ups Friday early doors before some cracking posts from the big hitters. They definitely make a pleasing difference . No question. Up or down it’s ultimately all about the final buy out. How will they structure it ? For some outwith ISA holdings there may well be tax considerations weighing heavily. It’s going to be interesting to say the least. !!

Authorities in Israel say they have shot down three Hezbollah drones heading towards one of its gas rigs in a disputed area of the Mediterranean.
Military officials say the drones were launched from Lebanon and were shot down by a combination of fighter jets and ship-mounted missiles.
Hezbollah confirmed it had launched the drones in a short statement.
Tensions have mounted between Israel and Lebanon over ownership of the Karish gas field.

From CHAR BB - - - Review - AnchoisToday 19:27
The new information I noticed are.
Four production wells, one of which will be appraisal to be drilled and during the development, by deduction I read it as being anchois north.
The pipeline is increasing from 12 inches to 14 inches thereby increasing daily production and hence npv.
Great news
Jimmy

Agreed AB. Wacky’s mention of Ardmore points to smaller more palatable projects rising up the agenda allowing the thorn to be pulled from political discourse. There’s no friends in politics and if things continue as at present the greens will be thrown under the proverbial. Spectre’s resume was measured and compelling for me . TT is a real opportunity for great returns with minimal risk. Morocco we have the ability to progress no matter what comes from ongoing negotiations. Investors Chronicle’s front page is “ Four clues for finding company bosses worth following “ Good stuff.

Rabat - Morocco’s energy imports more than doubled over the first four months of 2022, reaching MAD 43.7 billion ($4.3 billion) at the end of April.
As Morocco imports almost 90% of its energy needs, the country is especially vulnerable to fluctuating energy prices on the international market.
While the volume of imported diesel and fuel increased by an annual rate of 15.8%, the value of imports rose by MAD 12.1 billion ($1.19 billion) because of the exponential rise in diesel and fuel.
The price of diesel was set at MAD 8,833 ($874.9) per ton at the end of April, up from MAD 4,490 ($444.7) per ton a year earlier, according to recent data from Morocco’s Exchange Office, the country’s foreign trade watchdog.
Adding to the rising value of energy imports, grain imports are equally weighing down on the country’s reserves of foreign currency, causing a deeper wedge in the trade deficit.

Think I’m the last transaction shown today . Chances of Ireland not moving much further in our direction are imo - zero. Fresh start tomorrow !

They are a small team hip deep in negotiations in at least two jurisdictions. I like to think that they are focusing on the core matters that will transform PRD and not much else.