FINE DINING17 Dec 2025 11:31
KEITH 🚀🚀
Trinidad.
Current annualised net income of $1.2M. At the average E&P UK and US-listed company price:earnings ratio of 12, that should be a market capitalisation of $14.4M for Trinidad alone. At 5 to 10 x this as quoted, that would give a market cap of $72 - $144M.
Morocco
* Now TWO interested parties for CNG/LNG.
* MOU-3 testing "validated the NuTech interpretation of gas saturations and gas shows seen whilst drilling before mud weight was increased to shut off gas inflow into the well. It provided the data necessary to ensure that appraisal/development wells can be programmed to mitigate against formation damage to ensure maximum possible stabilised gas flow rates from the NuTech-interpreted gas reservoirs".
* Licence Amendment to November 2026 has been submitted, which should give time for an Exploitation Concession for the LNG/CNG plant.
* ITR for January "likely to uplift gas resources for the MOU-1 and MOU-3 structure. Validation of the NuTech interpretation of gas saturations is also likely to significantly increase potential for prospective gas resources beyond the limits of the MOU-1 and MOU-3 structure in the interval down to 950 metres."
* "The purpose of the fully-funded desktop work during this period is to ensure that the Company and its shareholders get the best possible mutually acceptable terms in commercial negotiations to monetise the discovered gas with the existing entities agreeing to join the Company in a potential FID and development programme."
All looks good to me, coincidentally just going out to slightly belatedly celebrate our anniversary, might order a more expensive dish than usual :-)
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