Member Info for fraserd

Hew pretty much said they were farming out both Anchois and Lixus, they haven't got the ability to do it all by themselves.

Good the EPC tenders are already out so FEED must have finished a little while ago.

Hope he's right and the GSA are near term and very good the farm down is competitive.

Thanks well if they're still saying FID mid-year still got to complete GSA, partnering and financing before then. Busy boys and girls, hopefully.

Interesting, what project was it that Premier issued the RNS for?

Indeed might be worth your time doing some research for yourself to see how often the operating company of a field issues an RNS just to say the FEED has been completed.

Would be highly unusual to RNS FEED completion, it will just be part of a wider RNS.
Subsea 7 had Anchois down as one of ther few targets for full EPC target that they believe will go ahead in their results yesterday. They should know...
Spain/Repsol v keen to ensure this goes ahead.
GSAs tricker at the mo, see gas price volatility.

Absolutely agree from my experience outsourced IR are just a bunch of Henries who know where to go for lunch. I've talked to the Chariot people once or twice and keeping somebody good in house whose job depends on hard work is money well spent.

You might want to do some research and see how much Chevron recently paid for Orange Basin Namibia acreage, Chariot couldn't afford it and shouldn't as big wells are for the big boys only.

Many thanks.

Can anyone remind me when the GSA was timetabled in that Moroccan article from the meeting with ONHYM? From memory it was the last week of Feb but I can't find the original anwhere. Many thanks.

So far it will be $0.5m of shares, ie sod all. It's not much more than my gas bill last month and for it you get a private company that is trying to make money out of outsourcing water supply. You're not going to get many stories from the front page of the economist on a company that has the same value as a kit kat multipack.

Bad news for Predator this morning but good for Chariot, less competition for supply in Morocco.

Ah ok, so they've got 10% back in after wells drilled and namcor trying to find partner, at least it's in the orange basin though that's a positive. BW has been buying new 3D around Kudu to the south, considering extra drilling to try and add to reserves following the new discoveries.
Not massive but a lot better than a kick in the teeth.

Does Chariot still hold in Namibia? I thought it was given up with the whole wildcatting strategy after prospect s.

Well that's disappointing, big volume sells but on the plus side we're above where we were a week ago. Think the next two weeks are going to be very interesting.

It would be highly unusual to issue an RNS just to say the FEED has been completed. You complete it, review it, discuss it with ONHYM...

Hi
Apols but I've searched for that Moroccan domestic newspaper report from a couple of months ago re deadlines with ONHYM, from memory they started next week, does anybody have a link?
Thanks

Shhhhh ;)

Re ESG, the G7 changed tac last July on funding gas projects given the Ukraine invasion and funding is now "appropriate" for the gas sector.
The full emmissions of the CPF etc won't be known until the FEED has been finished and gone over ie circa now but the bods in IR are well down the list of those who know the details.
You won't find any oil or gas project in Africa that is net zero, the only one close is upcoming Baleine which they say will be net zero - but Scope 1 and 2 only.

Might be worth looking at the Sound chart over the last six months or a year if you're looking for a realistic comparison.

Never seen anyone do an RNS for completing a FEED it's just part of the process. It's not rocket science it's just engineering and it's completed and then passed on to get prices.