Member Info for highlandmatt

Looking at Snowcap 3 (shallow) being drilled as a shared venture with drilling contractor, so minimising outlay. Snowcap 4 is planned to be 100% PRD. Have 3D seismic.

Confirmed not planning to delist.

Jurassic farmout - now preferring a larger (total) divestment. Targeting bigger values.

Fair play. He's talked non stop for over an hour. Good explanation of overall strategy. On to Q&A now.

1 Nov, if no response from Ireland, going 'no win no fee' legal route.

Repeats 150 square km biogenic gas basin with two different fans.

Says everyone happy that nutech shows 80% gas concentrations.

Four different levels of gas in Mou3. Reservoir unconsolidated. Proved formation damage. Talking about sands giving 25mmcfd flow potential. Reminds gas and helium samples from the well, including helium even with the over balanced mud.

PG is happy with Morocco and T&T. Happy with in T&T country manager and contractor.

Did I pick up he is talking about divesting everything in a oner?

MOU6 pushed back due to preparation times. Design mud system, casings, then have to import.

Have to say, he's relaxed in to the this. All off the cuff. Happy talking about Morocco. Strong relationship with ONHYM.

Talking of being further forward than Ireland, which was a £7bn deal.

Ooh. Started commercial process of talking to potential suitors. 6 month timescale.

Share issuing capacity for a) distressed cash generative assets, b) negotiation positioning.

No. Long term holder here.

Confirmation of 280 bopd production in T&T.

Interesting comparisons with resources proved in Ireland and what it was worth versus what has been proved in Morocco. Guercif 4x bigger so far.

Snippet about government tender for initial FSRU ideas.

Here we go. Squashing rumours already.

Nothing concrete. It is usually a ring-fenced fund required by governments/ministries to stop operators just walking away from an asset and leaving the clear up to others.