Member Info for jt2017

Hi Surfit, it is listed here:

https://www.chambredesrepresentants.ma/fr/espace/commission-des-infrastructures-de-lenergie-des-mines-et-de-lenvironnement-1/agenda

Will still have to pass through the 2nd house before royal assent, so still some time away IMHO

Https://leseco.ma/business/exclusif-amina-benkhadra-a-ce-jour-379-puits-dexploration-ont-ete-fores-sur-le-territoire-marocain-dont-47-en-offshore.html

Maybe, Murphy didn't have a choice if Char was talking to someone else, as hinted by them last year.

Offshore interest near to our license is a positive IMHO.

Https://hydrocarbons.onhym.com/en/exploration-acreage-map

Click on the yellow sections

Could be just outside Rissana?

More offshore exploration in Morocco?:

https://www.linkedin.com/posts/onhym_onhym-murphy-energy-activity-7420481377797566464-O97f

New company registered:

https://find-and-update.company-information.service.gov.uk/company/16975450

Something must be happening. IMHO

Onhym bill latest:

Meeting of the Commission on Infrastructure, Energy, Mines, Environment and Sustainable Development on Monday, February 2, 2026, just after the plenary session, for the examination of the draft law No. 56.24 concerning the transformation of the National Office of Hydrocarbons and Mines (ONHYM) into a public limited company (SA).

They did set aside some funds for the upstream O&G from the last raise. I suppose it all depends upon the price of the O&G production asset that they are looking at. Probably cash and debt IMHO.

Do you mean debt serviced by future production revenue?

Oiltdr, how do you see them financing the acquisition?

Ian, very sorry to hear your sad news.

Stay strong during this difficult time.

Doesn't Quiver Oil & Gas currently hold 33% of the 2714 license?

The company is in a much better position than this time last year, but the sp remains around the same level. That said, there are plenty of milestones yet to be announced that should drive the sp higher this year IMHO.

The power business is close to self-funding, if not already there and any share raise in the potential spin-off company will probably be via a new investor (maybe ACWA)

The high risk / high reward O&G business is expected to be funded in the same way (via the sub). The dilution will happen at asset level, which is easy to understand with a farm in re-the Morocco licenses, but I’m not sure how it works with the purchase of a producing asset, as we don’t have much else to offer? I expect all will be revealed within the next 6 months.

It is still at the 1st reading stage:

https://www.chambredesrepresentants.ma/fr/agenda/examen-du-projet-de-loi-ndeg5624-mardi-20-janvier-2026

I think they were intending to test Loukos, but the A3 failure and Enog backing out changed their plans as they needed to conserve cash. So a farm out is the best option risk wise IMHO.

I don’t remember any specific timescales mentioned for Loukos at the agm, but DW did say to me that there was more interest offshore than onshore, so I don’t see Loukos as a priority at the moment.

They are achieving some of things mentioned at the agm, albeit at a slower pace than expected, though I expect a lot of the delays are outside of their control.

It's still at the first reading stage and the latest meeting was postponed. Has to pass through 2nd reading before becoming law, so still a few months away yet. IMHO

Good to see that you are sounding more positive Harry.

Merry Christmas

In space now

Remember, as part of the deal Chariot now hold 65% of the new sub, with Mahlako holding the other 35%. So this dilutes our holding in Etana and the generation projects. That said, I believe we are well on the path to future revenues for the renewables business. Just need some progress in the O&G side. I'm still wondering how they will fund the production ventures in the O&G business? Will they do the same and create a new sub then dilute to a third party to raise funds, or do they have enough cash to fund alone? I suppose it depends upon the size of the assets they are looking to purchase. IMHO

Https://www.blueorigin.com/missions/ns-37