Member Info for LythamSlim8

ADNOC...

You heard the man:

https://www.zawya.com/en/business/energy/abu-dhabi-crown-prince-directs-oil-giant-adnoc-to-further-explore-international-growth-nb59ssg8

'State-led'

You've gotta laugh.

Reading between the lines...perhaps PRD won't be a Moroccan explorer come next month.

PRD conspicuous by their absence from the headline list of attendees:

https://www.energyvoice.com/promoted/534817/onhym-in-vr-to-host-the-3rd-morocco-oil-gas-summit/

Pre-erection period for the SP.

It is a good point but...overestimate the intelligence of politicians at your peril.

Whilst it is quiet,,, worth having another look at this also by KeithOz.

Succinct Markovian itinerary of imminent events for PRD.

EVERY one has the makings of a HUGE catalyst for the SP...

https://twitter.com/KQuick20704342/status/1664892891842629632

'Guercif rigless testing on track and scheduled for September execution.'

Fantastic news rosso123 - energy is life.

Can't keep a good man down.

Molouya River flooding pictures here ...

https://twitter.com/MoroccoIntel/status/1699737310000992454

Oh ye of little faith.

Something more suited to your risk profile:

https://www.nsandi.com/products/premium-bonds

Of course DonalB. Was quoting from memory...DOH!

So at current Cable that is around £2.56 - £3.4 per share (based on PG's $150-$200m per 40bcf applied to the Fox-Davies estimate).

And as Jimmy mentions, that looks conservative.

Jimmy...My calculator is now dead.

484bcf estimated by Fox-Davies

I remember PG mentioning on the Sunday Roast podcast back in April figures per 40bcf of proven reserves.

A price tag of £150m - £200m was mentioned at the time.

So 12.1 * £150m gives £1815m

12.1 * £200m gives £2420m

Granted. Never heard of that anonymous account alluding to the consortium rumours.

Though because of his posting history and transparency,

i am inclined to take GRH's similar suggestion more seriously.

If the reserves do stack up then bidding will be the natural consequence.

Pretty sure they could finance another well at Selva for that.

Looking good now.

Cashed up & ready for another well at Selva (when the permits drop).

Won't take much buying for this to shift.

He has an earworm.

Adnoc or Newmed..?

What does this imply:

'Current market dynamics support drilling activity and very near-term value creation'

Sounds to me as if the strategy to drill, and further prove up the volume of gas, is being guided from without.

Check out the new satellite pics dated 28/8

Every credit to them, these lads ain't hanging around.

Finished at Mou-4. Red objects now at Mou-2 site.