The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Highly irresponsible indeed? if that was all the money they have I would still go ahead with the side tract . It's why they are there.
Like all of your posts you paint a one sided view.
They have oil and gas and they are using that to fund the side tracks .
Do you never read the RNS..?
Makes you look stupid mate!
Paul's opening page:
The world has changed dramatically in the past two years. As Europe emerges from the Covid-19 pandemic, we now face the geopolitical consequences of the war in Ukraine. Security of energy supply was important before these immense challenges. With the spectre of a European gas shortage, it is now critical.
Novel solutions will be required to bolster energy security, allowing society and the economy to function and grow. Europe will also need the right transitional fuel sources to achieve the climate targets set out in the EU Green Deal. As we decouple from Russian fuels, Europe is urgently looking at alternatives to boost imports, particularly for Liquefied Natural Gas (LNG). This though is proving to be extremely difficult.
PAUL GRIFFITHS
Chief Executive
Mag Mell Energy Ireland
Pinch-points are emerging across the continent, causing significant LNG import disruption. Current infrastructure is under pressure, LNG access in key European ports is fully booked and new pipelines are needed. European policymakers are examining how to tackle these barriers, but the proposed solutions are expensive and will take years to complete.
Being on the geographic periphery of Europe, any looming gas shortage will hit Ireland harder than most. However, in a turn of major good fortune, Ireland has a ready-made LNG solution that will allow us to directly import LNG in a safe, efficient, and cost-effective manner. To the envy of countries across Europe, Ireland currently possesses a suite of infrastructure assets that can be rapidly redeployed to support offshore importation of LNG – the Kinsale Head Gas Field Pipeline and Inch Terminal.
The Mag Mell project proposes the procurement of two low-footprint vessels - called floating storage and regasification units (FSRU) and the establishment of a mooring point 50km off the Cork coast, linking directly under the sea to the Kinsale Head Pipeline. Imported LNG can be converted to gas onboard the FSRUs at the mooring point and transferred through the Kinsale pipeline and associated national grid connection at Inch, to homes and businesses across the country.
Given the tremendous pressures countries throughout Europe are facing to find alternative LNG sources, the Mag Mell project offers Ireland a distinct competitive advantage. Irish policy makers and regulators have already acknowledged the need to employ LNG in achieving our climate action targets and strengthening security of supply. In a smart and efficient manner, the Mag Mell project takes advantage of infrastructure already in place, providing Ireland it’s very own ready-made LNG solution.
However, there is one wrinkle. The Kinsale Head Gas Field Pipeline is currently scheduled for decommissioning. Very shortly, Ireland could lose this significant advantage should this go ahead. We will then be on the back foot seeking solutions which ultimately will be more complex, take longer to develop and will cost considerably more than what M
The Energy conference gave a platform for Paul to promote the Mag Mell option/solution. Although it appeared to not get any comments from the government, I did get a tweet from lonny saying "we defiantly ruffed some political feathers, which was out goal, we won. "
Ireland has data centre issues plus of course the issue of supply in the winter months. They have heads so firmly stuck up their backside that they believe a few wind mills and leprechauns power will be all they need . Its disgraceful how stupid and foolhardy their Engergy policy is.
Paul would of talked to a lot of people and hopefully gained some allies. But they need some ammunition to fire at the Government.
A White paper .....
They will be dragged screaming and protesting to the Mag Mell White paper and what it has to offer. Many more politicians will need to wake up and remove the cotten wool from their ears.
The White paper is our big opportunity to state our case.
Interesting times !
Well Jonnie....
Conviction/research/time to mature/strong belief/pinch of luck/ early entry point and understanding = a well produced doughnut
I hold and feel I will be rewarded and recent updates confirmed we are moving along in a direction that will be rewarding to the strong willed.
Anyone remember the nationwide interview with Fanny and doughnuts!
Good day peeps!
Off to the beach and will repost what mag Mell is about:
About Mag Mell Energy Ireland Ltd
Mag Mell Energy Ireland Ltd is creating an ambitious floating storage and regasification project for the Celtic Sea which is also designed to include strategic gas storage capacity at Ram Head. The project provides a unique and bespoke essential energy supply to Ireland in the now widely accepted transition period from fossil fuel to green energy. Located beyond the horizon the units would not be visible from land and are designed to be both user and consumer friendly. Proposed storage facilities can convert eventually for use as a green hydrogen reservoir and for CO2 sequestration.
The Mag Mell project reinforces the business objectives of the wider organisation, the publicly listed Predator Oil & Gas Holdings Plc, as it continues to develop its Energy Transition projects in geographic regions emitting higher than average per capita CO2 emissions due to the burning of imported coal and oil for power generation and the production of ammonia.
In the Republic of Trinidad and Tobago a unique pilot project to sequestrate anthropogenic CO2 from an ammonia plant was successfully carried out.
In the Kingdom of Morocco the focus is on gas to replace imported fuel oil and coal and potentially to provide a source of well-site power generation for the production and subsurface storage of green hydrogen. The objective is to progressively substitute green hydrogen for gas consumption to improve and diversify security of energy supply. Low capital investment costs for gas, combined with low operating costs and an attractive fiscal regime, provides the economic case for producing green hydrogen at a competitive price for industry whilst sustaining a profitable business.
This is the pragmatic and practical way forward through the Energy Transition and Mag Mell Energy Ireland Ltd and its parent organisation are already successfully executing sustainable pilot projects capable of being a role model for small- and mid-cap companies to deliver transitional change towards green energy.
Agree Private Tesla . I got into a dialog with one of the green party guys. He was spouting off about us being a gold Spencer of the recent energy summit. his view was that energy companies should be treated the same as tobacco companies and be not allowed to speak at events like that. l pointed out the obvious but you can guess the reply. Like Ryan they can only see what the want and yes a green future is something I personal like. But there are many in this world that are blind or have agender or simple to stubborn to accept that this war has far reaching consequences.
More links on the need for Mag Mell:
https://www.reddit.com/r/PredatorOilandGasPRD/comments/uq1v5s/2022may15_greek_shipper_to_provide_germany_with/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
The Council today reached a mandate for negotiations with the European Parliament on a proposal on gas storage. In order to improve EU security of supply in the current geopolitical context, the proposal aims to ensure that gas storage capacities in the EU are filled before the next winter season and can be shared between member states in a spirit of solidarity. The mandate was agreed by the representatives of the member states in Coreper.
The mandate specifies the rules for underground gas storage and possibilities for counting stocks of liquefied natural gas (LNG), while limiting obligations to a certain volume of the annual gas consumption of the member states over the last five years, in order to avoid a disproportionate impact on certain member states with a large storage capacity.
As not all member states have storage facilities on their territory, the mandate stipulates that member states without storage facilities will have access to gas storage reserves in other member states and will have to share the financial burden of the filling obligations.
Member states have also agreed on mandatory certification for all storage system operators in order to avoid potential risks of external influence on critical storage infrastructures, which could jeopardise security of energy supply or any other essential security interest.
Member states agreed that the filling obligations would expire on 31 December 2026. Finally, the mandate provides for a derogation to be granted to Cyprus, Malta and Ireland as long as they are not directly interconnected with the gas system of other member states.
When it's a blue day you moan. When its a red day you moan .
I respect your opinion on PH even though in my opinion your not looking at the now.
History is a part but bitterness is not a good investment strategy.
I get your point but don't understand why you need to keep postingthe same view day in day out. It kind of kills the enjoyment of this Bill board .
It's a share that I've lost on . That's life!
Have a great day and the sun is out in Spain!
Who's up for a beer !
Reading between the lines Tom you investrent in this stock based on hype and now your wanting to sell based on hype. good luck and hope you can make some money.
I have watched over the year ramping and recently the negative / frustration and I'm selling posts. Good luck and hope you can make some money.
I researched and read up on all I could before investing and nothing has changed other than time scale and Trinidad that has taken a hit.
Nothing more to say other that continual to read and research.
Yesterday's methodology post sums up all that is predator.
If that research is correct then we will make money .
I did my research and liked what I saw. I then purchased shares and continue to hold. Timing is something that can change, I get that but unless there is something I've missed in my research, then i will hold and leave this one to muture .
Meanwhile the problem facing consumers and industry continual while the government does nothing.
https://m.independent.ie/business/personal-finance/household-gas-and-electricity-bills-could-rise-by-another-400-this-winter-41598828.html