Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
I write to lonny asking how the energy summit went . I got this reply:
Hi Rob, yes. I will tweet an overview of the Summit now. It was great, we got a lot of coverage and stole the show. We learned a lot of things which I was very surprised of, in the end, believe me, you are in good hands. No guarantees of course but we defiantly ruffled some political feathers, which was our goal. We won. Best Regards, Lonny
Hopefully there will be a write up of what Paul said and any reaction .
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.
The thing that really made my blood boil was the fact that every single RNS with positive news would end the day in RED ...... no matter how good the news was the share value would fall..... the was a reason for it falling ......
The bad news comes was PHs fault
The good news comes was PHs fault ( lack of confidence?)
PH was not good but was played .....
So transparent was the agender.
So long and thanks for all the fish ( hitch hikers guide to the galaxcy)
I am sure they also had many supporters with holdings below the threshold . It is hard to know if they have also pulled out . There could still be a final few big sells if the remaining supporters are leaving. Hopefully they have gone. Or staying as they want a return. It will become clear over time.
The reason PH was being removed was because the Scottish duo wanted control and a company to use for their own selfish ends.
The reason he survived was not because he was any good at the time but because there was total distrust of F&F assetstriping.com
They never had any interest in bloe as a company, only as a useful way of making short term money at shareholders expense.
If they really had block energy well being at heart they would not have sold out .
This company is doing okay now and they are a massive part in the low share price.
This is in fact excellent news.
I really hope they have lost a lot if money .
Today is a good day !
Lots of good stuff done by Odeless over on Reddit . Many thanks for your research .
10 days of Covid finally over . Not the best 10 days of my life but with vaccines it was okay .
Now I will return to my beach life!
Link:
https://www.reddit.com/r/PredatorOilandGasPRD/comments/u97u9p/2022apr22_ireland_imports_more_gas_to_meet_energy/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
https://t.co/ezGN0Lm4QF
Some 80 per cent of Irish companies do not believe they will meet their carbon neutral targets in 2030, according to a new survey by professional services firm EY.
The dismal finding comes as many western countries drift back towards fossil fuels in response to the current energy crisis and the potential threat to energy security.
EY’s “state of sustainability” report suggests that four out of five firms in Ireland had “low confidence” in meeting carbon neutral targets in 2030, up from 66 per cent last year.
Despite this, firms were found to have increased awareness of sustainability considerations and implications they had for the business.
“As organisations look more closely at their carbon ambitions, they’ve gained a deeper awareness of the various challenges the transformation will introduce,” head of sustainability at EY Ireland Stephen Prendiville said.
“ With this understanding, Irish business leaders are also experiencing a greater sense of concern around the achievement of stated goals,” he said.
“ Business leaders are also facing headwinds amidst the ongoing energy and inflation crisis and challenging geopolitical issues,” Mr Prendiville said.
“These factors, combined with less time to achieve the 2030 goals, mean that we are seeing lower confidence reported,” he said.
The current energy crisis – aggravated by Russia’s war in Ukraine – underscores the need to move away from fossil fuel dependency, particularly in Europe, while at the same time highlighting the global economy’s stubborn reliance on fossil fuels.
EY’s survey, carried out earlier this month and based on what it said was a representative sample of businesses with 50 or more employees, also highlighted the key motivations behind sustainability-related actions, which included compliance (returned by 28 per cent of respondents, up from 16 per cent last year) and doing good for the environment (25 per cent, up from 22 per cent).
Some 40 per cent of respondents agreed their company’s sustainability efforts to date have positively impacted the bottom line, down slightly from 44 per cent in 2021.
While most firms said they could see the potential positive impacts of driving towards their sustainability goals, just 36 per cent said their organisation were experiencing opportunities for value generation from sustainability, ESG (environmental, social and governance) or net zero strategies.
With compliance now the dominant driver of sustainability efforts, this focus would appear to be at the expense of any value-based opportunity, EY noted.
https://twitter.com/energysummit22/status/1517051771683852288?s=24&t=RO4aledoxDVQX9uSQcftew
https://energysummit.ie/agenda/
COLLABORATING TO ENSURE SUPPLY, STORAGE & SECURITY
11:10
PANEL DISCUSSION:
Coming together to plan, build, operate and support the development of the country’s chief renewable energy resources
As Ireland transitions to an energy system with increased electrification of heat and transport, coupled with increasing levels of renewable energy, it is essential that robust solutions are put in place to ensure continued energy system resilience.
How can we attract investment and support indigenous business to innovate and accelerate in this space?
What is the impact of carbon taxes on households?
Paul Griffiths
CEO Mag Mell Energy Ireland Ltd
Muireann Lync
Research Officer, Economic and Social Research Institute (ESRI)
Robbie Aherne
Head of Future Networks, EirGrid
Interesting read nicodemus.
What is crystal clear is the need for a stable and constant energy supply. Data centres will demand this .
Green energy is a great way forward and over the years it will change the world and we will become less reliant on traditional means to power the future .
That's all well and good and for the last few years the politicians have looked at vote catching policies that sound great and in time can work .
However and it's a big however , wind turbines and current means are woefully out of kilter with the demands of the Data centres, consumers and industry.
But they continued to talk and discuss and plan and waffle .
Then came the war.......
Good luck Paul at the upcoming ireland conference. You would hope that behind closed doors some kind of agreement can be hammered out . There will be massive publicity and new contacts to make and ....... maybe a deal or two !
Anyones got any thoughts on what PG is likely to achieve in the short and long term . It is a very worrying and somewhat unreal position that Europe is in.
I feel that if they wake up and listen to PG and take us onboard we will see the true share worth for our Ireland asset.
All to play for .....
You could well me right and its it's only my personal opinion .
However he is very unlikely to be kicked out .
For now I will return to my beach life and surface bronzed and hopefully not so far under with this share !
Geowiz are you in need of attention again? There, another response to you stupid post. Feel better now you have got attention .
Each time I say simply read the RNS you dont reply . then you wait a while and write the same lie.
Boff it wasn't what you were saying about PH. We all feel the same.
It was for you inability to write anything constructive.
Just repeating the same mantra every week with no other viewpoint is of no help.
Now we have yet another wait for the side track and hope it is successful.
Rubbish management and I have written to them but of course no reply.
A new leader will make no difference . The market wants repeats results to trust this company.
Block do not care about shareholder value.
Deluting and nothing to drive us forward in the short term.
I can see no option other than waiting out their side track program.
There are positives but will need to have success over the next few quarters.
There is a good chance of continuing with this slow and steady progress and creating some real returns .
Frustration and annoying but it's a share that is heading in the fight direction.
I will continue to hold .
Wish you all well
MMR
A great RNS on Q1 ling term looking good .
However this stupid delution has wreaked shareholder value. Its disgraceful.
We now have a share that once again has nothing to drive it forward for many months to come.
A very encouraging Q1 Operational update.
Average with everything online 630 boepd
That's is what we are now producing each day.
Average gross production rate 512 boepd
That was without WR-38Z that was off line most of the quarter and missing a few weeks of JKT-01Z that started producing in min January.
Q4 production rate was 376boepd
Great improvements from Q4 to Q1
Current 630 boepd.
Q4 376 boeod
Cash positive
WR-B01 is funded and will happen soon . Also pleased to see the pipeline being installed for the gas monetisation. Shows that they are confident.
But the time Q2 results are posted we should have enough for another side track.
I think we have existing funds for two more.
A company that can fund out of profits is one that should attract buyers.
The more side tracks we drill the better our profits. Future side tracks will help with natural declines in overall production.
Slow and steady progress.
MMR
Trinidad:
Interesting post from Private T at 21:26
I still think we can get some value from this asset and interested to see how this pans out. However I think this will be a slow burner.
Ireland:
This in my opinion is the asset that will give us the first real wow moment. We are a small but vital cog in what is going on in the world in regards to energy and Ireland needs to wake up to the real world. PG has something to offer that will help with their massive energy problem and it is a massive problem. He will have his opportunity to publicly address very important and influential people. With a large press coverage . There will also be many behind the scenes conversations.
I am sure Paul is already in dialog with interested partys .my personal view is maybe get a deal that will release funds into Predators bank account. The demand is now and of course any deal will benefit us big time.
Morocco:
Fantastic asset but needing funds to bring about the returns we crave for. Placement has given us the first stage but this will be a slower project than Ireland venture. It would make sense to use Ireland asset to fund Morocco .
The world is changing and it is a challenging time. The loss if life and destruction is happening all over the world and Ukraine will need years to recover . Russia and Ukraine are massive exporters of many things that are vital to us all.
This makes our assets even more valuable.
One last comment on some of yesterday's postings:
It a time of sorrow it was embarrassing and cringeworthy how troll like people get their kicks.
We have the rampers here full of their personal opinions:
They also contribute with positive and negative postings .
We have the excellent factual posters:
They simple research and post .
We have the derampers full of their personal opinions:
They tend to find it impossible to write anything other than personal insults and negative views.
It help keep a balance BB
My share trading like most others is based on research and the big egotistical posts are just .... egotistic but do tend to have something useful to read! The research posted in here and reddit is of great value to myself and all new investors.
The world is in need of what we can hopefully offer.
Let the management do their job.