Member Info for MikeGP

Hb..

From the last Trading Statement:

"Whilst airport security remains the key focus of our Managed Services Division, there are also other opportunities such as port security and other infrastructure security solutions that we are pursuing."

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Own up... has someone been looking behind the sofa again?

That was a bunch of change in pretty short order.

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.. everyone heading off to Tendrara this week.

Hope that you have a fun, exciting, interesting time.

Clearly,.. any feedback will be eagerly awaited.

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If the LE was £5 I think we club together hire that boat again and have the mother of all parties.... I,..like many on here,.. wouldn't be going in to work the next day!

We can only dream!

No fizz? I'll buy you some fizz.

H&N,

Nice work...... and for me... in respect of the Tech Division,,,, this stood out:

‘Our Technology Division continues to win business from countries across the world and is developing a number of large scale opportunities in addition to the $4.5m Middle East contract secured earlier this year.’

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Sp,

I stand to be corrected but don't believe it works like that. Each TCF, based upon the overall figures ie the £1.50/tcf net to SOU is what matters.

As I understand it.

Gibbo,.. not really .. if there was I would have posted it,... the most interesting thing was that we was abroad,.. and obviously we hope that it is related one or both of the biggies! Equally he could just be on vacation.. although if he didn't say that is why he is away travelling:

"Dear Michael

I am currently travelling overseas and have just seen your message.

I am well thank you and I hope you are also.

I do not follow the various BBs although I have plenty of people telling me often enough of things that are said, often by people with their own agendas or speculating with various theories unrelated to any known facts.

I can certainly say that we are making progress on navigating the complex issues around the change in the US position on Iran and whilst it may frustrate some people it is absolutely right that we make sure everything is properly in place and before we start the project. Dont forget we already have a signed contract and if it were not for Trump we would already have started - we have never said it is not going forward just on hold whilstbthings are sorted out. This was and remains a major achievement something some people seem to ignore....."

Not sure that helps,.. but to me,... the tone suggests that once the 'housekeeping' is done,... this will happen.

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E-mail exchange yesterday.

Good idea though,.. getting him chipped... but I'd be worried about him getting through airport security!!!

Hmm,… Ian,..if only,,… that would be a Veyron moment for many. Buggatti would have to open a new factory!!

However,.. let’s work with what we know now,… and perhaps look at a more realistic outcome?

For me that means using the mid-case figures put forward by the Company… ie O.6 already ‘banked”

TE-9… another 0.6 mid case
TE-10..another 2.6 mid case
TE-11.. ?

So possibly by Christmas we will have line of sight on circa 3.8tcf,…( 0.6+0.6+2.6) drilled and flowing.
If we apply 50% recovery factor,… ( we know the issues with tight sands etc.m).. that give us 1.9tcf recoverable… apply the £1.50/tcf figure and we get circa £2.85/share

We still also have line of sight on the balance of the overall base figure of 17tcf….ie 17-3.8=13.2tcf
As that won’t have been drilled any value attributable to that will have to be heavily discounted,,.. lets’ say by 90%. So we have further inferred resources of circa 1.32tcf,… of which 50% recoverable = 0.66tcf…. x £1.50….. circa 99p/share

Total for Tendrara= £2.85 + £0.99= £3.84/share

You could say that I have been really pessimistic. On the other hand you could say I am optimistic,… I have assumed the first two drills hit…and we achieve mid-case figures. Nothing in there for TE-11 or Sidi.

Anything north of £3 and I hope the Board would be considering it....when I look at the current sp... even that seems pie in the sky,... but I remind myself of James' comment,.... " ..there has never been a bigger disconnect between the sp and where we are at".... or words to that effect!

PF is out of the country at the moment travelling. Maybe holiday,.... who knows?

Prime,

"If Te9 is commercial there might be an offer for us. But if Te9 is commercial surely we should move on to the Te10 then te11 each hit will put use at a higher sp banked. Well that's the way I'm looking at it. Really do want a go at the Veyron that's what investing in this share is all about stake your money for high risk for very high reward"
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totally agree, a hit on TE-9 and a signed GSA will/should(!),..underpin the sp and LE event offer at a much higher offer,... why not push on with the other drills,.... at the very leat do TE 10-..... the drill site will be ready to go etc., and the volume of gas targeted is much higher than TE-9.

I think we drill 2,.....of the 3.

Anything £2+ /sp would be welcome,..... is that too much to ask..or pie in the sky.? Seems like a long way from where we are now.... but it's also substantially less than I had originally hoped we would achieve.... I had aspirations of £3-5. Fingers crossed,... let's get drilling and put us all out of our misery!

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https://www.bbc.co.uk/news/world-africa-45809810

Aviation Minister Kabineh Kallon told the BBC that the project, which was due to have been completed in 2022, wasn't necessary and the country's current international airport would be renovated instead.
He said current President Julius Maada Bio "didn't see any need for Mamamah [the proposed airport]" and was considering building a bridge from the capital to Lungi airport - the only international airport in the country. Currently passengers need to get a boat or helicopter to reach Freetown.

I got the impression yesterday from the FSC,.. that perhaps they can't finalise the GSA until they have a better feel for volumes?

Unfortunately it is such a driver of 'value' that I think we just have to be patient,.. it will take as long as it takes. We have a more than capable deal maker at the helm and we have to trust him to get the job done.

But i totally agree,.... it would be lovely to have that in place.... like most I feel that it is instrumental in under-pinning the sp.

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Next 6 months should prove interesting
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Next 6 weeks should prove interesting!!!!!!

Prime,.

I looked on the link for the FSC earlier to try and find it for someone else who has for the same link. It doesn't look as if there is a link to it at the moment,... you might want to e-mail sarah dees and she might be able to help.

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h&n,

Hope that you are now down to a sensible average and will be rewarded for keeping the faith! An interesting few months ahead,.... and worse case scenario a good set of figures will be revealed at end of Jan for the first time in a long while. Fingers crossed for signing/agreement of the Contract Addendum soon. I wonder if they will RNS that?

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Has no relevance to SXX whatever. ... unless you think Tin would make a good fertiliser?

European governments working on the SPV will have to find a way to counter such measures. On a technical level, they may be able to use creative structuring solutions. The SPV could be set up primarily as a payment mechanism for only small and medium-sized companies that are content to be excluded from the US market. And the mandate of the SPV could initially facilitate just payments for trade that is exempt from US sanctions.

The SPV is most likely to succeed if takes this approach, starting off small and gradually expanding. The basic structure of the vehicle is replicable. One SPV could focus on sanctionable trade related to support for Iran’s oil, automotive, or aviation sectors. Another could be limited to sanctions-exempt trade in consumer goods, food, and pharmaceuticals – allowing multinationals to use it as a convenient payment channel. With multiple SPVs available, companies could engage with Iranian entities in accordance with their appetite for risk and their business models.

Each SPV could take a different form. It could be a stand-alone, state-owned bank; a conduit for payments that European central banks ultimately facilitate; or simply a clearing house for companies that transfer money to Iran, repatriate funds from the country, or engage in barter trade with it.

https://www.ecfr.eu/article/commentary_bankless_task_can_europe_stay_connected_to_iran

Hi SE,...

How do we get to 'two' remaining parties? RNS says "a few"?...or has something been let slip at one of the evening presentations?

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