Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
I'm not sure if this has already been posted from this mornings RNS, but it caught my eye.
'We are excited by the biogenic gas potential at Guercif and the areal scale of the individual tested structures, which is unique for Northern Morocco, but not in terms of the large biogenic gas finds in the area of the Mediterranean region.'
New Irish PM to name his cabinet tonight, fingers crossed Ryan gets the boot.
https://www.independent.ie/irish-news/politics/who-is-peter-burke-the-junior-minister-hotly-tipped-for-promotion-in-simon-harriss-cabinet/a1027259360.html
Morning
The stupidity will last until Ryan is out of office, like all politicians he thinks about himself and then party politics, if he changes his rhetoric from windmills to gas, he and his party lose face.
Ryan will be hoping the decision is taken out of his hands completely, the clock is ticking and he will be aware of the fact.
Https://news.sky.com/story/irish-prime-minister-leo-varadkar-steps-down-13098527
Local elections coming up in Ireland, recent referendum not going to plan, MP's stepping down at the next General Election, GE in Ireland by March 2025. He knows the games up, lets hope Eamon does also.
Keith The problem in Morocco is there is no kit in country for oil and gas, everything has to be shipped in and cleared through customs, hence the delays, a bit like the train back to Manchester.
I'm not intending to bring any rotten tomatoes, I understand people's frustration at not knowing where PRD are going with this and the timelines not being met.
Communication has been poor, I think we can all agree on that.
I would point out something I noted from last years presentation, there was much speculation on this board prior to the presentation, much of which turned out to be incorrect, I suggest we see what unfolds and then make our comments.
JH, 2500 psi is high pressure, the point I am trying to make and you seem to have missed it, if PRD are using Sandjet to cut through on one side and 2500psi is pushing at the other side, then there is a very good chance that gas will flow.
My background is construction, I have seen when a water main with 80 psi fractures, and the effect the water escaping from a relatively small fault can have to the fabric that surrounded the fractured pipe, even at 80psi.
Regarding your comment about a higher pressure found elsewhere, could you elaborate, what was the outcome?
I'm sure there are many examples to be found online like the one below.
https://www.oldham-chronicle.co.uk/news-features/8/news-headlines/100917/that-sinking-feeling
I know this is a water main in the clip, but just to highlight how pressure works especially when something that is pressurised finds a way to escape, UK mains water pressure is usually between 30 and 80 psi according to my research and about 14 psi by the time it reaches your home, PRD found 2500 psi whilst drilling.
https://www.youtube.com/watch?v=te9H8sV3cCY