Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Exactly. 28th March. Fair few days ago.
Didn’t the consultation period close today? Would there not be an announcement today?
What are you talking about Plow? FID is guaranteed. It’s either at 105mmcf or 200mmcf depending on AE results. Stop spreading FUD. It’s not helpful and misleading to potential investors reading the boards.
As seen on LinkedIn. Sounds like the partnership is signed off or will be signed off very soon.
“Today I officially step down as General Manager and Managing Director of Abu Qir Petroleum Company.
Abu Qir Petroleum Company is the Egyptian JV owned 50% by Energean and 50% by EGPC, to explore, develop and produce natural gas - the fuel that drive the energy transition - from the Abu Qir, North El Amriya and North Idku Concessions in the Mediterranean Sea.
There is an immense sense of pride in what this company, with its exceptional people, have built and stood for over the past years to provide affordable and reliable energy for the Shareholders and Egypt.
Just, in the past month, this company successfully delivered the full gas production from its first subsea development.
Over the past years, significant strides were made in building a stronger company generating increasing value to our Shareholders and operating with extraordinary attention to the environment, the safety of people and the assets, continuously supporting the development of the local communities.
Serving Energean and EGPC colleagues of this company gave me immense pride and joy over the course of this long journey.
From tomorrow, I will assume the role of Energean Country Manager in Morocco. I look forward to working with our partners Chariot and ONHYM, and developing an exceptional new gas asset for the benefit of this new JV, our Shareholders, Morocco and its people.”
Reminder of impending RNS newsflow in next 11 months in no priority broken out into the different areas , All below are non grey , material news category
ONSHORE GAS :
1-Rig contract award
2-drilling programme and plan , civils preparedness ,licences and permits all in place
3- spud of first well
4- results of 1st well
5- spud of 2nd well
6- results of 2nd well
7- spud of 3rd well
8- Results of 3rd well
9- spud of 4th well
10- results of 4th well
11- campaign summary and future plans to first production ……
OFFSHORE GAS :
1- ONHYM ratification of licence changes approved and in place formalising ENOG
2- receipt of $10mm from ENOG
3-offshore drill unit award
4- offshore services awards, detailed programme and objectives for AE
5-Rig mobilisation to AE
6-Offshore spud of AE
7-multiple updates due to nature of this well (essentially 3 wells in one)
8-final results of all objectives and forward plans to FID
9-GSA news,
10-production licence awards
11-FDP submitted an approved by ONHM
12-FID ( what size /scale ??)
13- receipt of $15 mm from ENOG
14-ENOG intention to increase equity and chariot decision on either 3 mm ENOG shares or $50mm bond note
15-EPC contract awards
16-Rissana seismic award,
17-commencement of Rissana seismic campaign
18-completion of Rissana seismic seismic campaign
19-First overview of results from the campaign detailing some basic new information- very positive hopefully ( full results will go into early 2025 )
RENEWABLES :
1 funding for pillar ( spin out to newco? they have reiterated no dilution to parent company ( chariot level )
2- Tharissa project commencement
3- other project updates( 3) and potential new awards
4 Etana news on continuing electricity wheeling and first monetary values hopefully given GREEN
HYDROGEN -
1- feasibility study on project noir
2- Total intention on next steps and first financial seen on what they are paying
3- potential new projects
From a TA perspective we had to hold 8. We dipped slightly below it yesterday, but have now closed above with a lovely looking green candle. Next week would be a good time to receive an update to push on. Have a good weekend all.
Full article link below. ⬇️
https://demo.thisischip.com/?q=https://www.investorschronicle.co.uk/ideas/2023/06/28/time-to-buy-into-an-african-energy-adventure/&o=share