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Egypt is planning on building FSRUs to act as an LNG hub for gas imported from Cyprus via subsea pipeline. It could well be the fact that Morocco sees itself as in a similar vein at one of the world's greatest geographical crossroads and sees a chance to.be a LNG middleman.

https://oilprice.com/Energy/Natural-Gas/Egypt-Restarts-Major-LNG-Project-On-Rising-Demand.html

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Egypt is planning on building FSRUs to act as an LNG hub for gas imported from Cyprus via subsea pipeline. It could well be the fact that Morocco sees itself as in a similar vein at one of the world's greatest geographical crossroads and sees a chance to.be a LNG middleman.

https://oilprice.com/Energy/Natural-Gas/Egypt-Restarts-Major-LNG-Project-On-Rising-Demand.html

Ps. In regards to Morocco obviously planning to import LNG, it is indeed very encouraging. Presuming they aren't expecting any surplus to export for the short/medium term which means a insatiable local market for our gas for the time being. As a Brucie bonus, gas prices higher in Morocco than most countries as priced against oil rather than Natural Gas . Plus of course, another bonus that we won't need to go.to.the trouble of finding and funding partners to bottle and transport he stuff for us to sell abroad - win,win,win.

Why I'm not a millionaire already with this beauty of a share, is a mystery...all in the fullness of time

Looks like you were right to be cautious Tomato, thought this would fly this morning. I bought another £9k yesterday in error, thought I'd bought PRD. The Hargreaves Landsdown app is to be treated with extreme caution, rather than type in three letters because it lists your lasted browsed shares there is a temptation to select.

Anyhow, last week I made the same mistake but the other way around I rectified. This time time I'm leaving be, it was an act of God.

Cheers Lochnez, that sounds right Mick. You've posted some cool very informative stuff, it's a reason why this board is so great. A first time browser could well assume it to be populated by oilmen. The reality is most of us have just been reading, learning from industry, economic/ political publications, quality newspapers and of course,each other.

The LNG is bottled before selling and transporting. It seemed to.me that it was only the end user that needed to do the alchemy of turning it into back into a substance that could be pushed into their gas network without blowing it up.

Yes, very negative Mr Tomato. This was a geological RNS from SA, not to be confused with the political update we are expecting from Burundi.

This is so.good we may as well give the Burundi mine to the Chinese

Ok cheers Mick, a very useful article for anyone not quite sure of how LNG FSRUs work. I still can't work out whether one is needed by the seller of the LNG or simply the buyer.

I suppose my point was, are Morocco planning to use it for importing LNG or exporting. I thought FSRUs were only needed import LNG which surprised me. Morocco is soon to.be very gas rich and hoping to sell to Spain in future rather than buy from them at present.

Forrest/Mike- Hopefully once processing plants are set up in Texas and UK they will be operating more cleanly than in China and evidently Malaysia. The green revolution needs magnets for EVs and wind turbines so the end kind of justifies the means.

As for CCS EOR, the world still needs oil and gas so if you can dispose of CO2 safely, that's a bonus. For me though, it also prevents the need for fresh drilling as currently only around 30% of oil flows out of the ground from your average well. Saves drilling in beautiful places like Alaska or the Bahamas.

Trying not to think too hard about the current ree processing plants in China though so will skip your bedtime reading, might cause me insomnia. Malaysia cameras a surprise, I'd read elsewhere the Lynas plant had been temporarily closed for covid. Fast becoming the case that I can't trust a word I read in newspapers or journals nowadays.

This is not a share for bedwetting, insecure bottle merchants. We all knew the drill when we signed up, RBW will make us rich or poor but definitely not comfortable.

I'm trying my utmost to be an ethical ESG investor and to tell the truth I'll be more mugged off if we have been trying to pull a fast one on a desperately poor country rather than the other way around.

Nice find Phil. I'm not from the o & g industry so forgive me if this is a stupid question. I understood that an FRSU was only needed offshore a country importing LNG rather than exporting. I'd just assumed it was bottled on shore, preferably near to the chosen port for shipping Can anyone confirm either way please?

The fastest rig in Morocco. Cutting down drill times by a third. Good stuff, especially for the impatient amongst us.

Personally, I'm happy chilling, all in the fullness of time and all that. Like Nostromo, I feel it would be best for me to get rich slowly....

Good Morning Chesh..

Looking forward to.hearing how Harry Potter's plans for 2,500 bopd per day by the end of the year are progressing. you new CEO could speak to Paul Giffiths, PRD CEO and hire some of our CCS EOR technology and expertise. It's the law now on T &T but to use EOR and water is so last year.....

Ps. Hope someone on your new team actually know how to maintain an oil well, the old crowd never ended up with any 'hands on' experience despite twenty years trying..

Pps. PRD is a good place for the disgruntled to take your share money before it becomes as much as a billion Duechsmark banknote in the Weimar Republic circa 1929.

Toodle pip for now ():;¿

Malaysia didn't just shut down 'a' processing plant, they shut down 'the' only processing plant outside China. All good stuff as far as I'm concerned, the tighter the Chinese stranglehold the better. Once PRE and the Lynas Texas plant are operating the US and UK will be begging us for our REEs. We could keep all sides happy, China/Burundi US-UK/ South Africa. Be everyone's friend, make no enemies and pay your dues and we'll all be very rich in a few years time.

Except for the chronically insecure who.probably will sell up. The craven really shouldn't be investing in African mines with the wily Chinese playing us all like chess pieces in the background.

Bottle merchants, and you know who you are, need remember that of the four countries we are doing business with, by far the most trustworthy is South Africa..Put into perspective a friend living there recently witnessed the water supply cut off for the whole district. The local council collects all water rates (in the UK this only happens for council tenants) but officers trousered the cash rather than paying Thames Water (or equivalent)

Findme, everyone on this board who bothers reading my posts will be bored of me saying this but I stuck half my pension pot PRD I am that confident in our CEO and our plays in T &T, Eire and Morocco. Stable nations in a crazy world, three completely different plays CCS EOR, gas drilling and a FSRU LNG project. (Plus a licence to explore and drill in the Celtic Sea should need be)

This will all crystallize within two, maybe three years as our CEO wants to retire and owns 20% of the company. Those of us in here big will be millionaires,I don't doubt that for a second.

We all, in.the main sit patiently, in glorious anticipation awaiting good news knowing it is coming, T & T could be soon. Our relationship with their politicians, senior civil servants and captains of industry is fantastic, our CEO is a truly great diplomat.

What does BPC offer other than passing around the hat and fresh imaginative ways of extracting money from.shareholders or backers.

Dive in here, maybe shed half your BPC shares, a new CEO may do the trick, I got out of CHAR cos I thought theirs a muppet, he was replaced and it went up fourfold in a month... whatever you do though, stick some cash in here because in a year or two, you'll be glad you did.

Working for net zero'-
'at the heart of energy transition'....Massy Wood

Saw this in an advert in a T & T publication posted, they have to show that they are deadly serious about going green as they are serious CO2 emitters as things stand..Evolve or die..

I also believe our fortunes are very much tied with theirs and maybe not just in regards to CO2 EOR on T & T..

I've had an inkling for a while that we could work with a business partner who could be pick up the ex-CERP assets for pennies. Ì honestly think BPC will struggle to maintain current production let alone in readers production from 500 bopd to 2500 bopd by end of 2021.

We'll see, but they are a truly abysmal outfit and it wouldn't surprise me if Heritage are having problems engaging them re rolling out EOR. Maybe the government don't want such a lame duck on their manor,. EOR is now compulsory so if BPC don't get their act together sure the govt would be within their rights to boot them off the islands.

Just have an aversion to bunny boiling cry babies. 'Men' who refuse to take responsibilty for their actions like men and try to blame others Nidge.

Does it not worry you that following someone around message boards to give them grief is worryingly obsessive behaviour? You are a stalker, albeit a virtual one rather than a physical one?

When the fun stops...

Tony- It is definitely emissions that Biden wants to cut by 50-52% (not emission targets) See link below. Very good news with our abundant NdPr needed to produce EV and wind turbine magnets.

Green is the future, if anyone is in o & g, suggest looking at PRD which uses CCS EOR, great carbon credits or CHAR (Adonis P is CEO) as they are moving into renewables.

https://oilprice.com/Latest-Energy-News/World-News/Bidens-Aggressive-Emissions-Target-Could-Have-A-Major-Impact-On-US-Oil.html

GRH- Without doubt Nidge , Soundreason and Timothy are one,

First two pop up at the same time as new 'investors' but both have the same underlying intention and obsession in following you to give you grief because they gambled and lost on SOU.

Their alter ego Tim avoid insults, appears respectable and well balanced but is sneakily trying to cause you pain by losing you money.

Let it go Nidge, Only Making Plans for Nigel has scarred you.

Well Clueless Timothy (such a disarming name, me know nothing, I'm a simple soul)

You are becoming the equivalent of a the pub bore, sharing your in investment strategy on a daily basis as if you were Warren Buffet or Alan Greenspan.

None of us give a flying..that might sound a bit rich from someone such as myself who regularly mentions sticking half his worldly worth in here. However, I do that because I'm an upfront and honest type of person and I am so confident in becoming a millionaire within a couple of years, that I hope others will follow my example.

Life is best lived by spreading the love and not sowing subtble seeds of doubt every time you post.