George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Sandy whatsit I'll answer you, the others aren't worth bothering with. For a period it was amusing to speculate about placings, delays, geopolitics, water shortages in Guercif (the subject of much research) and a few somewhat opaque rns's.
I was bang on with 4/5 of the minor placings....QED haha.
As for 'the learning curve' it's a learning curve for PRD you turkey! They are learning if the wells are commercially producible or not OF COURSE.
Jeeez not hard is it Sand. Not the Sand War which still pollutes regional politics....
It's a learning curve for me, genuinely fascinated to see flow rates and production curves for your wells. I would not expect them all to be superb but it's possible.
For the truly reckless there is the possibility of the oil wild cat to come in but if your gas producibility profiles are decent the SP will be fantastic so M5? Much less of a gamble.
True but confirmation bias confluent to a degree of risky shift has taken over the febrile HE1 tribe.
It's a field week for traders.
Helium is valuable, if a discovery is made you could do well although many are still 80/90% down. Hydrogen is not particularly commercially viable in most of Sub-Saharan Africa: Tanzania has a modest gas network and some Hydrogen could be admixed with Methane dependent on the steels used throughout the network. That is to say from H2 refinement to the burner whether industrial or domestic. The Hydrogen atom is so minuscule that it penetrates the surface of most steels causing it to lose tensile strength, crack then....BANG....
You have to totally on top of building/modifying and maintaining any system that uses Hydrogen.
Cryogenic transport? Possibly given Carbon credits but Tanzania has a LOT of Methane.
Surely, after all of the delays just a one line RNS announcing the start of testing would be desirable. An RNS does have a charge but last time the great leader took weeks to announce that nothing had happened.
R1234 the red wall is already demolished, quite how fickle Northerners are is astonishing (I am one). I remember some raving about the SDP!
What the Rother Valley temporary incumbent says is irrelevant.
To see the results, never seen such a shambles (having avoided most of the odd E and P toddlers over the years).
Whatever happens, massive mcap rise (possible) or sp destruction (possible) just learn from it and stop being herded from one pasture to the next FFS.
Sandy they clearly are! More sheep could arrive and that is to your benefit old girl.
Well I wouldn't worry, the Royal Moroccan Army have circa 380 Abrams MBT's (M2 on order) with Chobham armour and 3,000 ish other AFV's. Those tanks are bad boys and are similar in a way to our Charlie-2's especially the Chobham. The enemy have mediocre stuff, a T-90 was smoked by a Bradley recently, quite unbelievable.
Therefore the recourse has been 21st Century hybrid warfare including the closure of the MEP and the panic response of Rabat.
Ask PG if PRI is available in Guercif and if so, what is the cost?
CNG local sales, brilliant. Going international is a geopolitical game changer.
Know your history, know your company and know that the TSB are down the road with the full FCA guarantee.
Moo moo said Bob between bags of chips...
Are already here! Carefully herded to the lush pasture created by the sales types.
The great leader's third time in Morocco, third time trying to test after well over two and a half YEARS since MOU-1.
That said, you may shortly be given vital evidence about your gas bearing structures and the best of luck to you.
Algeria remain LIVID about the sneaky land grab of the Northern section of Western Sahara hence the shut down of the MEP over two years ago although it is hard to see what they could do about it. My best guess would be a Nordstream type event carried out by a proxy but the Spanish and Moroccans are well aware of this and will have positioned plenty of passive sonar devices to cover any eventualities.
Seriously though, good luck and I hope you succeed.
I doubt if a 20 min mutual biffing session between Mr Mental and Corporal Botox really means anything.
Now an Argentine company taking up a 25% holding in the project (from Navitas) would really mean something. They would finally see inflows of hard currency!
Good points Chesh/Porter. I posted a link to a presentation from JSE. A geologist but one who has clearly developed project management skills.
We must all in this life be prepared to be both open to criticism and prepared to mitigate any proven deficits by calling for help! Ask any recently trained surgeon, A and E doctor, anaesthetist or pilot and you will understand this.
A strategy may function or fail but has characteristics which should ameliorate short term unforeseen problems: hence why I posted the JSE clip where I am 35% up.
Satellite watching is futile, looking deeper into the universe is not...
Well done Seff
No need to stress, just see how things play out over the next couple of years and then have the debrief. No one can have a provable and therefore valid point of view at this stage.
Just relax and add on dips if you have reasonable certainty of capital growth and future dividends.
Hopefully the third attempt to test will be successful as will the great leader's third venture into Morocco...
Try and concentrate for three minutes, if not possible scroll forwards by about 90 seconds.
https://youtu.be/N91nQF98LXE?si=_smkUwQaWIMtMgg4
Is that as risky to human life as driving four times over the limit? Depends how you did it, your mental capacity (tbc) speed, road conditions and time on the phone/vehicle control or lack of it are difficult to prove.
Ethanol blood percentage is easy to prove, not very bright are you?
You are frankly dim, mobile misuse is for the state to deal with. Indictable crimes in some cases we as citizens can intervene with.
What sort of society do you wish to live in?
Shame about PRD, lurking in a Crown Dependency as they do: few of you have the resources or time away from tiling/plastering or making carpets to fly or float to Jersey.
Bought a 7m*4m carpet, apparently made in Hartlepool, or maybe China?? Either way, 80% wool and really lovely so thank you for your work.
Two and a half years since the MOU1 update. Testing?
Well done Lenny and George of Steinbeck fame.
Please do some testing, restore some confidence in your ability? Not much corn to shuck in Morocco...
So Bob
Why is there just one potential business partner with ONE WHOLE YEAR of exclusivity then?
The reasons are all in the SPE 2018 revision, companies (well most of them) require information compliant to the industry standard before committing.
This is why the very few here who are not under the jackboot continue to raise concerns about the shortfalls in testing.
Also, if it is worth an absolute bomb I pitch that the tax regime will change or the whole lot will be nationalised.
We should indulge in a spot of resource nationalism here actually. Frac for gas, store oil and gas on a large scale. Design two or three clean coal fired thermal power stations with CCS.
We are now approaching 30 months from the MOU-1 update. I think that newby E and P gamblers ought to be aware that these projects are by nature extremely lengthy.
Did Oz call that the most recent testing attempt was underway? I don't know, it's irrelevant anyway.
Eventually they will succeed in testing, we cannot know what the results will be or what FDP will be decided upon, more wells are both planned and required.
The great leader will hopefully wait until all of the test results are in before any further drilling and preferably consult a third party company with all of the data.
Time to first commercial gas? Well no hydrocarbon development should be rushed, very inefficient to do so in terms of recovery.
That's quite a list of stinkers, I suppose the rns's , reports etc are at least compostable, one or two worth a look at but ECO? took months to release the heavy oil stinkbomb and now have much of their outfit in a country at risk of being 75% annexed by Venezuela!