Member Info for NigelHaemoglobin

It's just another appraisal to ENOG, no need to RNS every event at all.

Paul you would need to speak to Bruce or find a geo or field development engineer to ask advice.

The way I understand it as a bog standard investor is that the quality of the massive sandstone reservoir is such that permeability and porosity are near ideal and that there is virtually no risk of condensate blockage (well worth studying that phenomena, fascinating). Also, the calibration of seismic to structure is bang on hence derisking Darwin West.

I make no claim to scientific knowledge at all, the big picture looks ok but blighted by stranding. That may never change.

Have a look: 55,000 hours of work on FEED, 498 docs completed. The recent ENOG asset sales and renewed focus on Anchois points to, IMVHO, the inflexion point for CHAR.

Apart from geological and technical risk (implicit in O&G) the real risk seems to me in retaining a material position in the overall acreage while attempting to discover >2 Tcf ideally.

Steady as she goes, there are always downsides.

Come on Gus, 'only' 175,000,000 dollars! How long would it take to secure the necessary permissions?

Well I'm past tackling complete strangers mate, drunk #2 had the equivalent of 16-18 units of non metabolised ethanol in his rotten body, school run time as well.

Go back to your office, ps4, gooning and limp vegan diet.

We don't know yet Sandy, it's possible. Perhaps the company could flow commercial gas first? Then we can move on to wild speculation in regard to huge profits from a nascent CNG business?

Agree, looks possible that a target has been a fail of technical issues are occurring.

Agree, a big pain to get to that sweaty heaving dump, to be avoided if possible.

'H', yes maybe...

Agree Bold, it's a ground up business. Local companies need to be persuaded to invest (either buy or lease) expensive high pressure Methane storage. Develop a gas processing/compression system, build a road transportation network, security issues? Rabat won't allow 500 grammes of explosives to move without military security!

CNG tankers are very expensive to lease, do a simple search! CNG was (in a presentation if I'm correct) due to start TWO years ago. I give it another two years and then another five to turn a profit.

Gus, do you think that you acquired more information at your meeting or if you had attended the AGM? Reports that I have indicate that two major shareholders inc one of the Canadians were there and that apparently Namibia, Sullivan, Stokes, RKH contiguous licences etc were all discussed.

Definitely worth a moderate punt but they will probably fundraise quite soon: maybe the small investors will be involved...

Gus there is no way that your private meeting has provided you with any more information that others are not privy to. My opinion re major holders is that BOR is no less of a gamble than it is for anyone else...they just have more money!

Maybe the discovery is not permanently stranded and it is certainly worth a modest punt. What they really need is an investment bank onboard which they may achieve, who knows?

The article is just lazy journalism, it even mentions the Inezgane Licence and Europa O&G. Europa relinquished the licence in 2022.

Also, cancel Jimmy and lose one of the very few, and I mean two or three posters who are either industry experts or honest individuals who are streetwise enough to see through the relentless BS.

It's typical Seff ranting Bold, there is no evidence of any capacity to listen and learn: reason even.

The Ram's Head Licensing Option has been expunged, is there any serious proposition that it will magically reappear as a Frontier Exploration Licence?

I literally cannot wait to observe the forthcoming sliminess re LO 16/26, maybe I'm wrong but looks flaming odd to me.

Https://www.gov.ie/pdf/?file=https://assets.gov.ie/297825/0c399fc0-ff49-4f87-8acf-a0ce3b791047.pdf#page=null

Yes, Rams Head wiped off the map between March and the end of June this year.

No specific RNS but implied in the update. Now, to expand Corrib PRD have to farm in to Theseus so will a fundraise occur so that PRD can farm into a company also run by PG? That would be weird!

You're right, Rams Head has been wiped off the map. The farm in tosh up in Corrib has to be read to be believed. Check who Theseus is owned by! Bit like some sort of gastropod ingesting itself.

In Ireland it is impossible to drill without a huge bond, none of the minnows can drill without deals with established operators.

That's it Obscure. Worth noting that a price target is 'buy up to'.

That's a tad harsh err gooner, any punter in early stage exploration gambling has to take responsibility for their behaviours. Von Mises, Hayek and Adam Smith assist in understanding free markets.

I mean, an investment in CHAR during the V V high risk phase could have multi-bagged your stake in the success case.

There was no significant success until Anchovy.

Doesn't bother me Bold, negative opinions are critical in investing, look at PRD and the happy clappy herd of cabbages that has been created by just a few über rampers, some of whom are actually industry types and HNWI's who should know better!

A few points to contend the article.

* Production costs can be incredibly low when using wind power on wind turbine jacket based system.

* The above system creates the capability to produce H2, compress it then use micro H2 to power. The infrastructure problem is solved as wind turbines are already connected to the grid.

* True but to produce H2 during good wind velocity and low grid load times offsets that difficulty.

* No, we can learn to handle virtually anything from Thorium to crude oil.

* My above answers negate to an extent the supply chain problem.

To summarise, Hydrogen is an energy 'vector' and not wholly an energy source. This is the way to rationalise Hydrogen.

Lancy

The Southbound gas contract (if I'm not mistaken) is for 12 years. I have tried but cannot acquire any info re exit clauses.

I would suggest buying shares in Enagas and asking questions. What I do know very well though is that Qatar etc require long term supply contracts.

Still, PRD could make a fortune supplying one of the new CCGT thermal power stations!