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Focus abroad, when you are failing at home Mr Ryan https://www.gov.ie/en/press-release/4e47c-minister-ryan-attends-african-climate-summit-in-nairobi-46-september-2023/#
Meanwhile reality is catching up with you https://www.reuters.com/business/energy/orsted-ceo-says-abandoning-us-wind-projects-real-option-bloomberg-news-2023-09-05/
They think testing of MOU1 on it's own will support the start up of CNG. Once they get the financing in place for CNG, the money already raised will be used for more drills, if needed. Happy with that.
At this rate it's looking like the next update will be on Trinidad, as 31st Aug approaches. This article, where the CEO of the energy chamber laments about slow decion making by the Ministry, gives a clue on what that might be https://oilnow.gy/featured/standard-of-living-in-tt-will-plummet-if-country-fails-to-attract-new-upstream-investment-chamber-ceo-warns/
Hopefully, an update on Morocco will be given at the same time. If it isn't then traders just might get a sub 10p entry. All IMO. PT.
At the other end of the spectrum is there is a delay on parts for testing. I hope not, but we will find out soon enough.
Looks like the mood (or is that Moodys) music is changing...
https://www.caribbean-council.org/moodys-upgrades-trinidad-and-tobagos-credit-outlook/
Can't see any activity at mou1. Wondering if instead, mou5 groundworks are being done? Any thoughts on its location?
Https://youtu.be/cLvD2n0PtcU
I still think this is going to happen.
For those who follow such things https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-monday-24th-july-2023/
LNG goes to Spain until an LNG terminal is built in Morocco Nigel. You are making alot out of a typo, we all know the Shell agreement is for LNG. Other points from Keith conveniently not responded to, I wonder why.
Have a campari and soda and come back on those...
Keeping an eye on that, now they've managed to raise funds to keep going until October.
These apples green enough for you?
MOU1/MOU2/MOU3 Price Daily earnings Yearly earnings (300 days) Yearly in £
5mmcf $16/mcf $80,000 $24,000,000.00 £18,820,577.16
10mmcf $16/mcf $160,000 $48,000,000.00 £37,641,154.33
15mmcf $16/mcf $240,000 $72,000,000.00 £56,461,731.49
20mmcf $16/mcf $320,000 $96,000,000.00 £75,282,308.66
25mmcf $16/mcf $400,000 $120,000,000.00 £94,102,885.82
50mmcf $16/mcf $800,000 $240,000,000.00 £188,205,771.64
75mmcf $16/mcf $1,200,000 $360,000,000.00 £282,308,657.47
100mmcf $16/mcf $1,600,000 $480,000,000.00 £376,411,543.29
150mmcf $16/mcf $2,400,000 $720,000,000.00 £564,617,314.93
For those who follow such things.
https://twitter.com/Share_Talk/status/1680941973488779266?s=20
Would we need new permitting to commence groundworks etc.? How quickly could we realistically get to a spud?
This will be imported LNG imo. Via Spain first until terminals are built. That deal was already happening, before our news. In the same way there are still plans for a pipeline from Nigeria. Not all projects will happen. LNG imports can be varied. Doesn't make sense to liquefy what we have hopefully got. When the gas stops coming through from Spain, it will be reversed imo.
Easier to get RBL on Cory Moruga?? Just thought...
Here's my analogy for Paul helping the majors https://www.youtube.com/watch?v=wo1sIDxebn8
That figure regarding Cora Moruga that Keith quoted this morning is a diamond hiding in plain sight O&W!
Https://www.irishtimes.com/business/2023/07/14/eu-regulator-warns-against-repeat-of-emergency-energy-measures/
https://www.reuters.com/world/europe/irish-climate-targets-extremely-challenging-after-modest-2022-fall-watchdog-2023-07-14/
O&W, I was thinking about that, but I think T&T gets sold next year after the snowcap drill/appraisal in Q1 and a bit of CO2 with Heritage.
Corrib South, will also be a quick exit, if Ryan ever gets removed or overwhelmed.
Being the consultant onone of the biggest ever gas fields (we all hope), will be a draw I think? A true legacy?