Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Mark Reid, CEO of SDX, commented:
"We are pleased with the results of both the SAK-1 and KSR-20 wells. In addition to opening a new play fairway with numerous follow-on drillable targets, the wells will contribute immediately to production and revenue growth in an area where demand and gas pricing is robust. Morocco remains a key area of potential growth for SDX and we look forward to planning further drilling in 2023. I would also like to add my thanks to our partner ONHYM for the provision of the excellent drilling team and the ONHYM 525 rig which was used to great effect during the campaign."
Fantasy Monday RNS at 7am:-
Delay to MOU2 drilling programme has occurred following a renewed interest from JV partner ENOC group who have implemented flow testing of MOU1 at their cost and have since made an all share purchase offer of £150m for (circa 38pps). The company is currently reviewing the offer.
Not what we want as an ideal scenario, but also not inconceivable.
Whatever is behind the delay I just hope it is worth it.
The review is examining the key risks to the security of supply of electricity and gas as well as options to mitigate these. These include “the need for additional capacity to import energy, including LNG, energy storage, fuel diversification and renewable gases such as hydrogen”.
The Irish Times asked a spokeswoman for Minister for the Environment and Green Party leader Eamon Ryan if he would allow the use of LNG or FSRUs if recommended by the review. She said the energy review will be published next week and “it’s best to wait until then for further detail on the paper in the round and on the options that it may contain”.
She said Mr Ryan had previously said a State-owned storage capacity would have to be available to Irish people in the event of any supply disruption without breaching Ireland’s climate action plans.
Today, after watching the interview, I have decided to hold every one of my 3.59m shares to drill results and hopefully beyond.
This will be the realisation of a lifetime of Paul work, and he looks brimming with confidence. And dont forget, the test data of not one, but TWO wells will be announced.