Member Info for Razorman

Allows some extra time to advance Ireland and t&t before Morocco spud rally.

“At least 2023”

To me that reads (hopefully) that the loan repayment owed to PRD will be paid through FRAM production over 18months. So a boost to revenue. Anyone read it differently?

Vague reference to FRAM?

Therefore (assuming the above, and subject to the above-noted payments of final agreed settlement amounts, and eventual conversion of the outstanding convertible notes) the previously reported aggregate payables, creditor, liability and other potential financial exposures on the balance sheet - of approximately US$22 million - will be reduced to approximately US$2.5 million. No material payables or creditors will remain at the Company level, with all residual amounts at the level of Trinidadian operating subsidiaries, and non-recourse to the Company. As noted above, this remaining position is expected to be managed out by the Trinidadian subsidiary entities over the next 18 months, including on the basis of various agreed deferrals and payment plans

Tick tock

It’s a fine irony that the retired private sector workers of Canada are benefiting handsomely from this country’s greatest naturally occurring resource, while their Irish equivalents are getting diddly squat and, in all likelihood, never will.

The Corrib gasfield, which accounts for 100 per cent of Ireland’s gas reserves, last week became 100 per cent Canadian-owned.

News getting negative press…

https://m.belfasttelegraph.co.uk/business/northern-ireland/sky-high-gas-prices-going-nowhere-for-at-least-three-years-suggests-regulator-41109900.html

Equinor has agreed to sell its non-operated equity at the Corrib gas project in Ireland to Vermilion Energy.

Vermilion is the current operator and has a 20% share of the project. Nephin Energy owns 43.5% and Equinor owns 36.5% but does not operate the site at all.

Vermilion will pay $434 million (£326m) to take on Equinor’s stake and the transaction will be made in January 2022.

https://www.energylivenews.com/2021/12/01/equinor-to-sell-stake-in-irish-gas-project-for-326m/

Reads like CEG are defaulting in the FRAM deal with regards to operator obligations, pls owe a loan and o/s revenue to PRD. PRD to seek recovery. Another legal battle would be a disaster for CEG.

Everyone should read the PRD RNS today which includes the innis trinity CO2 development. Clearly there has been a fall out.

https://www.newmont.com/investors/news-release/news-details/2020/Newmont-and-Agnico-Eagle-Form-Exploration-Joint-Venture-in-Colombia/default.aspx

I expect will be very insightful, considering we have just had one.

They didn’t go deep enough - FFS

Amine processes are used to scrub carbon from factory flues although the technology is expensive and is not yet able to remove 100 per cent of emissions. "Among available technologies, amine is the most mature and proven," Brevik said.

Once captured, the carbon dioxide will be buried under the North Sea in cavities created by the extraction of fossil fuels. "In a way, you can say 'CO2 is coming home' since [it will be stored] in the same layers as oil and gas were before they were taken out," Brevik said.

Factory could become carbon-negative

The process of capturing carbon and sequestering it underground is called carbon capture and storage (CCS)

https://www.dezeen.com/2021/07/15/carbon-neutral-cement-plant-slite-heidelbergcement/

You mean two bag mark??

what valuations are people putting on this market cap ? is there a brokers note since the colombia update ?

What do we think this should settle at as news sinks in?

… Paul is very, very, very confident of finding gas

Hold the line steady. One way or another there is going to be a lot of activity very soon

A T&T update before the drill results would appear very positive to me. PG will know how the drill is progressing and if the targets are hit along the way. If drill progress is underwhelming the T&T news (assuming good, and there’s no reason not to) would be useful to support to SP post drill results.