Member Info for Razorman

Must admit I was expecting an update this week.

Paul has clearly shut down comms. I’m starting to think (I know we have been here before) that he surely has commenced SJ testing without an rns.

• Sandjet ready to mobilise in April 24

• Coiled Tubing Unit available by end-April 24

Businesses ‘set to fail’ in bid to lift Dublin data centre restrictions despite lobbying

An effective moratorium on data centres in the Dublin region will remain until Eirgrid completes upgrades to the capital’s electricity grid

DANIEL MURRAY

01:00

Review is looking to establish a policy for connecting large energy users such as data centres to the electricity gas grid that is in line with energy security and climate targets

Intense lobbying by multinationals to have restrictions on connecting to data centres in the Dublin region removed is set to fail, the Business Post has learned.

Eirgrid, the operator of the national grid, put in place an effective moratorium on new electricity grid connections in the greater Dublin area until 2028 due to grid and power capacity issues.

The Commission for Regulation of Utilities (CRU) is carrying out a review of its connection policy for large energy users, such as data centres, in light of ongoing growth in the sector.

Do share the rumour Rosso…

Operational update tomorrow 🤞

PHASE 2 RIGLESS TESTING

• Sandjet + NuTech to unlock resources growth

TIMETABLE

• Amendment #4 to 5/6/24 submitted 23/1/24

• Sandjet ready to mobilise in April 24

• Coiled Tubing Unit available by end-April 24

• Projected First Gas sales Q1 2025

It’s reasonable to expect we will soon get an update re phase 2 testing… all it needs now is the spark!

The extension will facilitate, subject to regulatory approvals and consent, the drilling of the MOU-5 well to evaluate the 177km² Jurassic structural closure.

MOU-5 is expected to be drilled between 1 April to 31 May 2024.

The Company is fully funded to drill MOU-5 using currently uncommitted, discretionary, cash on the Company's balance sheet.

I’m also waiting for my and wife’s bed n isa to be processed. I actioned at 8:30 yesterday…

Hargreaves Lansdown 😒

Humanity’s knack for finding new ways to consume energy is not showing any sign of abating. Take cryptocurrency: a single bitcoin transaction can consume more electricity than a US household does in a month. Or artificial intelligence: a query on ChatGPT uses 10 times more electricity than a Google search, and shifting all internet queries to using AI could consume as much electricity as Ireland does in a year.

Until recently, electricity consumption from data centres accounted for only about 1 per cent of electricity demand globally: energy demand from the explosion in computing, cloud storage, streaming, video calls and so on have been offset by efficiency gains.

But this landscape has shifted recently with the prevalence of AI and cryptocurrency, and the International Energy Agency (IEA) projects that data centres will drive significant electricity growth.

This poses a serious challenge. Growing energy demand at a time when we’re trying to drastically cut emissions is like running down an upwards-moving escalator. Ireland is facing this pressure more acutely than most other countries: 18 per cent of our electricity was consumed by data centres in 2022, as much as all urban homes, making the country an outlier. The country with the next highest share of electricity consumed by data centres is the Netherlands, with 5 per cent, and the figure stands at only about 2 per cent across Europe.

https://www.irishtimes.com/environment/climate-crisis/2024/04/04/data-centres-are-a-serious-threat-to-irelands-carbon-budgets/

Is it not this?

Presence of significant thicknesses of sands in the debris-flow demonstrate the potential sand source area feeding the Moulouya Fan as mapped pre-drill.

Above the depth at which the well was suspended a detached transported block of the Moulouya Fan target may have been penetrated. A gross interval of 28 metres was estimated on the basis of the well site cutting samples and lithological log. 16 metres of potential reservoir was interpreted from drilling breaks. This can only be confirmed by wireline logging.

Jimmy - while we eagerly awaiting Keith’s reply, of course I am not qualified to speak for him.

My read is the top of the moulouya fan was penetrated but not known at the time. No gas samples were taken from the fan because the invasion of the heavy mud kept the drill blind. But why didn’t the ROP improve when past the volcanic ash / sticky claystones???

And no, I am not Liam.

Silverfoil…

I own 4m shares which I have held firmly through many storms… I bought my first shares in 2019 after discovering this company through LGO which later became CERP. I have no reason to want the share price to fall which is why I challenged Paul on the need for PRD to manage the market better. Selling out to PE was a threat to who? Us LTHs we can’t stop the market reacting how it does. A board of directors should be skilled in managing the market. And all I said was that it’s been poor and it’s all in Paul’s gift to set and manage those expectations. Simply - do what you say you are going to do. How that triggered so much hysteria is a joke, mature intelligent people acting like children.

V confident on sand jetting and titanosaurs

Positive and as confident as ever on the geology… just doesn’t like having to manage the market (not his skillset)

Not on AIM

What a scum bag - bet he is teaching his umpteen kids to commit benefit fraud just like their papa.

Nice and reassuring

Thank you for sharing that very helpful insight Keith.

The Company will use it best endeavours to publish the ITR before the Phase 1 rigless testing commences - any sign of this?

Also, long shot… does this take chariot off the table as a potential target for UAE companies?