Member Info for rosso123

Gas flow from MOU-3 will bring in unwanted offers. Al Mada/Managem will be watching this like a hawk. Lowball offers would need to be resisted. Failure to hold out means Predator has become the prey. The biggie is slated for late-Feb. Get that done first, with 3 following on very quickly. The whole caboodle has the potential to fetch a highly attractive take-out price. What must not happen is PG forced to give way way to say 15p offer on flowing MOU-3 when a successful MOU-5 drill could triple that price.

50k scooper is pushing up the sp

Https://upload.wikimedia.org/wikipedia/commons/7/7e/Gas_pipelines_across_Mediterranee_and_Sahara_map-en.svg

"We do not have the money to put into infrastructure to get this gas to the market."

I thought the MOU-5 drilling site will be very conveniently close to a major gas pipeline to Europe. The yellow line

https://en.wikipedia.org/wiki/Maghreb%E2%80%93Europe_Gas_Pipeline#/media/File:Gas_pipelines_across_Mediterranee_and_Sahara_map-en.svg

Running north from W. Guercif to Nador. At great cost. Well, it's not to transport alfalfa for export, iis it.

Moroccan partnerships being formed. Afriquia, Zenith Energy. Managem likely sniffing a gas farm-out. Backed by Al Mada.

Eliminate or ignore sniper. Worst possible action is to feed the troll with ammunition by engaging in conversation. The ppl who do this deserve to be blocked themselves. The sniper thrives on attention of any kind, so is far less likely to go away.

Must have clicked the wrong ticker. Sorry, thought I was in PRD.

It'll be end of year shorters having to buy back stock to close their deals. Don't get excited.

Hapless creature appears to have taken a bit of a roasting, on this of all days.

Brought forward from end-Q1 to end-month 1.

Normally snail-paced Morocco has gone into overdrive in the rush to gas.

Gifts all round, no doubt.

For example, I overstayed here during Covid. The officials would not let me exit, sending me away no less than seven times. A friend said I could pay a taxi driver who carried around the children of the Chief of Police. He wanted 600 euros. I paid. Next day I went back to the station dealing with country exit. No problem. Invited upstairs, paperwork sorted, not even a fee to pay, off to the airport, boarded, and away.

Whoever you are dealing with in Morocco, a gift is considered a polite but necessary requirement. The cake being offered is shared between an agent/fixer and the higher official. The further up the scale you go, the bigger the expected baksheesh. It's the normal way of doing business. You won't get far if you don't play by these rules. 4 years of living here in N. Morocco has taught me this. On occasions you'll be asked for the gift twice, but these are scammers at work.

Be absolutely sure that the king and his cohorts will be all over Predator, sniffing out big gas. What are they going to pay for 6 tcf?

$45m paid, leaving Sound with just 20% of the Project + a load of cash.

As a Moroccan limited company working in the mining sector since 1930, Managem is a subsidiary of Al Mada - Positive Impact, a private equity pan-African investment fund.

INew owners of 80% of Sound shares. What did the royals pay, i wonder, to take over Tendrara?

Guessing at 1.6bn shares at 1p.

The State controls all Oil and Gas activities (exploration and exploitation) in Morocco. In Morocco, the public body in charge of exploring, developing and exploiting hydrocarbons, ensuring the transportation of their production and promoting the exploration and exploitation of hydrocarbons is the Office National des Hydrocarbures et des Mines ("ONHYM").

Highly frustrating. Vital equipment not available within the country, delays over customs clearance, uncle tom cobbley et al wanting a backhander gift for anything they do. Difficult to say the least. Wouldn't be at all surprised if PG proves up Guercif and then exits.

Https://www.londonstockexchange.com/news-article/PRD/memorandum-of-understanding-with-afriquia-gaz-s-a/16230671 12-month exclusivity period has now ended

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