Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The_Cube
??@__The_Cube__??
#prd
ONHYM Tie-in agreements will undoubtedly feature with prd's acreage. Let us not forget the oil concessions.
An interesting (if a little wobbly) Summer was had.
Full retention of equity as outcome...
I'll buy *that* for a dollar.
Let SVR do the talking 10/22!
_CUBE_
04/09/2022, 19:53
Sent from my iPhone
https://twitter.com/__the_cube__/status/1566499604346052608?s=11&t=TcoiEDnDEb3nAMpCMDeEmA
Good morning…Don’t shoot me down please just ramblings! Sentiment and huge amounts of shares changing hands will surely push the share price up reasonably quickly? Thank you GRH…please keep posting , I love your story’s .
We are making good progress on the senior debt facility for the Tendrara project, which is planned to fund the majority of the Phase 2 development costs.
In parallel, we have now commenced a farm-out process to secure partner participation in both the development of the Tendrara Production Concession and exploration and appraisal in the surrounding exploration permits.
Our re-evaluation of the potential of the Greater Tendrara and Anoual exploration permits has high-graded three drilling targets, two of which have previously encountered gas shows. We believe mechanical stimulation is the key to unlocking the potential of the TAGI gas reservoir, as we have done at the TE-5 Horst discovery. Importantly, future discoveries in this area have the potential to be commercialised through the planned infrastructure that will be built at the TE-5 Horst development.
We look forward to updating shareholders on progress as we move forward."
ollowing the Company's announcement on 14 April 2022, the Company has continued to re-evaluate the extensive exploration portfolio within the Greater Tendrara and Anoual exploration permits surrounding the Tendrara Production Concession. The Company had high graded several potential near term subsalt drilling opportunities within the Trias Argilo-Gréseux Inférieur ("TAGI") gas reservoir, the proven reservoir of the TE-5 Horst gas accumulation within the Tendrara Production Concession.
These drilling opportunities include the exploration prospect 'M5' located on the Anoual exploration permit, together with the SBK-1 and TE-4 structures previously drilled on the Greater Tendrara exploration permit.
The Company has published an updated presentation detailing the Company's planned exploration and appraisal activities which can be accessed on our corporate website, https://www.soundenergyplc.com/.
Both SBK-1 and TE-4, drilled in 2000 and 2006 respectively, encountered gas shows in the TAGI reservoir. SBK-1 flowed gas to surface during testing in 2000 at a peak rate of 4.41 mmscf/d post acidification, but was not tested with mechanical stimulation. TE-4 was tested in 2006 but did not flow gas to the surface. Mechanical stimulation has proven to be a key technology to commercially unlock the potential of the TAGI gas reservoir in the TE-5 Horst gas accumulation and, accordingly, the Company believes this offers potential to unlock commerciality elsewhere in the basin.
Commercial discoveries in the Greater Tendrara and Anoual exploration permits would have the potential to be commercialised through the proposed development infrastructure centred on the TE-5 Horst, with sufficient capacity in the planned Tendrara Export Pipeline or as standalone projects.
The Company is pleased to announce the exploration potential in these three planned drilling targets. The table below summarises the exploration potential, expressed as Gas Initially-in-Place.
Target name
Unrisked Volume Potential
Gas Initially-in-Place (Bcf)
Chance of Success
Gross (100%) basis
Low
Best
High
Mean
TE-4 Horst Appraisal
153
260
408
273
36%
SBK-1 Appraisal
71
130
225
140
50%
M5 Exploration
332
800
1728
943
21%
The Company cautions that notwithstanding its internal estimates for the exploration potential of the three planned exploration drilling targets, further exploration activity, including drilling, will be required to substantiate the estimated exploration potential and that general exploration in the oil and gas industry contains an element of risk and there can be no guarantee that the Company's current estimates of volumes of gas originally in place will be substantiated by exploration drilling or that any volumes encountered would actually be available for extraction.
Graham Lyon, Sound Energy's Executive Chairman, commented:
"We are
Tue, 9th Aug 2022 07:00
RNS Number : 3276V
Sound Energy PLC
09 August 2022
The information communicated within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.
9 August 2022
Sound Energy plc
("Sound Energy" or the "Company")
Update re Phase 2 Development Financing and Launch of Farm-Out Process
Exploration and Appraisal Portfolio
Sound Energy, the transition energy company, is pleased to provide an update on the Phase 2 development financing of its Tendrara Production Concession, an update on the Company's exploration and appraisal activities and the launch of a farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits.
Phase 2 Development Financing and Farm-Out Update
As announced on 23 June 2022, the Company mandated Attijariwafa bank, a Moroccan multinational bank and one of the leading banks in Morocco, to arrange a long-term project senior debt facility of up to c.US$250 million for the partial financing (the "Phase 2 Senior Debt") of the currently estimated approximately US$330 million Phase 2 development costs (gross, 100%) of the Tendrara Production Concession. Progress continues to be made with a number of external banking advisers and data review and, as previously announced, the parties are seeking to negotiate binding terms for the Phase 2 Senior Debt within 120 days under the 8 month exclusivity.
In addition, the Company is continuing to mature industry and alternative financing solutions for the remaining Phase 2 development costs of approximately US$60 million net to Sound's 75% working interest in the Tendrara Production Concession. A number of industry counterparties capable of providing the required financing have expressed interest in pursuing discussions in respect of both of the Company's Tendrara Production Concession and surrounding Greater Tendrara and Anoual exploration permits.
As a result, the Company announces that it has initiated a formal farm-out process for the Tendrara Production Concession and the surrounding Greater Tendrara and Anoual exploration permits and has appointed Gneiss Energy Limited, a leading energy corporate finance advisory firm, to manage the farm-out process.
The objective of the area-wide farm-out is to seek a co-investing partner in each licence to both fund the expected balance of Phase 2 development costs and also to progress an exploration and appraisal drilling programme in the Greater Tendrara and Anoual exploration permit areas.
Exploration Update
Following the Company's announcement on 14 April 2022, the Company has continued to re-evaluate the extensive exploration portfolio within the Greater Tendrara and Anoual exploration
Graham Harrison
??@GrahamHengland??
Anyone notice the depth of the Mediterranean?
Anyone recall some posts re the Messinian Salinity Crisis?
Depositional volumes almost beyond measure
In addition...really??????
The upthrusted structures in the licenced area
and compressional forces...
Staggering
#prd
26/07/2022, 14:58
Sent from my iPhone
The_Cube
??@__The_Cube__??
??@lonny1971??
Curious to know more about #prd aspirations for oil exploration at Guercif.
Thermogenic & biogenic gas sources. Can only mean one (likely!) thing with surface oil signatures well-documented.
A favourable concession from ONHYM...
??????
TIME WILL TELL!
_CUBE_
25/07/2022, 13:47
@__The_Cube__??
Nothing more to add.
"The potential for multiple gas-water contacts may exist as is the case in the Anchois discovery and appraisal wells. However at this well location there is little seismic evidence for compartmentalisation of the target reservoir section."
#prd RNS
_CUBE_
The_Cube
??@__The_Cube__??
Even less to add (!!)
"...At deposition the independent studies indicated that these [ fine grained sandstones] sediments were likely to have 35 - 40% porosity and permeabilities between 2000 and 5000 Md."
11 sq. km structural closure (!)
#prd RNS 7/19/22
$$$$$$$$$$
Putin ‘to restart’ Nord Stream gas pipeline in boost for Germany - live updates
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The Nord Stream gas pipeline is currently closed for maintenance CREDIT: AP PHOTO/MICHAEL PROBST
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Putin is expected to restart gas flows through the crucial Nord Stream gas pipeline later this week in a move that would grant much-needed relief to beleaguered Germany.
The pipeline, which carries more than a third of Russian gas exports to the EU, was halted last week for 10 days of annual maintenance.
Earlier today Johannes Hahn, European Budget Commissioner, said the bloc was not expecting the pipeline to restart once the work was completed – deepening the energy crisis across the continent.
But Reuters reported that Russia will resume operations once the work is completed on Thursday, albeit below full capacity of 160m cubic metres per day.
Kremlin-controlled energy giant Gazprom cut flows through the pipeline to 40pc of normal capacity last month, prompting countries including Germany to rush to find alternative supplies.