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Reports from Germany suggest they have 85% of reserves stored to help cap prices, whilst other news Reports have declared years of winter misery ahead?
Trying to agree a gas price in this climate can't be easy. Any guesses?
EDF, BP, Excelerate and others still waiting on gas terminal bid results
Numerous global gas giants, as well as local leaders Nareva and Afriquia Gaz, are still waiting on Leila Benali to make her decision on a tender launched in October. But as gas prices skyrocket, the Moroccan energy minister is looking to get the timing right.
According to African intelligence. DYOR
Deal breaker, I have no issue with your analysis, but it includes an assumption of competence. Some have questioned the BoD in that regard, others defended them. Personally I feel we are moving along nicely but could do with better promotion.
Have you an opinion on the timing of the share awards?
SDX Energy PLC - London-based oil and gas company - Spuds the SAK-1 exploration well at the Lalla Mimouna Sud concession in Morocco. The well is 75% owned by SDX Energy and is the first in a two well campaign on the Gharb Basin acreage in Morocco.
For countries like Morocco, the rise of the dollar will inevitably impact the balance of payments, not to mention energy and cereal bills. It was expected. The euro will likely follow suit. Whilst Spain feeds gas to Morocco the cost will go one way. Pressure is building.
There is no partner yet. Speculation is all we have regarding farm ins/outs, re-financing, dilution, etc.
Now we have the confirmation on product the dealing can go ahead, it takes a bit longer. We have excellent resources and a strong market so regardless of what deals we have it is better than where we are now.
Agree with that. The recent Algeria deal is not able to increase to meet EU requirements, its is simply limited in what it can supply. The fact spain is supplying morocco with gas atm , points to a very strong market.
Looked again at relations between Morocco and Algeria. There is no shortage of newsflow proclaiming warnings of conflict, most to grab attention only to water it down to a breakdown of diplomatic relations.
This breakdown has been a part of their relationship for a long time with spain and the EU involved in trying to support both sides at times. Trump's recognition of Morocco's sovereignty over western Sahara to improve Israels connection to Morocco, began the latest rift, causing the gas cut off to Morocco and Spain by Algeria (Morocco got 10% of the gas). If conflict was likely it would havw been then.
Whilst both have ties to the EU, Algeria has strong ties to Russia, particularly militarily. It is therefore obvious that while some parties would look to repair their relationship, others may look to do the opposite.
Both countries maintain diplomats in each others camp. Future potential for both is high. Imo
Morocco's energy is diversifying to solar qind and gas. I agree its gas needs will increase but there is plenty to spare yet to be drilled. Don't think war is realistic between Morocco and Algeria, trade competition yes.
Spotted this . Not sure if it's been noted before.
https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://ihsmarkit.com/research-analysis/moroccos-anchois-discovery.html&ved=2ahUKEwjM48rsg-T4AhUCgFwKHRLxAIgQFnoECCcQAQ&usg=AOvVaw0Xe5Qd97zNhqq8G_wBUIAN
Positive raise. Above the bid level and over subscribed, as a result of expectant news over the coming week, I believe. The need for alternative gas supply is clear,( north sea cambo revisited and production being ramped up), the support from Morocco and Spain is clear now,(at the expense of Algeria politics). Gas prices rocketing. I suspected some effort to prove CHAR is ESG through action rather than just words would be required and am quite happy some of the raise may be used to achieve that necessity. Struggle to see any negatives in the immediate future IMHO. Happy to hear any views.
DYOR .