Member Info for swizz

Another multi national becoming increasingly vocal in relation to Ireland’s farcical energy sector, this time Intel being very explicit with their thoughts, you sense Ireland are on the cusp of a major shift in energy policy,..GL S

“Intel warns senior Government figures that high energy costs could threaten Ireland’s competitiveness“

https://www.irishtimes.com/business/2025/08/04/intel-warned-senior-government-figures-about-high-energy-costs-and-planning-issues/

The records include a note of a May 1st meeting between Intel representatives and Minister for Enterprise Peter Burke.

The document says Intel referenced a recent call between chief executive Lip-Bu Tan and Taoiseach Micheál Martin “where the energy cost issue was discussed” and “noted the need for Ireland to take demonstrable actions on this issue”.

The Government side said forthcoming plans on competitiveness and large energy users “would chart a pathway forward on this crucial issue”

Another multi national becoming increasingly vocal in relation to Ireland’s farcical energy sector, this time Intel being very explicit with their thoughts, you sense Ireland are on the cusp of a major shift in energy policy,..GL S

“Intel warns senior Government figures that high energy costs could threaten Ireland’s competitiveness“

https://www.irishtimes.com/business/2025/08/04/intel-warned-senior-government-figures-about-high-energy-costs-and-planning-issues/

The records include a note of a May 1st meeting between Intel representatives and Minister for Enterprise Peter Burke.

The document says Intel referenced a recent call between chief executive Lip-Bu Tan and Taoiseach Micheál Martin “where the energy cost issue was discussed” and “noted the need for Ireland to take demonstrable actions on this issue”.

The Government side said forthcoming plans on competitiveness and large energy users “would chart a pathway forward on this crucial issue”

A good update and realistic, with some justified optimism, following the results of the MOU3 appraisal works, which do place us in a much better position for MOU6, plus, also very encouraging to hear the T&T snippet and revenue generation from September,... GL S

Agreed Battle, I believe that would be the approach that would be more beneficial for Barryroe to focus on the reversal of the LU decision and for Lansdowne and other qualifying claimants to focus on the ECT claim against, the Irish government need to have significant wake up call and I sense that is getting much closer, …GL S

I would suggest it will not be Irish domiciled companies, as Irish companies would not qualify for the ECT process against their own government, it is more likely to be UK domiciled companies, ..GL S

Tc, an interesting thought, but I sense the protracted development is more to do with previous technical issues, some of which appear self inflicted, but certainly not catastrophic, as some would suggest, the step up in the calibre of technical partners is very reassuring and encouraging, so I am very optimistic for the future,..GL S

Mb, the report is an important part of the pathway, but the most important imho is the lit funding agreement, which we know from the previous update is also very close, so the stars are starting to align slowly but surely,..GL S

Agreed, it’s a significant step forward technically, following some major mishaps previously and the commercial opportunities are still there and in my opinion will be exploited in the near future, … .GL S

It also perhaps brings the following into context and a suitably structured joint venture could be extremely beneficial,..GL S

"Morocco Launches Ambitious Public Sector Reform with ONHYM Restructuring"

https://www.moroccoworldnews.com/2025/06/221238/morocco-launches-ambitious-public-sector-reform-with-onhym-restructuring/

Agreed PW, I mentioned this a few days ago, that I am not overly opposed to the update taking time and I am very much leaning towards the positives, as it does suggest operations are proceeding without any major issues that would require RNS disclosure and as we are now circa 10 days plus, the lack of negative updates (e.g., operational failures, equipment issues, or safety incidents) do imply steady progress, which is very positive in my opinion, in the context of a high-stakes appraisal well,.. GL S

It is not completely unknown for companies to delay updates to protect proprietary information, or indeed align announcements with significant in country milestones, so fingers crossed that is Predator’s plan with the MOU3 results,…GL S

I am not overly opposed to the update being released beyond the 10 day time line and I am very much leaning towards the positives, as it suggests operations are proceeding without major issues that would require RNS disclosure and as we are now circa 8 days in, the lack of negative updates (e.g., operational failures, equipment issues, or safety incidents) do imply steady progress, which is very positive in my opinion, in the context of a high-stakes appraisal well,.. GL S

Tight lines and screaming reels SH!

Below is from a good industry contact, which provides some context and considering we are working with tier 1 industry specialists, I think the excitement is justified,..GL S

Gas well perforation is generally considered a successful and critical process for enabling gas flow in many hydrocarbon reservoirs, but its effectiveness depends on several factors.

Factors Determining Success:

1. **Reservoir Characteristics**: Perforation is most effective in reservoirs with sufficient pressure, permeability, and porosity. In tight formations (e.g., shale gas), perforation alone may not ensure optimal flow without additional stimulation like hydraulic fracturing.

2. **Perforation Design**: The number, size, density, and placement of perforations significantly impact gas flow. Properly designed perforations maximize contact with productive zones and minimize formation damage.

3. **Execution Quality**: Advanced perforation techniques (e.g., shaped charges, underbalanced or overbalanced perforation) and precise targeting of reservoir zones enhance success. Poor execution can lead to formation damage or restricted flow.

4. **Post-Perforation Stimulation**: In many cases, perforation is paired with hydraulic fracturing or acidizing to improve flow, especially in low-permeability reservoirs.

5. **Reservoir Conditions**: High-pressure reservoirs typically respond well to perforation, while depleted or highly compartmentalized reservoirs may require additional interventions.

Success Metrics:

- **Flow Rate**: Achieving commercially viable gas flow rates indicates success.

- **Pressure Response**: Post-perforation pressure tests can confirm effective reservoir connectivity.

- **Production Data**: Long-term production performance validates the perforation's effectiveness.

Industry Context:

Perforation is a standard practice in gas well completion and has been refined over decades. Modern technologies, like real-time monitoring and advanced perforating tools, improve precision and outcomes. However, in unconventional reservoirs (e.g., shale), perforation is often just one step in a broader completion strategy involving fracturing.

Conclusion:

Gas well perforation is a successful process for initiating gas flow when properly designed and executed, particularly in conventional reservoirs with favorable properties. Its success is enhanced by integrating it with other stimulation techniques and tailoring it to specific reservoir conditions. For detailed insights into a specific well or reservoir, further analysis of geological data and perforation parameters would be needed.

It really is quite extraordinary that here we stand on the edge of what will hopefully be a material moment in the companies history, working alongside a series of best in class contractors and specialists and yet again this discussion forum descends into a chaotic mess of complete nonsense from a handful of idiots, don’t allow them to control the narrative!, AS perforation is in circa 48 hours, or sooner!,..GL S

Ireland on the precipice, which is another timely reminder of the multiple development opportunities that Predator are intrinsically linked to, which bodes well for shareholders,.. GL S

https://www.cso.ie/en/releasesandpublications/ep/p-ngdsd/networkedgasdailysupplyanddemandapril2025/?utm_source=X&utm_campaign=NetworkGas

In April 2025, Indigenous Gas Production was 15% lower and imports rose 2%, compared with April 2024 (See Tables 1B, 1C, and Figure 1).

Imports represented 81% of total gas supply in April 2025, with Indigenous Gas Production from the Corrib gas field and biomethane plants accounting for the remaining 19% (See Tables 1A to 1C).

Total gas demand in April 2025 was 4,265 gigawatt hours (GWh), which was 1% lower than the April 2024 figure of 4,326 GWh (See Table 2A).

Gas demand in April 2025 by Non-Daily Metered Customers, at 710 GWh, was 24% lower compared with April 2024. This was the lowest Non-Daily Metered gas demand recorded for the month of April since the time series began in 2018 (See Table 2C).

In the first four months of 2025, Indigenous Gas Production was down 14% and imports were up 5% compared with the same period in 2024 (See Table A).

I wonder if anyone was in the market with CEG viewpoint and with an expectation of a lower share price conversion rate?, the decision to settle in cash may result in some other benefits yet to unfold?, …GL S

Agreed MMR, on every level it makes absolute sense to ensure we retain autonomy and control, a very shrewd and strategically effective move,…GL S

Italfluids certainly bring significant gravitas to the project,..GL S

Italfluid Geoenergy S.r.l., a part of the Italfluid Group, is considered a specialist in the field of natural gas extraction and production. Founded in 1975, Italfluid has over 30 years of experience in the oil and gas industry, particularly in the upstream sector. The company provides a range of specialized services that directly support natural gas extraction and production, including:

- **Production Testing of Oil and Gas Wells**: Italfluid conducts early production and long-term production tests, which are critical for assessing the viability and output of natural gas wells.

- **Gas Desulfurization**: They specialize in removing hydrogen sulfide from natural gas (sweetening sour gas), ensuring it meets pipeline quality standards.

- **Design, Construction, and Maintenance of Process Plants**: Italfluid designs and maintains hydrocarbon processing facilities, including gas compression and dehydration systems, which enhance well production and prepare natural gas for transport.

- **Well Measurement and Monitoring**: They perform measurements and checks in wells, such as memory gauge readouts, to optimize production processes.

- **Multiphase Pumps and Well Services**: Italfluid has extensive experience with multiphase pumps, coil tubing, and slickline/E-line services, which are used in both onshore and offshore natural gas operations.

Italfluid’s integrated approach, combining field operations with engineering and manufacturing, has positioned it as a leading Italian service company in the upstream oil and gas industry. Their expertise in handling complex processes like gas desulfurization and dehydration, along with their global operations, underscores their specialization in natural gas extraction and production.

Agreed J13, I will also be looking out for site attendance details and more importantly, exactly who is represented,..GL S

Good to note energy on the agenda at the recent high level diplomatic meetings with the US, especially at such a material moment for Morocco’s infrastructure and energy sector development, global attention is perhaps another consideration?,..GL S

https://x.com/us_sradvisoraf/status/1942643662997102855?s=46&t=x7SvrWh3-v96okOICL8OnA