Member Info for sygmaa

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Comparative value10 Feb 2026 07:19

Hidden away in today's EOG Placing RNS are some details of their Barracuda prospect offshore Equatorial Guinea. This contains Pmean 893 BCF. They give it an NPV10 of $1823M. This is very close to the $2M per BCF NPV10 I have been using as a valuation of Guercif . However, it seems that our gas might be worth a lot more per BCF than theirs because of the negative effect of their much higher front-end loaded costs - a mere trifle of $53M for the well! Plus undersea connections to a nearby producing platform. Oh, but Predator doesn't have any gas. There, trolls, saved you the trouble of posting.

Yes,

Hemoglobin had returned disguised as a lawyer.

Good evening Dalrice,

perhaps this is what's happening on Sound:

Mana Energy is acquiring 55% of Tendrara in exchange for drilling two wells,

Sou is keeping 20%.

Italgas on the work for the micro-enterprise gas company.

https://medias24.com/2025/04/21/gaz-naturel-derniere-ligne-droite-pour-mana-energy-et-sound-energy-pour-une-premiere-production-a-tendrara/

In just one post, Terminator sums up the situation pretty well, doesn't he?

About SOU ,KeithOz 28/Mar/2026 ==>

Fact or Fiction?28 Mar 2026 04:03

Following the concerted troll attack on Thursday after Paul's interview, I was delighted to see a total absence of green boxes on this board yesterday. Until late evening. Out of curiosity, I opened them up to reveal misinformation that I will address.

1. How does Europa get their license extended within weeks while we are waiting years?

* Ireland offers a staged system: Licensing Options (LO) are preliminary/non-exclusive authorisations (typically up to 2 years) that give the holder the first right to apply for a full exploration licence. Frontier Exploration Licences (FEL) are a category of exploration licence for frontier/deepwater areas. FELs have a standard 15-year term, divided into phases, with work commitments.

* Europa: Holds a full Frontier Exploration Licence FEL 4/19. This is an active 15-year exploration licence. Their approval yesterday was just for the next phase, and is essentially automatic.

* Predator: Holds Licensing Option LO 16/26, awaiting conversion to a FEL. Ministerial agreement is needed for such conversion, based on stringent financial, operational and environmental criteria. This is discretionary, not automatic.

Then accusations that PG isn't telling the truth about reasons for the delays.

* Do you really think that attorneys specialising in Energy Charter Treaty cases would take on PRD's case on a no win / no fee basis without doing due diligence?

2. Our failed financial journalist friend, who has to use emojis to express what he is unable to put into words, is accusing others of fanciful valuations per TCF of natural gas. I think those valuations are too low. My assumptions:

* A conservative $8 per MCF / $8M per BCF operating profit for PRD selling for CNG/LNG

- SDX are selling their gas at $11-12 per MCF to industry.

- The SLR study used a range of undiscounted net-back values from $7.37 for industry, up to $12.19 per MCF post-tax for CNG.

- SOU price to Afriquia Gaz is lower at $8.35, since AG need to truck it an extra 120km.

* Standard Net Present Value calculation with 10% compound discount (NPV10) based on $8 per MCF post-tax net-back; gives $2M per BCF for gas to industry.

* Gas for CNG/LNG could be worth almost twice that amount, but for now I will use the conservative number.

* Once outstanding warrants & options are exercised, there will be 980.6M shares in issue.

* GBP:USD is 1.34

That gives a value of £1.49p per share per TCF once Reserves status is achieved – once the gas is proven recoverable, and that a fully-financed route to commerciality is in place. We await the agreement that PG has referred to, and the successful drilling and testing of MOU-6. If all in the bag, this valuation should be achieved by August 2026.

If you think this valuation is fanciful, CHAR were claiming $4M per BCF ($4 Billion per TCF) NPV10 on Loukos, and TheBold was putting $10M per BCF for Anchois

Good Number.

l have buy a little this week,

Now it's 2 330 000 .

That's right Hightlandmatt, but the thermal gradient must be less favorable.

Thanks for the books.

It's fortunate that there are also serious posts here.

"You who pass by without seeing me,"

sang the Peter Sisters.

The guy must be completely blind.

That you'll recognize her at first glance when she passes by.

Although in fact she's always been there

it's we who pass by.

For a long time I went to bed early, I mean when the rooster greets the sunrise," said the poet.

Yes, having searched for it for entire nights and finally arriving here where the Founding Fathers have been clearing the land for so many years,

from earth to sky,

from geology to aeromagnetics...

Okay, I'll stop there, otherwise I'll end up a monk -:))

A great quote from Nomadme (TRP):

"Geopolitics changes but geology doesn't."

I would add:

"Especially when geopolitics changes in your favor."

He usually eats troll meat,

but it made him sick;

they're poisonous, hence the vet's notes.

I also have a cat who costs me over €300 a month in vet bills and special diets (my daughter's whims).

That's an expensive kilo for a nasty little creature!

Luckily, my gaseous Cinderella will help me soon!

🐾🐱

Thanks Tincan, keep it going! :))

This will save me from getting complaints at home from my wife and daughter.

I can't be the only one.

Especially since I've been adding quite a bit without saying anything -:))

No problem, we're going to heaven.

Https://oilprice.com/Latest-Energy-News/World-News/Goldman-Another-Month-of-Hormuz-Closure-Means-Over-100-Brent-Throughout-2026.html

Well, if we're at over $9 net profit per MCF, that's more than reassuring!

It's too much; I don't even dare do the calculations anymore.

Thanks, KeithOz.

Parmenion has been reported.

Even if we only retain 15 to 20% of 2 billion cubic feet/day at a minimum profit of $6 per 1000 cubic feet,

that still represents a very significant flow.

Leviathan produces 2 billion cubic feet per day, which corresponds to 0.73 Tcf per year = 30 years of production = 22 Tcf.

This is the size needed for a long-term, reassuring relationship with a buyer/seller. Guercif can do the same with its shale gas, its 7 Tcf biogenic, and even more with its thermogenic.