Member Info for thewackmiester

Evening all,
Really pleased with todays news across all projects.
I would normally blab on about Ireland or T & T but todays news about Morocco deserves credit, more to the point as to how much money it will generate for all involved.
I have always struggled with Morocco and why we are there, chasing an old well GRF 1 drilled by Elf in 1972 and another old well on our permit TAF-1X drilled by Phillips 66 in 1979 especially when any research on either prospects drew complete blanks.
Paul has always been more than enthusiastic about the prospect and now I know why :)
After reading through the Arato Global rns with regard to the warrants, it was staring me in the face.

This paragraph is from the RNS Number : 2249Q
Predator Oil & Gas Holdings PLC
15 February 2019

" A Competent Persons Report ("CPR") by SLR Consulting was published for the Licence (formerly named Merada) in May 2012. For guidance, in 2012 the forerunner of the Moulouya Prospect ("Tertiary Prospect") was considered by SLR Consulting to have 515 BCF of undiscovered gas in place for the "Triassic Prospect" with Best Estimate 206 BCF recoverable based on only a 40% recovery factor (gross equity figures). Assumed gas price at the time was US$7.5/mcf. NPV 10% per BCF of discovered gas was considered to be US$ 1.34 million/BCF giving an unrisked EMV of approximately US$ 276 million for the gross recoverable gas resources".

The CPR report from 2012 goes into great detail about the then known license as Merada. The map on page 9 and figure 7 on page 15 are significantly important to our upcoming drill as we are drilling in close proximity to the original GRF 1 well, the report even goes on to mention the Taza windfarm project, highlighted in the 7th of December 2020 rns which is now in construction.
I now believe Paul and the team have always known the viability of Moulouya from more than a decade ago and when Fastnet/Pathfinder decided to abandon its interests the oil and gas industry, they lost the chance to prove what is there.
I can imagine his relief as he was putting pen to paper for the current lease. (he does have a bit of a grin on his face in the photo)

IMO because of what was disclosed in 2012 and in conjunction with the most recent CPR by SLR Ireland, we are not only ready to test huge gas reserves but potentially have an Oil reserve at well TAF-1X also.

There is reference to the Fastnet offshore prospect, however I would suggest reading the CPR multiple times as Merada is mentioned in the ending summary.

http://www.fastnetoilandgas.com/~/media/Files/F/Fastnet-Oil-and-Gas/financial-and-other-reports/cpr-report-pathfinder.pdf

Happy Happy reading.

GLA
Wacky

Hi Nic,
Totally agree, as we know Trinidad has 3 Billion barrels of oil waiting to be extracted through eor practices.
BPC have just wasted all that time and effort on what ?? Whereas spending the equivalent sums on restoring existing wells would seem to be more prudent.
IMO, as with Shell announcing peak oil recently was achieved in 2019, we will see more companies looking to recover existing reserves as a more cost effective and lower cost per barrel scenario.

Can only be good news all round.
GLA
Wacky

Hi Sefton
I’m pretty sure they were for Arato global.
No loss there then.

GLA
Wacky

Morning all,
Options and warrants maybe coming into play as rns

https://www.lse.co.uk/rns/PRD/issuance-of-share-options-9f859k2wr25zoj6.html

And if mind serves the 15th of February is final day for the 12p warrants to expire.

GLA
Wacky

Hi Lancy,
I did register for the newsletter but have had no further updates from the cerm project.

It could be Covid related, but it also could be that they have nothing further to report.
In the address by the Honourable Senator Franklin Khan he does mention the obvious links to the Cerm project but IMO that was for fresh ears as we all know the work already completed, has Identified all of the suitable mature oil fields on and offshore Trinidad for EOR last year, although they still have to publish the findings, but if memory serves there were certain legal confidentiality's which prevented them from doing so.

I also did chuckle at the way Senator Khan dropped in the:
" I was discussing with the CEO of Atlantic LNG just the other
day. If we capture the carbon, there are reservoirs and depleted oil fields in areas
nearby, such as Guapo, where the carbon dioxide can be stored".

As if the CEO of Atlantic didn't already know He He.
However this could be one of the companies Paul has spoken to and they are no Tiddler.
Atlantic LNG is owned by the National Gas Company of Trinidad and Tobago (NGC Trinidad and Tobago) and local subsidiaries of BP, BG Group, Repsol YPF and Suez.

GLA
Wacky

Found another piece,
February 1st 2021
This is a must read, for anyone who doubts our massive involvement in the future of Trinidad ?
The whole address is very good but page 6 onwards is what you may say "Related to our Ventures"

https://www.energy.gov.tt/wp-content/uploads/2021/02/Address-by-Senator-the-Honourable-Franklin-Khan-at-the-energy-chambers-enegy-efficiency-and-renewables-virtual-conference-2021.pdf

Happy reading
AIMHO of course.

GLA
Wacky.

Evening all,
A recent visit from the newly-appointed British High Commissioner to Trinidad and Tobago, Her Excellency Harriet Cross at the Ministry of Energy and Energy Industries was published on their website.

https://www.energy.gov.tt/wp-content/uploads/2020/11/Energy-Minister-receives-Courtesy-Visit-from-Newly-Appointed-British-High-Commissioner.pdf

The final paragraph is quite telling IMO

"Her Excellency Harriet Cross indicated that the British High Commission of Trinidad and Tobago
will continually support this country through representation to the United Kingdom by providing
training opportunities and supporting projects such as those related to the energy transition".

Training opportunities and supporting projects !!, read EOR and CCS, full support from the British Government, might this support transfer also to our other projects, Ireland and Morocco.

Exciting times.
GLA
Wacky.

Morning all
Article in the Business Post.

Shell to acquire a 50% stake in a wind farm project offshore near the Kinsale gas field infrastructure.

https://www.businesspost.ie/energy/shell-investment-gives-ballast-to-floating-windfarm-company-167b32ef

Now before we all run to the hills the article does state it is some time off +2030.
So IMO a hydrogen producing offshore wind farm will be the final outcome possibly utilising the Kinsale infrastructure in one form or another, however in the meantime we have one of the world’s largest LNG suppliers parking their bus right on top of where we are in Ireland.

https://www.shell.com/energy-and-innovation/natural-gas/liquefied-natural-gas-lng.html

Coincidence?
Who knows.
But the wind farm project would give the greens the option of “blending” the offshore LNG FSRU project into one whole package using natural gas as the backup for when the wind don’t blow, with Shell as the main contractor eventually ?.

AIMHO of course.
GLA
Wacky

Hi all,
An article in the business post today regarding Irish super grid.

https://www.businesspost.ie/companies/mainstream-renewable-to-chase-ipo-in-wake-of-norwegian-sale-9155aa23

This is the interesting bit.

“Solar is genuinely intermittent. But wind is variable. It very seldom stops. You will see some wind farms stopped in low wind areas, but in the likes of Ireland you will see them working somewhat 95 per cent of the time.”
The solution to the intermittency problem was a combination of increased battery storage and the development of large scale inter-country electricity grids, he said.
“I think we are going to run out of grid completely. We have already run out of grid in Ireland. There are a huge number of wind farms planned in Ireland that can’t be built because its impossible to upgrade the grid,” he said.
“The Irish government has said we should be able to export 30,000 MW from wind energy off the west coast and south coast. The ports are interested in that and I am completely with them. But you can’t do that without a super grid.”
O’Connor said his other company, Supernode, was working on developing super grids, and its technology could be the solution to powering the world with 100 per cent renewable electricity.

Sounds like it could be some way off before its a reality.

And an article I missed in the Irish Times 11/12/20 with Eamon Ryan quoting (Apologies if already posted.)

"All big industry would have to switch from fossil fuels to using electricity, hydrogen gas or carbon capture and storage technology, Mr Ryan said.
Gas had a role in the transition, he accepted, but that could be oversold – as was the case in parts of Europe. A radical shift away from fossil fuels was needed, but he acknowledged gas was currently needed for home heating and maintaining security of energy supply".

https://www.irishtimes.com/business/energy-and-resources/ireland-will-be-a-major-player-in-super-grid-fuelled-by-offshore-wind-predicts-minister-1.4434489

Just a couple more pieces of the jigsaw.

GLA
Wacky.

Hi Nic,
This article may help.
What's happening with fertilisers in Morocco could be linked to a possible strategy similar to ours/Chariots, as when the wind don't blow and the sun don't shine you need a backup.

https://www.siemens-energy.com/global/en/news/magazine/2020/power-to-x-morocco.html#:~:text=Green%20ammonia%20or%20e-Ammonia%20generated%20from%20Power-to-X%20processes%2C,agriculture%20and%20creating%20a%20new%20national%20export%20product.

This article has also further confirmed to me again how important we are (PRD) in Morocco.
It definitely fits into the Sphinx Puzzle He He.


Cheers
Wacky

Morning Nic,

From the rns 7th December 2020

Multiple potential options to monetise including: satisfying Morocco's entire current gas requirement for gas-fired power generation; compressed natural gas transport by road or rail to Morocco's major industrial centres; and for on-site electricity generation to support, during periods of interrupted supply, the new 87 MW wind farm being constructed by EDF RE and Mitsui & C. in the adjacent Taza area (operational 2022)

Found this morning.
Another report but stating 12 weeks to vaccinate entire country presumably.

https://northafricapost.com/47016-morocco-expects-to-get-covid-19-vaccine-on-jan-22.html

GLA
Wacky

Hi Sefton,
I appreciate your concerns with IR, may I suggest that they could act as a referee, as in we are playing the game and a great game it is if I may add.
If we for instance, stray far from the path, they could steer us in the right direction again, personally I would rather trust my own research than rely on a PR company for information, so in their own way posting after what has been discussed between us and then has occurred could be their way of vindicating our thoughts and ideas.
The player’s on this board, now that a few individuals have been sent off for bad behaviour are above and beyond by researching and posting their findings.
We could keep it all to ourselves but I think we all know where this company and our projects are heading and we help each other for the greater good, in a cutthroat world that really is a breath of fresh air.
People posting the most innocuous posts have sent me off in directions I would never even thought of, for example GRH and the tunnel linking Morocco to Gibraltar.
I’m still digging and working on that particular idea, what is coming back to me if I’m on the right track is absolutely fantastic, not just for Morocco but on how all our three projects are tying in together.
I don’t want to spoil the party so am reluctant to post what I have found so far until the time is right.
But what I could do is post a few clues, some right some wrong so if anyone else has picked up on this we could be heading in the same direction.

1 law.
2 construction
3 gatekeepers
4 desert
5 kingdoms
6 trade deals.
7 empires.

As this is pure speculation IR won’t be posting but it gives us something to think about before full time.

Have a great weekend all.
Wacky.

Morning Nic,
Yes, crazy world at the moment,
I read that to mean residential down on last year.

Cheers
Wacky

Interesting article from the Irish Times,backing up what Paul said on gas demand Ireland.
If you take into consideration how much demand is up compared to how much has been lost due to COVID-19, there is a good possibility that when things hopefully return to normal the gap between supply and demand could grow significantly.

Worth a read
Apologies if already posted.

https://www.irishtimes.com/business/energy-and-resources/gas-demand-for-power-generation-was-up-8-7-in-december-1.4459125?mode=amp

GLA
Wacky

Hi all,

IMO.
The share price is deliberately being kept in this range by forces beyond our control.
The stonking rns yesterday would have probably raised the sp of other companies out there quite considerably, so you have to ask the question why not PRD.
Paul gave us the answer in the rns yesterday.
We’re not ready.

Remove Ireland from the statement and base the comment on the company now as a whole.

In Paul’s own words :

The Company will not provide any new information on this preparatory work until such time as preparations for the necessary public consultations have been agreed in dialogue with the appropriate regulatory authorities. This is to avoid any potential premature reporting of isolated information taken out of context that may have the capacity to prevent a balanced and informative public consultation process that takes into consideration the views of all stakeholders

Nothing to see here, Yet.
But when it’s ready.

GLA
Wacky

Hi Bdt

Without delving to much into figures on eor production, if I have interpreted the information correctly I believe the Herrera #2 Sand at full production rate will produce @ 550 barrels per day from three wells instead of seven coupled with a 30% saving on CO2
Could possibly be why the team are more than delighted with the forecast results.

AIMHO of course
Big Big Smile
GLA
Wacky

Hi Nic,

I think the gist of the wind turbines tie up was to do with supplying gas to the electric company in Morocco in times of no wind so as not to turn the lights off when the wind don’t blow.
Slightly similar to the Irish proposal.
And they came close a few weeks ago with having to potentially fire back up moneypoint coal power station just in case of blackouts.

Both countries need Natural Gas, there is no other near term option which will satisfy demand.

IMO
GLA
Wacky

Totally agree Zebra,
Quite literally a fantastic achievement and to boot the results we have had from the Herrera #2 sand which Paul stated in the 5th September 2019 rns as being the most difficult compartment to work over makes this success even more compelling.

As per
Paul Griffiths, Chief Executive of Predator, commented:

This is really excellent news and allows us to focus on the larger resources potential of the Herrera #2 Sand which we originally considered might have been a more difficult operational challenge

IMO a fantastic update on all fronts and not to far away from suggestive posts by all parties who frequent this board on how the company is progressing.

A super super future awaits us all.

AIMHO of course
GLA
Wacky

If I was to make a comparison or a likeness to a movie with PRD being centre stage, my movies of choice would be !

Ice cold in Alex.
And
The Empire Strikes Back.

Cue the music.

Atb .
Wacky

Great find again Chislehurst,
The squeeze is definitely on, a tightening of worldwide LNG supplies, Corrib potentially on decline, and the only fixed supply of gas through an ex EU country.
Mr Ryan needs to get a hurry on.

GLA
Wacky