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Hi all,
Not that I’m trying to persuade anyone about the benefits of company information via Twitter, have an open mind and take a quick look at Angs on how they disclose progress on their projects without the required FCA approval.
I would like to see progress like this on our Twitter feed for the upcoming construction of the Mou4 CNG facility.
History being made and right up to date.
Is it better to move into the light or stay in the dark.
https://mobile.twitter.com/angusenergyplc
AIMHO of course.
GLA.
Wacky.
Morning all,
My sentiments entirely.
The wealth of knowledge you share is greatly appreciated.
Thank you for your support Grh and long may it continue.
Atb
Wacky.
Thanks for posting Pwooly.
That gives the greens something to hide behind.
Paul, Ireland yesterday, coincidence ??
We shall see.
Atb.
Wacky.
Morning all,
Utterances of a placing.
Not this time,
The simple question relates to Why would Paul employ Tom Evans (impressive CV) to go to the market for a few million when Paul could do exactly the same thing himself.
Pointless really, when we have contingent resources of $650 million + in Morocco.
However I will grant there could be a raise for a “Substantial” amount to develop Ireland, but again if that was announced the SP would raise to such a level that no one would care anyway.
Lonny’s tweets.
Keep em coming Lonny,
As quoted yesterday, within FCA rules, not a problem as far as I’m concerned.
In fact I prefer Lonny’s tweets to RNs.
Every time the company releases an RN the MMs take delight in tanking the share price, when Lonny tweets the opposite usually happens and it is free to tweet, it costs money to publish an RN. Funds which are better placed on Paul’s trips to Ireland.
Speaking of which,
As we know the Decc asked for “one” final piece of information with regard to the successor authorisations for Ram Head and Corrib.
With that in mind Why would the Irish Government want to see Paul in person ??.
We live in a digital age.
There is a photograph on PRDs website with Paul signing the Documents for the Guercif license.
Now I’m just speculating.
AIMHO of course.
Atb.
Wacky.
Evening all,
Just a quick one before bedtime.
If I was to look for finance from a JV or a finance house In pretty quick time, I would need proof that I had a commodity worth investing in.
So how could I prove to gain access to say £15 million to develop a CNG project that has never been done before in Morocco as well as drill a couple of virgin wells on the back of the results of one previously drilled well that returned good gas shows (MOU1) but which hasn’t been rigless tested yet ??
Mmmm tricky one.
I wonder how the rock sampling of MOU1 is coming along ??
E = per x por x charge
AIMHO of course.
Atb.
Wacky.
Hi Kieth
I strongly agree a rolling credit facility would be much more palatable than losing 25% of the Guercif license and worse still being tied in with “a pain in the ar*e partner” at this level.
(CEG anyone ?)
“At this moment in time”
AIMHO of course.
Atb.
Wacky.
Hi all,
Lonny does like to keep us on our toes :)
I think the question to ask oneself is why would Lonny advertise the more “Expensive” option for the development of the CNG facility over the more cheaper option of drilling three holes in the ground and or before advertising the construction of the first wellpad which is supposed to be Mou5.
Once you have worked that out, I think you may realise that we are further down the road than previously thought on more fronts than one.
AIMHO of course.
Gla.
Wacky.
Morning all,
From the info supplied via the last two RNs there is the possibility that the Ardmore field may be the front runner when it comes to gas storage.
The question here is why develop a relatively small field, only 47bcm ? Unless the question was asked “have you got anything smaller”
In other words “We the greens” will be able to sell this project a lot easier than giving the go ahead for a Trillion plus gas field and storage development of which the Ram Head is.
However as per the end of year report, the Ardmore field is part of the Ram Head license, so once that is approved what is to stop the development for the remainder of the field and as stated the revenue generated from the development of the Ardmore Field will become self funding via the sell down of the virgin gas before it becomes a storage facility.
Our BOD don’t sit on their hands.
AIMHO of course.
Atb.
Wacky.
Hi Ford.
The very next day after announcing he would be buying £50k of shares through RN, a trade showed up of that same amount.
I presume that was it.
Atb
Wacky.
Morning all,
Looks like we are going down the same road of mudslinging between each other when if anyone is mispleased with the current SP and that includes me , might I suggest that our displeasures are directed in one direction.
Namely the Market Makers.
They are dictating the price and once again they have shown disregard to an end of year or any RN in that respect when it comes to our company.
We have made good with progress in Ireland, level pegging on Morocco waiting for the right time to commit financially and good progress on Trinidad, even though we are owed cash by Challenger.
We have no Debt, cash in the bank to complete works already planned and good future prospects backed by a great team
However in their eyes a 16% drop at one point was justifiable.
How, Why, an explanation, nope. ?????
The City are terrified of having their pants pulled down on this one, well it’s about time they grew a pair and recognised what a great company this is.
Btw anyone notice on page 55 of the end of year that Lonny has bought 555,555 shares.
https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/06/POGH-2021-Annual-Report-28.06.2022-Final.pdf
AIMHO of course.
Atb
Wacky.
Morning all
Agree, TT-T all known about, Ardmore is slightly new tho.
Atb
Wacky
Hi all,
Looks like Trinidad are putting a lot of effort into rolling out a “Major” CO2 project.
They must be quite happy with the proven results provided by Prd to take this next step.
The Ministry of Energy and Energy Industries have updated their site.
https://www.energy.gov.tt/our-business/carbon-capture-utilization-and-storage-ccus/2/
I would suggest clicking on all the links as there is a lot of info to digest.
AIMHO of course.
Gla.
Wacky.
Ps nice to see Prd get a mention in the CO2 carbon capture update section.
Morning all,
Thanks for the reminder Grh,
That could possibly explain why there are four well heads on order.
The “Spare” well head fitted to Taf-1x, now renamed Tfr1 and used as you have suggested once Mou/NE is drilled to simultaneously test updip and downdip on the reservoir.
It’s all getting interesting.
Atb
Wacky.
Hi all,
Although the general consensus is its ok to openly discuss how much extra electrical generation is required, it seems as though as we well know to discuss or propose the security of supply for Gas to power future electrical generation is strictly Taboo especially from Minister Ryan.
The CRU however is more open in its assessment's of the forthcoming crisis.
This paper published by the CRU 29/09/21 states :
Page 9
"In order to meet growing demand, replace retiring generators and support additional penetration of
renewables, it is necessary to procure and deliver at least 2000MW of additional flexible gas-fired
generation capacity by 2030 at the latest."
https://www.cru.ie/wp-content/uploads/2021/09/CRU21115-Security-of-Electricity-Supply-%E2%80%93-Programme-of-Actions.pdf
and the regulatory body also recommends " the application of discounts to LNG for the purposes of increasing security of supply."
Page 16
https://www.cru.ie/wp-content/uploads/2022/06/CRU202246-Gas-Transmission-Tariff-Methodology-Tariff-Network-Code-Article-28-Gas-Year-2022-23-Decision-Paper.pdf
If it is true with regard to the overdue Security of Supply document being barred from the public view, it must be very damming indeed.
I wonder if it would be in the best interests of some, at some point in the very near future for the report to somehow find its way into the public domain.
AIMHO of course,
GLA,
Wacky.
Morning all,
With regard to the 12th May RN, this paragraph in particular :
Ireland.
“ On 1st April 2022 the Company was sent correspondence from the Geoscience Regulation Office ("GSRO") of the Department of the Environment, Climate and Communications ("DECC") stating that prior to concluding its assessment of the Company's applications for successor authorisations to the Corrib South Licensing Option 16/26 and Licensing Option 16/30 Ram Head, the GSRO required one additional piece of supporting information. The DECC confirmed that it was not seeking any information in addition to that requested above. The information was relayed to the GSRO and an acknowledgement receipt was received by the Company on 19th April 2022.”
I think the question was company or procedure specific as it was asking about both offshore licences.
Who are the GSRO ?
The Government office was launched in January 2021., So a new regulatory office to oversee GeoScience
https://whodoeswhat.gov.ie/division/comms/Geoscience_Regulation_Office/
In March 2021 an Mou was signed between the CRU and the GSRO.
https://www.cru.ie/wp-content/uploads/2021/05/CRU21051-Memorandum-of-Understanding-between-the-Commission-for-Regulation-of-Utilities-and-the-GeoScience-Regulation-Office-GSRO-of-the-Department-for-the-Environment-Climate-and-Communications.pdf
Meet Clare, this Lady is head of the GSRO, interestingly her background is Petroleum related working for such Companies as Conoco and her biggest achievement in her words was to be involved in the largest offshore survey, particularly the Atlantic Margin where Corrib is situated.
https://www.publicjobs.ie/en/information-hub/latest-news-and-events/709-meet-clare-head-of-geoscience-regulation-office-department-of-environment-climate-and-communications
So The question is, why go to all this expense of creating a specific department ran by Petroleum scientists, being tied into other governmental bodies at a time of preferred renewable interest.
Is it a smokescreen.
Is it purely to regulate the current Corrib production and the decommissioning of Kinsale operation.
Or is it for future offshore operations.
That I will let you decide upon.
I’m going for option Three.
AIMHO of course.
GLA.
Wacky.
Hi all,
Thanks for posting PT, it would appear that Minister Ryan is indeed changing his stance towards Lng.
The business post is running the same article about New Fortress in a slightly more in-depth version.
https://www.businesspost.ie/news/taoiseach-told-by-us-billionaire-that-shannon-lng-venture-is-shovel-ready/
This particular paragraph at the end is quite revealing and as to the best of my Knowledge I can’t recall other businesses proposing Gas storage apart from Prd, happy to be corrected, but if this is the case, I think we have a big thumbs up on our way.
“ It comes as pressure mounts on the country’s power system, with the state forced to import 600MW of emergency gas generators from winter 2023 at a cost of €300 million a year just to prevent blackouts.
Irish government officials confirmed recently that the construction of significant gas storage capacity and the development of LNG terminals are likely to be part of a number of recommendations contained in the soon to be published review of Ireland’s energy security.
The Commission for the Regulation of Utilities (CRU) has also said in recent months that Ireland should not delay developing LNG infrastructure to ensure the state’s energy security.
Despite these projections, there is still significant opposition to the Shannon LNG project within government, particularly among the Green Party.
Last January, Eamon Ryan, the Minister for the Environment, Climate and Communications, intervened directly in the planning application of the Shannon LNG project, telling An Bord Pleanála it should not be permitted “under any circumstances”.
Earlier this month, the European Commission launched a €210 billion plan to replace Russian gas, which includes supports for member states to develop new LNG capacity across the continent”.
AIMHO of course.
Gla,
Wacky.
Morning all,
Totally agree F & M, Grh, very well made points.
Further to Morocco, An article from Business Insider would suggest that the decision and probable in near time announcement of new gas pipelines and upgrades from Spain to the EU is on the cards to remove the current bottleneck of restrictive gas supplies, hence then the EU being able to take large amounts of gas directly from North Africa, moreover through the Maghreb pipeline and PRD in particular.
"The only problem that we have is the interconnections. That is why I think it was very important that the commission made a clear statement that we need to increase and to intensify the interconnections from the Iberian peninsula with the European energy market," he said.
Also it looks like Morocco has received natural gas through the Maghreb pipeline through the re gasification and reverse flow procedure as highlighted in previous news release’s.
https://apple.news/AlpKDtq8UQ5Wif9UlTl-yag
Waiting for news from T&T with baited breath.
AIMHO of course.
GLA
Wacky.
Morning all,
I agree with smartbeds on this one.
Gla
Wacky.
Morning all,
A very well presented paper and as GRH said will give the press something to get their teeth into.
If you ask anyone, anyone at all who Predator Oil and Gas are, I can pretty much guarantee a look of befuddlement will be the answer.
Just because we know the ins and outs of our company, doesn’t mean to say the general public has any Idea what the proposals are to help get Ireland out of the pending turmoil and financial hardships which are hurtling towards them.
While Minister Ryan and his merry bunch of dithering greens are riding their bikes and grinning like Cheshire cats on the new eco friendly cycle lanes, there will be some seriously pi**ed off people from all walks of the Irish populace starting to point fingers at the disastrous green energy policy.
Has anyone done the maths on how much the Irish economy has lost due to the 30 data centre cancellations.
Billions, tens of Billions of lost revenue.
That doesn’t go unnoticed.
Minister Ryan is being backed into a corner and no politician likes to announce a policy unless it’s their own or they are given the opportunity to hide behind a piece of official documentation.
The official documentation in this case will be the security of supply review which is due soon, so Bravo to Paul and the team for putting this white paper into circulation now, a great piece of timing.
Did anyone notice Lonnys tweet just before 10am about the data centre article. (We knew about this, but who didn’t ? )
https://www.irishtimes.com/business/financial-services/eirgrid-halts-talks-with-potential-data-centres-over-electricity-curbs-1.4886383
What we could do with now is some great publicity in Ireland to hammer home the facts and consequences of a do nothing attitude from the Green Party to turn the tide in our favour and I do believe that is the game plan.
Time will tell.
AIMHO of course.
Gla.
Wacky.
This paragraph taken from the Irish Academy of Engineering which I posted a while back says it all.
Page 11, para 4.2
A 2016 CER assessment report13 noted that in the cold periods of January and December 2010 a combination of production and storage gas from Kinsale contributed to 16% of Ireland total demand. Without this source of gas, the Moffat entry point would have been strained and unable to deliver the gas required to meet demand.
http://iae.ie/wp-content/uploads/2018/08/IAE_Natural_Gas_Energy_Security.pdf
Ireland have a choice, source more gas in the near future or set the country back decades.
There is no other option at the moment.
AIMHO of course.
Gla.
Wacky.