The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't mind the sellers, draft,....after reaching for the calculator,....following a few quick calculations, I reached for the phone,....increasing our EOG shareholdings, (paid s/p@2.76p for market size tranche),....I'm looking forward to;-
Serenity drill result,....Wressle progress updates,....progress updates with the Inishkea prospect (which is an existing licence, as was RKH licence, in the successful arbitration case, against Italy), near the Corrib gas field,....then there is Morocco,.........I'm not going anywhere either, been here a long time & I like the balance EOG now have.
BW
25% of 35,000 barrels of oil per day ( https://youtu.be/dSY4Op11APM ),....that had me reaching for the calculator,....thanks for I3E presentation on Serenity link, Aimster.
BW
In the Final Results (Tue, 31st May) RNS, the guidance is:
"In January we applied for, and were granted, an extension to our Production Licences and Discovery Area. The revised expiry date is 31 December 2022. This is the maximum extension currently available and did not come with additional work obligations."
I would like to think, that BOR licence will be extended, MrBond007,.......according to Google, Year To Date (YTD) chart, BOR are up 881.48% (from s/p@0.54p on 4/1/2022, to the current s/p@5.3p),......as there is no certainty, on a licence extension, I have taken advantage of the rise, top slicing to virtually free (our Gross Average s/p@0.04488p) BOR shareholdings.
BW
Hi Redbox,....I was very impressed with the PRD presentation,.....the market PRD are focused on,.....the safety margin (1,000) with drill, along with the guidance on the drill result,....I sliced to free (6 figure plus cash profit) PRD shareholding, long ago,....the strategy I use, is to go to free shareholding positions, when possible,...I like to be in a position of, "No Fear", which I am here at PRD & several other of our shareholdings,....the others, I consider work in progress, hoping to eventually turn those, into free shareholdings, although I do not expect them all (16 different companies) to work out.
BW
Hi brezhnef,.....that made me smile, when he mentioned, RKH successful arbitration case against Italy (we also hold shareholdings, in PRD & RKH),.....I initially bought back into RKH, for the arbitration case,.....we also hold shareholdings in PVR & LOGP,.....hopefully, things will move forwards, with the Irish existing licenses, now.
BW
Thanks for posting the presentation video ( https://youtu.be/e25SVlLdo3s ), FabPhil,......I had been uncertain, about how successful MOU-1 had been,.....that uncertainty, has now left me,......the way PRD are focused on their market, has left me very impressed,......the Ryan candles remark, made me smile (ref: RKH successful arbitration result against Italy).
BW
Extract:
Simon Oddie, CEO of Europa, said:
"We are pleased to have secured this source of debt financing from UJO, which is one of our joint venture partners at Wressle. The loan will provide us with additional liquidity and reflects the prudent cash management philosophy that we adopt at Europa when looking at the various development settings that we could face in the near term. One of these scenarios includes a success case side-track that may be drilled in the upcoming Serenity appraisal well. The side-track could prove up further volumes in addition to those proven by the main wellbore and these additional funds will ensure that we have sufficient working capital to progress all of our assets under the potential growth scenarios that we are modelling."
Source: https://www.londonstockexchange.com/news-article/EOG/loan-facility-secured/15621586
What I get from that is, "prudent cash management philosophy ",.....as in the success case, with the upcoming Serenity appraisal well, extra finance may be required, for a side-track,....sensible strategy,(IMO).
BW
I just took a 3D Prospect Tour ( http://www.argosresources.com/the-opportunity.php ),....giving myself a timely reminder, why we hold ARG shares,.....I'm no geologist, but I have heard it said by one, that the best place to look for an oil field, is close to an existing one,....with sea lion, looking as though it's going to be developed now, (IMO),.....ARG with a market Cap of £6m approx, their acreage location, along with the 3D, make ARG a hold for myself.
BW
Good to hear, porkpies,.....if EOG can get an Inishkea farm out,....along with Wressle, going from strength to strength,.... Serenity spud due any day now,.....Morocco ?,......with Wressle, already a success story,......an Inishkea farm out, or Serenity success case, should be a rather rewarding experience, for us LTH.
BW
Thanks for the latest presentation link, ( https://wp-predatoroilandgas-2020.s3.eu-west-2.amazonaws.com/media/2022/09/Proactive-Presentation-Final-8-September-2022-LATEST.pdf ), Breezer32.
BW
The only presentation I could find on the website, is dated September 2021, ( https://www.predatoroilandgas.com/ ),.....which I thought was excellent,....initially I thought it was the up to date presentation, until I spotted the date.
BW
I noted them, HappyInvestor100,.....s/p@14p, don't see much downside,....with the arbitration win known & Navitas update to come.
BW
Excellent presentation ( https://www.predatoroilandgas.com/ ),.....I had mainly been holding PRD, for Corrib exposure,......now I would/will hold PRD, just for their Morocco exposure, regardless of the outcome, with their others, (Ireland / Trinidad).
BW
I see this second rescheduling, as positive,....waiting for near term news,.....when reading this part, of the news letter;-
Extract:
"this is especially
the case in respect of our long-held
business development objectives in the
Republic of the Congo, where we expect to
be awarded a new 25-year licence for the
Tilapia oilfield"
Source: https://www.zenithenergy.ca/wp-content/uploads/2022/07/Newsletter-August-2022.pdf
BW
Hi KeithOz,....the other nearby reservoirs, that they refer to, I believe are:
https://www.predatoroilandgas.com/operations/ireland/
https://www.europaoil.com/operations/ireland/
BW
Thanks for the new broker RKH s/p target (s/p@40p) link, r1234,....its a start, in the right direction,....just waiting for Navitas update now ( https://www.upstreamonline.com/exploration/navitas-takes-big-bite-out-of-sea-lion-project-offshore-falklands/2-1-1118346 ), once positive news received, on this front, the future is looking very good, for RKH, (IMO).
BW
Hi thewackmiester, interesting article, I had read another article, along similar lines,.....95% of the hydrogen produced in the United States, is made by natural gas reforming, in large central plants, according to this article ( https://www.energy.gov/eere/fuelcells/hydrogen-resources ),...."Natural gas reforming is an advanced and mature hydrogen production process that builds upon the existing natural gas infrastructure",....I have always thought, surely, Corrib Gas, could be used in this way, which is one of the reasons, we have shareholdings in both, PRD & EOG, for their Corrib exposure.
BW
I certainly have not discounted Ireland, thewackmiester,....I initially bought PRD, when they cornered the CO2 market in Trinidad (before PRD had Morocco),....but, the main reason, I have retained, a free PRD shareholding, is for Atlantic Margin - Corrib South ( https://www.predatoroilandgas.com/operations/ireland/ ),.....in this Directors Talk interview ( https://*************.net/interview-predator-oil-gas-holdings-positive-results-but-corrib-south-could-dwarf-everything ), dated August 1, 2018, from 04:40 into the interview, the guidance given is: "in the highest case, Corrib South could create three & half to four billion sterling worth of Gross Revenue, even at a very conservative gas price, of approximately 75% of today's gas price", he is referring to 2018 gas prices there,....he goes on to say, Corrib South could Dwarf everything else that PRD had,....I will continue to hold PRD, regardless of what the outcome is, with Morocco.
BW
Yes, Saturday 10th,....should have October drill result, not long to wait, looking forward to that,....regardless of result, we will carry on holding EOG, for Inishkea prospect in FEL 4/19 in the Slyne basin and near the Corrib gasfield,.....with Wressle costing about US$9 a barrel to produce ( https://youtu.be/m9zdzYygrzY from 38:33, towards end of interview, guidance about US$9 a barrel to produce), we will hold EOG, for Wressle alone.
BW