Member Info for Zahrab4b

Happy,

You are attempting to mislead. 0.5p would give a market cap of £5 million. The NPV of the Anchois 1C alone is £700 million.

RNS confirmed on Monday that the main hole was plugged and abandoned. At best, this occurred on Monday just before the RNS. It is now Friday, and the ship is still positioned over Anchois.

Clearly, something is going on.

We still have not heard from ENOG.

A3 was all about 'upscaling'

The FEED was based on producing from discoveries A1 and A2. A3 was not part of the FEED!

Market might get a surprise when ENOG press the button on FID

See the diagram below.

https://www.oedigital.com/news/503457-chariot-makes-progress-with-anchois-gas-project-offshore-morocco-as-feed-complete

Anchois3 was about "upscaling from day one," but I do not believe FID was contingent on success.

The fact that the market has written off all value associated with Anchois 1/2 is wrong.

Happy

Why did they state the following then?

"At the end of the day the commerciality or not of a development depends on the gas price that is available for the development, so there is gas there as we are saying on the RNS not as much as we hoped or as we expected but the commerciality or not will depend very much on the type of development and the negotiations we will have to have with the Moroccan government about gas prices so I think it's early days I will not comment any further i think its only appropriate to wait for operation to finish then of course we will update the market as we should today we gave everybody a head ups based on what we have seen so far, but it's early days and we have to finish the work first "

https://drive.google.com/file/d/1M6WvdNz75s72l3NdVwu4kGNgNVHyP-M0/view?usp=drivesdk

If and when ENOG issues an RNS stating:

- disappointing drilling results

- still view high potential in Anchois

- plan to negotiate gas prices with the Moroccan government prior to FID

The probability of the above is high considering it was already stated

Agree, Fernan.

With AP, AA, and Bod Holding 25%, I believe they are aligned with holders and will take the correct actions

Would detailed update soon.

Dragon

Do you realise we can view your posting history ?

Fishing for stock. Madness and complete stupidity to sell at this level

Gardai

It absolutely will never go to zero. AP will protect his investment.

It's not being shorted. Everyone commenting here negatively is trying to get in cheap.

One could say the same for ENOG!

Perhaps discussions are taking place on the next immediate steps.

Thanks for the advice. If the traders are bailing, why is the bid so strong ?

For those interested, the MM is bidding for huge volume way above ask

Surfit

RNS stating the vessel is being demobilized was distributed at 07:00 hours on the 16th of September, three days ago.

The said RNS stated that the main hole had already been plugged and abandoned.

Let's not forget, ENOG sold assets to focus on Morocco.

With the Israel situation escalating daily, I think it's extremely unlikely they call it quits on their Morocco ambitions after one poor appraisal.

Thoughts?

Multiple targets will have been mapped out prior to spud.

With B sands looking good, is there not a possibility to appraise towards A1?

@Jimmy

Any thoughts?

The contract included flexibility for 1 extra well. Under what circumstance would this be executed ?

https://www.stena-drilling.com/stena-drilling-secures-1-well-firm-programme-with-energean-for-stena-forth-in-morocco/

P&A was completed prior to last RNS

'The Main Hole has now been plugged and abandoned, without flow testing, and the drillship is being demobilised.'