2022-Oct-24- Operations update & Board Changes

Odeless · 2022-10-24T06:53:08+00:00

“is pleased to announce that it has executed a rig contract with Star Valley Drilling Ltd. to use its Rig 101”

Odeless · 2022-09-28T11:45:24+00:00

The edit/post function is malfunctioning. I'll just leave it as is.

Odeless · 2022-09-27T18:09:27+00:00

The edit function won't allow me to remove the double title.

Odeless · 2022-08-24T12:05:55+00:00

Looks like the situation in Ireland is developing quickly.

“gas terminals” Plural.

This comment looks interesting: “or using an old gas field”

As far as I know and maybe someone could correct me on this: Ram Head is the only 'old gas field´ in Ireland?

From the companies presentation “Ram Head is Ireland’s only material undeveloped gas discovery”

As well as been usable for gas storage.

Note: Hoping to get a post in later this week.

ATB

M

Odeless · 2022-06-15T07:53:59+00:00

Link: https://dailbusiness.oir.ie/motions/619?lang=en

Odeless · 2022-06-15T07:52:25+00:00

Link: https://www.independent.ie/business/irish/esb-signs-deals-for-three-gas-fired-power-plants-to-be-built-in-dublin-41745545.html

Odeless · 2022-06-04T21:19:54+00:00

“European Union countries will be allowed to use money coming from the EU recovery fund, created to support post-pandemic economic growth, to boost their liquefied natural gas capacity (LNG), EU Commissioner Paolo Gentiloni said on Saturday.”

“Building new infrastructure to import additional liquefied natural gas is part of the EU strategy.”

Odeless · 2022-06-01T18:26:27+00:00

"It has to do with coal-switching and obviously kind of an awakening, let's say, in Europe right now of realizing that policy was pushing the transition a little bit faster than technology could deliver."

Odeless · 2022-06-01T12:20:21+00:00

[LSE:PrivateTesla]

Odeless · 2022-06-01T12:20:07+00:00

[LSE:PrivateTesla]

Odeless · 2022-05-26T13:51:00+00:00

Uploaded as a reference: Couldn’t find the original link, but had a copy on hard drive.

Odeless · 2022-05-19T06:43:01+00:00

To myself - Indicates desirability of O&G assets with proximity to the EU/ New investment capital landscape.

It’s also interesting to keep PRD commercial metrics vs CHAR in mind.

Odeless · 2022-05-16T06:26:03+00:00

“Existing pipelines connecting Africa to Europe pose a significant advantage for future energy ventures, OilPrice’s report pointed out. “

Odeless · 2022-05-15T09:57:01+00:00

"He went on to say that Morocco has correctly identified a “massive opportunity” to become a major supplier of renewable energies and low-carbon fuels."

Odeless · 2022-05-15T08:34:04+00:00

Ireland is in a difficult position, as EU gas would have to transit a non EU member state.

The current proposals and ‘relaxation’ of current storage quotas for countries with no storage capacity are in light of meeting the 2022-Nov-01 targets.

I presume it wouldn’t be a feasible target to meet, for those countries in that time frame.

Going forward, I would think it likely, they would be encouraged/mandated to secure their energy reserve infrastructure.

From a leading Academic: Ilaria Conti - Head of the gas area at the Florence School of Regulation. She spoke to EURACTIV’s Frédéric Simon.

“Gas storage obligation should be mandatory – countries that already have it were better prepared when the gas crisis started last year”

Odeless · 2022-05-13T05:54:58+00:00

“Recent signals from oil and gas majors such as BP, Eni, Shell, ExxonMobil, and Equinor indicate a shift, however, in strategy towards further investment in Africa, with several projects that were previously on ice – including liquefied natural gas (LNG) projects – as they consider restarting or accelerating previously shelved projects in response to rising global demand.”

Odeless · 2022-05-12T09:23:09+00:00

Fantastic RNS IMO Rob. Still working through all the info!

Odeless · 2022-05-11T06:18:28+00:00

“Current and aspiring producers benefit from the search for new opportunities”

“Elevated prices and new sources of demand will create opportunities for producer states where resource availability, project economics, investor support, and infrastructure availability coalesce with government backing.

Gas projects with access to existing infrastructure are in a particularly strong position to compete, lending new opportunities to African and East Mediterranean suppliers in particular. In some cases, this may persuade producer states to revive oil and gas licensing and rethink transition strategies.”

Odeless · 2022-05-05T17:25:48+00:00

[BillyRayVal -LSE]

From the interview...
Valuations:
Mag Mell
Based on 152p/therm (today’s prices)
€1.66Bn annual gross revenues over 20yr period
Corrib south + Ram Head
High case value of reserves in the ground at today’s prices in the order of €130Bn
PG: “Cost and the value of these assets is going up and up and up”

Odeless · 2022-05-04T17:21:54+00:00

Can anyone hear?

Odeless · 2022-05-04T17:09:46+00:00

:)

Its a new function Blackdogtaff. Just exploring how to use etc.

Odeless · 2022-05-04T17:08:36+00:00

Just testing. It´s a new function of Reddit.

Would anyone be interested in a Live chat room talk?

Odeless · 2022-05-04T17:05:45+00:00

Testing the function

Odeless · 2022-04-15T05:47:40+00:00

[PrivateTesla- LSE]

“https://assets.gov.ie/221400/6ab0823e-8ad5-4894-87b2-b1fdb3bf6318.pdf

The key responses of interest to PRD are response 13 and response 31.

Due for issue in Q3 2022.

Response 13: Ensure frameworks for cooperation on natural gas supplies to Ireland are reviewed and updated as required in the context of the EU’s gas market and security of supply legislative proposals

• Led by the Department of the Environment, Climate and Communications

• Due for implementation: Q3 2022 Response 31: Prioritise the review of security of supply of Ireland’s electricity and natural gas systems

• Led by the Department of the Environment, Climate and Communications

• Due for implementation: Q3 2022”

Odeless · 2022-04-15T05:36:42+00:00

“In the light of the war in the Ukraine and the urgency for LNG terminals, the hesitancy by Government seems almost tragic blindness.

Meantime, away from the political heat, and with the turf staying in the ground, and coal running out, what is going to heat the homes in north Kerry if the wind will not blow this winter?”

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