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"Evaluate opportunity to complete an existing well for gas production in another basin in Morocco."
Another basin? Is this one of the secret projects? This reads like we are looking to purchase an existing discovery elsewhere, presumably not in plans of current owner, and take steps to move it into production and sell the gas.
The tombola has stopped spinning and it's... precious and base metals in Kazakhstan:
https://www.londonstockexchange.com/news-article/EST/proposed-acquisition-of-gold-projects-suspension/15063809
two projects:
- 1 x gold
- 1 x copper, zinc, gold sulphide belt
https://www.dvkaz.com
Jagshemash
This is a SPAC and I assume a deal is incoming.
Cluelesstim,
They may be estimated numbers for T&T but it is in production now and they are the best we have to go on.
MOU-1 scoping study was hypothetical and conditional, so not really comparable.
In either case, an RNS on T&T progress would be nice.
£2m-3m from Innis-Trinity
Then you add in whatever is agreed for LOL’s Palo Seco field
Then you add in the next contract
And so on
It’s quite feasible PRD T&T will have annual recurring revenue of £10m+ in the next 12-18m
How much would you pay for that business?
I think de-risk is the key word here, and that any success was always going to require more drilling.
From RNS on 6th May:
"As previously guided, results from MOU-1 may potentially de-risk up to 1,823 BCF of prospective High Estimate gross recoverable gas resources in the Tertiary and in the MOU-4 Prospect to provide the basis for a further drilling programme, including appraisal and exploration wells, when the Star Valley rig becomes available again later in 2021."
From today's RNS:
"MOU-1 ... most importantly de-risked the pathway required for dry gas from a thermogenic origin to charge the primary targets in a prospective area of over 100 km². MOU-1 therefore further enhanced the CPR prospective gas resources assigned to the proposed MOU-2 and MOU-4 drilling targets whilst adding some additional potential shallow targets that had previously not been considered."
I'm no expert, but looking back over the recent RNS announcements things seems to be going to plan.
if you ring IG dealing desk they'll probably improve the price, closer to real offer
My 1,2,3 excl PRD are PXC (copper+), LND (gold+), ZPHR (oil). All north american, not intentional.
I'm also currently enjoying the story at BOD (diamonds) who have imminent drill results and potential clues being dropped on twitter.