It wouldn't be a surprise if the recent Irish political upheaval delayed any decision. |
Think the market is more focused on MOU5, the big Jurassic. Testing will happen somewhere in Q2 also. Not heard from the Irish Government I suppose ... no surprise there but follow on license may give rise to a farm out to operator of Corrib North. |
jung -- whether we are or not, we have just crept on to the highest %age winners board ( no 9 ) up 14%
GL |
Are we testing yet? |
Yes, mariopeter, I see PG as a frontiersman. |
Yes indeed Buffinman. CRH the Irish cement company moved from FTSE 100 to New York and have more than doubled in price in less than two years. You can see what has happened bitcoin too. Agreed enough on their plates at PRD. Selling assets to the oil and gas industry would be ideal as really don't think PG is up for development in Morocco but he may have to get CNG rolling.
Will be watching for any others doing the same as CRH though. |
Interesting point about the US listing, mariopeter: I keep reading of UK companies who've arranged for an additional listing in the US and their mkt cap has risen.
That said, I feel the BoD have more than enough on their plate already. |
Yep ZPHR is really very tiny BUT does have a low tier US listing hence the market cap.
Target max 0.66 bcf of helium. Is 10 TCF of gas not a bit better? |
2 Solaris: There's far less identified prospect in Zephyr, which has a market cap of £75m against our £47m. PI's do like trickles of news. |
Well nearly time for the big appraisal drill. Targeting 600 bcf but we all know its more like 2 to 3 TCF. Possible oil or liquid gas too. Drilling in carbonate so easier to drill and test.
We also now know the Jurassic will be sold if a success.
Ithaca today are planning to pay £560m for 100 mmbo and 40k bopd from ENI UK in the high tax North Sea. A nice deal but tiny in comparison to what is shaping up in Morocco.
They might farm out Ireland shortly and they might also unlock the current 7 TCF in Morocco too. Trinidad to benefit from Sandjet .
All for a measly £45m market cap. This is very seriously undervalued and see little reason why sellers will appear on the next phase up.
One day you will wake up and the share price will be many multiples of the previous day's share price. I too don't expect the London market can get the pricing correct (the price is "no clue" seller driven) so will wait for the corporate events.
"MOU-5 is expected to be drilled between 1 April to 31 May 2024" |
Don't languish in the Doldrums, ZPHR are drilling for helium, possibly as early as June this year. |
The force is strong here.
Nobody likes a chart, so here are two.
The Bollies have narrowed as the share price drifts:
free stock charts from uk.advfn.com
A change is coming.
The bounce following the testing rigmarole decline is on the cusp of turning into a death cross:
free stock charts from uk.advfn.com
Your company needs you!
There might be a bump in the road.
Be careful. |
Thanks Divmad,The very thought of a mini having 7 TCF is incredible though. Agreed must flow. |
It may have been updated on Jan 25th, but it was only published last week. Perhaps folk should read it compared to the previous document. The language is much stronger, and there is clear indication that the pending Successor Authorisations will be issued forthwith. The FSRU proposals are still for a State-run emergency supply only, but I fail to see how that can possibly stack up against the Mag Mell proposal of a fulltime, commercial, diversification of supply. A public/private partnership is mentioned, I think for any private organisation to become involved will require a significant move of the current goalposts. |
So a day after that was published 25th Jan the RNS dated 26th did:
"The Company has received since its last operations update a communication from the GeoScience Regulation Office ("GSRO") at the Department of the Environment, Climate and Communications informing the Company that consideration of its application for a successor authorisation to Licensing Option 16/26 Corrib South is hoped to be concluded during Q1 2024 and that the GSRO would be writing to the Company shortly in relation to this matter".
Sounds promising, hopefully an interesting week ;-)
GLA
FS |
hxxps://www.gov.ie/en/publication/5c499-energy-security-in-ireland-to-2030/
Last updated Jan 25th 2024. |
Thanks for the correction Keith, it's much appreciated |
The 'Securing Ireland's Gas Supplies' document is Annex 2 of the overarching 'Energy Security in Ireland to 2030' paper issued last November. |
Has my laptop froze, I can’t see OD3 response. |
Oh dear oh dear. |
OD3. Incorrect. The Irish ENERGY security review was published last year, this is GAS security. This latest publication refers to the previous one several times. |
I don't post on lse, so can someone tell them that the Irish report that they have been wetting themselves over for a day was published.....in November 2023! |
Got to be flow tested first. There's the rub. |
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