David Rose is a director and co-founder of Aupec Ltd. He worked with Professor Kemp during the 1980s on the University of Aberdeen oil and gas economics research programme. He was instrumental in developing Aupecâ€™s economic modelling and forecasting expertise through the creation of a suite of computerised economic cash flow models. He became Aupecâ€™s first executive director in 1986. From 2000 until 2008 he directed Aupecâ€™s benchmarking services which have grown to be a significant aspect of Aupecâ€™s business. Today he is developing Aupecâ€™s valuation unit, providing services to the E&P and financial community. Tom Cross is chairman of Aupec Ltd Aberdeen-based Aupec specialises in providing consultancy services for the energy sector. Clients include oil companies, government ministries and financial institutions. The company generated turnover of Â£2.7 million and net profit of Â£639,000 in 2008. Parkmead's share issue is worth Â£2.9 million at current market levels. Aupec has a strong international presence. Our experts work extensively in the emerging oil and gas economies of Africa, Russia, Europe and the Far East. We have advised governments and companies from countries and provinces as diverse as Angola, Sao Tome, Nigeria, Trinidad & Tobago, Greenland, Alaska, Norway, Australia, Azerbaijan, Liberia, Venezuela, Colombia, Uzbekistan and Kazakhstan
Hi Mary, as an Ithaca shareholder, operator of Athena, I had a chat with Les Thomas, the MD. We discussed various things including Athena, and he is positive about its profitability for the next couple of years. He is a very straight to the point type of chap.
Two large buys on the 21st is that a punt after seeing the placing? Or does someone have a hunch. We are sertanly holding well round the placing price. Looking good hear IMO - looking even better with over £50k in two trades one on its own being £41k GLA - not long till news I would say!
Has it occurred to anyone else that the timing of the anticipated lifespan of Athena well could tie in with Skerryvore coming onstream and that instead of having to wait years to get an FPSO it could just be moved?
I am expecting a RNS in the next week or two saying that PMG have aquired or are making a take over offer! IMO GLA - something is happening behind the scenes just think everything is on the hush hush untill confirmation is in place ......... Watch this space !
Growing global oil demand will create a daily shortfall equating to about 80 times the size of current North Sea output without more investment in production, Royal Dutch Shell boss Ben van Beurden has said.
The gap between supply and demand could grow to 70million barrels per day by 2040, he said, adding: “That’s the equivalent of six times Saudi Arabia’s 2013 production and 80 times the size of today’s UK North Sea production.”
Mr van Beurden was speaking at Shell’s annual general meeting in The Hague.
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