Whether or not your story about a knock on the door is true is debatable given the inaccuracy of your various predictions, but let's give you the benefit of the doubt and assume it was true. 12 months have passed, and oil is not in a place today that anyone expected a year ago. So, how confident are you that the investors from a year ago are still ready to sign on the dotted line?
Also, perhaps you could give us some of your wisdom on the sort of things that OGA are playing hardball on? What's their agenda?
And a deal that fell through with a 'super major' back in the late summer of 2013? Yes, there were fairly scathing comments at the time from people who appeared to have some knowledge of what was going on.
Why, were you one of the people at the Douglas Hotel at the time of their presentation to various 'super majors'?
So far sadly LEGENDS every deal XEL's talked about for years appears to fall through, p and wind, pie in the sky, from partners, funding, to phantom FDP. In the meantime their snouts remain in the trough at the expense of shareholders.
Laggan Tormore is part of $50 billion of U.K. offshore projects that were commissioned in recent years when oil prices were $80 a barrel or more. Now those developments are coming onstream, helping companies working off the U.K.'s coast to pump an estimated 8% more oil and gas in 2015, around 1.6 million barrels of oil equivalent a day.
A project led by Total committed to invest $5 billion in Laggan Tormore in 2010, when oil prices were $80 a barrel and rising. Few projects of its size, scope and technical difficulty would be launched now, with oil prices hovering around $30 a barrel, analysts said.
Project Summary The Mariner East field is located in block 9/11b. An Environmental Statement for the combined Mariner and Mariner East developments was submitted to DECC in July 2012 and was cleared by DECC in February 2013. At that time the Mariner East development proposal was a four well sub-sea template tied back to the Mariner PDQ platform. This concept is currently being reconsidered as part of an area-wide plan. First Production: Q2 2019.
Bressay- Project Summary Based on a recommendation from the Bressay licence group (Statoil 81.625%, Shell 18.375%), in late 2013 Statoil decided to delay the field development final investment decision, and to re-evaluate the development concept for the Bressay field. It is anticipated the new concept will be decided in early 2016. First Production: Not Specified
So, who and what will be involved in this cloak and dagger Quad 9 collaboration thingy?
We are all doomed - honest? Dump yer shares cause nobody wants 300 million barrels for their future reserves portfolio? The management don't know s?)t? Statoil are so disinterested that they are going to drill 100 wells into mariner with their super class rig pretty soon! Xcite and BENTLEY are going to production Knowledgeable investors invest It's quite simples really :-)(-;
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