Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Thats fine. I didn't check. Dated today and a good write up. Interest from LNG investors/super majors is awesome. Lets bring it home.
Tradedesk-This was posted by VT at 13.05 TODAY
New article out on Chuditch!
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
"Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November."
Looking forward to what next week may bring and the period ahead. We're set up really well with circa £7m in cash, should get a rig announcement reasonably quickly now and a string of partner announcements. Life changing opportunity for those that have the means to load up.
back to bed , virus kicking my **** for 3 days now 😷🤧🤢
Significantly, the exciting opportunity is thought to have attracted interest from LNG investors. Baron Oil is seeking investors to back the relatively low-risk appraisal drilling campaign at the Chuditch gas field offshore East Timor. Possible suitors include Eni, Inpex, Santos, Petronas, and even Chinese national oil companies (NOCs), for the potential LNG project, as ENB reported last November.
https://www.energynewsbulletin.net/exploration/news/4201600/location-chuditch-gas-probe-timor-leste-lng-potential-eyed
BLOG
THE WINDFALL TAX WAS SUPPOSED TO REIN IN FOSSIL FUEL PROFITS. INSTEAD IT HAS SAVED CORPORATIONS BILLIONS
Loophole in energy profits levy will hand oil and gas companies up to £18bn over next three years
BY ALEX CHAPMAN
28 NOVEMBER 2023
Last week the Office for Budget Responsibility (OBR) released new data which highlights how little this government’s ‘windfall tax’ has actually done to rein in the profits of fossil fuel companies.
Back in May 2022, the UK government announced the energy profits levy, as a response to the growing pressure for a ‘windfall tax’ on the massive profits being generated by companies pumping oil and gas in the North Sea. These profits were fuelled by skyrocketing fossil fuel prices in the wake of the Russian invasion of Ukraine. The levy raised the effective rate of corporation tax paid on oil and gas profits from 40% to 65%, and again to 75% in November 2022.
But, it came with a caveat. Despite the UK’s urgent need to kick its addiction to expensive fossil fuels, this government didn’t want to discourage investment in more oil and gas extraction. So they included a tax loophole to ensure that companies investing in new projects to pump fossil fuels out from under the North Sea would see their tax relief (already generous by most standards) rise to 91%. In other words, fossil fuel companies could deduct 91% of their capital investment costs from their corporation tax bill. The ‘windfall tax’ may have, on the surface, attempted to tackle the grotesque profits being raked in by massive companies in the midst of the cost of living crisis – but it also made it cheaper for these companies to extract the fossil fuels contributing to the sky-high cost of living in the first place.
Doesn’t concern us at all
What's special about that?
Sundagas Energy like the sound of that.
Sundagas EMEA and Sudagas APAC
Then smash chuditch out the park, take the rev's and get some licenses in both regions.
Sundagas Energy would be perfect.
I have thought for a time there should be a name change and Sundagas imo would be perfect considering all the work that has been done since 2016 in the area by the Company.
Nice delayed 47m buy well over ASK earlier at 0.069
Jc_123
Fwiw I totally agree. Baron oil name should now be retired to history. A rebrand is necessary even if we take the Sundagas name. As long as that has no baggage
What a fantastic post [again -again and again] all the research you have copied from other posters must have taken you minutes . How the sp hasn't moved on your posts is unbelievable!
A funky fomo friday awaits
News has picked up pace since Butler took charge. Rig Contract & Farmout are up next
- Technical Site Survey ✅
- Board Appointments ✅
- Rig Contract
- Farm-Out
- Environmentals
- Rig Mobilisation
- Well Spud
- Flow test result
😴💤
22 mill, couple of big chunks I hope is more of those and then I can get in on the deep 0058 Will do Me
And yet they never upload them to some image sharing platform and share them for everyone to see, just mere waffling words. 🤡
Been waiting for the chart ramps haven't seen any for a while since the master chartist ZaK was mention on numerous occasions. Regarding charts I was always told THERE ARE PLENTY OF CHARTS AT THE BOTTOM OF THE SEA!
Just been casting another eye in the Baron Oil order book,yet more signs of the cheaper supply of shares running low and real bid prices holding firm and advancing a tad.In charting terms this is incredibly close to either an "evening star" or "morning star" which is the holy grail for bullish buyers on smallcaps.
A very exciting period is looming here IMO
We now have a super heavyweight bod with phd’s and MBA’s coming out of their ears, and are sitting on a world class gas asset. However, we still are seen as a pump and dump stock by all the bottom feeders of the AIM cess pool. We don’t even have any oil assets, yet are called Baron Oil - a truly terrible name that conjures up images of JR Ewing. If now isn’t the time to ditch the name Baron Oil and rename to Sundagas, I don’t know when is. It’ll send a strongest signal possible of a break from past failures and hopefully lose some of the clowns on the way…