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https://expronews.com/ccs/southern-north-sea-to-become-the-main-ukcs-carbon-store/
Nice map showing Endurance and new licence round areas
anto
nope.
However, I know there is a lot going on behind the scenes in the CCS world
- I won't elaborate as I do not know what is in public domain
(I have heard nothing about HALO though)
W$
If there is value in Schooner, then I don't see how the directors can keep it without sharing with all shareholders. Dealing with someone who has blatantly fcked over shareholders would not sit comfortably with Bernard " Mr social media" Looney nor Equinor. It wouldn't take much of a campaign to embarrass all the Northern Endurance participants ........ e.g. with accusations of collusion with AC in fcking us over etc.......so find it difficult to think this is AC's plan
W-wait-and-see-$
and you are not answering the question asked - what makes you think that PIs will have a hope in hell of sharing in any CCS deal with Cochran at the helm - have you been in contact with him and he ensured you that he will see us alright, that this has been the plan all along?
Something tells me I don't think so.
You, I, Cochran owned the Gas producing assets and look what he did to us !!!
Anto you have not answered my question - what makes you think that the PIs will benefit from any Carbon Storage deal ? that if it happens is held by the directors of the Company in a subsidiary - you have already stated that Cochran fckd us over , in your words, 'We all agree that Cochran has fckd us over' regards our Gas assets including producing assets.
If a CCS deal does happen what makes you think he will act any differently towards the PIs - especially now he has pixxed off to the US of A?
Anto - can you explain to me why you think that the PIs have even a remote chance of seeing their investment back ? In your mind how do you see a successful conclusion for the PIs playing out ?
What are the steps that you can imagine happening where Cochran is involved, acting in the best interests of the PIs and where we have any rights to any aspect of a CCS deal taking place, if in fact one still exists ?
anto
don't disagree, likely to be a major hub. Just announced licensing round has acreage to the North, looks like Cygnus area and the production acreage Neptune gave back.
https://www.upstreamonline.com/energy-transition/uk-launches-first-ever-carbon-storage-licensing-round/2-1-1237194
W-I-still-think-AC-is-uninvestable-regardless-of-what-happens-$
OLD FOOTBALL ADAGE we we’re robbed…….quite literally Cochran is either the dumbest person on planet to offload Tullow assets and go into admin or an out an out thief by now we’d be sitting pretty
anto
stop it. If AC were doing his job properly we would not be in administration but coining it in
W$
anto
the decommissioning program proves nothing. Repsol currently decommissioning Buchan and JoG planning new wells.
The document your shared highlights the inherent risk to CO2 CCS in saline aquifers - i.e. how much can they take, given they are normally pressured and there is absolutely no production history in area that can be used to estimate the aquifer storativity.
The Schooner gas potential is actually very good insurance - water dumping into or gas production (or both). This all adds value to Schooner.........
W-wtfdik-$
That's for sure Ghost
anto
sure. But in light of the document, particularly the piece about DNO's wells, the gas potential is negligible and a distraction to this strategic project. Sure they'll maybe drill the carboniferous (deeper than Bunter Triassic) to see what's there and be a potential brine dumper if depleted. If what you are implying is correct then AC would be wanting market value compensation for the lost gas.
Just have to wait and see.
W$
anto
excellent find. The three things that stick out are
1/ No mention of HALO holding production licence
2/Brine disposal into depleted gas fields mentioned
3/ Timing of report - six months before administration
Any redevelopment of Schooner throws a big banner in the works....so your theory that the Schooner production licence has been effectively sold to NE is plausible.
So how much is this worth to the NE £5,10,25/50/75/100 M
WS
sunstroke ?
anto
I think the jubilee celebrations are getting to you (and why not !!)
God Save the Queen !
anto
"and Hague London Oil is now gone from the map"
as I said, can't get excited
W$
Cheers.
Not the sort of people image conscious Mr Looney would do business with imho
- especially if he knew all the details
Can anyone find me Jonathan Henry's new contact details
AC has cost us a lot more than what Schooner might bring in, so hard to get excited....
anto
Schooner and Boulton stranded gas are the key - lots of permutations on how this enables the CCUS projects.....including hydrogen generation/storage (windfarms nearby etc....)
Just have to wait and see
also bear in mind, BP & Equinor can just wait for the schooner production licence to expire then take it FOC
but, again I hope you are right
anto
I hope you are right, but AC has lost us more money than this (schooner production licence) is worth.
Just to be clear, we have not been awarded any CCS licence, BP and Equinor have
https://www.energyvoice.com/renewables-energy-transition/ccs/uk-ccs/410933/nsta-award-bp-and-equinor-carbon-storage-licenses/
W#-\
https://i.postimg.cc/5NZqkKZD/bunteraquifer.jpg
The fields in the area left around 40 MMSCFD stranded gas. Schooner recovery is low, so upside there. Restart production with new infrastructure, appraise the Bunter whilst redeveloping. Makes sense, but would BP & Equinor want to work with AC given the way he has treated us ?