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'Killing the UK oil and gas industry'
Tonypeters and kawasaki - Email the Energy Minister, who can be found as follows. Claire.coutinho.mp@parliament.uk - It may not do much good but sometimes it can make the MPs think about UK OIL and GAS. So I'll start a campaign.
Let us call it 'Killing the UK oil and gas industry' The theme being that not all oil exploration is done by BP or Shell.
The current tax burden is 'Killing the UK oil and gas industry' particularly the minnows in the industry. If you post on other Lse oil sites, X, email and everywhere - then please help by cutting and pasting this message so that they we can also send thes ame message. Claire is a supporter of Brexit and an ex-investment banker. CHAT
'Killing the UK oil and gas industry'
Tonypeters and kawasaki - Email the Energy Minister, who can be found as follows. Claire.coutinho.mp@parliament.uk - It may not do much good but sometimes it can make the MPs think about UK OIL and GAS. So I'll start a campaign.
Let us call it 'Killing the UK oil and gas industry' The theme being that not all oil exploration is done by BP or Shell.
The current tax burden is 'Killing the UK oil and gas industry' particularly the minnows in the industry. If you post on other Lse oil sites, X, email and everywhere - then please help by cutting and pasting this message so that they we can also send thes ame message. Claire is a supporter of Brexit and an ex-investment banker. CHAT
FYI Pboo. Here you can learn all you need to get a job as a geologist by this evening 😂
https://www.youtube.com/watch?v=Y29a6YLnUO4
I taught myself
You can read seismic now Heid?
When did you learn to do that?
I read the seismics an it is clear they hit the target.
Pboo, you keep focusing on tje depth they stopped at., but further to the completion David declared it a major success. He could not and would not make such a statement if they stopped due to any problems. He wouldn't get ot past the nomad. A 'major success' is not suggestive of stopping drilling due to issues, to me it's a declaration that they either hit the target earlier or made an unexpected discovery.
Ct5
How can it be a major success when testing is still on going. When and if they release an RNS informing the market that substantial oil is flowing, then you can call it a major success
The actual drilling of the well might have been a major success but there is doubt in that, as they stopped 600ft short of the announced target depth.
Pboo already has so much egg on his face you could chuck him in the frying pan and make an omelette, the cheek to mention Turkey after telling everyone how good it was looking only for it to be a total failure.
Agreed, but the sentiment I have seen by people who are not just about slatingntje c0mpany continuously suggests a belief that this well will come in. A predicted 75% pre-drill, everything seemingly going to plan, if Imwere a betting girl I would bet on success rather than failure x
CT , its only a success when flow rates are established
Pboo, the Andrews well has already been declared a major success, the only person getting egg on their face will be you with that comment, allmthe positivity comong from the company on X is a strong enough indicator for me that all is good and that is good enough for me.
CT5
You are going to have egg all over your face if the Andrews-1 well does not come in and a big loss on your share holding.
UKOG went to a certainty in Turkey and look where that got them.
Good point Kawasaki .. I think the only hope if Labour gains power is with the Unions - they are already putting pressure on Starmer / Miliband etc. to ‘get real’ and reverse or at least temper some of their anti-oil & gas policies. Particularly in respect of job losses, Aberdeen, energy security - I’m not sure it’ll make a difference, but the Unions are up for a fight, there’s a lot of politics at play.
Kawasaki, I think i misinterpreted your post. Sorry 😬
Kawasaki, I believe the move into the US was on the back of the situation evolving in the UK. THAT is where they will get the revenue from and I do think present operations in the UK will continue, just no new ones.
Without the oil and gas industry which the government is claiming millions from in taxes. When all this is phased out in the uk where will they get all this revenue from.
No holding ever but a terrible state of affairs.
https://www.londonstockexchange.com/news-article/DELT/pensacola-update/16446276
"Farm-out Process
The feedback from Deltic's Pensacola farm-out process has indicated that the continual tinkering with the Energy Profits Levy and resultant fiscal uncertainty created by the current government, along with recent rhetoric emanating from the Labour Party, have had a severely negative effect on the ability of UK Exploration and Production (E&P) companies to commit to long term investments in the North Sea. This has resulted in many operators diverting capital away from the UKCS or delaying investment decisions, especially with respect to new large-scale opportunities like Pensacola.
Against this hostile political environment, and despite the Company's best efforts, Deltic have not yet been able to secure a farm-out partner for Pensacola and although there are a number of live discussions with respect to a way forward on Pensacola, there is a risk that a farm-out may not be secured before the end of May 2024. We remain of the view that Pensacola represents an excellent value-driven opportunity for the right partner and would be willing to engage with any additional potential partners. "
Read on on link above