Member Info for BertieBassett

RRE all the wayyyyyyyyyy ................. although JKX is an interestingly great prospect ...
:)
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exactly ... and anyone has an issue believing "project fear", please feel free to call: 0800 279 3667 - Barclays - Choose Option 2 and speak to the Customer Services agent who picks up the phone ..

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Okay - that's exactly what I had.

I tried to put in a buy and customer services says that "the stock is to be suspended" this Friday!

I was slightly aghast ...

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Hi, is there anyone here able to buy GCM on Barclays?
thank you,
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It IS a steal at 55pps ... MedCo are playing a tough game ... as it retains the right to CUT that figure if there is a dividend!
I am a holder but an annoyed/happy one!
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a delay ... shame ... but ... hmmm....
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Through its operating subsidiary TurboShale Inc. ("TurboShale"), in which the Company has an 80% interest, the Company has begun work to commence the 2019 field test programme at the Company's Holliday Block in Utah (the "Field Test") as it seeks to achieve first oil through the application of TurboShale's RF technology.
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https://xxvestegate.co.uk/kore-potash-plc--kp2-/rns/kola-definitive-feasibility-study/201901290700053323O/
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no, i can't imagine that ... but even 50 pps would be "Xmas come early"!
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Quick q.
Last year's "dividend" from February 15th --- how much was it worth per share to us shareholders?
thank you,
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what exactly are we waiting for?
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Hi, does anyone have a list of the partners on the EDP?
thanks
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After the shenanigans with Faroe... Anything is possible...
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#RRE rumours surfacing that the Bleo Holm will be extended for another 5 years to 2029! This will add 500p unrisked to RENAV https://t.co/JXBTJW1B7w from City Trader...

Also - the last two paras are very good for RRE:
"Oil industry experts at Wood Mackenzie said the industry will deliver more tax revenues in the future than it will pay to cover decommissioning activities – anywhere between £30bn and £50bn. That excludes discoveries yet to be found, and additional projects that will prolong the life of some facilities.

Oil and Gas UK said Britain’s early efforts to dismantle its oil rigs could unlock future revenues for the Chancellor as companies export their skills and technology to younger basins."
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well, highlights are taxpayers will need to pay ... and costs of decomm down 7% ...
also:
"To guard against the risk of an even bigger bill for taxpayers, the Department of Business, Energy and Industrial Strategy has called on nine unnamed oil companies to set aside a kitty of £844m to pay for future decommissioning.

The looming decommissioning costs are due to hit the Treasury as North Sea tax revenues shrink in line with dwindling reserves and low oil prices. In the past tax year revenues from the North Sea totalled £1.2bn - a fraction of the £30bn annual tax take at its peak in 1985."

is RRE one such company?

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The total cost to the public purse is expected to include tax breaks of more than £11bn for oil companies on their future oil revenues, and Treasury payments of just under £13bn to help shut down their old oil fields.

The NAO warned that taxpayers will be “ultimately liable” for the costs if struggling oil companies lacked the funds to undertake the work themselves.

To guard against the risk of an even bigger bill for taxpayers, the Department of Business, Energy and Industrial Strategy has called on nine unnamed oil companies to set aside a kitty of £844m to pay for future decommissioning.

The looming decommissioning costs are due to hit the Treasury as North Sea tax revenues shrink in line with dwindling reserves and low oil prices. In the past tax year revenues from the North Sea totalled £1.2bn - a fraction of the £30bn annual tax take at its peak in 1985.

Oil industry experts at Wood Mackenzie said the industry will deliver more tax revenues in the future than it will pay to cover decommissioning activities – anywhere between £30bn and £50bn. That excludes discoveries yet to be found, and additional projects that will prolong the life of some facilities.

Oil and Gas UK said Britain’s early efforts to dismantle its oil rigs could unlock future revenues for the Chancellor as companies export their skills and technology to younger basins.

Mike Tholen, of Oil & Gas UK, said the industry was committed to cutting the cost of plugging old oil fields by 35pc because the burden was “in the first place paid for by industry”.

North Sea oil companies are already spending about £1bn a year to tear down their disused oil infrastructure, in part through tax breaks and "repayments" from the Treasury in return for paying higher tax in the past.

These costs have already fallen by 7pc since 2017, Mr Tholen said.

During the basin’s heyday in the 1970s and 1980s, oil companies paid tax totaling £334bn, in exchange for late-life tax breaks to cover the cost of decommissioning their rigs.

A government spokesman said this arrangement helped to attract investment into the North Sea, which supports about 280,000 jobs: “We are working with industry to increase the efficiency of decommissioning and minimise costs.”

Taxpayers face £24bn bill to dismantle North Sea oil and gas rigs:

The end of the North Sea oil bonanza will trigger a £24bn bill for British taxpayers, which could spiral even higher due to gaps in the Treasury’s forecasts.

The National Audit Office warned on Friday that taxpayers were on the hook to help cover the cost of dismantling and clearing more than 300 oil and gas installations, despite “significant uncertainty” over how much it could cost.

Oil companies may need to spend between £45bn to £77bn over the next 20 years, some of which will be covered by taxpayers through a complex series of tax arrangements put in place by the Treasury.

“The actual cost to government of decommissioning is highly uncertain as it will depend on how much decommissioning ultimately costs operators, as well as future economic conditions, such as oil prices and exchange rates, which determine [oil company] profits,” said the NAO report.

the photos of the diamonds are quite entrancing!!!
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