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The newish COO has proven knowledge in drilling in the SNS and has planned and executed dozen of wells in the area previously. While Petrofac are the drilling contractor you can bet your bottom dollar he will be changing plans and controlling it from the back.
I think you will see a more controlled way of exploration from this point onwards.
Anyone know how close to the island this is?
Shell to develop Crux project in Western Australia
May 30, 2022
Shell Australia Pty Ltd (Shell Australia) and its joint venture partner, SGH Energy, have taken a final investment decision to approve the development of the Crux natural gas field, off the coast of Western Australia. Crux will provide further supplies of natural gas to the existing Prelude floating liquefied natural gas (FLNG) facility
“This project forms an important part of Shell’s integrated gas portfolio,” said Wael Sawan, Integrated Gas, Renewables and Energy Solutions Director at Shell. “Natural gas from Crux will play a key role in helping Asian customers move from coal to gas as a cleaner-burning fuel. The project will help us to meet the increasing demand for LNG as the energy market transitions to a lower carbon future.
“The project will also boost our customers’ security of supply, which is becoming an ever more significant consideration for global consumers.”
“Developing the Crux project reinforces our commitment to Australia, including boosting the regional economy, creating jobs and providing training opportunities,” said Shell Australia Chair Tony Nunan. “The use of Prelude’s existing infrastructure enables significantly reduced development costs, making Crux competitive and commercially attractive.”
The Crux field is in Commonwealth marine waters in the northern Browse Basin, 620 kilometres north-east of Broome. The development will consist of a platform operated remotely from Prelude,. Five wells will be drilled initially, and an export pipeline will connect the platform to Prelude, which is around 160 kilometres to the south-west of Crux.
Construction will start in 2022 and first gas is expected in 2027.
That's some chunky buys.......
Lets hope someone is hoovering them up!
It will keep the keyboard warriors quiet for a while?
I have bought share today at three different stages due to freeing monies up selling other interests, all my buys have appeared as sells.
Great to know the algorithm works well ??
Anyone seen this from Noble Drilling??
“ Santos has awarded the jackup Noble Tom Prosser an estimated 270-day contract offshore Timor-Leste/Australia. The contract is expected to begin in May 2021 and end in January 2022. The rig has been warm-stacked in Australia since early November 2020.”
Is it close??
That's a rapid rise for no reason????'
Everyone blames Sanderson as he is head of the company, surely the CFO is who he takes advice from regarding the finances. why not direct your anger at him more??
Buys going through as sells, something they don't want us to know...…
Looks like something is happening, a good few buys heading through.
Lets hope there is some news or indeed a buyer in the background scooping up shares in bulk.
Some big buys going on, but it very quiet on here about them???
Just heard from a contact onsite at Caythorpe that they expect the rig to leave site on or around 12/82019.