The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
CaptainSwag
They are limited to 20K because of flaring restrictions.
According to Wikipedia, 30% of Hydrogen comes from Oil and only 4% from electrolysis.
"There are four main sources for the commercial production of hydrogen: natural gas, oil, coal, and electrolysis; which account for 48%, 30%, 18% and 4% of the world's hydrogen production respectively.[5] Fossil fuels are the dominant source of industrial hydrogen."
rshah
Did you notice that the price shown on your 14:21 post is 6.53
Yet high for day is 6.08 .... weird !
MANJUKWAL
You wrote :- "Because Cairn are interested in RKH."
Where did that come from ?
pauldrayton
As nicktheglobe says " But people are dreaming if they think the hydrogen is going to be generated from electrolysis of water:"
This is because, as Newton and a french guy once said, "energy can neither be created or destroyed".
Thus you would get less energy back by combining the hydrogen with oxygen to create water than was used to split the water into H2 and O in the first place.
On the other hand, with Covid-19 causing an oxygen shortage, the oxygen would be a useful byproduct. .. Hmm!
Manager511
Why don't you give it a rest, It's not even noon yet but you've already posted 9 comments ... all garbage.
When Daltry mentioned village idiots, you were quick to reply to reply ... if the cap fits, wear it !
You called Adoubleuk a liar but didn't apologise when you were proven wrong ... he sometimes exaggerates but doesn't lie.
You ended a previous post with "thats all i can say for now. ".
Thank God (I thought) ... but no, you just go on and on and on.
So, (as Lord Sugar would say) you are FI( lte )RED.
Shame it doesn't show name of person being filtered.
I think that HUR Oil is sold to BP at spot (minus a small commission) not 3 months in advance.
An interesting comment in one of the links that hasiba provided :-
"Yet, wells with water cuts in excess of 90% may still produce sufficient hydrocarbons to be economical (e.g., certain wells in the North Sea Shell Expro Brent fields and in the BP-Amoco Forties fields). "
I've have held shares in FOG for many years and so have nothing against fracking … but it does bother me a little to see what it does to the landscape.
https://www.economist.com/finance-and-economics/2020/06/11/investment-in-oil-supply-has-collapsed-it-may-not-roar-back
sandman68
The build of 8.42 million barrels in crude is not good news ,,, but on the plus side there is a draw on gasoline of 2.9 million barrels.
https://www.tradingfloor.com/calendar/us-api-weekly-statistical-bulletin
And there is a drop in production by almost 2 million barrels a day.
https://oilprice.com/Latest-Energy-News/World-News/API-Shocks-Market-With-Large-Crude-Oil-Build.html
Beverley Smith, who has been appointed Interim Chief Executive Officer, is probably keen to make it permanent.
So why would she be pushing for a take-over ( as some here are suggesting ) and so put herself out of a job ?
Whereas Dr. T's sole aim was for a take-over (after proving the concept) which would have made his 25 million shares worth a fortune.
Good find stepper.
RNS quotes :-
"In addition, each of the Company's non-executive directors have committed that 20 per cent of their fees, after tax and national insurance, will be used to purchase shares in the Company."
The Chairman bought £12,000 worth … does that mean he gets £60,000 per month ? …. wow !
"And given how low oil prices are currently, producing fewer barrels from Lancaster might have some benefits, as the company would have more to sell at a later date, hopefully at higher prices, Mr Kelty argued."
What a ridiculous statement … as if saving a couple of million barrels now (out of about 500 million) is going to make much difference in the long run.
It would appear to me that our votes won't account to much anyway.
According to the link that someone posted earlier, only the broker gets to vote.
https://www.msn.com/en-gb/money/other/small-shareholders-set-for-power-boost-as-shake-up-may-give-investors-a-bigger-say-over-fat-cat-pay-and-takeover-battles/ar-BB10SWHJ?ocid=spartandhpsoon
"A key law change under consideration could force companies listed on the stock market to register every single shareholder as an individual.
Currently, most people who hold shares through stockbrokers do not hold the legal title to the shares they own.
These are held by a stockbroker instead as the legal owner, in what are called ‘nominee’ accounts."