Vacationfund
On the boards Ive been on there only one reason a comfort letter is issued and that because you want to let the other party your serious as the lawyers etc draw up the papers and there legal stuff that takes usually 30 days
This one in the bag, well done Roland and team SYN
IMO any dips are a buying opportunity now
GLA
I wonder what will arrive first JV news or NSTA CCS news.
I wouldImagine NSTA would give Roland a heads up before publishing the outcome and The Joint Venture new would be signposted by board meeting and sign off schedules.
Be a shame if they both landed same day be far more preferable to see them spread apart a week
GLA
Tweet from North Sea Transition Authority (@NSTAuthority) on 30th of march
North Sea Transition Authority (@NSTAuthority) tweeted at 10:40 am on Thu, Mar 30, 2023:
We welcome @energygov’s commitment to carbon capture and storage. Our carbon storage licensing round – the UK’s first-ever – attracted 26 bids for 13 locations around the UK and we expect to award licences within the next few weeks. More details: https://t.co/4eekyQUHWz
(https://twitter.com/NSTAuthority/status/1641374757626019840?t=jOxMHk8bpAZWblTfJDPnsQ&s=03)
Vacation ,
Interesting question !
To me I'll be honest I would just love to see us partner with a company that can unlock the resource.
That where sp value creation is
Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.” – Franklin D. Roosevelt
https://twitter.com/Share_Talk/status/1638152249619935233?t=IV4qmLNw5RJw2_eBjnyi0g&s=19
Guess we will see
HI Gordon
Yes a lot has changed ,more dilution of the share base is a negative but owning the whole of Cambay a positive etc etc.
hard to put a figure on the deal but it gives a "finger in the air "reference point
By the way Happy st Pats all, Im out for a Guinness later then a nice Irish whiskey (note how I spelt whiskey )
Slan go foil
I knew it was somwhere
03 October 2013
MAGNA CAMBAY TRANSACTION UPDATE
Oilex Ltd (ASX: OEX, AIM: OEX. "Oilex"), refers to its announcement of 9 August 2013 (Announcement) in relation to its agreement (Sale Agreement) with Magna Energy Limited (Magna) whereby Oilex has agreed to sell up to a 15% participating interest in the Cambay Production Sharing Contract (Participating Interest) incorporating its Tight Hydrocarbon Project in Gujarat, India.
Under the Sale Agreement, Magna has the right to acquire:
(a) a 10% Participating Interest for US$4 million (Sale Interest); and
(b) an additional 5% Participating Interest for US$2 million (Option Interest).
Magna has already paid Oilex a US$ 200,000 deposit towards the Sale Interest.
15% for $6M adjusted for inflation it was 2013 after all so $10m for 15% sounds right or maybe $35M for 50%
so NPV $70M minimum just with cambay excluding CCS etc and progress on wells
all back of *** packet stuff
Also this is due by April some time
UK CCS
The Company has submitted applications under the North Sea Transition Authority's ("NSTA") 1st carbon storage licensing round. Synergia has made two separate license applications covering depleted gas fields in the UKCS, which if successful will provide c.100 MT of CO2 storage capacity to complement the Company's Medway Hub CCS project. Development of the project would be subject to the Company securing the necessary funding.
That torrent power the local power utility and they are mentioned in the tOP 20 oil and gas comapanies article i posted
Torrent Power Limited
Torrent Power Limited is an Indian private sector electric utility company. It was founded in 1996 and is headquartered in Ahmedabad. The company is engaged in the generation, transmission, and distribution of electricity to industrial, commercial, and residential customers.
Torrent Power operates in several cities , including Ahmedabad, Bhiwandi, Surat, and Gandhinagar, and has a total installed capacity of over 4,000 MW.
The company is focused on providing reliable and cost-effective electricity services to its customers and is involved in various initiatives to promote energy efficiency and conservation.
In addition to its power generation and distribution business, Torrent Power is involved in various other businesses including natural gas distribution, solar power generation, and power trading.
so we have a top twenty National power company intrested in our CCS scheme ,SYN tweeted /RNS it
which makes me bet we will get several of those top twenty oil and gas companies bidding for the 50% and maybe few of the newer ones who are owned by Indian billionaires etc maybe like Baharat petroleum
https://www.bharatpetroleum.in/
Just my guess
https://www.rigzone.com/news/oil_gas/a/128372/Oilex_to_Sell_Partial_Stake_in_Cambay_PSC_to_Magna_Energy/?pgNum=1
For the life of me cant remember how much it was but does give some idea of NPV etc
MY second guess would be
BPRL
In BPRL’s Indian OALP Operated block, CB-ONHP-2017/9, located in onshore Cambay Basin, Gujarat, exploration drilling prospects have been identified and activities are planned towards the minimum work program.
and the others a few of the lesser known but cash rich EP companies
Just my two cents take it or leave it its jsut a game to fill in the time