Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ironhide so this paragraph has no bearing on the stock , perhaps not yet but we are worth more today than last Friday IMO
"Oil production from the Frontier 1 from the 11-27 well at Cole Creek will have an impact on the Company's petroleum resources through reclassification of Prospective Resources to Contingent Resources, and ultimately its Reserves as additional producing wells come online."
Stevo12 nice post and this for me is the most important part.... "I would be looking for a guarantee from Kier S that it wont be pulled. If no guarantee then walk away - this would really shake up the establishment and provide the conservatives with political capital in next election. “Labour compromises UK energy security and damages Green potential as UK now needs to import expensive foreign oil and LNG from US, while Aberdeen becomes a ghost town”. Not that I am saying conservatives much better."
How can you sell this policy to voters when we cant even put the heating on next winter. We need HBR/ENQ , if no investment now how do we have any control over supply's. Next winter is going to be grim as country's scramble to secure supply's of gas and the USA will struggle to replace Russian Gas.
Supuser79 It's not just about working in our favour this is about energy security. We are at war and weather people like it or not this confrontation with Russia will not end any time soon. under the present circumstances you do not chastise the very company's who give you that security. Remember the labour party are full of comies and i have no doubt they will be encouraging plenty to strike at the very time we need some stability in the country.
Back to low wind speed over the next 7 days + and we will see another spike in gas prices. The government are again gambling with our O&G security that wind will save the country but what happens when the wind doesn't blow and we have inadequate gas storage. The Government is an ass and the opposition will say anything to get in power .
What i find hilarious is the fact they had the UK offshore 33rd Round of licensing and obviously plenty applied and got licences but here's the rub . These small company's will come to market for the funds for exploration but then what. Who will want to pump money into the UK for production that might never pay off. This whole thing is a farce and no money will follow the drill , punters will avoid like the plague. With out our few large E&P company's who will invest. The government has got this so wrong like so many things.
As a result, the EPL necessitated a review of our future activity levels in the UK and reinforced our ambition to grow and diversify internationally.
Debt will be minimal by year end , lets say this is a new IPO company next jan what price would it come to market with say 275k production , all infrastructure highly skilled work force management and international operations . I think more than 3 billion.
" We delivered c.15 per cent of the UK's domestic oil and gas supplies, supporting energy security at a critical time while reducing our greenhouse gas emissions and progressing our UK CCS projects."
So the government will import O&G from around the world and have no say how" green "that will be produced.
The politicians are not fit for the job , bunch of scammers
" Total UK capital expenditure reduced compared to previous expectations with certain opportunities no longer being pursued following the changes to the EPL announced in November"
They know what they are doing , "Review initiated of UK organisation to align with lower future activity and investment levels in the country."
Read the TU again and calm down.