Member Info for CUPHALFULL

Dramatic news reports and headlines from all MSM particularly Sky News and BBC

Ironically it was the website of Extinction Rebellion that carried a quote from the Ruling that I didn't find reported elsewhere :-

" The Court also said that while national policy on oil extraction must be taken into account, it said that did not mean a planning authority 'has to ignore [the] adverse effects on climate.' "

So Extinction Rebellion acknowledge ' National Policy' as a determining factor for drilling permission.

With a desperate need for O & G industry tax revenues the governments 'National Policy' should win thru.

Thank you for all that work Dick.

Good morning Dick - thank you for your comments on DCFs.

I'm sure everyone on this board hopes you are around for the harvest.

One thing we all will be around to enjoy is the demise of the fragrant Minister - Ms V.Atkins - Sky poll predicts she will lose her seat.

I'm sure with her background some conveyancing clerk's vacancy exists which will match her talents.

Sorry - I meant Senior conveyancing clerk.

Hi Dick,

Your last DCF for this board produced a negative outcome - what will be the difference with your assumptions from that occasion and the next DCF you are intending ?

DU - " Something has gone very badly wrong with our country........"

The government dispensed with the concept of doing what is best for the country.

Re DU - " It's the paltry amount forecast to be raised that intrigued me most. £1.2bn a year taken off " gas giants making record profits" would hardly make a dent on the industry overall."

But it seems to say only £1.2 bn p.a. taken of energy giants to go into the ' Gren Prosperity Plan '.

That does not seem to debar a lot more being taken from them for ' general balancing of the government books'

Surety, I agree. - all to play for.

re " … try not to get caught in the sentiment of the pre budget noise " - you give wise advice

From WH Ireland on 6/6/2024

"In effect, we anticipate the UK Government will provide fiscal clarity such that the operator of the Buchan redevelopment will have sufficient confidence in the fiscal regime to progress with project sanction. We remind investors of our view that the Buchan field is overwhelmingly the best undeveloped oilfield of its kind in the UK North Sea in terms of it being of considerable scale and low-risk. "

Re: DU clement freud -.thank you Dick, brilliant !

Definitely something eerie about Thunberg that would make me wary of leaving her alone in the house with a box of matches

AGREED !!!!

@ Buchanan - " And yet to others, the Tories have moved too far to the right... they certainly have on social issues where they try to out Farage Farage "

Well on unrestrained legal immigration they've exceeded even Blair's 'Open Door' policy and this whole unchecked 'Trans' onslaught with school children being taught there are 100 different genders has all occurred under the Tories - in fact Mordaunt as Equalities Minister was as woke a politician you could find - while it was May who tried to railroad thru the policy that a person would be able to change their gender simply by assertion without medical assessment.

At the 59th minute of the 23rd hour ( when defeat is guaranteed) it is true they have suddenly started making some caricature noises like bringing back National Service but I see them left wing on social issues as well as economic issues.

Re: Cyril2 - " If Starmer wins and pursues labour's destructive policies I shall be leaving the country. There will be nothing left here worth fighting for."

But we musn't forget the Conservatives destructive policies of the last 14 years either - I say that as someone who resigned from that Party some months back - I've had enough - they are unrecognisable as a Conservative Party - they have joined Labour on the Centre-Left.- it was Theresa May who gave us 'Net Zero 2050 ' to boost 'her legacy (ego) ' without a thought as to what this would mean to the economic health of the UK.

Further from WH Ireland:

" On balance we view the update as favourable in that it formalises the JV partners position relative to the forthcoming election and ultimately the UK’s oil & gas fiscal regime – all of which is natural and had been understood, we believe, by the market. We are not surprised, but comforted, by the statements made in relation to the good progress being made to advance the field to FDP approval/sanction. We reiterate our 705p fair value estimate for Jersey Oil & Gas. "

Extract From WH Ireland today :

" WHI View: We expect that the fiscal policy for the UK North Sea following the UK General Election will be favourable for domestic energy security, HMRC tax revenues, UK jobs and the production of energy on a low carbon emissions basis. In effect, we anticipate the UK Government will provide fiscal clarity such that the operator of the Buchan redevelopment will have sufficient confidence in the fiscal regime to progress with project sanction. We remind investors of our view that the Buchan field is overwhelmingly the best undeveloped oilfield of its kind in the UK North Sea in terms of it being of considerable scale and low-risk. Specifically, the field is estimated to contain 70 million boe (95% oil) and it benefits from 36 years of production history. In our opinion, the field’s petrophysical characteristics provide very high confidence that the reservoir will respond favourably to a water flood strategy. The point is that the Buchan field has always had, in our opinion, the odds stacked overwhelmingly in its favour – that hasn’t changed. "

Hi Rollo - re: " The allowances that we are all concerned about are not a tax "

Agreed - but they are what RR may choose to regard as " a tax loophole " - the closing of which has the same effect as a tax rise.

Re Milario - " so O&G will be around for a good while yet but the taxing part is the key."

But Labour are announcing taxes they will NOT put up - so those not mentioned had better watch out because new gov. will be desperate for more money

Hello Dick - " We closed the loophole after discussing the matter for some time. "

And now your objecting to others doing the same.

Itsriskthat:

Yes, but Neo and Serica might be not go ahead if they lose their Investment Allowances

Accurately expressed Greener101.