Member Info for donalb

Great news & now we can boil 100 kettles at the same time ! There goes the tea bag budget !

My "suggestion" is we install a huge super fast electric car/truck/bus charger nearby & offer free tea to all those charging up :-) Maybe even arrange for some food trucks, mobile suntan beds, free heat for camper vans, etc, etc :-)

GLA, DONALB

Just saw an interesting French news item about people having their homes heated, by a data company installing "computers/heaters" in their houses, effectively a mini part of a larger data center, where the waste computing heat is put to use, heating the space & or hot water.

Might fix lots of Irelands energy problems & might be a better investment :-)

https://qarnot.com/en/qalway

cubane1, like I said, differing kinds of shareholders buying & selling here.

Inflation spike is probably transient, back to 2-4% in a few years & best part for RKH is that its mainly energy related.

The 12 mo Euribor rose to ~5% in 2000 & ~5.5% in 2008 & the graph linked below is now rising almost vertically :-)

And I just bought 3 nice organic Italian lemons for 68c, here in the sunny "not so inflation burdened" south of France.

GLA, DONALB

https://www.euribor-rates.eu/en/current-euribor-rates/4/euribor-rate-12-months/

There may be a split happening in profiles of shareholders here, those who prefer a quicker gain & those more than happy to wait for superior longer term gains.

12 month Euribor + 4% = 3.312 + 4.00 = 7.312 % return for waiting for a 3mo's - 3 yr.'s, 90-95% probable returns.

Personally, happy to wait several years, but acknowledge its not for everybody.

I recommend the "high voltage current drill at Predator" to those exiting, I am also in there for the fun :-)

GLA, DYOR, DONALB

Sorry to be repeating myself, but the ECT is only applicable against the Republic of Ireland, by non-Irish companies from foreign registered companies of ECT signatory nations, ie, LOGP, EOG, PDR, etc.

Suggest all of us BEY clowns, LG included, hedge into all of the above, to teach the Zealot Ryan an expensive lesson.

GLA, DB.

OutLook:

Closing of the Corrib acquisition is nearing the final stages, and we now anticipate the acquisition to close in Q1 2023 due to administrative delays. As previously noted, all free cash flow generated by the acquired interest in Corrib from January 1, 2022 until close will accrue to Vermilion and be netted off the final purchase price.

https://vermilionenergy.com/news/news.cfm?newsReleaseAction=view&releaseId=288

Hopefully some good cross-over for TUI tomorrow !!!

GLA, DONALB

Lufthansa Group continues to see strong demand for air travel. Average yields in the passenger business remain well above pre-crisis level. Lufthansa Cargo and Lufthansa Technik are expected to achieve record results in the current financial year.

Earnings performance in October and November exceeded expectations. The booking situation for the coming months indicates a continuation of the positive trend in the Group’s passenger business. The Group therefore expects to be able to generate Adjusted EBIT1 of around EUR 1.5 billion in the 2022 financial year (previously: more than EUR 1 billion).

The Group will present the full year 2022 results on March 3, 2023.

https://www.lufthansagroup.com/en/newsroom/releases/lufthansa-group-raises-earnings-forecast-for-2022.html

Uploaded quickly, start listening from 2:01:00

https://www.rte.ie/radio/radio1/drivetime/programmes/2022/1205/1340162-drivetime-monday-5-december-2022/

Excellent ~ 20 minute piece about where Ireland actually stands, on proposed development of huge off-shore Windfarms on RTE at the end of Mondays Drivetime Radio Show.

It seems nobody can get a seafloor survey license, all new licensing can & most likely will be subject to Judicial Review by objectors, very difficult to book the specialized vessels & worst of all, Ireland has no ports capable of handling the huge ships & largest turbine size.

So our Delusional Don Quixote is not only making a mess for oil & gas, he seems to be overseeing quite a hot mess in his own proper Cabbage Patch too !!

https://www.rte.ie/radio/radio1/drivetime/

The article has not been uploaded yet, I expect it will in 1-2 days, really worth the listen, starting around the last 20 minutes.

GLA, DONALB

The best reason for a non-Irish companies, such as CNOOC or Woodside, Lansdowne, Predator, etc, to continue holding on to their ROI licenses, are that only they can sue the ROI under the Energy Charter Treaty (20 yr sunset clause), if unfairly treated by Minister Ryan, etc, just like Rockhopper Vs Italy for the now €240-250 M and interest counting.

Check the recent RNS below from Predator Oil, who are again trying to advance their Corrib South project, due to recent movements:

Ireland
In the context of Ireland's requirement for security of energy supply given the current global energy crisis and the publicity surrounding the Company's Mag Mell Project, there has been renewed industry interest in the Company's application for a successor authorisation for Corrib South. The Company is allocating £100,000 for outsourcing the preparation of a Data Room for legal, technical and commercial due diligence purposes for interested parties.

https://www.lse.co.uk/rns/PRD/exercise-of-share-options-loan-to-develop-asset-i7kshsmrfhyafjd.html

Dubhlinn, sadly this is a Green Party enhanced hot mess. And FF & FG, have limited options or face an early election.

And for the record, I have cut my personal CO2 output by ~80% in the last 1-2 years, ie, 2050 targets ~achieved.

The island of Ireland seems to have only 1 GW or 1,000 MW of capacity from 2 interconnections to the island of Britain. The future "French Connection" will add 700MW in 2026 at the earliest, ie, 1,700 MW maximum by ~2026.

Today, we have near 5,000 MW of wind energy, mostly onshore & plans for massive off-shore expansion by 2030.

What will happen with 5,000 MW of additional solar energy, on a windy & sunny day between 2025-2030 ?

We will have to curtail from 20-100% of the wind energy or maybe better still, re-educate the All Ireland population to use the energy, when its most freely available. I suggest half-price for peak energy generation periods, might help.

As for the Irish electricity network being able to handle all this extra power, it will surely take many years & cost several € billions to upgrade the network & if Minister Ryan achieves his dreams, we would need maybe 10-20 GW of connectors to Britan & Europe & many € billions more in interconnector investments.

So now, Irish electricity grid consumers must pay for the standard electricity grid + oil back up + gas back up + coal back up + hydro back up + turf back up + plus the onshore wind grid+ the offshore wind grid + the solar grid + the international connections grid + the electric car recharge grids + the biogas grid + lithium battery back-up grids & the future Hydrogen/Ammonia grid, etc, etc.

My tiny suggestions to ease energy cost suffering for many, is to offer free low energy light bulbs to all, €100 vouchers for low energy major appliances & € 50 vouchers for minor appliances, thermal underwear & energy educational classes for all school kids.

And I know, living in the south of France helps, but my October energy bill was € 22.

GLA, DONALB

PS - If Minister Ryan was in any way honest about global climate change goals, he would push for 5GW of Irish solar development in the Middle East, where the investment doubles & the CO2 halves.

Dubhlinn, Minister Ryan is either completely delusional or he is simply yanking everybody's climate chain.

He again repeated on RTE radio, yesterday's Green Conference "Solar Promise" of "5 Giga Watts by March 2025", to "power all of Ireland on sunny afternoons", with "hundreds of thousands" of solar panels ready to roll out, under new easy installation rules & excess energy buy backs.

Where to start with his delusion or lies.

5,000,000,000 Watts / 400 W Ave. Panel Rating / ~80% rated efficiency = 15,625,000 solar panels installed by 2025 !!!!

So maybe 15-16 million panels could fully power the country for about 1-2 hr peak, on a very sunny day.

He seems to be deluded or lying by about a factor of 10 !

https://www.rte.ie/news/politics/2022/1126/1338406-green-party/

Simples !

https://www.europaoil.com/wp-content/uploads/2022/11/221124_EOG-Emerald-Green.pdf

Posted on EOG by SERIF:

Latest PRD RNS today indicates that they are planning to fund a data room for their Corrib South licence, suggesting renewed interest in the area. Another very positive indication that things are looking up for our (much more advanced) Inishkea prospect.

Barryroe may have just checkmated Minister Ryan, with a €40,000,000 convertible loan note from a major shareholder, to resolve outstanding license conditions.

EOG should be taking major note, as it will be hit the same conditions on any Inishkea development.

https://www.lse.co.uk/rns/BEY/update-on-lease-undertaking-application-3eo1mudsax19tox.html

Let's hope that's Checkmate for Larry & BEY against Ryan !!!!

A rare good day.

Might even buy some more shares.

GLA, DONALB

https://www.reuters.com/world/uk/uks-hunt-increases-energy-windfall-tax-2022-11-17/

A side thought, maybe all of Minister Ryan's delays on Inishkea, made the asset, worth 3-5 times more ?

Tacuma, that's very interesting to learn that " Brian O Cathrin is a board director with Nephin energy".

Nephin Energy seems to only manage the 43.5% Corrib shareholding for the Canadian Pension Fund (CPPIB).

And I also see from an old Times article that he had a salary of $780,000 in 2011.

The plot thickens, or at least my own understanding of the plot :-)
GLA

http://iae.ie/publications/

Something really needs to change, or else poor LG might lose his money, like the rest of us :-)

DB

https://www.bbc.com/news/uk-scotland-scotland-politics-63641770