Member Info for dougb189

“At what point do you think the major investors will start to come in on this gigantic project ?”

Strongly suspecting that the flood gates have only recently been fully opened, that O&G players will be rapidly partnering up with the financial institutions, following the lead of one of the world’s largest investment funds, Blackrock.
Also that players & banks have now been given the green light by the SNP whose Independence Paper supports the use of oil to pay for the 1st decade of independence should they get it.

Both these inputs imv have recently given massive confidence to O&G players, not just in the North Sea but globally too.

From Opulentia on COPL:
‘…BlackRock, the world's biggest asset manager, told a British parliamentary committee that it will not stop investing in coal, oil and gas, and that its role was not to "engineer a specific decarbonization outcome in the real economy."

…When asked by the committee whether it would support a net-zero scenario that called for "no new investment is needed in coal, oil, and gas," BlackRock said: "No."….’

There’s a far more critical aspect to Biden’s handling of energy ; the reserves were not put in place just for war but far more importantly were put in place for weather contingencies. When Katrina took out the G.O.M the States were shortly after reckoned to be down to their last few days of available fuel supplies. Wasn’t until after 2005 that they started earnestly stock-piling their reserves again. The hurricane season generally finishes in November but there has been powerful & destructive hurricanes generated throughout October. Biden is literally playing with fire. He’s possibly the best man to have in the office for shareholders. Should be an interesting couple of weeks.

https://www.rigzone.com/news/scottish_independence_paper_proposes_oil_fueled_fund-18-oct-2022-170742-article/

Closer to home and if the scots do go their own ways then there’s now a plan that oil will fund the 1st ten years.
Then gives legitimate Rees-Mogg entry into the north sea again. Should AM think of returning…

A very good day…. Scottish Independence Paper is now proposing that oil will now fund the first decade :

https://www.rigzone.com/news/scottish_independence_paper_proposes_oil_fueled_fund-18-oct-2022-170742-article/

Lol, but hfb could be spot on with his propos3 possible hat-trick of forthcoming events.
Is a very good day.

Totally true bud, but since this year then there’s been a significant step-change in everyone’s perception of energy dependence with the ‘starting-gun’ not then being fired till Horsa started his round the planet tour. A few short months ago.

Thanks bud, i believe jarvey was thinking that CCS constitutes the gist of the play referenced as ‘progress being made elsewhere’ and whilst can see interesting new developments tieing in perhaps with the Barossa stalemate status, is i rather suspect that ‘progress elsewhere’ might though relate to a JV.

‘..update on possible CCS..’ Are you thinking there might be a tie-up with Barossa, who are passing fairly close by for their CCS & who might now need a new route to Oz, perhaps via the original Darwin feeder pipes, in effect putting their distribution piping closer to Chudditch ?

The Hypocrisy has no bounds :

Mitch1967
Posted in: BOIL
Posts: 831
Price: 0.085
No Opinion
I wonder ....09 Sep 2022 06:26
If the SP will see .2
before Christmas, don't want run before we can walk

https://www-cnbc-com.cdn.ampproject.org/c/s/www.cnbc.com/amp/2019/02/28/exxonmobil-makes-big-natural-gas-discovery-off-the-coast-of-cyprus.html

A possible 5 to 8 T cfg off cyprus getting europe v.excited.
Hang in there peeps!

‘..News rally , followed by a Market Santa rally this year , that would be some way to end the year lol..’
Both tightly tied into the ongoing energy crisis and imv a mild winter might then see the santa rally return.

So went for the pre-rally short last year ie put a short on ftse late November on the thinking that the santa rally perhaps exists (several analysts state there is no logical explanation for the rally) due to heavier selling in early Q4, that imv perhaps USA traders were selling/clearing the decks for Thanksgiving & so influencing our ftse.
Put the short on a Thursday night & by early Friday morning, the Omicron variant arrived crashing ftse again. Lol, but not usually so fortunate.
Fingers crossed that one or both of our fields get parcelled & delivered.

Thanks too bud on the data dump.
Shows just how ambitious TL are.
Consideration being shown in the 2021 report (with some Feb 2022 updates included) for upstream Greater Sunrise developments being done in 2 stages, with initial developments using an FPSO prior to then laying piping.
Their short range forecast 2021 till 2025 of $55/bbl & $7.5/mmBtu LNG
& their long range forecast $56/bbl & $7.75/mmBtu LNG
shows just how confident they are.
Tied in with bringing the Norwegian fund managers across to enlighten TL on the correct way forward, was again brimming with confidence. Appreciated bud.

I still reckon that TL has the clock running down on Meg O’Neill, and perhaps after several decades of stalling, that further afield is being looked at :

https://en.tatoli.tl/2022/10/01/china-and-tl-deepen-bilateral-cooperation-chinese-national-day/09/

Reference to an ‘increase maritime use’ and coincidentally… Dunrobin currently has 3 vessels parked on top of it : the survey vessels Ocean Endeavour & Ocean Researcher came south of the 58’ latitude into Dunrobin prior to the weekend then cross-crossing the area at 2 knots since then, and now appears to be joined by the support vessel Deep Vision which is parked at the top end of Dunrobin. Lol, but had me looking for the binos..

Horta has been actively in discussions with half the planet since June.
He comes across as a wee bit out of his depth, eg. ‘..the Chinese are on board, then a short time later, the Chinese are not onboard..then is I want $100B.. then is I don’t want to pollute..’
but even his arch nemesis Woodside’s ceo Meg O’Neill states that there has been ‘significant energy expended’’ by TL/Horta in trying to obtain a solution. Woodside appear to be dragging their heels, although not helped by an inflexible TL. For me I suspect that after all the energy that Horta has put in since June, that he will then follow thru with a definite cut-off period (Q4?) and at which point the Chinese will be back onboard again (this creates a very hostile border and sadly as we all know, hostilities benefit players in the energy sector… aka Ms.O’Neill.

Imv, the cash to run the country is quickly running out. It then puts TL’s 25% share, c.$10B of Chudditch’s estimated $40B at the forefront of any developments. Expecting this at any moment.

Dunrobin too is looking v.good, with 2 of its 3 players now sitting on sufficient funds to go for a 1st drill aided by Rees-Mogg’s assistance.

Thanks Jack, that’s well laid out.
I wasn’t sure how deep CEL’s loan notes might have gone,
& as you highlighted, c.15% taken on fees.
Appreciated. Ta.

Olivia., from the RNA’s:

‘o Corallian has notified its shareholders that Corallian has received a conditional offer of £3.20/Corallian share, with the proceeds to be staged as outlined below
o Reabold holds 3,769,487 shares in Corallian
o Reabold will hold a further 195,416 Corallian shares post conversion of Reabold's Convertible Loan Notes ("CLNs")..
.. The initial payment of £10 million, is anticipated to be made during Q4 2022, when CEL shareholders will receive an estimated £0.80/Corallian share for every share held..’

3769487 + 195416 = 3964903
£0.80/share then gives £3171922

The sale was conditional to CEL shareholders approval.
& which the CEL directors then authorised.

c.£12.7M or 60% return on RBD’s £7.5M investment is not a bad wee return when next stage follows through.

https://www.bbc.co.uk/news/business-63086562.amp
UK not in recession:
...The good news is that the economy wasn't going into reverse over the summer, the bad news is that's because the economy was smaller than previously thought prior to that point.
With some consumers opting to hang on to savings built up during the pandemic rather than spend, the economy is still not, unlike some competitors, bigger than its pre-pandemic peak.
So a growth plan to boost our prosperity, as the government intends, seems ideally timed.
But some economists point out that our productive capacity is limited….’

A nice wee read albeit the UK took a bigger hit during Covid than what was previously estimated but that the country is now getting back on its feet & earnestly looking for opportunities..
Productive capacity /prosperity is available. Via Block 18.

January 2016 @ 0.09
best broken down into manageable time frames.

took c.24 months for GGP
Oct.2018 @1.08
Nov.2020 @30

Catalyst here would probably be Dunrobin; Chudditch’s isolation then requires a JV but Dunrobin gets 90%+ paid for by Rees-Mogg, & IF it turns into another Beatrice, then all bets are off, there again so would a possible 37.5% of 10T at TL.
Lol, but I’ve had a lot worse odds.

Goldman Sachs are predicting $125/bbl before the end of the year.
Is tied into Biden’s attempt to set a price cap (democrats lose a significantly large amount of votes when it hits $5 a gallon at the forecourt) and for the global economies.
G7 has agreed to it & EU would like to see it (apart from Hungary).
Then means that any O&G shipping can be docked in Europe if the oil onboard is at less than the cap price ; some thinking that Biden wants it set at c$40/bbl as that then sees the Russians make just enough profit to cover their costs and a wee bit for profit, so giving incentive to deliver again. Others are suggesting cap at c.$70/bbl.
At the moment the Russian oil price is reckoned to be discounted by 30% to its main 3 clients : China, India & Turkey. With Russia losing Europe as a client, the remaining 3 have negotiated better terms. They won’t necessarily be keen on capping Russia.

Putin though has scoffed at any price cap & its though he may order his O&G refineries to completely power down prior to any price cap being set in early December & so weakening western resolve, hence GS’s forecast of $125/bb Q4. Should be an interesting couple of weeks.