Member Info for DreamOn

Hi Tacuma - greater minds than me (most of the planet) are already on the case. https://www.smart-energy.com/renewable-energy/uk-needs-another-263gw-to-meet-demand-2050-net-zero-target/#:~:text=UK%20grid%20operator%20National%20Grid,491%20terrawatt%2Dhours%20by%202050.

Energy Transition. Early morning back of the fag packet calculations. In 30 years time apparently we will all be driving electric cars. 15 million use a car every day for their commute. Rapid chargers draw at least 30a which equals about 7kw. If all these commuters arrived home at the same time and plugged their cars in the demand on the Grid would be over 100Gw. (forgetting of course that many of them would also jump into their electric shower after arriving home) Peak load on our current network is about 60Gw with installed capacity of about 100Gw. Now of course you can tear these figures apart as if this would ever happen in practice but any argument can be countered on a cloudy windless day which DOES happen in practice.

Director purchases are a double edged sword for directors. Buying is one thing and can give the SP a short term boost but then realising their investment by selling can drag the SP down by just as much or more. I would imagine that for some it is a strategic decision not to invest in the companies whose boards they sit on.

The fact that CNOOC have retained an interest in future production should tell you something about what they think about the prospect. Strategic move out of Ireland by them not necessarily linked to the geology of the prospect.

ON Twitter these chaps have only one thing on their mind and that is developing Inishkea without actually mentioning Europa @OffshoreIreland On top of that we have Nephin Energy touting the benefits of extending the life of Corrib. Probably not entirely relevant as Vermilion were not interested in further investment in Ireland but they had a boardroom coup over the weekend with the CEO departing over COVID Strategy.

This from the letter FG and FF sent to GP 3. Will you commit to ending the issue of exploration licences for offshore gas exploration?
Both of our parties are committed to a pathway to phase out all fossil fuel exploration licenses. As you
know the outgoing Government already banned fracking onshore and introduced a moratorium on the
issuing of new exploration licences for offshore oil exploration. We are open to introducing a similar
policy on offshore gas exploration.

That would be a 'moratorium' on 'NEW' offshore gas exploration. They also mention in the letter ...
4. Will you commit to ceasing the construction of new fossil fuel infrastructure, particularly
LNG import terminals that could allow the entry of unconventional liquefied natural gas into
the Irish energy mix?
Both of our parties accept that as we move towards carbon neutrality, it does not make sense to build
new large-scale fossil fuel infrastructure such as liquid natural gas import terminals.
While additional security of gas supply could be beneficial, we have secure supply at present from the
Corrib Gas Field and the United Kingdom.
We both believe that we all would need to have a shared understanding of what is meant by new fossil
fuel infrastructure, what type scale does this relate to, and whether this proposed ban would apply to
State infrastructure or to private sector infrastructure as well.

SIPP and ISA fees

3 minutes 20 secs in ..... sounds good to me

https://www.youtube.com/watch?v=3lK4yWgs2x0&t=7s

It a[ppears Mr Oddie reads this board and is as ****ed off with one driveler as I am

Only word that stands out in that monologue as having a modicum of reality about it is "drivel"

I am a long term holder here and I have a target holding along with a target selling price. As the SP dropped I bought more that took me over my target holding so I have sold some now taking a 50% profit. I sold those shares to someone who believes that they too will make a significant return on their investment and who will likely hold on to them until they too meet their target selling price. The SP chart will not continue going straight up and it may reverse for a while but I am very happy with what I have got invested here and the long term prospects although I am still over invested and have more to sell until I revert to target holding. All is good here. No problems.

Very similar situation here as happened to Cluff. SP didn't take off until Farm Out officially announced but RNS this morning is as close you can get to saying the deal is done.

The International Energy Agency recommended in its 2019 country report on
Ireland’s Energy policies, that in relation to natural gas, Ireland should “Ensure a
stable and streamlined regulatory framework, and conduct regular licensing rounds,
to encourage exploration activities and, subsequently, develop domestic reserves.”

Rudey - Hugh said exactly the same. The decision will be on or before that date but having seen the civil service in action, with huge workloads caused by reduction in staff levels I am not holding my breath for an early decision and given that the max wait is 6 weeks it makes not a jot of difference to me personally

9 December
Dear Ms Skinner
Just wondering if you could confirm that the decision on this appeal will be published on Friday? The decision date has not been updated on your website but I understand the parties were informed that the decision would be delayed until after the General Election.



Kind regards

From the planning officer in charge Helen Skinner ...
The target date for this decision is 17th February 2020.
Kind regards
Helen

Is 17th February ..

https://www.bbc.co.uk/news/business-49960817

Thanks Anthony. So significant is this "Seems getting the site survey through has been a stumbling block with negotiations for farmout but by the sounds of things, everything seems to be resolved with this now and approval should be very soon"
Makes perfect sense to me and a very reasonable reason for delaying the farm in until it is approved. Could be very soon....