Member Info for EinbertAlstein

This seems appropriate:

https://youtu.be/PE1lzqJCeJ0?si=z7Vr2sqGRcwDHB-F

Hello from the forecourt.

https://www.nstauthority.co.uk/media/5wwaedil/nsta-overview-2025.pdf

I recommend a glance through the pages of the recent NSTA propaganda .

Page 15 shows a “Decarbonised Hub” .This, if I understand it, is what is proposed for Buchan.

I can just see the headline in the Guardian “ Miliband’s Wisdom Saves World -NS Oil Production Ends Climate Crisis”.

I remain optimistic and suggest that 340p (or was it 430p?) might be back on. Hold tight for an exciting ride. See you at Buckfastleigh.

Dick,

I agree wholeheartedly with your final paragraph.

EA

Is he still the CEO?

I have been thinking about a legal argument emphasizing that the redevelopment of the Buchan field does not constitute "new oil"and should not therefore be considered under Net Zero legislation as it is the continuation of previously licensed production, which was interrupted due to safety-related issues.

# **Legal Argument for the Redevelopment of the Buchan Field**

**1. The Buchan Field is an Existing Asset, Not a New Oil Development**

- The Buchan field was originally developed and produced oil for many years before production was halted due to the failure of the floating production rig’s safety case.

- The cessation of production was not due to depletion but a regulatory and operational matter.

- The field has now been re-licensed for continued extraction, meaning its resources were always recognized as recoverable within the UK’s legal framework.

# **2. Net Zero Commitments Apply to New Oil, Not the Continuation of Existing Projects**

- The UK’s Net Zero strategy is focused on limiting new fossil fuel developments rather than halting production from already recognized reserves.

- The redevelopment does not increase the total UK oil reserves but merely ensures the extraction of resources that were already factored into previous carbon budgets and economic plans.

- Stopping production now would not prevent the original oil accumulation from being extracted but would instead result in economic loss without a significant climate benefit.

#### **3. Preventing Redevelopment Would Create an Inconsistent Regulatory Precedent**

- If the Buchan redevelopment were blocked on Net Zero grounds, it would set a precedent that any operationally interrupted oil fields could be permanently shut down, even if their production was originally considered lawful and environmentally assessed.

- This would introduce unnecessary regulatory uncertainty and potentially undermine investor confidence in the responsible management of UK energy resources.

#### **4. The Redevelopment Aligns with the UK’s Energy Security Goals**

- The UK government has emphasized the need for a transition period to ensure energy security while shifting to renewable sources.

- Restarting the Buchan field reduces reliance on imported oil, which may have a higher carbon footprint due to transportation emissions.

- If this redevelopment is blocked, the UK may be forced to import equivalent oil volumes from sources with less stringent environmental regulations.

#### **5. Environmental Mitigation Measures Can Address Net Zero Concerns**

- Modern production techniques, improved facility designs, and carbon offset measures can minimize the environmental impact of Buchan’s redevelopment.

- If necessary, additional commitments to emissions reductions or carbon capture technologies could be integrated into the redevelopment to align with the UK’s broader Net Zero strategy.

Surely 340 or 430?

A positive and optimistic research note from Zeus this morning

What I don’t understand about ‘people’ like MoneyTalks (if indeed he, she or it is a person and not an AI chatbot) is that it continues to ‘post on this board.

Why, if you are convinced that JIOG is a dog, why would you continue to post?

What am I missing? What’s in it for they? Is it just hoping for “ I told you soism?

[ I’ve recently been experimenting in AI , or with AI, and the responses I get from AI platforms appear more intelligent than some, un-named, contributors to this board.

My political forecast is that Starmer will need some slightly better news soon in the New Year. He’s not going to fix the NHS or build all of the promised houses by Q1 and growth will remain elusive because of Reeves’ (and his) wealth-destroying taxes and policies.

So… from where might he manufacture a bit of merriment? The so-called Energy Secretary ( I think I’ve got that right) Miliband is universally hated and we have remarks from someone called Wes Streeting, who is apparently trying to fix the NHS, make disparaging remarks about his bacon sandwich gurning colleague. This was clearly scripted from the top ( if that’s not an oxymoron (probably just a regular moron with nothing oxy about it)).

My prediction, based also on a bit of Westminster gossip, is that Miliband will be ‘sacrificed’ and Net Zero targets will be ‘re-fashioned’ in Starmer-Reeves speak, to accommodate North Sea projects which conform to certain ‘charmed’ conditions. Now, it just so happens that Buchan, is thought to exude considerable ‘charm’. All sorts of ‘sustainability’ criteria are fulfilled through it being an old field being brought back into operation using a recycled FPSO and being electrified (as is very fashionable in Norway where his Starmership recently had a few glasses of Aquavit with their PM). I’m told the unions are also voiciferoulsy pushing Buchan, in particular. I also understand, from discrete sources that a couple of left-leaning think-tanks ( are they still called that?) that research papers are being published to promote the socio-economics of , basically, producing ‘home-grown’ oil. When this is published , even Guardianistas will be pleading with HMG to allow the development of ‘charmed’ energy projects.

Bottom line: all good news for Buchan and especially dear old JOG. Bothers , sisters and ye of little or gender or mixed or uncertain, HANG IN THERE, just a little more patience and we shall soon reap the rewards of our currently under-performing investment.

Well said Dick!

Hello Dick,

Sorry I’ve been offline, or more accurately on the end of a line, a sailing line. The climes of my native Grimethorpe became unattractive ( politically and meteorologically) so I fled to warmer climes on my twin-masted 100ft sailing yacht to Zanzibar. I left my boy (young Einie) manning (buoying?) the pumps on the forecourt but as most people now know how to wield a dipstick and those so-called EVs don’t even have a dipstick, young Einie should be safe guarding the tills in the upcoming’Festive Season’ . Although what there is to be festive about God alone knows! No irony intended in that last remark. I remember Christmas when I was a lad, it started about Christmas Eve, I think the local brasss band started playing Carol’s ( capital C and the apostrophe intentional) coz they were playing Carol’s favorites.

BUT I digress, or in fact I haven’t started to answer you question.

Basically, I dunno.

There have been acres (am I allowed to use that old fashioned ‘imperial’ measurement or might the rozzers come knocking on my door for offending someone who finds the term offensive?).

Ah yes , the tenuous thread of my non-argument might be:

There is proven oil in the Buchan reservoir : tick

It has flown and can flow again at good flow rates: tick

The water depth at Buchan is not too deep: tick

The JV has an option on a recent FPSO: tick

The Grunta Turdbergs can be partially appeased by running a twisted pair of wires from a windmill to power the FPSO (when the wind blows) (oh I can almost feel a sea shanty coming on)

Hence…. Many of the geological and engineering fundamentals are rock solid

The unions and the Treasury like money and may be able to exercise some restraint over the whims and fancies of the more lunatic fringe of the so-called Labour Party ‘Government’ (ha ha)

My hope, belief, expectation is that , of course development will go ahead and my 2 shares in JOG might become worth more than a couple of Mars Bars.

Time to up anchor and head for the casino: better odds than AIM.

Hang in there, believe and hope for the best!

I have no alternative

It looks like some ‘investors’ are ‘placing their bets’ and buying into JOG - uptick in price. Budget optimism or impending ‘good’ news, or both?

Dick, it’s been a while since I commented here . I’ve been motoring round some islands in my coal-fired steam launch. Oil is too clean. I agree with all you say, particularly your final paragraph. My hope is that the Treasury’s need for tax revenue and the unions’ fear of job losses will counter the Miliband desire to shut down oil and gas production in the North Sea.

Surely even the dimmest of dimwits should be able to sea that because we need oil for at least the next 20 years, and the Treasury needs tax revenue, and the country needs employment and , importantly , the country needs low cost energy sources to be economically competitive, it is better to secure as much ‘home grown’ oil and gas as possible. During which time the mirage and high cost of wind and solar will have been exposed.

“Through various measures, including a reduction in salaries, staff and Director numbers,”

The website still shows the same number of directors…

I remember those heady days when we used to write about numbers like £34 or was it £43? (Dick will correct me).

Now we are dreaming about 34p or 43p!

A big Labour majority will mean a lot of poor quality MPs. The factions in the Labour Party will soon start fighting for their own (greedy) vested interests. Starmer will not be able to control his Party and it will very soon descend into an internal anarchy. Trying to keep all of the interests happy: unions, left wing ideologues, ‘green’, NHS, Education, potholes, 1.5 million homes, prison overcrowding, immigration-illegal and otherwise, plus a few more. Defence! Foreign policy ( neither have been mentioned?

Or perhaps, by the end of next week, Starmer will have fixed everything 🤣

Markets will have priced in a Labour government but the markets really have no idea just how penal (high tax) and workers’ rights employment legislation will be. I can imagine some market turbulence when they start implementing their, as yet, unannounced policies.

But if they can build 1.5 million homes and fix all of the potholes maybe it would be a good idea to invest in building and civil engineering contractors, building supplies companies and plant hire contractors. Are there enough tradesmen to do all the work?

My forecast is that Starmer and the government he will form will very rapidly become VERY unpopular.

If a small majority? Dunno.🧐

Donkey, please! I find the thought of Greta without clothes (even figuratively) highly distasteful.

Sadly, in the case of anthropogenic climate change, the clothes have no emperor.

I think this is a board about Jersey Oil and Gas (or is it Guernsey?). Sadly, there is nothing to say about this. Looks like Benitez and his fellow execs and bored Board members have been marginalised by the operator and other paying JV member. ‘A year’s delay’ - who knows what the price of breakfast and Buckfastleigh tonic wine might be by then?

It’s my expectation (hope) that when the party of the Red Flag gets elected, the unions and someone sensible in The Treasury (if that’s not an oxymoron) will stop some of their ‘sillier’ = damaging, policies (stopping or further damaging NS Oil) from being enacted.

Labour has effectively given up on ‘The Climate” - It mentions Switching on Great British Energy but there is no rhetoric about saving the planet etc. So I have some hope the Millibrain will be reigned in. If the Labour Party has finally realised that there is no ‘Climate Crisis’, there may be some hope.

If, at this late stage, the so called Conservative Party would acknowledge that there is no ‘climate crisis’ and that the country cannot afford ‘Net Zero’, they could yet improve their election chances. But successive Tory ‘governments’ from Cameron to Sunak have endorsed this ‘religion’ to the country’s detriment.

I remain optimistic that my 2 shares on GOG (or was it JOG? Couldn’t be Sark , as that would make it SOG (however appropriate that would be)) might one day be valuable enough to buy me breaking in Buckfastleigh with that accompanying flagon of the local tonic wine. I’d better look out the share certificates. I hope the dog hasn’t eatern them.

Probably

Could be 2)

Maybe a state-controlled entity (as per those mentioned by Dick and why not Equinor (again, now it’s been technically derisked)) will take on the entire GBA.

Good idea. I hadn’t been thinking along those lines.🧐

Aminex