Member Info for Flombo10

Also the commission will seek submissions on the proposed rules until April 4th next, after which it will decide finally on the new rules.

Unless those submissions produce grounds for convincing the commission to change its mind, it is likely to apply the rules that it publishes today.

Another sign that attitudes are changing now that Greens are gone .

The energy regulator has new policy proposals , wanting to give the go-ahead to data centre expansion which could see multiple new gas and oil power plants built to run the electricity-hungry operations.

The proposal would ease restrictions on the sector amid clamour from within industry and government parties to let it grow.

However, it will alarm climate campaigners and opposition parties, who want a moratorium until there is enough wind and solar power to meet the sector’s massive energy demands.

The policy proposes they be on-site or near to the data centre, so the expectation is that they would run on gas or oil rather than wind or solar installations, which need much more space.———-end of quote

The West of Ireland with its cool climate and ( access to natural gas!!!) ideal location for such centres as Apple recognised years ago . Even better , if new gas supplies found.

Now surly is the time for vermilion and EOG to say to the Government , we intend using our licence to drill , tell us you won’t hinder us and even covertly support it .

Let’s have some action but on good terms from vermilion , of course

Europa already have the licence and PRD are seeking successor licence .

It's more a case of giving strong political support to them., that they won’t hinder or put unreasonable obstacles in the way as Ryan has done with Europa and especially what he did to Barryroe.

Part 2 of Sunday independent making case article .

This raises a whole new question about our gas ­exploration policy. If we end up buying fracked gas, surely it would be better to have our own natural gas resources developed?

The Corrib gas field has supplied around 25pc of Ireland's gas needs for many years, but it is running out. Europa Oil & Gas has an exploration licence on a location right beside Corrib, which in early assessments points to a sizeable find. The infrastructure is nearby.

But former Europa chairman Brian O'Cathain has been critical of government policy in the area of not issuing new licences for gas exploration. Back in 2023, he prophetically said: "If domestic gas is not landed, Ireland won't use less gas - but will increasingly rely on imports to plug the gap in the coming decades.”

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Europa has been trying to get funding for exploration of its Inishkea licence area close to the Corrib field. The licence for another promising prospect, Barryroe, was not renewed by the department.

O'Cathain stepped down as Europa chairman last week after several years in the post.

So, what is government policy on LNG storage in this changing geo-political environment?

The 2020 Programme for Government was quite clear. It pledged to end the issue of new licences for gas exploration and extraction. And it stated: "As Ireland moves towards carbon neutrality, we do not believe that it makes sense to develop LNG gas import terminals importing fracked gas. Accordingly we shall withdraw the Shannon LNG terminal from the EU Projects of Common interest list in 2021.”

It is a fudge to think we will import one single batch of LNG and simply leave it in the tanks for years to come for an emergency that may never come.

We need energy security and we need to be realistic about that. For practical political as well energy reasons we will need to import some LNG into Ireland.

Martin is right about that.

But surely it makes even less sense to maintain a block on anybody exploring for Irish gas in Irish waters, while buying in fracked stuff from Trump's USA?

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Below is article from today’s Sunday independent making case for Europa inishkea field.

If LNG imports from the US are a 'priority', why not drill for Irish gas in Irish waters?

ByRICHARD CURRAN

Taoiseach Micheál Martin has thrown a grenade into the debate about importing liquefied natural gas (LNG) from the likes of the US, in a move that is likely to make Hulk actor Mark Ruffalo "very angry”.

With the last FG/FF/Green coalition having shut down the idea of an LNG terminal for years, things are changing very ­rapidly. The concern has been that imported LNG, which would enhance our energy ­security, especially in the event of an emergency, would most likely be fracked. Aside from environmental concerns, we don't have anywhere to store the gas.

Environmental campaigner Ruffalo and many other groups have been opposed to an LNG terminal, and a planning application for a large facility in North Kerry was rejected some time ago. But last year, the courts overturned that planning decision on appeal.

Meanwhile, Donald Trump is running amok, breathing fear into EU leaders everywhere that he will impose huge tariffs on EU imports if the Europeans don't start buying more LNG and military hardware from the US.

We can have a go at buying some guns and equipment for the defence forces, but we may need to start buying some LNG too, if we want to keep the White House onside on bigger economic issues.

We oppose nuclear energy - but we import electricity from the international grid, some of which is probably made in nuclear plants.

The Department of Energy has been looking at ways of storing a supply of LNG for emergency purposes and this is now suddenly being described as a "priority”.

Micheál Martin said at the weekend: "We will have to have an LNG facility of some kind…The department were looking at a floating LNG facility. We will be looking at that and Government will be progressing that.”

A department spokesperson last week told this paper: "Work in relation to LNG is continuing as a matter of priority. We will return to the Government for a final decision on the optimum solution to secure Ireland's energy systems in the coming weeks.”

Perhaps the Taoiseach wants to have something to deliver to the US president on St Patrick's Day, along with the bowl of shamrock.

It makes perfect sense to have some kind of LNG storage facility in Ireland. But we have to decide where we stand on fracking. It might only make things worse, if we construct LNG storage and then buy non-fracked stuff from somebody other than the US. The US is now the largest exporter of LNG in the world.

The drive towards renewables is vital, but we'll also need fossil fuels well into the future. If Ireland stores an emergency back-up supply, we will need to use it and replenish it, as it cannot sit indefinitely - unused - in storage tanks.

This raises a whole new question about our gas ­exploration policy. If we end up buying fracked gas, surely it would be

“If they let EOG and PRD proceed but deny the LU to Barryroe, Barryroe, well imagine the exchanges in the ECT court room.”

I don’t understand the logic of that statement. Surly logic dictates it would considerably weaken any case lansdowne has if not destroy it .

The independents who were interested in Barryroe are not the ones in power.

I think our only chance here is a deal with PRD who can use it as a hedge and leverage against the gov for development of their gas play in corrib south.

I would imagine the revised energy policy is now finished or due within weeks .

I wonder how this will affect us . Will they make other decision as above in the next few weeks re support for further drills in corrib. Is this linked to chairman going

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From Irish independent

The Coalition is making a controversial LNG (liquefied natural gas) facility a top priority, with a decision on the next step due within weeks.

The facility, likely to cost €500m over 10 years, will be the first big investment in a new source of fossil fuels for years and comes despite warnings from scientists that fossil-fuel use must end fast…

It’s a pity there is always a huge spread in these shares , 20% + is a huge disincentive.

It Looks like a coup d’etat is taking place here.

Maybe Brian has failed to deliver Vermilion. PRD are constantly openly saying they have a deal with them but we have always been quiet as maybe we just don’t have one or will have one .

5 months should be more than enough time for BO and WH to deliver ( with share price of 2-3p) or just sell it off . I have a nice stake here ( bigger than WH) and will use them with others here . Big pay , big results or it should be bye bye .

That is unfortunately wishful thinking . Nobody seriously believes it will be reinstated especially as it’s an oil play. And there would be political uproar if a FF led government gave LG such a favour considering the huge scandal in the 1990s with LG , FF and Libya . It’s not going to happen. Look at whats happening with Michael lowery and his is a saint compared to LG

Everything Ryan did was legal . LG has had time to initiate legal action but has hadn’t . Anyway,any such court action could take years and it’s doubtful if the government would be at all embarrassed about it and no guarantee they would lose .

The energy security policy issued in 2023 has been sent back to its authors as the assumptions underpinning its original findings have been shown to be false . Hopefully that report will be completed and acted in by end of H1. That should help EOG & PRD and indirectly Landowne if it’s taken over by either as a hedge.

That is unfortunately wishful thinking . Nobody seriously believes it will be reinstated especially as it’s an oil play.

Everything Ryan did was legal . LG has had time to initiate legal action but has hadn’t . Anyway,any such court action could take years and it’s doubtful if the government would be at all embarrassed about it and no guarantee they would lose .

The energy security policy issued in 2023 has been sent back to its authors as the assumptions underpinning its original findings have been shown to be false . Hopefully that report will be completed and acted in by end of H1. That should help EOG & PRD and indirectly Landowne if it’s taken over by either as a hedge.

Well it’s certainly well hidden between the lines . All I see again is

“The Company expects to raise further funds via the CLN process over the coming weeks as required “ but again with no pre emptive rights .

And then just a regurgitation of options - ( legal action-nobody is buying that idea

anymore ), funding as an investment vehicle ( highly highly unlikely) and finally RTO.

Probably the most likely option via PRD ( who recently raised funds )

So, no I can’t see anything between the lines except the use of “ weeks” and dilution.

As again No mention of giving ordinary shareholders the right to take part in any of the placings.

Makeabundle, that licence is expired . It’s can’t just be re-granted . It would take a legal process . I am not saying it’s impossible with LG money & connections etc but it could take years .

What is “ you know what”?

I disagree . Ryan hired independent financial consultants to check the finances etc. That was the big warning sign. A professional board would have crossed all their Ts and dooted the Is.

Battle,yes it was in its essence criminal and basically dishonest but still legal . It was also sloppy unprofessional performance from Barryroe management that gave him the opportunity to use the 3 times net tangible assets con. The only value I see in this share is if predator or eog use it as a hedge for their licences in corrib.

As shareholders, we are been treated disgracefully. We are still waiting for a proper update . Last one was June 2024 . Since then just constant dilution of shares to the benefit of the chosen few with more to come in the next few months . In reality ,even if there is a successful rto, ( the idea of a legal challenge has always been pie in the sky) it won’t make much difference to us shareholders as our shares have been so diluted.

“ mentioned “

Read my comment more carefully and do your own research . I gave you a clue .. energy security policy 2023? And who meant the manifesto ?

You need to update your knowledge re energy security policy