Member Info for Frac

With Scottish elections 8 months away he’d better get his message heard as P&J adding to the noise : https://www.pressandjournal.co.uk/fp/news/aberdeen-aberdeenshire/6873117/energy-profits-levy-windfall-tax-oeuk/

FYI if it’s fixed it’ll be off line again soon !! This is looking like a 15% reduction in net serica production if they don’t sort it :? https://www.google.com/search?q=serica+triton+fpso+oil+production&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari

For someone who’d claimed there’s no interest here and wouldn’t post again you are obviously invested in some way … if it’s moral compass your after spend the time here in a food bank helping those that need some 1/1 help !

Am saw BCC leading with wft withdrawal as an essential on reeves budget !! Commentator said there is no windfall and with investments heamoraghing elsewhere RR needed to reverse the £ flow back to NS

H , Hedges on last quarter 25 will support beyond the current price and with 33% 2026 production hedged @ $69 will again support until end 2026 production inc via gas in Asia circa 10kmmb ! The half year report also stated going concern poo @ $40 in their stress test .. so @ that rate serica, harbour & others would be in the same lifeboat !! Tbh I’d be worried about trition as there’s another day without update so by end October could see 12-13% of annual production lost

Think AB didn’t want the headache : https://www.google.com/search?q=triton+fpso+history&ie=UTF-8&oe=UTF-8&hl=en-gb&client=safari&zx=1760384194881&no_sw_cr=1&udm=50&fbs=AIIjpHxU7SXXniUZfeShr2fp4giZ1Y6MJ25_tmWITc7uy4KIeuYzzFkfneXafNx6OMdA4MRo3L_oOc-1oJ7O1RV73dx3MIyCigtuiU2aDjExIvydX85cOq96-7Mxd4KSNCLhHwYIo4RJXEXVWYwYSeCFXG0JdYTLWdGa_I4PyP0BgYGRHNIbdMFbrD_o_GBAZy7NacTQRv9A0riGhTiSFsnEhwxWZgLfo1e6y15rSNs0rVjEZ5dVZZc&ved=2ahUKEwjs0c6U9qGQAxUXUUEAHSzmKNUQ0NsOegQINBAA&aep=10&ntc=1&mtid=8lTtaJTlFaKFhbIP0MGm0Q0&mstk=AUtExfCDKteXaTtUM6l40S-cViy_sOeRb9Wm1AUXlPY6UAnLcR0VjsUnsHLGlJJnEd5eVLcnEeUpp1E5aI271zq2uJxCNWgSyA7hgwNCeek7bCbCOoCWuiryFE_Jo-3ZJlVX9rcg7t1JgIQUhWiPI-_0oAPsvdEVpqaLm37yIshTYaxhSUN93JWSt75nuXDMtqIlnrUspXiFXxF8UMkrlGD90Yti8CWi8EVJw5h-Vf2pA5JICNkpDgp5LZrrfpt2O3jEC263laUgW-4NtjTDdsHb_fhPboNzI40W_MjVHhmu3fKQSumOBnKYit3Yrr8K2qFusYAZd56BbyvhVg&csuir=1

Would agree seem Stevo has a short he’s starting to bail out if so piling it on ! Serica will look very unhappy if their offer is matched by the incumbents ( first dibs) and Triton is looking as vulnerable as it is taking a long time to fix .. AB has some good assets starting to produce in Malaysia so feel the jam is on the way

Likewise

R , just read said piece !! If I'm not mistaken the times are trying to paint a ' Mad hatter' in Milliband ! Personally think Max Headroom is more in tune with the ramblings of said MP

This lacks the fundamental what , when , how but instead gives a shopping list of wants !!

When is this department going to deliver something tangible and meaningful other than Chinese solar on schools and prisons : https://www.gov.uk/government/publications/clean-energy-superpower-mission-areas-of-research-interest/clean-energy-superpower-mission-areas-of-research-interest

Https://www.shetnews.co.uk/2025/10/03/sullom-voe-operator-concern-governments/

Here's a simpler question for milliband, yes or no ? https://www.upstreamonline.com/field-development/equinor-submits-new-rosebank-emissions-statement/2-1-1877612

Https://www.gov.uk/government/news/great-british-energy-solar-panels-cut-bills-for-nhs-and-schools

If this is all milliband been doing over the summer

As I read the report I was intrigued that AB lorded the NS review as a well run consultation which implies participation. Page 4 directly noted Bressay as a tie back opportunity to Kraken with the team looking at Flare gas recovery! Guardian today suggestion Millibrain might link this with existing field recovery and lower emissions .. perhaps clutching at straws but have a look at: https://www.theguardian.com/business/2025/sep/25/ed-miliband-looking-into-more-north-sea-drilling-despite-labour-pledge

LTH will take comfort that some see the potential! EPL will be a conference topic that some will be raising as the Scottish elections approach!

R , I think that’s a direct question that needs to be put to IR … what timescale for the tie back !! I’m not as neg as Stevo but ENQ just treading water so do need epl reduction or deal to move away from the 10-15p range that’s blighting the share

Page 4 R

Celtic Connections mark deux https://www.telegraph.co.uk/politics/2025/09/22/scottish-labour-needs-miliband-change-heart-north-sea-oil/

Delinking!!