Member Info for Frac

AOK : try reality !!!! Less in more out means higher : but now as it’s not going much lower ( or close your short ) ! Politicians are masters of word not deeds!! There’s spike coming !

R , likely labour may have to rethink their approach !! AB is a loyal sort ( genetics ) but withdraw nom dom and increase epl seems a great way to Spur not jut AB but many others into finding the “ New World”
I do wonder how much wealth , jobs and subsequent taxes are created by this cohort ??

R, HBR could well put that stake up??
Also of note the statement that HBR have 33% capacity for Uk carbon capture ready to go !!! HBR will not want to shout themselves out of that opportunity imho

R , no doubt AB would likely be discussing the SVT carbon capture project in harmony with this announcement if he’d the chance

Good to see you looking in

Ha ha Stevo if your that clever you wouldn't be wasting your time here old son ! Motive is a fabulous game eh ? Anyways have a wee rest over this Christmas weekend and enjoy

EPL likely to be covered by the new gas take off installed during the Magnus shutdown in October!! All this is Algo Robbin Bots taking advantage of the weak !! Time to be like Warren B imho

Seems they have now become experts since 2021:

Did you mean this for integrity : https://www.reuters.com/business/finance/bank-america-unit-fined-5-mln-options-reporting-failures-2022-09-12/

Noticed this a few entries below : https://en.portnews.ru/news/340149/

Gr8 link and further supports my reasoning in staying heavily invested here !! The Algo can go play with itself but all the while AB is creating huge shareholder value through small measures : Magnus Gas and infill oil / kraken proposed drilling , SVT commercialisation of carbon capture ( licence round results due in 10 weeks) and now evidence of their Hydrogen ambitions being kickstarted ) ALL come with varying degrees of public money or Tax incentive I may add !! Hosie will soon wake up to a freshly ground espresso imho !

Landed in October 22 via Magnus workover : Production at Magnus has averaged 11,493 Boepd for the ten months to end October 2022. The planned annual shutdown was completed in 24 days and all major scopes were executed, with the primary focus on compressor maintenance activities to underpin future improved production efficiency. Additional modifications were also undertaken to allow for indigenous Magnus gas exports of up to 20 mmscfd.

Following the successful completion of the North West Magnus infill well, early production rates have been strong, with average Magnus production during October of c.17,000 Boepd. Accordingly, the Group is progressing plans to drill a water injection well in the first quarter of 2023 to provide pressure support to this well.

Production figures ??
http://abarrelfull.wikidot.com/magnus-oil-field

Yep it’s all coming out of Drax and their biomass unit !! Ship brown woodchip half way around the world and burn it in Uk !! Very planet friendly with squillions in subsidy and chucks out plenty of C02

Lib Dem MP this morning dissing the coal mine claiming steel making now using renewables and spouting forth on tidal energy efficiencies on the Cumbria coast !! Must have failed his Math cos you’d need a few hundred of these : https://www.cnbc.com/amp/2021/07/28/worlds-most-powerful-tidal-turbine-starts-to-export-power-to-grid-.html

https://www.enquest.com/fileadmin/_processed_/d/7/csm_ENQ_002_NorthSeaPipelineMap_Final_229f44811c.png
Personally think this is where AB sees increasing value .. carbon capture within the svt facility extending tax breaks whilst infill Magnus and kraken wells support extra gas and oil extraction

Clearly in focus : EnQuest Chairman, Gareth Penny said:
"I am delighted to be joining EnQuest at this exciting time in the Company's development. EnQuest is a transition company, being a proven leader in late-life asset management and has an exciting opportunity to repurpose assets and deliver on its decarbonisation ambitions. I look forward to working with my Board colleagues and the management team as we implement EnQuest's strategy

Europe about to face its first test with 2 weeks of sub zero twinned with lite wind ! UK with 14/5 days gas will have to turn on its coal and oil!! Best get starmer and the just stop bourgeois off their pedestals to shut them down so we can all experience the delights of Heath's 3 day week

Therapist are there more opportunities for gas extraction at Magnus??

Algo been playing with itself all day !! Now update is out of the way wonder if AB will upset the Swedes who seem to sell am and collect pm