Member Info for Frazerjohn

Unfortunately, there is no way Labour is going to change it's stated policy in the short term.

Sunak's line of attack on Starmer has been that he has flip flopped on policies so many times that the public can't trust him.

No way he'll ditch the stated figures prior to the election, nor for the first few months when they will (undoubtedly) be in power.

Surety - thanks for posting

Caught the Stifel Article on Twitter yesterday by some Westminster hacks.

In summary, Labour's Ed Miliband and chums want to be green and cut CO2 emissions and raise tax for free Rainbow Lanyards and Stickers for everybody to put on their bikes. (these can also be burned of a morning to provide much needed warmth when the Windmills have given up the ghost).

Stifel (an adult) enters the room and informs them that there plans will:

Lower capital investment by £20 billion.

Reduce spending by 30 billion.

Lose 100,000 skilled jobs.

Require the UK to up it's imported gas share from 55% at present to 80%.

This results in our carbon footprint (ha ha) and CO2 emissions (those made up figure that no one can challenge) will increase by 35 million tonnes!! (or maybe 20 tonnes or 500 million tonnes - can't find the measuring equipment, meters or whatever it is they use on Amazon or the internet anywhere)

What a great policy!!

Seems like a sure fire winner to me.

Seems also the a brain is a protected species in Westminster, kept somewhere in a drawer beside the nuke codes.

Off to design a Carbon emissions meter today.

No idea what's involved. No idea what nonsensical numbers it will generate (with CO2 emissions after). No real idea what it will look like, although thinking along the lines of an Apple Watch.

About to apply for a grant for a few million quid to develop my idea - heck they give incentives for building windmills.

Might sell some shares in my start up if anybody is daft...I mean astute enough to see the benefits to the environment (and to my bank account) NOTE TO SELF - don't say the last bit out loud in future.

Reminds me of the guy who got an Arts grant from the Council to showcase the Construction Industry Skill set and built himself a garage with the proceeds.

Council got their knuckles battered for that one, but the incompetents are still always there wasting our money. (for reference, see the Post Office).

"Throughout JOG's history, a key part of our strategy has been to identify and evaluate low cost, early-stage entry points into energy investment opportunities with the objective of adding value through maturation. Through our work on the Buchan redevelopment project we have forged important relationships with major players in offshore wind development. As a result, working alongside these sector experts, we are evaluating the Jersey Government's potential interest in creating a utility scale wind farm in the Channel Islands"

Not for me, thanks.

Running cost in excess of £ 3 million.

I was okay with continuing the Management Payroll for most part of 2024 if they were working on the FDP towards a sale.

If it's to investigate putting windmills up in Jersey then I'm not in favour and will be voting against any Management bonus'/ pay rises.

If you believe in this global warming, net zero nonsense, I have a moon ladder in my garage for sale.

Just extend it out and a few steps later, you're the new Neil Armstrong....honest.

Well said Dick

I have to suffer both Westminster and Holyrood.

There would be no point sending a letter to Holyrood, unless there was a section for the MSP's to colour in.

They struggle with basic Arithmetic as well.

Probably a good idea to pour boiling water (heated from a sustainable source) over the whole place.

You may well come up with a new flavour of pot noodle.

Our lot are getting bored with destroying the North Sea Oil and Gas sector (albeit they are still going to fund independence though oil revenues - aye, right) - they have now decided to put the boot in to people with wood burning fires (quite a lot of the Highlands and Islands)

Burning wood is now apparently off limits, albeit up until a few weeks ago, biomass was the "in thing"

The brains in Holyrood (you could fit the inside an empty aspirin bottle and still have some room) have no idea how to grow an economy.

When it comes to taxing or banning things, well, hold their jackets...nothing is off limits.

Free speech is now illegal up here. If somebody up here gets hurt feelings over something you say, you can get a police record...the best of it being the police don't need to tell you that you have a record. You get that nice little surprise if you go for a job interview, or for a visa to travel somewhere and then learn that you are a criminal.

I'll probably get arrested for posting this.

Sadly, it isn't funny anymore.

Edinburgh, the Athens of the North. Not now. It's the Tehran of the North.

.continued .... Con(struction) Man

From their website.

https://www.nstauthority.co.uk/news-publications/nsta-convenes-collaborative-workshop-on-platform-electrification-to-cut-north-sea-emissions/

NEO attended and presumably did a presentation.

I think we all know that the JOG/ NEO/ Serica GBA development has been ticking these boxes for a few years now.

All the gossip from the loony bins at Westminster and Holyrood seems to be how much can we tax Companies to meet net zero (whatever the heck that means).

How about reducing the tax take from Companies who are complying with this net zero big idea? (if that's what it is really all about, which I doubt).

Where are their proposals?

Why aren't oil and gas fields - existing and proposed - scored based on their emissions for tax purposes?

Everybody seems to be talking about and can come up with a CO2 figure (funnily enough, nobody ever says your CO2 figure is wrong because, well, it's all just nonsense)

(for any MP reading this and is hard of thinking, that would mean a lower emission rating would result in a lower tax band - just for the avoidance of doubt).

However if "them's the rules" for this new game, we probably have to play by them.

One reason? - it's all utter nonsense and just a cash cow for the feckless and inept who rule us (certainly don't lead us).

This carbon footprint garbage is everywhere.

A whole industry is being manufactured to pander to this idiocy.

Construction projects! - what is the carbon emissions rate for a m3 of concrete/ m2 of brickwork? Suppliers - how far did your lorry drive to deliver the plasterboard? What were the emissions per mile?

The cost of building projects are being measured in millions of pounds....and also CO2 emissions.

Firms have jobs calculating/ guessing this figure for some reason or another....so that somebody else can parrot off a meaningless CO2 figure to a Government body that nobody either understands or wants to understand, but makes folk feel good (I think).

What is real about the operation is that a firm is submitting a large invoice for providing the service and adding to costs for no end.

If you have a relative struggling for employment or a business idea, suggest being a Carbon Specialist.

Good money, good hours (crime doesn't pay, but it's good hours) and you c an pretty much make it up on the hoof.

Couple of spreadsheets, coloured pie chart here and there, fancy folder, email footer with Carbon Specialist in bold letters (ideally with a logo of something official looking) and Hey Presto ! - you have arrived and can issue meaningless invoices with some pretty big numbers on them...in both £ signs and CO2 target figures.

If possible, it is always a good idea to give yourself an award like "Carbon Champions and General Good Guys 2024" to make you look super official.

ATB - Frazerjohn Investor In People; Carbon Champion and General Good Guy 2023/24 and also 25 to save on reprinting the stationery; Swine Flu Consultant; Bird Flu Consultant; Ebola Advisor; C

I take it that the next "bit of news" we should get is the confirmation of the Serica Farm Out proceeding.

I see from the NEO Environmental statement that was expected in January.

Now February, so hopefully fairly soon.

Two noted.

https://www.nstauthority.co.uk/media/hftpmq4w/33rd-licensing-round-tranche-2-awards-by-administrator.pdf

Good for you Donkey.

If the Brokers are close to being right, we may see £ 7 per share. (for me a seven fold increase, more or less for others).

All the hard work has been done by AB and the team.

Me. I've done nick all other than invest.

Tell you what to do - go and set up your own oil company and build it from something out of next to nothing, with all the time, effort, energy that involves and run it for a basic salary with no bonus, and no incentive to succeed.

Perhaps even insist that you and your fellow Directors sit on spikes instead of chairs in the board room for the temerity of trying to build a successful business and it's associated rewards.

It's a multi million dollar (if not billion dollar business), so expect remuneration to be high.

IF - they deliver.

So far, they have achieved a great deal for JOG, and I think it will get better.

You don't, hence you bailing to invest in a charity or something where Directors possibly might eventually get paid the minimum wage - whilst making you a fortune. (check other business's in the city - it's the going rate, like it or lump it)

I repeat, I believe investors will make good money here and If AB and the like deliver, then good luck to them for their Salaries and Bonuses.

If they don't, well more fool me, and a visit to the AGM to vent my spleen.

However, at the moment, they are doing (to my eyes) everything they set out to do (and a bit more).

Just takes time, so patience is required this year.

Let us know how you get on.

Well done AB - showing his faith in the Company, even if the market isn't responding.

Easy to criticise Management, but in a balanced world, praise should be handed out when due.

This purchase is praiseworthy and hopefully leads to a several fold return for him.

JOG Isn't going to be around very much longer.

It's just a case of what the offer is.

If a hostile low ball offer is made, because of the nature of the shareholding and lack of II, it will in my opinion fail.

Again, in my opinion, the Board will have had talks with potential purchasers and have a pretty good feel of what will be acceptable (to the JOG board).

Will it be when FDP is submitted? FDP Approval?

I'm going for FDP submission - minimum £ 5 - hopefully a fair bit more.

Good news.

Mr Benitz has no doubt learned that every word, comma and full stop is scrutinised and will now be ultra careful in any wording he issues (we all remember "certainly"

From this RNS

"In line with JOG's stated strategy to farm-out a further interest in the GBA licences, it is targeted for the Company to ultimately retain a fully carried 20-25% interest in the Buchan re-development."

There is no way he would re-iterate that point at this stage if he wasn't satisfied that that is the outcome.

No way.

They haven't been sitting idly at their desks waiting for this news to drop (like us).

Undoubtedly a power of work going on, no doubt now nearing fruition.

May land on Monday, maybe 2 months - doesn't much matter now.

I'm pretty confident we will have at leas t a 20% free carry, if not more.

From the Spectator.

"Sunak’s new oil and gas licences face a fight against the odds:

If banks won’t lend to oil and gas companies due to GFANZ membership,

and funds won’t invest in them due to NZAMI membership,

and insurance companies won’t underwrite them due to NZIA pledges

and the government continues to tax them at 75 per cent,

then the chances of the government’s new oil and gas licences being developed seem exceptionally low."

From Twitter

The windfall tax was imposed by Rishi Sunak last year, then extended to 2028 by Jeremy Hunt, in Nov 2022. Taking headline rate of tax paid by oil and gas companies on their UK operations to 75%.

At the time, the Treasury predicted the tax would raise almost £42bn.

In March 2023, the OBR expected it to raise £26bn, a 40% drop from the original forecast.

In May 2023, Analysts at Wood Mackenzie said it could be just £16bn, 60% lower than first predicted

Graham Kellas, Wood Mackenzie’s head of fiscal research, claimed the windfall tax was badly designed and had ended up hurting the sector.

He told the Financial Times: “The Government’s prediction of how much they get over the entire period of the windfall tax is going to be much less, whereas the money that they’ve spent — that these taxes were designed to cover — has already largely gone out the door.”

Anyone with a brain less than the size of a dried pea surprised?

HI Dick

Agree with all you say.

Being based in Scotland, my political view starts in the Joke Shop that is Holyrood, where we have the most incompetent people imaginable in power - SNP with all their police investigations and several Green MSPs who hold the balance of power.

The policies are there for all to see.

No new road building (deaths on the A9); no car ferries; Gender Reform Act; a completely flawed Bottle return scheme; and North Sea Oil and Gas.

The SNP/ Green Coalition are against any new oil Licences (and the Greens want to shut them down tomorrow).

Magically, their fiscal projections for a Successful Independent Scotland include Billions from Oil Revenue ??!!?? - (line a couple of pages in your manifestos lads and see how utterly daft you are) - yet they have managed to get away with it.

No brains required.

The Gender Reform Bill where Men can say they're a woman and go in and get changed with the girls netball team, was passed with flying colours at Holyrood - despite 82 % of the population being against it.

This policy has sparked real anger up here, and for the first time in 14 years in power, I really thought (and still do) think it will bring the shower of clowns down.

Banning Oil/ Gas Licences loses the entire North and East of Scotland as well as areas around Grangemouth.

Open goals to kick the coalition of chaos out, right?

Nope.

Labour supported the GRR Bill on advice from the Westminster Party.

They have also supported the Westminster Labour Party line on Oil and Gas.

The only party to oppose this nonsense is the Conservatives, who, believe it or not, are to toxic up here because of Margaret Thatcher (who was Last in power 30+ years ago, when a lot of the voters weren't born).

So we are a t a complete loss.

Labour will really struggle win a majority without 30 plus seats in Scotland.

Based on their stance on Oil and Gas and the GRR fiasco, they won't be anywhere the vote share they need in Scotland.

Something has to give - and hopefully it is the utter nonsense of a death roll North Sea policy and a perverts charter.

I have my doubts - common sense is needed, and there ain't much of that in the corridors of power at the moment.

Https://twitter.com/TalkTV/status/1665637550168625152?s=20

An idiot speaks.

Hope you're right ALGU.

From the Farm Out RNS

"The Company intends to farm-out additional equity in the GBA licences in order to ultimately retain a 20-25% carried interest in the development following FDP approval"

Does the Company intend to farm out following FDP approval? OR

Retain 20-25% following FDP approval (the resultant position although Farm Out could happen at any time)?

My desk was out in the corridor at most English lessons so I'm no expert.

Would a comma make any difference?

Also

"The Company will be working in partnership with NEO to select the preferred development solution, having confirmed a short list of attractive options for the GBA which utilise existing North Sea infrastructure"

Hopefully this makes things quicker and cheaper, particularly if a phased approach is still in the plans.

Bonjour. (I wasn't in the French Class more often than the English one either)

Wed 26th April 18.35 - you hadn't sold a single shares
Tues 25th April 10.15 - "I tried to sell 100,000 shares this morning but the MM were offering me a very low price so dumped 55,000 ."
Tues 25th April 12.08 -" I’ve dumped another 35,000 shares . Fill your boots with cheap shares . Tell you what you can have my left overs."
A self confessed Market Manipulator and a proven Liar.
So dense you need your own solar system - tell you and your hubby and the rest of your wee gang to at least try and keep up with the narrative - "Come on now, we are either all selling or all adding - the posters on the board might think we're being stupid and are in danger of being rumbled." (Editors note - you were all rumbled on Day 1 - my reply to you on 16th March 2022 - the day you and your chums infested this Board "JamesSimon - you've recently invested in a Company and don't know if it has any income.
No explanation offered, but some free advice.
Don't go near any busy roads without an adult with you.
You're welcome."
Plus ca change.