Member Info for getafgrip

The Valaris 123 is probably crewed by Valaris staff then - and whoever the drilling crew is, they would be another potential source of information leaking out.

Rot - Yes, its really disturbing the market sees no upside in betting on a positive outcome! Formal results will take time, but how the situation looks at this point is probably no big secret with Shell, OneDyas, Dana and Deltic Energy staff all involved in this project.

Interesting - so was she the founder or co-founder of Darktrace, and only a mere "employee" at Autonomy:

"Gustafsson, one of the best-known figures in the UK tech industry, founded Darktrace in Cambridge in 2013 with backing from the late billionaire Mike Lynch’s Invoke Capital."

"Like many of Darktrace’s management and key staff, Gustafsson, who co-founded the firm when she was 30, was a former employee at Lynch’s software company Autonomy."

The Halifax after much prompting told me the Thoma Bravo acquisition funds would arrive on the 15th October. Also again after prompting they said that they had opted for the funds to be received in GBP, which I had requested but received no reply, at Thoma Bravos's expense, again after prompting.

Thoma Bravo had to prove it had the funding to acquire Darktrace, so who has held Darktrace share holders money for the last fortnight. The usual expected chicanery, but overnight money markets win the day!

Realistically Selene is Shell's drill, Shell's majority risk, reputation etc. Hopefully it meets or exceeds expectations.

Politically, all the cards were stacked against Deltic. Milliband cannot shut down the NS in the life of a parliament, but he can make life very difficult for all of the players. It is just a big question-mark for now. Shell has been given the OK to drill. If they are successful will they be prevented from extracting the oil and gas commercially - I doubt it.

DP - I have a mind-picture of the drillers stood around the hole, with a gusher of black sticky gold, spouting up and covering them! Or, a typhoon of gas launching them all into the air! You are right if something big happens, surely something information-wise will be released to the long-suffering shareholders.

My biggest worry is that there is no sign of anyone in the market buying heavily, driving up the share price, and effectively seeing DE as a great bet on imminent success.

Even worse would be apologising to Cuckoo!

Unfortunately, around 3-weeks until the conclusion of drilling, then continued forensic analysis & commercial assessment, then finalisation of report, combined with decision on release announcement & date to be made by Shell!

Oilprice. com view:

https://oilprice.com/Latest-Energy-News/World-News/Oil-Prices-Tumble-4-as-Demand-Fears-Override-Middle-East-Risk.html

The reality is that BP is heavily invested in a pigs breakfast of renewables. On law of averages there will be some winners and numerous losers. It is not currently crystal clear which will be the winners & how profitable they will be, or when.

It is effectively a scattergun, hope for the best. strategy. As HI100 says it is a major distraction away from core business, expertise, & profitability, which is not even currently entertained by the likes of Exxon etc. It concerns me a little that renewables divisions are jettisoned at fire-sale levels, but it is far better to embark on a cohesive, well-understood, focussed strategy, that delivers for shareholders expectations.

Wael Sawan has stated that Shell will be interested in renewables at some point, but will enter at scale. If the BP board is not bright enough to develop an appropriate strategy of their own going forward, they can do worse than copying the strategy of other key players.

Really caught cold by the significant depression of the OP, probably due to recessionary fears, and the imminence of the US Election, in tandem with the demand for cheap gas prices.

The OP is now supported by events in the middle-east, but it has not spiked up to the level of previous highs in spite of escalation. Maybe now a spiking OP will be based on threats to supply actually happening - closure of the Straits of Hormuz, attacks on Iran's oil infrastructure etc. Or, the likely big retaliatory attack by Israel on Iran, also an attack on Iran's nuclear facilities - Israel, the US and Western allies will not allow Iran to develop nuclear weapons!

But at least the OP should be buoyant until recessionary fears start to fade, and the impact of interest rate cuts, Chinese reflation measures etc start to gain traction & increase oil demand.

start tomorrow & will probably be adjourned pending the outcome of investigations. as with the stephen chamberlain inquest, which has been adjourned as police investigations are ongoing according to the coroner.

a straightforward naturally occurring tragedy according to "*****-brain" though! the analytical skills of an amoeba!!!!

OL - Apologies for the unnecessarily harsh nature of my previous post.

OL - The drilling hire for Valaris 123 was 90-days from the commencement of drilling on the 30th July 2024. Shell does not tend to hire jack-up rigs like Valaris 123 and then not use them! Why not busy yourself with a calendar and see if you can work out when drilling is likely to stop!

In the meantime posting dated location data in pointless, limited free access to relevant sites usually only gives you around 3-day old information - pay attention to what MC has stated, if it is within your capability!

Milliband is just a slave to party doctrinaire dogma. Its sad that at a mature point in the NS oil and gas lifecycle, when companies really need government support & encouragement, NS players are hit by increased taxes & restrictions on further operations.

Oil & gas will be left in the ground/seabed, when it could be commercially exploited. And we will just import our energy requirements instead. The economics of a madhouse.

He must have a vision of big steel windmills that are manufactured using pixie dust and rainbows rather than fossil fuels, turning when the wind blows gently & optimally, and powering air source heat pumps in domestic premises and factories. Air source heat pumps that become less and less efficient when the temperature drops & they have to work harder and cost more to extract heat from the air - when heat is needed most. Costs are a multiple of oil and gas traditional boiler installation, so the government has to massively subsidise or pay for installation,

The Middle-east conflict seems to hinge on concerns over Iran's nuclear capability. Will the US and Israel let Iran develop nuclear weapons? NO!!! Israel has previously bombed Iranian nuclear installations and eliminated key Iranian scientists involved etc. Would Iran directly involve itself in the conflict before it is ready? NO!!!!

Https://oilprice.com/Energy/Energy-General/Trouble-Deepens-for-North-Sea-Oil-and-Gas.html

Https://oilprice.com/Energy/Energy-General/Trouble-Deepens-for-North-Sea-Oil-and-Gas.html

The reported destination of The Putford Voyager supply ship is Valaris 123. The reported destination of the Energy Pace supply ship is Aberdeen.

A supply ship leaving the vicinity of a drilling rig is as informative as your guesswork!

Oil up on Middle-East Tensions:

https://oilprice.com/Latest-Energy-News/World-News/Oil-Jumps-as-Middle-East-Tensions-Ignite-Supply-Fears.html

If I was trying to be positive, I still think that Selene and Pensacola were both on the table when Shell negotiated their respective futures.

Also I cannot understand how there is no company or investor wanting to take a punt on Selene at this Deltic SP. After all Shell is! After all Dana came in to do just that!

Most will agree that Milliband is inept & has little understanding of the British economy. But, is he likely to completely kill the North Sea fossil fuel industry in the life of one Parliament? Personally I don't think he can - but he can make life impossible for completely new development by restricting the issue of new licenses for a few years over the life of this Parliament.

Effectively Milliband has probably increased the value of both authorised & currently held licenses that can explore & exploit North Sea fossil fuels. So this has to be a bonus for Deltic. Also what is the flip side of the bargain for Snelling's 6 m shares. Where are they now?

A bit tenuous I know, but where there is life there is hope! We have all taken a beating over this, but there has been nothing that indicates Selene is a dud! Yet!

Milliband predictably sank the business case, then Sneller with only a month to go before Selene drilling completes bails out of 6m shares. There are shares with rosier outlooks & it seems very much like Selene is the Last Chance Saloon.

Sneller is close to being an anagram of Selene!

Larry - its certainly joint top influencing news of the day for me, alongside the certainty of the Israeli IDF invading Lebanon imminently.

I'm not really sure whether MBS is abandoning the $100 price target for the OP or the OP price target is abandoning the KSA for now.

But, the OPEC supply cuts were due to expire in December anyway and MBS seems to be sending a message reasserting his authority and bringing OPEC members back in line, and warn the US that shale producers & the Permian Basin will run out of steam at some point, also demonstrating the impact his words can have on the world oil markets.

By comparison, it took the BP thread around 120 posts to "assess" the days events, but it seems to have degraded itself into a superficial self-appreciation society, rather than even touching on areas that involve objective analysis.