Member Info for gordon1237

Yes, spot on Ssccss. That was just before the jv announcement. At that time we all thought the drilling of new wells would start in a few months. Now looks like being way over a year.

I really am in two minds. If I were to double my holding at the current price, it would reduce my average from 0.135 to 0.092. I would then " only " need a rise of about 90% instead of 180% to break even. A no brainer some might say, but then of course if it doesn't come good I stand to lose a lot more.

Of course there's always the possibility that Harbour just considered the scheme unworkable.

GW. Stop talking twaddle. The current government is far more supportive of net zero with many billions of support available but for some reason Roland insists this remains a scheme independent of grants.

It's currently 13 billion shares not 23 billion.

Would think they would be looking to farm out at least 50%.

Yes candlestick my mistake. Lost a day somewhere. Lol.

To see what happens to the sp today given that it only had 30 minutes to react on Friday.

Blimey K. Since when have businesses been democracies ?

Six weeks ago

Crusty. This is what I posted yesterday.

" It's only six weeks during the Investor Meet that Roland was asked about progress with the CCS farm out. He said that Harbour had indicated their support of the project which had somewhat reduced the urge of the farm out."

Hard to know what to believe.

All fair comment Espen but I still would have thought if they thought Camelot was viable they would have carried on. ATB.

Hmmm. Sounds like Kelty is floundering a bit with his reasoning on the pull out.

" He added the withdrawal “is no reflection on the quality of the project” as Harbour “could not admit their other projects may be of lesser quality than Camelot given their historic investment in Acorn and Viking”.

Hard to believe they would pull out if they thought Camelot was superior. Sounds like the opposite.

Yes. I also couldn't find much on 64, but would imagine with that number it would also be oil.

Then we get to 73 which we know is gas plus condensate.

The first few workovers are on oil wells.

GW. You haven't upset me. Just don't think this is the place for party politics. Gla.

Yes K. You have to ask why Harbour, even with all their other CCS projects, would pull out if they thought this one was a money spinner. Obviously Wintershall thought different.

Hedge. Yes agreed. I was referring to party politics in this country. GW was just on the wind u

Agree that we should be focusing on Cambay and shelving CCS at least for now. Even if successful it wouldn't be cash positive for 6 to 8 years. Very much doubt it will be put on the back burner though.

GW. Please stop with the political nonsense. We don't do politics on this board. It just leads to acrimony and constant tit for tat arguments.

Can't disagree with any of that Crusty. I recall that a few month ago an engineer who seemed familiar with the subject, posted that the project for various technical reasons was unviable. No idea if that is right but Harbour pulling out makes you think.

Urgency of the farm out