PYX Resources: Achieving volume and diversification milestones. Watch the video here.
If we can that phase 2 GSA signed and know some of the finance details, timelines, partner (s) then we are off to the races..
The new PM has not come in just for a small LNG project, she has been brought in to manage phase 1 & 2 in my opinion..
Due to price of Gas, I would have thought there would now be a real rethink on where prices are going and its only up, especially if there is not a regime change ion Russia and the status quo is maintained.
I can honestly see big things coming our way now in the next 6 weeks. I would trade any return from SOU for peace in Ukraine but I fear it will drag on for some time. I think there will be a lot of interest in our acreage now, energy transition has been put back by at least 10 years with what's going on..
One other thing to add, if we do find a good oil column and its of good size and flow rates then, at current prices EME could go well over a pound +in the next couple of months. The Chinese will be all over it in a flash..
Its a good point hallowed and why I have consistently banged on about the delay. If we have to do another placing because of higher drill costs then this is not acceptable.
If delays to the schedule were the fault of the company then increased costs might come into play, however our saving grace is weather, something we cannot control so as long as the drill contract is sound, we should be OK. Stick that in your Yorkshire pipe Gzaza1998...I have forgotten more about O&G than you will ever know little man !
Chaps,
I will reply to your comments below, it will be my last post on the matter. Despite what you say, SL will never be sanctioned, it’s far too costly, many reasons, the main ones being remoteness, cost of infrastructure is too great, environment etc etc..
Ovets,
I have been living in the UK, although now working on one of the largest Oil and Gas projects in the world.
Tony was paid to promote the company; SL was going to be sold on but due to its complexities maybe they could not find a direct buyer!!!!
I get what you are saying that it all boils down to money, however, even if SL were sanctioned today, you are still looking at 3-4 years to production start up, maybe longer for first oi and nobody really knows where oil prices will be then. To much of a financial risk, why do you think BP, Shell or other large companies are not scrambling all over it.
ExMachina,
You only lose money of you sell and I have not sold but thanks for caring.
I do not really have anything to say to you as you have not contributed to the conversation other than to be derogatory.
Mogg,
You have no idea what you are talking about, a project of this size is incredibly challenging. It is difficult enough getting people to the area, let’s say that is a break breakdown of a process train, a pump blows up, let’s say there is a fire onboard, do you have any idea how complex it is to address this, given lack of onshore infrastructure. Lets agree to disagree?
Citizen,
I am not who you say I am or is this a joke?
Buzz Thomas,
Pandemic had zero effect on SL getting sanctioned, the decision was taken well before this.
Mirasol,
Comparing the southern Atlantic to the UKCS is like comparing apples and pears. Simply not the same for a hundred reasons.
Muchaboutmoney.
Quote:
“Personally, I would be shocked if Sam and Co don’t start to see a steady stream of interested parties looking to farm into Sealion over the next few weeks and months. From zero to hero as they say.
With Ombrina Mare imminent the next 6 months could deliver all that we have dreamed of and more.
The oil majors pulling out of Russia and needing to find new areas ripe for production in a low tax and politically stable environment will struggle to find a more appetising morsel than a ready to go Sealion.”
There is so much wrong with what you have said, who is Sam?, and if you think that a major will be looking at sealion over the next weeks and months shows how little you know. Maybe you are trying to convince yourself, or others, either way you a deluded.
Summation, I would love to see the SL sanctioned but it would be so costly. RKH is around 40 million market cap, and you honestly think it is in a position to sanction a project which would cost upwards of 1.5 to 2 billion dollars, wait until I pick myself of the floor.
Put simply, SL, in my opinion will not get sanctioned, period. Whilst the world no doubt needs oil, gas is where the big boys want to be. Good luck to all, I hope I am
I worked for PMO for 3 years, I have worked with the PMT for the project, I don't need to read up, I had first hand experience on the challenges faced, including nearly getting arrested by the Argentinian government but that is a story not for this board. Let me repeat from someone with 25 years in O&G, the project is a huge technical challenge, procurement and materials management being two of them. I have worked on 4 FPSO conversions and new builds and just because a company puts a helicopter contract together does not mean that the project as ready to go. Also, 100 people on a major capitol project such as the SL is small and was only overseeing the FEED study. Believe what you will, SL is years away, if it get done at all....FACT !
The SL project is fraught with technical & financial challenges, political issue with Argentina, remoteness of work, lack of onshore facilities the list goes on. PMO walked away from SL because of this, I personally think it will not get the go ahead, there are better fields to be appraised despite the size of the field..
Just another way for the BOD and there mates to strip more cash from investors !