Member Info for Greener101

New catalysts:

1) Scope 3 barrier cleared

2) EPL change post 2030

3) FPSO re-contracted

4) FID (seeing a big influx of cash to JOG)

......... 5) First oil mid 2029, 6 months before Reform or EPL change. En route to that, Serica and Repsol have had 3 years of CAPEX they can use to partially offset EPL

If current polling is played out, Reform win by a landslide result in the next general election. Reeves will set out some spending plans next week on Wednesday. The economic situation is dire. The left is in charge.

When the consultation result comes, it will include a better tax result after 2030, but no early rescinding of EPL. Buchan will get through scope 3 (they have told us Rosebank and Jackdaw are ok). Drilling ban will hold for this Gov. IMHO.

Repsol and Serica will get on with it. First oil a year before EPL finishes, but with the whole of GBA to drill maybe under Reform.

Anyone disagree with this analysis? What can't continue is a majority of the country being held to Ransome but legal warfare but Green lunatics which the majority don't agree with.

Happy Friday everyone

Well we would still get the EPL duties and probably the economic benefit. The only people shafted would be shareholders (and bond holders in Waldorf's case!). But government doesn't care about nasty capitalists.

CHF - the results of the consultations.

.... Sorry to get into this territory but the news isn't out and people are loading up.... Exciting stuff

Malcy has come out of the woodwork to give JOG a nudge onwards, not exactly cheering but hoping...

https://www.malcysblog.com/2025/05/oil-price-jersey-oil-gas/

He's posted a little on X. I expect (like many others!) he's awaiting the outcomes of the two consultations (the second of which closes midnight tomorrow).

'Twill be feast or famine as a result...

I spoke to an ex-Waldorf person about this (I hoped JOG could maybe snap one off). Apparently there's some complexity about hoovering up assets. You can't sell off the best ones / create a good co/bad co. Not something I understand fully. Related to decom liabilities maybe. Someone with more knowledge can maybe elucidate.

Agree mightily. Although if only tankers could use diesel! Our 'green' LNG and oil coming in ships from countries far far away burn heavy fuel oil. perhaps we should 'carbon capture' this and pipe it into the bedroom of Red Ed.

...has most definitely sprung... and no results from the 'consultation'. What's going on? So much news flow supportive of a more practical approach to net zero - energy security is screaming out as an issue after our Iberian friends. The the new less global economy, tariffs and shotgun negotiations. A dangerously stammering domestic economy - the Gnomes of Zurich getting a mention. Something's gotta give! My take is that Miliband is doubling down simply to mark his card as a planet saviour; he'd rather go down with the net zero ship to save face round the dinner table in Primrose Hill. He'll go on to an NGO or non-exec at Patagonia or something.

It's against AIM rules to without information that would materially affect the SP. They must be waiting for results.

For every buyer there's a seller....

Good heavens JS. Keep 'em coming.

Einbert - we must sup some of that buckee when the day finally comes.

Maybe get the Happy Eater brand launched again with all the board's winnings. Fried bread anyone?

What's happened here? Up 23%?

Quite a few factors on why higher oil could happen via geopolitical route, some argue Trump incentivised to do so...

"Oil prices jump more than 2% as US considers curbing Iran’s oil exports

Oil prices settled up more than 2 per cent on Friday after US energy secretary Chris Wright said the country could curb Iran’s oil exports as part of its efforts to prevent Tehran from developing nuclear weapons.

Brent crude, the international marker, settled up 2.26 per cent at $64.76 a barrel, while West Texas Intermediate, the US benchmark, settled 2.3 per cent higher at $61.50 a barrel. Friday’s moves ended a tumultuous week in oil markets as investors assessed the impact of a US-China trade war on the global economy.

Wright’s comments on Iran caused oil prices to rebound from earlier losses, as markets considered how US action against Iran could reduce global oil supplies. Wright is on a two-week trip to the Middle East.

Hi DU, where did you see Murray admitted flaws in release mechanism?

Great info many thanks alsoppc.

Tomorrow!

Speak too soon JS! All is forgiven!

Just so crazy that Brent can drop through the floor, but as Natural Gas is still above 54p a therm (currently 89p) we are mile away from the WFT exit mechanism triggering.