Member Info for Greener101

Https://www.offshore-energy.biz/fpso-staying-in-scotlands-orkney-islands-for-revamp-ahead-of-redeployment-to-uk-firms-flagship-north-sea-oil-project/

- all preparations, surveys, FEED etc is progressing all the time.

- except large CAPEX items which needs clarity on investment allowance.

- I understand the environmental statement needs more work too, as you have to account for the whole CO2 profile (where GBA's is exceptional, due to re-use of infrastructure - it's the best house on the street so to speak)

- Autumn Statement will see clarity on allowances (very likely but not certain)

- Large ticket items, rig contracts awarded and RNS'ed in following months.

- FDP and FID Q1 2025

MunnieTorx a distant bad dream. And probably nowhere to be seen.

I expect he's 'are we nearly there yet' on the loan conclusion... we must get something soon...

Move on, nothing to see here.

Autumn statememt?

buchan101 - i think we all agree that tolerance, fighting discrimination, sexism and racism, creating equality of opportunity is important, but i think it is a legitimate position to question the merits of 'wokism'.

if you feel society has become too woke - you think that excessive tolerance and forced adherence to ideology are bad.

e.g.

- being so accepting, and compassionate, that we sterilised hundreds of *** and autistic kids in tavistock.

- full of tolerance, watching our daughters stand on sporting podiums next to men, having gone through male puberty.

- allow paedophile rape gangs to operate in rochdale due to fear of being accused of racism.

- excessive tolerance that allows uncontrolled immigration which turns a positive into a negative when we can't assimilate them.

- de&i regimes that are expensive, lower standards, and are often instigated by white men who have jobs, against white me that don't, to cover their own behinds.

there are a million examples more we could all name. tolerance and compassion cannot be applied ad absurdum.

in terms of relevance, you have an ideological lab government, killing the best quality blue-collar jobs on the planet, in order to import expensive and carbon-intensive hydrocarbons from dictators. that is wokism at its finest.

i look forward to receiving the familiar insinuations that i am a pos for thinking this.

He's going to be in a bind - they have inherited a horrible economic situation. Unlike Blair. Won't he go slowly at first? He doesn't want a Truss-style crisis. I hope NS tax receipts are a convenient branch to grab on the way down.

I think we want a big Labour majority, counterintuitively?

If there's a slim majority, there will be more trad left Lab MPs, greeny metropolitan types etc.

If a big majority, lots of ex-tory constituencies, with more pragmatic MPs?

We want Starmer free to cash in on the tax revenues, avoid the decom costs, to fund the inevitable spending splurge?

"As you rightly point out, the UK has previously resisted socialism - but that was the past, and this is now"

Your bants is pretty flatulent too

Your verbal reasoning is as deficient as your relevance to the board.

I wrote 'usually' resisted - not 'previously'. Are you forgetting the 1970s?

Also thank you for your flatulent summary of what you consumed on YouTube in the last few days.

Neo up for sale is a rumour only (unless you have a source?)

No sale will be attempted in this period.

Once we have clarity, GBA proceeding would be a an important reason to buy the company.

Vast amounts of writing about the new gov and bad feelings about socialist direction of our little island that usually resists this.

But it's a simpler story - if Lab keep the capital allowance, as per Zeus, the price should go up a lot. If not we are doomed. doomed I tell you.

*a knob

MunnieTorx - how clever you are to point out JOG is going down on days it's er, going down.

DU makes attempts to value the business if the project goes ahead, is all, based on changing variables that are hard to predict.

You offer absolutely no insight or evidence, of having read a report, checked the wording of a manifesto, totted up some numbers, just hot air.

The SP will have a ride up and down until the tax situation is clarified, at which point it will go down a lot, or go up a lot.

Labour has every motivation to talk down the North Sea pre election, and every motivation to keep it going afterwards.

Also you are knob.

There is an implied 30bn fiscal black hole in public service spending cuts that Labour will not want to do.

Delayed projects in NS total 4bn in tax receipts. Accelerated decom costs too.

Lab need this money. JOG is priced at not proceeding! Bonkers.

I agree it's painful for another delay but how will we feel post election, when tax is clarified, and in the Autumn JOB announces a rig contract, and all speed ahead to FID and a giant cash payment? Yes FO longer away, but also maybe further from EPL?

Can't we use the 'extra money through 3% EPL and loophole closing' in the manifesto to infer the probable removal of allowances?

Https://12ft.io/proxy

drag article into that

Agree Limmo1

If the project has no hope, why is Neo still proceeding with all the site work? Orcadian got a great deal with its partner for a 1.4m loan - people are still poised to work in NS for the right projects. WI can sit in a bay somewhere until post election, and the few months it might take to get clarity on tax allowances (until the Autumn Statement?).

Lab will have a choice - do you want 10bn+ in tax receipts from all these stalled projects or not? Do you want to deal with the job losses? Or deal with the election damage by softening on capital allowances?

They will have it both ways. Don't rock the boat pre-election, then do something the industry can stomach post election.

No worries, not lost receipts, no lost jobs.

The manifesto generalises on the removal of allowances. If they clarify which ones, and capital remains, project proceeds.

If all allowances gone, we are ducked.

Urg that graph looks horrible. I'm not really interested in it, or know anything about it, but doesn't look like much stopping it going down from here.

But I look back at previous bottoms, and we were always just before some news that was needed. and then it rebounds.

We may be a while away from that clarification however. Although it could slip out anytime.

I respectfully disagree - once Labour clarify their NS policies, and it's in ORCA's favour, this will move up