RE: Countdown...14 Aug 2021 19:08
That is very nice Bezzer and Jim Ratcliffe has an eye for world class assets with a high return.
Ineos and Petroineos have recently signed a memorandum of understanding to be part of the advanced Acorn Project which is Scotland’s first carbon capture and storage. I watched a presentation a while back on the plans for existing pipelines/infrastructure to be used and for the Acorn project to be extended to the Humber and Teesside regions. I am sure Mr Ratcliffe , who went to school locally in Beverley is very aware of the West Newton Oil and Gas potential.
Jim is not bothered by opinions from the likes of greens who chase away investments and therefore stop new technologies being advanced, but is quite the opposite and makes his own mind up.
He does view some of the UK's energy policies as a shambles with coal closing and he sees wind power as an act of god. He shakes his head at shale extraction policies in the UK when rightly so he states that America have drilled millions of wells. Also, he does not understand why we pay so much for gas to be imported either therefore to have a major gas discovery under his own home soil I am sure would really excite Jim. And if anyone has deep pockets, it would be Jim.