Member Info for Ibug

ocelot
What you fail to mention is what they mean by that.

"Major infrastructure projects such road improvements and offshore wind farms will be delivered more quickly through a new fast-track planning route."
"Major infrastructure projects such road improvements and offshore wind farms will be delivered more quickly through a new fast-track planning route...."

"New powers will mean shorter deadlines can be set for examinations of Nationally Significant Infrastructure Projects – speeding up decisions and getting projects built more quickly. The relevant Secretary of the State – for example for Energy, Transport, Environment or Levelling Up – will decide whether to put the shorter deadline in place.

This also means decisions on smaller (non-material) changes to projects that have already been approved can be made much more quickly – currently these can take up to 16 months, sometimes causing significant delays to delivery."

No mention of O&G or SCC in the areas they are looking at like "Fast track consenting" and "Faster post-consent changes".
Don't believe everything you read on here.

The expert is very good at posting any story that has a good tile until you actually read what is says and more importantly what it doesn't say. I wonder who he learnt that from.

It's all promises and promises until someone actually delivers something of substance.

The cheapest share in AIM Fossil Fuels sector.

Share Price Volume Change Low High # Trades
Uk Oil & Gas (UKOG) 0.081 65,706,430 0.00% 0.08 0.081 70
Baron Oil (BOIL) 0.11 149,863,304 -2.22% 0.105 0.115 141
Tower Resources (TRP) 0.22 7,536,647 1.15% 0.215 0.22 11
Oracle Power (ORCP) 0.225 12,837,028 0.00% 0.21 0.225 14
Scirocco Energy (SCIR) 0.25 1,189,180 0.00% 0.25 0.25 7
Echo Energy (ECHO) 0.255 8,178,790 0.00% 0.255 0.255 6
Nostra Terra (NTOG) 0.263 2,000,000 7.14% 0.24 0.263 4
Reabold Resources (RBD) 0.27 186,218,077 -14.29% 0.24 0.32 132
Coro Energy (CORO) 0.28 12,382,330 1.82% 0.27 0.28 10
Lansdowne Oil (LOGP) 0.55 2,296,308 0.00% 0.55 0.55 8
Adm Energy (ADME) 0.75 0 0.00% 0.75 0.75 0
Empyrean (EME) 0.9 3,440,759 -11.33% 0.9 1 19
President Enrgy (PPC) 1.125 50,000 0.00% 1.05 1.125 1
Quadrise Fuels (QFI) 1.22 564,250 0.00% 0 0 6
Sound Energy (SOU) 1.31 3,229,696 6.50% 1.31 1.31 21
United Oil&gas (UOG) 1.525 219,055 0.00% 1.525 1.525 6
Block Energy P. (BLOE) 1.875 3,791,512 0.00% 1.875 1.875 9
Angus Energy (ANGS) 2.1 28,791,191 -1.87% 2.025 2.125 213
Plexus (POS) 2.15 0 0.00% 2 2.15 0
Europa Oil&gas (EOG) 2.2 15,661,518 -3.30% 2.2 2.2 100

That is 3 days on the trot now.

52 Week Low 0.08
52 Week Low Date 23-Sep-2022

A number of 25m sells today (at least 4). I'm surprised our resident experts haven't said anything.

52 Week Low 0.08125
52 Week Low Date 21-Sep-2022

The expert was really trying his best to prove Barchart wrong today.

No. 2 in 2 days would be 2 much.

No one can name an onshore oil field that is being fracked. Ever wondered why?
Ever wondered why none of the top production gas fields have ever been fracked?
Anyone care to guess how many onshore gas fields there are producing gas in the UK? Ever wondered why?

Ibug

Posts: 6,778

Price: 0.084

No Opinion

RE: fracking ban is lifted in UK!!Today 15:02
maqsood7 Premium Member
How so? UKOG does not have any layers below the minimal fracking level that contain oil in any of its UK licences..

Looks like maqsood7 is another member who won't or can't answer easy questions. Another one to avoid like the plague.

that the expert just picks the looney extracts from the papers who will write anything just to get more customers. It is exactly the same with the carp he posts on here which has no truth in it.

The real facts can be found in the seismic study from the BGS

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105675/BEISInducedSeismicityReportOR220501A.pdf

and the gov't. press realease

https://www.gov.uk/government/news/uk-government-takes-next-steps-to-boost-domestic-energy-production

maqsood7 Premium Member
How so? UKOG does not have any layers below the minimal fracking level that contain oil in any of its UK licences..

Parts of BB Kimmeridge are below the minimal fracking depth but not in the layers containing oil.

Surrey County Council does not have a specific policy either to promote fracking or to oppose it. Any planning application for hydrocarbon development for exploration, appraisal or production (whether using conventional or unconventional techniques such as fracking) will need to be considered on its merits and be considered against national policies and guidance and policies in the Surrey Minerals Plan Core Strategy 2011. In particular policies13:
MC2 - Protection of key environmental interests such as protected landscapes (e.g. the AONBs), sites of international, European or national importance for nature conservation (e.g. Ramsar Sites, SPAs, SACs and SSSIs), and important heritage assets (e.g. Scheduled Monuments, Registered Parks & Gardens, and Listed Buildings).
MC3 - Mineral extraction in the Green Belt will only be permitted where the highest environmental standards of operation are maintained and the land restored to beneficial after-uses.
MC12 - Planning applications for drilling boreholes for the exploration, appraisal or production of oil or gas will be permitted only where the mineral planning authority is satisfied that, in the context of the geological structure being investigated, the proposed site has been selected to minimise adverse impacts on the environment.
MC14 - Mineral development will be permitted only where ...the applicant has provided information sufficient for the mineral planning authority to be satisfied that there would be no significant adverse impacts arising from the development.
The issue of shale gas and fracking was discussed at the Council meeting on 15 October 2013 in response to an original member motion relating to potential environmental impacts and the regulatory regime. The motion and minutes can be viewed here * together with a webcast of the debate.

* https://mycouncil.surreycc.gov.uk/ieListDocuments.aspx?CId=121&MId=3237&Ver=4

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1105675/BEISInducedSeismicityReportOR220501A.pdf

There are conclusions to 6 questions.

I feel sorry for the bloke in the govt. who has to work out what the new regulations may or may not be.

Leave it to the locals imo. They are the ones that live there.

As expected. No changes so far and no onshore round.

Part 3 Shale Gas Extraction

We will look to the North Sea Transition Authority and other licensing authorities to be proactive in extending existing consents and permissions where practicable, to support the development of energy resources in the National interest.

It is clear that we need more exploratory sites in order to gather better data and improve the evidence base and we are aware that some developers are keen to assist with this process. We look forward to seeing these proposals in detail.

Part 2 Shale Gas Extraction

The current pause (moratorium) on shale gas extraction was put in place on the basis that HM Government would only support shale gas exploration if it could be done in a safe and sustainable way, and that it would be led by the science on whether this was possible. The stated policy aim was to minimise disturbance to those living and working nearby, and to prevent the risk of damage.

Much has changed, however, since 2019.

In April this year, HM Government commissioned the British Geological Survey to advise on the latest scientific evidence around shale gas extraction, to assess progress in the scientific understanding which underpins government policy, and to allow ministers to consider next steps. Having considered their advice carefully, HM Government is publishing this report today.

The report makes clear that forecasting the occurrence of felt seismic events remains a scientific challenge for the geoscience community. It also makes clear that to improve our understanding we need more exploratory sites to gather the necessary data.

Geomechanical modelling has been an important tool in the United States for this purpose, but requires accurate mapping of sub-surface faults, for which more data is required in the UK. There have only been three test wells which have been explored for shale gas in the UK to date.

On the wider geopolitical stage, Putin’s invasion of Ukraine and the resulting restrictions on gas supply to Europe have impacted on global energy prices and the energy security of our neighbours and allies. This emphasises the need for ‘home grown’ sources of energy to reduce our reliance on imports.

The Government remains committed to net zero by 2050, but we have to get there, and to get there we are going to need oil and gas. And domestic sources of gas clearly have a lower climate impact than shipping Liquified Natural Gas by tankers halfway across the world.

Under these circumstances, HM Government considers it appropriate to pursue all means for increasing UK gas production, including shale gas extraction. The Government is therefore lifting the pause on shale gas extraction and will consider future applications for Hydraulic Fracturing Consent with the domestic and global need for gas, and local support for developments, in mind.

While HM Government will always try to limit disturbance to those living and working near to sites, tolerating a higher degree of risk and disturbance appears to us to be in the national interest given the circumstances described above. With this in mind, it is important that the policy relating to shale gas extraction reflects this. HM government will be reviewing this aspect of shale gas policy as part of a wider reflection on how to better support the industry throughout the whole life cycle of the investment, from initial exploration to large scale production and I will provide an update on this in due course.

https://www.gov.uk/government/news/uk-government-takes-next-steps-to-boost-domestic-energy-production

New Oil and Gas Licensing

We are scaling up renewables, nuclear, and lower carbon energy sources, to boost Britain’s energy security in the long term, and reduce our exposure to high fossil fuel prices set by global markets outside our control. While we do this, there will continue to be ongoing demand for oil and gas over the coming years during this transition, with oil and gas needed to maintain the security of the UK’s energy supply. Making the most of our own domestic resources under the North Sea will make us less dependent on foreign imports.

In light of Putin’s illegal invasion of Ukraine and weaponisation of energy, strengthening our energy security is an absolute priority, and – as the Prime Minister said – we are going to ensure the UK is a net energy exporter by 2040. To get there we will need to explore all avenues available to us through solar, wind, oil and gas production - so it’s right that we’ve lifted the pause to realise any potential sources of domestic gas.

In 2021, it was decided that a climate compatibility checkpoint should be put in place, so that compatibility with the UK’s climate objectives is assessed as part of the decision on whether or not to endorse continued oil and gas licensing rounds.

In December 2021, a consultation on the design of this checkpoint was launched, running until the end of February 2022. A large number of detailed and thoughtful responses were received. The HM Government response, which is being published today, engages with many of the arguments put forward, and sets out the Government’s position on these. HM Government has also designed a checkpoint which takes the responses to the consultation into account; a document setting out this design and the tests to be included in the checkpoint is also being published today.

Having reviewed the results of these tests in the context of a 33rd licensing round, it has been decided that a 33rd licensing round is compatible with the UK’s climate objectives.

The Government understands that the North Sea Transition Authority will shortly be launching a new licensing round for oil and gas exploration. This round could result in the award of more than 100 licences to developers, strengthening the UK’s vital offshore oil and gas sector, putting more UK gas on the grid for longer, and bolstering the future energy security of the UK.

JustBe
How can you disagree with the expert? Don't you know he knows it all even when you are on filter? Not sure what it has to do with last years placings though.

Don't forget only just under 10% of PI's took up the offer of last years placing offered to them at NO discount. How do they expect to squeeze the lemon this year?

I wonder who the expert was replying to. He's a bit twitchy again this morning. I'm supposed to be on filter as well if the reply was to me!