RE: Loxley6 Aug 2022 11:44
ocelot
You may or may not have noticed that certain parts of what SS said to the Planning Committee never made it into the Appeal Submission by SS. This is what he submitted;
"3.3. The nature of the project is detailed at paragraphs 2.16-19 and this establishes that it has a very reasonable chance of proving the Deposit to be commercially viable, with a POS of 60-70%, a typical range for an appraisal project in a conventional anticlinal gas accumulation within a sandstone reservoir (see paragraph 2.7 & Figure 2 for technical definitions).
3.4. Using all available technical data (see section Primary Objective - Loxley Portland Gas Deposit at paragraphs 2.21-34) the Deposit has been assessed to be of a significant size by a third-party Competent Person, Xodus Group Ltd.9 The entire Deposit is estimated by Xodus to contain mean case recoverable resource of 44 bcf and an upside case of 70 bcf, with approximately 78% falling within the Appellant’s Licence. This would make the Deposit the second largest gas accumulation found in the UK onshore’s history. With the adjacent licensee’s permission, some of the Deposit’s gas reserves lying within the adjacent PEDL235 could also be recovered.
3.5. UKOG’s latest internal recoverable resource estimates are very similar, 43 bcf in the base case and 68 bcf in the upside case. Our estimated base case production rate of approximately 4-5 bcf per year from 4 producing wells at the Loxley site would produce an energy equivalent, assuming a 50% efficiency factor, to generate electricity to power over 200,000 homes per year (see paragraphs 3.8-9 below), a meaningful regional project size."
You will notice the words ;
"As the second largest gas accumulation drilled and tested in the UK onshore" and
"provide up to £30 million/year in gas sales to hydrogen manufacture"
are all missing from the latest missive on Loxley e.g.
the appeal submission.
I have no problems with them thinking of it "As the second largest gas accumulation" or "Loxley’s potential peak
gas supply would have an energy equivalent to power around 200,000 homes per year" as that could be possible given the figures in the Xodus report even if I don't believe it myself.
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