Member Info for laserdisc

£0.00280 per offload would be a fair guide for load of 500,000

Https://www.reuters.com/business/energy/totalenergies-uk-gas-assets-be-bought-by-prax-remain-unsold-2025-07-02/

GOOGLE

What Happens to a Subsidiary During the Liquidation of Parent Companies?

seems we could end up being sold off if liquidator thinks its beneficial .

I would vote B and just run with it for now we have possibly got 1p earned but not paid presently from Lancaster oil .

The Prax Group’s UK and European Retail business, Axis Logistics, Upstream and international operations all currently continue to operate outside of insolvency.

Https://find-and-update.company-information.service.gov.uk/company/05245689

filing history shows last accounts in profit

21 May 2025 Group of companies' accounts made up to 29 February 2024

page 47 mentions gl area

6020

https://nstauthority.maps.arcgis.com/apps/webappviewer/index.html?id=984eeea3b1664049b12c02a28478bdaa

Sorry wrong link

Last accounts filed for prax upstream

https://s3.eu-west-2.amazonaws.com/document-api-images-live.ch.gov.uk/docs/zUGgY11EFWd0XmOc1B9fqwkRfeGy-q2lneHZm6Aq8V8/application-pdf?X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=ASIAWRGBDBV3LQUEUEZL%2F20250701%2Feu-west-2%2Fs3%2Faws4_request&X-Amz-Date=20250701T054844Z&X-Amz-Expires=60&X-Amz-Security-Token=IQoJb3JpZ2luX2VjENP%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaCWV1LXdlc3QtMiJHMEUCIQDZahpI9WXxlqAKJOvrpIT0DRfBMpwUH0rQRppFprUp0wIgCN%2BMhVp5S%2FpK56l6K3JX7phzacGjq3QbTAX1Nj4DC5gqxAUIzP%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FARAFGgw0NDkyMjkwMzI4MjIiDIgXIEA5ltSAd1fDvCqYBbRl7mvk9BetM13HHF4p%2BUYzcC3FVvHaWwcKYl%2Fms7tQLbo6bNqiINmfgq9nQqvoL7pgZhYIiadfNuXMJg6tWstO%2FPC5K6vKNi1ML4pDxwhH5%2BSUihINDv4GovrA%2BKWeFhyHI4uAh6xpoTy5dZG0Zfzg%2FXt9pTM7G5emXV74cDBqncJF%2FspKrdFZmdaDpoA6Buo1i%2BsiNtjzY1HuemA0ygZiUS1lSLVLzsN9t3zVp17eefaILsCxm4peo0Anm1ZUCK6TnChD1FHLil16E7wbYxmuOyH9YWSXcBaP8FtSJBD%2Fcd8t6294gyD4X6U%2BMM5ODz%2BTu%2FT%2FHuF9e6VsORv9SZ9bAfynoTxMbrhGUZ3KeFdIilxSChjJ9aCKEGbeKOKP8waSaic4YF9ZxxaKhlNMYgBTdM33mn5hpMEZSTsQ1svatfVTmA%2Bkv5yPTcRHXZ4aNAkg3IXgNzy5jH9F3tObGfg%2Fjuj0qMvTHko8cLouuZXNZskHp6NZgiDa0rTSf7nDYaHgYZk8cUpVnRj9P7Zbr9D7g5Pz6E5XoA2jtpZmOQLFefG5ZwzMnpjpv3jHRFvEvDEMbNYbJEpKO7Xmd73slVLOPN3HiohbrGnGVbAxkUlr47Hqjhl7zo2GZZlqC4dAgxoGHuzQrDjCsgpvag%2BlUchYN4%2B0WXeJbqBB%2BZSpsnBBLRE36LDgd6PHj7sqUNHBiMDdDIsPwM8fG44aYJ8wjVtREZo1kmdwOCgFkTRLUyqCtEWpUq9XUv0B1BwnQjmdiW%2Fk0oXLtpE9vZ3YEaPBYVQ58OHJiwheP04U8xITK%2BVqUZ%2FJbwKHSHBWTCEIcGuQ%2FfACvSF5eDqKICQjnT8XYw2JZR37FdFamWpQIYjzA%2FwOO2eBd%2Fko29swuZONwwY6sQEKbG2SwxYVNfpLsok6lf4ZMY1GsgFoWaQ%2BvuR0X5LaEwCzSeanmh0swqfvFStcCpRxFOUshECyLC5lLXOzVgmjqwQL%2Fhne8rpZA5nR5I4dlzZI9ximgUH4ATxzRRHarbcoxPRHTT8TG0FlTc28vaBbwAzrynKTpsfyb2YA2U61QO%2BQjWyl3q%2FKi61xFkOJkjTpCyZNx24WvrTFcTgOEaOJAAKqZDKJQdopLLztErIV43c%3D&X-Amz-SignedHeaders=host&response-content-disposition=inline%3Bfilename%3D%22companies_house_document.pdf%22&X-Amz-Signature=fb8434f32e3ed862149f9b9df515db1d8d761e747bbfbe3966d1271dd2f2a44d

Clare Boardman, from Teneo, said administrators would be "considering all options for the group, including the prospect of a sale for the group's upstream business and retail operations in the UK and Europe, all of which remain outside of insolvency".

Https://www.gov.uk/government/news/prax-lindsey-oil-refinery-limited-prax-storage-lindsey-limited-and-prax-terminals-killingholme-limited-in-liquidation-information-for-customers-sup

Thanks for that post

Some of Prax Group's assets, like its petrol stations and oilfields, are not part of the administration process itself,

The parent company State Oil is incorporated as a supplier, wholesaler and retailer of petroleum products. Prax is incorporated in order to separate integrated supply and optimisation from retail and wholesale operations.

Daily prod 6.060

Last offload NUMBER 44 was on 24th April

so my reckoning we can only meet a part load in June

full load would be falling around 23rd July .

Altera wave today off to glen lyon field will look out for a part load later in month

Https://www.offshore-energy.biz/harbour-energy-flows-first-oil-from-subsea-tie-back-in-norwegian-waters/

Posted by oilretire on ADVFN thanks to him

https://www.upstreamonline.com/rigs-and-vessels/uk-north-sea-fpso-owner-agrees-terms-for-contract-extension/2-1-1822578

On the other thread a poster says slightly delayed till middle of month . That would be ok

Job advert to me indicates Prax are preparing foundations for future so must be close now getting ducks in place & getting the regulatory approval needed for Prax to take full control

6160 daily prod March

Https://careers.prax.com/job/Head-of-Subsurface-Developments-and-Production/816043302/

1 of accountabilities

Lead the subsurface development strategy to maximize gas recovery and field performance in the Greater Laggan Area.