RE: A few facts for the Newbies29 Jul 2021 15:50
They have to comply with the Minister and so does he.
Other than living in cloud cuckoo land where do you reside? If in Ireland, then shame on you for not knowing the facts about the laws covering oil and gas when you talk out of your a**e about it. And whereas I suspect you live, in some banana republic or Asian state, India, Bangladesh or even Thailand perhaps, you would realise there is as much clout on the PVR side as there is in DCCAE.
Of course, you could also be one of those Nigerian "chancers" we hear so much about who goes around trying to "dupe" people, very much along the lines of what you try, and happily, fails to do or are you in Thailand chasing skirt?
The law states that if Ireland does not want the oil and gas it can be off-shipped wherever Providence wants it and can sell it for a commercial profit. And even if Ireland wants it but Providence can get a better price for it elsewhere it is entitled to off-carry it or pipe it.
And, by the way, I bet you did not know that Ireland "exports" gas to the UK. Now where does it get that gas from and how does it "export" it?
But the "generosity" of the Irish oil and gas exploration licenses came about when Pat Rabbitte was Minister of Communications and Energy.
Pat was minister for the oil and gas and to attract companies to come here to explore, he nearly gave away the baby with the bathwater.
The rules he drew up were so in favour of the oil explorers in a bid to get them to come that he created the biggest "Irish oil and gas gift", which still exists in law today that you can run a coach and horses through it if you were in for the kill and the Minister did not play ball with you.
That is why none of the biggies, Petronas, Woodside, CNOOC, etc.. have left Ireland and I suspect we may find in the near future that Providence possibly merges with my favourite, Woodside. Now wouldn't that stick in your gullet?
That is the hope for Providence too, raise the funds, merge with a bigger player, sell EXOLA to a "bigger"player such as Petronas, Woodside or even CNOOC and concentrate on the other areas of the Celtic Sea they own as separate plays. After all Hook Head was once reputed to hold 140mmbbls, not an insignificant amount per se.
If any of those was to happen what a proper fool you will look. Let us refine that by saying "What an even bigger fool " you will look. But, after all, we already know what a fool you really are.
Have you read the law? I note you posted and item from one of Ireland's laws which proves you have been scrambling around to find out what I am talking about. Otherwise, why would you have been looking up Irish law? So, f**l, you obviously did not find it.
Keep looking and join pis200306, who is also not adverse to a bit of internet "wheeze" as he thinks it is.
So, So, I think that video applies more to you than to me. I hope your straight jacket is not too tight. Does it get itchy between your legs?