Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Trump Administration Imposes New Sanctions on Putin Cronies Vekselberg is also among them. As long as only the US executes these sanctions, I don't see any direct fallout that could affect Falcon. However, companies and banks outside the US could cease their operations with Vekselberg's companies because they fear retaliation measures. Let's see how this plays out. Source: https://www.nytimes.com/2018/04/06/us/politics/trump-sanctions-russia-putin-oligarchs.html
Thanks for sharing the interview, Orson. Both the old interviews and the new one were extremely reassuring for Falcon shareholders - if you read between the lines. I was very suprised that he could barely hold his composure. Obviously, he seems to be full of positive emotions regarding the decision. Good things to come - SOON!
Good news for Falcon holders. "Natural gas and LNG will see strong growth, propelled by power usage in Asia." "Shell continues to project higher demand for LNG as the transitionary fuel towards cleaner energy, and that seems to be the immediate high growth story for now." Source: https://oilvoice.com/Opinion/14952/BPs-2018-Energy-Outlook--The-Crunched-Version
Thanks for your take, MC. There is no (valid) "majority public opinion" that is against fracking. Mellor is claiming this, though. In addition, I hear something totally different when I'm listening to Gunner's interview. JMHO. Good luck to you.
WW, some guys on this board have already discussed this and concluded that the Cabinet will communicate an unanimous decision. It will always be 8-0 for or against lifting the moratorium no matter what the real result of the Cabinet internal vote is. Gunner confirmed this in the radio interview.
Soooo entertaining how some ppl have no sense of logic and reality at all. Two examples from Peri's interview link: 1) Lauren Mellor from Frack Free NT also spoke with Katie Woolf this morning and said there are still too many risks. �Any industry that is the subject of multiple government inquiries, widespread bans both at home and abroad, and requires 135 recommendations to be enacted should be a red flag to the Gunner Government not to proceed." First, the environmentalists ask for an Inquiry and when the Inquiry is done, they say that the fact that there has been an Inquiry is already evidence against fracking. Highly entertaining! 2) The inquiry found that the overwhelming consensus from Territorian's was that hydraulic fracturing for onshore shale gas is not considered safe, trusted or wanted in the NT," Ms Mellor said. "Overwhelming consensus" - where is that written in the report? LOL
Just realized that probably only retail investors will buy at the stock exchange and the big players will strike deals off the exchange like the deal where Vekselberg was involved. Could be that the price will move steeply when such a deal gets public.
The Inquiry recommends an implementation framework and an implementation unit. Lets see how long it takes to establish the framework and the unit ... "If the Government lifts the moratorium, an implementation framework must be developed immediately to identify when, how and by whom the recommendations are to be implemented." "Accordingly, there should be a centralised, wellresourced, skilled and experienced implementation unit established in the Department of the Chief Minister to coordinate the implementation of the reforms. It is essential that people and/or organisations with specialist skills are recruited to assist the implementation unit."
My take on the effects of the Final Report: Positive 1) The moratorium will be lifted as the Final Report holds that alleged/assumed risks are non existent or managable. 2) The Report and subsequent regulations give companies and investors the needed certainty for their future operations. Negative 3) Exploration will be further delayed (most likely till 2019) as the Inquiry has expanded its recommendation to explorative drilling and fracking. While the development of a shale play is always a long-term venture, the delay creates further risks: a) Competitors (think US LNG) can advance their projects and marketing while the Beetaloo is on hold for one more year. This is somewhat mitigated by the Trump administration who is slowing down Iran, the most important LNG competitor (due to reservoir size and proximity to India). b) LTG has more time for scare mongering before drilling re-starts. c) New technologies that could substitute oil & gas have one more to develop. GLTA
Silver lining: the SREBA applies only to the production phase. "That before any further production approvals are granted, a regional water assessment be conducted as part of a SREBA for any prospective shale gas basin, commencing with the Beetaloo Sub-basin."
Looks like LTG got what they wanted: a long delay. You can find this on about every page. "That prior to the grant of any further exploration approvals, ..." Truly disappointing report. Didn't expect this at all. Bigones was right ... ARGGH! Naomi wins. This is extremely bad news for the development of the Beetaloo.