Member Info for mcadder

As I've said before you have absolutely NO evidence they aren't wheras everything I've talked about here involving Siemens shows there is definitely some link to be made there along with the RNS back in Feb.
Truth is you don't want ANYTHING positive on this bb to show ANY possible progress going on. I ain't saying anything positive about Dommo, the bondholders or Brazil all I am doing is pointing out the potential relevance here to what is in the public domain re gas to wire - hardly ramping is it!
If you can't see that Royscot then that's YOUR problem.

Interesting that back in 2016 Siemens got the major order contract for one of the 3 East Anglia windfarm project's approx 40km offshore in the Southern North sea. Fast forward 3 years and construction is well under way and due to be completed by next year again involving Siemens.

Siemens receives major order for offshore wind power plant
Siemens has received a major order for its offshore wind power business: the company is to supply, install and commission 102 wind turbines, each with a capacity of seven megawatts and a rotor diameter of 154 metres, for the East Anglia ONE project.
Frimley, UK, 2016-Apr-27

May 17, 2019, by Adnan Durakovic
Manor Renewable Energy (MRE) has contracted with Siemens Gamesa to provide the full temporary power package of generators, personnel and vessels during the turbine installation phase of the East Anglia ONE offshore wind farm.
The 714MW East Anglia ONE will comprise 102 Siemens SWT-7.0-154 wind turbines installed on jacket foundations at the site some 43 kilometres offshore Lowestoft in the UK. The wind farm is due for completion in 2020.

I don't think it's any accident that Siemens has joined in with the gas to wire initiative.

"Siemens becomes the second company, following Marnavi Offshore ("Marnavi"), to join MFDevCo's gas to wire initiative"

"Siemens, a world-renowned digital pioneer that focuses on electrification and automation, brings key capabilities and experience to this initiative, as well as the market position required to assist MFDevCo in capitalising on its gas to wire opportunities".

There are currently over 30 UK Southern North sea gas fields which ceased production in 2018. Those gas fields are;
Alison, Ann, Annabel, Atlas, Boulton, Boulton H, Callisto, Cavendish, Hunter, Hyperion, Bullet, Kelvin, Ketch, McCadam, Mimas, Murdoch complex, Murdoch satellite, North Valliant, Pickerill, Rhea, Rita, Saturn area, Schooner, South Valiant, Tethys, Topaz, Vanguard, Victoria, Biden and Watt.
I've probably missed some out but these are just some that have ceased production that could be made economical for gas to wire.
Bearing in mind Siemens mean business here I think it's reasonable that we can expect news very soon on progress with SPV and progress on the advancement of a couple of projects.

Immediate funding of up to £500k will be made available subject to conclusion of SPV which once sorted should reduce the need for a placing further down the line.....
"Indicative offers of up to £500,000 for immediate funding have been made, subject to the conclusion of the SPV".
Plus...."Provision of seed capital to MFDevCo will reduce Nu-Oil's general and administration overhead incurred through MFDevCo related costs and staff utilisation."

So Marbur, Royscot or anyone else that want to question my investment here - yes I have carried out my own research before buying in. This is most certainly NOT a punt for me so up yours LOL

Well luckily I don't take investment advice from anyone and that includes any posts written on a public bb - so if I'm 50-100% UP in a few months time as opposed to being 50-75% down then I'll only have myself to thank LOL for not listening to disgruntled, bitter and twisted people like yourself Marbur. I'm very chilled about my investment here have a great weekend ;)

No Marbur but I think you are managing to get yourself wound up from your last post. Thanks for your view but you obviously know absolutely nothing about me coming out with statements like this...."I believe you strategy to be a quick 10-20% return hence ramp the price to .3 maybe a little over, then sell"

This has always been a long term hold for me. Perhaps a long lie down in a cold dark room may be beneficial for you lol

Royscot - I'm not defensive - just confident of the prospects here going forwards. Previous significant holders of Nuog unfortunately invested at a time where the company was in it's early stages of concept, development and delivery as far as their unique approach on marginal and stranded assets goes.
Things are different here now - we have the company making huge progress now as per recent RNS's but a lot of investor's are naturally suspicious of delivery going from past years.

"Indicative offers of up to £500,000 for immediate funding have been made, subject to the conclusion of the SPV"

"Provision of seed capital to MFDevCo will reduce Nu-Oil's general and administration overhead incurred through MFDevCo related costs and staff utilisation"

"MFDevCo will offer investment ready projects, along with commercially viable development plans, to the SPV, which will have the right of first refusal"

"The proposed SPV will enable the delivery of the marginal field projects that MFDevCo identifies without dilution of Nu-Oil's interest in MFDevCo"

The info is all there in the RNS's - getting a deal or 2 on GTW is pretty much nailed on imo if SPV gets sorted

What a load of tripe by some on here tonight. Even if some wells in the North sea and Irish sea end up being plugged and abandoned there are numerous small stranded gas fields out there that would fit the bill. Out of all potential fields I'm sure there will be a handful being examined in great detail.
The cost savings for decommissioning alone make GTW a sound proposition.....

Closer to home, according to industry analysts Wood Mackenzie, up to half of the North Sea’s 600 installations – first installed 40 years ago – are scheduled for decommissioning by 2021. The UK government estimates the cost of removal at £20billion over the next 25 years in the North Sea. Globally, more than 4,000 such installations are scheduled for removal and 7,000 fields will cease production by 2022.

In a report last year, Decommissioning – Will the Time Ever be Right?, Wood Mackenzie cautioned that ‘once thought of as a North Sea problem, decommissioning is quickly becoming one of the biggest issues in the global oil and gas industry’. It calculated that companies face a decommissioning bill of £24billion between 2018 and 2022.

Potential project's will not be limited to just the UK either......

"Siemens is working with MFDevCo with an initial focus on UK projects but is also keen to investigate other projects that MFDevCo is pursuing worldwide."

The hyeenas are out again tonight - marbur I'm sorry you've probably lost a lot of money here and are probably completely out of Nuog (always easier to trash a share when your out) but you are the kind of person that would slag off Nuog if they didn't tweet in the same way you would if they did tweet!
Childish tweets? I think someone needs to grow up!

Seriously Royscot it's beyond painful hearing you constantly whinge, much more painful than waiting for a revenue generating deal to get over the line!
We are much closer than you think! Plus I'd rather hear about Nuog and Mfdevco being in the same room and singing from the same hymn sheet as Siemens than constantly hearing pathetic comments about daily/hourly SP movements and continual slagging off the company's offices, size, staff numbers or perceived lack of general progress!
Some PR is better than nothing and shows that thing's are progressing behind the scenes.

MFDevCo
@MFDevCo
1h
Managing Director, Alison Pegram, co-hosted a workshop with
@Siemens
to discuss solutions for stranded or marginal gas fields at their private customer event in London today
MFDevCo
@MFDevCo
1h
Thank you to all involved from
@Siemens
and their customers for interesting and thought-provoking ideas on using stranded gas resources to meet increasing energy demand.
Nu-Oil and Gas plc.
@Nuoilandgas
59m
Our Joint MD, Alison Pegram, has been representing MFDevCo in London today to discuss the use of gas to wire to develop of stranded or marginal gas fields, with key people from across the sector. #NUOG

Nu-Oil and Gas plc.
@Nuoilandgas
57s
Our JV,
@MFDevCo
is working on a number of project opportunities where gas to wire could be used to extend the life of offshore gas fields and generate the power required need to meet increasing energy demand. #NUOG

Nu-Oil and Gas plc.
@Nuoilandgas
1m
Increasing recognition amongst regulators and industry of the role that gas to wire can play in maximising recovery of gas resources. UK's Southern North Sea has been identified as ideally suited for this approach. #NUOG

MFDevCo
@MFDevCo
28m
With areas such as the SNS 'well placed' to support the energy transition, there is growing recognition of the role gas to wire can play in maximising recovery of domestic gas resources to meet increasing energy demands. Read our latest blog at: (link: https://bit.ly/2QlkPWE) bit.ly/2QlkPWE (link: https://twitter.com/oilandgasuk/status/1128301649464897537) twitter.com/oilandgasuk/st…

From SHP bb ......Fishbones outperforms hydraulic fracturing
The growth comes on the back of successful new projects in Qatar, Egypt and China, which have seen the company install over 244 patented Fishbones subs in total over the last 12 months. This includes a project which doubled oil production for an international operator in Qatar. The Fishbones Simulation System, equipped with 25 subs (100 needles), doubled production rates and increased the Production Index (PI) more than six times in the new offshore well. This was in a layered limestone formation.

Increasing reservoir connectivity with precision and control, the Fishbones reservoir-enhancing technology can be used in both carbonate and clastic conventional and unconventional reservoirs. Both the Fishbones Drilling and Fishbones Jetting technology use a short pumping operation, where numerous titanium tubes are extended at even intervals from the motherbore to create long channels that deliver significantly improved productivity. The multilateral stimulation system is proven to at least double production levels and generates significant savings versus hydraulic fracturing. A number of health, safety and environmental (HSE) advantages also exist due to decreased resource requirements, reduced fluid and power usage, and the avoidance of additional vessels.

Well r1ck5-focus sounds like over in Farn you have well and truly ballsed up in your words. Hoping to make back your losses over here I see LOL

see you at the bottom ready for the next pump.

For the record. Im stuck at 1.39 with this lot.

Sorry people i ballsed up.

Didnt realise. Just getting frustrated.

(I have an expensive wife!!!!)

So first of all you say .... "4 people dont need an expensive office in mancheter. they could run the "business" from a garden office"

Then reply "no more questions your honour" to the answer that Nuog share an office??!!!

Weirdo

Blatantly a wind up post hence why I never answered.

And the post started with "serious question" LOL

I know some who have had replies off Simon late in the evening so what a waste of a post re 9-5 ffs

They may well do soon Wobwat - watch this space...

https://renews.biz/53299/uk-seeks-offshore-integration-solutions

UK seeks offshore integration solutions
New taskforce will publish a roadmap identifying innovative techniques like green hydrogen production

21 May 2019 15:38 OFFSHORE WIND
The Offshore Wind Industry Council has begun a programme to ensure the UK’s low-carbon energy system makes the best use of the growing proportion of power supplied by offshore wind and other renewables.

The new research project, Solving the Integration Challenge, is a key part of the Offshore Wind Sector Deal announced by Government and industry in March.

The taskforce, which began work on Monday in London, is led by Baroness Brown of Cambridge, the industry’s Offshore Wind Sector Champion.

Report on Gas to Wire on the North Sea
Can enhanced North Sea gas production partly compensate for the declining onshore production, and so contribute to mitigate energy import dependence?
To answer this question it is not only important to answer where separate North Sea gas fields are located, but also to assess if its gas production has a positive business case. A special category of these fields are those that are so small and isolated that connecting them to shore with the help of a gas grid connection is not feasible. The only option left then is to see if an alternative way to channel the energy to shore is feasible, namely via a (hopefully nearby) existing power grid connection, after the gas has been converted ‘on the spot’ into power.
Based on the quantitative analysis the following generic conclusions could be drawn:

Compared to conventional CCGT power plants a total CO2-emission reduction of about 13 Million tonnes could be achieved during the 30 years of operation considered in this project.
Cooperating flexible and clean power generation from natural gas and variable power generation of wind farms in terms of shared electric infrastructure are mutually supportive by ensuring that the taken investments are used in a very efficient way (gas power plant makes use of electric infrastructure when wind farm does not operate on full capacity) and thereby also benefit onshore system balancing.
The fiscal regime differs significantly between conventional hydrocarbon extraction (E&P) businesses and power generation businesses. Since this unique project describes basically a combination of both as a single entity, the choice of an applicable fiscal regime has a large impact on the business case.
The set of conclusions has confirmed the overall impression that it is indeed worthwhile to inventory which of the small and isolated North Sea gas fields can be economically explored via the delivery of green power rather than (green) gas.

There was no Twitter ramp towards the end of the OO certainly not by the company but from just a few day traders that's all. Any tweets from Mfdevco and Nuog came after the OO deadline as did the proactive interview. I do agree SJ sells drying up! I wouldn't worry too much about Royscot he's no doubt sold out and has no incentive to see this go back up!

Well put it this way Cobrakai - on reflection I'm glad I was negative back then and only invested 5K when the SP was over .70! I now stand a much better chance of making a decent profit with an average of .28 IF the company deliver.
Hopefully over the next 6 months anyone else with an average of around 1p should be back in positive territory. It's not just the change of chairman cobrakai - the GTW aspect could be a game changer for the company - something I am prepared to bank a lot of money on...