Member Info for Millario

The Budget 'headlines' initially haven't allowed the average Joe to definitively work/guess wether the project can/will go ahead under terms that are acceptable to JoG and the JV partners so we now wait until JoG and the JV partners RNS their decision/intentions which seem to me to be a) they signal they are going ahead or b) they aren't .. Or am I wrong/missing something?

Now we wait for the next JOG rns and see what they say !?!?

Bravo young Sir, I wish I had your sense of timing !! lmao :-)

Nothing has been leaked so far that suggests a more positve outcome right?

Maybe its going to be a case of filing them away for the next 5 years :-)

The Government should be doings things in the best interests of the people not individual MP vanity projects and there is no point sending the UK down the net zero rabbit hole if the rest of the world aren't bothering with it.

The potenrial revenue from sensible development, production, export & taxation of UK Oil & Gas would go a long long way towards funding the set up of GB Energy, paying for the war in Ukraine, helping with peoples fuel bills, funding the armed forces upgrades, the re-privitisation of certsin railways, certain utillities (namely water), public sector pay rises and the NHS.

I live in hope Labour/Starner will come to their senses but I'm not confident.

Thank again to you Dick for another quality post!!

Starmer seems like a pragmatic guy and it serves no one (least of all him in his first years as PM) to have a ptoemtial repeat of the Coal Miners (those old enough to remmember it) with the Oil&Gas industry, so I for one remain hopeful for a decent evetual conclusion here.

Seriously James, bore off with the moaning about salaries, it's really painful to have to read thru it all.

People don't got to work for free/nothing.

You'd have to think there will be an enormous industry backlash to these plans pkus JOG have been granted the licences for this project already they are not dependent on being granted new ones. So its 'wait and see' keep in mind the original EPL introduced by the Tories was not in any election manifesto, so anything is possible once Labour are in government these 'manifesto's' aren't set in stone/legally binding.

Just more reason why the national energy policy should be cross party and not at the whims of elected governments imo but hey ho

Labour's clarification statement on UK NS O&G tax/levies/windfall tax is massive. They get it wrong and levy tax too high on profits then they will decimate the whole industry. Investment will stop, projects will get cancelled, production will be slowed down/stopped, workers will be laid off and tax revenues will diminish.

If Labour are not careful they could also have real problems on their hands with the unions (anyone else old enough to remember the Miners strikes!?!?).

It's going to be interesting to see Labour's plans/details on tax rates/epl rates/any extra windfall tax balanced against securing and encouraging future investment and participation in transition projects to green/renewables from established O&G companies.

Starmer said today exisitng licenses will be honoured and the taps arent being turned off anytime soon so O&G will be around for a good while yet but the taxing part is the key.

Says it all, instead of investing in and supporting our own industry we're buying Russian crude refined by India !! Its just a disgrace

https://news.sky.com/video/how-is-russia-exploiting-loopholes-to-sell-oil-to-the-uk-and-eu-13131191

Am I right in thinking that the FDP Approval could drop literally any day !?!?

'Concerns over Global Warming' is honestly a joke. The UK currently contributes leas than 1% of man produced CO2 while China alone (whilst currently increasing coal burning in power stations) contributes 27%.

Lets tie ourselves up in enviromental knots and red tape whilst other countries like China do what they like and press on with their own agenda regardless.

Madness.

I'm tired of the rank mis-management in this country. You only have to look at the Migrant Crisis to see how utterly crap Government are in this country. Failed asylum seekers aren't even being deported, they are just left here in limbo wandering the streets living off charity handouts whilst they keep re-applying. It's honestly shocking.

A 10% rise just on the back of a broker article seems a bit fanciful to me but what do I know !?!?

This time yeaterday it was down at 1.45 and 24hrs later its back up at 1.61 on the back of what!?!?

Bonkers.

Looking at the buys and volunes today something has changed. Buy trades of those sizes havent gone thru for a while (probably wishful thinking I know)

What is the next expected update? Official Government Project Approval? And if so, when is that expected roughly?

Could we be that lucky!?!?

Something needs to perk things up here that's for sure.

This downward drift is starting to get depressing to watch :-(

CHF , now that I do agree with :-)

I'm not a labour cheerleader btw but Just for S&G's

Shadow Chancellor Rachel Reeves studied at New College, Oxford and the London School of Economics before working as an economist at the Bank of England, the British Embassy in Washington, D.C., and HBOS.

I would wager that she knows her stuff.

I've lost count of the number of people i've come across that protect the Tory Party to the hilt regardless of even the facts that prove them to be terrible . The blind faith in them is really bizarre to me.