Member Info for Mogger

Secret,
The £600m I mentioned was the drawdown and repayment through the National Oil account. From memory it was never fully repaid before BNOC became Britoil. I think you could definitely class it as government " putting cash in " to the North Sea.

The Viking gas field was found in Dec 1965 and was jointly owned by Conoco and the NCB. It was probably Conoco who "explored" and found the gas though. The NCB were just a nominated British company holding the required 51% of the license.

I believe all of the coal boards assets were transferred to BNOC later in the decade.

Mogger

Mirasol

"The UK Govt never put in a penny, ever. They've taken a lot of cash out tho'."
That is also complete nonsense.
Through the National Coal Board, British Gas Corporation and BNOC, the Treasury put around £600m into buying licences and getting fields to production in the mid 1970's

Mogger

" A final Sea Lion FID is unlikely to occur in less than 12 months and it will therefore be
some time before the detailed onshore requirements are finalised. However, as it is
anticipated that the overall project concept will remain similar (an offshore FPSO vessel
producing oil from subsea wells for direct export, with onshore support facilities only) it
seems reasonable for FIG to forecast that the onshore logistical requirements are likely to
be similar. This view has been endorsed by Rockhopper in informal consultation.
4.9 The purpose of retaining land is to support Sea Lion. There is no argument for retaining
land that is not likely to be required by Sea Lion and it is therefore proposed that the
western block, which has no defined requirement for oil and gas support, is released back
for allocation under existing land allocation policies.
4.10 It is recommended that the eastern block of reserved land continues to be reserved for oil
development through to 31 Dec 2024, with land allocations in this area to be reviewed
and approved by Executive Council as set out in previous papers on this matter.
5. Options and Reasons for Recommending Relevant Option
5.1 The recommended option is to continue to reserve an appropriate amount of land for Sea
Lion based on the current identified requirement.
5.2 An option would be for FIG could continue to reserve both areas of land against future
oil development, on the basis that if more than one oil development project happened
concurrently, there could be a greater requirement for land. This is not considered a high
risk and so not recommended as it unnecessarily constrains land available for other
commercial development.
5.3 A further option would be for FIG not to reserve any land for oil development. This is
not recommended because a contiguous (and large) parcel of land will be required to
develop a coordinated oil support base. Gordon Lines is a finite area that is rapidly being
developed and is the only location sufficiently close to the Temporary Dock Facility to
facilitate efficient oilfield support activity."

End

Mogger

Cont
"4.4 During the course of development planning for Sea Lion Project Premise 11b, which was
the most recent settled development concept under Premier Oil operatorship, the
requirements for onshore support facilities were refined. As part of this the proposed
layout of new onshore facilities was distilled to a single area.
4.5 The preferred location for various practical and technical reasons, primarily to allow
safety zones for hazardous storage, was deemed to be the eastern block of reserved land.
Concept designs were produced and several planning applications were submitted for
this area. There was no requirement defined for any future facilities to be located on the
western block of land. Following the onset of the Covid pandemic in early 2020, and the
collapse in the oil price and disruption in global travel, Premier Oil suspended work on
the Sea Lion project in February 2020.
4.6 In April 2021, Premier Oil merged with Chrysaor Holdings Ltd and formed a new
company Harbour Energy plc. After considering their development strategy and their
worldwide project portfolio, Harbour elected to withdraw from the Sea Lion project in
September 2021.
4.7 At the time of writing, discussions are underway between Harbour, Rockhopper
Exploration (who are the remaining Sea Lion licensee) and a potential new partner and
operator for the project, Navitas Petroleum. It is anticipated that if these discussions
conclude successfully, there will be a period of re-configuration of the Sea Lion project
concept prior to progressing the project to financing and ultimately to a final investment
decision."

Pre,
The Fig website is down at the moment but here is a transcript

"Two tracts of unallocated FIG land are currently reserved in the Gordon Lines industrial
area for future oil and gas support requirements, with a moratorium on allocation which
is currently due to expire in April 2022. Both are located north of the Airport Road, with
one area located to the west of Boxer Bridge Road and the other is located to the east of
Boxer Bridge Road.
3.2 Based on current information, it is anticipated that only the eastern area will be required
for future Sea Lion oilfield development so it is proposed that FIG releases the western
area for other purposes.
3.3 It is proposed to continue to reserve the eastern area for future Sea Lion onshore support
facilities, and to maintain the current moratorium until 31 December 2024.
4. Background
4.1 The Sea Lion project, which seeks to develop the first phase of the Sea Lion oilfield, will
require onshore logistics and support facilities, for both the construction phase and
throughout the life of the oilfield. This will include both generic storage and laydown
facilities, and some specialist facilities such as a plant for generating drilling fluid (also
known as the ‘mud plant’), a suite of workshops and engineering facilities, and some
hazardous storage for bulk chemicals and explosives. An element of co-location and
efficient design/layout is essential to ensure both efficient operation and public safety.
4.2 ExCo imposed a land allocation moratorium some years ago to ensure that sufficient land
remains available for use by the Sea Lion development. This was most recently renewed
in 2020, and the moratorium expires in April 2022.
4.3 Two large areas of land were reserved. The western block is located north of the airport
road and west of Boxer Bridge road, and the eastern block is located east of Boxer
Bridge road, directly south of Boxer Bridge. These are the areas highlighted with bold
red lines in the map1
below:

All,

A timely proposal from the Director of Mineral Resources.

https://www.falklands.gov.fk/assembly/executive-council/papers?task=download.send&id=3397&catid=531&m=0

Mogger

Latics,
I'm neither attacking or complaining. I just asked whether you had put any thought into your xenophobic comment.
Your reply confirmed my rumination about you

Mogger

Latics,

"Would seem exactly the sort of strategy an Israeli company "

Why would an Israeli company be more likely to use dark pools than any other nationality?

Mogger

All,

Full year results out. Lots of information about Sea Lion but most already known. They are still working towards March 31st
https://mayafiles.tase.co.il/rpdf/1437001-1438000/P1437575-00.pdf

Mogger

DEM

Great find. Thank you

Mogger

Michael
Last December you said" my average here is 30p"

Why are you making things up?

Mogger

All,

All our frustrations on timings are not unique. The amendments proposed in the latest ICSID reform are designed to add clarity to awards and ensure their timely publication. The reform is due for voting later in the year.

"Awards, for example, will have to be rendered no later than 240 days after the last submission (AR58.1.C)."

"the proposed wording of the new AR 62 and new AFAR 73 stipulate that absent a clear objection in 60 days, a party will be deemed to have consented to the publication of the award"

http://arbitrationblog.kluwerarbitration.com/2022/01/28/icsid-reform-balancing-the-scales/

Mogger

Bootle,
All I was doing was suggesting to Godders that he uses his skills in helping us all, rather than annoy us. His LinkedIn page suggests he's got all the attributes that could be very useful to "our" company. Instead he wants to do the opposite.

Mogger

Godders,
Respectfully May I ask you to desist from publishing your pointless posts on this forum?

Mogger

Godders,

As "a seasoned financial modeler/finance transformation practitioner specialising in supporting business leaders to understand their commercial realities to unlock growth often trapped inside organisations and make transformation decisions required" wouldn't your skills be better suited to helping Rockhopper than saying "i always deramp"?

Just a thought!

Mogger

All,
A Godders history lesson for those interested

18/8/20 - owned around 1.8m shares
4/9/20 owned around 2.5m shares
17/9/20 owned around 1.9m shares
6/1/20 owned around 1.9m shares or 2.3 if you read it differently
7/1/21 owns around 3.2m shares.
27/1/21 - "my 2.7 mil shares"
Today- "my 0.9 percent will be voting to eliminate him" - equates to 4.1m shares!

He bought another 1.4 million shares last year!!!

Check his history - its all there

If you tell the truth, you don't have to remember anything

Mogger

Giza,
I'm not sure which part of PMO you worked in but to say that materials management and procurement are a "huge technical challenge" shows how ignorant you are with regards to the project. I suggest you read the attached to reacquaint yourself.

https://www.harbourenergy.com/media/qc1k2k4i/fk-sl-pmo-ev-rep-0008-sea-lion-eis-b04.pdf

Mogger

Hope business class is acceptable

https://uk.flightaware.com/live/flight/RRR2892/history/20220124/1239Z/EGYP

Mogger

Pre,

Its certainly a long time since I have heard those field names!
In all honesty I think everyone thought that onshore drilling in Italy was dead and buried but it seems like the economics voice is currently louder than the environmental one. The attached is the list of MOG assets and their classification.
I hope that helps.

Mogger

https://www.investegate.co.uk/mediterraneanoil--38-gas--mog-/rns/update-on-canoel-international-energy-transaction/201306050700143059G/

All,

Looks like the Italian MOG assets might now be realising their potential.

Mogger

https://abruzzoweb.it/in-abruzzo-trivelle-tornano-alla-carica-la-mappa-delle-nuove-piattaforme-estrattive/