Member Info for mrc_mrc_mrc_mrd

I had it in my head it would be a subsea tie back to kraken for Bressay gas. EP would need a bit of work to deal with heavy oil.

Am I right in thinking that even if ENQ use the hedges now they still get to keep the difference between the physical and paper?

I see Stevo is in full TROLL mode now. I’m guessing he might have lost a lot of money recently and now lashing out.

What happened to the stoic accountant only interested in the numbers? Now he is chasing down welchers on internet bets and LOLing at others opinions. Shame to see this as contributions have been valuable over the last year or 2.

There are more important things in life than always being right.

I would guess that electricity and gas were significantly cheaper in 2011-2014 in real terms, and people were richer in real terms.

You would be amazed by the amount of people who have swallowed the net zero stuff, even in Aberdeen. I would say the effects are now filtering through to everyone in the city though.

A lot of my friends who work in other sectors are feeling smug about the demise of the industry - their choices feel justified. Some ended up in lower paid work because they couldn’t get in to oil and gas,or had failed careers, some left the industry for renewables / grid upgrades and now have an interest in supporting that work.

Ultimately though it is these people who will suffer whilst the O&G workers gradually disperse accross the world as Aberdeen business winds down.

Labours best hope is economic competence. Minority pandering won’t win a general election. That’s not to say they will do it though!

I can see this one being a good fit now that the EPL doesn’t look to be changing.

Golden eagle and Scott are both approaching CoP, but extending that is what Enquest do, particularly if they have a tax advantage over CNOOC. Buzzard is still a pretty big beast and has a long life ahead.

Four wells from DC1 produced 24kbpd initially in 2017.

I believe kraken wells are quite high impact. Maybe someone on here will know numbers we can expect.

Steve -0

You missed the news in November about pushing infill drilling to 2026?

Perhaps we will have 100-% of Kraken in a few months

Stevo - why are you getting hung up on a throw away line from an update over a year ago? (The same line is in this years update).

You have the latest forecasts the same as the rest of us from the Feb update.

Or I should say, we would be incentivising oil and gas companies to sell us dirtier fuels to the benefit of foreign governments.

Hi Romaron

Pipeline fees?

Unrelated…Not sure how easy it would be to work out, but do BP (for example) make more profit extracting US shale gas and exporting it as LNG to the U.K.

If that is more profitable then that really demonstrates how perverse EPL is. We would all be paying more to import dirtier fuels to the benefit of foreign governments!

Gas fired power stations provide services which renewables cannot. The alternative to fossil fuels at the moment is darkness. In the medium to long term gas can be eliminated, but at what cost?

High prices are caused by gas fired generation being called upon infrequently. This is because of renewables dumping cheap power when the weather permits, and the lack of storage / demand response for when it doesnt.

RTO of some or all of Harbours U.K. assets would be nice. Maybe we could scrape together the cash now that banks are dropping ESG.

Perhaps ENQ just take the operated assets? Anyone know how many barrels per day HBR operate in the U.K.? Maybe around 50k?

I don’t think Serica are in the same league as Enquest so don’t see them as a competitor for this type of deal.

Lol, what was it we were told in 2010? Dana on steroids? Maybe nae

You are a sad old fella aren’t you AA. Still can’t move on. Eh?

I remember mr Arrow suggesting people buy when this spiked ever so briefly to 1.7p. I doubt anyone who bought into that little P&D will see even half their money back.

GLA

Indeed, “CPerkins” and “ArielArrow” have lost many ppl their hard earned. Perkins was pumping this right up to the end.

Hopefully some of the later investors can salvage something through the liquidation process.

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