Member Info for mrc_mrc_mrc_mrd

Should hear about awards in the next few weeks

https://www.energyvoice.com/renewables-energy-transition/ccs/uk-ccs/503035/breaking-20-bids-accepted-in-uks-first-ever-ccs-licence-round

Of course, ARA are nice guys and only looking out for their junior partners.

Good luck with your strategy. What was it again? Buy high and sell low? PMSL

I don’t understand why every story about oil and gas needs an ill-informed opinion sought and tagged on for “balance”

Https://www.energyvoice.com/oilandgas/north-sea/502369/ineos-north-sea-windfall-tax/

Https://www.energyvoice.com/oilandgas/north-sea/502069/uk-gas-imports-foreign-bill-homes/

Https://www.energyvoice.com/oilandgas/north-sea/502012/sullom-voe-terminal-enquest-shetland/

No they are floor price. They are only losing if POO goes above the ceiling price.

Lol why would ARA want shares??!!

They just need to run down the 90 day clock then they get the 25% in Ruvuma for free plus whatever assets come out in the liquidation.

Saves them $16m

Hardly AA…ARA just need to let the deal expire, call in the loan and watch SCIR go under as they can’t find the $6m or whatever it is that they owe now.

It’s a very serious situation

Looking to me like this could be the last spike. Forced relinquishment of Ruvuma after the loan is called in would spell the end IMHO.

The deal needs to complete soon.

Yet more delay and dither.

It will come eventually. Tories only hope now is competent leadership.

Just a shame that 18 months worth of damage has been done

No AA - it would have been valuable if SCIr could have funded it. Instead they let the clock run down and have realised virtually zero value in the fire sale.

Instead they spunked everyone’s cash on silly renewable “assets” and extortionate consultancy fees to related parties.

Oops?

AA - not sure what you are on about to be honest. The deal would have been game changing.

Gas price was about 16 euro when deal agreed and dropped to 8 euro at the time it fell through.

The price today is 34 euro.

Long term average is around the 16 euro. Scir would have a market cap of £100m plus if the deal had gone through.

Ruvuma would also still be in play.

Yes it is still more than double the long term average and more than 4x what the price was when the deal fell through.

You keep your little fantasy though!!

Nat gas on lows? What are you smoking?

We have a tax shelter in the U.K.

Buying up producing U.K. assets on the cheap is likely to be the best use of capital as alluded to by the company.

Central North Sea

The CNOOC-operated 14/26a-N4, Z, Y well was spudded on 8 September 2022 from the Golden Eagle Northern Drill Centre with the COSLInnovator semi-sub. The initial appraisal well was targeting the northern part of the Golden Eagle Punt Member Channel to the WSW of the top-hole location.

This well is understood to have failed to find reservoir so was sidetracked on 1 November 2022. A further appraisal sidetrack, 14/26a-N4Y, was kicked off on 8 January 2023 and is currently completing or has been completed as a discovery. The wells were appraising the Punt Sandstone Member in the northern part of the field.

SoTB. TC can say what he likes. My post was correct.

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