The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
MEM/Mick, I think the issue here is we are using CCS EOR in T & T to make oil less viscous to enhance recovery and same technology can't be applied to gas.
If of course we strike oil in Morocco, as The Cube seems to reckon we might, then obviously that will a real game changer and our CCS EOR expertise may well come in very handy indeed.
Won't bother him MK- some 20% of the UK gas they buy is LNG from Qatar, the US and Russia - The US gas is mostly fracked and Ireland ihas Zelensky's biggest fan base but it is if if the 'dirty' gas has been cleansed, like laundered money, by passing through our hands first.
Grimsby Town Nigel- you would know that if you are the horny handed working class northern boy you claim to be. Or are you a rugger-bugger (Union.of course) just like the rest the southern softies that you so envy because you only made it to grammar school and polytechnic...
Anyone for cricket?
Can the Irish trust our new PM to keep the gas flowing from Moffat any more than Boris I wonder? Let's not forget, she was repeatedly threatening to trigger Article 16- or was that just for show to curry favour with her party's more gung-ho Brexiteers, I wonder? She was originally a Remainer, has a lot to prove,and may need to keep them sweet by walking tough as well as talking tough
Interesting times ahead, as an ardent Remainer myself, who went on.many marches, I shouldn't wish rancour with our Irish neighbours...but it would suit our needs rather nicely would it not?
Exactly Lochnez- 'Stand to reason' you say- Now you, I or anyone on this board of relatively sane mind would no doubt engage a huge US LNG company with a proven track record...but what have we seen in the way of reason come out of Ireland in regards to energy security in the last two years?
Heart has ruled the head on pretty much every occasion, not just the Greens but Sinn Fein, FF and FG as well..and of course a shameless scramble for votes.. Sinn Fein have particularly disgusted me, opposing gas for the votes of the eco minded but then supporting the burning of peat for the votes of Irish traditionalists and rustics living in the Midlands.-and of course opposing windfarms, only on land mind you, not offshore 'because fish don't vote' accordingly to one wag employed by The Irish Times.
Yeah 7D, the beauty of our plan is in utilising some the existing infrastructure of the depleted Kinsale field - surely better than building from.scratch and wasting the Earth's precious resources unnecessarily- plus of course saves a fortune.
As a bonus, we aren't trashing an area of local natural beauty and wildfowl habitat I.e. The Shannon Estuary as NFE are planning- plus of course the local eco warriors are unable to set up another protest camp fifty miles out at sea.
I also still think we have advantage over NFE, despite no.proven track record in LNG terminals as we are local and much smaller. Many Greens, especially the younger more radical ones are as much left leaning anti-capitalist as much as tree hugging nature loving cyclists.
Would you care to elaborate MEM. I'm not of a financial background and having trouble putting 'decouple effect' into context here, given the definitions I'm finding online.
I felt something was awry myself, because your previous calculation per penny rise had proved reasonably accurate. I factored in the 20% dilution but still way out. Until you posted I'd just asssumed this was due to a miscategorisation of sells/buys.
Ghislaine Maxwell was an honoured guest, photographed at his daughter's wedding, long after rumours were starting to circulate.. Yet Democrat serving MSM in the US insist on ignoring this, preferring to repeatedly show a decades old piccy of Trump with Epstein..
Importing fracked gas via the UK seems to cleanse it for them Caterham, like laundered money. Eamon Ryan will be fully aware that the gas he imports via Moffat contains fracked LNG . The US is our second biggest suplier of LNG after Qatar. US LNG accounts for around 5% of total gas in the grid but due to the war in Ukraine, we'll need to replace LNG from Russia, our third largest supplier. This is figure is bound to rise.
There will certainly be a shortage of gas when their six new gas fired power stations come on line next year. Only four more years of Corrib gas left and after that of course only able to buy gas via a single connector from a potentially belligerent neighbour..
How does Eamon Ryan sleep at night?
https://www.breakingnews.ie/ireland/risk-of-electricity-blackouts-in-ireland-slightly-worse-than-last-winter-1357127.html
The war in Ukraine and subsequent global price hikes for gas have actually played well for Ryan..the story for the vast majority is always about spiralling energy costs and how will they make ends meet rather than lack of security around supply..
https://www.rte.ie/brainstorm/2022/0829/1319302-ireland-electricity-shortages-blackouts-energy-crisis/
Ireland will come good for us, patience all- finger pointing and blaming data centres shows desperation, almost everyday now, coverage in the quality Irish press- can't be too long before the central heating gets turned on and those amber alerts become red..
Plenty disgruntlement over Robert Ryan, CEO of Medmark being offered Irish government contracts - all rather incestuous, and him benefitting so much from Ireland's super strict covid rules- it stinks to high heaven..Makes Matt Han**** giving a contract to his pub landlord seem rather innocent in comparison.
Re the meeting- Paul is a class act, a wily political animal is just what we need amongst the vipers nest that is Irish politics.. I noticed he dissed coal and oil but left peat alone which even worse, but has a place in many Irish hearts as a long ancestral tradition, rather like fox hunting I suppose..You may not really approve but part of English culture
rather like stone church spires, warm real ale with silly names and cricket on the village green..
Ps. For any cricket fans, my local leisure centre had live Sky sport commentary on ladies cricket yesterday- Trent Bridge Rockets v The Welsh National Team- I swear this is true, the commentator said '23 runs from 15 ovaries'
Yes, agree, that was a marvellous post Keith. There have been some truly great posts since the placing- which is completely justifiable in my eyes. Placings haven't done CHAR any harm, the market responds negatively to repeated placing to bail questionable companies out, such as CEG/BPC but not when there is a clear plan of action that can be shown to be of great benefit.
As we know though, as soon as there is a clear path and a crackle of excitement In the air, the naysayers seem to crawl out of the woodwork in a concerted effort to sow seeds of disharmony..
Watch out of curiosity, when there is there is some bad news released in future (God forbid but it will happen, such is business) . There will be myriad 'glass half full' individuals ranting at random- However when things are going really well, there are far more pincer type, tag attacks, character assassinations etc...it is a pattern and I'm sure it is being co-ordinated..
MEM- we actually have four possible plays in Ireland
-Successor licences for Corrib South/ Ram's Head
- LNG FSRU (looking good, because now the leader in Fine Gael, ex PM Varadaker now supports- LNG if non fracked gas, which unlike NFE we guaranteed all along) Plus of course our FSRU will not be trashing an area of natural beauty for breeding wildlife I.e. the Shannon Estuary
Using the depleted Kinsale field, using existing infrastructure (saves cash and materials so reduces carbon footprint) before it is decommissioned as a gas storage facility. The EU and editorials in the quality Irish press are pressing hard for.
CCS EOR, proved as working currently with LOL in Trinidad to help them eke out a few more million.barrels out of Corrib, now their only producing gas field.
Plus of course T & T maybe compensation from CEG orf between £0.5m -£12m- they have terrible firm owing Stenna, Baker Hughes, The Bahamian Government and more, all too big to chase them..we could get their one producing field as compensation as the y could soon go under..
Then, there is the green.hydrogen play that some of us have long been excited about, particular as we have the raw materials to hand via our
partnership with Massey -
It almost seems to good to be true...15p by spud in Morocco, 35p by Christmas anyone? Or maybe more...
Nice one Voskos, that's great news no need for further speculation. Splendid initiative, much respect.
Love it Chesh; haven't heard 'soz' for decades;thought it was Stoke slang..
Where you from by the way if you don't mind me asking? Looks like you are going to be on our board as a bantz merchant or possible buyer for some time now...
I'm from Kidsgrove right on the border between Chesh and Staffs- always preferred your side of the fence to be honest, better pubs, nicer people fresher air and not full of industrial working class victims blaming the world for their want...
Come on in Chesh, the PRD water is fine, most of us one here know a good thing when we see one..
You don't post on CEG anymore I notice, plenty on there 97-99 % down- must have hurt a tad...
And BLOE,,, where I lost £35k but c'est la vie, would have been £43k if I'd have kept holding so did well. Saw you involved in a heated drbate last week as to whether a £4.5k trade was a buy or sell..mind you it was the biggest deal of the day so I suppose all things relative..
I'll catch you over there soon, when PRD hit 9p I'll be £150k up again and feeling right for a gloat-
Toodle pip for now my cheesy chum ())';:-
Nico
More good stuff, the heat is certainly on Eamon...
https://www.thetimes.co.uk/article/how-ireland-is-freewheeling-into-a-possible-energy-crisis-lfn9r0xzc