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Just like the two of most successful businessmen on the planet Redbox ; Donald Trump and Elon Musk- Keep Tweeting Lonny, you're in great company.
When all said and done Voskos, that will take time and Ireland needs gas now. However, sure we can source LNG for Mag Mell from T & T. They are already a major exporters the infrastructure is in place, we have the contacts..
That's cleared a mystery up for me Tesla, I didn't see how Spain could sell gas from its national grid and keep its promise to Algeria that no Algerian gas would be sold on to Morocco via the Mahgreb pipeline..
Bit disappointed to tell the truth, I was half hoping they just didn't give two hoots and were sticking two fingers up at the FLN junta.. maybe because knowing there would soon be a gargantuan producing gas field in Morocco, a less cantankerous neighbour.
I'm a dreamer...
Still bottom fishing (phnarr, phnarr) my cheesy chum..you've been quiet on the CEG/BPC/CERP/CERL board (BTW what are they called today?) I only check them out cos we, (PRD) have hit them with the mother of all lawsuits and khopefully they will soon be put out if their misery.
Now I'm here because I wanted a spot of beer money BLOE money a few weeks back when it looked like you were about to break the 2p glass ceiling. Alas not to be...
I was in BLOE last time for near 2 years and lost £30k... I recognise the names Astec, TonyF (a Yorkshireman if I recall) even Scamp the Dogger..come join the good ship PRD my erstwhile comrades, she sets sails shortly - destination - maybe the moon, maybe a further galaxy but hop onto our Interplanetary Spaceliner (I nicked the name of a song by a mate of mine, used to be in Spacemen3) appropriate for the journey on which I'm about to embark..
Nicodemus - I come in darkness
Until October 2021, Potter was CEO of CERL- CERP never really went away, it just became Ltd rather than Plc. This entire outfit flies by the seat of its pants..master's of delight of hand, smoke and mirrors and ingenius initiatives to raise cash.
Can you believe BPC had a list of big hitting creditors but managed to ring fence their only assets in T & T out of their reach- Baker Hughes, Stena Bahamian Govt to name but three.- Still maybe they are actually too big to be chasing for what's effectively pocket money for them, and the BoD guessed that would be the case.
I honestly sometimes have to pinch myself in regards to.my good fortune in finding the rough diamond on the dust that is PRD, soon to become a highly prized, polished gem.
We've really got three plays in Ireland now at a time when they are desperate for all three, or st least would be if their politicians weren't in denial. Quick recap for anyone browsing and thinking of taking the plunge or recent investors thinking of averaging down
-LNG FSRU
-Licences for Ram's Head and Corrib South (proven gas, by Marathon a few decades back but were looking for oil, the gas they found wasn't commercial viable at the time- It is now!
-Gas storage at site of Kinsale field
T & T
-C02 EOR project underway with Lease Operators who will surely be a far more reliable partner than CEG
-£12m lawsuit launched against FRAM/CEG, they have assets, they are no longer included in T & T government publications in relation to CO2 EOR, but we are now...hopefully, the government and courts will see what the rest of us have known for a few years re BPC/ CEG..
A good result in Ireland and T & T could make some of us millionaires..
- Morocco
The jewel.in the crown of course, Morocco could make some of us multi millionaires..
Good luck all, anyone dithering...fill your boots next week.....
I'm a big believer in karma Oladapo, deals done in good faith with honourable intentions will be rewarded sometime in the future, it's the way ghe universe works.
We went into CO2 EOR for the best of intentions with CERP, a rather boring but relatively reliable choice of business partner. No one was expecting them to be taken over by BPC, a bigger bunch of shysters you'll struggle to find this side of the law. In o & g for 20 years and never discovered, let alone produced a single barrel of oil.
Let's see what happens, many of us mentally wrote of T & T and Ireland a year ago but I really do now believe both will come good.
OK, cheers Lochnez, wasn't aware, that makes the Spanish position all the more intriguing. I'd have thought all the more reason to keep the Algerians onside and not irk them.
Now that's interesting Turtlewax . Algeria had originally guaranteed Spain's supply via the Medgaz pipeline on the condition that they wouldn't sell on gas to Morocco via the Maghreb pipeline.
Question is, at such a time of energy crunch, why are the Spanish no longer kowtowing to Algeria? Are they confident that their needs will be satisfied from elsewhere?
Annoyingly, Sinn Fein and Labour have both been supportive of the 'natural gas phobic' stance of three parties in government. Recently they backed the government against a pragmatic gas related proposal from the Rural Independents.
I'm wondering which party, other than Ryan's obviously , will be the first to break ranks. Surely there will be more votes being pro gas than anti should things go boobs up as winter approaches.
Sinn Fein have shown themselves to be cynical scoundrels in regards to energy when suits in.order to curry favour with rural voters. They voted against a national peat burning ban and many times locally against on shore wind farms. Clearly not the committed eco warriors they like to make out they are.
Indeed T-TT, been invested of years and pretty sure we have not been mentioned before in T & T government publications in relation to CCS EOR. It has always been Petrotrin/Heritage, plus FRAM or one of the many earlier or current incarnations of CEG I.e. FRAM, BPC/CERP or now CERL stealing the limelight. Interesting that none of the myriad acronyms mentioned in this publication.
I'm no Leaver but I feel sure that Ireland's kid glove treatment by the EU is Brexit related. They want keep their most trusted anti-Brexit ally fighting with all guns blazing in the coming storm that is the NI protocol.
In my mind, there is a big difference between Malta, Cyprus and Ireland-the former two small islands, until recent both non-gas producing and having no gas storage facility. Ireland on the other hand is a producer that had a storage facility until recently at Kinsale. Since the field stopped producing, capacity could be increased quite significantly were their intransigent politicians minded to approve development.
Apologies if posted yesterday, life to short for trawling through the battle ground looking to check if anyone else has.
https://www.malcysblog.com/2022/06/oil-price-ceg-gkp-san-leon-southern-lamprell-and-finally/
I think MSM have played down the significance of Russian gas in the UK. 17% of our gas is imported as LNG and 12% of that is Russian, making 2% of total.
Doesn't seem loads but things are super tight and the Qatar and the US can't be guaranteed to make up any shortfall for the UK and ultimately Ireland . There is a serious problem on the horizon, many EU nations will be bidding high for any spare Qatari and US Europe and if we run short, so does Ireland...
I'm also pretty sure that sensitivities regarding Permian fracked gas will fly out of hhe window once winter approaches. Putin is already cutting down exports to ensure Europe has just enough to get by, but nothing spare to save for a rainy day.
Apologies if posted before, old news from last month but worth a read to remind ourselves quite what an insane game of chicken Minister Ryan is choosing to play.
I swear there is something of Mao or Stalin in him; obviously not the evil murdering tyrant but in his unswervable belief in the righteousness of his own principles and to hell with with the collateral damage- Though not mass starvation due to forced collectivisation of farming , data centres pulling out of Ireland will cause misery and unemployment during very uncertain times, but he seems to not care.
https://www.breakingnews.ie/ireland/warnings-of-catastrophic-electricity-blackout-in-event-of-major-storm-or-cyberattack-1303043.html
Very pleased to see the quality press in Ireland keeping the heat turned up, no pun intended..
https://www.thetimes.co.uk/article/winter-of-discontent-power-failures-energy-crisis-in-ireland-mmwtdqfnq
Apologies if Tweet below has been posted earlier.
Alan Linn is the chairman of the Irish Offshore Operators Assoc. He was also CEO of PVR until the stepped down last October.
https://twitter.com/OffshoreIreland/status/1536984353120591872?s=20&t=cRGWZ87qMvtdpk_xsFT0jA
Unless of course Keith, Paul and Lonny have everything on hand and under control.
I'd not think.it beyond their capabilities a d in that case, they have an abundance of time to get to grips with the devil in.the detail.
£50k PRD sold £30k bought..
Hardly a bloodbath is it?
Reading between the lines MEM, this bodes well. As things stand, Ireland can not guarantee having an ungodly amount of gas to fuel the power stations.
Surely Eamon isn't coniving enough to agree waste a fortune on nine white elephants just to prove a point. Surely, he must be confident confidence that they have access to enough gas to make their building worthwhile..
But from where? An increase from the UK via their only interconnector at Moffat certainly can't be guaranteed- these are uncertain times and our national energy security is first and foremost.
That leaves either LNG, which as we know requires approval for at least one terminal or FSRU as they have no import facility at present-
or an increase in local gas production...as Corrib is rapidly depleting, this seems unlikely
Which leaves drilling fresh fields e.g...Barryroe, Corrib South, Ram's Head or am I missing something.