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Got excited there Chislehurst, but I did wonder how something so huge and expensive would be in situ without us knowing and before permission to import LNG to Ireland had been officially given. It is the same photo used for an FSRU in Lithuania.
Let's hope so MEM. You predicted a week ago that you expected a rise of 1.5p per week up until spud and that was spot on. Of course, with good news breaking in T & T or Ireland, who knows....
Like most of us, I was aware that Ireland had a lot of data centres and that they use an awful lot of power. I didn't realise until I read an article posted yesterday, that Dublin was now the data centre capital of Europe. All very exciting stuff..
Let's remember the Burundi government hasn't singled us out, can't remember who, but one of our posters foundation government document in French that was reviewing all foreign.mining interests and payments.
I'm sure neither we or TK haven't been trying to short change Burundi. It's not like pulling a fast on on Wall Street or fiddling the books in Leichenstein and I'm sure a number of investors are in here for ESG reasons as well it being a great opportunity to wealthify ourselves.
Sorry- forgot to paste.
Robert Riley13 May 2021 10:06
Morning all,
Did anyone notice the new appointment of Mr Robert Riley as a new non exec of BPC as in their rns.
Mr Riley has many years experience in the O & G industry notably CEO at one point of BPTT as well as working for other Majors in executive roles.
Their message this morning is of increasing production and generating cashflow.
Interesting that one his current non exec directorships is with the Massy Group as mentioned at the bottom of the rns.
Moves on the Chess Board ?
https://www.lse.co.uk/rns/BPC/proposed-new-board-member-and-saffron-2-progress-7v27mnkvcun8rfq.html
GLA
Wacky
Morning All
See below post off the PRD board. For those of you unaware, Massy are the petrochemical plant working in partnership with Heritage and PRD in providing the C02 for EOR on T & T. It looks like there could be a tie up here and we could all be working together.
Good luck with the Saffron drill, hopefully your new CEO will decide to invest boring bread and butter projects such as in improving production rather than wild adventures, for the time being at least.
I'd honestly thought BPC were for the knacker's yard, especially now their shares have dipped below placing value.
Maybe not, Mr Riley certainly has plenty to offer, he has obviously seen something of value that the most of us who've followed BPC's fortunes have missed.
Hoping their Saffron drill is successful, hopefully new CEO will use any spare money to invest in EOR for existing ex CERP wells.
Another good read 2D, nice to see the Irish being reminded of the fact that the LNG the US exports is fracked.
I'm curious to know what Joe Public in Ireland is thinking in regards to climate change. Everything we read on.this board is in quality papers or journals. I suspect the farming section of the Irish Independent isn't to widely read, but I suppose politicians, business people and senior civil servants read quality papers and that's what counts.
Good Afternoon All
Sefton.An excellent word I've learnt from you today; 'trifecta'. I had to Google, and bought back happy memories of visits to dog tracks in London now closed, where it was a tricast.
I've always thought of us having 1.5 plays in Ireland with the Corrib/Rams Head licence as 0.5. However, the more I read about data centre usage, guarantee of security of supply from UK and EU, Corrib rate of depletion and now the carbon footprint concerned with import, I'm thinking it's four.
2D - An excellent document re Rams Head. One thing I noticed that should set Irish Eyes Smiling was mention of possible export of surplus to the UK. It mentions Marathon not bothering developing in 1984 as there was no inter connector to the UK at the time and domestic needs fully met by Kinsale- that I find very reassuring. No business case, pure and simple as opposed to it being a geographically/ technically risky venture.
No indeed Androcles, I wouldn't think ammonia worth shipping accross the Atlantic either. However, if we are shipping LNG across the ocean to from T & T to Ireland we'll have contracts transportation infrastructure in place, enough maybe to cut some deals make it worthwhile. Don't forget, we are working alongside Heritage, Massy and the government.
Pragmatic politicians around the world seem to be accepting gas as a transition fuel on road to renewables. In the same vein, I'm now to be I'm blue hydrogen may well become the next big transition fuel on the road to green hydrogen. Producers of ammonia ought to start looking a fresh markets because ammonia/phosphate fertiliser in beginning to get a bit if a bad reputation. Bumper crops today, yes but for how long? It is already starting to be proven that organic food isn't just better for the eco system, it's far more nutritious.
Sorry Androcles, it's been a while since I was reading up on blue hydrogen, CO2 is a by-product not an ingredient. Ammonia is though and we could lay our hands on plenty of that through Massy.
However, as per Adon's post, I had been thinking we could use CCU in Ireland rather than merely CCS, as he rightly says kill two birds with one stone. As per earlier links posted, Ireland using indigenous gas is an awful lot greener than imported gas so by extending the life of wells in Corrib we'd actually be helping them to kill three birds with one stone.
Exciting stuff, reckon covid has concentrated the minds. The report Tesla posted mentioned blue hydrogen, I've had a feeling for sometime that this could be something we could be involved in, and now it has been proved to leave less of a carbon footprint than wind turbine produced, that is looking ever more possible.
Seems waste to safely store CO2 when it could be utilised instead. We have the relationship with Massy, plenty ammonia there, easier to transport than hydrogen..
Always thought mind you that it would be part of our Morocco adventure s they are the world's leading phosphate producer and already import huge amounts of ammonia to produce fertiliser. Plus of course they are building a hydrogen fired power station in partnership with a German company... so who's to say we may not be involved there as well...
No evidence, obviously, but just a strong instinct...
Pure gold dust Tesla, unless anyone else has managed to carry out undercover ops on the manor, that has to be us. Are the Irish politicans finally going to see sense?
Interestingly the security of supply card is being heavily played with the logistics of gas being pumped from Europe via the UK. As we now know, the carbon footprint for gas coming from.the UK is four times greater than indigenous, from Europe via the UK, you could expect to be even higher.
Probably best to keep.the eco card well up.the sleeve for the time being. The Greens and Sinn Fein will obviously both play to the audience and kick off an almighty stink regarding fresh drilling so.keep the powder dry.
Could be doing worse Norsk- I was in CHAR and got out cos I saw one too many interviews with Larry and thought he was a total muppet. Went up four fold soon after when he was replaced by Adonis.
I only have two shares now, PRD and RBW (where Adonis is the major shareholder) He's really a mining man and I can't help think that PRD's and RBW's fortunes will be entwined, with CHAR also being in.
No evidence at all, just a kind of vague spiritual trust as to how the universe works and a few very tenuous associations. I'm a dreamer but so were many of history's most successful and wealthy men.
Anyway, welcome aboard, strong hands I hope, that is what makes PRD potentially so powerful, a lot of shares in the hands of true believers. Almost every day, someone unearths an article or evidence from an old RNS that adds pieces to the jigsaw and makes you want to hold for £1 or more..because you now it is coming, just like night follows day or the next full moon. We have that much certainty..
Evening Locnez, yes that's true, just got carried away there, no need on a freshly drilled well that's flowing nicely is there. Flows too quickly and the well will collapse.
Where I think it could come into play is Ireland. Mk or maybe Mick mentioned Paul's earlier remark today 'why not Ireland'. In T &T, we managed to get a depleted well flowing from 0 bopd to 20 -50 bopd. I was thinking if we could offer to get wells Kinsale flowing again before the infrastructure is destroyed it would look far more impressive than extending well life in Corrib. Something from nothing, magical, miraculous Lazarus rising from the grave, lepers leaping etc...
Top find again Tesla and hot off the press I see. Therein lies a real problem for the Irish Greens....'people needed to reflect on how important data has become in their lives.'
That's is a very naive quote for a serious politician. Firstly, most people think they're being green by working from home or going paperless online banking. Secondly how does she think people can function without Google Play, you have trouble buying a pint someplaces without an app/s (plural) on a Smartphone.
I'm a pretty green guy and I've learnt today that data centres devour far more electricity than I realised. A third of electricity in Ireland by 2028. Also that with transportation, Ireland buying in North Sea gas from the UK leaves four times more carbon footprint than piping gas from Corrib. Buying LNG from the UK, twelve times.
I'm thinking needs must; they will see sense before outages cause relocation and unemployment. Our LNG FRSU project short term solution, Corrib South/Rams Head and Barryroe medium. All renewable long haul by 2050.
Happy days ahead.....
BPC about to start drilling in T & T and I believe that as per T & T regulations will now need to be EOR compliant. It could be a multi well programme if all goes well, unless Harry Potter and Eyton the 'Storeyteller' have been very busy on the quiet, they don't have the EOR technology in house so will need to buy in....
Mk- I'm honestly now thinking that Ireland could be more lucrative in regards to.our licence for Corrib South/Rams Head than LNG. I'm still thinking the LNG FSRU project will bring in huge dividends but could well be dwarfed by what a successful offshore drilling campaign could have to offer.-
to PRD; lots of cash
to Ireland; energy security
Great stuff again Tesla- can always count on you or Wacky to find an intelligent article to put me in a good mood in regards to our prospects.
This puts a whole new dimension onto the opposition to fresh drilling from the eco minded. I'd always considered the carbon footprint from a point if view of burning the commodity, whether it be gas,oil, peat or coal. I'd never considered the carbon.footprint left by transporting the commodity to the power station e.g moving LNG across oceans.
Also to.be considered is not only the footprint left by sourcing from.the UK rather than domestically, but can the UK be relied upon to deliver since Brexit? We very roughly obtain 1/3 gas from our North Sea fields, 1/3 Norway and 1/3 EU. When the EU start to experience shortages, pretty sure they will make sure their members are well supplied before selling to the UK. We of course will not go short by selling to Ireland (for empire loyalist Sefton's benefit) and that's even without any full on political shenanigans and gunboat diplomacy.
Couple of weeks back I noticed that £400k PRD shares had changed hands but only £40k SDX. On that day we both had same market cap of £37m.
Today I see £400k PRD v £10k SDX.
Clearly SDX is not a share that is generating great excitement. Hopefully when doing business together, their shareholders may see better value and massive potential here. I always check out a board when there's a strong business connection with a company I own. I bought BPC for a cheeky £2k punt because of the CERP/FRAM negotiations so expect plenty others do the same.
https://youtu.be/T7pusAWBCoE
Wall Street Journal piece on Youtube
Not long before something sparks off to make the world sit up and take notice. No matter what The Pentagon or senior Western politicians are saying, your average Joe isn't affected so couldn't care less.
I'm thinking the Chinese are itching for an excuse to play hardball simply because they need rees for their own green revolution. They seem immune to.any kind of social.or political criticism but I do believe they are sensitive about being reminded that they are the world's worse eco destroyers.