Member Info for Nobby31

Excuse the typo (given the level of vilification on this terrible board I thought I should seek everyone's good grace)

I think it meant to say committed to maintain shipbuilding (even though this is anticipated and has not yet occcurred). But then I am sure you could work that out for yourself

Morning Consuela,

We do all understand these shortcomings. Is there really a "need " to reopen and repeat all this time and time again? Why don't you cut us all out and correspond directly with the JW, AR, the Board as it is rather clogging up the message board; not that in any way are you the worst by far! It would just be much better for all if this thread was cleaned up and people thought a little more before they post as to whether it is necessary. At this point I will shut up

It could do but one of the main reasons why it hasn’t happened yet is for security reasons at the yard in NI.

The prop shaft and prop have gone to get repaired at a Danish yard which had to be recertified to enable the work to be done . The carrier has been stuck there for months which is not good for the crew and morale so hopefully it will be back at sea asap

I am not convinced that hyrdrogen can work at scale for the grid. There are several reasons for this but the primary one from my learning is that it burns much hotter than methane. A direct consequence of this is that in a grid as the mix increases so does the combustion temperature and this creates mechanical (materials) related issues for OCGTs and CCGTs in that the turbine blades can deform. These power plants are by their nature receiving grid specification gas (in this case a mixture of H2 and CH4). New power stations could run on H2 but would require a direct supply or be desgned for a variable grid blend subject to GSMR limits. So the latest decision on the ML is likely to make the whole saga somewhat more unlikely in terms of reaching the development stage but I do not rule it out. We know H2 is a smaller molecule and that creates integrity issues for containment and transportation but as a for instance(there are several options here) the power plants in proximity to IslandMagee could be repurposed using stored H2 from green power electroylsis or direct from source with storage providing back-up when the wind is down etc. So for those keen on this keep your hopes up. Ireland is a huge source of windpower but the intermittency issue is where the storage may have a life! All in all very disappointing but fits with the Labour Party narrative regarding UKCS licensing.

The caverns are under the Lough. The strata is leased from the Crown Estate with an obligation to restore them (fill with seawater?) at the end of the term. I imagine any sub let would require their approval etc

So do I (work in the industry) Heb. Your timescales aren’t correct. 2-3 years for first caverns to become operational. They’ll be batch leached. Yes lots to do before this happens but in essence no different from any other large energy infrastructure project. Can’t see HARL doing it but Shell might!

Don’t expect fireworks, I’m thinking maybe 4-5p after it’s sold into the spike. But of course it’ll depend on the terms. I think some new orders coming in !

I see my latest message parrots what Xenor was saying. Hadn’t read that !

Thanks Stokey. As of today I believe the number is at or about £190mm and there is a very high chance imho we will exceed the £200mm by some margin. What I do not know is what the cost base has gone up by and therefore whether the £200mm figure is still a good guide for breakeven

Atm only that the value of the work is exceeding the original awarded contract value(s) by some margin. I'm not close to the cruise ship sector but the work they are doing have done is getting noticed in that other operators are looking at us. Also as I think we know there are some large potential construction contracts for various projects in the North Sea. From its clueless statement about "removing tax loopholes" in Oil and Gas taxation policy, the Labour Party has already done severe damage to the upstream industries when what they ought to have done is made clear their intentions rather than a vague and asinine comment that simply makes for an uncertain investment climate. However once there is clarity there are large contracts out there just waiting to be awarded; both in conventional and renewables

It’s for additional scope Si vs the £60mm value. I’m inclined to think it’s as much as 50% more in value terms.

You're fired ....again! :-)

I'm going to suggest that we will get a firm decision out of UK government on some form of financial guarantee before the end of the month. I do not think they will kick this can down the road for (possibly) Labour to take the decision on. I'm keeping my fingers crossed. GLA

I don't think that you really need to concern yourself with the answer to that question. Focus on what you can change for the better not what you can bring down and destroy. Suggest pop the kettle on, make a nice cuppa and have a good read of the Desiderata. Good lad

... you can mark them. HARL will receive a financial solution with UK gov; it may or not be UKEF (100 or 80%) or another form of support guarantee but it will arrive and it will assist the company. If you don't believe this you have probably already sold which is understandable. No one has played a blinder here and it has been messy but I firmly expect the media hypers, polticos, paid journos, shorters and BOD "dislikers" aren't going to be successful in their quest to trash this company. Such a shame there are so many of them; seems like we love to kick ourselves up our own backsides in this country. What price success!

Sorry for confusion

the last message was to smythsmoneybox

Kindly suggest you do your homework

If Carlsberg did "conflict of interest" emails ................ excellent missive

Don't normally reveal on here but at these levels I have added