Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Really good read
https://www.proactiveinvestors.co.uk/companies/news/1010614/drax-jaguar-and-sse-what-to-watch-out-for-on-green-day-1010614.html
Oj17 , tomorrow is all about us. Energy security day!! , Not a Green Day.
Government will encourage future investments and tax adjustments to ensure UK is not relying on any country for its energy, also 20bn in investments in carbon capture and storage.
Where do you think they store it? Yes back in the ground, somewhere offshore in the North Sea.
A lot of people don’t understand the concept of CCS. The industry will capture Co2 from heavily polluted industrial areas, make it into liquid through cooling process and reverse flow through existing or new pipelines back into the old depleted field. Yes re-use of existing infrastructure, what happens without investments to existing infrastructure? You can guess
This method will offset Co2 more efficiently than any wind farms, electric cars and solar all added together.
Read Hynet development on google , thats the spades in the ground Hunt meant by 2024. CCS is happening and it’s better than Solar, wind and Electric cars.
Dyor and good luck
PositiveThinker I wish you all the best, we all been deep under water at some point in this game. Sometimes it’s about patience, sometimes about discipline.
I am heavily invested in HBR, based on my research and future potential, however this does not mean I m right and anything can happen.
GL
I personally can’t see the floor being lower than $60 even that is too low. $65-75 range is where I am betting, we can do the maths.
Depleted fields are used for carbon storage, read about Hynet development. Guess which Independent oil and gas producer owns most old fields in the North Sea?
Yes it’s HBR, carbon storage credit is new business for O&G, UK need to meet their net zero.
Sky is the limit for HBR, all depends on government policies and management decisions.
Good luck all
285 finish today, 300 on open tomorrow, 335 close tomorrow, go into 400s next week.
1 billion annual in extra profit, add that to Mcap. DYOR
All ducks lining up for mega jump.
1. Second production well 10k +10k bpd
2. Extra $$ on 25% of production above $75
3. 3billion for one of Oil Majors is pocket change, have faith
4. Oil price will never again go down to levels seen in 2020. Opec dont want that, Russian dont want that, their economies are based on oil sales and its clear energy transition is happening, so they will do all they can to keep it at these levels and above. I m expecting next decade to be golden era for oil and gas and hopefully i can retire in 10 years!!
Canadian oil companies at 5 year high only we lagging behind for whatever reasons, once trading statements released all oilers will fly. Be patient and enjoy the ride or go buy crypto lottery tickets
DYOR i have accumulated on every dip and will accumulate more if its being falsely manipulated to scare people on selling. Check the trades most sales executed the same second for amounts of less then £2k which tricks algorithms. This wont happen forever and will be released soon enough!!!
Enjoy the ride
220-230 with tree shake in between very short term, perfect range for traders from this level
DYOR
Hows your borders is investment happy? 20% down since your “strong buy” your valuable input on tullow is not really required, thank you
The only reason PFC was at £1 is because worst outcome (fine) was priced in. After the wording of this RNS i have a feeling we ll end up with a “dont do it again” slap on the bottom and symbolic fine. With current oil prices this will double from these levels in the next 6-8 weeks. Watch this space and Good luck all
Really a strong buy happy? Cash will be used for fat cat salaries with little or no work done till next begging bowl. You have more chance of making money from scratch cards.
I m so surprised it was so little information given on new production well for Tullow, we could be producing extra 5k oil a day (Tullow share) since July. Hopefully market goes crazy when they announce actual numbers, but apparently flow was above expectations, just saying
DYOR
What about new production wells Happy? 5-6k from first production well tied back in July for Tullows share, second production well early 2022? Potentially extra 10k on 60k current production by mid 2022
Tullow is going places its just matter of time, you can take your negative attitude elsewhere
Why so litlle emphasis on production well which started producing in July above expectations? What is the flow results? 15-20k barrels a day? Tullow cut 35%. We should see substantial increase in production figures for the next update. Also revised Kenya production is a good sign, but its a pie in the sky at the moment.
Overall decent RNS, we should be blue today
For people to make money someone has to loose money. Some bailed on the drop, but we will be back to 65p by early next week, i have a feeling. Good luck all
Ammu, I remember you from Genel, AST and Zenith boards. I better wont express my opinion about you on this forum, but i think everyone can see what you are like. Please close the door behind you and dont post your nonsense here
I just googled and found some articles about revised costs from 2.1 billion to 1 billion for construction of the pipeline. Does that include engineering and procurement i m not sure and most definitely does not include loading jetty. My previous post was a wild guess based on experience, this has to be a farm out in my opinion. Tullow is in good place, well in comparison to where it was 12 months ago, i sold 60% of my tullow shares and left remaining 40% for £1 sometime this year. GLA
MrSkipper, to build 1km on average is around £2.5- 3million, 40% of it is labour costs. Maybe a little cheaper now, but no less then 2mil per km.
The terrain is as challenging as it gets, you also need pump stations every x number of kilometres to maintain the flow as change in terrains elevation is extreme in some areas. Its not just digging a trench and putting a pipe in , you need to build a right of way (ROW) basically a road parallel to the pipeline routing. My wild guess is 1.8billion for pipeline + Jetty + dredging + contingency. £2.5-3 Billion my wild guess
I don't think word cheap should be used when talking about Kenya pipeline.
Almost 900km over challenging terrain in some areas + you need to build a jetty and dredge a huge area for tankers to dock. Its not for Tullow to develop thats for sure, it has to be sold or farm out, if not agreed already.
Inventories increase in US is due to refineries undergoing yearly maintenance, traders are mainly looking at draw down of distillate Fuel and other oils for this and next 2 weeks as refineries maintenance operations are staggered. Providing Opec continues with their cuts or slight increase of 0.5mbl we should start seeing draw down of oil inventories in the US. The oil futures were trading for less then the oil price at the time which is a positive indicator for oil price to go even higher, hence why big banks betting on last super cycle for Oil. As I mentioned in my previous post I did not expect RBL to be transformational to the share price, but successful drilling campaign could see this rocket. Unfortunately its only 33% success chance and failed drilling campaign could see this drop into low 30s again. For the first time in 15 months my tullow shares are no more in red and I need to make a decision if I m willing to take a 33% success chance to gamble. I worked on Jubilee project many years ago and have a soft spot for Tullow, but I need to make sure I wont get emotionally attached otherwise it could cost me money. Good Luck All whatever decision you make.
With US refineries undergoing yearly maintenance we will see an increase in US Crude inventories which will have a temporarily downward effect on oil price. 60 is as good as it gets for now, which is still above 55 that Tullow build their business plan on. I don't hold my breath for better then expected RBL next week, but I m hoping we will be 40p+ by June/July. No ramping or deramping, just managing my expectations
Hmmmm... All that was needed is a custom plug for C37, which was being manufactured right?
Thank you, but I'm out.... How will they fund all new acquisitions and drilling campaigns? No trust in management and at what share price the next placing will take place?
I might buy back at 50% discount from current price (maybe)
thank you and good bye