Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Everything is immaterial until it isn't. As retail investors, one has to take all the immaterial pieces of information one can find, and connect the dots in order to capture the largest gains once a material announcement is made. My view at least.
Also, it is pretty obvious someone(s) is keeping a cap on this stock. That has been the case ever since the placing for anyone that has been watching the short data. I think the Petrohunter trustee has also been selling shares to cover all the expenses that have been court-approved throughout the bankruptcy proceeding. Again, just my thought on the information at hand.
All these things will solve themselves. The finish line is getting closer, and that's all I care about.
FYI - couple highlights from the EPA approval:
The well is planned to be drilled in 2019 with finalisation of the well testing activities in December 2020.
The total depth for the production hole section is likely to be reached at approximately 2,000 m (6,500 ft) below the surface and extend up to 3,000 m (10,000 ft) laterally within the reservoir.
During the public comment phase, the department received 6,311 submissions, consisting of 6,284 submissions (form email letters) via internet campaigns and 27 submissions via the advertised Department of Environment and Natural Resources public engagement modes.
GO TIME:
Environment Management Plan for Kyalla Drilling, Simulation and Well Testing Exploration Permit 117:
The NT EPA has decided that the potential environmental impacts and risks of the Proposal are not so significant as to warrant environmental impact assessment by the NT EPA under provisions of the EA Act.
https://ntepa.nt.gov.au/__data/assets/pdf_file/0006/719700/decision_statement_reasons_kyalla_drilling_stimulation_well_testing_ep117.pdf
Note the decision was made on August 7th. But was just posted online today. We are within days of Lawler approving the EMP as the last hurdle to get this bad boy going.
It is clearly all about the money one way or the other. It's possible the court case will shed some light on how greedy Blundy is trying to be.
Anyways, two-faced Ashley is really showing his colors. He wants the gas companies to bow down to the pastoralists but at the same time is trying to tell the Native Title Holders they have no right to negotiate non-pastoral use permits.
https://www.queenslandcountrylife.com.au/story/6329964/red-tape-strangling-ag-development-in-the-northern-territory-say-cattlemen/?cs=4707
I also discovered that Eva Lawler actually appointed Manicaros to the Bushfire NT Board of Directors last year, so there is obviously some familiarity between the two. Reading between the lines of some of Lawler's recent comments in the legislative hearings I think she is fully aware of Manicaros' shenanigans and hypocrisy.
I’m starting to think that Manicaros has got his hands in this deal a little too much. I already know the dude is a bit sketchy to begin with, but have seen enough to think he is benefitting from all of this more than just as the NTCA CEO. Obviously as a former newspaper editor, he’s pretty adept at controlling the narrative, and his narrative has changed considerably since prior to becoming the CEO. It’s all just smelling a little rotten to me.
There is also a new portion of the conference called the the Environmental Management & Logistics Forum which will bring together environmental practitioners and members of the resources industry to showcase ways for the mining and onshore gas sectors to better manage their environmental impact, while also supporting stakeholder engagement and regional development. Also a lot of focus on the onshore industry with some interesting speeches/discussions taking place.
https://www.ntresourcesweek.com.au/nt-resources-industry-environmental-management-logistics-forum/agenda
NT Resources week is coming up the first week of September. It is loaded down with discussion on Onshore gas.
https://www.ntresourcesweek.com.au/seaaoc/
Interesting to note is that Justin Dyer of Hayfield Station will sit along a panel discussion titled "Working together to achieve success" Hayfield Station is where the Kyalla well is planned. Also on the panel? Ashley Manicaros, CEO, Northern Territory Cattleman’s Association. AND? Stephanie Stonier, Corporate Affairs Manager (Northern Australia), Origin Energy. Should be interesting in light of the court case...
Schlemiel's buddy Shaun Drabsch will be making an appearance...
The SEAAOC portion is now called Southeast Asia & Australia offshore and ONSHORE Conference. I don't think onshore was in the title before. Could be wrong.
Heading north from Alice Springs. I am sure it is Santos' rig.
I noticed a couple comments online from locals that a drilling rig is currently being transported up the Stuart Highway in the NT. I would guess it is Santos' rig, but you never know...
I will also add, when we find out the EMP has been approved, it will actually be several days to weeks to when Origin is aware that it has been approved.
As far as predictions go, I think the EMP gets approved at the end of this next week. Just a gut feeling...
Why is everyone of the opinion that Origin won’t continue operations through the wet season? Dr. Close, while only a geologist, has made several comments on what it would take to work through the wet. I am of the opinion that the wet is not the deterrent which some on this board believe it to be.
Ms. Lawler's most recent comments made during this week legislative sessions:
QUESTION:
In light of the court action launched against Origin Energy for its plan gas exploration on Amungee Mungee Station, can you advise what discussions you have had with the NT Cattlemen’s Association regarding land access legislation to protect our one-billion-dollar-plus industry? When can we expect land access legislation to be forthcoming to ensure our pastoral industry does not become mired in law suits to protect their functioning businesses?
ANSWER:
We continually speak with all groups about these ever-important matters and issues. It is a critical time in the Territory’s history and we know that we have to diversify and have new industries. I am extremely proud of the work that our government has done in bringing those industries, particularly the onshore industry, into the Northern Territory with world-best regulation. We know that we have accepted the 135 recommendations from the Pepper report. That was done wholeheartedly to make sure that we give Territorians the confidence that this industry will come into the Northern Territory, in the world’s best practice. Part of the systematic way that the report was laid out, was to lay out things in the time frames that they needed to be done. We made sure that we addressed the things that needed to be done for that industry to start safely in the Northern Territory. We understand that there has been an issue at one location, which is an ongoing court matter so I will not discuss that in any detail, about access arrangements. There is legislation that will come into this House later this year, with a defined time line when all of these recommendations, regulations and new pieces of legislation get done. It is very clearly laid out and is a process that we have been working our way through. I am proud of the work we have done to make sure that we do that in the correct sequence, time frame and to give Territorians the assurance they need. There will be legislation that will come to the House in the coming time frames and it was discussed. We are in constant communication with the NT Cattlemen’s Association and will continue to be. We have clearly said, as a government, that the only way that this industry or any other can be successful in the Northern Territory is in conjunction with every other industry. Fishing, farming, agricultural and aquaculture are too important to the Northern Territory for any of them to be put at risk. We encourage all of those players to work closely together and that is part of my role in advocating for all of those parties, trying to mediate with people to sit together and work through things in the best way they can. At times that does not happen and they end up in court, which is unfortunate. We will work our way through that and bring that legislation to the House later in the year.
Ms. Lawler is quoted as saying her legal advisors have stated the lawsuits have no bearing on whether she approves an EMP or not, and that it is up to Origin to determine if they have provided adequate stakeholder consultation. To me, Blundy's lawsuit doesn't make much sense, unless he is just trying to throw as much crap against the wall as he can. But I haven't read the filings so I don't know what all he is claiming. The temporary injunction was filed after the EMP approval for the water bores on the Amungee Mungee station (EP78), and why it popped up so quickly. The EMP process is a little unclear to me, as Origin filed the original EMP for the entire process of drilling and completing the wells, but the NTG is only approving them is spurts. Water drilling, civil works, drilling, etc.
Blundy filed for a temporary injunction once the EMP was approved in addition to his previous case he filed that was reported in the news. The other case will be heard in September. I can't find a decision made on the temporary injunction but considering the anti-fracking crowd hasn't made a peep about it, I would assume that Origin did prevail in the temporary injection case, and likely helps Origin's side for the September hearing. I said this earlier, but having read through the recently approved EMP which provides a pretty clear timeline of Origin's engagement with Blundy, I feel pretty good about Origin's chances of winning that case as well.
The Blundy case started today (August 1) in the Supreme Court of the Northern Territory. I didn't get the agenda link pulled in time before they replaced it with Fridays proceedings but chatter online suggests it was adjourned until Friday morning, but the Friday court list makes no reference to the case. It was being heard in front of Judge Southwood.
http://www.supremecourt.nt.gov.au/courtLists/
Decisions are posted here:
http://www.supremecourt.nt.gov.au/decisions/
I wonder if this whole thing is a ruse to get some case law in place. Just a thought. After looking through the latest approved EMP for the monitoring bores, it was evident, and made particularly evident, the communication with the landowner was abundant and over a lengthy timeframe.
If I remember right, there were only like 24 written submissions to Origin's EMP. All the rest were pro-forma email submissions from LTG and other anti-fracking groups, which the NTG seems to mostly disregard.
I'll try to find the reference for those numbers. Newtofo may have it, as I think he referenced this before as well.
And Santos’ EMP was approved.
“Meanwhile, the first Environment Management Plan (EMP) for Onshore Shale Gas Exploration Drilling has been approved in the McArthur Basin, following the completion of 31 recommendations from the Scientific Inquiry into Hydraulic Fracturing required before shale gas exploration and drilling can commence”
All 31 recommendations identified by the Scientific Inquiry into Hydraulic Fracturing (Inquiry) as requiring implementation before exploration drilling and fracking can occur have now been implemented.
https://www.katherinetimes.com.au/story/6290960/katherine-declared-frack-free-victory-over-no-go-zone-fight/
Pretty sure that news story I posted a week or so ago said this case is scheduled for a September hearing. (Or maybe they will reach a settlement prior to the hearing.)
Sorry for the source, can't find the direct link.
https://www.facebook.com/DontFrackTheTerritory/videos/367016197343227/