Member Info for oxygen

“Take the Government to Court” …well it’s an idea and may be welcomed by Ed. given he’s pretty close to someone who’s specialised in Contract & Environmental Law as a KC, like Dame Justine Thornton DBE, and now a High Court Judge . Oh and is married to Ed .!!

Not sure many in their right minds now trust a word that Miliband utters, and certainly not risking £millions, only to find he’s moved the goal posts yet again !

Seems Milliband has thrown a spanner into the previous 33rd offshore oil and gas licensing round that had invited bids for up to 35 areas of the North Sea and currently being considered by North Sea Transition Authority.

In a statement late on Wednesday, Miliband's spokesman said: “We will not issue new licences to explore new fields “, which must presumably include those latest areas, not forgetting all the work that will already have been done. The madness continues !

Interesting, can’t imagine too many buyers around currently so AB could acquire the lot at a very reasonable figure. Guess partly depends on what else he may be looking at.

PM. Presentation, you’ll be lucky was cancelled due to some football match !

Plus anyone into charting will have disappeared by now, back later maybe.

Well let’s hope Veri Energy tap into Labours latest rebrand, the National Wealth Fund & its £7.3bn pot targeted at Green Industries. I’m sure Salman can convince Ed. we need cash to first paint those vast underground storage sites just awaiting to be stuffed with carbon. Interestingly it’s reported Ed. doesn’t yet have an EV ….prefers Jets and an ICE Range Rover to get around in. You just can’t make this stuff up !

Well let’s see what’s in Labours autumn budget. The Market looks like it’s accepted the EPL moves to 78%, Investment Allowances are cut & No new Licences will be approved. Perhaps we should be thankful Ed.M isn’t Chancellor , as don’t think he’ll stop there !

“customers - stronger fuels margins”…i’m sure that will be seized upon by those always complaining about pump prices. Sometimes it helps just to keep quiet !

Also we’re only 60% thru the Treasury top up, so as yet no benefit to SH’s hence probably just adds to the current depressed sentiment !

Personally can’t see ML meeting their objective thus raises the question about future Buyback plans maybe balanced with dividends to achieve overall SH returns.

Also at some point Ed. will need to explain to Industry, there to make money, his recent statement “ the reductions to energy costs for households would be “mind-blowing” as a result of Labour’s plan to move to 100 per cent clean power by 2030 “ . The inference being their returns will also be tightly squeezed as per O&G, to achieve such savings. He’ll certainly have to explain himself and guarantee fiscal stability and balance, to attract the £bn’s he wants.

Anyway we’re now past the promises stage, and onto delivery phase so he’d better get a crack on …two days down only circa 2000 left !

Will be interesting to see how Veri Energy plays alongside GB energy. Whilst rather ironic to be supporting initiatives from someone intent on destroying your parent, given RR previously outlined £1.5bn would be made available to speed up Carbon Capture & Green Hydrogen I’m sure SVT will soon be rising in popularity. We just need it making money & lots of it !

AA.. Can’t see RR making specific comment on O&G today, but guess those were comments made previously. Irrespective she’s inherited far bigger problems than we present, and she still needs us !

Whilst I’m sure Ed.Milliband wants to go down in history as the one who turned the UK net zero, he has to first get thro a transition period and for that he needs the O&G Industry. That’s our only hope, and then provides time for the Operators left to seek pastures new. We’ll be offered enough to keep us temporarily alive as insurance against the renewable industry failing him meet his timescales (It’s never a politicians fault ). The good news is Labour will find there’s no money left so funding other Public Services will first take priority over Net zero , which will likely be pushed further out.

Hi Dumbly. I think Ed.s fight will principally be with the Unions, as if the predictions are correct Labour will be able to drive thro. whatever legislation they want with little opposition. However he’ll still want the public on his side and thus all stakeholders really need to be armed with facts he can be challenged with. Whilst I don’t get to see much UK Tv it always frustrates me when I see clear outlandish claims being made just left hanging in the air. Of course we may all be pleasantly surprised if more moderate voices within Labour come to the fore , helped by the lobbying that will have been going on, as there can’t surely be very many with Ed.s mindset !

US Mkts closed for Independence Day, they won’t be happy but for others it’s quite a pleasing day ( thankfully bought loads more at 44p ).

Once Ed. is allowed back out again we can expect the top line Norway comparison to feature large. Given it’s not too difficult ripping the facts apart it is hoped the opposition are ready, would take up less than half an A4 sheet !

O/t I know, but that story reminded me that in Wales mandatory sex education of primary school kids ( 7 yrs +) is taught with prominence to LGBTQ+ ( had to look that up ) themes. That together with the adoption of gender neutral (neo)pronouns like xyr, zem, or zi, it’s little wonder the young get easily confused and may be lost. Gone are the days when a quick fumble behind the bike sheds, was your only education !

Given the initial Share Purchase agreement with ML was until 30th June, it must now have been extended as buying continues albeit at derisory level's, under £10k yesterday ….would like to put the misses in charge, she’d soon get the spending up !

Rom. This sounds just like the sort of investment Red Ed. wants to get involved with via GBEnergy. Trying to produce sustainable biofuel for aviation and renewable diesel made from waste. It seems to tick all the right boxes…it’s located overseas thus the UK doesn’t incur any nasty process emissions ; has a min 4 year lead-in time (assuming all goes to plan ….questionable ); recognised industrial leaders are already questioning the return on equity; there’s already an ample supply of alternative fuels that require no engine considerations before use !. He’s probably on the phone to Shell already.