Member Info for oxygen

Dumbly. And this from a guy who wants to leave work at 6.00pm on a Friday !, but agree without fiscal encouragement no amount of tinkering with planning rules, improved infrastructure or energy transitioning, will accelerate private sector growth from existing levels. For that reason I’m likewise mildly confident Ms Reeves will see our existing energy sector as rather more essential than some of Labours negative rhetoric.

Interesting article from Sky News this morning, that again highlights how Labours NS plans, to rely upon others for energy, plays straight into others hands. This time talking about LNG imported into Europe from Russia. A short extract

“ The Yakov Gakkel ( bulk LNG carrier ) can also do something most other LNG tankers cannot, for that enormous blue double hull allows it to carve through ice, enabling it to travel up into the Arctic Circle and back even in the depths of winter.

And that is precisely what this ship does, more or less constantly: travelling back and forth between Siberia and Europe, through winter and summer, bringing copious volumes of gas from Russia to Europe. It is part of the explanation for how Europe never ran out of gas, even after the Russian invasion of Ukraine. “

Note since 2022 Europe had paid Russia circa €10bn for its LNG and the irony is the Tanker mentioned above is owned and operated by a British company. You could be forgiven thinking that’s tantamount to treason ! . A good article & worth reading.

“Ed Miliband, has been largely missing in action” … why I wonder, as for someone quite vocal it would seem he has been silenced for a reason. Either Labour realise their GB Energy initiative won’t survive scrutiny or more moderate views are prevailing. Shame the UK isn’t currently under two feet of snow as that would have fetched him out of hiding.

Can’t see Darlene as the new CFO, most her age ( 67 ) are looking to take life easy , but would certainly be useful sitting in on the interviews !

@spin. Likewise it made me smile, albeit a depressing reflection on the state of the UK.

A resetting of our Mkt Cap. really needs to begin now. Circa £150m for what we hold is inappropriate.

Reported in the Times today “One of the UK’s biggest infrastructure investors, Pension Insurance Corporation, has called Britain a “Banana economy” — “banana” standing for Build Absolutely Nothing Anywhere Near Anything (or anybody).

Guess it won’t be long before GB Energy is known as Great Banana Energy, eg. building offshore wind farms without connectivity !

It’s not what the Platform is worth but what the aggressor can acquire it for, and that could be a lot lower than many expect !

Heard it said that the amount of energy consumed in extracting /making materials / building / transporting / installing & maintaining a 2MW Windmill won’t be repaid by said mill before it falls apart !. Not sure if true or false but hopefully someone has costed this out …. one for Ed!

At least a “vast landscape of triffid turbines “ will house a nice lot of oil ( 200/300litres each just for lubrication ) forgetting that consumed in the Mfg / Installation processes. Can only assume Ed. didn’t study science, mathematics or common-sense at school.

Would agree that if CC has discovered something she’s not comfortable with, then we’ll know come the AGM. Conversely silence will be a positive, but not for some.

A split decision by the Supreme Court but one that if applied to other industries could throw the UK back into the dark ages ! The madness just continues.

Company’s turned itself into a bit of a joke thankfully we still have the science, well we hope we have !

That’s an impressive Mfg capacity to cover 220,000 acres with solar panels, must be getting towards half a billion of them. Expect next customer will be GB Energy !

J. Would be nice, but Governments hold power over fiscal and licence conditions that every operator knows upon entry so even a Supreme Court made up entirely of Enq. Shareholders would likely struggle with that one !

Well not many positives around at the moment although if Labour screw the economy ( highly likely ) then the CPI index that raises the ESIM annually with have that benchmark and thus the EPL waived , within a couple of years !

Not an investor, just a regular customer but looking for an entry point. Todays reaction to the results did surprise so will investigate further but as someone who uses their App. at least fortnightly I haven’t found a better way of moving currency around, so expect growth will continue.

Think you’ll find the missing bits of Labours manifesto are the parts that will affect the bulk of the electorate. We’re in the section that says good news we’re hitting the greedy polluters , so suspect nothings been held back !

For me it’s sheer frustration that political ideologists so focused on achieving a clean energy dream within impossible timescales, can hold such destructive power over such a critical industry. I’m not negative as the sheer impracticalities of their thinking will at some point force moderation. That does however require key players to step up.

As yet there seems little detail on how Labour will achieve the rapid economic growth needed to fund public services at the same time as turning the UK into a clean energy superpower. Once Industry highlights some obvious problems investment incentives will no doubt be quickly delivered. Ed Milliband’s dreams can’t be delivered without the O&G Industries support . Currently his rhetoric is speaking to consumers, at some point he’ll need to convince suppliers to support him. Time won’t be on his side without flexibility being shown. We already have both so this could all look quite different in 6 months time. I’m going nowhere.