Firering Strategic Minerals: From explorer to producer. Watch the video here.
Great Minds Discuss Ideas; Average Minds Discuss Events; Small Minds Discuss People How true ....
If we're still here, then I suppose RBL could be used to supplement the tens of millions we should still have in the bank. But I suppose the theory is that when the new CPR's are published then we are put up for sale ..?? Dec / 17 """The second is in Cameroon, where NewAge is operator for the Etinde joint venture, which has rich gas and a development concession from the government that includes FLNG. This, too, may produce 1 mta of LNG. NewAge has completed the tender process for the vessel alongside the CBLNG tender process. �There is clear motivation for the stakeholders to want to take FID on this project before the end of 2018 � although the upstream joint venture plans to drill more wells to prove additional gas, which may be sold to other domestic and export markets or used to expand the FLNG project,� Mr Lowden says."" http://www.lngworldshipping.com/news/view,newage-taps-opportunity-in-african-flng_50093.htm Maybe UKGoV is claiming credit for old news ...??
One ancient name for Japan was "the 88 islands". If anyone's interested in doing some good today and the months to come, consider donating to a voice bank. (and if not you -- spread the word ) www.vocalid.co www.ted.com/talks/rupal_patel_synthetic_voices_as_unique_as_fingerprints
www.rigzone.com/news/frac_gel_now_available_at_your_local_grocery_store-6-jun-2018-155844-article/?utm_campaign=DAILY_2018_06_07&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F3 All we need now is a big bottle of coke and some Mentos .....
I think he lives under here at his friend's store .... www.dobbies.com/products/gardening/garden-decor/ornaments/small-oriental-ornamental-bridge,-beech-stain-wood/
Wonderful name for a car dealer. .. http://www.lunatici.it/
"""An improving macro environment evidenced by indicators, such as oil price stabilization and continued growth in demand, along with economic discipline by OPEC and non-OPEC members, has raised confidence in oil and gas executives over the past six months, according to the latest edition of the Capital Confidence Barometer ... """ https://www.rigzone.com/news/report_90_of_oil_gas_execs_expect_global_ma_market_to_improve-1-jun-2018-155792-article/?utm_campaign=DAILY_2018_06_04&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F1 Let it flow ... www.youtube.com/watch?v=qSgJeVwjnpc
Better to Remain Silent and Be Thought a Fool than to Post and Remove All Doubt
Money AM showing 5m sells and 3m buys so far which is incredibly low volume. Start worrying when there are 500m sells in a day ...
Perhaps Cousin Itt for the older Dave .....
Incredible photos .... www.boredpanda.com/wildlife-photography-eagle-fox-fighting-over-rabbit-kevin-ebi/?utm_source=newsletter&utm_medium=link&utm_campaign=Newsletter (Sadly not on commission...) Let it flow ... Let it Flow...... www.youtube.com/watch?v=qSgJeVwjnpc
"""Instead of OPEC, Iran or even Venezuela, the most prominent driver of oil prices over the next two years is likely to come in the shape of a shipping revolution, analysts have warned. ...New rules coming into force in approximately 18 months' time are seen as a source of great concern for some of the world's biggest oil producers. That's because global energy and shipping industries are thought to be ill-prepared for the looming sea change....""" https://www.cnbc.com/2018/05/24/oil-prices-set-to-soar-ahead-of-shipping-revolution.html Higher for Longer ... Panic Now ... Panic Now .....
not happy. At least we have light at the end of the tunnel. No mention of Bonomo.... www.investegate.co.uk/victoria-oil---38--gas--vog-/rns/q1-2018-operations-and-outlook/201805240700121077P/
"""... There are several reasons for the sudden surge in forward prices. Oil consumption is expanding much faster than anticipated, adding growth in two years that would normally take three. At the same, oil investment has dropped significantly over the past three years, particularly in projects that take longer to develop such as ultra-deep water offshore, raising doubts about future supply growth despite the gains in Texas, North Dakota and other U.S. shale regions...."" https://www.rigzone.com/news/forget_about_oil_at_80_the_big_rally_is_in_forward_prices-21-may-2018-155673-article/?utm_campaign=DAILY_2018_05_22&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F8 All aboard the 88Express leaving from platform 88 3/4 ....
From the excellent Finding Petroleum http://www.findingpetroleum.com/home/ ""Don't bet against US shale! �.at least not for a while! , As the demand for oil and associated liquids creeps past 100mmbbl/day, whilst companies wishing to access Iranian crude are confronted with the reality of sanctions once again, and there�s a meltdown in Venezuela � semi-normal geopolitics in fact � a super smart bunch of folk is betting on the oil price continuing to rise, perhaps past $100/barrel. Perhaps less well publicised than the Eurovision Song Contest and the �really sad� failure of Arsenal FC to make next season�s Champion�s League was the fact that US oil production has motored smoothly past 10mmbbl/day and is probably going to break 12mmbbl/day in the second half of 2019, driven by the remorseless locomotive which is production from the Permian Basin of West Texas, together with a chunky contribution from the deep water GoM. Quite how the supply/demand balance will play out over the next 18 months to two years remains to be seen but I wouldn�t be surprised to see the price back towards $60/barrel. IMHO of course�..though I�m not far away from the �Bloomberg Consensus� of $65/barrel mentioned in this article. But I am a long way from the article�s actual forecast of what happens beyond 2020. Yes, in the medium-longer term there is a question as to how long the Permian Basin can keep going like this � an eye-watering number of producer wells are planned for the next 3 years; but then there is a �Where next?� question still to be answered. But history tells that forecasting oil prices even a couple of years ahead is a foolish game� "" Article Link ... www.rigzone.com/news/analysts_we_see_prices_trading_into_the_8090_per_barrel_range-16-may-2018-154624-article/?utm_campaign=DAILY_2018_05_17&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F2 I presume our BE will rise by a couple of dollars as fuel/labour/services increase but $$20-$$25 profit per barrel seems OK to me... Let it Flow, Let it Flow ....
No hurry ... Long term macros are good... (not that they've ever done much good in the past...) """Despite the growth, Shell warns that the market could face a shortage of LNG by the mid-2020s due to underinvestment in new projects..."" https://www.cnbc.com/2018/02/26/shell-warns-of-lng-shortage-as-demand-for-liquefied-natural-gas-booms.html
Two wells over the next 150 days, then 3 (??) months for analysis before the revised CPR. So, only rumours and rumours of fake rumours until then... But will our suitors get FOMO ... ??
These changes will impact, indeed IMHO seriously challenge, several different groups, for example: Small-mid size companies who brand themselves as a �pure play� on oil or gas exploration and production. Investors who wonder about the nature and viability of the company they have their money in. Petro-technical staff who suddenly find themselves working in a very different outfit to the company they joined. And what does this mean for geophysical contractors, especially those who only offer seismic technology? You may not agree!!....."""" Was at a talk last night and the speaker reckoned huge quantities of oil and gas had to be found in the next decades to keep the world's population happy......
What on earth is going on? Why am I asking this question? This year, this month, this week? Well, here�s a starting point�.from the Sunday Telegraph of a couple of weeks ago: �Big Oil�s Big Identity Crisis�, a neat article unfortunately obscured behind the Telegraph� �Premium� wall. What was this all about? Well, let�s try a one word answer���EQUINOR!! Does everybody know what this is? Statoil�s re-branding�..sounds a bit like an insurance company to me but what do I know!! However, they are��Joining the re-branding wave of majors and mini-majors doing the same thing, saying similar things. ....They have all been under pressure on several fronts, for example: Over the last 2 or 3 years on: sustainability: are we a �fossil industry�, likely to go the same way as coal? Under pressure to reduce carbon �responsibility�. Anticipating growth in electric vehicles. Since 2014�.cost pressures = major manpower cuts, hitting suppliers over the head, selling off poorly performing assets. Reserves replacement: everybody doing poorly; in particular frontier exploration has not performed well since around 2010. So different pressures over different periods leading to a need for change! And the response is�..these very broad statements being made by Shell, BP, Total, Statoil and to some extent Chevron and Exxon�� �We are energy providers!� Electricity generation = �more than 50% gas in our portfolios� We will focus on unconventionals and/or mature provinces �We are OK at $60/barrel!� And add to this a couple of �new� themes� Firstly �digitization� which is tending to focus for the moment on putting sensors in and around every price of oil field equipment to monitor performance, predict failures etc. But there are lots of other opportunities.... And �decarbonisation� which is very focussed on Carbon Capture and Storage, especially for gas-fired power stations, and also committing to an overall reduction in GHG emissions. A particular issue is or are methane emissions, much more dangerous than carbon dioxide, and likely to increase the more gas is part of the �energy providers� portfolio. To summarise, in response to: Questions on �Sustainability� => let�s not be in a �fossil industry� Growth in electric vehicles => increased electricity demand Majors and mini-majors are rebranding: ..As energy providers, especially of electricity With > 50% gas in portfolios, �reducing emissions�, and Returning to �mature provinces�; pursuing unconventionals. These changes will impact, indeed IMHO seriously challenge, several different groups, for example: Small-mid size companies who bra
www.youtube.com/watch?v=kJqn0wWvBNU IW1