Member Info for Rivendell666

One drill Q1 2020, if that is positive then come back in 2021 for more appraisals and if that's positive "We" have an
development.

https://jobsite.gcaptain.com/job/charter-captain-and-fishing-guide/49691291/?goal=0_f50174ef03-42d97dbf64-139793265&mc_cid=42d97dbf64&mc_eid=00189a0b28

C'mon Dave, Me wanna travel around the world .......

Keep the faith folks. I'm sure Dave'll want a shave at the end of a successful FO

In the meantime some real Alaskan jam for your sourdough toast washed down with a glass of Icewine .....

https://sammcgeesalaska.com/product-category/alaska-wild-foods/jams-and-jellies/

""I have just finished reading a very detailed account of the ‘Energy Transition’ which predicts a major surge in electricity demand by 2050 – more than doubling from the present day. Unfortunately this is a “for your use only” report so I can’t provide a link.

A Preventable Surmise is that this growth can all be met by renewables.

However, as the recently published BP Statistical Review of World Energy reports, this virtuous hope collides with the present day reality that even now growth in renewables is outpaced by growth in energy demand and that if anything this gap will widen in the future, as countries of SE Asia lift more of their populations out of poverty, with rapid energy demand growth a key enabler.

The BP Statistical Review is multi-faceted and if you would prefer a really good analysis of it, and summary, then I commend that by Scott Nyquist https://www.mckinsey.com/industries/oil-and-gas/our-insights/energy-2050-insights-from-the-ground-up (My link)
In other words, ‘electrification’ leading to a surge in electricity demand for transport, buildings etc cannot be met by renewables – despite what the Lib Dems and some schoolkids think. Instead it implies a growth in power stations, many of which will use ‘fossil’ fuels, gas if we can but recognising that oil and coal may (have to) continue to be significant contributors – provided Carbon Capture & Storage (CCS) is delivered soon.

John Browne, former CEO of BP, has said that the way to make CCS commercially viable is to get "the right combination of innovative engineering, private investment and public support", which also proved to be transformational for wind and solar power.""

www.findingpetroleum.com/home ... sadly not on commission

No mention of IceWine there.

Tut Tut

I wonder if they can play games on it....??

http://www.digitalenergyjournal.com/n/DUG_opens_Houston_data_centre_for_massive_compute_engine/77e55684.aspx

I'm still here with my 200k shares. Waiting patiently for Biya to approve/die/get bored with faffing around. We'll be worth a lot more when FID happens, so hang on.

https://www.rigzone.com/news/citi_sees_brent_at_78_within_3_months-4-jun-2019-158983-article/?utm_campaign=DAILY_2019_06_05&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F4

"""Why do I think we don’t understand Petroleum Systems? I have half a dozen anecdotes, beginning in NW Europe:

1. Johan Sverdup – Norway: was discovered around 2010 and was the biggest North Sea discovery for years.
The big old trap on the basin margin high was seen but the story was that it was in the migration ‘shadow’ for Kimmeridge Clay-sourced oil migrating out of the basin.
So it stayed undrilled.
Then somebody’s thought experiment prognosed a previously unknown source rock so to speak ‘behind the high’ and a novel migration mechanism…..
Lundin drilled the new model! ""

From Finding Petroleum email....

"""One of the UK's most high profile stockpickers has suspended trading in his largest fund as rising numbers of investors ask for their money back. Neil Woodford said after "an increased level of redemptions", investors would not be allowed to "redeem, purchase or transfer shares" in the fund."""

https://www.bbc.co.uk/news/business-48506032

How long will his beard be in 10 years....??

A judge tells a condemned prisoner that he will be hanged at noon on one weekday in the following week but that the execution will be a surprise to the prisoner. He will not know the day of the hanging until the executioner knocks on his cell door at noon that day.

Having reflected on his sentence, the prisoner draws the conclusion that he will escape from the hanging. His reasoning is in several parts. He begins by concluding that the "surprise hanging" can't be on Friday, as if he hasn't been hanged by Thursday, there is only one day left - and so it won't be a surprise if he's hanged on Friday. Since the judge's sentence stipulated that the hanging would be a surprise to him, he concludes it cannot occur on Friday.

He then reasons that the surprise hanging cannot be on Thursday either, because Friday has already been eliminated and if he hasn't been hanged by Wednesday noon, the hanging must occur on Thursday, making a Thursday hanging not a surprise either. By similar reasoning he concludes that the hanging can also not occur on Wednesday, Tuesday or Monday. Joyfully he retires to his cell confident that the hanging will not occur at all.

The next week, the executioner knocks on the prisoner's door at noon on Wednesday — which, despite all the above, was an utter surprise to him. Everything the judge said came true.....

Roll on FO ANY time........

Just makes u feel good watching (and listening)

https://youtu.be/3WyPtoOg6VQ

One for the Big Party maybe ...??

Given DW's MO of fail fast, the RNS was encouraging. If you think of all the potential negatives :- Farmer pulling out, due D discovering something dubious with 88E, the leases, the data etc , Baker Hughes initial thoughts on the fracking cores etc etc etc etc etc, I think there may be a slight cause for optimism

And we're talking with our peers about monetization of assets.

Perhaps a full glass of wine tonight ( and save the iceWine ) for the big party.......

Let's feel the power of a FO RNS....

https://www.youtube.com/watch?v=V96BeOQG9Xc

Even a 10 high can be a winner in the right hands

""Doyle held the pitiful 10-2 to win both WSOP titles. Typically, the 10-2 is an absolute trash hand in Texas Hold'em with almost zero potential value, even to someone of Brunson's stature. To this day, the 10-2 is now nicknamed the “Doyle Brunson hand” by poker players in cardrooms around the world.""

Slightly off topic just seen this incredible earthquake visualisation.

Who said the earth was rock-solid ....??

http://732d260b3b2c4785e6ba-5e7fb0973d416887bfa95eb918035568.r88.cf1.rackcdn.com/NASAvideomay19.mp4

Here's hoping for an earthshaking 8.8 from Big Dave soon .......

Slightly off topic but the rallying call for archaeologists is " Onward and downward"

"""Dear XXXXXXX

Looking forward, as the world consumes more and more energy, we concur with the view of the CEO of the Energy Institute that:

Growth in demand for fossil fuels remains strong. The IEA reports that the proportion of the world’s energy sourced from fossil fuels is still around 80% – the same as it was more than three decades ago – and that’s 80% of 2.5 times the amount of energy! Even with impressive progress on energy efficiency and renewables, and signs of a slowing in demand growth for coal and oil over the coming years, demand for natural gas from developing economies in Asia and elsewhere is expected to maintain an upward trajectory.

With this as context, we will focus our events, magazines, newsletters on 4 themes:

Conventional and unconventional exploration and production in NW Europe, Africa and the USA – in particular articulating opportunities, demonstrating the impact of technology, understanding petroleum systems.

The impact of digital technology – from robotics and automation to preventative maintenance; from drilling & completions optimisation to subsurface integration; and cybersecurity.

Carbon management – Carbon Capture, Storage and Utilisation (at source); Carbon Dioxide Removal (from the atmosphere); Monitoring and Measurement of Methane Emissions and Flaring.

Sustainability – inter alia Emissions (again), ‘Footprint’, Community Impact, Political Risk, Corruption, Safety, Diversity and Executive Remuneration - collectively referred to as Environmental, Social & Governance (ESG).

There is no doubt that the oil & gas industry needs to better engage with society to explain the role of energy in creating the modern world, and lifting billions out of poverty (where much remains to be done)...............

Lots more at http://www.findingpetroleum.com/home/

Maybe FOBDA trumps FOMO

( Fear Of Being Disappointed (Again) )