Member Info for schlemiel

If Brent can get past $78-$80 bopd then who knows where it could go...the higher and the longer the better to keep that cash flowing in to retire the debts

newtofo

Your understanding and appreciation of the actuals at work here are invaluable for those who know next to sweet FA about such matters...tks

Only those RFQs being signed off and turned into income generating, repeat income, long term Automotive contracts will shift this mother-fecker...i reckon they will materialise...At present, SEE's employing people like it's going out of fashion, that reflects an increase in activity across automotive so the next 6-9 months could prove beneficial

Superb scenario now for HUR to take advantage of the upcoming strong oil price. The company can come out of this quids in if all goes to plan -

'ConocoPhillips sees oil demand returning to pre-pandemic levels by early next year as crude consumption rises around the world, supporting higher commodity prices, Chief Executive Officer Ryan Lance said on Bloomberg TV.

Oil supply, on the other hand, will remain constrained both from OPEC+, U.S. shale fields and major oil companies embracing the energy transition, he said.

“We see the demand improving, we see probably getting back to pre-pandemic levels by the end of fourth quarter or the first quarter of next year and the market getting relatively balanced,” Lance said. “We’re pretty bullish on the next couple of years.”

Investment banks and OPEC analysts have been raising demand forecasts in recent weeks as economies rebound and Europe’s natural gas squeeze raises the prospect of power generators switching to crude. Both trends are positive for oil prices which are up 45% this year but have stalled below $75 a barrel for most of the the last few months. '

As a result, we’ve taken a further look at the tea leaves as the visuals now imply the price need only exceed $78 anytime soon, with fireworks possible thereafter. From a near-term perspective, there are plenty of arguments suggesting such a movement is very possible.

Above the $78 level now suggests continued travel toward $96 initially. If exceeded, our secondary calculation brings the potential of a high at $122. This will doubtless be great news for those holding shares in oil companies. But folk forced to purchase heating oil will doubtless remember the ‘jaw drop’ prices being asked, last time crude

https://www.ii.co.uk/analysis-commentary/what-are-chances-oil-prices-hitting-122-ii521400?utm_source=newsletter&utm_medium=email&utm_campaign=NEW-DLY-ENGAGE-ii_afternoon_round_up_160921%20(1)&utm_content=newsletter&spMailingID=15339904&spUserID=Mzc4MzIwODk0MDQ2S0&spJobID=1834925578&spReportId=MTgzNDkyNTU3OAS2

Yes, the fact that the company took advantage of the extra month allowance for AIM companies in relation to the release of interims does suggest they are working to finalise 'something or other' (I am assuming that something is a positive development, maybe FPSO extension, Spirit or bondholder developments or even a placing of some shape or form) what that it is, we shall have to wait and see.

https://www.appea.com.au/all_news/former-un-advisor-the-beetaloo-basin-will-help-achieve-a-lower-carbon-future/

Ian emphasises that these developments provide multiple opportunities for Traditional Owners.

“Traditional landowners are already using fire management of their country to both aid conservation and earn income through purchase of carbon credits by resources companies. There is much room for expansion of this industry, as well as growth of on-country sequestration in biomass.

“The generation of value in all of its dimensions for the nation, the Northern Territory, its communities, businesses and individuals is a vital outcome from gas development. Indigenous communities in particular can derive strong, long term economic and social benefits.

“I think the NT as an energy and carbon hub has a very exciting future.”

September 22, 2021

Former UN Advisor: The Beetaloo Basin will help achieve a lower carbon future

Professor Ian Satchwell

The Beetaloo Basin has been identified by the Australian Government as a world-class gas resource with the potential to spur downstream manufacturing, deliver cheaper gas to households and industry and supply additional LNG for export.

Development of the Beetaloo Basin is a key component in the Northern Territory becoming an Australian and Asian region energy powerhouse.

But what would the development of the Beetaloo Basin mean for the environment?

We asked Professor Ian Satchwell, an analyst and adviser on economic, industry and infrastructure policy with more than 35 years of experience.

The former business advisor to the United Nations Economic and Social Commission for Asia and the Pacific explained that gas will help achieve the transition to a low-carbon future in Australia and the Asian region.

“Beetaloo Basin gas, in addition to other onshore and offshore gas, has a very important role to play in customers’ transition to lower carbon energy sources, whether those customers be in Australia or in the Asian region,” he explained.

“In thinking about greenhouse gas emissions from gas, we should consider full lifecycle emissions and what fuels gas is substituting.

“For example, electricity generators in Australia and Asia can’t go from using a lot of coal-fired power to much greater renewables without gas – it’s what enables that energy transformation.

“International Energy Agency forecasts for the global energy mix show that use of gas is expected to rise as a result of the shift to low carbon energy sources.”.

“If we examine emissions from the full energy cycle, we quickly realise that without gas, emissions from customer operations will not reduce as quickly as when utilising gas to enable their energy transition, as there are very limited energy and technology alternatives at present.”

In addition to the benefits provided by switching from coal-to-gas both domestically and through LNG exports to overseas markets, there is marked potential for development of newer, future-focused industries built around development of the Beetaloo, such as carbon offsets, and carbon capture and sequestration .

“Flowing from greater gas production in the Northern Territory are fantastic opportunities for more commercial-scale carbon offsets, land-based sequestration, carbon capture and storage developments Such technologies are expected to achieve considerable scale in the next 10 years, generating jobs and economic development for local communities,” Ian said.

1

Poor volumes, monetary value of shares changed hands is around £150k. It's meagre interest and when that's the order of the day any selling marks the price down. There's no reason for the market to bid if there's no buyers to bid for but when material news does land that will immediately change, either way

Look at FOG. Month after month, year after year, pitiful interest and then one piece of gamechanging, material news and whack, up 300% in a matter of days. That's all it takes, a substantive RNS

We all know what the issue is here, the outstanding bonds but *I believe* (but then I would as I'm a holder) the market is being overly bearish while some may think otherwise

So there's still liquidity here even if the price has become comatosed, for the time being that is

Not sure what's happening there fella..sorry

https://www.minister.industry.gov.au/ministers/taylor/transcripts/interview-katie-woolf-mix-104-darwin

20 September 2021
Interviewer
Katie Woolf
Subject
Hydrogen hubs, Darwin, Beetaloo gas, geosequestration, energy exports to Japan.
E&OE

I thought something similar but more conventional gas related in the GWA or at Lancaster

Evidently, Veo. didn't warm to the idea of their company being split down the middle by QA simply to seize control of Arriver.

with Origin also up around 1%

EEG up 11%
TBN up 8%

spiked on volumes as well. I reckon it's either Beetaloo related developments or LNG (higher gas prices) related..is the market now seeing Beetaloo as becoming a strategically important asset?.

''Finally Hurricane great possibilities , underlined in the way that the ADHCBH and BOD were quite prepared to fight in Court (with our resources ) for this supposedly worthless Entity ''

Absoluely spot on. For a so called bankrupt entity the previous board and the bondholders sure fought hard and dirty to take control of it from its true owners, the shareholders.that alone shows what value still lies deep within Hurricane...greasy,lying wnakres

I have along with others on here been watching FOG for years and now at last and at least FOG is now in play and that's not been the case for many years, literally. FOG's become a normal trading stock being bought and sold on a daily basis like other oil and gas stocks. Yes, it's down today but so are many other stocks as per poor market sentiment but against, FOG has entered into the mainstream at least and has become 'buyable' and that is a massive relief

During July 2021, Crystal Amber has been in regular dialogue with the newly constituted board of Hurricane. Since September 2020 (when the convertible bond was trading at a 70 per cent.discount), Crystal Amber has urged Hurricane to use a significant proportion of its cash to buy in bonds. The High Court of Justice stated that "the possibility of buying back bonds in the market is, onthe face of it, an attractive one, given that the Bonds have been trading at a substantial discount to face value." On 5 July 2021, the bonds were trading at a 50 per cent. discount but the discount hasrecently narrowed to 37 per cent. Crystal Amber has requested to the board of Hurricane that it immediately embarks on a substantial purchase of these bonds. As well as saving the payment of theannual interest rate of 7.5 per cent., buying back bonds at a discount, will significantly reduce Hurricane's net indebtedness'

end

https://storage.googleapis.com/crystalamber-com.appspot.com/_downloads/monthly-net-asset-value-2021-08-05.pdf

I always read this from CA's August update when I become nervy about HUR's future :

'On 28 June 2021, in his judgment, Mr Justice Zacaroli stated that Hurricane is profitable and anticipated to remain so for at least the next year, that Hurricane's evidence was that the P6 well is likelyto remain economically viable until early 2024 and that there are reasonable grounds to believe that Hurricane will be able to negotiate an extension of the Charter on terms which enable it to continueextracting oil from the P6 well beyond July 2022. Crucially, the Court found that there is a realistic prospect that Hurricane will be able to discharge its obligations to the bondholders. The High Courtof Justice therefore rejected the highly dilutive and costly restructuring plan

On 30 June 2021, Hurricane's five non-executive directors resigned with immediate effect and in their stead, directors nominated by Crystal Amber, Alan John Wright and David Craik were appointedto its board, with Mr Wright installed as Interim Chairman. As a result, the general meeting scheduled for 5 July 2021 was no longer necessary and Crystal Amber therefore withdrew its requisition.Crystal Amber regards Lancaster as one of the most prolific production wells in the North Sea. Crystal Amber would refer market participants to Hurricane's Restructuring Business Plan Presentationdated 24 May 2021, which is available on the company's website. The presentation sets out Hurricane's long-range forecast of production from its existing P6 Well. By February 2024, this isestimated to deliver 8.4 million barrels of oil. Based on the forward curve for oil prices, this would generate approximately $600 million of revenue. Based on historic margins, this would deliveroperating cash flows of in excess of $250 million. Crystal Amber further notes that actual production for June 2021 exceeded Hurricane's forecast with 10,640 barrels per day being produced asagainst a budget of 9,700 barrels a day. Were this trend to continue, a further $28 million of revenue would be achieved, in addition to the $285 million expected over the next 12 months.

cont.......