Member Info for schlemiel

The commerciality of the Velkerri dry gas play has now been PROVEN.

Origin don't do market releases for their Beetaloo operations so it's a press release. More results to come at Amungee and of interest is that the ''The extended production test at Amungee is continuing'' which is a reference I didn't see on FOG's market release. Not sure what this means though in terms of its significance

Positive results in Beetaloo Basin well testing

Positive results from extended production testing at the Amungee NW-1 well in the Northern Territory's Beetaloo Basin have increased Origin's understanding of the Velkerri dry gas play.

Average gas rates of 1.23 million cubic feet per day (1.23 MMscf/d) have been observed over the first three weeks of production testing, however importantly the majority of these flows came from only a portion of the well.

Specialist diagnostic equipment has been used to determine the extent to which these observed gas flows come from different fracture stimulation stages before or beyond a certain point in the well that was thought to be restricting the flow of gas across the full production zone. Between 5%-15% of gas flow are coming from the stages beyond this point with the majority of flows measured, between 85%-95%, coming from the first 200m section of the well.

The result from this section, which has been independently verified,can now reasonably be considered to represent the deliverability that could be achieved across the full production zone of this and further wells drilled and fracture stimulated in the same Velkerri shale formation.

It suggests a normalised gas flow rate equivalent of between 5.2 and 5.8 million cubic feet per day (MMscf/d) per 1,000m of lateral. A typical future production well may have a lateral production section up to 3,000m long.

Origin General Manager Beetaloo and Growth Assets, Mr Chris White, said, 'This is a positive result that supports the decision to undertake a second extended production test at the Amungee well as part of this year's work program.

'These results significantly increase our assessment of potential deliverability and commerciality of future wells in this area.

'While further work will be required in coming years to determine if the result can be reproduced on a larger scale, this result indicates the Velkerri dry gas play may be in line with commercial shale plays around the world, based on normalised production rates,' Mr White said.

The extended production test at Amungee is continuing.'

About
- ADAS - Automotive Driver monitoring and Occupant monitoring solutions
- Automotive Proof of Concept solutions with new generation chipsets
- Automotive Infotainment & Cluster related technologies
- In Car infotainment integration experience
- Automotive transportation buses like CAN & LIN
- Familiar with QNX operating system and interfaces
- Familiar with Android tablets and multimedia framework
- Plugin's for Multimedia hardware acceleration in Linux and Android
- Camera interfaces and Media recorder in Android
- OMX encoder and decoder components
- Post processing techniques such as CSC and scaling
- Multiple media formats : H.264/MPEG4/MPEG2/MJPEG
- Leading software team activities in global locations
- Eclipse and GDB environments bring up and debugging with Arm target

Principal Engineer
Full-time
Dates Employed Nov 2020 – Present
Employment Duration 11 mos
Location San Diego, California, United States
Lead for Automotive Proof of Concept solutions and ADAS - Driver Monitoring and Occupant monitoring solutions.
Title Tech Lead - Automotive Technology Management
Full-time
Dates Employed Mar 2013 – Nov 2020
Employment Duration 7 yrs 9 mos
Location Greater San Diego Area
- Infotainment systems with various Operations systems
- Advanced Driver Monitoring Systems with Specialized Cameras
- System Design with Hypervisor OS and virtual machines, Android based and Linux containers
- Proof of Concept enabling with large OEM's
- Enabling and integration of 3rd party technologies with SoC

https://www.linkedin.com/in/srinivasa-deevi-274aaa/

This link is well worth a read

NT now undertaking PFS for a pipeline corridor from TC to Darwin for LNG export to China and Asia. They're not messing about and they do appear confident that Beetaloo could be commercial for supplies though again all rests of appraisal and P2 numbers -

https://dipl.nt.gov.au/projects/tennant-creek-to-darwin-pipeline-corridor-prefeasibility-study

''Future use of the corridor

The corridor could be used for pipelines and utilities. The potential width of the corridor will take into account minimum offsets and clearances required for construction, operations and maintenance.

This project is about identifying a corridor that may contain a number of products and services including:

multiple high-pressure pipelines
services including water and communications

New pipelines will be required as Beetaloo Sub-Basin develops as potential gas production will be far greater than the current gas pipeline capacity, even with augmentation.''

Multiple partnerships with Jemena being the driver, the State and other operators. Capex = $4bn-5bn? FOG would be around then though

newtofo

No problem.

Is this new submission by Origin evidence that they see far greater prospective potential?

Poods

In your considered opinion what do you suppose FOG's entire Beetaloo stake is worth minus the usual deductions (capex liabilities, taxes and any other hidden demands) from such a valuation?

The commercialisation of Beetaloo bar exploration, appraisal and proving up to P2 standard which will trigger investment plans towards commercial supplies to customers but that is a decade away or so (but the pipelines and the transmission infrastructure costs will surely be absorbed by Jemena and the State with those costs being deducted from that transmission infrastructure fees charged per each/unit of gas routed) so FOG will not have to absorb such demands and that is one less dilution worry for the market

No wonder the board loaded up massively on 8p options at the start of the year

There are on this board a small number of holders who truly understand what the value of FOG's stake. I'm certainly not one of them

'Plays most likely to be developed in the next decade include shale plays in the Kyalla Formation and the Amungee Member of the Velkerri Formation, along with a tight sandstone play in the Hayfield sandstone member of the Hayfield mudstone.

The Amungee Member of the Velkerri Formation is potentially prospective for either liquids-rich or dry gas over most of the Beetaloo’s extent. The Kyalla Formation liquids-rich gas play and the Hayfield sandstone member liquids-rich gas/oil play are likely to be restricted to the central part of the eastern Beetaloo. The mapped depth and extent of these plays inform where the plays are most likely to be present within the region and inform the likely development scenarios4. Liquids-rich gas resources are currently more favourable to develop from an economic perspective, as if present in sufficient volumes, these liquids could provide additional revenue streams for producers.'

https://www.aph.gov.au/DocumentStore.ashx?id=23c73bc5-081c-457d-856d-a22913bd0259&subId=710860

9 July 2021

This is a superb insight into the enormous prospectivity and potential of the Beetaloo Basin

https://depws.nt.gov.au/onshore-gas/environment-management-plan/emps-under-assessment

Origin ORI8: Origin Energy B2 Pty Ltd Beetaloo W-1 EP117 revised Environment Management Plan 20 July 2021 Under assessment

Imperial Oil & Gas IMP4: Imperial Oil & Gas Pty Ltd 2021-2025 EP187 Work Program Environment Management Plan 19 April 2021 Under assessment

Sweetpea SWP2: Civil and Water Bore Drilling EP 136 Environment Management Plan 17 March 2021 Under assessment

Santos QNT Pty Ltd STO3-5: Santos QNT Pty Ltd McArthur Basin Hydraulic Fracturing Program NT Exploration Permit (EP) 161 Environment Management Plan 8 June 2021 Under assessmen

Friday's release was without question an Origin approved news release. As a minority partner FOG has absolutely ZERO influence over any aspect of what happens at Beetaloo including news releases issued by FOG. O'Quigley does what he is told and is told what he can say in public.

Moreover, I suspect all Beetaloo activity is now coordinated across all operators including Jemena and by both the NTG and Canberra. I doubt any news release relating to Beetaloo going forward is in anyway exaggerated, extrapolated or contrived. Such untruths would serve no purpose and would be a PR disaster. One would think the Beetaloo posse (operators and the NT and Canberra) would downplay any success

This is a PR war against well organised activists and all eyes are now focused on Beetaloo which could become a major national and indeed strategically important natural resource asset for Australia. There is therefore nothing to be gained from exaggeration

Origin don't update the market on each piece of news coming out of the Beetaloo in the way FOG does. They'll update in their usual 6 or 12 monthly updates. Why that is, I have no idea. Maybe both eyes on the politics of it ie not wanting to invite the political poison of the Green fascists that damages Origin's reputation or maybe the company deems it not a 'material event' worthy of such a formal annoucement. Probably both.

Personally, I'd be screaming it from the rooftops. Feck LTG and all the other wealthy, well to do activists

https://www.thetimes.co.uk/article/end-of-restrictions-wont-lift-cloud-over-hotels-bv7rf8m79

It's paid for content but I can see referencs to Beetaloo and some comments about a bulletin board poster posting 'barbed comments' about the company...

note the term 'driver monitoring' below. The mometum is building

'Experience in the development and deployment of an L1-L2 and/or L3 or above driver assistance system, from SoC, sensor and stack selection, Tier-1 engagement, identification of vision, drive policy, driver monitoring and associated systems for the rollout of full system is highly desired'

Experience in the development and deployment of a fully connected car ecosystem, from edge (Infotainment/Telematics) to cloud (SIM/Device/Service/Content management) is highly desired

Exposure to embedded systems and familiarity with heterogeneous compute SoCs, as well as to OS/RTOS ecosystems such as QNX, Android, Linux/AGL/Yocto, ROS is highly desired

Experience in the development and deployment of an L1-L2 and/or L3 or above driver assistance system, from SoC, sensor and stack selection, Tier-1 engagement, identification of vision, drive policy, driver monitoring and associated systems for the rollout of full system is highly desired

Communications skills are a key requirement for this role where the candidate will be communicating with the C-suite, senior customer and executive interaction, and media

cont........

https://www.linkedin.com/jobs/view/strategic-partnerships-lead-automotive-product-management-at-qualcomm-2702462915

Strategic Partnerships Lead - Automotive Product Management
Qualcomm San Diego, CA

14 hours ago

Company:Qualcomm Technologies, Inc.

Job Area:Operations Group, Operations Group > Product Management

Job Overview:

Qualcomm is a company of inventors that unlocked 5G ushering in an age of rapid acceleration in connectivity and new possibilities that will transform industries, create jobs, and enrich lives. But this is just the beginning. It takes inventive minds with diverse skills, backgrounds, and cultures to transform 5Gs potential into world-changing technologies and products. This is the Invention Age - and this is where you come in.

As Qualcomm continues to expand its Automotive footprint, we are looking for a candidate who is passionate about helping us transform the next – generation automobile in the areas of the Connected Car, the next generation Digital ****pit and advanced ADAS and Autonomous Driving capabilities.

The candidate will be responsible for strategic business partnerships with key automakers, Tier-1s and ecosystem players with a focus towards deeper engineering and business model collaboration, joint product development, joint investment opportunities

The candidate will have global responsibility in this role, working with various Qualcomm regional teams, Qualcomm Ventures, Qualcomm Strategy and M&A as well as product and engineering domains to help establish new long term partnerships

The candidate is required to have 10+ years of experience in the automotive industry in the areas of product engineering, product development, software development specifically related to Infotainment and Connected Car ecosystems, and/or the development and deployment of ADAS/AD platforms are sought. This role requires an independent thinker, who is curious, able to build foundational relationships, understands the underpinnings of technology, scale and risk : reward equations with new business and technology partnerships

The ideal candidate will possess a product management or strategic partnership mindset, with expertise in understanding the automotive supply chain, partnership experiences between OEM-T1-T2 partners, a deep understanding of an automaker’s business model economics related to the development and deployment of new product and service. The ideal candidate will have experience in structuring multi-party partnerships with a specific focus on joint business models involving shared revenue & investment opportunities

cont.......

'Terrifying' trend

While auto shows have been ideal forums for deal-making, prospects may be better for shows after Munich. Business travel remains in pandemic-induced doldrums, and in Germany -- where six-in-10 people are fully vaccinated -- the infection rate has managed to surge fivefold in the past month.

While organizers for the show this upcoming week are banking on outdoor spaces and inner-city events helping to open up space for participants to spread out, some executives remain concerned.

Audi is staffing the show with a small team and reducing its trade-fair presence to a single outdoor stand, according to CEO Markus Duesmann. "It's terrifying -- for us all, I believe -- how the incidence rates are developing, and we know that hospitalizations and rising deaths normally follow," he told reporters last week. "I like the concept, but I see the timing critically because of the incidences."

https://europe.autonews.com/munich-auto-show/auto-shows-are-back-and-ceos-have-deals-do

Europe's automakers are already doing plenty of wheeling-and-dealing to combat the threats.

Just this year, VW Group is said to be weighing a potential listing of its Porsche brand and handed off majority control of Bugatti to Croatian EV specialist Rimac.

Daimler is breaking itself up into separately listed truck and car companies, its biggest shake-up since the sale of Chrysler.

Outside Germany, Renault is working to fill what its CEO has described as an unacceptable void in China by joining forces with Geely Holding Group.

Geely, meanwhile, is exploring a listing of Volvo Cars later this year, and their EV-making offshoot Polestar is said to have discussed going public through a blank-check firm merger that could value the company at $25 billion.

The car-parts sector also has been active. France's Faurecia just prevailed in a bidding battle with peers for Germany's Hella in an $8 billion deal that was one of the biggest among European auto suppliers in years.

Sweden's Veoneer is poised to end up in the hands of Qualcomm or Magna International. Vitesco Technologies, the powertrain and sensor unit due to be spun off from Continental his month, has already flagged its appetite for M&A.

cont........

Automakers have earmarked a whopping $330 billion in spending to electrify their lineups by 2025, according to consultants at AlixPartners.

Revenue is being constrained by the global semiconductor shortage that is showing no signs of letting up anytime soon.

Charging infrastructure must be built out to ensure EVs will appeal to the masses. And while sales of battery-powered cars are starting to take off, catching up with tech giants in the race to bring autonomous driving and connectivity to cars will be a herculean task.

VW Group CEO Herbert Diess in June called driverless vehicles "the most sophisticated internet device you can imagine," predicting autonomy will bring about even greater change to the industry than the rise of EVs.

Automakers accustomed to competing on 0-to-60 mph times and other specs are now battling for valuable in-car data with deep-pocketed tech firms.

At stake is control over what could become a $400 billion market by 2030, according to McKinsey & Co.

Pursuing tie-ups and M&A will be essential, EY's Fuss said, because carmakers "rightly sense" they are moving too slowly.

While VW plans more than $30 billion of software-related investments, even Diess has said there are old, encrusted structures the company must dismantle in order to be more agile.

He and his peers better hurry.

Amazon has demonstrated its mobility ambitions by backing electric-vehicle maker Rivian Automotive and snapping up self-driving startup Zoox.

Google has had its struggles scaling its autonomy efforts, but it remains widely viewed as the leader in the space. Speculation was rampant early this year that Apple's car activities are picking back up.

cont...........

IAA Munich is Europe's first major car show in two years
Bloomberg

When automotive executives gather in Munich this upcoming week for Europe's first major car show in two years, they will do more than just lift the veil on shiny sheet metal. These are occasions where big deals tend to get done.

Consider one of the last times the auto world descended on a European city for such a forum in March 2019.

Just before the action got underway in Geneva, the CEOs of Peugeot maker PSA and Fiat Chrysler met to sow the seeds of what blossomed into a mega merger, vaulting Stellantis into the same league as Toyota and Volkswagen.

There is no telling whether executives will mask-up and elbow-bump their way to another blockbuster transaction in Munich.

Toyota, Stellantis and Nissan are not even attending, and automakers that are will send smaller contingents due to the surging delta variant.

If that were not enough, many who want to get to Bavaria have had their travel plans disrupted by a Germany-wide rail strike.

Still, this much is certain: the same forces that drove PSA and FCA into one another's arms are only more relevant two years after their initial huddle off the 2019 Geneva show floor.

"You have got to be innovative, and for that you need to have significant firepower and a global footprint," said Peter Fuss, a partner at EY. "Otherwise, the dependence on certain markets is too great and there’s the issue of scaling technologies."

cont.............

just got in..thanks stebol

from a rag like the Mail tends to encourage buyers.

In the UK only a handful of newspapers, investment mags and tipsters possess the magic to move a price, the Mail is one of them and maybe Simon Thompson in the IC. Tips sheets like SCSW or MI appear to have lost their influence