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from the australian government hansard..committee meeting 14th march 2024..
https://www.aph.gov.au/parliamentary_business/hansard/hansard_display?bid=committees/commsen/27720/&sid=0003
economics legislation committee - 14/03/2024 - offshore petroleum and greenhouse gas storage legislation amendment (safety and other measures) bill 2024
questioner :
cox, sen dorinda;po****, sen david
answer :
chair;dr howard;mr duncalfe;mr williams;mr murphy
excerpt
we've got the montara venture as one other example. that was launched in 1989. i'm not sure of the date it was converted, but it was converted to an fpso. there have been multiple directions, prohibition notices and improvement notices from nopsema and currently out there i know firsthand that they are welding in place steel plates in the tanks because of the integrity of those oil tanks. it is an ongoing battle to try and keep the integrity of the whole in place.
the pyrenees venture is another fpso, built in 2004, and it's just had to proceed to singapore early, for a dry docking, because it got a leak in one of its oil tanks. so, again, the integrity of the vessel is in question, and it has had to cut and run for singapore for much-needed and urgent repairs.
Https://drillordrop.com/2024/03/04/uk-onshore-oil-and-gas-production-in-charts-december-2023/
star still producing 17% of all the UK onshore oil - 2nd highest producer
star still producing 5% of all the uk onshore gas - 3rd highest producer
Https://docs.google.com/spreadsheets/d/1SdQ0pXhW2KJ_PJoiJ3w97tzVz1fGcupAU9bfpTJkOHw/edit#gid=2006377867
shows the NAV at price points all the way up to $180lb
Https://standardbredcanada.ca/news/3-25-24/give-me-dance-named-california-horse-year.html
Published: March 25, 2024 01:50 pm EDT
Perez talked about such items as an increased new horse incentive for the future 2024-2025 Cal Expo meet, the solid horsemen’s agreement and contract with Watch And Wager through to 2030, along with remembering horsepeople and horses who had passed away in the past year.
Chris Schick, general manager for Watch And Wager, spoke about the current successful meet at Cal Expo and the promising future for Cal Expo horsepeople.
Cawkewell talks about webis in podcast dated march 18 2024 ..
https://www.youtube.com/watch?v=XZe9phFC05o
starts at 33 mins
he reckons losses coming to an end and has terrific opportunity. He extols the virtue of monarch agreement and the exposure to the big race courses. Says webis has a tremendous range of contacts built up over time. Thinks webis could be a huge beneficiary of the drive towards legalised sports betting in the US.
Simon cawkewell on webis 1st march 2024...
https://masterinvestor.co.uk/evil-diaries/evil-diaries-online-betting-and-the-web-of-influence/
Webis (WEB) controlled in voting terms by the chairman and whose father, Sir James Mellon, was on the board but died perhaps six months ago, reported a few days ago. These figures are pretty bleak but, intriguingly, Denham Eke, now de facto non-executive head honcho, remarked en passant that WEB expects an approach from somebody to get a toehold in American horserace betting. That seems quite reasonable to me. WEB is tiny – capitalised at about £5m which is just a few chocolate cakes from Tesco. Therefore punters are advised to sit tight although, obviously, not to bet when tight. Toe-dipping at 1.2p seems perfectly sensible.
Taser - re the £75 million valuation for the licences.
the recent attempts at passing Prop 26 and 27 in california for sports betting didn't get anywhere and it is probably not likely any time soon - even then, they would only legalise in person, so online would be many months later - talk is of 2026 to 2028 before you see this.
Prop 27 proposed a $100 million initial license application fee for sports betting.
The proposal also required license applicants to be authorized to operate in 10 other legal betting states.
..
webis is one of only a few players already in california, who are already in compliance and would therefore not have to pony up $100 million - that fee that was proposed is one hell of a block to new start ups... it is cheaper to take over webis and obtain the licences.
https://www.forbes.com/betting/legal/is-sports-betting-legal-in-california/
you will note in the link below, that webis - watch and wager is one of only nine players in the licensed horse race betting...
https://www.bettingusa.com/states/ca/horse-racing/
California law requires all operators to apply for licenses from the CHRB. This process includes obtaining a $500,000 surety bond, undergoing a background investigation, and securing agreements with local horse racing associations.
Additional regulations require California horse racing betting sites to document all financial transactions with their customers, submit to on-demand audits, process withdrawals within five business days, and much more.
The demanding licensing process establishes a high level of security for all authorized ADWs, but a few stand out from the rest in terms of overall quality and reputation. BettingUSA recommends the operators above because they have the most experience, handicapping tools, and promos.
Term Markets
Utilities may be unwilling to pay triple-digit prices in the spot market but when it comes to securing medium term supply, from sources other than Russia, they are indeed willing.
Ongoing uncertainty over Russian imports only steels their resolve.
TradeTech’s term price indicators remain at US$100/lb (mid-term) and US$75/lb (long).
Https://fnarena.com/index.php/2024/03/19/uranium-week-buyers-strike/
Weekly Reports | Mar 19 2024
The spot uranium price fell sharply last week as sellers became more agitated.
-Uranium spot price falls -US$7/lb
-Kazatomprom warns of lack of inventory
-Still no news on Russian uranium sanctions
The recent price fall is attributed to two main factors, TradeTech notes, and they are both related to the psychological impact of triple digits.
When the spot price crossed the US$100/lb mark, utilities, who are not major spot market participants at the best of times, declined to buy at such prices. Speculative entities, now holding vast amounts of physical material, saw triple digits as a good place to take profits, having spent years amassing their inventories.
But even as prices fell back into the nineties, and speculative volumes were cleared, utilities showed little interest, and sellers, mostly intermediaries, became frustrated and started lowering prices. Five transactions were reported last week at prices between US$90 and US$84/lb.
Https://www.youtube.com/watch?v=O6zF0IrpsGw
Posted an hour ago
Pogues post on other site...
As soon as the information got out on the reverse takeovers the rules are that the company must suspend the share price. Simple as that I am afraid.
They are still running the numbers on the idea of bidding it should be noted there is no guarantee they will bid. The leak was very early in the process.
The damage to Montara was done during the conversion in Singapore. Looks like a scaffold pole was dropped down the hatch and damaged the tank wall which was never found by any inspection since. Should be fixed end Sept maybe earlier maybe end off year. Clearly not wanting to commit for fear of being held to it.
One of the tanks is coming back online tomorrow, no RNS, this will mean the tanker will be able to take a bigger load each time.
Could not get any line in when the bidding process will finish i got the impression they did not know either.
The sale date will be backdated so some production will be included. I asked if that was August but was told that there will be a date.
Aktara is being commissioned right now expected first gas Q2.
I strongly suggested more shareholder interaction and that was already being planned. Online and face to face I suggested a pub night for shareholders and it was not rejected. Thank me later.
Fund raise to fund purchase is unlikely to be by dilution it is something they have been advised not to consider or want to by the sound of it.
You may have noticed in one of the comments on the linkedin article in my post 101..the following...
Alex Schellenberg
Business Development Manager
23h
All the best for the test Star Energy, we are sure our harsh environment RG´s downhole memory gauges will provide you with the high quality data you are looking for.
comment ends
schlumberger have this to say about memory gauges..
Memory gauges are generally used to measure bottomhole pressures and temperatures in response to various production rates in tests to assess well productivity and reservoir performance.
....
must be successful if they are using a gauge to assess productivity and performance
These guys say testing is beginning on ernestinovo well
htTps://www.linkedin.com/posts/starenergygroupplc_workover-rig-onsite-in-croatia-at-our-ernestinovo-activity-7170793539331690496-ZJ9N
Posted 18 hours ago, as of time of posting here