Member Info for SelfishMcNimby

deemule, the idiot persimmon often refers to you and guns. Do you have any?

So not only could Ireland be 100% dependent upon the UK in 4 years for their gas requirements, but the infrastructure in place to deliver it may not be big enough to transport it! You really couldn't make it up. Best they allow the Inishkea licence extension PDQ.

'Unless you post this report everyone will know there isn't one, and you have just made it up!'

Don't be a prat persimmon. He's probably got you filtered, so not replying to you means nothing.

Just seen we still have FEL 1/17. I wonder what the position is with that?

I know we used to have about 6 Irish licences. Did we relinquish everything except Inishkea? I thought we kept at least one other?

How can you extend what doesn't exist? There is no long stop date.

This was posted by JackDiamonds, 1st August. This seems to agree with VHB:

There is a non binding offer being explored but there is no time line for completion of the Potential Sale of Corallian.

The extract from the RNS below states that the Acquisition (6 North Sea Licenses) is conditional on the Potential Sale (Corallian, the Company) and NSTA approval.

If either of these things don’t happen by 31 Aug 2022 both RBD or Corallian can pull the Acquisition of the North Sea Licenses.

There is no deadline set for the Potential Sale but the below is intended to focus the mind on 31 Aug 2022.

A play on words?

Jack

“The Acquisition is conditional, inter alia, upon (1) Corallian receiving notice from the purchaser that the Potential Sale may proceed to completion and (2) approval from the North Sea Transition Authority. If the Acquisition does not complete before 31 August 2022, either party may terminate the SPA and Corallian will be required to repay the Cash Consideration to Reabold within 90 days.“

I think you could well be right, chas. Rig is on location.

Going back to the *****tone Flags, this is likely to be a multi-well development with a significant gas flow, and infrastructure being installed this winter needs to be able to accommodate this as well as what will be coming from the current well. Maybe this will need to include an additional wellsite, so they need to get this complex situation right. I'm sure they will - there are some pretty clued-up people amongst the JV partners.

Copper, to be fair I don't think they were going to be developing the *****tone Flags interval for a while, and production has been far more from the Ashover Grit than expected, so gas wasn't an issue before.
They need planning and permits, but I don't think they'll submit applications until a development plan is decided for the *****tone Flags. Views have clearly changed regarding the licence this year. Maybe this Gaffney Cline report will shed more light.

Indeed Serif. The point is, is it the fault of the company, or the fault of the various governments who encourage investment in licences initially, then pull the rug before production? I've always thought shareholders are too keen to blame the company.
Perhaps as the Moroccan government own 25% of Inezgane, they'll be more inclined to back each stage to, and including, production.

And the French government stuffed our French licences.

Copper, don't forget it was the UK government that stopped Holmwood (Michael Gove), and the Irish government blocking Inishkea.

Mind you, they've stated gas would be monetized this winter, so as they've not corrected this, I expect it to still be the case.

Copper, It may be some time before the Ashover Grit's gas issue is dealt with as the planning may have to incorporate gas from the *****tone Flags. In fact, I'm sure this is the case.

Wressle is going to be much more productive than it currently is. 1500bopd plus gas from the Ashover Grit reservoir, and the *****tone Flags could require multiple wells. It may be some time before the Ashover Grit's gas issue is dealt with as the planning may have to incorporate gas from the *****tone Flags. This Gaffney Cline report could make our current share price look stupidly low.

I didn't realise I post to you that often! What a waste of my time.

Idiot persimmon.

persimmon, you know deemule has you filtered, so can't see your posts, so why address your post directly to him? Why not be honest for once and admit that you were trying to discredit him to all other readers of the board knowing he wouldn't be able to defend himself? You're the sort of character who gets in the cheap shot when there's no way of being hit back, aren't you.
As to your 'what the price of gas is today is of no significance as to what it will be in 2024/2025', how do you think they work it out? Toss of a coin? Tealeaves? Of course it will have some significance.

We should be seeing Union Jack's Gaffney Cline Reserves and Resources Report on Wressle very soon.

In addition, Gaffney Cline are compiling three illustrative production scenarios for the Wressle oilfield, indicating average oil production plateaus for the low, medium and high cases, showing the conceptual production curves in each case for the remaining planning period of 13 years.

Gaffney Cline have also been instructed to comment on any possible untapped resources at the Wressle-1 well that may be present.

Although Simon Oddie did say it was already commercial at today's oil price.