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Robs12
Thank you for your well researched and informative reply, regarding Skerryvore.
Robs12
Thanks for all your accurate and factual information recently.
North Sea Development 2024
Has there been any information around the likely "Chance Of Success" and cost of the Skerryvore exploratory drill being planned for the end of next year?
Rob12 - Thank you for the very informative response, you seem like an investor who deals in facts - Can you help me any further with the following comments/questions from the update from 28/04.
I'm looking for what kind of actual production performance update we can expect in the next update, alongside the numerous development interest/decisions to be made that are ongoing ATM with various timescales -
28/04 RNS - Strong Progress across Netherlands Assets
Drenthe VI -
- LDS-01 well still temporarily shut since April - we have 7% interest.
- DIV-02 Well continues to produce - How much of an interest do PMG have in this well, and is its production level good/ahead do we know?
Drenthe V -
- Large subsurface study ongoing - work to be finished this year to confirm the merits of a potential additional well.
- Existing Geesbrug production well is expected to undergo further work this year to enhance production efficiency
How much of an interest does PMG have in this well?
Is this enhancement to improve or maintain the well at its current level of efficiency do we know? Has this well production efficiency been steady or dropping do we know? Does it need to shut or is it shut now for this work? and if not do we know when it will, and has there been any indication of how long its likely to take?
Andel Va
- Subsurface work continues confirming new opportunities.
- Work to be completed in 2023.
Drenthe IV
- PMG's acquisition historic gas royalty in 2021.
- Means potential compression reactivation on the Grolloo gas field will result in material net benefit to PMG.
Has this been reactivation been done do we know and are we likely to report any material benefits in the next update?
Papekop
- Excellent progress continues to be made on the Papekop development.
- Permitting etc. to be completed over the next year along with detailed engineering before a decision is made.
Again anyone reading this as always please DYOR
-
Can someone help me along please in understanding how this works -
RNS 06/04 - New gas discovery comes on stream - please to announce commencement gas production LDS-01 - Tied to neighboring commercial - *GAS* - production infrastructure - Flow rates suggest material increase daily net production.
RNS 28/04 - Strong progress across Netherlands Assets -
Is this a problem? - Previously announced LDS-01 discovered commercial reserves experienced - *GAS Condensate (Liquid)* - Flow rates significantly higher than expected in addition to excellent dry gas production - Were we tied in to a local - *Dry Gas Facility*.
Once optimal operating regime has been identified (For dealing with condensate liquid?) well will be brought back online - expected to be late May 2023....
Have I misunderstood any of this as no expert and only have the RNS's to work from - Has anyone seen an update or accessed any information since that has clarified how we will be separating and dealing with the condensate high flow rates?
As always please DYOR as these are only my own observations ...
Boohoo stake increased by group owned by one of the world's richest men
A group owned by one of the richest men in the world has increased its stake in Boohoo.
Citadel GP LLC, which is majority owned by billionaire founder and chief executive Ken Griffin, has upped its holdings in the Manchester-headquartered fashion giant from 5.3% to 8.9%.
Mr Griffin provided funding to the Ricketts family in their failed bid to buy Chelsea from Roman Abramovich last year.
Hedge fund Citadel GP LLC was founded in 1990 by Mr Griffin who has an estimated net worth of £21bn.
His company is headquartered in Chicago, it has over 1,400 employees and looked after more than $50bn in assets as of May this year.
According to Boohoo's website, co-founder Mahmud Kamani remains the largest single shareholder in the group.
Other major investors include T. Rowe Price Associates, Inc. / T Rowe Price International Ltd, Norges Bank Investment Management and Baillie Gifford & Co.
Glad to see price moving in right direction. Paper mills feeling strain of extremely high costs associated with current very high energy costs (manufacturing process uses huge volumes elect and gas) but converting has nowhere near same exposure but all benefits of premium prices for packaged products. Pulp prices have been this high before and so have energy and all businesses survived and stronger as surcharges passed on limit losses and tend to form new baseline price structure as other manufacturing costs fall. This is a very professional business being well run with a product line totally focused on supporting our new hygienic lifestyle (who can deny ho much we've changed with COVID). Accrol looked at tissue manufacture years ago and wisely focused on putting their resources in to converting and finished products, if they hadn't, would be a different story as others are finding out grappling with huge bills/losses - reel conversion is the way forward and Accrol are doing very well under the circumstances.
Virgin Media has terminated a landmark mobile phone deal, delivering another blow to Vodafone boss Nick Read.
The pair had agreed a five-year deal, running from January 2021, to launch 5G services for Virgin Mobile's three million customers.
All plants start from the ground up and our earthwork engineering packages have been rescheduled through (Covid-19) delays for delivery in Dec with civil engineering works to start Q1/Q2 2022. Also contractor accommodation also reported to be underway so should here something positive in Dec/Jan.