Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Ok Noel , please advise what your crystal ball says .
First poker hand now fully exposed .
The weak will fold.
The gamblers will hold .
Still in the game .
I have just set an opening buy at up to 3p for 50mill shares
Little top up .
Just ……,. But only if you can afford to suffer a total loss.
Well done Colin , master of disaster .
Ok will stay home and watch telly then
It’s like pulling teeth .
Ok if you want it’s not a gamble it’s a sure thing !
Great
Bit sarcastic .
You know nothing about me .
Whether the odds are even or 70 /30 based on your research it makes n difference it’s a total gamble , educated or not . Your advices and opinion are appreciated but it’s still a gamble . Hit or miss.
I truly hope you are right and share price goes up.
This is a gamble,educated or not.It is either hit or miss.Whatever anyone says.
Hit win
Miss Lose
anyone who thinks differently is ,shall we say,wrong.
Let me make this totally clear .
No one is looking to take this minuscule PROVEN find to production .Bird buys with your hard earned cash .He is truly The Master of Disaster .
There will one day be a Netflix movie or documentary on his fantasies that you all get sucked into . Perfect roll for Danny De Vito to play .
Bird is master of disaster . Don’t get sucked in .
Here we go again , seen it all before . More ****, same day .
Found a pile of old dung .
Need to find another drill .
Let’s test it . Send money once share price gets to 3.5 and issue at 2.75 .
Need more remuneration .
Offshore Oil And Gas Is Back, Baby
By Irina Slav - Jan 23, 2023, 7:00 PM CST
A flurry of massive deals has breathed life into the offshore oil and gas industry.
The biggest deal was QatarEnergy’s contract with McDermott for expanding the production capacity at the North Field.
Offshore drilling is picking up everywhere as demand shows no signs of declining, no matter what apocalyptic visions climate speakers try to paint.
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At last week’s World Economic Forum gathering in Davos, several speakers had harsh words for the oil and gas industry, including UN head Antonio Guterres and the IEA’s chief Fatih Birol. Their message was clear: we need to stop producing oil and gas to solve the climate problem.
While this was happening, however, the world continued to need energy, and oil and gas continued to be the optimal form of energy for most of the things we need energy for. So, with demand forecast—including by the IEA—to surge this year above the growth rate of supply, new drilling is flourishing. Especially offshore.
In December last year, Oilprice reported that the stocks of offshore drilling contractors such as Transocean, Valaris, and Noble Corp were skyrocketing amid robust demand for their services, with day rates for drilling rigs surging as well.
Now, the Wall Street Journal is reporting that rates could top $500,000 per day, up from about $400,000 at the moment, with offshore drilling picking up everywhere as demand shows no signs it is about to start declining, no matter what apocalyptic visions climate speakers try to paint.
“Over the past year and a half, everyone started drilling again offshore, and they want to use the most efficient rigs and all of a sudden, bam!” Noble Corp chief executive Robert Eifler told the Wall Street Journal. “After eight years we basically have full utilization of the high-end drillship fleet.”
A roundup of the biggest deals signed in the offshore drilling industry last year reinforces the perception of a strong revival. The biggest deal was QatarEnergy’s contract with McDermott for expanding the production capacity at the North Field, which McDermott said is one of the largest single deals in its history.
Qatar was also involved in the second-largest offshore deal for 2022, with Italy’s Saipem, again for the North Field, which is understandable as the Qatari government plans to boost the country’s LNG production capacity from 77 million tons annually to 110 million tons. That means there will be a lot of work for offshore drilling contractors.
Adnoc is also boosting its production capacity with the help of Schlumberger and Halliburton, which got two contracts with the Emirati major last year worth some $4 billion. The same is true for Aramco, which has announced plans to increase its oil production capacity by 1 million barrels daily to a total of 13 million. According to Evercore, most of Saudi Arabia’s—and the UAE’s—new capacity will come from offshore developmen
Hey Snoop
So the final trade today was clearly you doubling your investment to £2.16.
Classic tree shake . Need for gas not going away for a long time .Gas boilers in new build banned from 2025 but not existing .
Starmer as usual hot air .
Uk needs own supplies in this ever increasing world unrest .
Probably a blue day .
Buying opportunity.
Hopefully end the day there too.
Good luck to all longterm holders and day traders.
Would like to see one or more of the major investors increase their holdings today .
Shell (LON: SHEL) has found gas at the hotly-tipped Pensacola well in the North Sea, partner Deltic Energy (LON: DELT) has announced.
The pair kicked off drilling at the high-impact target, hoped to deliver 309 billion cubic feet of gas in the mid-case, in November using the Noble Resilient jack-up.
Analysts have previously said it has potential to be “one of the largest gas discoveries in the UK offshore SNS in the last decade”.
Deltic Energy said well testing is now underway and is “pleased to announce” that Shell has “reported that gas has been encountered in the reservoir”.
Well testing is expected to take around 30 days, at which point Deltic will provide an update.
Shell is 65% owner-operator of Pensacola, with Deltic (30%) and ONE-Dyas (5%) as partners.
Deltic CEO Graham Swindells said: “We are very pleased to have encountered hydrocarbons in the Pensacola exploration well at this intermediate stage of well operations.
“We now look forward to working with the Operator on the well testing programme, and will update the market once that programme is completed.”
The mid case (309bcf) or high-case at Pensacola (1.1bcf) would see a new pipeline to the Teesside Gas Plant installed.
Deltic has quoted with a 55% chance of success, while operator Shell has quotes 30%.
If Pensacola is in the lower-end of estimates – around 39 bcf – then it would likely be developed as a tie-back to the Ineos Breagh platform.
Westwood Global Energy Group has highlighted that success at the prospect could open up a wave of new plays in the southern gas basin.
Senior manager for north-west Europe, Peter Henry, said success here would also provide impetus for 15 other licences targeting the same “under-explored” Zechstein geological play.
Wood Mackenzie named Pensacola as one of its “wells to watch” for 2023.
Shell is also farmed into Deltic’s Selene prospect in the southern gas basin, targeting 318 BCF.