Member Info for thewackmiester

Hi all,
I’m very much invested in Predator oil and gas and have been, just after missing the ipo a few years ago.
(Not pushing Predator by any means)
I have stated on the PRD board IMO that the future of both companies could well be moving forward in the same direction and was the factor that helped me decide to invest in lansdowne.
The decommissioned kinsale field, PRD involvement in Trinidad with enhanced oil recovery coupled with carbon sequestration and our FSRU solution for Ireland when the spot on consortium is looking to lease floating platforms seems to me as a bit of a no brainier. ( Paul Griffiths, CEO of PRD is also Irish and has a lot of connections in the industry).
For anyone who has not heard of what predator are doing, have a little read of the latest presentation at

https://www.predatoroilandgas.com/investors/presentations/

Or the business post Ireland has a good write up of the FSRU proposal.

https://www.businesspost.ie/energy/new-firms-lng-plans-would-make-ireland-major-exporter-of-gas-95728294

Both companies seem to be playing from the same hymn sheet and I would like to suggest that there are bigger plans in store for all concerned.

GLA
Wacky

Hi Nic
Yes you are correct, no firm indication from the consortium on how the cost savings per barrel would be achieved, my immediate thought was our FSRU solution.
No costly pipeline to install and maintain with all the extra infrastructure to go with it, but can you also imagine trying to get the planning permission from the Irish government to install as such.
It just won’t be allowed in today’s political arena.

However the use of existing infrastructure from the decommissioned kinsale field is an option but if you were to attempt to connect to it by conventional means you would still require a pipeline or pipelines from the numerous proposed wells to the existing kinsale structures from the new barryroe fields.
An FSRU solution would eliminate that problem and ergo massive savings in costs and time.
Spoton have said first gas deliveries in 18 months !

You also mentioned a very valid point on why wouldn’t they have their own FSRU, I have no answer, but I think if they were going down that road they would have announced the plan in the original farm out deal with the Chinese.

In commercial terms we could sign a contract with them for the supply of future gas supplies as we could also sign numerous contracts with other suppliers to receive and distribute indigenous gas.

My belief, this is the direction that PRD are focusing on. We are not becoming a producer of oil and gas but merely the technology in supplying the product.

The next few weeks, I will be glued to news desks !!
AIMHO of course.

GLA
Wacky

Hi Nic
Hope yr well.
Definitely exciting times, I couldn’t resist a little dabble in lansdowne yesterday, (no not ramping) I must admit to not taking to much notice of their program until it dawned on me that they could be potential participants in the Irish affair instead of competitors, due to the wording of a few paragraphs in the articles that I posted, for example:

“Providence added that the consortium would be involved in the development planning process from day one and expects to deliver a lower cost per barrel development and operating costs versus traditional offshore field developments”.

That statement would suggest an FRSU solution instead of a very costly in more than just monetary terms to shore pipeline. (Environment also).

And

“We will be encouraging the consortium members to identify additional investment opportunities within Ireland where their expertise can be deployed in support of the development of a carbon-neutral economy.

I read into that carbon capture storage which is targeted to make a big reduction in climate Co2 figures in which we PRD, have made progress where others including majors have struggled.

But who knows,
however if we can achieve the same amount of shares traded yesterday as on lansdowne at @70 million, Where on earth will our SP arrive at ?

Happy days
GLA
Wacky

Morning all,
Apologies for bleating on about lansdowne/providence.
But with regard to the two articles below by offshore energy regarding the barryroe project, (published 3 & 4 months ago respectively).

May I suggest the narrative from their consortium and our BOD are being played from the same drum.
Coincidence ?
Ducks ? Quack Quack.

https://www.offshore-energy.biz/spoton-energy-takes-next-step-in-barryroe-farm-in/

https://www.offshore-energy.biz/barryroe-consortium-spots-filled-by-top-service-providers/

AIMHO of course.
GLA
Wacky

Today in the business post. Very interesting.

Providence Resources has finalised a deal to farm out a stake in its Barryroe oil and gas field off the coast of Cork to Norwegian consortium SpotOn Energy.
The deal was initially due to be completed by the end of October but Providence announced last month that it had extended the period of exclusivity with SpotOn to November 30.
A deal has now been finalised and is due to be announced in the coming days.
In July Providence announced the composition of the farm-out group that SpotOn, its partner in the farm-out process, had put together. Members include Schlumberger, the oilfield services company, Aker, a Norwegian engineering company, Keppel, Aibel, AGR and Maresk Drilling.
Stale Fjelland, who spent 12 years working at Schlumberger, is the chief executive at SpotOn.
The project will be financed in part by Norwegian export credit while Pareto Bank is also understood to be involved.
Davy, the stockbroker, has previously said completion of the deal would mark a “material turning point” for the group.
Announcing the extension of the exclusivity period last month, Alan Linn, the Providence Resources chief executive, said the exploration company had made “excellent progress” in agreeing the terms of the farm-out deal.
“The farm-out is structured to ensure that the development is fully funded and includes an Early Development Scheme work programme for the Barryroe oil and gas field.
“It is important that the partnership agreements and work programme are comprehensively documented and this process requires some additional time to complete,” he said.
Linn was appointed chief executive of Providence Resources in January following the departure of Tony O’Reilly Jr. The oil company has come through a difficult restructuring following the collapse of a prospective deal to develop Barryroe with Chinese investors Apec last year. Providence has interests in several other exploration licences off the west coast of Ireland.
Linn told the Business Post earlier this year that he was also interested in taking over the pipeline network at the nearby decommissioning Kinsale gas field as he suspected Barryroe is a much bigger gas prospect than previously thought.
Leo Varadkar, then taoiseach, announced in September 2019 that all future licences for oil exploration would be banned, while licences for gas exploration would continue. The government subsequently confirmed that existing licences, such as Barryroe, would not be affected by the change in regulation.
In the programme for government, the coalition committed to ending the issuance of new licences for the exploration and extraction of gas on “the same basis as the recent decision in relation to oil exploration and extraction”.

Implications for our good selves ?

GLA
Wacky

The CRU said climate action and the transition to a low-carbon future was “at the heart of CRU’s strategy and its policy decision process”.

A spokesman for the regulator said it did not “perceive barriers within its current mandate” to deliver on the state’s climate ambition.

Yet he also said the CRU was open to “clarity and rationalisation” of the current legislative framework and would “continue to work with all stakeholders as the role of regulation continues to evolve”.

“The transition to a sustainable energy future will require fundamental change in the way we source, transport and use energy,” the spokesman said.

“The CRU will work to protect the public interest, as we ensure a sustainable and secure transition, with transparent, reasonable and competitive prices for all consumers of energy, and customer protection throughout.”

A spokeswoman for Friends of the Earth said that although the utilities had rejected the criticism, they had provided no evidence to show how their expanded infrastructure would be decarbonised using existing and practical technologies. In the absence of this, their expansion plans could only be seen as a high risk for “carbon lock-in”.

“If their policies and strategies are indeed in line with international and national commitments on climate action, it follows that they should have no objection to an amendment of their mandates to align with those commitments,” the spokeswoman said.

“The ESB and Gas Networks Ireland may point to strides they have made to decarbonise, however to do this while facilitating an expansion in fossil gas infrastructure contradicts climate science. Alignment of their legal mandates with their decarbonisation commitments is surely a sensible step.”

Slowly slowly catchy monkey.

GLA
Wacky

An article from the business post, although its a couple of months old, reading between the lines IMO backs up what Paul has said about our proposal for Ireland par say.

The ESB, Gas Networks Ireland and the Commission for Regulation of Utilities (CRU) have all rejected a report which claims they are undermining Irish and international climate targets.

The two energy providers and the regulator were reacting to a report from Friends of the Earth, the environmental charity, which argued the public bodies were complicit in expanding fossil-fuel infrastructure and therefore “locking in” higher carbon emissions.

The new research showed how the public bodies’ statutory mandates did not require compliance with national and international climate law. Friends of the Earth argued that the utilities‘ strategic plans were not fully aligned with the UN Paris Agreement obligations and did not properly address principles of climate justice or sustainable development.

The report pointed out how ESB and Gas Networks Ireland investment plans would expand fossil-fuel infrastructure, while the state would continue to subsidise fossil gas investment and usage.

“These plans are likely to ‘lock-in’ carbon intensive high emissions and undermine investment in energy conservation and renewable generation,” the report said.

Speaking to the Business Post, all three public bodies rejected claims that they were undermining climate targets.

Gas Networks Ireland said it was “committed to supporting the decarbonisation” of Ireland’s energy system while maintaining “a secure and competitive energy supply”.

“Our strategy is in line with national and European energy policy, which acknowledges the importance of the gas network and renewable gases, such as biomethane and hydrogen, in meeting climate goals,” a spokesman said.

“Using proven technologies and existing national infrastructure, we are developing innovative solutions that will support the growth of intermittent renewable electricity and reduce emissions in difficult-to-decarbonise sectors of the economy.”

The ESB said it had committed to an “ambitious 50 per cent carbon reduction target by 2030” and was investing in renewable generation to help meet the Paris Agreement targets.

It said its investment in new gas plants were “peaking plants” rather than “baseload gas plants”. These were designed to support increased renewable penetration by running only when renewables were low or not available, it said.

The ESB also rejected a claim that it was “highly dependent on the development of carbon capture and storage” to help mitigate the carbon impact of its fossil infrastructure.

“Our 2017 publication ‘Ireland’s Low Carbon Transition: Dimensions of a Solution’ provided a broad analysis of options to decarbonise the entire energy system. Carbon capture and storage (CCS) is one of these options, however ESB has not committed to CCS,” a spokesman said.

continued.

Hi Nic,
Enjoyed your post.
Did you notice how many of the companies involved in the advert for a better term, were participants in the Cerm Project in Trinidad.
Just wondering how long it will be before Predator is announced in top level news as a driving factor in Ireland’s transition to a greener gas full circle CO2 economy.
I think the play here is genius, if you consider the past problems the majors had with kinsale and more recently Corrib with the protests against land based terminals etc, who are the environmentalists going to shout at ?, little PRD who has history and proof of making co2 sequestration possible, has an Irish CEO, is on their side and actually “we are keeping the big boys in check because we have the contract with the Irish government and they don’t” (ahem for the time being).
Great things are happening IMO and I’m starting to feel like Santa is about to drop off some prezzies.

GLA
Wacky

“To address the electricity supply constraint from the Eirgrid network, a new generation of data centres is being developed with on site gas combustion supplied by the Gas Networks Ireland (GNI) pipeline system.

“This is combined with unrealistic projections on the capacity of sustainably produced ‘carbon neutral’ bio methane to dilute into the fossil gas supply system and reduce GHG emissions.”

Last year, Eirgrid warned that the growth in demand for electricity required to power data centres over the next five years would be “challenging to deliver”.

Tom Gallery, Eirgrid’s head of access and planning, raised the question of where the power would come from as it would require significant amounts of new infrastructure.

He compared the electricity needs of new data centres with the total demand growth between 1930 and 1980, including the entire period of electrification.

The unprecedented growth in energy-hungry centres means they are expected to make up 29 per cent of Ireland’s entire electricity use by 2025. A recent generation capacity statement from Eirgrid warned that the increasing number of data centres and the closure of Moneypoint power station could mean there is not enough electricity to meet demand after 2025, although Eirgrid is acting to rectify this by inviting new electricity generators to connect to the grid.

Hopefully PRD have the answer in LNG generation for greener power.

GLA
Wacky

Article in the Business post about Irish Data Centers having to generate their own power due to supply issues.

All new data centres planned for the Dublin region will have to build their own onsite power generation or risk being cut off due to electricity supply issues, the Business Post has learned.
It comes amid ongoing concerns about the pressure the increasing number of data centres is putting on the national power supply.
Power constraint issues in the wider Dublin region means that Eirgrid, the transmission operator, will only be able to give new data centres a stable connection to the grid on the condition that they build their own onsite power generation for times when there is not enough power available. In time, Eirgrid hopes the power supply issues in Dublin will be rectified, allowing new data centres to run themselves exclusively on grid supplied electricity.
The onsite generators are most likely to be gas turbines, and according to Eirgrid they need to be “capable of continuous running for extended periods” and cannot be “limited by fuel reserves, environmental licensing or regulatory obligations”.
“Generation must be proximate to the data centre, owned by the customer and must be energised and operational prior to firm capacity being available to the associated data centre,” Eirgrid said in a report published at the end of the summer.
A spokesman for Eirgrid told the Business Post that the long-term electricity demand forecast in Ireland continued to be heavily influenced by the expected growth of large energy users, primarily data centres.
“These need a lot of power and can require the same amount of energy as a large town. A significant proportion of this extra load is contracted to materialise in the Dublin region,” the spokesman said.
Through power generation capacity auctions and key infrastructural projects, Eirgrid will work to rectify the power constraints now affecting Dublin and the data centres trying to connect to the grid.
The news comes as Crag Digital became the first data centre owner to be issued an industrial emissions licence for its data centre in Clondalkin. The licence is required of any energy generators that produce high volumes of carbon emissions. The data centre will run onsite gas generators, which Crag Digital says will be partly fuelled by renewable bio methane. There are currently very limited supplies of bio methane being injected into the Irish gas grid.
Ian Lumley, head of advocacy with environmental NGO An Taisce, said the growth of data centres in Ireland was posing serious energy and climate problems.
“The continued international promotion of Ireland for data centre development is not addressing the impact on energy and climate policy, in increasing fossil fuel demand and diluting the percentage of renewable capacity on the electricity grid,” he said.
Continued.

Can’t buy anything at all not even 100 shares on IG or HL
Something happening ??

GLA
Wacky

Hi Nic
I did see Joe Biden reply to a reporter when asked a question , he said “ who do you work for” “The BBC” the reporter replied, to which Joe said “I’m Irish” and walked away with a grin on his face.
Things are definitely hotting up and has anyone else noticed the amount of publications in the press regarding energy change since the election,

anti fracking played a big part in Bidens campaign, not that he will be President for very long IMO.
Step up Kamala Harris after the 25th amendment has been invoked on JB through dementia and then full speed ahead with the planned energy switch, which can only be good for us early investors in PRD.

Could I have also noticed a certain pattern in of JFKs assassination and hello Lyndon Johnson “welcome to the whitehouse” when major change was or is required.
It seems to me that the term rinse and repeat can be placed alongside global politics and not just restricted to certain chat boards.

However in this instance hopefully it will lead to change in a positive way through CCS, greener energy, a less polluted planet and a future for our descendants.
AIMHO of course.
GLA
Wacky

Nice find Proselenes, possibly things all starting to tie up now.
Interesting article about Morocco, mentions strong co-operation with the EUs green deal, which we all know is natural gas as the unequivocal transition fuel.

https://apple.news/A9IBS4zK2Tb2YEdkrO9UaUQ
(Hope the link works)

GLA
Wacky

Totally agree PT
Good find.
I wonder what the financial penalties will be from the EU for failing to keep to the program/agreement.

GLA
Wacky

Certainly gaining a bit of traction/attention now which can only good for PRD and the planet.

Couple of interesting articles

https://www.theparliamentmagazine.eu/news/article/delivering-the-eu-green-deal-lng-is-key

https://www.theparliamentmagazine.eu/news/article/morocco-a-green-energy-bridge-between-europe-and-africa.

Let’s see what the future brings.
GLA
Wacky

Now we have full ministry approval to setup and produce oil from CO2 eor, with a recognised program and the only company in Trinidad capable of doing so , time to build up momentum and get the message out there to investors.
Flagstaff to shine ?

GLA
Wacky

interesting article, by business post Ireland, basically huge investment from big tech and not enough power to run it.

https://www.businesspost.ie/utilities/tech-companies-turn-to-fossil-fuels-to-power-irish-data-centres-831f2133
you do require subscription to read the full article.

However after a little research there are a lot of free articles related to, including this one
https://www.irishtimes.com/opinion/high-energy-data-centres-not-quite-as-clean-and-green-as-they-seem-1.4013992
which mentions "data centre" and LNG from the Shannon proposed site, which as we know is supposed to be coming from the US (Fracked gas) and the greens are wholly against Fracking.
So my point is, are we to step in (PRD) with our Full cycle CO2 sequestration, eliminate growing energy demands, keep the big techs, business,EU,local government,the greens and more importantly the Irish people happy with our fantastic plan and or possibly, If anyone can come up with a better proposal, Im all ears, selling my shares and off on another venture.
(Not a Chance)

Please dyor and
GLA
Wacky

Hi Nic,
Yes I do think you are correct as in slightly different technology but in essence the principal is the same.

Reading through the paper I posted earlier I would suggest viscosity between the two different gases does play a part, but not in the same way as enhanced oil recovery and as you’ve quite rightly said, neither of us are competent chemists.

however my take on the research, could be the differing densities of the gases involved making the idea feasible.
super critical liquid CO2 is injected into the bottom of the depleted reservoir (kinsale or others ?) where it sits quite happily, the reserves of Natural Gas will form on top of a CO2 cushion, rising to the top of the production well as NG is less dense than CO2. then when required can be drawn off.
You could use the same principal in storing NG in an old well, through injecting NG into where it will again form and “sit” quite happily on top of the CO2 cushion waiting for draw off.

This idea if it came to fruition would not be of a great surprise as the idea of sequestration and offshore NG storage has been mentioned in previous RNs.

As always willing to learn.
GLA
Wacky

Morning all,
Came across this,
with our now proven experience and technology in enhanced oil recovery, another string to our bow could be the recovery of Natural Gas from depleted reservoirs Using CO2 sequestration as per the study from Berkeley University California.
I’m not saying this will happen but in theory it would tick a lot of boxes as in,
Help out in short term for gas production ?
Potential storage for CO2, pending-results of reservoir suitability at Kinsale etc
Some existing infrastructure may be able to be modified for the adaptation of an offshore LNG operation.
No drlling of exploratory wells as already proven.
The greens might find it palatable.

The first paragraph of the paper is self explanatory.

Natural gas reservoirs are obvious targets for carbon sequestration by direct carbon dioxide (CO2) injection by virtue of their proven record of gas production and integrity against gas escape. Carbon sequestration in depleted natural gas reservoirs can be coupled with enhanced gas production by injecting CO2 into the reservoir as it is being produced, a process called Carbon Sequestration with Enhanced Gas Recovery (CSEGR).

Or the link to the full download paper.

https://www.researchgate.net/profile/Curtis_Oldenburg/publication/228822684_Carbon_sequestration_in_natural_gas_reservoirs_Enhanced_gas_recovery_and_natural_gas_storage/links/00b4952b31fee9c2e6000000/Carbon-sequestration-in-natural-gas-reservoirs-Enhanced-gas-recovery-and-natural-gas-storage.pdf?origin=publication_detail

Happy reading.
GLA
Wacky

I was taught to be cautious Mr H
But if the beautiful flooring in the banqueting hall is anything to go by, the signs are looking good.

Atb
Wacky