Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
Absolutely agree with this MG, Tilapia will be the cherry and the sprinkles on the icing on the cake, but Zeniths development of it's assets have become the rock solid foundations on which this company can grow. When I first started investing here just under a year ago the 2023 target was 23,000 barrels per day. With 8 wells at Tilapia to potentially come and with Tunisian output put together then this becomes a realistic figure. At $100 23,000 barrels would be $839.5m - x40 our current mcap. I can but dream!
https://oilprice.com/Energy/Crude-Oil/Top-Oil-Traders-See-Oil-Topping-200-By-End-2022.html#:~:text=A%20number%20of%20big%20oil%20traders%20now%20predict,in%20a%20significant%20loss%20of%20supply%20from%20Russia.
Bucephalus1 no need to panic he's not bringing the Welsh reputation into disrepute, just his own! Believe me, there are plenty of English people I would hope you wouldn't judge me on and Wales Vs England matches (rugby obvs) have provided me some of the best light hearted non threatening banter to date. Good luck to you and hope to still see you on here in 2 years when this minnow will have become a little monster in it's own right
Wraith please can you help me out and clarify something. Is AAOG somehow connected (shared partnership) with Zen in Tilapia? Is the 5000bopd from 8 wells on the AAOG sites, but useful as a guideline to the potential for Zen or is there a link as I don't remember reading this if there is?
Royowrongbb, you told me your holding in i3e was none of my business yet you keep posting about it on here, therefore making it our business!!!!!! Yet given you cannot keep of this bb there isn't a whiff of you on i3e's bb although..........there are 2 posters called Ratboy and ****wellin, maybe you are posting???
Even if (if if if) no oil is procured at West Newton, gas is ££££££££££££££££
By Jonah Fisher
Environment Correspondent
Published 18 May
The European Commission has given more details on how it plans to end Europe's dependence on Russian fossil fuels.
Russia supplies 40% of the EU's natural gas and 27% of its imported oil. The EU sends the country roughly €400 billion a year in return.
Now the EU plans to speed up its shift to green energy but says it must also invest in pipelines in other countries. ...
The updated proposals outline not just how the EU plans to negotiate both the immediate gas crisis, but also deliver on promises to completely wean itself off Russian energy by 2030.
The strategy focuses on three key topic areas. Improving energy efficiency, expanding the use of renewable energy and securing non-Russian suppliers of oil and gas. ...
The REPowerEU plan is estimated to cost €210 billion (£178 billion) over the next five years. ...
More gas and oil infrastructure
Even if they are fast-tracked in special zones, new wind and solar plants will still take time.
To quickly diversify from Russian fossil fuels, the EU is investing up to €12 billion in pipelines and Liquified Natural Gas (LNG) terminals to improve access to gas and oil from other countries including Egypt, Israel and Nigeria. ..."
https://www.bbc.co.uk/news/science-environment-61497315
Goehring & Rozencwajg Natural Resource Market CommentaryToday 15:06.
https://4043042.fs1.hubspotusercontent-na1.net/hubfs/4043042/Content%20Offers/2022.Q1%20Commentary/2022.Q1%20GR%20Market%20Commentary.pdf
Goehring & Rozencwajg commentary on the near-term future for the oil market ( the document is about the gas market but it also discusses the oil market):
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"We are now beginning to understand what a world looks like as it runs out of spare oil pumping capacity. Even with the huge releases of oil from Strategic Petroleum Reserve, oil prices have hardly pulled back. Global inventories, now at record lows, continue to draw counter-seasonally and are reaching dangerously low levels. Even with all the dislocations caused by the Ukrainian conflict and COVID problems in China, global oil demand in Q4 will approach global pumping capability according to our modelling. Strong demand, declining production, record low inventories, and now no spare pumping capacity—all these factors will push oil prices higher in the second half of 2022. Even in the face of all these factors, investor interest in energy markets remains incredibly subdued. The advances we have seen to date have basically been short covering and active managers buying on the margin. Once investors and institutions realize the energy market has fundamentally changed and the decade of cheap, abundant energy is over, the amount of capital that rushes into this sector could be huge. The global energy crisis has just started, and it will take many years to fix. For those that make investments today, the rewards could be immense. "
Royorules, please can you point me in the direction of the T&C's, just so I know what number of posts I need to have achieved before I'm allowed to enter into certain types of conversation. Does it work like a tier system? Bronze, Silver, Gold.....7,195 posts like you I assume you have reached Platinum status and are entitled to write any old unsubstantiated garbage on here (sorry, that last bit was probably outside of my bronze status - don't worry I'll report myself to save you the trouble)
In all your 25 years Mirasol.......did you read a CPR posted only a few weeks ago which answers your question before posting negative feedback??? I've copied and pasted below for your pleasure. Again, without ANY of us on here knowing for sure, the fact they have (at great expense) expanded the research into the site to look further at the longevity and earnings sustainability would MOST LIKELY suggest (and this is also in their own words below) a more positive outlook than they were expecting. Additionally, they also mention additional resevoirs. Congrats to all involved, this 'most likely' looks likes great news for all - now everyone, take a chill pill, read a book, smoke a cigar, whatever you do to pass the time - but stop writing speculative c*#p and just wait for the report, then you will know the answers rather than guessing them! And Royoguesswork, that is also aimed at you. You bring less value and sense to this BB than you bring punctuation - if that's possible!!!!
Over the course of the initial preparation of the CPR, particularly given the receipt of further positive information in respect of downhole pressures and the continued elevated production figures from Wressle-1, the decision was made to expand the scope of work from a CPR to a wider Reserves and Resources Report prepared in accordance with the Petroleum Resources Management System ("PRMS"), a standard developed by the Society of Petroleum Engineers.
The additional reporting in the expanded scope of work for the Gaffney Cline report will incorporate:
· 1P/2P/3P reserve values for the Ashover Grit and Wingfield Flags reservoirs
· Highlight and discuss any additional potential reservoirs
· Generation of an indicative 2C profile for the *****tone Flags reservoir
· Preparation of a 2P+2C profile illustrating future field potential
Absolutely BANG on TAC! I read Mirasol's post and thought the same, absolutely no basis of fact or knowledge, just stirring the pot! Mirasol, unless you have any sound facts or knowledge of exactly why the report has taken this length of time then do the best thing you can do - which is nothing! Also, justbe and persimmon, are you really going to count down the number of days until the end of the year. We're all aware of the 'bet' Heid has made - bored!