Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
Silverfoil13, A reduced Sealion field will only produce approx ~45,000bbls day / 16mbbls year. RKH's 35% share would equate to 5mbbls /year.
Sealion was optimized to be profitable at $45 but because that will probably increase to $50-$55 on a smaller project. Realistically will be looking at a pre tax profit of ~ $100m @ $75oil
IMO
This is the key line for me. It clearlydemonstrates Italy wants gas security for their citizens but at the same time wants to block oil and gas production in their country.
"It is good that the EU Commission has included the latest generation of safe and clean gas and nuclear in the taxonomy.
I really fail to see how a judge can now rule against RKH.
Hypocrisy at best?
https://www.express.co.uk/news/world/1533382/france-news-italy-eu-nuclear-power-victory
Rome further welcomed the news with Vannia Gava, a deputy of the Lega political party and Undersecretary at the Ministry of Ecological Transition, tweeting: "It is good that the EU Commission has included the latest generation of safe and clean gas and nuclear in the taxonomy.
"We need stable sources, which will protect our country from the unjustified price fluctuations that are sending businesses and citizens into crisis."
https://www.marketwatch.com/story/amazon-gets-1-28-bln-antitrust-fine-in-italy-update-271639044247
Amazon fined $1.28 billion by Italy’s antitrust regulators
Hopefully the next RNS will set out a future without PMO/HBR tied around our necks. A huge oil field to do so as we please.
I'm going to laugh so much when those who sold out have to buy in at a higher price on news.
It will be paid for by Italian assets.
Stereax facility open and no news on orders or licences. You want to kmow why?
If Ilika were on Dragons Den I imagine they would get scolded because of the price valuation.
Fudd the north sea investment is dead with most of the majors selling assets. Too much tax and too much politcal inteference from Nicola Sturgeon.
Fudd, you know perfectly well Nicola Sturgeon will be holding a Scottish independance vote shortly which she will probably win.
Every clock is correct twice a day. Ilika has no profits and the share price will correct to value.
Nicola Sturgeon probably killed off Cambo. Lets hope the FIG take note os Shell's move.
fudd those figures were stated two years ago when the oil price collapsed and rig rates were down by 50%. I think more importantly Russia and SA can't increase production by a great amount and US frackers will only produce more with higher prices. The majors have curtailed new investment. We also see the US has been releasing oil from the strategic reserves for many months now. This can only lead to higher prices going forward.
Wrong fuuddstone, most the remaining big oil is in deep water. Deep water is $100 oil.
Fuddstone, you are the one who needs to do the research. Yes there is ample oil in the world but at what cost to extract. All the cheap extractable oil has been used (low hanging fruit).
You obvioulsy didn't read the article. Oil will skyrocket well past $100 when OPEC can no longer keep up with demand, estimated in a few years time. (Perfect for Sealion)