Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
I think it was pretty obvioud HBR were not interested in Sealion. HBR oil/gas production results announced today are damn poor. HBR have bigger problems. Hopefully now Navitas and another (Cairn?) along with the FIG can get Sealion up and running.
FIG will have no choice but to offer better terms to RKH and Navitas. Could be excellent news.
Buzz: you keep on posting these valuations. RKH Mcap right NOW is £36MILLION. Why do you think it is a tiny fraction of the valuations of similar sized fields you quote????
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Obviously because Sealion is still a long bet.
Royal Dutch Shell Sells Permian Basin Oil Holdings for $9.5 Billion
The deal with ConocoPhillips comes with oil prices high, Permian production strong and Shell under pressure to move faster to cut carbon emissions.
Shell’s Permian business includes ownership in approximately 225k net acres with current production of around 175 thousand barrels equivalent per day. This transaction constitutes a Class 2 transaction for RDS plc under the UK Listing Rules. The gross assets that are subject of this transaction amounted to $10.5 billion December 31, 2020.
HBR will not make a decision until early next year when the license ends.
No news from HBR on Thursday. HBR in no rush to do anything and why would they.
Navitas still in play though because that's what they do. Oil production.
Nick Butler, visiting professor and chair of The Policy Institute at King's College London, told the BBC's Today programme that a reduction in supply from the United States, Russia and the North Sea was playing a part, as well as limited storage facilities for gas in the UK.
"The government has taken their eye off the issue of energy security," he said. "All of the focus in Whitehall has been on climate change. For the moment, we're very reliant on oil and gas and when gas gets short in the world market, it hits back here."
Russia has the UK in a corner over gas supplies whilst the British Goverment have been idly twiddling their fingers over the last 20 years of UK gas & oil supply destruction. We have no world class leaders in the UK anymore. Maybe this will open the publics eyes to the renewable energy dependency myth.
Ed Miliband, Labour’s shadow business secretary, said: “A basic duty of Government is to ensure secure, affordable energy supplies for businesses and families.
“It is a fundamental failure of long-term Government planning over the last decade that we are so exposed and vulnerable as a country and it is businesses and consumers that are paying the price.
China building 100 coal power plants and soon the UK won't even manage to even keep the lights on.
Energy security should be their number 2 priority after National security. The Falklands oil and gas production should have been rubber stamped years ago.
No doubt the conservatives will come out in the next few days with some complete bull**** about how recent gas prices are out of their control. Failure at the very top of goverment.
If ICSID want a shred of credibility they should not entertain the even slightest intimation of EU lobbying. It would be the end of ICSID.
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Yes quite.
There will be no out of court settlement or under the table nonsense. We have to believe the rule of law will prevail.
I believe there are numerous cases awaiting the outcome of RKH v Italy to go down the same route. The last thing Italy needs is bigger more expensive claims. I doubt the EU want that too.
It would seem pretty obvious to me that RKH have won their case. Have Italy have gone crying to the EU to look for support? Surely the rule of law can't be blugeoned by interfering politicians?
UK gas prices gone through the roof. HBR will be printing cash. There are no more excuses for HBR to delay Sealion. Either they want the Sealion licence or they don't. Time is nearly up.
Shouldn't XR be demonstrating outside China's embassy. (200 new coal power plants this year)
Could Tuna be the next Zama?