Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
Yep we are all fck
Unions will be wanting their tuppence.
Not enough money to pay for their commitments/policies
Tax the oil industry more until no one will be able to drill as taxes are to high.
The last message left by labour at the treasury was nothing left all spent.
Vat added to private school fees wonder how schools will cope when they suddenly have a surge of applications from students whose parents can’t afford the 20% increase.
The green policy don’t expect tax cuts but tax rises.
Etc etc
Thanks Joe
I wasn’t aware 2 wells had been drilled.
My eye sight must be going as I didn’t see any announcement on drilling 2 wells.
I did know 8 wells were drilled(net)5.5 last year
If the person had put oil production is down compare to last year due to less wells being drilled I wouldn’t need to ask him for an answer.
Tongue and cheek I knew he wouldn’t post
Natural gas up 5% tonight
Trans Mountain Expansion: A Game-Changer for Canadian Oil Prices
MEG Energy sees the expanded pipeline raising Alberta's crude prices "for years" to come, executives said on the company's earnings call this week.
With improved access to global markets, Canadians can look forward to receiving higher value for our energy resources, meaning more money coming back into the economy," Lisa Baiton, President and CEO of the Canadian Association of Petroleum Producers (CAPP), said.
Alberta's government expects narrower discounts for Canadian crude and a surge in oil production in the province, thanks to the expanded Trans Mountain pipeline.
In its 2023-24 Mid-year Fiscal Update and Economic Statement at the end of last year, the government of Alberta said that "The completion of TMX in the second half of 2024 will help bring the differential to around US$14-15/bbl in the next two fiscal years."
Only two fires in Alberta of significant of which the fire department seem to have under control with light rain on one of the sites.
What size is Alberta compare to Britain??
Alberta (Canada) is 2.72 times as big as United Kingdom.
From Majid last year I’ve mentioned a few times the growth potential in the asset in some key areas, which are the Simonette and the Clearwater. We’ve also got lots of potential growth in the Wapiti and Central Alberta but Simonette and Clearwater are massively under booked in terms of our reserves bookings. The Simonette itself, if it was fully developed north and south, Simonette could deliver 30,000 barrels a day, which is obviously a multiple of what we’re producing at the moment and the Clearwater which is universally regarded as the best onshore acreage in Canada and the U.S. We’ve been growing that position largely through land sale options. We also did a very significant farm-in in the Clearwater. We now have almost 109 sections in the Clearwater, so a significant position. All of this is also largely operators so we are in control of our own destiny in how we develop it.
These areas have got potential for significant growth
Lots of news next week
1 Dividend 0.25p
2 Capital reduction
3 oil wells sold (we know of at least one has been sold but not how many more (will they make a announcement
4 We do know a announcement is going to be made but can only speculate on the below
1 land sale
2 partnership in developing certain areas ie Clearwater
3 Development of wells receiving royalties
4 buying another oil company
5 development of Uk assets
6 3rd oil company to develop Uk assets.
7 sold off Uk assets
8 close down Uk team and move all to Canada(highly unlikely)
The Company is progressing several initiatives which will be incorporated into an optimised 2024 drilling and capital programme, and we look forward to updating the market on this during the course of March."
The Company expects to pay the Q1 2024 dividend of 0.2565 pence per share in early Q2 2024, with an announcement made in due course.
11% dividend
For any new potential investor.
As we enter 2024 with continued weakness in commodity price forecasts, in particular for North American gas, our business strategy remains flexible between high rate of return organic drilling and inorganic growth opportunities. The Company is progressing several initiatives which will be incorporated into an optimised 2024 drilling and capital programme, and we look forward to updating the market on this during the course of March."
If I3e is selling part of its acreage in Clearwater then the only company which fits the bill is LOGAN
Who wants to increase its acreage in simonette Montney and ITE is surrounding logan own acreage as neighbours.
Check the map on Logan site
https://www.loganenergycorp.com/wp-content/uploads/2023/07/Logan-Energy-Investor-Presentation_2023-07-13.pdf
Could be but could not be interesting times this month
Athabasca has sold its 70% operated working interest in Placid targeting the Montney, its 30% non‐operated working interest in Saxon and Simonette targeting the Duvernay and other associated non-core Placid Montney assets to a private company for $160 million in cash before closing adjustments. During the first half of 2023, these assets collectively averaged ~3,000 boe/d (~45% Liquids).
One wonders how many acreage is been sold by i3e with one well sold to tamarack.
Hi GGG
Yes an interesting year ahead.
We will know soon how cost cutting has helped with profits and the expectations of 2024.
I hope to see the focus for this year will be clearwater and dividend maintained.
Acquisition at the right price.
I see Canadian oil is likely to be swallowed up by its loan company.
Any acquisition must have large losses to offset against our profits.
Will we be around by year end .