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Crogga


Dr Beeching

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1 minute ago, offshoremanxman said:

Can’t see anything from government there. You’re just talking through your arse. 

You reckon they pitched their business plan to private investors with specific %s and cost caps for Govt without agreeing it with Govt first? Awfully irreponsible. Still, will make interesting drama when the Govt subsequenty decides those numbers aren't what they want.

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10 minutes ago, HeliX said:

You reckon they pitched their business plan to private investors with specific %s and cost caps for Govt without agreeing it with Govt first?

Well yes I know they did. If that isn’t so why have they now not got a license or any other thing to tangibly hang on to despite raising $50M? If it was all a pre ordained fix with government why is literally nothing happening to move it forwards? 

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18 minutes ago, offshoremanxman said:

Well yes I know they did. If that isn’t so why have they now not got a license or any other thing to tangibly hang on to despite raising $50M? If it was all a pre ordained fix with government why is literally nothing happening to move it forwards? 

They have a licence to start exploratory drilling. How do we know nothing is moving forwards? Neither party has issued any statement to that end so far as I can see.

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47 minutes ago, offshoremanxman said:

Well yes I know they did. If that isn’t so why have they now not got a license or any other thing to tangibly hang on to despite raising $50M? If it was all a pre ordained fix with government why is literally nothing happening to move it forwards? 

How can you have a licence for something that you do not know even exists yet? 

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10 hours ago, Dr Beeching said:

Or does it just mean they won't get quite as rich?

Probably this. 

Shale gas and fracking tends to go in and out of fashion (especially in the States) depending on the price of gas, as it's very labour intensive and expensive to do.  However I guess that drilling at sea appears to be a fairly viable proposition from a cost point of view.  I think the plan is also to tie it into the existing processing facilities in the Irish Sea, so this would make it even more viable, as Crogga wouldn't have to put in place the whole infrastructure. 

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4 minutes ago, Happier diner said:

Can you have a licence for a gun that doesn't exist?

Yep.  I used to have guns and a licence.  I sold all my guns and still had the licence for a couple of years after, you also get the licence before you can buy the guns.  It's not per gun (although you do need to advise the police what guns you have) it's more a certification that (in theory) you're responsible, experienced and have the means to store them safely. 

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On 5/31/2023 at 7:44 PM, Mann O Mann said:

 

Extremely fortunate to have Crogga Energy appointment Richard Hubbard as it’s CEO , formerly BP’s world wide head of geology exploration reporting directly into the former BP’s CEO Lord Browne.

And we , the Isle of Man tax payer, extremely unfortunate that we have the minister of DOI and a  DOI Chief Officer that will simply not engage with these highly respected individuals and companies  to move the project forward .

WTF!!!!!!!!!


 

 

 

Is this yer man?

https://www.corpwatch.org/article/norway-former-statoil-executive-pay-fine-over-iran-deal

 

 

 

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On 5/31/2023 at 11:26 PM, Mann O Mann said:

I think the former world wide head of BPs geological explorations data which he has obtained from BP and his opinion on the best way forward trumps your opinion . Along with the specialist gas investors analysis. No disrespect.

Source? Short cut to market contrary to established industry practice recommended by hired expert and investors? Where do we sign up? ‘Best way’ for the company sounds like they havent got the cash to do it properly.

I ask again. Show me a project in a responsible jurisdiction where no seismic survey before drilling is allowed. 
 

 

Edited by ian rush
have to haven’t
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11 hours ago, Tailless said:

Quite a few desperate Crogga investors doing the ole snakeoil dance here.

They are either investors or in the brainwashed brigade. 

 

We all know that we, the Manx people, will see no benefits from the Crogga. All the wealth will be sucked up and hidden within all the dodgy trust funds and investment hawks along Athol Street. 

 

Just look at the North Sea gas and oil in the 1980s. It the same lies then as it is now in terms of the wealth going to the government (not)

 

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But they have all of 2D seismic from last time it was drilled.....  don't tell me what took millions of years to form has changed substantially in the few decades since...

Seems like you know a bit about the industry, and and can't fathom why you're so against it.

Surely you can see the benefit to government if the gas flows, and the only way to establish that is to drill. 

 

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