Happier diner Posted June 23, 2023 Share Posted June 23, 2023 25 minutes ago, HeliX said: Why did Crogga need to vary the licence in the first place? Were they trying to dodge some of the responsibilities? Very probably. Quote Link to comment Share on other sites More sharing options...
The Phantom Posted June 23, 2023 Share Posted June 23, 2023 43 minutes ago, Happier diner said: Why would you have tomes of regulations that appertain to an activity that you do not, and never have, carried out. You seem to be in the same cloud cuckoo land as him. Why do you need regulations to do something? Surely regulations control or prohibit you doing something. It doesn't add up. It like saying I can't build a shed on my land because there are no planning regulations. Something is not adding up here. I think we should wait for an official government point by point rebuttal On one hand you've got the CS and FSA who are actively in the process of regulating most firms, especially in the Finance Industry, out of business. On the other, you've this Titanic submarine that was not regulated in any shape or form and look how that turned out. Or even the MER trams? Ideally you'd have a middle ground, but it's clear that's not how we do things (anymore). Quote Link to comment Share on other sites More sharing options...
The Phantom Posted June 23, 2023 Share Posted June 23, 2023 (edited) 32 minutes ago, HeliX said: Why did Crogga need to vary the licence in the first place? Were they trying to dodge some of the responsibilities? Wasn't it along the lines of the 3D survey that Govt was said was required? But Crogga have said it's not really required. All that would prove is there is viable gas there. Crogga already believes there would be and would prefer to cut to the chase and just drill a test well rather than messing about delaying things even further. Edited June 23, 2023 by The Phantom 1 Quote Link to comment Share on other sites More sharing options...
HeliX Posted June 23, 2023 Share Posted June 23, 2023 2 minutes ago, The Phantom said: Wasn't it along the lines of the 3D survey that Govt was said was required? But Crogga have said it's not really required. All that would prove is there is viable gas there. Crogga already believes there would be and would prefer to cut to the chase and just drill a test well rather than messing about delaying things even further. Why didn't they object to the inclusion in the original licence then? Presumably it was a collaborative process. Quote Link to comment Share on other sites More sharing options...
Mann O Mann Posted June 23, 2023 Share Posted June 23, 2023 6 minutes ago, Happier diner said: That is the potential total value of the gas isn't it? Absolutely nowhere near all of that would end up in reserves. It is not net of costs. The way recent projects have gone we would probably end up paying from reserves to prop it up. Incorrect , that’s the government share. Total est value is £12 billion . Based on the average price of gas for the last 10 years. Could be wrong but I recall it being conservative. 50/50 chance of it being commercially viable - so it’s a bet. But descent odds based on the surrounding geology of other gas fields in the Irish Sea. Gas will be with us for well beyond 2050. DNV below is a Leading not for profit Norwegian Energy Consultancy. Quote Link to comment Share on other sites More sharing options...
HeliX Posted June 23, 2023 Share Posted June 23, 2023 Just now, Mann O Mann said: Incorrect , that’s the government share. Are you suggesting they're giving the Govt half the revenue rather than half the profit? 1 Quote Link to comment Share on other sites More sharing options...
The Phantom Posted June 23, 2023 Share Posted June 23, 2023 4 minutes ago, HeliX said: Why didn't they object to the inclusion in the original licence then? Presumably it was a collaborative process. No idea. They probably expected a quick, nimble and responsive Govt (as per all the Starship Enterprise propaganda) rather than bureaucratic fannying about they now seem to have gotten embroiled in. Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted June 23, 2023 Share Posted June 23, 2023 16 minutes ago, The Phantom said: All that would prove is there is viable gas there. Crogga already believes there would be and would prefer to cut to the chase and just drill a test well rather than messing about delaying things even further. Who needs geology when you have Faith? 1 Quote Link to comment Share on other sites More sharing options...
Mann O Mann Posted June 23, 2023 Share Posted June 23, 2023 Just now, HeliX said: Are you suggesting they're giving the Govt half the revenue rather than half the profit? The Government get this is in taxes from Crogga. Estimated of course but they have communicated with the Gov on this , not made up .Even if half that for , what ever reason happy days for our kids pensions , health service , infrastructure etc etc - have you ever been to Norway ? No cost to the tax payer. I saw in the Crogga news that they have even offered to pay for any costs to get the rules and regs in place which would usually be a government cost . They rubber stamp most UK rules and regs 😀why not these🤔…… But for some reason dithering on this . Absolutely no point in developing tailor made IOM regs as this is a one off . Never to be seen again . Again it’s a bet but no bet to the tax payer . There have been 2 other test drills in manx waters when they were previously UK waters . BP was the last if I recall. ever heard of any issues ref this - scaring mongers from the green left , never never brigade on drilling like it’s never been done before . the company they have selected to drill look after BPs world wide offshore assets so not tin pot. the UK will probably issue another 100 licences this year within UK territorial waters . you don’t here about that on Facebook but thats the reality . 3 Quote Link to comment Share on other sites More sharing options...
HeliX Posted June 23, 2023 Share Posted June 23, 2023 20 minutes ago, The Phantom said: No idea. They probably expected a quick, nimble and responsive Govt (as per all the Starship Enterprise propaganda) rather than bureaucratic fannying about they now seem to have gotten embroiled in. I have to write quite a lot of proposal documents, statement of work documents etc in my job. I certainly wouldn't write or sign something that contained some work we weren't going to carry out. Quote Link to comment Share on other sites More sharing options...
The Phantom Posted June 23, 2023 Share Posted June 23, 2023 9 minutes ago, Roger Mexico said: Who needs geology when you have Faith? They've already done various geological surveys. It appears that Govt are demanding an additional extra special one. It's akin to passing your driving test. But then being told you can't drive and actually now need to do an Advanced Driving Test. They would be using bona fide drilling company. It's not like the world will end and they accidentally awaken Godzilla or something. Drill, there will either be gas, or not. It's their time, effort and money. 1 Quote Link to comment Share on other sites More sharing options...
Tailless Posted June 23, 2023 Share Posted June 23, 2023 10 minutes ago, Mann O Mann said: The Government get this is in taxes from Crogga. Estimated of course but they have communicated with the Gov on this , not made up .Even if half that for , what ever reason happy days for our kids pensions , health service , infrastructure etc etc - have you ever been to Norway ? No cost to the tax payer. I saw in the Crogga news that they have even offered to pay for any costs to get the rules and regs in place which would usually be a government cost . They rubber stamp most UK rules and regs 😀why not these🤔…… But for some reason dithering on this . Absolutely no point in developing tailor made IOM regs as this is a one off . Never to be seen again . Again it’s a bet but no bet to the tax payer . There have been 2 other test drills in manx waters when they were previously UK waters . BP was the last if I recall. ever heard of any issues ref this - scaring mongers from the green left , never never brigade on drilling like it’s never been done before . the company they have selected to drill look after BPs world wide offshore assets so not tin pot. the UK will probably issue another 100 licences this year within UK territorial waters . you don’t here about that on Facebook but thats the reality . Surely you haven't dumped you life savings in this? Your overselling of Crogga seems like you stand to lose a packet if it don't go ahead. 1 Quote Link to comment Share on other sites More sharing options...
Roger Mexico Posted June 23, 2023 Share Posted June 23, 2023 2 minutes ago, The Phantom said: They've already done various geological surveys. It appears that Govt are demanding an additional extra special one. It's akin to passing your driving test. But then being told you can't drive and actually now need to do an Advanced Driving Test. They would be using bona fide drilling company. It's not like the world will end and they accidentally awaken Godzilla or something. Drill, there will either be gas, or not. It's their time, effort and money. But they actually agreed with the Government that they would be doing these surveys. That's why they need a variation in the contracts. This is more like being promised a car if you pass your test by your parent, and then demanding it as soon as you get your provisional licence. 1 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted June 23, 2023 Share Posted June 23, 2023 If the really is gas there, if there really is all that money, someone else will be along shortly. It's weird that if it's true, how come no one else has come a knockin.......or a drillin? Crogga can go do one for me. 1 Quote Link to comment Share on other sites More sharing options...
The Phantom Posted June 23, 2023 Share Posted June 23, 2023 4 minutes ago, Roger Mexico said: But they actually agreed with the Government that they would be doing these surveys. That's why they need a variation in the contracts. This is more like being promised a car if you pass your test by your parent, and then demanding it as soon as you get your provisional licence. Fair analogy. But it is like you being able to take your test next week. But your parents booking a test for you next year. 1 Quote Link to comment Share on other sites More sharing options...
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