Non-Believer Posted June 3, 2023 Share Posted June 3, 2023 4 hours ago, Happier diner said: Would you expect the DOI to have a clue about drilling for gas? So why should they have oversight for such a venture? And indeed any consequences that might arise? The DOI can't manage stuff that they supposedly have experience in (Promenade highway construction perhaps). The record with Liverpool Terminal is still on-going but we can already see the direction. Trams too? Now we expect them to oversee gas-drilling applications? Holy Fuck. The financial consequences are unthinkable. They should stick to potholes. That includes the passing of shovels by the political component. 3 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted June 4, 2023 Share Posted June 4, 2023 8 hours ago, Non-Believer said: So why should they have oversight for such a venture? And indeed any consequences that might arise? The DOI can't manage stuff that they supposedly have experience in (Promenade highway construction perhaps). The record with Liverpool Terminal is still on-going but we can already see the direction. Trams too? Now we expect them to oversee gas-drilling applications? Holy Fuck. The financial consequences are unthinkable. They should stick to potholes. That includes the passing of shovels by the political component. I am sure they are taking specialist advice. Both technical and contractual. Maybe @Stu Petersor @Chris Thomas can confirm this for us. One thing is for sure, you dont just jump into bed with some prospector that come along. Same for crogga, they will need to protect the investment they are putting in. They will have terms that give them some right or value to what they find, if they find anything with potential. Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted June 4, 2023 Share Posted June 4, 2023 10 minutes ago, Happier diner said: I am sure they are taking specialist advice. Both technical and contractual. Maybe @Stu Petersor @Chris Thomas can confirm this for us. One thing is for sure, you dont just jump into bed with some prospector that come along. Same for crogga, they will need to protect the investment they are putting in. They will have terms that give them some right or value to what they find, if they find anything with potential. Like they did on the Prom, Liverpool Terminal, Iris.... 1 Quote Link to comment Share on other sites More sharing options...
CallMeCurious Posted June 4, 2023 Share Posted June 4, 2023 9 hours ago, ian rush said: Do they know what they’re signing up for? Stupid does as stupid told. Big magic gas beans.. As opposed to magic windymills and sunnyplates? With gas you drill, you test and if it isn't viable you quit. With wind and solar you build it all, find out it isn't viable and have to keep running it anyway. Pretty sure one reason MUA were hiking prices was to make payback on windy shiney stuff look better on paper when they could point at historically high gas prices and say "See how much cheaper this is compared with gas". The irony is the longer we wait the less likely gas will get investment as the green hammer is used to wreck it so when we realise that we still need gas to power through a winter cold snap (like the beeast from the east) it just won't be there. Condidering how long it has taken the MUA/DOI to sort out pumping shit for a village and a town, when can we expect the magic windmills and sunny farms to actually go online? FFS at least get some interconnector capacity done now so we don't end up with 15,000 leaving as they can't run a business. It only takes a few hours of downtime for supermarkets & shops to have to dump chilled and frozen foods as not fit for consumption. 3 Quote Link to comment Share on other sites More sharing options...
Gladys Posted June 4, 2023 Share Posted June 4, 2023 15 minutes ago, Happier diner said: I am sure they are taking specialist advice. Both technical and contractual. Maybe @Stu Petersor @Chris Thomas can confirm this for us. One thing is for sure, you dont just jump into bed with some prospector that come along. Same for crogga, they will need to protect the investment they are putting in. They will have terms that give them some right or value to what they find, if they find anything with potential. But they aren't 'getting into bed' with anyone. They are considering whether to issue a licence to someone. A licence is just a permission, nothing more. Yes, they should be taking specialist advice to identify the factors they should take into account, and to assess these factors, in order to make the decision to grant the licence. But that is it. They may put conditions on the licence, such as bonds for clear up, environmental issues and so on. They do not have to assess the commercial viability. The fear is that there may be a temptation to stray beyond what is needed just to consider issuing the necessary licence and put the kibosh on the whole thing because they are out of their depth 3 1 Quote Link to comment Share on other sites More sharing options...
WTF Posted June 4, 2023 Share Posted June 4, 2023 20 minutes ago, CallMeCurious said: With gas you drill, you test and if it isn't viable you quit. this is the bit that stands out for me , if a proper energy company drilled and said no in the same area why do crogga think it's viable ? Quote Link to comment Share on other sites More sharing options...
Happier diner Posted June 4, 2023 Share Posted June 4, 2023 26 minutes ago, Gladys said: But they aren't 'getting into bed' with anyone. They are considering whether to issue a licence to someone. A licence is just a permission, nothing more. Yes, they should be taking specialist advice to identify the factors they should take into account, and to assess these factors, in order to make the decision to grant the licence. But that is it. They may put conditions on the licence, such as bonds for clear up, environmental issues and so on. They do not have to assess the commercial viability. The fear is that there may be a temptation to stray beyond what is needed just to consider issuing the necessary licence and put the kibosh on the whole thing because they are out of their depth But surely no one is going to spend millions exploring and drilling, then finding, to be told thanks for the information bye bye Quote Link to comment Share on other sites More sharing options...
Gladys Posted June 4, 2023 Share Posted June 4, 2023 1 minute ago, Happier diner said: But surely no one is going to spend millions exploring and drilling, then finding, to be told thanks for the information bye bye That is not what I am saying, but it is for Crogga to get the licence it needs to undertake whatever is necessary to meet the opportunity identified to investors and on which investors have pledged the money, before spending the money invested. It is for the government to consider a licence against the (statutory) criteria and nothing more. The position of government as licensor and the position of investors as venturers should not be conflated. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted June 4, 2023 Share Posted June 4, 2023 2 hours ago, Gladys said: That is not what I am saying, but it is for Crogga to get the licence it needs to undertake whatever is necessary to meet the opportunity identified to investors and on which investors have pledged the money, before spending the money invested. It is for the government to consider a licence against the (statutory) criteria and nothing more. The position of government as licensor and the position of investors as venturers should not be conflated. Sorry. I don't agree whatsoever. It's a complex process and could effect the economics of the whole operation for years to come. Yes it is for Crogga to get the licence, but on terms that suit not just Crogga, but also the isle of man. 2 Quote Link to comment Share on other sites More sharing options...
WTF Posted June 4, 2023 Share Posted June 4, 2023 18 minutes ago, Happier diner said: Yes it is for Crogga to get the licence, but on terms that suit not just Crogga, but also the isle of man. it doesn't matter if it suits the isle of man as long as it doesn't not suit the isle of man. Quote Link to comment Share on other sites More sharing options...
b4mbi Posted June 4, 2023 Share Posted June 4, 2023 12 hours ago, ian rush said: Do they know what they’re signing up for? Stupid does as stupid told. Big magic gas beans.. Don't understand at all your negativity. If drilling permit is granted, the two scenarios are Drill, gas flows, govt gets a free windfall, investors get significant return from their risked capital. Drill, gas doesn't flow, well plugged, investors lose their risked capital. Govt still in same position as now. Where is the downside to drilling to establish some facts? You seem to think there is no gas there, even though it has been proven to be present from previous drilling. IOMG have confirmed the same. Or is it one great hoax? 2 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted June 4, 2023 Share Posted June 4, 2023 7 minutes ago, WTF said: it doesn't matter if it suits the isle of man as long as it doesn't not suit the isle of man. Doesn't make sense. Quote Link to comment Share on other sites More sharing options...
WTF Posted June 4, 2023 Share Posted June 4, 2023 58 minutes ago, Happier diner said: Doesn't make sense. read it again , but it could be clearer. 😁 Quote Link to comment Share on other sites More sharing options...
Thomas Dalby Posted June 4, 2023 Share Posted June 4, 2023 19 hours ago, Blade Runner said: That Chris Robertshaw? The ex MHK who is always on IOM TV is a known shareholder would explain a lot of a delay. Cant be having anyone local making any money, Crabs and all.............. I am sure that with Chris Robertshaw’s concerns about corruption in government he would not want to see the government hand out a drilling licence to an outfit whose CEO has been fined under the Norwegian criminal code 1 Quote Link to comment Share on other sites More sharing options...
Mann O Mann Posted June 4, 2023 Share Posted June 4, 2023 7 hours ago, Thomas Dalby said: I am sure that with Chris Robertshaw’s concerns about corruption in government he would not want to see the government hand out a drilling licence to an outfit whose CEO has been fined under the Norwegian criminal code I am no expert on the inns and outs of doing business with Middle Eastern Governments some 20 + years ago that you have raised to try and discredit the Crogga CEO. Looking at his bio he has worked at board level for other international oil and gas companies since , some listed in London and the USA who partner with the likes of Shell and Exxon. Who like Crogga I am sure did their due diligence. Listening to him on IOMTV he has really impressed me and from what I have read he is an internationally recognised expert in his field with connections to the Isle Of Man. Why are you really against the Isle of Man developing its gas field ? 1 1 Quote Link to comment Share on other sites More sharing options...
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