Barryroe Offshore Energy Share Discussion Threads

[roadster750] 01/12/2023 09:38

Irelands Actual System Generation on the brink at the moment,
LATEST SYSTEM
GENERATION
5,667 MW

THERMAL GENERATION
(COAL, GAS, OTHER)
85.93 %

RENEWABLE
GENERATION
5.82 %

NET
IMPORT
8.25 %

At the same moment the traitor ryan is in sunny Dubai, having flown business class so he could arrive fresh and ready to pledge his allegiance to his WEF masters.

DECEMBER 1, 2023 | DONAL HORGAN | COMMENT IRELAND
THE GREEN CONTRADICTION
There is something unsettling about Green Party leader Eamon Ryan’s pen picture of himself as the genial man on the bike exhorting everyone in Ireland to grow more lettuce in window boxes.

This is particularly so when you consider that Ryan may well have a carbon footprint way in excess of the average Irish person.

A cursory examination of Eamon Ryan’s own work schedule in recent months shows him to be an inveterate flyer and carbon emitter. In March of this year, he flew to Singapore, Hong Kong, Beijing and Shanghai to mark St. Patrick Day. The journey there and back is estimated to have accounted for the emission of 4.52 metric tonnes of carbon. In September, he flew to New York to address the U.N. on climate issues – that accounted for an additional 1.80 tonnes.

By the way, the average Irish person emits about 12.8 tonnes of carbon in an entire year but these two trips alone amounted to about 6.32 tonnes of carbon. These figures do not include travel to the COP28 conference in Dubai, the rest of his work schedule or indeed carbon emissions from his own private life. The inconvenient Green truth is that Eamon Ryan is probably a member of Ireland’s exclusive super carbon emitter club.

Yet, contradictions seem to be at the heart of what it means to be a Green Party supporter in Ireland these days. Reducing usage of fossil fuels makes a lot of sense from an environmental and economic point of view but surely any transition to other sources of energy must be managed and it is the Greens themselves who appear to be most opposed to any such managed transition.

There is widespread acceptance of the fact that wind, as a variable power source, needs a back-up power generation system. At present, this relies on fossil fuels such as gas although given the opposition by the Green Party to the proposed LNG facility in North Kerry, it is the Greens who are doing most to frustrate the development of that same backup.

It’s much the same with the development of the Barryroe oil field off the coast of Cork. The simple reality is that it is unlikely that there will be any feasible alternative to fossil fuels before 2050 so moral grandstanding gestures like bans on oil exploration or blocking the development of proven reserves at Barryroe only show how opposed to a sustainable and managed transition many of these people are.

We’ve been here before – a ban on Irish peat extraction might win brownie points for some but that means that the peat is now simply imported with additional carbon miles. Not developing the Barryroe oil reserves simply means paying Arabs and others for something we could supply ourselves.

It’s worth remembering that, with the outbreak of war in Ukraine, Germany – home of the European Green movement – had no problem with restarting many of its coal-powered electricity generating plants. There is a sense that Ireland’s Greens would sooner let Irish people freeze rather than re-start its peat power plants. Not only that, they would in all probability be flying around the globe to climate conferences boasting about it too.

Ireland has committed to a 51% reduction in greenhouse gases by 2030. Yet, this is at a time when the number of people – the carbon end users – is actually increasing. The Irish population increased from about 3.9 million in 2002 to 5 million in 2022 making this emission reduction target more difficult if not impossible.

Yet, the Green Party continues to actively promote the most destructive form of population increase of all in the form of economic migrants and refugees most of whom are entirely dependent on the State for all services. Meanwhile, the same Greens complain that Ireland is not doing enough and demand even more cuts to carbon emissions.

That most people applying for political asylum in Ireland now are not fleeing war is widely accepted. Nevertheless, Green Party Roderic O Gorman’s department continues relentlessly in its mission to place these same illegal migrants in towns and villages throughout the length and breadth of Ireland.

Equally, what started out as a humanitarian project aimed at assisting Ukrainians in the war-afflicted eastern part of that country has quickly evolved into what now looks like a massive tourism welfare scam for Ukrainians from safe parts of that vast country as well as those in other European countries.

O Gorman’s ‘ally’ in all of this is not the local philanthropist but rather the local gombeen man who, seeing a state-backed cash cow, has worked tirelessly to close the local hotel and repurpose it as an asylum or refugee centre. Indeed, there is something ironic in the fact that many of these asylum contractors’ ultimate dream of a top of the range gas-guzzling SUV is being enabled by none other than Green ideologue Roderic O Gorman.

Needless to say, O Gorman’s closure of much of the country’s tourist accommodation stock has had a devastating impact on local economies affecting downstream employers such as restaurants, pubs and visitor attractions.

Another effect was evident this summer when, with the removal of the budget accommodation sector in many areas, holidaying in Ireland became unaffordable not just for visitors from overseas but Irish people as well. Those Irish people taking to the planes for a holiday also included the same Greens whose policies were instrumental in forcing people to holiday overseas in the first place.

In the best Green tradition, there were the usual delusional offsets such as promising yourself to use paper straws while on holiday or having a Refugees Welcome banner in your social media bio. No one, it seems, quite does useless gestures like Ireland’s Greens.

The COP28 climate conference in Dubai provides Ireland’s long haul Greens with yet another opportunity to wear their concerned faces and once again remind the Irish people that they have to do better.

But surely, even they must now realise that the greatest impediment to the sensible Green aim of reducing carbon emissions now comes from …. other contradictory Green policies. Perhaps, after all, it’s Ireland’s Green Party which needs to do better.

[cephalosaurus] 29/11/2023 23:09

:-) Every office should have those

[steelwatch] 29/11/2023 21:03

Haha. Just for you Ceph:

[cephalosaurus] 29/11/2023 11:54

The world is being hijacked by the woke dictator mob, bent on destroying freedom of speech. It's new 'religion' until the rest of the population wake up and end the madness

[peaeff] 29/11/2023 11:26

I read an article recently which stated brits are 'WARNED' not to eat tomato's during the coming winter months.

The reason?, not that there is anything wrong with them they are perfectly safe to eat BUT they have to be flown in by very large planes which are polluting our air and damaging the ozone layer.

HAS THE WORLD GONE COMPLETELY MAD. ENJOY YOUR SALADS BOYS.

[hermana3] 28/11/2023 21:37

Excerpt from today's Landsdowne's Chairman's statement "The Company will also track developments at Barryroe Offshore Energy, where an Examiner has been appointed. It has been reported that Barryroe Offshore Energy is considering a number of paths forward, including a potential Judicial Review in the Irish Courts, that might also lead to the Lease Undertaking being granted and the development of the Barryroe field to proceed"

[hermana3] 28/11/2023 19:28

Steel,The final detail in this sad debacle. That unctuous swine was lecturing the nation in The Dail today...

[steelwatch] 28/11/2023 13:31

Per Scheme of Arrangement:

"The documentation giving effect the Proposal will be prepared and distributed to Other Shareholders within 30 working days of the Effective Date".

The Effective Date was, per RNS 3/11/23:

"The Proposals have today been approved by the High Court which has set 8 November 2023 as the Effective Date for their implementation".

30 working days should be up 15 December.

[curly17] 14/11/2023 16:58

Well said. I just wish 1,000 of the 10,000 shareholders would put 100euros each into a fund and legally take on the government

[peaeff] 14/11/2023 14:24

Herm

It's been a sharp learning curve over the past 15years it's just a pity that it's taken so long to sink in and we old folk have swallowed all the false hopes and promises offered to us during that time. That's now all history but I am inclined to agree with PS and JO in respect of Larry Goodman he has seen a cash and grab and has taken it with no thought for others, who invested their hard earned in good faith only to be let down by a series of BOD's and poor management.

It's difficult to understand your Irish political situation, particularly in the environmental section, and what effect that is having on the pocket of the average man in the street, but those GRREN policies seem totally excessive.

It's been an absolute pleasure interacting with you over the years and I hope your losses are not to serious. Total losses to shareholders over the years don't make good reading do they. So good luck to all for the future and farewell to Barryroe.

regards

[hermana3] 13/11/2023 18:45

Jo, No point fighting him!

[jotoha2] 13/11/2023 12:34

The Beefman stole your company and you say good luck to him , he is no better than the BOD who orchestrated this situation to happen , greedy little fuuuckers .

[hermana3] 13/11/2023 08:00

Larry is only doing what he does best! Good luck to him I say....

[paulsavannah] 11/11/2023 15:33

I've wrote it off and moved on. If I get any of the 5 percent in the years ahead it will be a bonus. I feel sorry for people like LG in that no amount of money they have will ever be enough nor can he take it with him when his final day comes. He obviously needs it more than we all do so let him have it...no luck ever comes from greed.

[g1lo] 11/11/2023 14:15

Thank you Paul, much appreciated. We ll wait and see but seems a bit farfetched and irrealistic to believe LG will want to share the hypothetical 5% profit. I do not think for one second that he cares about the current shareholders in any way and why should he. It was the only way that the few creditors would be paid, to giveaway the company for nothing but that is how it works, shareholders are always at the back of the queue it s part of the risk. LG can find a way to make/declare "no profit" if he has to. Went 50/50 between BEY and LOGP , hope they win their legal claim and claw back some lost money here.

[paulsavannah] 11/11/2023 10:04

I asked the same a while back and according to the scheme of arrangement they will write to us with further info once it all comes into effect in December I think...but not sure to be honest.

[g1lo] 11/11/2023 09:24

Anyone knows how will we ever be contacted if we ever get a share of the 5% profit promised to "current" shareholders now all shares are cancelled and so our records with BEY?

[hermana3] 08/11/2023 20:38

Moneybags told us to buy some. Guess what I did???

[ianio5691] 08/11/2023 16:24

lot of activity on LOGP today...????

[hermana3] 07/11/2023 18:32

Carey said a few weeks ago the Beefman would fail to get an Examinership of Barryroe. At least we agree with him that ryan is a darn fool....