FB, quite correct. Many years ago Tullow started paying a divi. Lo and behold Instis then arrived and the share price went higher.
On the other hand I like to think that much higher production will excite and entice new buyers provided no more problems appear. |
If they want to excite ANY retail interest they have to start paying a dividend |
2025.Just thought I would mention the obvious. That with December production at 24000 BPD then the implication is already for a 25 percent increase in average production for 2025. |
In my view acquisitions are on the JSE shelf |
I haven't read all the detail but Harbour asset sold to Enq with probably 15 months backdated EnQuest agree to acquire Harbour Energy's business in Vietnam, which includes the 53.125% equity interest in the Chim Sáo and Dua production fields. The deal is effective 1 January 2024 and is for a total consideration of US $84 million, with completion expected during Q2 2025. This is EnQuest's first move outside of Malaysia in Southeast Asia and shows a continued appetite for growth following the award of the an operated stake in the DEWA Complex cluster in Malaysia last October.As a reminder, in August 2023, Harbour Energy announced a deal to sell the same assets to Big Energy (Bitexco) for US $84 million. However, in June 2024, they terminated the sales process. |
Oil Majors Borrow Billions for Buybacks as Production Wanes - Oilprice.com today
* US oil drilling activity has dropped to near post-pandemic lows due to low oil prices and cost inflation, with the rig count falling for over two years.
* Oil companies are prioritizing shareholder returns through dividends and buybacks, even resorting to borrowing to fund them, rather than investing in new drilling.
* Structural changes in the US shale industry, including a focus on efficiency gains and consolidation, are making it difficult to rapidly increase production even with deregulation efforts. |
It's repeated that we always vote for a centre - centre/left candidate so that's what is always put forward. Unfortunately it not been tested since Thatcher. |
Societies that survive and prosper vote in leaders like Reagan, Thatcher and Trump, because they do what is necessary no matter how unpopular. If we elect leaders like Johnson, Sunak and Starmer, it’s no wonder we’re heading for Third World status. |
No way am I defending windfall taxes, just that in a referendum at the time of introduction it would have been voted for. |
At the time when energy prices were through the roof in 2022, the Govt had no choice, due to media and public pressure but to impose the tax at that time. Logic in such times is the first casualty. As the prices fell it should have fallen away but then the Miliband came along. |
I’m sure you understand this f22, but it’s worth saying anyway. Market prices are the means by which scarce resources are allocated efficiently and to maximise societal wellbeing. If North Sea oil and gas companies were doing very well due to high prices, it’s because there was an enormous shortage of production and excess demand. High prices were needed to incentivise greater investment in long-term capacity. A windfall tax was economic lunacy, consistent with the lunacy that is the climate change ideology. It has resulted in the very opposite that was needed to relieve the upward pressure on gas prices, and will kill pensioners as a result. |
The clip of Kerry Packer telling a Government committee some home truths is well worth a watch, what he says could equally apply to the UK in 2025! |
When the windfall tax was introduced it was exactly that, prices were high and the oil co's were raking it in. It's no longer a windfall tax it's a punitive tax on an industry at odds with current Government ideology. People would have voted for the former not for what is going on now. |
 TGM - if the UK electorate were told that a Windfall tax would directly lead to the highest electricity pricing in the world and the removal of the pensioner's Winter Heat Allowance, I strongly suspect their support for such a policy would have evaporated like morning mist.
Likewise, the current Government got elected on many other disingenuous 'policies' like: "vote for us and we will drop your energy bill by £300/year" - another industrial scale fraud.
AIM Company Directors are liable to prosecution under the Fraud Act 2026 for False Representations via an AIM Document to persuade the public and institutions to invest - punishable by up to 10 years’ imprisonment.
Yet a Political Party can produce a Manifesto subsequently shown to be full of False Representations and there is nothing the electorate can do about it for 5 years.
The current Government is behaving today as though they can do whatever they want and there is nothing the electorate can do about it - their attitude is that they have been elected: "so respect democracy, and get back to work and keep paying your taxes" - much like the unelected representatives of the EU treat the 500 million Europeans they have politically subjugated - who cant even kick them out after 5 years as they're appointed not elected.
Prof Matt Goodwin was not totally right when he said that around 10% of the population(illiberal left metropolitan elite) have been running the country over the last 27 years - because, many now behave as though they actually OWN it! There is only one view on everything - THIERS!
Saw what way the wind was blowing over 15 years ago, following which the overwhelming majority of my investments have been in companies with assets located well away from the UK and Europe.
And, like the late, great Aussie entrepreneur Kerry Packer, took measures within the law to minimise tax payments.
As Kerry said to an Australian Parliamentary Committee who naively asked if he was working to the limit of the law to minimise his tax: "Of course I am minimising my tax, and if anyone in this country does not minimise their tax they need their heads read, because as a Government I can tell you your not spending it that well that we should be donating extra" |
Suggest JSE investors getting upset, maybe this should be on MTB? |
spawney, on the refs, net zero - borderline, people have been brainwashed, maybe if explain the cost of lecky? Lock down and windfall tax would definitely have been voted for.
WFH is sort of lock down related, something for nothing for many on it. |
23110 absolute rubbish. We're we asked in a referendum if we wanted lockdowns, windfall tax, net zero etc? Of course not as the answer would have been a resounding no. |
The electorate are not stupid but have been taught by fawning politicians to be greedy. Who isn't in favour of being paid for not going to work, who isn't in favour of 'them' being taxed up to the hilt so we don't have to be. Who isn't in favour of dropping out of lowly jobseekers allowance on to well paid disability, who in the third world isn't making their way over to the UK to access this largess for themselves. We need a depression before we can regain a sense of reality. |
Mount T., you are pishing into the wind with this, unfortunately the British public were overwhelmingly in favour of a windfall tax on the UK oil and gas sector, therefore it is no use blaming the politicians for the problems that the windfall tax has caused.In a similar way that the public was 93% in favour of lockdowns, and are now unhappy with the inflation the resultant money printing has created.The only conclusion to draw is that the UK electorate are stupid, and therefore the only sensible thing for anyone with any money or good earning capacity to do is look to move elsewhere before our "leaders" can make anything any worse! |
Yep them and Angola seem to be by far the most progressive and forward thinking of NOCs.
Wish our government understood the energy "reality".
I'm personally embarrassed at the level of stupidity displayed. IMHO. |
Malaysia is increasingly becoming the Jewel in Jadestone's asset portfolio crown - its assets located there have very significant low cost development potential and, Petronas, the NOC company and other large international companies are continuing to collectively provide a steady stream of further high quality mid/late life assets to the market, that the Malaysian Government is incentivising prospective buyers to consider via enhanced license, fiscal and operational terms to maximise recovery of the reserves. |
I'm assuming they would still be looking to drill more at Belumut with their partner there, the cost vs return on the first round was fantastic. |
Above previously lowered guidance - I don't think JSE have ever hit their Jan/Feb target yet except with a mid year acquisition.Still - the boards intentions are clear from the last two RNS . A focus on operational excellence , maximising revenue and reducing opex. Acquisitions are on a back burner |
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