Nu-oil And Gas Share Discussion Threads

[oldsnrtom] 16/2/2019 10:27

At a starting price of £1.81 lots thought £1.50 was a good entry. Then £1 then 80p then 50p the 25 then 12p then 6p then 3p then 1.5p then 1p all were wrong.

So is 0.7p a good entry as the low was 0.08p?????? And got pumped on no news to 1.7p???

Be warned

BT

[risk1] 16/2/2019 09:20

What news?

[tuckman] 16/2/2019 09:16

Steady on tcm, we all know the potential here and it is massive but still we need the detail in that first deal.

Everything so far looks very positive but they need to secure those fields and get that income. No doubt depending on income/costs/charges/decomm/government/other parties we can then see what little ole NUOG will make.

If the formula works I would guess they will get hundreds of fields over the next 10 years as it works for everyone but patience is needed for that first deal, then party!

I hope to see something done before end of March if not sooner!!!

[thecashmoney] 16/2/2019 09:15

Other uses are being considered as well. Platforms could be turned into gas-to-wire installations for example, which would convert the last remainders of gas in the North Sea to electricity that could be brought to land using the grid connections of the wind farms. This could be done with a very low-carbon footprint according to TNO, if combined with carbon capture and storage (CCS). But even connecting those installations that are currently in operation to the grid would already attain a substantial emission reduction. An estimated 1 million tons of CO2 could be saved that way, as these installations are now dependent on inefficient gas or diesel generators for their electricity supply.

[thecashmoney] 16/2/2019 09:13

The more than 1400 oil and gas platforms currently located in the North Sea might eventually be used to fight the problem they helped to create: unsustainable energy generation. By revamping these installation, they could become part of the energy revolution as hydrogen production and storage facilities.

Multiple organization, including oil giants Shell and Total, but also Siemens and Dutch research institute TNO, are now working together on giving fossil fuel infrastructure in the North Sea a new life within a renewable grid. It is expected that deconstruction of the Dutch share of installations alone would come at a 3.6€ billion price tag, costs which the aforementioned parties hope to prevent.

[cos1959] 16/2/2019 09:04

Back into the 80s monday you see buy its not to late

[thecashmoney] 16/2/2019 08:54

With the share buy back , the company purchase shares on open market and cancel them . It's the opposite of dilution.

[66778899] 16/2/2019 08:54

Jackanory or grim tales

[thecashmoney] 16/2/2019 08:53

There are many ways that value can be passed back to share holders , dividend , share buy backs etc . This is where it's at imvho . I don't see anything around with this much potential.

[thecashmoney] 16/2/2019 08:51

According to my figures £4k invested at .76 . Reaching its target of only 10 fields , remember several are already being worked and would snowball going forward . Each £4k would net 1m . CM

[thecashmoney] 16/2/2019 08:33

The assets are there and the electricity would be the cheapest into the UK grid. As the energy is from in house source. Consistent production as is not the case with current wind farm production. Low cost of generators as opposed to wind farm tech. It's a massive opportunity for those with the insight to see that the UK government, operators and future generations of tax payers will benefit. Who would of thought NUOG could be the leader in this particular field . CM

[thecashmoney] 16/2/2019 08:27

349 fields if we only got 10 fields which is a very low estimate. The figures would read 750 m revenue. Working on a figure of 25 percent to Nuog only with a P/E ratio of 10.Woukd value the company at 1.8b with a share price of £1.87. Them figures are conservative with many more fields likely to take advantage. As you can see it is mind blowing potential. CM

[thecashmoney] 16/2/2019 08:21

Key findings of the 2017 Decommissioning Insight include the fact that, from 2017 to 2025, decommissioning is forecast to take place on 349 fields across the four regions of the North Sea, including six fields on the Danish Continental Shelf, 23 fields on the Norwegian Continental Shelf (NCS), 106 fields on the Dutch Continental Shelf and 214 fields on the UKCS

[66778899] 16/2/2019 08:19

The oil wells will still be decommissioned
I wonder what's the percentage of the figures you are stating are gas fields

[thecashmoney] 16/2/2019 08:17

We should be moving towards a greener renewable future for energy. Instead, current government policy is about subsidising the extraction of more carbon.”

In response to these claims, a spokesperson from the Department for Business, Energy and Industrial Strategy said: “The law is clear that offshore oil and gas operators are required to decommission their infrastructure once a field reaches the end of its economic life.

“This means that companies who have benefited from oil and gas production bear the cost and responsibility for decommissioning rather than the taxpayer.

“The OGA is working with industry to ensure that decommissioning costs are minimised without compromising standards, and has set a target for industry to achieve a 35 per cent cost reduction.”

[thecashmoney] 16/2/2019 08:15

As a rough rule of thumb, about half the cost of decommissioning as a burden falls upon the public purse, as opposed to the principle of the polluter paying, meaning those who have benefited in terms of the windfall profit from the industry bearing the full cost,” said Mr Simms.

As it stands, IF claims the government is letting these companies bypass the principles of the Energy Act 2004 – which states they must pay the costs of decommissioning – by offloading costs of decommissioning onto smaller contractors.

[thecashmoney] 16/2/2019 08:14

The most important bit is this read

[thecashmoney] 16/2/2019 08:13

Environment
Cost of dismantling North Sea oil and gas likely to be double government target
Exclusive: New report suggests future generations will face tax bill of £3,000 each to shut down existing fossil fuel infrastructure

Josh Gabbatiss Science Correspondent @josh_gabbatiss
Sunday 29 April 2018 00:20
28 comments

Click to follow
The Independent
Oil rigs awaiting decommissioning in the Cromarty Firth off the coast of Scotland
Oil rigs awaiting decommissioning in the Cromarty Firth off the coast of Scotland ( Getty )
Shutting down oil and gas operations in the North Sea is likely to cost double the government’s current target, leaving younger generations with a hefty tax bill.

An analysis of current government figures suggests the goal of £39bn to dismantle the region’s pipelines and wells is a significant underestimate.


Instead, a figure of over £80bn is cited as a far more realistic projection in the new report for the Intergenerational Foundation (IF).

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The higher price tag will leave each child in the UK with a bill of up to £3,000 if the government allows companies drilling in the North Sea to avoid their decommissioning obligations.


Read more

Renewable energy ‘set to be cheaper than fossil fuels by 2020’
As the UK transitions to a more sustainable economy in an effort to meet its climate targets, a transition away from fossil fuels is essential.

However, these new findings highlight the lasting cost oil and gas will have even after UK citizens are no longer receiving any benefits from them.

[thecashmoney] 16/2/2019 07:39

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM

[thecashmoney] 16/2/2019 07:39

15/2/2019
23:04 thecashmoney: Very soon this is going to be the talk of the city . North sea decommission costs in the billions. A headache for operators . However a once commercial asset , that is no longer commercial could be developed by MFDEVCO ( 50 percent owned nuog ) . De com cost of 50 m , deferred for for upfront payment and royalty in revenue. A 50 m cost can be substantially reduced it's a win win win for all. Best of all the potential for growth is unbelievable. If a field takes 3 generators at 55 MW on a ten year lease that's 75 m a year . If only half of that flows to Nuog and I'll work on only 50 percent opex capex 18 m on a forward P/E of 10 that's 180m m cap. That's a share price of 18p. That's only one deal ,How many are going to take this opportunity? DYOR CM