Nu-oil And Gas Share Discussion Threads

[oldsnrtom] 16/2/2019 13:53

Nuog couldnt afford the insurance for a project never mind a project of their own.

The costs in oil are huge and you are a minnow.

That is fact.

Plus you have no cash and even £25million is not even half enough.

Get real folks

Enegi oil waffle

[oldsnrtom] 16/2/2019 13:51

Revenue? They come they drill they take what they want then they forget and move to another multi billion project.

Fact

If they can shunt off their old pishy well then Nuog need lots of cash being a minnow.

And operators and staff and helicopters and contractors and multi deals and time to setup.

Yeah all happening.

Come to Aberdeen and see sense

BT

[oldsnrtom] 16/2/2019 13:49

The truth hurts!!

So decomissioning has been massively reduced.

Bye bye to Nuog 😂😂😂😂

[thecashmoney] 16/2/2019 13:48

No operator of s going to turn down revenue. DYOR

[oldsnrtom] 16/2/2019 13:48

They simply lift the platform and leave the legs and infrastructure.

This is the talk of the Oil industry so your GTW is pish.

Get a real hobby and stop listening to waffle

🤗🤗🤗🤗

[thecashmoney] 16/2/2019 13:47

Good stuff guys , BT it's lovely today give the posting a rest. I've got packing to do. Just think me and icac will be across the Atlantic. International posters on little old NUOG.🤓

[oldsnrtom] 16/2/2019 13:47

Thecashmoney history always repeats itself!!

And as for decomissioning costs working in oil industry the Government have agreed to leave legs and the most expensive structural parts to remove there in place to preserve sea creatures.

So dyor laddy

[work2rule] 16/2/2019 13:45

Once the gas reserves have dried up the platforms need not be decommissioned only their subsea element. Have a look at the possibility of offshore kite technology using the platforms in the future. Bill Gates thinks it might be good!

[icac] 16/2/2019 13:39

My boss big day today and just managed to find a few minutes catching up.
Many great post from Seadog and CM today. Very positive indeed ! 👍👍

Aiya, so many post ?? No wonder nudognilho cant score as he keep hitting it..⚽⚽😂😂8514;

Have a nice day all 👌

0.80s monday !!

[thecashmoney] 16/2/2019 13:34

Work to rule spot on , exciting times indeed

[thecashmoney] 16/2/2019 13:32

50 percent of the decommission is footed by the government. BT continue s to mis lead the board. You don't even discuss the share, you post nonsense and irrelevant past history.

[thecashmoney] 16/2/2019 13:31

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 13:25

A large percentage of decommission is provided by the government. The cost initial estimate was 20 b. These figures have been underestimated and current analysis stares 80 b could be the real figure. It will leave future generations footing the bill. The government target is to reduce costs by 35 percent. By extending the field life revenue can be generated and make the cost of decommission significantly reduced. The government need this solution as do operators and future generations , estimated at 3000 per person. CM

[work2rule] 16/2/2019 13:25

Pretty succinct and well balanced sum up by Seadog on LSE this morning. Energy security for the UK for the next twenty years. Consistent supply by using redundant gas fields to take up wind farm ullage. Government support and NUOG tax losses used. No future reliance on carbon or nuclear, I can't think of anything not to like and when the mainstream press discover this there will be a massive popular support for expansion IMO

[oldsnrtom] 16/2/2019 13:21

RE: Facts and evidence

Today 12:49

I wonder if the #rabidhamster will quote the rest of my actual post on advfn?

SEADOG cheers I have all the snippets I need saved for posting when the Issue drops!!!

You just helped me crash your own stock

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[thecashmoney] 16/2/2019 13:21

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). Get the best of The Independent With an Independent Minds subscription for just £5.99 a month Start your free trial 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.

[oldsnrtom] 16/2/2019 13:19

No deal before issue proves all the long term holders wrong.

That's the big crushing point!!!

Hope your feeling confident of a deal before issue

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[oldsnrtom] 16/2/2019 13:16

It's going to be great fun..

First we need this Issue.

So hopefully next week

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[oldsnrtom] 16/2/2019 13:15

I'm here to swamp this board when the Issue comes.

To drive fear into the sellers

Don't worry I'm keeping the share low if I wasn't here it would be over 1p now.

😎😎😎😎8526;😎ԅ26;😎😎;😎

[oldsnrtom] 16/2/2019 13:14

Decommissioning costs are all factored in when projects start mate.

And paid by clients!!!

BT

[thecashmoney] 16/2/2019 13:13

Let's look at your performance since your reincarnation. The share price has increased from .58 to .77. a 30 percent increase. Which doesn't seem to be stopping. I think next week will see this trend continue to the 90s. Alot realising the potential here. FOMO continues to propel the share price So it's not really the companies performance that is in question. I shows that not a single person is listening to you. They are listening to the research and what is to come. So please continue to post as the effect is remarkable. CM

[thecashmoney] 16/2/2019 13:08

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 12:45

Anyway I am off too Mexico and New York so I am going to be a few hourss behind for next couple of weeks. So I've got my plans with my broker and of course a news alert set 👌

[thecashmoney] 16/2/2019 12:43

I think Graham will be taking options at 3-4p myself 👌