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[mlf51] 06/12/2024 13:40

If you watch the new podcast on flights server there is an interview with senator Dan Sullivan who says BLACKROCK are showing interest in the pipeline, they don't come any bigger.

[helpfull] 06/12/2024 12:29

Cor blimey, guv!

Listen to Larry:

"Larry Persily, an oil and gas analyst and former Alaska deputy commissioner of revenue, said the same problems that have previously stopped Alaska gas line projects will halt this one.

Its natural gas would be too expensive when there are cheaper projects elsewhere in the world, among other issues, he said.

“The only thing we’re closer to is wasting more state money on a dream,” he said in an interview Thursday"



"
Great Bear Pantheon, however, currently does not produce oil or gas. There’s no guarantee it will produce gas in Alaska.

Also, Richards said, the pipeline company that wants to work on the project is seeking relatively modest rates of return, compared to large oil companies that were previously invested in the project.

Major Alaska oil producers including ExxonMobil and ConocoPhillips backed out of the Alaska LNG project in 2016, leaving the state as the sole owner"

Be careful.

[helpfull] 06/12/2024 12:17

Cor blimey, guv!



"Saddler said the state doesn’t have the nearly $11 billion needed to build the project. And it doesn’t know where that money would come from"

"Skeptics doubt there’s really foreign demand for Alaska gas and question the practicality of the project’s scope and timeline"

"Rep. Donna Mears, D-Anchorage, said she’s worried about putting the pipeline’s financial burden on Alaskans.

“My big concern here is that if all this risk of this cost is put on Alaskans, if we are not getting to the LNG part, we are locked into this capital project and these costs … and the only thing that relieves us is getting imports,” she said"

Be careful.

[michaelsadvfn] 06/12/2024 10:58

DH has said we can expect an update on Megrez-1 'before the end of the first half of December'.

That's by next week Friday and probably why the troll next door has gone into overdrive with his negative posting. As he keeps repeating....'there is great risk here'.

I do wonder about his motives for all that....

[mlf51] 06/12/2024 10:58

I was thinking more of DH comment about news by middle of month

[monet] 06/12/2024 10:24

PROPOSED OPERATIONS
The Plan describes the proposed operations in full detail. Set forth below is a summary of the key
details.
A. Sequence and Schedule of Events

Project
Milestone # Project Milestone Proposed Start
Date
Proposed End
Date
1 Begin gravel mining and conditioning 9/1/2024 9/15/2024
2 Construct Megrez gravel driveway and pad 9/1/2024 9/30/2024
3 Move Rig to Megrez-1, Rig Up and Spud 11/1/2024 11/30/2024
4 Megrez-1 drilled 11/15/2024 12/31/2024
5 Megrez-1 completed 1/1/2025 1/31/2025
6 Megrez-1 flow tested 2/1/2025 4/30/2025
7 Megrez-1 additional well testing 5/1/2025 7/31/2025

[mlf51] 06/12/2024 09:23

So should we be expecting Megrez news next week