Southmead
30 May 2018
BKR The longer that this uncertainty goes on over the Rhum field, the more doubt it creates over whether the BKR deal will go through. Iran's situation is becoming worse with Russia criticism of Iranian activities in Syria and Israel ramping up its campaign against Iran's assets in Lebanon.[link] seems determined to press ahead with sanctions and is not prepared to make exceptions for European companies caught up in the flak. Total Oil being a case in point, having built a massive investment interest in Iran in recent times, the Company has been warned that it will contravene US sanctions by continuing operations. No compromise.The BKR deal is miniscule in scale against BP's business interests in the USA. They will not risk upsetting the USA by pushing ahead with BKR despite sanctions or looking for a license for an exception to be made. All in my humble opinion of course. DYOR.
Misty Creamybib
24 May 2018
Re: Confidence Perhaps you should also see the light on your keyboard showing CAPSLOCK is on.
up protherics
24 May 2018
Re: Confidence APOLOGIES..JUST SEEN THE RNS. BLUMMING INTERNET CONNECTION
up protherics
24 May 2018
Confidence WHY NO RNS RE LICENCESDOES THIS ENSPIRE CONFIDENCE FOR THE FUTURE IF THEY CANNOT GET THEIR ACT TOGETHER ON A SIMPLE RNS.I APPOLOGISE IF I HAVE MISSED SOMETHING<BUT IF THEY ARE INVOLVED WITH SECURING PART LICENSES SURELY THE GENERAL MARKET SHOULD KNOW ABOUT IT.THESE ARE THE PEOPLE THAT ARE GOING TO TRY AND JUSTIFY HOLDING A OIL LICENSE FOR A UK COMPANY ON UK TERROTREY TO THE AMERICANS.LOOKS LIKE B.P WILL BE EITHER HANDING OVER ANOVER 100 BILLION OR MOST OF THE NORTH SEA SOONDYOR ONLY MHO
Franconia
24 May 2018
Re: 30th Licencing Round RNS Offshore licence awards in UK 30th Round London, 24 May 2018 - Serica Energy plc (AIM: SQZ) is pleased to announce that the Company has provisionally been awarded three new exploration licence areas on the UK Continental Shelf in the UK's 30th Offshore Licensing Round.Rowallan South - Blocks 22/24f (split) and 22/25c (split), Serica Energy (UK) Limited: 20% working interest, operator ENI UK. These blocks lie directly to the south of the Rowallan Prospect, in which Serica holds a 15% interest and which is due to be drilled later this year. The blocks are offered on condition of making a 'drill or drop' decision to enter the next phase.Columbus West - Block 23/21b, Serica Energy (UK) Limited: 50% working interest, operator Summit Exploration and Production. The block lies immediately to the west of Serica's Columbus Field, which is in the advanced stages of development planning. The proposed work programme contains further seismic reprocessing and a 'drill or drop' decision to enter the next phase.Skerryvore - Blocks 30/12c (part), 30/13c (split), 30/17h, 30/18c and 30/19c (part), Serica Energy (UK) Limited: 20% working interest, operator Parkmead. The Skerryvore prospect lies in the Central North Sea, 60km south of Serica's Erskine field. The proposed work programme includes shooting new 3D seismic data and a contingent well decision.
up protherics
23 May 2018
good old uk looks like are spineless wonders of government have decided to back someone else in producing gas for the u.k. other than serica. no wonder there has been no rns re the license awards of today.what a joketime to become a labourite I think.
up protherics
23 May 2018
Re: 30th Licencing Round That sounds like good news to me, but why no RNS
Franconia
23 May 2018
Re: 30th Licencing Round 22/24f (Split) & 22/25c (Split) ENI UK Mitsui E & P, Serica Energy23/21b Summit Exploration and Production, Serica Energy30/12c (Part), 30/13c (Split), 30/17h & 30/18c Parkmead, Serica Energy, Zennor NorthSea, Calenergy30/19c (Part) Parkmead, Serica Energy, Zennor North Sea, Calenergy Seems that the awards are shared amongst a number of partners....
up protherics
23 May 2018
Re: 30th Licencing Round It looks like Serica has been awarded some licenses after reading posters on other bulletin boards.As usual they are incompetent at releasing any RNS which could be misconscrude as positive ??????????????????//
Franconia
23 May 2018
30th Licencing Round I am trying to make head or tail of this, posted on advfn.....[link]
changeling
22 May 2018
Re: Update on BKR I think they had to suspend/delay Rhum. To have entered into discussions with the US whilst carrying out work that looks like preparation for future contravention of the sanctions would be unwise and almost guaranteed to ruffle feathers.As to the eventual outcome of those meetings - who knowsAt least this time they have provided more detail - to me it reads slightly more positively but I could be reading into it the outcome I prefer for the company
forwardloop
22 May 2018
Re: Update on BKR BBCR4 Reported at 8:20 that the BP work had been suspended and that the Rhum deal was OFF. That is not the case - yet anyway.
Southmead
22 May 2018
Update on BKR Taken together with yesterdays news on US sanctions on Iran, I would say that this statement doesn't really add much to what we already know. US sanctions are coming, they will affect the BKR deal and BP will not attempt get around US sanctions for the good of their very substantial US business interests.Yesterdays statement on US sanctions does really confirm that there is no immediate likelihood of a climb down by Iran and a new agreement being reached. So if the current state of affairs stays in place, the US sanctions will be imposed. The re-completion of the Rhum R3 well is the first casualty of the sanctions. It is pretty salutary to note that US involvement in the safety and environmental requirements of the re completion of R3 cannot be replaced by other operators not affected by the sanctions!.What I hoped for in today's announcement from Serica was some indication as to how the BKR deal could progress with sanctions.Could the deal be restructured or changed? Could Rhum be excluded for the time being? But there is no guidance on any of this, I guess because the answer would be no. IMO BP need to transfer all the 180 or so staff who look after the 3 fields. If they retain Rhum they will need staff to operate it, and that is the problem.So we are back to hoping that the US change their minds and come to a new agreement with Iran. Otherwise I think that the BKR deal is dead or postponed.
up protherics
17 May 2018
brexit Two years ago we voted on Brexit. Personally at that time I voted to leave the e/u.What has transpired recently with the U.S has totally changed my mind. Who would have thought our so called allie would be run like a Natzi state hidden behind so called democrocecy . Beggars beliefThe Eu came up TRUMPS today INMHO.. Sorry for the PunWhatever we all think about politicians they are certaintly earning their money now.Thats ours and the EU . Not the u.S
up protherics
16 May 2018
Re: BKR Deal Thanks for the post eagle.. You are right of course. Just maybe this is now a chance for true democratic countries to make a stand to upheld democratic values.
