Stu Peters Posted July 20, 2022 Share Posted July 20, 2022 Exploratory drilling is the start of extraction. Once they hit gas they'll not stop sucking it out of the ground until it runs out. I'm sure you don't need to move... Quote Link to comment Share on other sites More sharing options...
Gladys Posted July 20, 2022 Share Posted July 20, 2022 3 minutes ago, Stu Peters said: Exploratory drilling is the start of extraction. Once they hit gas they'll not stop sucking it out of the ground until it runs out. I'm sure you don't need to move... So, at what point does exploratory drilling become extraction in need of the licence that has just been decided by Tynwald never to issue? What incentive is there for Crogga to continue exploration? On a basic reading, they could hit gas in Phase C and be told to cap it as extraction licences were no longer being granted by a decision of Tynwald? Quote Link to comment Share on other sites More sharing options...
forestboy Posted July 20, 2022 Share Posted July 20, 2022 52 minutes ago, 2112 said: Daffy would have us living with candles, and heating our homes with dung. Goat dung 3 Quote Link to comment Share on other sites More sharing options...
Passing Time Posted July 20, 2022 Share Posted July 20, 2022 40 minutes ago, Stu Peters said: Exploratory drilling is the start of extraction. Once they hit gas they'll not stop sucking it out of the ground until it runs out. I'm sure you don't need to move... As I mentioned a good while ago, if one of the leaders in this field run away then that may well hint that there is not the gas down there that Crogga would have you believe Quote Link to comment Share on other sites More sharing options...
Gladys Posted July 20, 2022 Share Posted July 20, 2022 2 minutes ago, Passing Time said: As I mentioned a good while ago, if one of the leaders in this field run away then that may well hint that there is not the gas down there that Crogga would have you believe Who cares as long as public money doesn't go into it? 1 Quote Link to comment Share on other sites More sharing options...
Stu Peters Posted July 20, 2022 Share Posted July 20, 2022 48 minutes ago, Gladys said: So, at what point does exploratory drilling become extraction in need of the licence that has just been decided by Tynwald never to issue? What incentive is there for Crogga to continue exploration? On a basic reading, they could hit gas in Phase C and be told to cap it as extraction licences were no longer being granted by a decision of Tynwald? The motion today was that no 'further' licences be issued. I think Crogga's includes extraction (I haven't seen it) if the test drilling is positive. Quote Link to comment Share on other sites More sharing options...
Gladys Posted July 20, 2022 Share Posted July 20, 2022 11 minutes ago, Stu Peters said: The motion today was that no 'further' licences be issued. I think Crogga's includes extraction (I haven't seen it) if the test drilling is positive. I do hope so, but surely this should have been clear when voting? I think it was Juan Watterson who wanted to be sure that any decision would not open IOMG up to a legal challenge from Crogga by reneging on their current licence. Hopefully, this is because extraction is covered under the current licence and so would not be a 'further' licence, but it may be that the terms of the licence relating to extraction are not clear. Quote Link to comment Share on other sites More sharing options...
Gladys Posted July 20, 2022 Share Posted July 20, 2022 Just looked at the Order Paper, no reports or discussion papers were laid to allow an informed debate? Quote Link to comment Share on other sites More sharing options...
Stu Peters Posted July 20, 2022 Share Posted July 20, 2022 35 minutes ago, Gladys said: Just looked at the Order Paper, no reports or discussion papers were laid to allow an informed debate? It was a backbencher motion from Joney Faragher, not CoMin, so was mostly impassioned rhetoric about a decision already (properly) taken. I think the CoMin amendment from the CM was an attempt to defuse tensions, prevent a disastrous breach of contract and throw a scrap to my colleagues on the other side of the debate. 5 Quote Link to comment Share on other sites More sharing options...
b4mbi Posted July 20, 2022 Share Posted July 20, 2022 The license includes extraction provided conditions along the way are met. It is not the end of the story.... 2 Quote Link to comment Share on other sites More sharing options...
manxman1980 Posted July 21, 2022 Share Posted July 21, 2022 7 hours ago, Stu Peters said: The motion today was that no 'further' licences be issued. I think Crogga's includes extraction (I haven't seen it) if the test drilling is positive. You "think" it includes extraction? As an elected representative and a supporter of this scheme shouldn't you know exactly what the licence includes and allows? 3 Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 21, 2022 Share Posted July 21, 2022 10 hours ago, 0bserver said: ~15 years of commercially exploitable gas based on the 1980's surveys I was thinking more about the rate rather than the time period. They are linked of course. I don't think our production rate will have Putin worried. Quote Link to comment Share on other sites More sharing options...
Happier diner Posted July 21, 2022 Share Posted July 21, 2022 8 hours ago, Gladys said: Who cares as long as public money doesn't go into it? I wish I felt confident that that will be the case. 1 Quote Link to comment Share on other sites More sharing options...
Gladys Posted July 21, 2022 Share Posted July 21, 2022 9 minutes ago, Happier diner said: I wish I felt confident that that will be the case. Agreed. 1 Quote Link to comment Share on other sites More sharing options...
0bserver Posted July 21, 2022 Share Posted July 21, 2022 10 hours ago, Passing Time said: As I mentioned a good while ago, if one of the leaders in this field run away then that may well hint that there is not the gas down there that Crogga would have you believe Prices have changed just a bit since the 1980's when they 'ran away' - therefore the economic case of drilling has changed as well. 2 Quote Link to comment Share on other sites More sharing options...
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