Crogga

[Harry Lamb]

Just now, Happier diner said:

I thought it was gas.

Its a complex and dangerous activity. Just drill a test well??

Ignorance. Sorry.

Kill hundreds of people and do massive environmental damage. Break International laws. What the hell. Who would be the first to judge. The folks on here.

Well, if you're going to condemn ignorance on here the threads won't run to much.

[Happier diner]

2 hours ago, WTF said:

no wonder the rally documentation didn't get sorted in time.

Maybe crogga can't fill in application forms either. 

[Non-Believer]

57 minutes ago, Happier diner said:

Maybe crogga can't fill in application forms either. 

Or there could be a common denominator?

[b4mbi]

My understanding is Crogga asked the DoI to vary the work programme in the licence in November 2022, the variation being to permit drilling prior to 3D seismic acquisition . i.e. cut to the chase and use the only method which will prove definitively if the gas field flow rate is commercially viable.  I also understand Govt have commissioned 4 independent expert reports from gas industry specialists which all conclude the variation should be granted.

The original license was negotiated by previous management team, and new management team views differ hence the variation request.

So we are looking at DoI taking over 600 days to still not decide on the variation and we're supposed to believe the 3 month extension is to allow Crogga to submit more information? 

Of course, if the variation is granted, best practise regulations will be needed - they're not in place currently, so could this be the cause of the further delay? As has been repeatedly told to Govt, and what Govt do in a number of other different fields, is to adopt UK Regs (in this case NSTA ), and there is precedent for this from when wells were drilled in Manx waters 95/96. Seems the Tynwald of that time had much more foresight. 

Chris Thomas's dithering, delay and refusal to even meet the company on such a nationally important issue ultimately being the reason he was removed as a minister around a year ago and why he has such a bee in his bonnet about the company now.

Let them get on with it, it's the only way to find out if the taxpayer will receive a £Billion's windfall and the Island will have cheap energy and energy security for the next 20 years.

 

[The Phantom]

10 minutes ago, Non-Believer said:

Or there could be a common denominator?

Of course not.  All these people trying to do anything that requires Govt approval, all saying the same thing, are all wrong.  Just a coincidence. 

https://www.iomtoday.co.im/news/crogga-blames-inaction-on-the-dois-part-for-well-drilling-delay-709972

[english zloty]

Crogga are on the list for an employment tribunal case soon. That could be interesting 

[finlo]

23 minutes ago, b4mbi said:

My understanding is Crogga asked the DoI to vary the work programme in the licence in November 2022, the variation being to permit drilling prior to 3D seismic acquisition . i.e. cut to the chase and use the only method which will prove definitively if the gas field flow rate is commercially viable.  I also understand Govt have commissioned 4 independent expert reports from gas industry specialists which all conclude the variation should be granted.

The original license was negotiated by previous management team, and new management team views differ hence the variation request.

So we are looking at DoI taking over 600 days to still not decide on the variation and we're supposed to believe the 3 month extension is to allow Crogga to submit more information? 

Of course, if the variation is granted, best practise regulations will be needed - they're not in place currently, so could this be the cause of the further delay? As has been repeatedly told to Govt, and what Govt do in a number of other different fields, is to adopt UK Regs (in this case NSTA ), and there is precedent for this from when wells were drilled in Manx waters 95/96. Seems the Tynwald of that time had much more foresight. 

Chris Thomas's dithering, delay and refusal to even meet the company on such a nationally important issue ultimately being the reason he was removed as a minister around a year ago and why he has such a bee in his bonnet about the company now.

Let them get on with it, it's the only way to find out if the taxpayer will receive a £Billion's windfall and the Island will have cheap energy and energy security for the next 20 years.

 

I was with you until the cheap energy bit, as thats how we were sold the natural gas conversion! 

[b4mbi]

9 minutes ago, finlo said:

I was with you until the cheap energy bit, as thats how we were sold the natural gas conversion! 

Lol, stay with me! Crogga have offered to cap gas price at 80p per therm (which will be input cost to MUA - compared to over twice that in 2023), and if gas price goes below, then MUA gets the lower price. Can do that as Island demand expected to be around 5% of annual production, rest sold open market.

[Hairy Poppins]

7 minutes ago, b4mbi said:

Lol, stay with me! Crogga have offered to cap gas price at 80p per therm (which will be input cost to MUA - compared to over twice that in 2023), and if gas price goes below, then MUA gets the lower price. Can do that as Island demand expected to be around 5% of annual production, rest sold open market.

Offering to do something nice for us? 

Absolute bastards! 

 

Am I doing this right?

[finlo]

9 minutes ago, b4mbi said:

Lol, stay with me! Crogga have offered to cap gas price at 80p per therm (which will be input cost to MUA - compared to over twice that in 2023), and if gas price goes below, then MUA gets the lower price. Can do that as Island demand expected to be around 5% of annual production, rest sold open market.

No matter how cheap the MUA get it they won't be passing any savings on to the consumer same with the windy mills!

[Happier diner]

1 hour ago, Non-Believer said:

Or there could be a common denominator?

Yes. Stupidity. 

[HeliX]

54 minutes ago, b4mbi said:

Lol, stay with me! Crogga have offered to cap gas price at 80p per therm (which will be input cost to MUA - compared to over twice that in 2023), and if gas price goes below, then MUA gets the lower price. Can do that as Island demand expected to be around 5% of annual production, rest sold open market.

Over the last year the price has varied between 136p/therm and 62p/therm. So in exchange for gas that might be occasionally lower than the going rate, we give away 95% of our natural gas resources - which we can only give away once - to a private company. What an incredible deal, let's jump at it immediately. Yeah yeah bla bla tax, it's not a good deal.

And not only that, but the private company trying to get access to it isn't willing to follow the regulations and do the necessary and sensible 3D surveys.

[b4mbi]

20 minutes ago, HeliX said:

Over the last year the price has varied between 136p/therm and 62p/therm. So in exchange for gas that might be occasionally lower than the going rate, we give away 95% of our natural gas resources - which we can only give away once - to a private company. What an incredible deal, let's jump at it immediately. Yeah yeah bla bla tax, it's not a good deal.

And not only that, but the private company trying to get access to it isn't willing to follow the regulations and do the necessary and sensible 3D surveys.

What regulations?!  that's the point. DoI haven't got any sorted out, which is prime cause of the delay. 3D is not necessary to drill, they already have 2D and know where to drill.

Respectfully I disagree, this is the best deal IOMG could ever hope to wish for. Billion's of pounds additional tax revenue & cheap, secure energy providing a platform for renewable transition and for substantial increase in economic activity based on those cheaper energy prices. All for  minimal effort and risk on IOMG part,  and comparatively small outlay of adopting UK regulations. 

[HeliX]

5 minutes ago, b4mbi said:

What regulations?!  that's the point. DoI haven't got any sorted out, which is prime cause of the delay. 3D is not necessary to drill, they already have 2D and know where to drill.

Respectfully I disagree, this is the best deal IOMG could ever hope to wish for. Billion's of pounds additional tax revenue & cheap, secure energy providing a platform for renewable transition and for substantial increase in economic activity based on those cheaper energy prices. All for  minimal effort and risk on IOMG part,  and comparatively small outlay of adopting UK regulations. 

The expectation worldwide is for 3D seismic surveys to be done prior to drilling. If they don't do them, and then the drilling causes problems, how much do you think the IOM Govt (i.e. the IOM Taxpayer) will be liable for?

The 2D surveys are from decades ago, no?

[ian rush]

It’s almost like DoI are mental for wanting Crogga to adhere to industry practice and do 3D. Any other shortcutting by Government and those on here in support on this would be in melt down, but because it’s magic beans gas, all is forgotten.

Crogga havent got a pot to piss in (hence subs sought from the gullible Manx public via a 2006 co) and want to shortcut standard practice because of lack of funds.

Finally, if - and it’s a big if - they ever scrape together drill money AND there is anything there you can bet your kids it’ll be flipped and sold, rather than cheap gas for the island, assuming of course it all flies on meeting climate change obligations (now that downstream emissions from the extracted need to be reckoned in).