Crogga

[Andy Onchan]

56 minutes ago, Two-lane said:

https://www.crogga.im/

"Scheduled Maintenance

This site is currently offline for scheduled maintenance.
Please check back soon."

Hmmm.

It's a company set up specifically for the project. That's very common in the OAG business.

If there's nowt to report because the government who gave them a licence is at the same time preventing them from going any further then why bother having anything at all on the web?

It's the most bizarre situation the company finds itself in. It's followed the rules up to the point where it's ready to drill (3D is not necessary) but there's no legislation in place for them to continue. Utterly bizarre.

[Two-lane]

I do not understand how to follow the intricacies of company registration, coupled with the problem that people's names are not unique.

However, this appears to be part of the same organisation:

https://find-and-update.company-information.service.gov.uk/company/11613552/officers

 

Richard John HUBBARD leads to:

https://en.wikipedia.org/wiki/Statoil_corruption_case#:~:text=On June 29, 2004, Statoil was found guilty of corruption

Mark PEARCE leads to:

https://www.linkedin.com/in/mark-pearce-a569a214/?originalSubdomain=im#:~:text=Ellis Brown Architects. Aug 2014 - Present 10 years 1

This would seem to be justification for a non-amateur sleuth to follow up.

[Mann O Mann]

1 hour ago, b4mbi said:

For the millionth time, gas is already proven as being in place by previous drilling.

More survey work cannot determine whether the gas flows or not.

Only drilling will definitely confirm if the gas is under enough pressure to flow to surface.

If investors are willing to take that risk with existing data and their own money, why has anyone a problem with that? 

Nothing ventured, nothing gained.

Isle of Man, where we say you can, but you just can't.

Completely agree .

Personally I think the green demigod has got hold of the certain civil servants and ministers in the Isle of Man with the mantra “ gas is bad “ “ wind is good” .

I am for both gas and wind but the government treatment of Crogga and its local 90+ share holders is shameful while they suck up to the billion dollar Orsted.

Ironically the probability of Crogga happening  (given the linear nature of the appraisal well being a  , yes or no question - in terms of flow rate , compared to Orsted and the IOM gov lobbying the UK gov to allow contracts for difference in manx territorial waters which effectively means changing UK policy  , is far greater .

Crogga in my opinion is a 50/50 if the appraisal well goes ahead whilst Orsted is presently 20/80 against it happening .
 

If the IOM government put as much effort into supporting the Crogga start up as they do with their billion dollar buddy Orsted it just might happen.

Atleast with Crogga we have some numbers , with Orsted so far we have been told 50 local jobs and £5 million per year, this cannot be correct and hopefully  we get some clarity from their presentation at the conference tomorrow as to what the net benefit will be  , I might just pop along and report back !

 

[Happier diner]

6 minutes ago, Mann O Mann said:

Completely agree .

Personally I think the green demigod has got hold of the certain civil servants and ministers in the Isle of Man with the mantra “ gas is bad “ “ wind is good” .

I am for both gas and wind but the government treatment of Crogga and its local 90+ share holders is shameful while they suck up to the billion dollar Orsted.

Ironically the probability of Crogga happening  (given the linear nature of the appraisal well being a  , yes or no question - in terms of flow rate , compared to Orsted and the IOM gov lobbying the UK gov to allow contracts for difference in manx territorial waters which effectively means changing UK policy  , is far greater .

Crogga in my opinion is a 50/50 if the appraisal well goes ahead whilst Orsted is presently 20/80 against it happening .
 

If the IOM government put as much effort into supporting the Crogga start up as they do with their billion dollar buddy Orsted it just might happen.

Atleast with Crogga we have some numbers , with Orsted so far we have been told 50 local jobs and £5 million per year, this cannot be correct and hopefully  we get some clarity from their presentation at the conference tomorrow as to what the net benefit will be  , I might just pop along and report back !

 

What makes you think they have given Orsted anything? Arnt they a proper company who can afford their own investments? 

Crogga on the other hand!

I think you are reading it completely wrong. 

Orsted bid for the rights to the seabed and they won the tender if I remember correctly. The bis how much they will pay us, not the other way round 

Crogga on the other hand!

[Two-lane]

https://www.iomtoday.co.im/news/crogga-founder-takes-company-to-tribunal-over-pay-dispute-711606

A £5 billion gas drilling project and the best they can come up with is a couple of architects as directors.

Someone should post the John McEnroe "You can't be serious" clip.

There is about as much sense in this thread as there is in the "Guns are good for you" thread. And the gate-rustling thread.

 

[Mann O Mann]

37 minutes ago, Happier diner said:

What makes you think they have given Orsted anything? Arnt they a proper company who can afford their own investments? 

Crogga on the other hand!

I think you are reading it completely wrong. 

Orsted bid for the rights to the seabed and they won the tender if I remember correctly. The bis how much they will pay us, not the other way round 

Crogga on the other hand!

Unfortunately offshore wind farms depend on subsidy which take the form of contract for difference.

until the UK gov agree to give CDC outside of UK territorial waters it’s not going to happen .

the IOM gov have confirmed they are lobbying with Orsted to try and make this happen .

but why would the UK gov give CDC to the IOM if they are not receiving any lease money for the seabed in the IOM ( which based on the potential MW produced should be in the region of £100 million + per annum .

but wait 

maybe Orsted will pay the UK gov an equivalent seabed lease in order to get the CDC on the basis that the Isle of Man charges minimal seabed lease .

But what do we get if that the case 

£5 million with a promise to have 50 jobs on island. That is all we have confirmed todate …..

so far we do not have enough info to make an informed view .

why is that if it is such a good deal and some of the population are against ref ruining the view etc . 
 

does not make sense 

atleast the Crogga start up is giving us numbers 

 

[Happier diner]

3 minutes ago, Mann O Mann said:

Unfortunately offshore wind farms depend on subsidy which take the form of contract for difference.

until the UK gov agree to give CDC outside of UK territorial waters it’s not going to happen .

the IOM gov have confirmed they are lobbying with Orsted to try and make this happen .

but why would the UK gov give CDC to the IOM if they are not receiving any lease money for the seabed in the IOM ( which based on the potential MW produced should be in the region of £100 million + per annum .

but wait 

maybe Orsted will pay the UK gov an equivalent seabed lease in order to get the CDC on the basis that the Isle of Man charges minimal seabed lease .

But what do we get if that the case 

£5 million with a promise to have 50 jobs on island. That is all we have confirmed todate …..

so far we do not have enough info to make an informed view .

why is that if it is such a good deal and some of the population are against ref ruining the view etc . 
 

does not make sense 

atleast the Crogga start up is giving us numbers 

 

I never said it was a good deal. I only said money was going in the right direction and not the wrong direction. 

[Mann O Mann]

45 minutes ago, Two-lane said:

https://www.iomtoday.co.im/news/crogga-founder-takes-company-to-tribunal-over-pay-dispute-711606

A £5 billion gas drilling project and the best they can come up with is a couple of architects as directors.

Someone should post the John McEnroe "You can't be serious" clip.

There is about as much sense in this thread as there is in the "Guns are good for you" thread. And the gate-rustling thread.

 

Hmm

If the directors are so piss poor as you say why have 360energy agreed to contract with them .

https://three60energy.com

they are a serious outfit and run BPs global rigs and would not contract with Crogga if it did not have confidence in them or their technical advisors .

Let’s get it drilled and see whether we can save the IOM from financial ruin and remain independent as the way these clowns in IOM  gov are going it’s not looking good 

 

[Happier diner]

5 minutes ago, Mann O Mann said:

Let’s get it drilled

Hope you are going to do the investing with your own money. No way should IOMG be risking ours.

Its one of those pointless ill research posts that tries to make something that is extremely complex and risky sound simple. Let's get it drilled! FGS! 

Edited Tuesday at 06:30 PM by Happier diner

[Mann O Mann]

1 hour ago, Happier diner said:

Hope you are going to do the investing with your own money. No way should IOMG be risking ours.

Its one of those pointless ill research posts that tries to make something that is extremely complex and risky sound simple. Let's get it drilled! FGS! 

Sorry it was missing more detail.

for £2.5 billion to the Island tax system it deserves it .

 

Hey Boy… let’s get it drilled 

[Chris Robertshaw]

It is fair to say that Crogga Ltd has not been evident in the public arena for some time despite the importance of the project to the Isle of Man. This came about because the Department of Infrastructure some time ago requested of Crogga that both parties should only release information into the public arena when mutually approved. Crogga agreed to this request and fully complied with it but the Department recently unilaterally rescinded this understanding between the parties without notice when it provided a public statement relating to the latest three month extension - the details of which Crogga was not consulted on and, at least in part, considered misleading.

This leaves Crogga free to again raise its profile in public and the recent coverage through Manx Radio, The Isle of Man  Examiner and others is evidence of this.

This gives Crogga the opportunity to inform interested parties that it is supported by a wide range of external advisors and contractors. THREE60 Energy is engaged as the Well Operator and Orbis will lead Crogga's environmental Impact assessment. Both of these companies are hugely experienced in the North Sea and the East Irish Sea. OPECS is the consultancy organisation providing expertise for reservoir production technology. Fieldfisher in London have been appointed for their international energy law expertise. Respected local firms have also been appointed regarding IOM corporate law and for audit purposes.

These highly respected companies would not engage with Crogga unless Dr Richard Hubbard,  a long standing highly experienced operator in the Gas, Oil and indeed in Renewables sectors was not himself highly respected. His knowledge and understanding of the Island's Crogga Gas Field is unparalleled any where.

Meanwhile Crogga continues to encourage the Department to resolve the long outstanding matter of instigating  high quality international standard gas exploration regulations as Crogga cannot drill the appraisal well until they are in place.

                                             

 

 

[Gladys]

5 minutes ago, Chris Robertshaw said:

It is fair to say that Crogga Ltd has not been evident in the public arena for some time despite the importance of the project to the Isle of Man. This came about because the Department of Infrastructure some time ago requested of Crogga that both parties should only release information into the public arena when mutually approved. Crogga agreed to this request and fully complied with it but the Department recently unilaterally rescinded this understanding between the parties without notice when it provided a public statement relating to the latest three month extension - the details of which Crogga was not consulted on and, at least in part, considered misleading.

This leaves Crogga free to again raise its profile in public and the recent coverage through Manx Radio, The Isle of Man  Examiner and others is evidence of this.

This gives Crogga the opportunity to inform interested parties that it is supported by a wide range of external advisors and contractors. THREE60 Energy is engaged as the Well Operator and Orbis will lead Crogga's environmental Impact assessment. Both of these companies are hugely experienced in the North Sea and the East Irish Sea. OPECS is the consultancy organisation providing expertise for reservoir production technology. Fieldfisher in London have been appointed for their international energy law expertise. Respected local firms have also been appointed regarding IOM corporate law and for audit purposes.

These highly respected companies would not engage with Crogga unless Dr Richard Hubbard,  a long standing highly experienced operator in the Gas, Oil and indeed in Renewables sectors was not himself highly respected. His knowledge and understanding of the Island's Crogga Gas Field is unparalleled any where.

Meanwhile Crogga continues to encourage the Department to resolve the long outstanding matter of instigating  high quality international standard gas exploration regulations as Crogga cannot drill the appraisal well until they are in place.

                                             

 

 

Thanks Chris. 

So what is causing DOI to drag their heels?  Lack of expertise, will or gumption?  I do hope it is not green concerns, when just about everywhere is accepting the importance of transitional arrangements and waking up to the fact that no where can suddenly adopt renewables without huge social and economic impact. 

[Kopek]

If Esso, Exxon Shell or such were to back Crogga in their endeavour, WE would be much happier to back the  the project, currently it looks like a De Lorien, Airships venture????

[Mann O Mann]

5 hours ago, Kopek said:

If Esso, Exxon Shell or such were to back Crogga in their endeavour, WE would be much happier to back the  the project, currently it looks like a De Lorien, Airships venture????

The Big Boys would not be interested in a field of this size .
 

For your info they will also subcontract the drilling of the appraisal well to a company like 360energy and all operations will be governed by the NSTA in UK territorial waters.

In the Isle of Man NSTA has no jurisdiction . Crogga want the IOM gov to adopt NSTA rules and regs so the operator 360energy can drill. Without the regs no drilling will take place .

In 1996 Tynwald managed to issue  licence and adopt UK regs for Elf / Marathon to drill all  within 1 year .

From what I can see the DOI have issued A licence without any clue about the regs which is why Crogga returned the money from the local investors.

My bet is that this is causing the delay as the DOI are trying to figure this out .

 

[Gladys]

26 minutes ago, Mann O Mann said:

 

My bet is that this is causing the delay as the DOI are trying to figure this out .

 

They'll have their best brains on the job. (I'll not mention the super elite with PSV licences).