OTCPK:TLSMF - Post by User
Comment by
dinkdestroyeron Dec 09, 2014 7:26pm
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Post# 23212763
RE:RE:RE:Decent volumes today
RE:RE:RE:Decent volumes todayAt these prices it is highly unlikely any company will put anymore significant investment in the North Sea. It is not economic. The Majors are calling a halt to CAPEX in the North Sea and abandoning projects.
But the UK wants to change things to make it possible to continue investment. Who knows, it may make a difference to these assets marketability.
https://www.bloomberg.com/news/2014-12-09/bp-weighs-future-of-aging-norway-fields-as-oil-slump-forces-cuts.html
https://news.stv.tv/north/302231-uk-government-reveals-plan-to-reward-north-sea-oil-and-gas-investment/
https://www.bloomberg.com/news/2014-12-04/u-k-to-introduce-investment-allowance-for-north-sea-oil.html