More trouble ahead? (Oil and gas in the Med)

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
18/05/2011 11:45

Full story here:

http://news.tradingcharts.com/futures/1/5/158754751.html

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 12:03

Yawn..



It's Cyprus' oil / gas and it can do WHAT it likes.... Contracts have been signed and deals done..

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 12:05

...anyway. this is 'old' news



http://www.cyprus44.com/forums/63525.asp

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
18/05/2011 12:09

http://www.cyprus44.com/forums/63423.asp



It certainly is,



Paul.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 12:49

OUCH .. ;)

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
18/05/2011 13:07

Mark

Double yawn.



'It's Cyprus' oil / gas and it can do WHAT it likes.... Contracts have been signed and deals done..'



Maybe you can enlighten us all as to which contracts have been signed and what deals have been done.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
18/05/2011 13:10

Apologies Paul

Obviously your thread slipped down the page before I had chance to see it.

Take care

AJ

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
18/05/2011 13:12

No probs AJ,



Paul.

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
18/05/2011 13:26

"Can I see your contract, please? Oops! Sorry. Dropped it in the sea."

http://en.wikipedia.org/wiki/File:F-511_TCG_Heybeliada_MILGEM_class_corvette.jpg

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 14:52

re msg 6 AJ



>>Maybe you can enlighten us all as to which contracts have been signed and what deals have been done.<<



How's this.. ?



http://www.bloomberg.com/news/2011-01-10/cyprus-to-announce-second-oil-and-gas-rights-round-by-end-2011.html





I thought you were an expert in things like this ?

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 14:58

( cont)



Evidence of contracts already signed.. from the first round..





http://www.bloomberg.com/news/2011-01-10/cyprus-to-announce-second-oil-and-gas-rights-round-by-end-2011.html





>>Noble Energy received an exploratory license for Block 12 in October 2008, which is located in Cyprus`s exclusive economic zone. The block borders Leviathan, in Israel`s exclusive economic zone, and may be part of the same geologic structure in the Levant Basin.<<

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 15:09

Ironically, *I* see a big find as something that could produce a negotiated settlement



It is Cypriot Oil / Gas and ALL Cypriots should share it...

TRNCVaughan


Joined: 27/04/2008
Posts: 4578

Message Posted:
18/05/2011 15:31

"It is Cypriot Oil / Gas and ALL Cypriots should share it..." Like all Cypriots should get rent from the SBAs.

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
18/05/2011 16:11

Mark

All that is 'old hat' and if you read some of my previous postings then you will know that i have presented the information with regards to Noble Energy. And you will be aware that they were 'given' a license for exploratory drilling because no one else was interested in paying for one. Noble are well known as 'wild cat' chancer's. So who else has a license for exploratory drilling?

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 20:21

Dear AJ re msg 14



You asked: >>Maybe you can enlighten us all as to which contracts have been signed and what deals have been done.<<



I produced an example.. now we get the 'excuses' ....



re Noble: "If Turkey tries to interfere with Noble's legal drilling in Cyprus waters, "I doubt that that would be welcome news in Washington," said Gary Lakes, the east Mediterranean editor of the Middle East Economic Survey. "Cyprus has every legal right to explore for oil and gas in its internationally recognized exclusive economic zone," he said. "



cont ..

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 20:23

re Israel / Cyprus and their Oil/ Gas delineations ( and why companies / countries have 'held back'



"Turkey's relations with Israel soured further when Ankara angrily declared as "null and void" an agreement Israel signed last month with Cyprus to delineate their underwater boundaries. Such agreements provide exploration companies with the legal protection they need to conduct expensive research and drilling.



In a terse response, Israel's foreign ministry spokesman, Yigal Palmor, swatted swatted aside Turkey's objections. "We do not see how a third country would have anything to say about it," he said.



In contrast, Israel's relations with Cyprus are growing stronger, in part due to the prospects of future energy co-operation.



The Greek Cypriots, who have strong relations with the Arab world, signed similar maritime boundary agreements with Egypt in 2003 and Lebanon in 2007, although the latter deal has yet to be ratified by the Lebanese parliament.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
18/05/2011 20:26

IF it turns out that the Leviathan zone ( between CY and Israel ) is rich in oil / gas reserves this will focus minds... TR may 'sabre rattle' but she knows the lines on the map are drawn, already ...