CLNRCertified Like-New Replacement (Verizon)
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Xodus Group Limited were commissioned to review potential development scenarios and economic viability of two of the six identified prospects on CLNR licence P2248 in the Southern North Sea sas basin, based on well analosues.
All three licences are operated by The Parkmead Group (AIM: PMG) and, based on significant subsurface work completed to date, the operator's preliminary estimate for the licences is approximately 400m barrels of potentially recoverable oil in aggregate (or approximately 100mmboe net to CLNR post exercise of the options)
Dr Liz Sidebotham, of the Northern Powergrid and communications manager for CLNR project, has doubts, at this stage, whether the Powerwall is the missing piece in the jigsaw, due to its costs and the intermittency of renewable energy.
77) Huu-Ay-Aht First Nation v British Columbia (Minister of Forests), 2005 BCSC 697, [2005] 3 CLNR 74 [Huu-Ay-Aht].
Commenting CLNRs Chairman and Chief Executive Algy Cluff said: We are delighted to be able to confirm this very significant increase in the Companys prospective resource base following a thorough independent review.
The CLNR trials have shown that smart meters are a powerful energy efficient measure and combined with other initiatives will go some way towards reducing consumption.
The knowledge and tools generated by the CLNR project will be shared with all UK DNOs to help ensure customers continue to receive a safe, secure and affordable supply of security now, and in the low carbon future.
This has been uniquely developed for the CLNR (Customer-Led Network Revolution) project and will allow us to see in real time when and where we need to release more energy as well as giving us autonomous control of all other on-going CLNR trials.
CLNR will also buy 25% interest in licence P2082 (Blocks 30/12c, 13c, 17e & 18c) in the Central North Sea during the similar time.
Such areas of joint collaboration will include the acceleration of the development of knowledge and capabilities of CLNR in the development of its UCG and Southern North Sea gas assets, technical consultation and the provision of technical and consultancy services and projects by Halliburton.
Northern Powergrid is leading the CLNR project, working collaboratively with British Gas, EA Technology, Durham University and Newcastle University.
Customers involved in the CLNR trials are using smart meters which allow them to monitor usage and have been offered time-of-use tariffs which have changed the way they use electrical equipment.