North Sea / Scottish vote

[verysensiblemike]

Any one else of the opinion that we may see some money flow into non North Sea assets as a result of the uncertainty surrounding the tax position ahead of the vote?

[Scotland Resources]

Yes, with Georgia, Colo and TT (cheap on shore drills compared to North Sea) we should be in a brilliant position which is what makes current situation even more frustrating.

[verysensiblemike]

Let's hope some of the money coming out of Aim NS oilers finds it's way here

[verysensiblemike]

Standard Life have now said they will relocate out of Scotland if the vote result is Yes due to the fiscal uncertainty

[Clarkosetla]

No they haven't.

[Fantasy]

http://www.bbc.co.uk/news/uk-scotland-s ... s-26364418

[Clarkosetla]

the important difference being 'may' rather than 'will'.

[verysensiblemike]

Contingency plan in place incase the vote is yes.
The important thing Cat is the uncertainty running
up to the vote. Adds risk which will lower the price!

[Nedkellylandau]

VSM
Just what risks do you associate in the North Sea if Scotland were to become independent. Do you see a Scottish North Sea as an equivalent of the Niger Delta or perhaps one of the pirate infested areas off Somalia or Indonesia to make it a place not to invest in?

[Diamond Don]

Nedkellylandau wrote:
> equivalent of the Niger Delta or perhaps one of the pirate infested areas off Somalia
>

I've already started putting together a fleet of skiffs, along with a band of scurvy swabs.

The guy down the street has started building an ark....

[Rock Klondike]

Don,

Tell him he can borrow my ark welder if he needs to?

Rock


Diamond Don wrote:
"The guy down the street has started building an ark...."

[Nedkellylandau]

DD
I understood that most Dons fans were all well on their way to being scurvey pirates!!!! :-) :-)

[Diamond Don]

Sheep don't sail well!

[verysensiblemike]

Ned
Tax regime and currency
Just two minor points really
Showing your true understanding of markets there Ned, very limited!

[verysensiblemike]

Donald
If you are in Scotland will have no domestic stock market
AIM shares will be quoted in a foreign currency with exchange
rate considerations. I had you down as having a bit more upstairs
than Ned
Quack Quack Geezer

[Nedkellylandau]

Muppet Mike(I just cannot continue with the sobriquet Very Sensible)
Your explanation of the problems with oil production in the North Sea if Scotland were ever to become independent is very enlightening. The tax situation I can grasp but the other points are a bit puzzling.
You like many people on both sides of the border are making major assumptions that don't exist
No domestic stock exchange - might be why the major oilies aren't going into Somalia.
Perhaps the easiest thing would be like any other country Scotland would revert to it's own exchange. It isn't that long ago that Glasgow had a stock exchange.
Aim shares quoted in a foreign currency - but there wouldn't be a domestic stock exchange anyway or do you anticipate Scotland having only an AIM market?! You are allowed to buy shares in other stock markets with different currencies so where is that a problem.
I have also checked the AIM listings and can't find BP, Shell or Cairn. I presume the Koreans, Chinese and Quatari companies will be registered in their home countries.
Things do look bleak for North Sea oil IF Scotland is daft enough to vote for independence

[verysensiblemike]

Ned if you read the post i was referring to scottish investors
for whom the AIM market would be quoted ia a foreign currency
Surely that cannot be too hard for you to gradp

[long123]

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