Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Welcome back Dick. Good to know you’re keeping well. Have a great Easter. Just realised it’s this Friday! Early one this year.
The first post I made was "lost" while LSE was trying to establish I wasn't a robot. Attempt 2 was removed for reasons that are unclear to me.
In a nutshell, as I am not going to go into as much explanatory detail, the situation seems to me to be as follows:
JOG had b'fwd tax losses of £62m at 31/12/22. These will have increased by the tax loss incurred in 2023. The CASH value of these losses, using a tax rate of 40%, exceeds £25m.
Within the next few months, assuming the GBA FDP gains the necessary approval (which imv is the most likely outcome) further milestone payments will be received from NEO and SQZ that will swell JOG's cash reserves to around £35m. Ongoing cash burn thereafter is forecast to be small in the period leading up to either production or company disposal (sale).
At its present SP level, JOG is valued by the market at £49m, thereby indicating that regardless of what happens in the future in regard to the GBA, JOG would be a valuable asset for any industry player to acquire. The market seems to be saying Buchan, J2 and Verbier (set to be re-categorised as P2 reserves when the FDP is approved in a few months' time - JOG's share c.20mmboe - 33°API) plus the prospective resources in Cortina, Wengen and Verbier Deep - all close to being exploration drill-ready..........are in total worth MINUS £11m.
And people are selling???
dyor
Re - DonkeyOatey - as regards Labour and things getting worse - I tend to agree with Nigel Farage when he says - ' How much worse can it get' ? '
Tories worst actions ( where to start ?) - making a Labour government certain has got to be included.
I resigned from Tory Party some months back and am not a member of any Party now
I think the Conservatives deserve permanent decimation and to be replaced by Reform as an authentic Centre-Right Party.
What utter rubbish. You think there is something virtuous about poverty in the past? Poverty is poverty, it's all relative to the times we live in. So somebody on benefits runs a car. What do you think they should get, a horse? If the Tories hadn't wiped out public transport - trains & buses - the young could get to college and afford to take lower paid jobs. If they hadn't wiped out all the industries there would be factory jobs for lower skilled people. What jobs are there for them? Overseas factories wiped them all out and AI will come after the next tier. Money spent on benefits is a fraction of what is wasted by government on useless projects - HS2, Carriers, PPE etc etc. Lets stop triple lock pensions for a start. Much easier to blame the local young thicko that "somebody knows" though. And no, i'm not a "champagne socialist" whatever the hell that is.
CHF - as a lifelong Tory, with much regret I must agree with your comment, CHF, the CINOs have indeed presided over complete destruction of the work ethic in the UK, and indeed it now pays most low end unskilled people to just bleed the welfare system white. Of course, LIEbour will be worse, it'll be just more of the same on steroids, but hopefully the electoral decimation which the Tories will undoubtedly suffer will be sufficient to bring them back to being the party of work, entrepreneurship and capitalism (sad that it has to come down to hope that the Tories will eventually remember what it means to be a Conservative, or just a conservative, either would be a vast improvement on their current champagne socialist, libdim-lite policies.)
These news good for our project?
Labour figure out that Offshore wind will be expensive and will need lots of steel which in turn will need lots of energy which means they need even more wind turbines.
https://theenergyst.com/21291-2/
'OGA plan' which has been in circulation in draft since last autumn is due any day according to
https://www.energyvoice.com/oilandgas/north-sea/550570/nsta-oga-plan-published/
Some observations from NSTA Ops Dir cited.....
"... investment in emissions reduction goes hand-in-hand with the need for new oil and gas projects."
...OEUK) has previously said 90% of operators have slashed investment due to the policy.
"......platforms originally designed for 100,000 barrels per day are now producing a tenth of that – but still with the same level of emissions." Doh!
MPO818 - " - post the election Labour will cheerfully enhance these benefits, it is in their DNA."
So would the Tories who have reigned over this state of affairs, not to mention the general disastrous state of the Country.
"I think the numbers would shock us all - You would think the "benefit office" would be able to check out some, if not all of the "living styles" you have listed above - post the election Labour will cheerfully enhance these benefits, it is in their DNA."
I think if you have ever been to Benidorm (or similar) and seen the tattoo'd low life's, lying up, drinking and smoking (or vaping) around the pool you wouldn't be even slightly surprised.
Alibro
"I would like to know how many of the people in the UK currently classed as 'in poverty' have a contract for a new mobile phone and how much they are paying. "
"And how many are paying for Amazon Prime, Netflix, Sky etc. "
"And how many go on holiday to Spain regularly"
I think the numbers would shock us all - You would think the "benefit office" would be able to check out some, if not all of the "living styles" you have listed above - post the election Labour will cheerfully enhance these benefits, it is in their DNA.
I know a girl living on benefits.
She claims she can't work due to 'mental health issues' which is complete b0ll0cks and is basically the new 'bad back' for the chronically lazy.
She deliberately (just my opinion but I'm sticking to it) got herself pregnant twice
She has a house paid for by us
She has disability allowance paid for by us
She has income for each of the children paid by us and the father
The grandmother of her children works in the Jobs and Benefits office and recently told us she has an income equivalent to earning well over £20k so with all the benefits she could never earn more by working.
She spends more money on cigarettes, Tattoos, bottox and having her nails done than many do on food.
And recently she started taking driving lessons as she plans to get a car on mobility!!!!!
I would like to know how many of the people in the UK currently classed as 'in poverty' have a contract for a new mobile phone and how much they are paying.
And how many are paying for Amazon Prime, Netflix, Sky etc.
And how many go on holiday to Spain regularly
And your point is?
There is a statistical definition of 'Poverty' used by UK government that compares a poorer group relative to the
standard of life' achieved by someone on average income.
That means that it is almost impossible to eradicate 'Poverty'.
Its a bit like saying everyone should have an income above the average.
Mick-b
3 million children in poverty the highest ever!
The ever from when last year, 1950, 1940, 1930, 1920 ?
Are you equating so called poverty today with past poverty?
3 million children from a population of 70 million for get government figures that even thy can not prove and admit it on our population, The population in the 1940s was around 45million an there was real poverty then my parents grew up in it. Children died then through the combined effects of poor diet, poor housing poor health care, do not insult my parents generation you shxt. They started work at 14 yrs of age my grand parents started work at 12 years of age, poor diets out side toilets no hot water no proper baths only a tin bath that they took turns bathing in the same water.
Most poverty to day has been imported . the rise in rickets in the Asian population the return of TB again via immigrants .
Tell me how many houses have out side toilets and no baths or no hot water today, how many starving do you see walking the streets?
My parents and others never saw meat, they lived on muck, offal -pigs trotters, cows lips and lugs, tripe .
And when they dinned on muck Labour and Tory politicians dinned on steak !
During the 1930s Bevan the so called great Welsh Labour minister dined at the Ritz Hotel.
All through rationing of WW2 the wealthy including Churchill never lost a pound in weight neither did the then Queen .
My late father said the first time he had a bed with blanket's and three meals per day was when he was conscripted in 1940.And that would have applied to others parents and grandparents of those whom contribute to this board.
Poverty today =s fast food , Iphones , lap tops and a school run, mothers to fat and lazy to cook and no fathers names on the birth certificate .
Why even Angela Rayner MP, the girl who was pregnant at 16 yrs and got a council house which she bought cheap moans about being poor! but kept her £48000 profit secret for years.
I’m not laughing .. that makes a lot of sense, Einbert! I’m still in and committed too.. Buckfastleigh it is! I accept with the overcrowding I may need to opt for a deliveroo to the car park .. But I’m nonetheless looking forward to it …
I'd be happy to sell my remain share for a fiver.
I find it very interesting what is happening with HitecVision/Neo these days; for those who haven't seen, HTV have sold their entire holding in Vår Energi for several billion nok, it would make sense that if they are also selling Neo that perhaps they might package it up together with JOG and do a two birds with one stone deal. Most likely I'm completely off base, I often am; if this continues to dip in the coming week though I think I might even buy back my share for about 25% less than I sold it for, so don't get all excited when you see a 1 share trade happen, it'll be no mm secret code!
As said 699p dinner on me. No need to hint :))))) I’ll keep my word.
‘he needs the share price high to buy his golf course etc’ well only if the company is sold. News is imminent depends on what kind of news. We know that the next one is fdp approval. But please continue to post now that dick doesn’t come on here anymore we need your wise insight. Good news soon as we all hope! Enjoy the beautiful Spring season!
Yes, I still have my 2 shares. Looking forward, as ever, to that meal in Buckfastleigh when the share price reaches the totally realistic and reasonable £7. As indicated by the brokers’ research notes. Now’s a good time to top up.
I think we have to be patient for just a little bit longer.
I sort of believe that silence from Signor Benitez is actually a good thing, ( I can almost hear you laughing, but think about it) . He doesn’t want a low share price: makes the company even more liable to a hostile takeover, and he needs the share price high to buy his golf course etc. , and make his options worth something. So, he would be out there singing the merits of JOG, if he could. My guess is therefore that very good news is imminent and he can’t say anything .
No , always like reading his posts, one of the few who talk sense and adds to the investment case
Assume you're still on the bus, Einbert?
Anyone heard anything from him?
Topped up, expecting bounce today-very oversold
Looking at the buys and volunes today something has changed. Buy trades of those sizes havent gone thru for a while (probably wishful thinking I know)
What is the next expected update? Official Government Project Approval? And if so, when is that expected roughly?