To be fair to Uneasy Shorter, Cng has been talk about a lot, for years, however still no action. The problem with his post, is he thinks this has anything to do with the current rise Nobody, I feel, is believing Cng is going to happen soon The rise, which has caugh Uneasy out, is to do with expected 10 new thermal connections & the drilling campaign which ''should'' be fantastic !!!
Morning EB - Before you get a good tongue lashing this morning for your post, I assume you are going to get one, I have a question for you. If this does go to £1 or £1.50 and the shareholders do meet up for a 'Sigh of Relief' party, will you be there? I ask only as I would like to know and have no hidden agenda to my question.
When reading in VOG last investor presentation from the Proactive Investor event, one gets the feeling that the CNG development is just around the corner. When reading about CNG in VOG last 3 annual reports, you get the feeling that the CNG development has been just around the corner for years. Two years ago the company wrote "GDC is in discussion with a preferred supplier for the provision of a CNG solution, whereby the supplier will finance and install all gas compression and logistical operations", so they were in discussion with prefered supplier but this never materialized. In the Proactive investor presentation the company wrote "Discussion with several groups for provision of “virtual pipeline” solution for CNG" sounds very familiar, I wonder if these discussions are going to go on for another 2 years.
VOG strong sell - lots of talking
Annual Report to 31 Dec 2015 Page 8 “Objective: Progress the potential introduction of CNG as a sales product. Performance: Building CNG into our business model continues to be assessed as we develop our understanding of the technology involved. The drilling programme results for 2016 directly impact the investment decision on this project and as such will be deferred until early 2017.”
Annual Report to May 2015 Page 4 “Compressed Natural Gas (“CNG”) GDC is in discussion with a preferred supplier for the provision of a CNG solution, whereby the supplier will finance and install all gas compression and logistical operations.” Page 12 “With significant gas supply expansions having occurred during the financial year, GDC is now progressing its CNG strategy.”
Annual Report to May 2014 Page 1 – “CNG identified as next markets to expand into” Page 13 “In terms of entering the CNG market, GDC has undertaken a number of market studies, following consultation with containment and transportation providers and believes a 200km radius exists from the existing Logbaba plant for the economic distribution of such a product.”
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