This paragraph taken from the earlier link is worth reading but I thought there were more than two main principal shareholders alas I invest in around ten companies at any one time hence it says two so two it must be. Ooops ..... three with XTR ..... :-)
Global Oil Shale Group Limited was established in 2011 by its principal shareholders Baker Steel Capital Managers and ECAP Investments, both resources focused investment management companies with approximately US$ 1.5 billion in combined funds under management and headquartered in London
No worries mate . This link to Global Oil Shale ( GOS ) might help you with your research into oil shale production . I need not add we own 9.1% of GOS but during past research I found there were only half a dozen share holders of the whole company . Alas it's in the interest of these larger share holders that GOS , iPO's on a stock market since I read a while back they were eager to get their original money out . I've not kept any of the information with regards to the Australian governments go ahead for oil shale production but I'm sure a Google scan will answer many of your questions . Here's the link ...... : http://globaloilshale.com/
I hope your bunny ears weren't twitching to much as I quoted your excellent research notes from around the 19th March ..... lol ........ no on a serious note GOS is the reason why I originally bought into XTR around the 0.11p mark after a tip off by Arsenal221 on another board . Since Jan Nelsons arrival most people tend to forget what an ace card we hold but then we got more than one ace card now ..... hey ..... :-)
Please post your research notes in the company GOS that gives you the opinion mining for shale oil is uneconomic . Then email Jan Nelson and ask him why he accepted payment for our 1% smelter Royalty in shares in said company rather than cash .
P.S. ........ Fracking for oil is expensive , has steep decline in production after the first month and generally speaking high risk . Just have a look at Range Resources , NTOG .... etc ..... to see what I mean . At least XTR with our GOS holding have a commodity backed by the Australian government for development don't have these declines to worry about .
Im sure a few will not agree with you on here, there is some degree of optimisum for GOS and potential from Julia Creek. Im not really a GOS believer ATM but if we get a GOS IPO and XTR gets 9%+ of the action and share price then im fine with that! I also like opinions that are different but we have to be able to fight our corners aswell! For now im very pleased with the progress on Chepica and if it continues and dept is held at 300$k and profits are in line with forecasts around this BB then a penny will come next year or soon after. Thats exciting. Action on a JV phosphate, thats really exciting too!
I'd like opinions really - I have an expectation that absolutely nothing will come of 'mining' Oil shale - I just cannot see it being economic when frakking etc etc can retrieve oil by pump.
Any thoughts on this? Genuinely interested. I've dismissed the GOS holding in my mind, but is there a case for actually digging, crushing, treating etc to get oil out? Any examples of where this is happening already? An obvious parallel is Albertan Oil Sands but not familiar with mining Oil Shale.
I wrote my earlier post off cuff and stated XTR has a revised 8.25% holding in the company GOS . Now I've a bit more time I've checked back to verify this statement only to find a post on the 19th March by " Riffgo " highlighted we actually own 9.1% of the company GOS . The GOS smelter Royalty making up the extra 1.6% in the company after it's forced purchase from us by GOS . At the time I was disappointed we lost the smelter Royalty but good old / young ? " Riffgo " made it clear it was a good move for XTR .
Have a good Easter too mate , I second your prediction for the rest of the year ..... :-)
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.