It only goes up to 28.8 m scufs. As far as I know Macq shows the Logbaba cake ( misleadingly) all at top price for thermal sales.not how its cut up....but does usefuly seem to include Royalties , Fixed costs, and ( U than have to adjust down for- 40% to JG after a couple of years.. aand .Foxes' Dilution ... aaaaand lower net prices after genset hire for gas to genset use......aaaaaaaaand much lower expected price for gas to power station and substation.
Nevertheless evenafter 1 yr with 1.5 m scuf advance......and voglike danglement of 100mmscufs .....it is still possible to believe a lot more gas may be sold in future.
I am still trying to work out if Condensed gas is the next huge smokescreen or not......but if they can only move forward at 1.5 m scofs pa ...think of the number of gas bottles....tankered cng trips u need to get volume. The business case isnt yet disproven One large cable from Kribi power station ( with its own gas) might get reliable grid supply to Douala. However it is difficult to believe Actis money is going to fix the grid quickly. Gas at 25% of GdeC thermal price in Nigeria is a sobering thought.
That said 100 m scufs leaked....or was that leached, into our foodchain will keep our interest for a bit.
jim...I agree ref Lloyds its my biggest holding also should start smoking fairly soon... watch for nuclear activity,,,the seatbelt light is flashing some of the bashed banks are were the big money is in the next few years as the economy picks up bnc a super div payer...a mother of a share imho im surprised voger has not filled his boots tbh
jim the thing with those prices 2-3p. well look at the scuff forecast at the time. over time those targets have been missed by a country mile. bit like doing a drill and saying they will hit x amount of oil a day, and find they are getting nowhere near that. result drop in value of company. if you dont hit your targets this is what happens,
as for being cash positive after the processing plant is bought. has it come to relying on cost cutting to scrap too overall cash positive,? any way, dont think the cost saving will get them to overall profit.
Thank you for the correction. In my defense it was very late and I assumed as both liquids and gas were displayed in the chart that it was referring to mmscfs/d. 2 years behind schedule sounds about right. For reference, and to easy my mind about my current position, do you still have a link to the larger Macquarie forecasting report getting VOG up to the holy grail of 100 scuffs as adjusting that would be easier for me than these reports. Regards newgame
Having said that, eventually Nigeria will rue the day it failed to come up with early coherent plans fro gas use , flares most of it and underprices what is used. Cameroon on the other hand is sensibly trying to ensure gas is used for the development of country .
I dont bet on horses ,lol. but I bet lloyds will be £3.00 in 2016 , that is why I have my biggest pot in it by far , many reasons why , as for VOG being a tip , well at the current SP it is a very strong buy , , i have come to the conculsion that the earlier targets wont get meet though the SP was 2 - 3p then when those targets were out , get the scuffs up now the SP will rise , i believe once the processing plant is bought the current 3.2 scuffs will make VOG cash positive not just GDC.
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.