George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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They are delaying the reporting of my buy for rather a long time! I didn't think 200,000 would be delayed at all, it's only £5,580 worth. Not to worry, I'll report it myself!
Deal Date: 19 December 2022
Deal Time: 08:54
Quantity: 200000
Price: 0.0279 GBP
Consideration: 5580 GBP
Brokerage Charges
Commission: 5.00 GBP
Total Charges: 5.00 GBP
Net Total Due: 5,585.00 GBP
I just bought 200,000 shares. Having followed the company for a few months, the MCap looks way too low to me, so I'm in.
Just for your interest, electricity baseload wholesale price for tomorrow (Monday) is £674 per mwh and between 6& 7pm it’s been auctioned at £2500 per mwh. Four main reasons, it’s a bit parky, wind is asthmatic, sun is feeble, and imported gas to power stations is pricy. It’s winter, hooda fort it!
movement
This is just the IG interview folks.
Assumptions tend to make an ass of' u ' and me.
UK gas industry looks more like big hot air balloon without any gas inside of it.
Not yet please, I want a top up at 2.6p
as confirmed by drillordrop yesterday, Wressle has entered the onshore oil Top 20 at no. 2, yet not a tweet, website update or RNS from Egdon - this is an awesome achievement which the company should shout from the rooftops...come of Mark, how about some PR?
The 5 or 6 days from Wednesday onwards marks a test of U.K. policy. High demand period usually but also added very cold weather, low wind speeds and competition from France for interconnector flow. No word from the Grid or the government. My guess they will ask industry to cut demand to shelter domestic users.
"I'd like to see movement on Resolution and Endeavour gas discoveries."
they have to complete a 3D seismic survey by April 23 to keep those licences - that's a big ask as they haven't announced they have a crew on hire
sorry - issue withe convertions in my spreadsheet
2825 tonnes of oil = 680 bopd down from 2909 in August
299.45 tonnes gas down from 309 tonnes
"Dead share. As other gas UK shares. What a shame ..."
What you mean is the management don't pursue news flow at any cost and there are no pump and dump operations to help day traders and insiders
IMHO the activities around small oiler shares has done a lot of damage to the sad reputation on AIM as a place to invest
Dead share? Well its not a dead business. Egdon will still be coining it in at current prices, although their exposure to gas is less than I would like. I am happy holding a chunk of these, knowing that at some point the next step will be announced, whether that is the gas turbine at Wressel, or some movement on one of the other licenses (with more gas exposure). We also have the - could go either way - event of Biscathorpe, which Mark said in the interview, should be this year. If planning is refused, there are other projects they can pursue, Id like to see movement on Resolution and Endeavour gas discoveries. That could take us to the next level if we can get a partner. Until then, it is an investment that is earning currently 0.5p share, which at 3p is a PE of 6. That is ok, but yes dull to watch on a daily basis.
Dead share. As other gas UK shares. What a shame ...
You have the data corresponding to September available in the NSTA portal. Wressle keeps to produce above 700boed.
The Grid only issued another Capacity Margin Notice this morning. That’s two in the last fortnight and it isn’t even winter. In the whole of last winter we only had two in total. The middle of December and the middle of January are peak demand times so it will be interesting to see how they cope. This morning they were buying coal generated electricity which is usually a sign of stress in the system.
Roll on with more pollution ,i particularly prefer the acid rain and smog, hope you don't live next to a coal fired power station.
".The UK is paying a high price literally as well as metaphorically for a few potential micro earthquakes"
I'm sure if it affected your house price you wouldn't be quite so sanguine
The idiocy continues, we are now importing twice as much coal; circa 560,000 tonnes came into British ports last month compared to circa 292,000 in October 2021 - because of rising cost of gas. ''The increasing use of coal generated poweer in the UK comes after years of shifting to cleaner electricity from gas firedpower plants and renewables, but is deemed vital as Putin crimps gas supplies to Europe.The UK is paying a high price literally as well as metaphorically for a few potential micro earthquakes. Come on Rishi give your head a shake!
The moratorium on fracking is a political decision, not a logical or practical decision.Don't worry if you are making a choice whether to heat or eat hunt can still afford to waste a three figure sum on a hair cutand richi has private health care.
The. Telegraph reports that “Britain must cut energy usage by 15pc to defeat Vladimir Putin, Jeremy Hunt has said as the country scrambles to head off potential disruption this winter.”. So now the Energy Crisis arrives front and centre, and we still leave millions of cubic metres of gas under the ground. I said on a another forum that the moratorium on fracking won’t be lifted until the Energy Crisis cuts through to the public as much as the Climate. It’s just about to.
Maybe tangential to EDR but relevant to energy policy generally. I read on Drill or Drop that the Grid accepted electricity from Ratcliffe 3 (coal) at £1494/ MWh (13:30:00 PM) yesterday The grid also issued a shortage warning, a Capacity Margin Notice, that is triggered automatically four hours ahead of real-time based on specific industry data about the system’s safety margin. The notice was quickly cancelled by the Grid but an illustration provided by the Grid suggests that one automatic criteria may be that there will be less than 500 megawatts of buffer capacity. If that is the case and the temperature hasn’t got to freezing yet we are in for a grim winter.