Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Hopefully smaller producer exemption comes in, which answers the question!
So reading the summary of potential changes to Windfall tax, am I correct in understanding that potentially decomissioning is allowed as expense to offset? Does anyone more experienced, knowledgeable know if HUR's other capital losses as opposed to trading losses are included in this potential offset.?
brent july 1st 4 days was $112 ish, day 5 $100 is, so with luck average 1st five days was $110ish
I am bullish on HUR as you know. but we have to be mindful of mixing up $ and £. It is anticipated that HUR will have circa $80-$90m at the end of July , once bonds have been paid off. A remarkable achievement. This will equate to around £70m. The strength of the $ is certainly helping the conversion to £, although it is a headwind for oil prices so a mixed bag. Kooba, whom I follow on the other board has a projection of circa 0.6p per month revenue accrual assuming WFT doesn,t improve. I hope thats ok to point out.
fang2 It makes sense that we would go back attempt to secure changes when there is a new CoE at the helm. If the industry didn't I would have been more surprised.
if approved then HUR will only benefit!
https://uk.investing.com/news/commodities-news/uk-oil-sector-secures-changes-to-windfall-tax-seeks-more-amid-govt-chaos-2682512
ROTFLMAO you could'nt make it up.
Why is there a picture of a Norwegian Platform in the Norwegian sector of the North Sea heading up this article?
Up 11% now
Relentless buying?? Haha. Turnover 6m; next to nothing!
Relentless buying now
EPL latest news
https://uk.investing.com/news/commodities-news/uk-oil-sector-secures-changes-to-windfall-tax-seeks-more-amid-govt-chaos-2682512
Here we go, 9p on the way short order
Tiger, CA hold at 6.7p at current price they are now at a loss is someone trying to force them to sell?
Or…. Will they buy more ?
^ end of july. if market is sane that should see share price tick up ?
Anyone know the date the bonds will be paid off
Looking short term, there is a massive seller who has completely moved the price down, small fish are getting stopped out of each position they hold causing the price to fall even further whilst the big seller ( market maker) will probably be developing a long position through the difference in spread - This pattern started to appear yesterday.
agree, at $90 oil and 9000 bopd for next 15 months, is approx $355 mill fee cash flow will be $200 mill of £190 mill plus around £90 mill.. a cash pile of nearly £300mill market cap £127 mill...
do the math
Haggis plus the value of the tax credits.
Its not often I do spreadbets, but I'm very tempted if the price goes any lower as it becomes a very attractive option to maximize profits.
Currently a 15k bet would make a profit of around 40k when the SP hits 11.5p
Todays market cap = £125 million.
Likely cash in bank (after bonds repaid) = £ 90 million.
Company is generating £20 million / month profit....
Despite problems with Lancaster it is forecast to produce for another 16 months.
Do the maths and hold strong, Something doesnt add up.