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Hopefully there will be competition Chesh, but that is one reason why I don't anticipate news that quickly if they are negotiating with multiple parties.
With regard to the "reimbursed costs" I would assume these will come out of the first gas sales when they happen in about 3 or 4 years time.
Most of the costs seem to be inherited from the work done by Schlumberger - this from an RNS in March, 2020
"Block XIB has a cost recovery pool of US$103 million, which has been approved by the state, plus an additional US$30 million expenditure during 2019 subject to state audit."
When is the time.
I'm looking for a bitty competition for our farmout/JV of Proj III Oldlogger1234.......! :()
and I'm also open to who we farm or JV to/with too..........! :()
All the best (that's x2 squared on mad maths........! :()
now is the time...
This is the line I liked from the rns:
"The farm-out campaign is on schedule with ongoing discussions with a range of interested parties."
Lot's of people mentioning China but I'm hedging towards a middle eastern company myself. DYOR but it's definitely exciting times ahead:)
Ermm.........!
"we're looking at £110m reimbursed costs"..........! :()
All the best (obvs.........! :)
now is the time...
Mcap is currently £11m and we're looking at £110 reimbursed costs, on Proj III farmout/JV..........! :()
minimum.........! :()
All the best (not including the other Projects and CCS........! :()
now is the time...
That 1.6 topup was mine, even i am toping up, now could be the time...
And we blue … next stop to 2 (see what I did there) lol
They'd read your earlier post and thought.......
Anyway, it's moving ( oddly).
Off out as the sun is.
Gla. Ktf.
"It's gotta be the Bid that ticks up first"...........! :()
it wasn't........! :()
All the best (it was the Ask.........! :() they've done it on purpose lol....
now is the time...
That wasn't me intention Kilgeever.........! :()
but ya welcome anyhow...........! :)
remember, 4p seems to the BE of many a historical LTH...........!
All the best (so when they BE, hold or realise that BE, it's c.x3 from here.........! :()
now is the time...
Chesh... you're getting me excited. Rare.
I'm seeing 250k share @1.59p available (with 1.50p still on the Bid) rlightor.........! :)
and then we're off to the ~2.10p line..........! :()
All the best (obvs, more to come and go beyond......! :()
now is the time...
The resistance at 1.55 is weaker than originally thought.
Bid must move very soon.
Then a bit of blue sky.
Gla
I agree with that Chesh, resistance around 1.97p, not much required to push through 1.6 p now.
Good luck to all invested..
See the Gap @2.10p above and 1.55p resistance in pictorial form............! :)
https://twitter.com/1stchesh/status/1782703733429653671
All the best (just my interpretation..........! :()
now is the time...
They will buy 1m in one hit for 1.485 , still wanting big chunks
It's gotta be the Bid that ticks up first.........! :)
for 1. the advertised spread and 2. getting quotes for 1.50p already.........! :()
All the best (that's for 100k shares on IG BTW.........! :()
now is the time...
And interesting move there......!
a ~140k share sell had moved the intra spread Bid 'n Ask up a gnats pube.........! :()
All the best (not much left on the Ask below 1.60p........! :()
now is the time...
Bid suddenly going up.
Good morning folks, a couple of points that may be of interest:
1) The Carbix website giving information on the Carbfix Injection Well in Iceland.
2) GoogleMap and GoogleEarth have been updated recently and you can now view all the Project 1 well sites including WR34 (and the Project 2 well site) and if you go into Street View you can see views of most of the sites, including BOC direction signs alongside the road!!
Have tried to locate the Chinese consortium well site without any success - does anybody know exactly where it is?
Morning Peeps........!
At the moment, we can only suggest possible scenarios for the outcome of the farmout/JV......!
hows about, £110m (rembursed costs for Proj III) and a 50% split on future revenue from gas extraction and sale, on a free carry..........! :)
I haven't forgotten CCS, that could be a x3 way CAPEX split (further down the line) between us, the farmee and the Gov......! :)
All the best (to generous.........? :()
now is the time...
Grower and Shed.... thank you.
I emailed PH team asking for more details , if I get a response , i will post it on here
Don't we need to factor in the capital expenditure to get the CCS operational? I can't find any estimates of that in the report though I am a bit uncertain as the report I'm looking at is dated Dec 23. The CCS RNS was Jan 24 is there anything more detailed out there that I'm missing? Certainly appears exciting but until we know scale of cash injection to get this going it's difficult to even guess what proportion of the project would go to a farm-in partner. On a more positive note I'd have thought it likely there would be government help if we can facilitate a net-zero industrial zone.