Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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FD is this on top of their £40k bonuses each?
This can’t be right 40k bonus for what exactly?
Fair enough if Shell had decided to drill and struck commercial gas that could be sold and Shareholders had seen their share value increase
But the complete polar opposite is true here the company is worthless and the only thing currently giving it any value is the cash in the bank but that is now dwindling away at an alarming rate on bonuses of more than I earn in a year
As far as I understand it Shell are not committed to drill Selene but they are Pensacola is that right?
No wonder they hid it on a Friday and bought a few shares the other day not 20k worth though was it?
Absolutely disgusted I haven’t read the report yet but I will over the weekend
It is all wrong I am having serious doubts about everything to do with this company
Where is the drill decision is it coming and if so when it is nearly May!!
I said before sell the licenses to Shell for a pound and split the cash between the shareholders before this company wastes anymore of it
I am absolutely furious about these bonuses they have achieved absolutely sweet FA and they cream off more than some other people earn in a year
Mike it is quite incredible how the Remunerations Committee have made these awards. It could almost be a Gentlemans Club.
The remunerations Chairman is quite satisfied how awards are made.
For a Company to reward success ( profit, enhanced Shareholder value) is fine, but the reverse seems to happen here.
How these guys can sleep is beyond me.
What is this award for?
abysmal share price decimation ?
This is exactly where it all goes wrong you award for success I am not being unkind but there hasn’t been any success
None!!
Shares have over halved in a little over a year so forgive me for no longer getting excited at this shambles
Mr Swindells and Mr Nunn received a remuneration award amounting just over 10% or circa £20,000 each.
Mike they oil hedged at $50 a barrel 40% for the next year and 35 the year after
They were, still are but sold off assets, sorry can’t see too well in garden on hammock
I thought tullow was debt ridden scooby?
Early bird I bought Tullow @17.7p still holding someone paid over the odds after close on 1 million shares !
It’s way under valued it’s ridiculous
Don’t forget shale production halting will push Gas price up as US will stop producing All that extra Gas !
Shell have stated Capital expenditure, short term, is being scaled back. They have stated infrastructure serving Mid NS fields will be delayed, but so far as can be seen Southern NS projects (Selene location) is not mentioned. Obviously the lack of announcement before end Q1 regarding work plans is a concern and although GS statement indicates work plans continue as planned, questions remain unanswered.
The situation is fuzzy and needs a more specific statement from Shell.
Shell's Giant gas field, Gronnigan, off Holland, is being closed down earlier than planned due to Environmental issues being regulated by Dutch Authorities. This early closure will make other Gas supplies highly important. The question is when?
Industrial demand has virtually collapsed, domestic demand remains fairly static considering we are moving into warmer months. If the lockdown continues in some form or other, for many months, and a cold autumn and winter occurs, domestic demand will soar as it did 2 years ago with the "Beast from the East" when gas supplies were almost rationed.
Gas is a cleaner form of energy compared to Oil, which will face particularly difficult challenges. The Global Warming Brigade, having been silent for a few weeks are beginning to get active using the results of Population movement to some advantage.
AIMO
EB I am implying nothing but didn’t I read that Shell are about to pull the plug/delay a number of investments on the UKCS?
Which suggests to me they are extremely worried?
Majors in strong positions aren't afraid by the current OP dip! You have been implying for quite some time no one will get involved in assets when OP is low...
Im not actually sure why you still hold this? You seem to just ***** constantly... surely sell and move on?
EB what has TLW got to do with Cluff
Cluff are a gas exploration company with no direct exposure to oil apart from their partner Shell UK
You really couldn’t make it up!!
As I was saying the other day, look at Tullows news today...
Mike lol you do make me laugh, I know how you feel pal!
Nothing will convince us except share price movement in the correct direction, everything is rising except this share! Crazy !
Was tempted to buy a million shares more ! But how long will this fiasco go on for ?
Mike at this price its a no brainer
EB The longer you are here the more you will understand
"theres a sell so someone doesn't agree" Do you understand what a market is? LOL
Director buys landed yesterday.
Given the director buys today and the language used in the previous RNS updates id say its looking very encouraging.
This oil price dip isn't going to last a long time, the lower the price goes and the longer it stays there then the bigger the rise as US shale goes bust and demand resumes as lockdowns end
Don’t think the seller agrees EB!!
RDSB is a supermajor that has a huge warchest, they've never slashed a dividend since world war 2 even in the last oil price crash. Supermajors plan their moves on analysts predicting forward price forecasts. They need to expand their UK *gas* portfolio and CLNR gives them one such pathway.
Same as in any secor many acqusitions happen at price lows...
All sounds very encouraging
Better watch out massive seller about!!
No way on earth will Shell commit to drill ATM. Brent heading down like US oil. They need the cash.