George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Low sp, spread has dropped a lot in just a couple of days, now from nothing buying in GDL. News or buys coming ? Looks like a good point to get 50% plus in quick time with results out in April too. Good entry point right now.
GZZZZZZZZ .... ;-) Surprised to see it so quiet here when the B word will soon be in effect as production ramps up.
How long would you think it takes from CNPC PETROCHINA contract to mobilise for April? Or do you think they have sent the 10 rigs down to GZZ Quizhou ? Rolling contract so those rigs would be staying down there. Matter of days / weeks to get drilling by May.
Good solid upgrade. GDL next for cash injection from here.
All smoke and mirrors. 3.30 at Ayr looks good too.
Some were buys. What about the sp last week on £200,000 buys ? .... Nada. Its just a farce and on GDL. GEL have had a 233% spread for about 6 months LOL. Seriously down when the GDL contract for a further 20 is to be released? Just hold and ignore the noise of trying to get you to sell at a loss. Its now a screaming buy .... Again.
This is such a frustrating share. All seems to be fine and then the sp drops with no obvious reason.
Looks like a cracking entry point for some !
How you doing? Looking good now. See why we had those buys last week now. Good luck mate !
Iam happy to watch and see this at £10 at the end of the year.
Don't bank on it m8 but good luck.
JH Not yet but they will.
Maybe Thermerlin unfortunately the market doesn't share your view.
Operational Highlights · H2 2014 gross production of 4.17 Bcf (H2 2013: 4.16 Bcf) · 2014 gross gas production of 8.2Bcf (2013: 8.2 Bcf) · 10 LiFaBriC wells completed in 2014 · Closer cooperation with partners CNOOC/CUCBM and CNPC/PetroChina · CNG realized gas sales price of US$18.6/mcf 2015 Operational Outlook · Gas prices stable and unaffected by oil price weakness · Year end exit production objective of 12bcf · Continued drilling of LiFaBriC wells at the commercial GSS block · Drilling of exploration wells across all 8 blocks · CNOOC/CUCBM to cooperate to build significant infrastructure within GSS Block · GSS block pipeline and gas gathering capacity to increase to 53 bcf · Coal seam 15 within GSS and GCZ to be explored Randeep S. Grewal, Chairman and Founder of Green Dragon, commented: "2014 was a milestone year for Green Dragon. Following the execution of very constructive and lucrative agreements with all our partners in the first half, the latter part of the year was productively focused on our operations. The combined management teams of Green Dragon and our partners are working closely together and sharing extensive technical information to the benefit of all parties. "The 10 LiFaBriC well drilling campaign was completed on time at GSS and is already showing positive results. This re-confirms our belief in the LiFaBriC completion method and its applicability to the Qinshui basin coal seams, and we look forward to commencing the initial phase of our busy 2015 drilling programme. "At the same time, in accordance with our agreement, CNOOC/CUCBM continues to invest in the infrastructure needed to monetise the current and expected production from the additional circa one thousand wells which will be put online in due course. "Furthermore, as expected, Chinese government policies towards gas utilization objectives and prices are unaffected by the drastic fall in crude prices. I am pleased to confirm that our realized gas prices remain stable, as forecasted, putting us in a very strong position for the year ahead. We remain confident that Green Dragon Gas will continue to deliver value to its shareholders through this turbulent global commodity price environment."
26 January 2015 GREEN DRAGON GAS LTD ("Green Dragon" or the "Company") Operations Update Green Dragon Gas Ltd. (LSE: GDG), the leading independent gas producer with operations in China is pleased to announce an operations update for the six months ending 31 December 2014. Green Dragon is implementing a programme to deliver an imminent step change in production and cash generation, maximising value from its strategic locations in China's strong growth gas market.
So what's going to happen next weekToday 11:10Green Dragon will be publishing there past 6 months numbers. More importantly they will be advising the market of there 2015 activities and future spend. ( With Greka drilling ) GDG are still owed a large amount of money from the Chinese and I mean a load some $200m that was agreed as compensation for poaching on GDG drilling blocks,this will be paid to them during 2015 and what will they do with the money ? Spend it on drilling with Greka. The clock is running for GDG as they only have some 20 years left on their licences so it imperative for them to drill as fast as possible in order to extract as much gas as possible in the given time. I would imagine its been tough to raise money in the market with the backdrop of falling oil prices even though CBM is in no way pegged to this. So it's going to be a roll out rather than one big order I would think which is a little disappointing but understandable. However a combination of Chinese cash and additional fund raising should see a very bright future for both Greka and Green Dragon Gas. It's taken a long time to unfold but this time it's not a dress rehearsal this is the real deal. In the coming months as cash starts to drop onto the bottom lines of both businesses there will be a market realisation that finally this time round it's going to be the real deal !
http://geographical.co.uk/geopolitics/geopolitics/item/381 good for us
I think we are are in for some nice juicy numbers next week and who knows even some II buying on the back of it.
For some fun on Monday people
news coming ?
Just read the last few RNS issues and it's very compelling !
Starting its way back up now as we have a market update on Monday. All parts of the jigsaw starting to fall into place this year. At last !
Nice find and spot on,bring on the 26th !