Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I hope so cos could do with a change and some funds back in my pocket!
Interim results tomorrow. Don’t imagine they will look to good. But the future is starting to look better
AGM and intrim dates is on the greka’s web site immy, under IRcontact
Where did you get all this info frim if you dont mind me asking cos we havent seen anything to do with an AGM this year which is usually held in July.
Greka Drilling is preparing to mobilise to BK-CBM-2001/1 at Bokaro in Jharkhand to begin its 73-well CBM drilling contract for ONGC. "Next month (October) the rig should reach," reports a source. "ONGC gave Greka 120 days in the LoA, one or two weeks either way makes no difference." Still unclear is which rig Greka will mobilise: GD75-16, GD75-18 or GD75-20 sitting in a SEZ near Kolkata port? Or one of two rigs (GD75-17, GD75-19) at Durgapur on standby for possible re-deployment by Essar? "All five are identical (Drillmec-made CBM-only) rigs," we hear. "Makes little difference which one is used." At Bokaro, Greka is preparing to sign a lease for a project office housing up to 60 staff, including rig crew. "This is essential for day-to-day coordination with ONGC," we hear. When drilling Greka believes it can easily complete a minimum two wells a month, each to between 500 and 1500 metres. "If drilled to 500 metres it should take two-three days or if drilled to 1500 metres around six-nine days," adds our source. "Each of the Essar wells was drilled to between 1000-1500 metres and took around eight-nine days." After weeks of suspense, ONGC issued a LoA to Greka on June 14 and two days later London-listed Greka confirmed the estimated $15m award, "subject to contract and the issue of a performance bond
Interims are on the 27 of September and AGM on the 26th of October.
mmm... Cash in the bank? Kicking off the ODP...? Wonder where that cash will be heading soon?...
Excited times
GDG are really getting them self together, another RNS today
Even if not, anyone who does a little digging here can easily see that this has the potential to multiply very quickly when the MOB orders come through... Personally think it will be next year that the big contracts will come in, final results for 2018 will see some fireworks... Still a long wait but at 2p worth the risk and the wait...
purchases this morning....lets hope they know something we don't!
And this bit... Furthermore, on 31 July 2017, the Company announced that NDRC has approved a Project Code for the Overall Development Plan (ODP) on the Greka Shizhuang South Zaoyuan portion of the Main Block (GSS), concluding that the ODP does not require an approval process and only needs to be registered. This results in the drilling of an additional 42 vertical wells and 47 LiFaBriC wells by 2020.
as soon as GDG sort out funding, it will start to look better here to automatically. LIfab is where the money is for us. essar india renewal contract gone very quiet....
like these bits As of date, 114 wells have been drilled on the acreage. The development plan is now being implemented by the joint management committee and includes the drilling of an additional 147 production wells to be drilled by year end 2018. These wells will be targeting both coal seam #3 & coal seam #15 - Gross production capacity is estimated to be 6.36 Bcf per year - The development cost for GCZ will be c.US$53.80 million over 2017 and 2018. CNPC will invest US$28.51 million according to its 53% participating interest and the Company US$25.28 million based on its 47% participating interest in the Block
Nice RNS GDG have released today looks like they are getting themself together for some drilling
The drop has already come for SXX imo, I bought between 17-20p rode out the high and happy to sit, topping up at current levels. 25p will be the bottom and that wont be for long. New TorPs and then St 2 financing will see it hold above 50p, downhill to production then...
Well explained Roobans. That is exactly how I see it and this company could turn on a dime. I have seen it before on here. My very first purchase of stock was at 8p then 14p and I sold at 29p then day traded it on the swings for a few weeks. The best week I ever had trading was here. Every morning it was down 10% and every afternoon up 10% and I sold. Same pattern everyday for 5 days straight. I count my blessings though as like I said a major buy didn't go through and I thought it had. For 18 months I thought I had made a big sentimental mistake. But as soon as it dipped I bought back in as I have every faith in this one. So I know have a vast amount more shares than I thought I did. I have a very small amount of SXX and will be buying when the drop comes, and it will. Nothing wrong with the share but as long time investors knows there will be ups and downs.
The black and white of it is the Mcap of the company is currently sitting at roughly 25% of the Net asset value... So, hugely discounted simply on poor sentiment for anything to do with China/Oil & Gas... Hence the move into India, so far only small contract wins there due to the O&G slump but that will cover operating costs and leave a little cash left over, nothing to write home about. But, they are looking to increase CBM production significantly so a foot in the door could be very lucrative in the coming years... RG does not dilute so we are safe there, and there is enough small contract cash coming in to keep us going for the next few years. China is slowly warming up and there is a huge need to switch away from coal burning. GDL is set up nicely to reap the eventual rewards when the Chinese start investing again. O&G will start to rebound from 2018-2020 due to the huge cuts in exploration and new projects, peak oil demand forecast for 2030-2035. Once the rebound starts, big campaigns from GDG and the SOE's will again see income here in the tens of £millions, when this is about to happen the rerate will be very quick, nobody knows when - I predict 2019. However, one big contract with Mobilisation and this will fly, once the results show the $m's, sentiment will return and underpin the rise in the 15-20p area... Could be months, could be years... If you never sold then no point now - I sold after RH left fortunately but have been building at sub 3p, lowest buy 1.8 so far... Up to 1m shares and happy to lose it for the potential returns we could see here. But thats my business... Other big play is SXX, probably a similar time frame for decent returns... Patience will be rewarded IMO... GL
http://www.livemint.com/Industry/l12m5U6ofLLjV7C1pTyJXP/Essar-Oil-to-double-coal-bed-methane-output-from-Raniganj-bl.html Link from Greka Facebook page
I day traded this years back at the 29p mark and have been very luck here to be honest. Purely luck more than judgement. I won't pretend it's from my vast knowledge. Basically for some reason my trade didn't go through and for 18 months I didn't look at how this was doing as it was go far gone. Good job really as I would be well down. I did by in a few weeks later though as it dipped and I feel that this will go eventually. Your opinion is valued as is everyone else's should be. Just consider the many PI's who would rather not hear your "hunch" about this going down. You can't tell if this will go up or down can you? So just say nothing is probably best. If your are trying to get some sort of recognition from PI's who you have "warned" that this is going down then sorry to burst your bubble mate but you a late to the party as that horse bolted years ago. The only people here are PI with hope and faith which is all AIM is about BTW. Maybe have a go on a horoscope website where putting your "gut" feeling about things might get you some followers, and the attention you obviously crave. I love a rant and bored in work, what do you think coolman?
Glad your happy with your invest - all jokes apart. But if you have been here for 5 years, you would have bought in the mid 20's?? this share hasn't seen 10p since 2013, the sp is more then enough to speak doom and gloom for itself. Failed attempts to get into the hong kong stock exchange, lack of funding on gdg meaning the so called contract which gdl has lined up cant even get going which means no income stream. Wins contract with other major companies but again nothing doing on the finance front, yes, I am under researched and doom and gloom. love it when people like you just look at when someone joined a board and make the assumption of a novice. Hopes that's enough to back it up! lol Also the last time I checked, there isn't a rule that says you can only be on the board if your ramping and all realism is banned.
I honestly feel more than happy to be invested here. And will be buying more shortly if things work out as I plan. Long view is where I'm looking, 5 years on so as long as this can keep going for the next few years I'll be happy with that. Why are you on this board? Either you have lost money and feel ripped off or you don't research you trades. If the water here is too warm for you keep away from AIM mate. But don't come on here with your doom and gloom unless you have something to back it up with. GL :-)
yep, you do that, btw how has that knowledge served you so far on this share???
with our huge rise this morning were top of the pile...LOL when new comers see the spread they will run a mile!!
No offence mate but I'll take my advice from someone with a little more knowledge that you.