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.
This is not really a big contract compare to what is coming from GDG in the next few months, they have a capex of 127mil to spend on drilling
15 million contract over 3 years, more than their Mcap
:-)
boooomm everyone missed that RNS lol massive contract
why it took 2 hours to go bang !......B
massive contract , multi bag?
Great to see Indian State controlled business for GDL. $15m from 1 rig. I can see more Indian operators giving GDL business here. Something meaty from GDG would ignite this again. Get some whilst it's bargain basment time GLA
Some decent working capital and ability to pay RG his loan back... Need the GDG contract now to kick start the turnaround...
$15m over 3 years 🖒
Thats a big buy in gdl
Will probably to try and take this private on the cheap, just like he did with Greka Engineering!
Hope that explains everything for you cool_trader
Authority of India (SAIL) is in talks with ONGC for CBM supplies to its Bokaro Steel Plant in Jharkhand as it prepares conversion of dirty coal-fired blast furnaces to clean gas. "Informally ONGC has told us production will begin within a year," adds SAIL. "For the past one year we have been talking." With its 35,000 strong workforce spread across 11-sq km the 4.5m t/y Bokaro liquid steel plant is among India's largest and potentially a prize catch for CBM from BK-CBM-2001 which ONGC (80% and operator) shares with IndianOil (20%). "Only with more information from ONGC on (CBM) availability, pipeline connectivity and price can we go ahead," adds our source. ONGC's annual report for 2015-16 promised first CBM from BK-CBM-2001 this fiscal or before March 31 (2018) with projected 'peak' output of 900,000 cm/d and 750,000 cm/d 'plateau' output from 141 planned wells. Since then the number of (planned) wells has increased to 155 and the original Rs823cr ($137m) drilling budget has increased by 20%. ONGC and IndianOil directors need to approve the cost escalation before awarding a drilling contract to UK-listed Greka Drilling
'The LOI, which is expected to be issued during April 2017' stated the rns on the 6th April. It's now June and there has been no mention of it. Does RG take us for mugs???!!! He should at least have the courtesy to let us know that what the delay is in receiving the LOI. His incompetence is the sole reason for this share struggling.
I'm no expert but from what I've seen over the years is that the SP will only move on news and/or activity. At the moment all the work is in the post. Even once drilling has commenced I still think they will need money in the bank from completed wells before we see the rise we have waited so many years for. I still believe this is a good company in a strong position, but they need to deliver on the sales front. Currently it feels we are just drift through another year on nothing…………………..and that is reflected in the SP.
lots of 100k buys, yet the sp cant break 3p, one 4k sell and the bottom drops - lol what a share!
Wish I had some funds to buy more at this price. So much news to come from GDG
And some more today...
100k buys continue today....
Good buy at 2.8p potentially... If we get the news expected this year and on the balance sheet for next year do you think we can be at 10p by Jan?
nm