Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. 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 don't trust anyone or anything linked to china and HK especially with the turmoil theyre in!
Nice to see oil back over 60 bucks.... perfect time to announce the cash is here!!
BIG.... i agree totally ... this is way oversold ...and i do believe that the money is on its way ... hopefully alot sooner than Xmas ..... you can bet the BOD are as annoyed and frustrated as all investors .....
….and a complete bargain again at this price.... more than a double bagger on news funds have arrived!
APEC is the problem look where they are HK and it turmoil there right now
http://www.apecenergy.com/management-team.html
Introduction
APEC Energy Enterprise Ltd. was established in 2014 as a Hong Kong registered company with headquarters in Beijing. In addition to its original focus on offshore oil & gas services, APEC now provides upstream energy acquisition advice and management services in partnership with Chinese Oil Companies, offshore and onshore service providers, and SOE investment groups.
In its advisory role, APEC regularly counsels senior Chinese policy-makers and investment groups to more effectively deploy Chinese offshore and onshore E&P assets & services, while also improving China's oil & gas investment strategy.
Agreed ALGU. This is way oversold, especially with operations about to start. GLA
Trufflehound. I'm a user at ADVFN, not much, don't find it easy to navigate. Would you be kind enough to post a link to that blog please?
Regards
Yes the company know the money is on way and have seen proof so they continue with the project, bargain basement right now
While the continued delay of funds is not ideal, the SP reaction today for PVR and LOGP is unfortunate for another reason. We are told in the RNS that the vessel is being mobilized and what is essentially the deposit is being paid to ensure that happens. So this gives an assurance that things are going ahead on the activity side - and that money will appear in one form or another. This is a positive the market has ignored. It's understandable given the frustration over funds, but still it's not the announcement a company about to fold would make.
Would say quite alot of stop losses activated today, this should recover tmrw with some buying back in and some new bargain hunters
The 2 companies are inextricably tied at the hip!
Also you asume that EXOLA, the operator of the licence has call on LOGP for 20% of survey costs in the event that APEC funds have not yet arrived. However, EXOLA is a subsidiary of PVR, not LOGP and as we have not seen the details of the APEC farmout agreement, which all parties have signed, we can't know whether EXOLA can call on LOGP for 20%, 10% or nothing at all. EXOLA is PVR, but EXOLA is not LOGP. It may be the case that PVR has to carry the can for the whole lot until APEC pays up.
Site survey payment and PVR's running costs are two separate issues. PVR needs to raise funds just to keep the lights on regardless of the site survey. LOGP is already funded for almost 12 months. As I said on the PVR board the other day, the correct course of action is for PVR to raise 12 month's running costs immediately and then hold off on the survey until the funds arrive from China. On the other hand, the fact PVR appears to be pressing on with the site survey at this stage suggest they are extremely confident of the funds arriving.
Phoebus..Do u not realise if there is a capital raise to site survey Barryroe Lansdowne will have to pony up 20%..
PVR is down less that LOGP which is ironic as they're the one's that need a placing to keep the lights on if funding delays continue. Tiny dilution over at PVR would see them good for another 12 months and give us plenty of time to wait for the funds to arrive from China. It's frustrating that PVR's failure to cover their own running costs is dragging LOGP with it. Get on and sort your running costs out with a placing Tony. You've had long enough.
Looks like the buys are catching up with the sells here. Hope to God we finish more or less level on the day. PVR only about 2% down.
Anybody going to the LOGP AGM end of rhis week?
They really are taking the mick here now give us some proof of the assurances
Anybody wondering what the problem is, over on ADVFN there is a
five part blog setting out in detail the problem, read it before investing anymore money here.
That's what I can't understand. If it was my business I'd want know what the reason for the delay was, what/who was responsible and how long before it's resolved. Then an RNS.
why dont they do some bloody research, find out why this is happening, determine a realistic date and advise shareholders fully....
It's bizarre to say the least....it's only 9m as well....not 900m!
I'll be surprised if they ever get the money. The delays aren't explained properly?
....now 2nd of Sept.
What you talkin' about fool!! :) China is definitely withholding/delaying payments... so I would hope it's en-route... if they need any more funds in the future post-this, I hope they take the timescales into account.
Ever get that deja vu feeling.
Money been delayed so many times I just don’t see it materialising, I just can’t understand how it could take this long but if it wasn’t surely there’d of said by now - and why would pvr pay for ship if they weren’t confident of it coming.
Ship appears to be moving now in direction of Ireland so that’s a positive too.....
So all in all who knows.......just hope we say those A team words soon ‘I love it when a plan comes together’