Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. 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.
In the Oct 23 LNEnergy presentation it was clear that debt financing would be required.
“LNEnergy will seek to secure Euro 30 M in debt financing to fund exercise option to purchase Colle Santo gas field and development CAPEX to achieve first gas”
Unfortunately The Clown Club side show drown out and sensible commentary on the recent Gunvor RNS.
“The HoA also provides for a potential prepayment by Gunvor for a portion of the first five years of deliveries, with such amounts subject to prepayment being a total of approximately 66,000 tonnes of LNG, or 999,000 MWh. The average forward Italian PSV gas price for the years 2025-2030 is currently approximately €30 / MWh. The prepayment is conditional on agreeing definitive transaction documentation and LNEnergy obtaining the required permits to construct and operate the LNG production facility.“
A pure coincidence that the prepayment 999,000 MWh x Italian PSV Euro 30 per MWh equals Euro 30 Million.
Admittedly this is contingent on a number of permits being secured (See Dec 23 filings) but if successful debt financing will be replaced by a prepayment from a deep pocketed credible source.
The SP will not be clowning around when the announcement is made confirming this transaction.
Jack
BTW - Watts. Moniman has told me you have been admitted as a member 🤡 🤡 🤡
Yes the clueless duo have destroyed the company & thus its shareholders but still retain outrageous salaries for a monstrous undèrperformance.
Gennady Timchenko
I happen to believe JD& Wiltshire are wrong in backing the management but that's jmo.
Let's just say I regard them as not fit for purpose.
Is the £9.5 million RBD cash kept in a bank or the back of a Ferrari?
Bernie Madoff and Robert Maxwell would have been proud of the two 🤡 🤡!
Jack is the dynamic duo's 'Trojan Horse'. The facts speak louder than the utterances from the secretive spokesman for RBD Jack, Unlike the two CEO's the share price and it's downward spiral over the last few years does not lie!
What sort of twisted idiot keeps ignoring the essential truth that he and his twin have destroyed this company. Nobody believes your lies, Jack, especially the market, who know what a b/s artists you are. More selling on each piece of garbage you release. What's the latest West Newton lie? Bigger than Wytch Farm?
Good to see the latest news that CS now have an agreement with Gunvor. Those on the ground in Italy know that the landscape is fundamentally changing with regard to LNG.
Great goal for the facility……. Bring it on
Jack
Gunvor closes new EUR 400 million facility backed by Italy’s SACE
14 December 2023
GENEVA – Gunvor Group, a leading global physical energy trading company, has closed a EUR 400 million, 5-year term loan (the “Facility”) guaranteed by SACE, the Italian Export Credit Agency (“ECA”) with UniCredit acting as Global Coordinator. The goal of the Facility is to support Italian industry by securing natural gas and liquefied natural gas (LNG) supplies while promoting the export of Italy’s goods and services. Gunvor is a leading global trader of LNG, and one of the largest physical natural gas traders in Europe.
“Gunvor is pleased to support SACE’s push strategy by helping secure energy supplies to the country and having the opportunity to further grow the business with Italian customers and suppliers,” said Jeff Webster, Gunvor Group Chief Financial Officer.
Is the CS money going into the 🤡 🤡 Ferrari fund? Or some other black hole like the £13.5 million received from Shell?
Wiltshireman,
I agree. They run for the hills on any positive news.
Maybe they were all at the Clown Club AGM. Moniman usual two clown 🤡 🤡 posts, we’re taken down awaiting new members to join.
Step up Watts. Maybe a few more ridiculous posts will get you in.
Moniman. Thanks for your concern re Deltic but it’s all in hand. 😂
Jack
Jack how's that other dog Deltic Energy you've be cheering about lately? Dog 🐕 🦮 🐩
Itsawrap,
I thought Euro 45 was on the low side, especially if you flex your chart out 5 years. Think Supply and Demand, combined with regional price differences plus global challenges that aren’t going away.
Dont forget your talking about a 20+ year off take, security of supply and yet to be factored in Government Grants.
Jack
Thinking of upgrading to a 488 Pista.
Italy's power costs have climbed further above some key rival economies so far in 2024, with wholesale prices last month averaging nearly 40% above prices in France and 60% more than wholesale prices in Spain.
The share of natural gas in Italy's electricity generation mix in 2023 was just over 45%, compared to 6% in France, 15% in Germany and 23% in Spain, data from think tank Ember shows.
Wholesale power prices in Italy averaged 127 euros ($137.80) per megawatt hour in 2023, according to LSEG, which was a third more than the average power prices in Germany and France last year, and over 50% higher than the average price in Spain.
Yes I've known for some time itsawrap. We should be used to being conned by this pair of shysters by now.
Https://tradingeconomics.com/commodity/eu-natural-gas
the Euro45 kwh they used in October for the Euro11m pa estimate was during a spike - imo it was just to con shareholders into believing Colle Santo was far better than it's likely to be.
Is it right that revenues from CS are to be put into a Ferrari Fund?
It's nice to see something happening. We will however not be receiving any funds for years. I note Williams has messed up on the gas price per mwh at last. I suppose he didn't have any choice.
JD, you mention U.S. money ? Not a snowballs chance in hell imo.
The share price is now only half what it was 1 year ago. Let's all celebrate this outstanding achievement of our two co-CEO's
'but I'm guessing it isn't something that you just pop down to Screwfix for with £20 in your pocket.'
I surmise you can find all sorts of items tucked in their back pocket!
Yes Jack, you're really blowing them all away with a new all time low on the share price, .0006. It's getting harder to calculate the loss you have made and the market has served up a very unimpressed reaction to your latest 'never, never land b/s' No doubt you will be buying 10 more shares to grow your 0 holding.
Jack Diamonds, how's that Deltic investment coming along, running on fumes and 50% crash on Tuesday. Can't even afford to pay their share of the pensecola field can they? Oh dear!
#RBD @ReaboldPLC Gunvor, Colle Santo gas field agreement interview with Sachin & Stephen
Notably #UJO West Newton JV Partner with @ReaboldPLC Major Catalyst
https://x.com/Heid_oil/status/1785955822037561511
Nice one Odins!
Wait a minute - yes, I can just see a Ferrari pulling up at Screwfix!
I don't want to be a negative Nigel, but while having an offtake agreement in place is great. There is still the environment agency (Italy) permit to acquire and following that the mini LNG plant to procure, deliver and commission before we see any kind of income from CS.
I don't know how long it takes to procure a mini LNG plant or how much they cost, but I'm guessing it isn't something that you just pop down to Screwfix for with £20 in your pocket.
makes you wonder how they can **** on these chips - looks like a company with more cash than its mc and now earning its current mc from one site every year if i read this write. should get interesting from here...