Member Info for 1yrless

.. without further explanation/context it just leaves me confused.

FACT: FRR's evidence was strong enough to get an injunction
FACT: Hope did not submit his defence evidence on 18th

So why would the injunction be lifted? We can all speculate but this needs a comment from Zaza to clarify things.

Not the Christmas present he promised.

"Yet with less than 18 months to go until the regulations come into force, concern is mounting that the refinery industry will produce enough low-sulphur fuels to meet demand, especially at an affordable price.

The short answer is that supply won’t meet demand,” said Martin Tallett, president of energy consultancy Ensys and chief author of an unofficial study on fuel availability that was submitted to the IMO to inform its decision over the sulphur cap in 2016."

https://fairplay.ihs.com/safety-regulation/article/4304251/refiners-set-to-struggle-with-low-sulphur-bunker-fuel-supply

From 1st Jan 2020 HFO sulphur content limited to 0.5%. Hence, our crude will be at a PREMIUM as we have sweet crude < 0.5 and supplies expected to struggle to meet demand. The major(s) need to pull their finger out to ramp up production in time 😁

Gla

Great move to get the YA issue out the way and improve near term cash flow. Servicing the super major testing demands probably costing a few quid and reducing potential flow rates, so £200k / month very welcome.

Also, very importantly, clearing a stumbling block out of the way of the big deal....

Gla

Must admit that I see the 3 legal cases we are embroiled in as a frustrating distraction at a point where we are on the cusp of a transformation of FRR. Majors are risk averse and will want clarity over ownership and liabilities before signing up. Let's hope that momentum is maintained whilst the legal stuff is sorted in the background. That said, pleased with the company's robust response to the ******* trying to mug us off.

T-39 dropping down to Z19 was totally out of the blue, no hint from the company. Just makes me wonder what they might be doing at Umbongo, such a huge gas interval must give them so many options for testing.......

My point is that if the well bore was not likely to be workable then surely they would have taken the side track option. I think there is a growing realisation as to how complicated the drill ang frack process is and how prudent the company are in executing. We need to give them the time needed to get the gas flowing at the required rates. Gla

Seen the negative speculation as to whether Russian UD2 well bore is up to the job. Question: is there any reason they can't side track, same as they are doing for oil? Thanks Btw, I read the RNS as positive, assume the get rich quick guys didn't like it though ; - )

Hey, I'm in, had to re-register but TapaTalk seems happy. thanks for the help.

Found my original email from BrianSmith but TapaTalk doesn't recognise the user id. Any ideas please?

Thanks guys, just got to remember my sign-in details now : - (

Hi, I dropped my Tablet, kaput!, so can somebody please post a link to the Forum. Thanks,

Absolutely agree your point about the "noobs". I've been in for 6 years so seen the high an low points. For me this RNS is very significant as we now have have two horses back in the race. I'm expecting long timescales before we see revenue raising deals from JGC but it's great to have a fall back should KSA continue to delay. I'm hoping for a steady climb back up to 10p, expecting another capital raise next spring/summer, and deals coming in H2 2018. Cheers

... they need to create a decent business asap or close down and return what little cash is left. As it is they are bleeding away our capital on overheads. Agree, the loan looks like bad news, must be a high risk that we will never see the loan repaid.

Because we thought they had no assets and were on the verge of going bust. Now all of a sudden we have 2 parties interested enough to stump up significant cash. Will be fascinating to see where this goes. I have a small residual number of shares, having sold most at a loss (not great but could have been a lot worse)' on the off chance of a miracle.

Not expecting anything positive tomorrow given their track record over the last year or so. With low expectations things can't disappoint. Gla, still keeping my fingers crossed though. :-)

Nice to see a sign of life. The RNS reads well. Let's hope this is the start of a steady flow of quality information. Like most, I'm sitting on a big loss at the moment but willing to stick it out for a while yet. Good luck all, we will need it.

I was expecting this to be closer to 0.5p but it seems to be holding up well. Any ideas what is happening. I decided to hold on the off chance that plans with some substance will be announced in the next few weeks - can but hope.

Hi, does anyone know the last day for buys to qualify for the split? Thanks

Maybe been advised to slow to in order to optimise chance of success. I would personally be happy with delays that reduce risk, but would be nice to know what the strategy is, think we deserve that. I'm in for the long run but very twitch given the way LRL have handled comms to date. Good luck all