Member Info for 2phevs

Definitely along with the lie about the black hole that's resulted in the £ recent increase

I'm hoping the nat gas price goes to 58p for 6 months and ithaca stops having to pay the 38% on liquids and gas

Here's the 2 page project summary and 456 page environmental statement from the gov website

Looks like they'll be using Harbour Energys Brittania platform and Bridged Link platform to meet the existing infrastructure criteria

21 million barrels I believe

Fotla Field Development - GOV.UK https://share.google/fM5XJKxjT0LhPlBCY

If you can get round the paywall

https://www.linkedin.com/posts/cornish-metals-plc_funds-fuel-price-rally-but-tin-needs-investors-activity-7407393322769620992-Le-6?utm_source=share&utm_medium=member_android&rcm=ACoAAEG4l0gBO7-otCES7DDpar2cXo5aD5L2eLY

Oil is already under the levy threshold and gas has only got to go down 15% to break that threshold then after a few months (next summer) there is no levy which more than negates this drop and the recent drop in oil

The new mechanism only kicks in if both gas and oil are above 90p therm and $90 barrel

Perhaps that maths is behind the recent corporate moves in the UK O&G market

Very strange Lucifer that Total Energies Ithaca and now Harbour are all expanding their UK ops recently weird in an uninvest-able market don't you think?

Energy Profits Levy (EPL) Tax Thresholds

The Energy Profits Levy (EPL) is a UK windfall tax on the profits of oil and gas companies operating in the UK and on the UK Continental Shelf. It does not have thresholds for individual income tax.

The EPL rate was increased to 38% from 1 November 2024, raising the headline tax rate on upstream oil and gas activities to 78%.

The levy has an end date of 31 March 2030, but an Energy Security Investment Mechanism (ESIM) is in place.

For the 2025/2026 financial year, the ESIM threshold prices are $76.12 per barrel for oil and £0.59 per therm for gas, adjusted annually for inflation.

38% tax could go mid next year then the new one announced last week doesn't kick in unless .90p per therm and $90 per barrel is breached = 35% levy tax 3% less than the old one and a much higher threshold than now

Great news for a company that is Hedged for a good period like Ithaca

Need to know transparently the commercial relationship between Whitespace and Defence Holdings that is now called Defence Technologies as it seems Defence Holdings have no direct collaboration with Oracle its through Whitespace as stated in this RNS

Thanks for the reminder of my six figure loss there Andy after being a very devoute believer in the CEO'S cowmuck for over 18 months. I spent a lot of time and over 100 emails direct to the CEO which were answered to cover all questions about the market they are in without divulging material info.

I did have quite a few headstarts on info I gleaned from linkedin but I failed to capitalise on them by staying devoute until the bitter end which was the 90% dilution.

I didn't just disappear...i just took the loss and moved on. I've been following Atome since it IPO'D from my interest in Molecular....and have closely followed ITM AFC IES...I only purchased some Atome very recently because finally have everything in place and because of the importance of this project to the world (as shown by the announced finaciers) I made the leap

The reason I took so long was due to another mistake I made with Velocys which I lost 5 figures on...BTW I have had some stellar profits as well.

So GLA I'll keep checking linkedin everyday and post anything and yes Atome has negotiated a free trade zone just for that area whereas Norway (that was the context of my post not just Yara) has a continental free trade deal with MERCURA and that means free trade going the other way and with Norways deal with the EU that could be huge as well as the distribution across the whole of LATAM but dyor on what that means

A bit off topic but if Egypt with the Suez could do this as well would really help H2 Molecule transition for Maritime I believe from recent congrats from Olivier to the new CTO at AFC there may be some ammonia synergies not far away

Here's the post

https://lnkd.in/p/eNjAvik3

Posted yesterday by Yara no wonder they've done an offtake with Atome this is definitely happening...Atome should now do a seriously good equity deal with Yara for the Paraguay project....very interesting

Here's the post

https://lnkd.in/p/eU6htk8t

If anyone's got a direct line to the company this should go to them

Here's the LinkedIn in post from yesterday with the 3 pictures

https://lnkd.in/p/eBKxMhsA

Https://x.com/AtomePlc/status/1968619445158391964

Sorry it was this post along with a load of bankers and general counselling

https://www.linkedin.com/posts/omussat_regulatory-news-alerts-atome-the-commodities-activity-7372233447408410624-KR3r?utm_source=share&utm_medium=member_android&rcm=ACoAAEG4l0gBO7-otCES7DDpar2cXo5aD5L2eLY

Well Well an Energy Structuring Negotiator from Googles Main HQ in California reacted with that post Kid1 what's that all about... Olivier does keep mentioning about other pipeline projects been run in tandem with the Yara one

IMO this interview catches the excitement of Olivier he almost stated "low" and then quickly changed to reasonable electricity prices he's also got some serious skin in the game...hope you guys accumulating averaging in to make some serious money very shortly.

BTW that post also includes global lawyers global insurers global electrolyser manufacturers global analysts...

This is one of the most important projects in the world to get right and we own a piece of it

Hi Chromo this YouTube interview with Olivier (released 8 hours ago) pretty much confirms that IDB & FMO are involved and there are at least 3 senior execs from IFC reacted with Atome's post I've posted here

I've extracted a list of 20+ other senior profiles in finance other than many IDB FMO IFC Hy24 that reacted with that post

EIB UBS Bnp SG Rotschild & Co Hatch Aegon KBR CiFi Radobank Cordiant QIC Grupo Pena Verde Terminal Investment limited ICAMAP and I particularly like this one the Director of Latam at Copenhagen Infrastructure Partners

Pretty good list of Banking admirers reacting with Atome's Yara offtake post and will defo mean "GOOD" terms as Olivier puts it in this YouTube video

https://youtu.be/vyPCZiwXrx0?si=coMoIcUqIbkFMebO

Hi Chromo this YouTube interview with Olivier (released 8 hours ago) pretty much confirms that IDB & FMO are involved and there are at least 3 senior execs from IFC reacted with Atome's post I've posted here

I've extracted a list of 20+ other senior profiles in finthat reacted with that

Touchwood Chromo hopefully you and every other holder too GLA

Another 17.7k

Just grabbed 14k unfortunately after someone else grabbed 50k in 3 batches