Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
I saw this mentioned a few days before as well so hopefully not gaining traction, on the flip side if they only tax gas powered rigs it could work in Jog's favour with their electrification plans, blanket approach would seem excessive
Well all 2021 brought us an unexpected fund raise, unexpected personnel changes and unexpectedly no material progress in how the GBA project will be funded in the form of a farm out, and a share price more or less where it was 12 months prior, hopefully a the new year will bring a change in fortune and we get the farm out news we've been waiting for. Surely there can't be that much longer to wait either way......... GLA
Looking unlikely a farm out will be announced now before the end of 2021, will they have to issue an RNS to confirm they've missed date given it was previously flagged as the end point or since they have plenty of money left do we just have to continue sitting and waiting for when they feel inclined to share, tried using their 'contact us' page to ask the same but they've not been particularly responsive on the for a while now.
I think it's just political maneuvering to keep the Greens onside for a majority in the Scottish parliament so she can keep saying there is a moral case for a referendum, in the knowledge she actually has no say in the matter when it comes to oil licences.
Can't imagine Shell would have taken the decision to move their HQ and tax residency to the UK if they thought the government was hostile to oil cos, also read reports Cop26 only focuses on coal and not oil so hopefully all positive, hopefully not much longer now until we find out either way.
That's one way to read it Vk, or could be they didn't have the £782k cash stashed away between them to activate the expiring options without selling to fund the purchase. We always knew they had plenty of options granted at low prices. If they sold at £1.40 to buy at £1.10 making a tidy profit, kept a few in the process and brought in a new strategic shareholder at the same time it could be very positive for them (and us), big question is who bought them.
This passage caught my eye:
17. RELATED PARTIES
During the period, the Company made loans available to its wholly owned subsidiaries and received loans from its wholly owned subidiaries. At the end of the period, Jersey Petroleum Ltd owed £86,409,726 (30 June 2020: £80,712,810) to the Company and Jersey Oil & Gas E&P Ltd
Is this the historic Trapp tax to be offset at a later date or something else?
Also mentioned here https://find-and-update.company-information.service.gov.uk/company/06490608/filing-history/MzMwNDE3OTc2OGFkaXF6a2N4/document?format=pdf&download=0
I'm still in, have a tad under 40,000 shares, just sitting tight now until the farm out RNS to see which way it goes, either no one bites and it's worth the same as the money in the bank as it's too big to deliver by themselves or someone shares their vision and sky rockets. Waited all these years now I'm holding either way until that RNS, don't think there's much else to say until the farm out outcome is known.
Good source for finding out who owns what and where https://www.common-wealth.co.uk/interactive-digital-projects/north-sea/map
I've emailed to see what they think, they used to be pretty good at responding but last time I got a response from their new PR firm so not going to hold my breath, if their plan was to expand out their electrification to others I can't see how it won't have some influence on their plans unless it's proposed for a totally different area
Would be interesting to know how this impacts JOGs electrification plans, if at all: https://www.reuters.com/business/sustainable-business/cerulean-winds-plans-floating-wind-turbine-project-uk-north-sea-2021-05-31/
I'd personally much prefer a buy out, nice clean exit and be done with it, but the recent headcount increase goes against that to me, rather than giving away purely equity could it be structured through a combination including % future profit or revenue share once producing?
I'm also loosing confidence. Every time they have good news it is followed by bad. They had the Vernier discovery, then the next drill was unsuccessful, they were awarded the Buchan licences, then equinor walked away, they announce the concept select, then have the funding leak debacle and further dilution and yet more options awarded all to the detriment of PIs. Waited 4 years so far for this to come good so will be hanging on a while longer yet but expect I'll be breathing a big sigh of relief once the farmout deal is struck considering how bumpy the ride has been so far. GLA
https://www.heraldscotland.com/business_hq/19167845.north-sea-minnow-secures-backing-city/
They're generally pretty responsive by email to be fair to them and my holding is pretty small (38k) had responses from Andrew Benitz and Rebecca Smith/Church is the past, held off emailing at the moment as imagine they're pretty busy and ultimately can't share anything market sensitive anyway
For me the reason for saying I was disappointed in an earlier post today was due to hoping with concept select now complete it was a case of sitting back whilst Jog pick a farmout partner who will stump up the cash and bring further industry expertise to deliver the GBA vision, I wasn't expecting to have to pay more for our share. Naive perhaps but I generally look at this optimistically hence the reason for investing in small caps, long term the story is the same but short term, very annoying