The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
"United Airlines asked Pilots to take unpaid leave of absence in May, following delays in deliveries of Boeing Jetliners. The carrier explained that because of the lack of new planes, it wont be able to fly as many hours as planned. Both United and Boeing have been plagued by safety issues recently, goes to show what damage a "quality escape" can incur."
Your point being?
This is about Rolls Royce - United's Boeing fleet are powered by General Electric, maintaining its American links. Only the 757 fleet are RR powered, but thats a very old airframe. Not sure what argument you are attempting to present.
"We have received enquiries regarding the paying agent. As previously advised, if certificate holders issued by the company have not had contact from the paying agent by close of business on 2nd April 2024 (EST) you are advised to email the company at contact@cloudtag.com FAO Corporate Share Action where we shall involve the paying agent directly to handle your notification process."
If only the email address existed, the message might be credible:
https://mxtoolbox.com/deliverability
Not sure if posted before.
Japan Airlines has confirmed its intention to acquire 21 more Airbus A350s and to place its first-ever Airbus single aisle aircraft order for 11 A321neo, entering service commencing 2027.
Order for 10 Boeing 787-9 Dreamliners, but these are powered by GE GEnx engines.
In the RNS dated 8 Feb 24, PH is quoted 'Our team has worked hard to deliver the technical product required for a successful farm-out process, including a full appraisal plan and early development concept.'
To me that does not suggest the farm-out process is underway at that time, but being prepared. Furthermore, the corporate presentation from March 24 states 'Farm-out commenced... supported by Independent Engineering Report and independent advisor', again suggesting it did not commence prior to the IER.
The farm-out process officially commenced 12 Feb 24. I did post that recently, but clearly drowned out by the dross written by the few. Assuming the process takes 3-6 months we can expect to hear news of the farm-out partner circa May to Aug, however that will only be the announcement of 'who', not 'what' will be undertaken as that will be subject to legal and contractual obligations.
The price will likely jump and depending who the farm-out partner is will determine the amount, as we already know whats available. Its then a matter of determining how the work and income is divided. It could very well be 100% sold to a larger organisation, Block has stated the NPV being $500M. Decide yourselves what value you think that places on the company.
As for todays rise, there is nothing to indicate why, apart from a long weekend. I think its too early to expect any announcements on farm-out partners yet.
It was good to see sensible commentary today too and no one having to unnecessarily and constantly defend their positions, until the troll returned.
There is no reason you cannot share it with the FHSG team though, as all members are verified shareholders there and details shared with the company.
PH being in EG Jan 24 likely relates to his stake via Antler, where Antler holds 80% working interest in a production sharing contract. Europa will pay Antler aggregate consideration of US$3M where Haywood is a founding shareholder.
Nothing related to Block, simply tertiary interest for PH.
Lets be clear which farm outs are being referred to, along with dates, to keep it simple.
In 2023 entered farm-out agreement with Georgia Oil and Gas, and acquired 2D seismic over Markopi Terrace prospect (Project IV)
The more interesting one is based on the March 2024 Corporate Presentation: High-impact farm-out campaigns for Projects Ill and IV. The farm-out process for Project III commenced February 2024, as published via RNS, following the IER, (>1 TCF 2C Contingent Gas. NPV >$500M) in the same field (Patardzueli-Samgori) as the CCS opportunity (151.5MT CO2). The advantage is that the 'waste' CO2 can be used to extract existing O&G which is what makes this project the more lucrative, ie, taking & storing local waste CO2 and delivering O&G to wider energy markets, particularly based on the large capacity available for both.
Early days yet, but CNPC have been mentioned and confirmed on site December 2023, but that does not mean the farm-out process started then.
The world needs to achieve 92 GtCO2 reduction required by CCUS, where >91% of the CO2 being matched to suitable sinks within 300 km in the United States, and EU.
USA and EU spend approximately US$2.01 trillion, and US$0.94 trillion respectively until 2050, on additional costs for CCUS. CCUS is an economically promising technology, however, actual break-even oil price to a large extent depends on the geological condition of deployment.
Fantastic opportunity for Block, currently and seemingly under the radar for many.
Around 8 gigatons of CO2 storage, reservoir level around 256 MT. Making it one of the largest potential CCS projects in the European region. By comparison, Shute Creek Gas Processing Plant in the US has the largest carbon capture and storage capacity worldwide; 7M metric tons/annum.
"As I say like you and our resident Walt Avi8r I think theres an agenda gang here bubbling along and saying trashing the company." Wrong again - my first name is not Walt, but you can call me Captain.
Although as we are on the topic [presumably] of Walter Mitty characters, you certainly fit that perfectly, with your false bonhomie and implied knowledgable benefactor. Speaking of which, do you have the right to troop past the cenotaph and pay respects to those that gave their life for you to call people out on puerile guesswork? People who gave their lives so morons like you have free speech. I do and I've been there, Walt.
Truth is, you have never answered a single question put to you.
All you claim to be and all you claim to know is clearly false.
I don't know which of you has the lower intellect, you or the other troll, although at least the other one stays focussed on its agenda. You make zero effort, bring zero information and only manage to wind everyone up, including the other troll.
Well done, you are in a league of your own.
Another one, only twice as thick as 💩💩💩
You're welcome Sdyas. British veterans are so often forgotten, but the profile appears to be increasing more recently. Like you, I served and many of us witnessed things that haunt us. I have many friends who have been too proud to admit there's a problem until it becomes too difficult to cope with. But the good thing is there is a support network there, willing and welcoming, ready to help.
Keep us posted if you can, it would be good to know you've found a way out of the situation.
Good luck 👍💜
Ukraine is not going to renew the gas transit contract with the Russian company Gazprom.
Ukrainian Minister of Energy, Galuschenko, states there are no plans to renew or make additional agreements noting that "the network of gas pipelines passed the stress test and is now ready for life without the transit of Russian gas."
This might make things interesting in some parts of Europe. Ukraine will no longer allow Russian gas to pass through its territory to reach Europe. Austria, Hungary and others are still getting a lot of gas from Russia. Austria still rely on Russian gas for 98% of supply.
Austria is accelerating the end of its Russian gas supply to alleviate its reliance on Moscow for energy supplies but faces tough legal and political challenges, however this Ukrainian action will expedite that decision process. Austria's reliance on Moscow is “a clear market failure”.
Hungary will also suffer from the cessation, particularly as a key ally of Russia.
Covered yesterday; https://www.lse.co.uk/ShareChat.html?ShareTicker=RR.&share=Rolls-Royce&page=3
As an ex-serviceman there are a lot of charities and other support groups run by the forces, current and ex-forces for people in need of assistance. You are a veteran and the country has a debt of gratitude to you. Get in touch with some of these and they will do everything they can to help. Start with SSAFA, British Legion, BLESMA and even Blind Veterans. All of them will listen and offer advice, some will even offer more. But the key thing is that they will have answers, and know where to point you. Most importantly, they will listen, you do not need to suffer alone.
Finally, no doubt you are aware of the Army Rumour Service (https://www.arrse.co.uk/community/) which is a good starting point for any ex-serviceman which addresses all UK armed forces, serving and veterans.
You are not alone, just reach out. Please.
"Love the references to phallus, it just proves that i'm really getting to you doesn't it and that I'm not far away on what your motives are. Your sat their on your lap really angry now which warms me immensely so thank you."
You know nothing about me, but my reference to you is accurate. You are all hot air and no substance, alluding to connections yet fail to evidence such, choosing rather to deflect all comments with immature childish assumptions. Furthermore you cannot even spell correctly, yet you suggest I would be late for school. Maybe that would be true if I had children, however, my education has served me well through life. Being able to spell correctly is a good insight to a persons intelligence and communication ability, another faculty you appear to lack in abundance.
:Anyway yes I am knowledgeable here through several channels so I thank you for the acknowledgement."
Yet you choose not to confirm this, further underpinning the idea you are a fantasist, bordering on narcissism; all bow to the great I am, who knows.... no-one.
As for my average, its personal and private to me, as is everyone else's average. Again, your efforts to denigrate me on the basis of my shareholding are futile, as are your other attempts. Suffice to say I am comfortable with my investments, my career and lifestyle likewise.
Finally, to coin a phrase: Anyway enough from me, and no need to reply as I'm now about to enjoy a long lunch with good friends.
A great aircraft too, superior in many ways to the 787. Airbus and RR developed the Trent in collaboration, so the engines are closely integrated to the airframe and frame development. For obvious reasons, Airbus have the edge over Boeing at the moment.
MgBRG96, you appear to be the self-appointed policeman on this forum, having arrived only a few days ago. What a condescending, arrogant , conceited phallus you are. I maintain you are not as clever as you believe and most certainly not as cognisant with facts or the background of this company as claimed, despite your pathetically veiled attempts at doing so.
How are those libel claims against the troll coming? Submitted the forms to the relevant court yet? Where might that be?
As for dictating what I may, or may not do, the last time I checked I lived in a democracy where I am allowed to make my own share investment decisions, along with having vox gratis on this forum.
You act like some clever, knowledgable contributor, yet the truth is you are another pathetic, finger pointing, self-appointed enforcer, attempting to appear all-knowing and connected, yet simply hiding behind a facade purporting to know more than it really does. If the connections you claim to have to the company are genuine, then you will have no difficulty or objection proving such.
I have 4.5 million reasons allowing me my observations and I do not need you, or that other troll telling me what to do.
Put up or shut up, stop the nonsense, make way for constructive argument. It was bad enough with the other troll, but, in its absence, you now assume that mantel, behaving like a large pork phallus.
"..the noise in country". What noise in country???
Since 2017 China has made it clear that the Silk Road is strategically important and developments have been ongoing for sometime. That Russia's 3-day SMO is now in its 753 day has focussed attentions towards alternative sources. Tbilisi Energy and GOGC being the 2 largest in Georgia, if BLOE manage to secure a JV soon then maybe we will see a share-price uplift with associated production output & sales, but nowhere near these.
As for your comment "Schoolboy error maths" I don't believe I actually quoted or included any figures so am at a loss to comprehend your criticism. I am becoming increasingly wary of your commentary too; clearly English is not your first language, yet you are happy to castigate contributors and imply you are cognisant with more than you actually know.