Member Info for Bobee

I’ve hinted about the inaction of the Chairman in a previous post , it’s time you guys gave him some attention, he should be guiding the young team.
I fact it may have been him who recommended diversification into BH , it’s what Chairman are therefore.

The GSA has a Take or Pay clause , so the government has to use the contracted volume of gas.
The tricky bit is securing a Bank or Sovereign Guarantees, given the time scales and volumes this will be a huge amount to secure a guarantee on and for how long .
The reason for posting is to alert PI to the complexity of the negotiations, as without the Guarantee there will be no LE event .

Durham was my first face to face with the team , no videos, no recording of discussions so a very relaxed and open forum.
Like many on here and due to your past enthusiasm I have invested heavily with an average of 51p, so been over 70 and negotiated with Lebanese , Arabs and others I made sure to have one to one questions with the team.
I told JJ that I have invested more than I should so I could fund my grandchildren’s future - His comment was Stay with US this linked with BM,s statement on Malcom Woods interview- This is as Good as it gets !
I am quietly confident of a rewarding outcome , hope this helps you all to relax , swing slow, buy better wine and enjoy life in the fast lane.

Prime , Make sure you don’t rush things , otherwise you could produce more than gas ,👉🏻👫👫

Prime , I asked a lot of commercial questions, only to be advised they could not comment as ALL information must be done byRothchilds .
I got the impression that a big player is waiting to pounce and there could be others to create a bidding war .

DB I Will not be in London , save your money and buy more Golden tickets this is nailed on .

The headlines coming out of last nights event are -:
GSA in place with Take or Pay clauses to guarantee no backing out.
Licenses Merged to give 8yrs of production.
RISK levels continue to fall .
No decision to drill TE10/11 until TE9 tested then it’s bids or another drill , JP stated let’s wait and see what comes up , let’s hope it lots of gas !!
JJ at the end of the year we will know the bottom line .

There was a very up beat attitude from all the sound team, especially the Geoligists , The Salt seal was seen to be very significant in preventing gas seepage .

The World market for GAS is on the up and JP said that our timing could not be better to attract the best deal going.

Going back to bed as did not get home until 2am .

Must mention the lovely lady and her mother from Wynard , her husband is and O&G man working in Italy , My right arm is dropping of from filling their glass with wine .

Book your holidays , buy your boats and sail away .

Hi All , I’m heavily invested here for self and grandchildren, avg 31p so very concerned by your informed posts .
Just read up on the Non exec Chairman’s C V , and wonder if he is the reason for the empire building given he was strategy director at Anglo American. ? .
Another view we could take on the Zinc mining is a spreading of risk , there is high demand for this going forward.

Go to Avesero (ASO) 9.07 posting for link to Russ Molds gold buy recommendation, it answers many questions on the g8 investment we have in HUM. NOTE where their mines are , high risk compared to Mali .

Jungle drums are pointing to share price lift to a further strategic move by the BOD

BDEV are doing the new builds on the former Terry's chocolate factory in York, they have also secured a new site for 180 houses in Stamford Bridge ( Yorkshire not Chelsea) . Beverley sites are selling like hot cakes , I'm holding for £7.50 . Keep the faith .

I posted some 3 months ago that the CEO'S target price was 650, Barratt are selling as soon as they are built, just visited their show home in Beveley , very impressed two sites one all sold second going well York sites also selling well Upee bought in at 380 will hold for 700. Good Luck to all.

Can anyone explain the price drop, the houses are selling like hot cakes, I called into my local site to ask what price the 4 bedroom house was only to be told they would not be any for 6 months and they would put the price up if the current demand continues ! The target price for the SP is £ 6.5 . Let's hope it gets there.

Correction for contact read contract, and know anything.

The normal terms for a contract selling power is to insist the buyer issues an irrevocable letter of credit or sovereign guarantee equal to the value of the equipment , the set up costs and the first 6 months ( or 12 ) revenue. Should the buyer default the LC or bond is cashed. Now if APR did not set up the contact in this manner they have committed commercial suicide. Does anyone out there no anything ?

Just spoke to a friend in the know, Mike Clare is targeting 650 p/s so don't run away to quickly. The London portfolio is buzzing , one site is next to the Emirates so the fans don't need to travel far for home matches !

Many moons ago like 25yrs back ! Aggreko went to their NAV at about £1 , I ever bought in what a mistake that was. So am about to take the plunge once I have established the APR plant utilisation figure.

Hi Nezi, IPP contracts are secured by the end user providing a letter of credit, sovereign guarantee or bond to the value of the equipment plus mobilisation costs and the revenue of the rental period. The guarantees are reduced as the contract is executed.. You should not APR unlike Aggreko deals in major contracts only they do not have sets for small on site rentals. The business needs a lot of fianance for the capital purchases, also I not in addition to diesels the are using large gas/diesel fuelled turbines which are not very efficient. APR are head to head with Aggreko so margins will be squeezed, MIDDLE EAST and AFRICA are key markets with ME in turmoil things look tough., Trust this helps

Could be the Lybia project is seen as been under threat due to new unrest. It is the biggest deal on their books.

Hang on in there mate, APR are backed by some big US investors like Madaline Albright the former Secretary of State . GE will also help the cause by using them in change outs and break downs.