Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
Phil and Buzz you have hit the nail on the head, anything we do will have a very small effect on CO2 emissions compared with China and its increasing use of coal. The argument that we have to show a lead in this is valid, but when did China take any notice of anything the rest of the world suggesting or demanding.
Hi ovets
Thanks for posing the link to the governors speech that has got be be the most upbeat assessment of the chances of Sealion going ahead I have see from any of the previous statements issued by the FI government.
Too keep the list size down all who have previously indicated are in group 1 list.
Please cut and paste list, and add your name and shareholding if also supportive.
1st list
Total: 21,050,934 Wed 21 April 12:31
2nd list:
Deshire: 300k
GordonAlbert 106k
DickHerzberg 200k
Comertose 200k
Croft...my wife recently bought me a pair of Joules slippers as an early valentines present because my old ones had fallen apart. The new ones are very comfortable especial in these very cold times. Good luck with your purchase...as you said fit and timing are very important.
Rossannan. I don't think anyone here who have been following RHK over the last decade expect a full headline figure award, they are just saying we don't know whether there will even be an award, let along how much it will be, just that there is not point in speculating how much it will be, but any figure would help the balance sheet going forward.
If I remember correctly when the award was raised at the 2019 AGM Moody didn't even speculate a figure above £100m when he was asked about the cost of the no win no fee representation.
Daikihaku the costs to RKH in the event of a successful award was covered by Moody at the 2019 AGM. I have thrown away my notes on the meeting now but I published on this board the figures stated at the meeting. It is up to 50% depending on the size of the award. If my memory serves me correctly it is on a sliding scale, if it is above £50M. So if the award is £50M RKH get £25M, If it is £100M RKH get circa £65M …. I think and so on. It is about the legal chaps recovery of costs and then getting a bonus on top of that depending on how successful they are at getting a pay out.
Bloobird, that is a very interesting article, thank you for posting, the graph showing the decline in the combined company's production is particularly interesting, it shows the output starting to decline steeply from 2023, so I would imagine getting sealion going in the short term will be a necessary requirement for them to start to plug the hole in the declining production from 2023 onwards. They also have Zama but that seems to have an uncertain future at the moment because of the ambitions of the Mexican government wanting to bring all offshore production under government control.
I strongly believe that although nothing is certain at the moment the reverse take over of Premier by Chrysaor, has got to be a good thing for RKH, lets just hope it can survive long enough for all of this to fall into place.
I saw that article too, with Zama held up by the machinations of the Mexican government wanting to nationalise all offshore assets, it surely must make Sealion seem far more appealing in a stable and trustworthy jurisdiction.
It is also worth looking at the presentation regarding reserves that are shown in the presentation attributed to Chrysaor . It looks like they presently have reserves of circa 280 mmboe stated. Sealion would double that figure in the 1 st phase so I don't think it will be ditched, the question is will RKH still be involved when it is extracted. It all hinges on the oil price.
I had pretty much written off my investment in Rockie but today has brought new hope for me...still a big risk but for me it is new hope for some sort of pay out, some time in the future. My advice is keep your nerve fellow sufferers if you can.
Airbus has announced that they are going to develop passenger Aeroplanes that run solely on Hydrogen to reduce green house gas emissions. Where is that Hydrogen going to come from....well fossil fuels probably as it is still the cheapest way to produce Hydrogen and probably will be until we harness Fusion ?
Back in the mid 1970's my Father brought home a number of studies regarding the production of electricity though means other than though fossil fuels, it was part of his job to know about these things.. There was the normal mix of wind, solar, tidal, and wave energy solutions proposed but the one that intrigued me the most was the suggestion of having large solar panels in geostationary orbit around the earth and then beaming back the energy to earth via microwaves. It all sounded quite good, plenty of uninterrupted sunshine during a known part of the day, undiluted by the earth's atmosphere. However, it then occurred to who ever suggested this solution that if for some reason the satellite solar panel drifted off azimuth unexpectedly, one may end up frying parts of the earth that you were not expecting to...so I guess that idea was gently dropped.
Totally agree Bootle. Even if we change over to running transport on Hydrogen, the best and only economic way of producing Hydrogen at the moment is from fossil fuels , that is until we have copious quantities of carbon neutral electricity from either fusion or fission so we can produce it through electrolysis. Or of course cover some of the Sahara dessert , or somewhere else very reliably sunny with solar panels and produce the electricity that way.
Hi Bootle. I use adblock plus and have had no security issues...Norton is totally happy with it. The only problem you sometimes get is some news paper sites detect you are using an ad blocker and asks you to disable it for their page in order to see the content.