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I did sell 1/3 so I'm just a little underwater I unfortunately didn't account for a drop like this worst I thought 30p level it will settle before news. I had a oversight there but I live and learn
Might have a better chance appearing on the bbc Dragons den to stump up the cash
Good luck win some money. I think it would be strange if Dana petrol didn't take up a similar deal as the 2 could be connected I'm sure I seen that been mentioned
I have followed sqz serica energy . Personally I think Maybe thet are going to fund them via some kind of merger. Bit of a wild conspiracy but I think they have the means to fund.
They could give up 10 or 15% of the license with a product promise at different flow rates
Whats happening 28p now
They can focus on selene still very cheep
Farm out is complete is this is successful then they could finance the 2nd well easily . If they can get an extension or something pre agreed
Interesting find
BLOG
THE WINDFALL TAX WAS SUPPOSED TO REIN IN FOSSIL FUEL PROFITS. INSTEAD IT HAS SAVED CORPORATIONS BILLIONS
Loophole in energy profits levy will hand oil and gas companies up to £18bn over next three years
BY ALEX CHAPMAN
28 NOVEMBER 2023
Last week the Office for Budget Responsibility (OBR) released new data which highlights how little this government’s ‘windfall tax’ has actually done to rein in the profits of fossil fuel companies.
Back in May 2022, the UK government announced the energy profits levy, as a response to the growing pressure for a ‘windfall tax’ on the massive profits being generated by companies pumping oil and gas in the North Sea. These profits were fuelled by skyrocketing fossil fuel prices in the wake of the Russian invasion of Ukraine. The levy raised the effective rate of corporation tax paid on oil and gas profits from 40% to 65%, and again to 75% in November 2022.
But, it came with a caveat. Despite the UK’s urgent need to kick its addiction to expensive fossil fuels, this government didn’t want to discourage investment in more oil and gas extraction. So they included a tax loophole to ensure that companies investing in new projects to pump fossil fuels out from under the North Sea would see their tax relief (already generous by most standards) rise to 91%. In other words, fossil fuel companies could deduct 91% of their capital investment costs from their corporation tax bill. The ‘windfall tax’ may have, on the surface, attempted to tackle the grotesque profits being raked in by massive companies in the midst of the cost of living crisis – but it also made it cheaper for these companies to extract the fossil fuels contributing to the sky-high cost of living in the first place.
BLOG
THE WINDFALL TAX WAS SUPPOSED TO REIN IN FOSSIL FUEL PROFITS. INSTEAD IT HAS SAVED CORPORATIONS BILLIONS
Loophole in energy profits levy will hand oil and gas companies up to £18bn over next three years
BY ALEX CHAPMAN
28 NOVEMBER 2023
Last week the Office for Budget Responsibility (OBR) released new data which highlights how little this government’s ‘windfall tax’ has actually done to rein in the profits of fossil fuel companies.
Back in May 2022, the UK government announced the energy profits levy, as a response to the growing pressure for a ‘windfall tax’ on the massive profits being generated by companies pumping oil and gas in the North Sea. These profits were fuelled by skyrocketing fossil fuel prices in the wake of the Russian invasion of Ukraine. The levy raised the effective rate of corporation tax paid on oil and gas profits from 40% to 65%, and again to 75% in November 2022.
But, it came with a caveat. Despite the UK’s urgent need to kick its addiction to expensive fossil fuels, this government didn’t want to discourage investment in more oil and gas extraction. So they included a tax loophole to ensure that companies investing in new projects to pump fossil fuels out from under the North Sea would see their tax relief (already generous by most standards) rise to 91%. In other words, fossil fuel companies could deduct 91% of their capital investment costs from their corporation tax bill. The ‘windfall tax’ may have, on the surface, attempted to tackle the grotesque profits being raked in by massive companies in the midst of the cost of living crisis – but it also made it cheaper for these companies to extract the fossil fuels contributing to the sky-high cost of living in the first place.
Update on ravenswood payment soon 50m plus the increase amounts on profitability upto 300m
It's good to see buying and selling today should retest the 43p resistance until further news and July drills
R8 currently has a market valuation of just over £2 million. The reverse takeover is expected to diversify Redwood Bank into a full-service bank by enabling it to acquire other lenders and loan books.
Sell while you can .
You would need a group like wall st bets to buy up so many shares to stop him reaching the number of shares
Yes I sure do respect people's views
There are 3 main aspects to trading news , fundamental and price im currently focus on the price for now and keeping close to this geopolitical which will indirectly effect deltic such as windfall tax and oil and gas policy in general they spend loads and technical costs and extraction if deltic get to this stage how would you feel about 75% tax on profits being an investor if they need to shut down matienace the government won't come running to save them.
This can trade between 1p and 5p until the may meeting is concluded imo
Short term resistance 44.5p
Medium term 54p
Long term 74p
Any thoughts charters ?
Deltic energy
IQE
TO NAME A FEW
Better to be few 100 up today and take the loss