Member Info for DreamOn

New report from OGA https://www.ogauthority.co.uk/news-publications/news/2021/oga-bacton-energy-hub-area-plan-hydrogen-potential/

Should it not be marked down as a related party transaction? Godson director of both companies?

Exactly.. message from AIM is sell on bad news and sell on good news. Only buy when there is no news ...

From memory when Paul left I think the SP jumped by 4p that day

Good report here that even undermines India's apparent rationale for appealing; https://www.financialexpress.com/industry/cairn-wants-india-to-honour-its-word-and-pay-1-4-bn-shareholders-to-seek-enforcement/2207817/

Persimmon: I did research the possibilities of further placings by RBD but on the balance of what I saw I thought the risk of that happening relatively low. Two reasons mainly. 1) RBD are an investment company and with one exception (their direct 16.7% share of WN) they are not directly exposed to the cash requirements of the companies they invest in. 2) The quality and number of Institutions that are invested in RBD who will not be pleased with further dilution.
RBD I think have a need to divest their 16.7% direct holding (could be wrong) and if WN is what they say it is it should provide sufficient capital to be raised on the back of an EWT. It seems to me that the current SP is in the hands of a major seller which I have posted below is possibly Humber now offloading 350m shares. imho dyor

As of 2.15pm in Volume - Buys 8.2m Sells 3.3m (adjusted by price paid)

There is a video presentation on the ADX Energy website that talks a little about Parta from December. Running 3D Seismic. ADX looking for a listing in Europe and concentrating it seems on Austria

Just a thought "Pursuant to the SPA, Humber has agreed to a lock up over 66.67 per cent. of the Consideration Shares for a period of three months from Admission and an orderly market restriction for a further period of three months once the lock-in period expires." Clock started on 350m shares on 30/7/20 End of January is also Tax Time

A couple of interesting things (in my opinion) a) the press in India is in agreement with the award and feel it should be paid b) India only challenged the Vodafone award after they heard of the Cairn award.

" India has challenged the award in the Vodafone case in Singapore on December 24, 2020 - the final day of the limitation period of 90 days since the award was passed on September 24. It is likely that India will challenge the award in Cairn case as well before the Dutch courts. "
https://www.natlawreview.com/article/cairn-v-india-investment-treaty-arbitration

Thanks RG. It certainly makes Cairn an attractive concern for others though.

Ignoring todays events and consolidation the Mcap will remain at approx £1.2b. In December CNE were awarded a £1b settlement from India in relation to an historical investment in Vedanta which they wrote off in their books in 2018/19. Todays return of £250m to shareholders indicates that they believe they have sufficient liquidity. Therefore one could assume that on payment from India the entire £1b could be returned to shareholders. Why is this not recognised in the current SP? Or is it in some way? Does the market not think India will pay up? Very confused but holding in anticipation.

When it comes to India expect the unexpected https://hsfnotes.com/arbitration/2020/11/17/india-amends-arbitration-law-relating-to-enforcement-of-awards-tainted-by-fraud-and-arbitrator-qualifications/

Think the UK should protect Ireland from this new mutation and close down the gas pipeline for a few days just in case it makes it way across ........

Nephin is 100% owned by Cppib. The other stakeholder in corrib is equinor

Substantial Contingent Resources have also been confirmed in the *****tone Flags reservoir with gross 2C Contingent Resources of 1.53 million stock tank barrels of oil and 2.0 billion standard cubic feet of gas.
Gross Mean Stock Tank Oil Initially In Place (“STOOIP”) for the Broughton North Prospect is 3.43 million stock tank barrels in aggregate across two reservoir sands (Ashover Grit and *****tone Flags) with Mean Prospective Resources of 0.51 million stock tank barrels of oil plus 0.51 billion standard cubic feet of gas.

https://twitter.com/i/status/1338440197596442625

Not too far away ... https://www.bbc.co.uk/news/uk-scotland-glasgow-west-55156434

With tongue slightly in cheek ... https://www2.gov.scot/uploads/documents/ae08beauforts.fh10.pdf Irish Energy Security especially for Gas could well be exposed if the dodgy dumping of explosives damages the pipeline. (apparently 2 or 3 underwater explosions a month in the Dyke)