Member Info for DrPatience

FD, Ed Milliband is not serious about energy security. We need natural gas for 20+ million boilers to heat homes for many years to come. He is quite happy that we keep buying gas abroad by not supporting the NS during the green energy transition. He is a dreamer, he knows very little about the real situation. Very scary!

FD, this explains. They need it there, but no doubt the EU grant also helped. Green hydrogen is super expensive though, but being pushed through for industrial use. I guess consumers will end up paying.

https://www.hydrogeninsight.com/industrial/shell-takes-final-investment-decision-on-100mw-german-green-hydrogen-project-to-supply-its-own-refinery/2-1-1682841

Avocet123, I have been saying the same for years. The behaviors have been ridiculous. We may have turned a corner though, finally!🤞🏻🙏🏻

Maybe the current CEO understands this and has a better grip on things? Who knows, TBC.

In a nutshell, yes, LtD!

I would have preferred for coal to be spun off, but Glen is solid and generates amble cash; payouts will improve after the coal acquisition. Just topped up, hoping this is the bottom, but regardless confident about the medium/long term.

Titetc,

1)Capped: yes, but then sold (monetised) if decent discovery confirmed.

2) If dry, then yes, Delt worth very little, if anything.

That's the game.

Exciting stuff, Steelwatch1!

Fingers crossed for a good drill!!

GLA

Literally fake news!!

Ps: and categorically no bid coming! Why would investors sell? Most, including large investors, have paid a lot more for their shares than current sp, so will want to ride it out!

NeilBW, yes, but village clown, crazy Eddie, the energy genius, is still around. What's under Delt's belt is pretty safe though. I think most people have realised that Labour is not going to massively rock the boat and have so many other things to concentrate on. They also have the Unions after them. It's all about jobs and energy security.

I still firmly believe Selene will bring value; much higher than current sp. With the additional assets, "easier" assets that is vs Pensacola and Selene drill kicking off, I think shareholders' confidence will rebuild. It's going to take time and good news from Selene drill.

A bunch of us sit on big paper losses, so GLA!!

It's coming good...once paid for, I see Glen moving to the next level!

Altenburg,

Cash may or may be needed. TBC, depending on growth. Touch and go!

The new CEO came after the diagnostics business was sold, so a past fact. If you feel so about the new strategy and the prospects, you really should not own this share. I have a different view on the prospects based on my own research and contacts in the industry. We are entering new market opportunities so an element of uncertainty regarding timing of growth is normal.

Broker ratings have been drifting up with the share price!

Makes you wonder!?

£30 is clearly within reach, but then what?

You may be right; I also feel we don't have the full picture. Maybe Shell didn't entertain another partner like for Selene?!

However, the why and what the deal behind closed doors might be is still a mystery to me!!

Caesar, farm out. You might ask why that's suddenly is poss when it wasn't for Pensacola? Basically it's around size, complexity and closeness to infrastructure. It's explained in the recent updates, I believe.

So one cannot say "Labour's Chief T&oss&er, Ed M...". Censured 😀

We also have the Pharos-Blackadder discovery (33rd round) and Syros P2542. Selene is key/critical though!!

thank labour's chief ******, ed milliband, and the rest of them. little idea what they are doing; actively undermining national energy security in the short to medium term.

i'm all for a carefully managed energy transition, but i am not filled with confidence. not that the tories have done much better.

Too late for a fundraise...should have been done before Pensacola was lost!!

Now we can just wait for Selene to be drilled! Worth a lot more than current sp unless it's a bad drill!

Yes, super cycle = great! However, why copper so weak and trending down!!!