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Just speculating. If we was awarded new blocks which already have geomagnetic data(or w/e technology used) to imply gas, I wonder if we could end up with much more than 2.4TCF worth of prospects PRIOR to a farm out partner being announced? CLNR's current 2.4TCF is based upon only 4 blocks, and there were blocks available directly next to our current fields. I guess it can only benefit
If Ferrier/GKP truly was supposed to provide sensitive information to the market as per the rules, why don't you just email the market and the Serious Fraud Office, and then include Ferriers and GKP's broker in the carbon copy. The thing about fraudulent enterprises - one little crack may give the S.F.O grounds to investigate further. It is something more shareholders should consider doing... especially as the S.F.O has been quite active in the Oil fraud these days...
12/12/17 https://www.cnbc.com/2017/12/12/one-dead-after-austrian-gas-hub-explosion-report-says.html Italian minister says his country will declare a state of emergency due to lack of gas supply" According to Reuters, deliveries to Italy might be most affected. Shortly after the news, Italy's wholesale gas price rose 87 percent to 44.50 euros per megawatt hour. Italian industry minister Carlo Calenda warned of a "serious" energy supply problem and said the country would need to declare a state of emergency."
Algy already said in a past RNS that the current delay was to select the "best deal", could this imply we have multiple offers? lo_cal which analysts have you seen rating 10p? I have only seen the 12.6p rating.
8/12/17 - http://www.malcysblog.com/2017/12/oil-price-sound-echo-coro-zenith-energy-empyrean-finally/ "... CFO JJ Traynor went down well with optimistic news that for every 1 TCF of gas in the portfolio the shares could add £1.50, news shareholders lapped up. ..." At the above calculation 2.4TCF = share price £3.60. Let be irrationally over conservative with that figure, and reduce the £1.50 ten times, 2.4TCF at £0.15 per 1TCF = sp of 36p - still an 18 bagger from todays 1.9p. happy with that.
@notrac What is your overall view of the neighboring distances? 15 Miles to INEOS really isn't a big distance imo. Not a ship specialist so don't know exact speeds these big ships can reach, but if they were able to achieve only 15 MPH they could transport the engineers/staff/oil/gas from INEOS to CLNR fields in around 1 hour... or just the staff on a quicker boat in around 20 minutes - Seems an ideal cost-effective situation. I wonder how long it also takes to run 15 miles of pipework on the seafloor?
Reposting for anybody curious to CLNR's license position & proximity of neighbors https://s33.postimg.org/k7xpza64f/Clnr_Fields.png
07/12/17 - https://www.scotsman.com/business/companies/energy/shell-predict-healthy-future-for-north-sea-oil-into-2030s-1-4632187 "A senior executive at Shell has predicted a bright future for the North Sea into the next decade and beyond. Steve Phimister, upstream vice president for the UK and Ireland for the multinational oil giant, said the company had no plans to sell off any more assets in the region."
Surprised about the release of that information tbh, its supposed to remain "tight hole status" My interpretation was that the results were kept secret because they were good - which allowed for BP/Premier/Pereneco more time.