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Http://www.cgtcalculator.com
Does it all for you. It’s all I use.
All shares you buy are put in a 104-holding, therefore it gives you an average price.
Looks like AA was letting off steam before the budget. Plenty of Politicians are not happy with the W/T being extended. I thought we had walked away from the UK and were going to concentrate on Norway. No point going on about it. Labour has already said they would increase the Tax if they formed the next government.
Old news but, “I expect Mime to be a platform for growth on the NCS and I believe Mime’s management team – whose strategy and goals are aligned with ours – can help us achieve that. Critically, as well as providing us with visibility on a rising production profile over the next few years, principally though it’s oil, the hydrocarbons produced at Balder will also enable us to maintain our industry-leading Scope 1 and Scope 2 CO2 emissions in the medium-term,” added Austin.
There is also, tax relief is available on this expenditure at a rate of 78 per cent.
I’ve posted this because I can’t believe the constant selling. Do they know something that others don’t know?
The recommendation A. J Bell gave is information that is from the Kistos website. Looking forward to 2025 which is what I am doing. I expect something to have taken place before then and the sp to have turned. If the right deals come along I’m sure AA will respond. You either still have the faith or not.
Https://www.shell.co.uk/about-us/news-and-publications/media-releases/2024-media-releases/shell-invests-in-the-victory-gas-field-in-the-uk-north-sea.html#:~:text=London%20%2D%20Shell%20U.K.%20Limited%20(Shell,homes%2C%20businesses%20and%20power%20generation.
HTtps://worldoil.com/news/2023/6/28/norway-approves-over-18-billion-of-oil-natural-gas-projects/?oly_enc_id=3570E1126245E8W
Wonder if AA could be part f this?
hTtps://moram.eu/kistos-share-price/
Keep the faith.
hTtps://moram.eu/the-great-shift/
This came in yesterday, Sunday. From what I can see it's basically what we already know, tho' they again emphasise the quality of the management. I noticed the big Gas find by Shell and Dect in the Southern N/S. Any thoughts on this since I believed Shell were selling up their N/S operation?
It's almost an embarrassment. Like it or not the majors will have been into the data room and walked. This is a discovery from 2019 and the only company interested is a minnow. Not saying it's a bad deal; now the Terms are out in the open, other E&P companies may well throw in there FCF for a 25% share, or even more.
When the last liberator drill came in as another dud, Majid said, the oil must have went west, it is known as Minos High. Leave it there, it's only a prospect. I lost a great deal of money with the Liberator debacle and i3 was only saved when we bought into Canadian "producing" assets. This is where we belong. See where we go with Serenity but let's not throw money at the NS with exploration. XTO Energy Canada, which produces 9,000 barrels a day of crude and 140 million cubic feet a day of natural gas in the Montney and Duvernay formations are for sale . An excellent link up with Simonette where wells are expensive to drill. The assets may not be as cheap as previously purchased but a trade off with what we gain in the selling price per barrel. This would make us a 30k b/day company funded from FCF and a RBL. Best wishes to all
Sorry about the links not working; Pasted some of the comments:
Our best performers in this 4Q21 have been Power REIT, Kistos, Greenalia and Greenvolt.
Portfolio rotation in the 4Q21
As these drivers have not varied a lot in the last three months, in this last quarter of the year, we have not added any position. However, we have significatively increased our position in Kistos over the last 3 months, and we also have added some Golar shares after the shipping spin-out news. Unfortunately, in order to fund these movements, we have closed four of our positions. We closed Greenvolt and Italian Wine Brands where we do not have any type of exposition now. We also closed Tellurian, but we are playing that bet via long Calls. We also exited New Fortress, which we had hedged in 3Q21 and we do not expect to open a position again meanwhile Golar maintains 8.9% of its stake there.
We still think that each of these four companies is going to perform well in the future, but as stated in the last paragraph, the main driver has been Kistos, where we invest 80% of the amount obtained by selling them. We feel that Greenvolt and Italian Wine Brands are both fantastic projects with extraordinary management teams. However, inflationary pressures play against them. Greenvolt share prices had increased >60% in 5 months since its IPO. And, despite having started to build wind farms in Poland, we just thought that the potential revaluation was not as attractive as it could be in Kistos.
Kistos
Kistos has become the second-largest position of the portfolio during the quarter. We believe that it is the best option to play the structural problem that Europe has with Energy supply. The high natural prices we have had in the 4Q21 will allow Kistos to fund the entire CAPEX required to develop its business plan for the next 3 years.
We have already talked about the background of its management and their legendary 42x return achieved in its previous vehicle (in only 4 years). However, the situation now is even better as we expect TTF prices to remain high for the next 15 months (until March-23), which would turn out in unimaginable profits (Kistos has made €0.85Millions per day on average in 4Q21). And we are talking about a €400MM market cap company.
Recently, we published a Kistos detailed analysis where we explained the company and its economics. Since then, the situation in the European gas market has worsened, and it is expected that the TTF prices will be much higher than usual for at least a couple of years