hawkhead23 Apr 2018 09:04
"But not only wasn't it signed before the year end, it wasn't signed at all! "
Never let the truth get in the way of a good de-ramp
From the RNS on 6th April:-
As noted in the announcement made on 26 March 2018, the majority of agreements to carry out the MSAR� 'Production to Combustion' trial have been signed, though the continuing delay in obtaining a back-to-back trial agreement between the KSA oil company and the KSA electricity company, means that the signing of the fuel supply agreement between the KSA oil company and the refinery counterparty has not yet been achieved.
So the majority of agreements WERE signed, unfortunately just the crucial one with the end user wasn't
Maersk originally wanted it but changed their minds mid trial (which we know was going well)
KSA almost made it, just the internal disagreement between two of the parties that scuppered it
So, we're 2-0 down at the moment, but still all to play for, and 12 months in which to do it in. Sell up if you like but I'm made of sterner stuff, and am prepared to see if JGC can get us back in the game
DYOR etc and good luck all still holding