Rampy24 Feb 2025 17:00
Update but nothing actually confirmed. Memorandum of Understanding and discussions, which is what you'd expect anyway.
My takeaway is that they are pushing on at a great pace and doing everything they can bring this project to fruition
Still very early days and the big catalyst for me will be later this year when we see if they make the Government DESNZ shortlist.
If they don't make that, then the it will be an even bigger mountain to climb.
Lots to be excited about but it's important for anyone looking to invest, if (and is a big if) the gas storage licence is approved, production isn't due to start until late 2027. There will likely be natural slippage with timelines, so a realistic date of 2028.
This is a LT project, there will be trading opportunities between now and then, each time news filters out.
Anyone thinking this is suddenly going to rocket in to the multiples and stay there really need to learn the markets.
Great trade for those who jumped in last week.