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JOKingU Without a flair stack you would be unable to test the volume of gas being produced. The gas from a well is not permitted to be vented into the atmosphere without first burning it. Could be wrong so DYOR.
Nice finish hopefully a few more next week.
Agreed we need the LOI forget other projects until this is up and running and finance is secured anything else to me is just a distraction.
zzzzzzzzz!
BigcheeseF If your unable to it into an ISA another thing you can do if your trading acct. is in just your name you could add your mrs or partner and make it a joint acc. that way you can both claim the CGT allowance.
ffs Sick and tired of this thread. Lets concentrate on the Thar project the reason most of us are here time to bin this distraction for good.
Caterham7 Have to agree with you our sole aim should be to get Thar and finance up and running. How do we finance another project? The Sheikh may be many things but he`s not Father Christmas. Ijust see this as unnecessary distraction be it intentional or not. I hope it`s the latter.
In respect of the £1,040,000 deferred consideration element of this transaction, the Union Jack Board has initiated discussions with third-party financing providers to evaluate a range of debt financing funding instruments for payment of this aspect of the Acquisition due on commercial oil production being established. Wressle is an attractive, low-cost, low-risk conventional onshore hydrocarbon project under development with 2P Reserves and considerable 2C Contingent Resources present within the *****tone Flags formation. The Board has been advised that a project of this nature with reserves and cash flow lends itself to off-take financing from production and anticipates that it will have the opportunity to choose from such an instrument and a range of other favourable debt structured finance options without recourse to equity-based financing.
mufcm Good choice.
keeptofacts`one does need to ask the motivation though.` You could aim that barb at anyone posting on any bb be it pro/con i like like to read their content with an open mind and judge it in the same way.