Member Info for Jim800

Yep - RNS issued at 2130.

Guess the extra 2 weeks over last year is because the numbers are so much bigger 😀😀.

mannnan - your post from 30 jan. if it’s not true then it’s you making **** up 😀

“i did topped up this morning at 0069 i decided for another but price increased will wait and see”

Read back a few pages and either believe the realism that things won’t get better until Oman comes on line or Genel join the export deal or the blind optimists (though they seem to have gone v quiet lately). 😀😀

And US looking to close up 2% on decent volumes.

A far better than expected end to the day.

Roll on exceptionally good trading update next week.

You’ve been expecting a huge rise since you bought in at 0.07 in late Jan.

Can’t beat blind optimism as an investing strategy. 😀

Or a leak of next week’s results?

Or a realisation that the bond issue was actually for corporate purposes to help cashflow?

I’d rather another acquisition than either of the above.

Apple News says 17 Feb for 25 earnings report (not full accounts which will be towards end of March as per Worya’s post).

Trading and ops statement for 2024 was released 11 Feb 25 so I guess any day now.

What DNO actually said:

OSLO, Feb ⁠5 (Reuters) - ‌”Norway's DNO, ⁠the largest oil producer ‍in Iraq's Kurdistan region, ‍said on Thursday it was ⁠considering joining an agreement that allows companies to ​export Kurdish crude via a pipeline to ‍Turkey.”

Not sure how they can have a target price of 780 but rate it a hold when share price is over £8.40.

You’re sounding a little emotional.

Let’s see in a few months 😀

Thanks - wonder which is most relevant to Diversified sales / futures prices?

Mr G - where are you getting your figures?

CME shows HH gas up 7% today to $3.8 - a big difference to your figures.

The contracts may or may not be imminent - they don’t exist yet - hence the RNS wording.

Who else, given the choice of BP, Rosneft or EQT would choose the failing minnow with the horrendous track record? 😀

Happy pump and dump

His money?

From Jan RNS

“The Company confirms that its lenders are supportive of the strategic broadening outlined above and that it is in advanced discussions with them regarding a comprehensive restructuring of the Company's existing debt facilities with the objective of materially deleveraging the balance sheet, improving liquidity and aligning the capital structure with the Company's focus on developing a complementary near-term cash-flow profile alongside its longer-term growth objectives.“

He knows so much about the company he’s changing the name! Wonder why 😀

Broom - as he said it’s “ self justification or low esteem or both.” 😀

What’s he putting his money behind? The non proven EQT technology or a new venture trading raw materials?

If the former - it ain’t going to work!

If the latter why not just form a new company and ditch all the historic baggage and failure. It’s not like EQT has got any goodwill anywhere.

Dear all,

If you’d rather have facts than random speculation, log onto Investor Meet and see what the company says about: chance of foreign sales via ITP, progress on arrears payback, years until Oman is productive and a reiteration that there is no dividend incoming until geographical diversification is complete.

GENEL ENERGY PLC will be holding a Q4 2025 Trading and operations update meeting on 28th Jan 2026 at 10:00am GMT.

Have you missed every shareholder presentation where borrowing based on hedging was clearly explained as the way Diversified were going to expand in the early days?

Don’t like the strategy? Invest elsewhere - it’s showing no signs of changing.

I’m not saying it’s the optimum strategy but it’s the one clearly espoused repeatedly and part of the investment decision.

I never mentioned September! Are you disputing that future hedges agreed when daily prices are high are likely to be higher than those set when daily prices are lower?

Let’s wait and see 😀

Why will the hedges “be hurting.” They were set some time ago to cover expenditure and provide sufficiency profit to pay debt and dividends at a minimum. The spot price today doesn’t impact that.

If you mean there is a lost opportunity between today’s spot price and today’s received lower hedge price (set months or years ago) then yes, of course there is - but that is the company strategy. Certainty vice periods of loss and higher gain.

Today’s higher spot leads to higher future hedges so there is a benefit, it’s just delayed.

Feb figures will give us more info.