Member Info for johndean

26.65 not 26.45

Four sedimentary basins likely to hold 22 billion barrels of oil: S&P

Four largely unexplored sedimentary basins—Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan—are estimated to have hydrocarbon potential of about 22 billion barrels of oil equivalent, S&P Global Commodity Insights said on Monday.

Recent findings by global exploration companies in the North-Sumatra Basin, which lies in Indonesian waters just off the Andaman and Nicobar Islands, have made the Andaman Sea a focal point for frontier exploration, S&P said.

Over the past three to four years, global exploration companies have increasingly focused on deepwater and ultra-deepwater areas in pursuit of major discoveries, S&P said, attracting attention to the four category-II and category-III basins in India. The recent findings by Harbour Energy and Mubadala in the North-Sumatra Basin have made the Andaman Sea a focal point for frontier exploration, it added.

Oh no not zac mir ffs

Of buy backs, pay a dividend or a special

Polarean Raises $12.6 Million in Oversubscribed Financing Round to Accelerate XENOVIEW™ Commercialization and Strategic Growth Initiatives

20/06/2024 2:15pm

GlobeNewswire Inc.

Polarean Imaging (LSE:POLX)

Intraday Stock Chart

Thursday 20 June 2024

Click Here for more Polarean Imaging Charts.

Polarean Imaging plc (AIM: POLX) (“Polarean” or the “Company”), a commercial-stage medical device leader in advanced Magnetic Resonance Imaging (MRI) of the lungs, announces the closing of a $12.6 million oversubscribed financing via the Alternative Investment Market (AIM) of the London Stock Exchange. The fundraise was co-led by strategic investors NUKEM Isotopes GmbH and Bracco S.p.A., in addition to support from other existing and new investors.

Polarean intends to use the funds to accelerate progress across multiple key strategic growth initiatives:

Build and expand Polarean’s commercial team and infrastructure, targeting top-tier academic medical centers in pulmonary medicine and radiology across the U.S.

Continue to broaden reimbursement coverage

Lower the minimal indicated age for XENOVIEW™ from 12 to 6 years old, and plan for an adult clinical trial to enter into broader clinical applications by expanding indications to include alveolar gas exchange and pulmonary-vascular hemodynamics

Fund continued development of enhanced versions of its XENOVIEW polarizer and additional imaging software products

Support efforts to strengthen current partnerships and pursue additional collaborations to amplify the adoption of Polarean’s pulmonary imaging platform

Polarean recently received its next de novo order of a XENOVIEW polarizer from the University of Alabama at Birmingham Hospital, a top-tier academic hospital in the south-eastern region of the U.S. Polarean will work closely with them as well as other healthcare institutions with clinical-grade polarizers to help develop a strong Xenon MRI program to advance pulmonary imaging.

“I am delighted to have secured this financing for the business, which will help us accelerate the commercialization of XENOVIEW as well as drive other key strategic initiatives forward, including driving utilization at our existing customers, growing our userbase, broadening reimbursement coverage, expanding our total addressable market, and further develop partnerships,” said Christopher von Jako, PhD, Chief Executive Officer of Polarean. “Clinicians and healthcare providers in the U.S. are increasingly recognizing the potential of XENOVIEW to help address the urgent unmet medical needs of those living with chronic respiratory disease. I would like to thank Bracco, NUKEM Isotopes, and all our shareholder base for their continued support towards our mission to impact the lives of these patients.”

H-Power Generators come to Kenya!

Through our regional partner TAMGO, AFC Energy’s H-Power Generators are today being marketed to the Kenyan offgrid power market for the first time at TAMGO’s Kenyan Customer Expo.

With such high ambitions for hydrogen in the African market, Kenya offers an opportunity for first mover advantage in the transition to sustainable offgrid power.

We are proud to be working with TAMGO - The Machinery Group LLC. as a market leading plant and equipment dealer in the MENA region.

Online supermarket Ocado (OCDO) has suffered a humiliating demotion from the UK's blue-chip index, but Morningstar analysts point out the company is significantly undervalued, and that its core business thesis is still sound despite high levels of uncertainty.

Once a darling of the UK stock market, Ocado shares have witnessed a protracted fall from grace since February 2021, when the pandemic was causing huge – and initially beneficial – disruption to shopping in the UK. Its booting from the UK's largest index begs now questions for the fund managers who celebrated its rise, but also directly impacts passive funds tracking the FTSE 100. The latter will now have to automatically sell the online grocer.

Key Morningstar Metrics for Ocado

• Fair Value Estimate: £9.20;

• Morningstar Rating: ★★★★★;

• Morningstar Economic Moat Rating: N/A;

• Morningstar Uncertainty Rating: Very High.

Why Has Ocado Been Demoted From The FTSE 100?

At a market capitalization just under £3 billion, it's no longer valuable enough to make the cut. Ocado shares currently trade at £3.53, compared to a £28 peak at the height of the pandemic. So far in 2024, they have fallen a whopping 52.18%. The numbers also look negative over longer time periods. Over three and five years to 5 June 2024, shares have dived 81.2% and 68.2%, respectively.

"This underperformance is due to intense competition in the UK grocery market and a cost-of-living crisis, which traditional brick-and-mortar supermarkets were able to manage more effectively," Morningstar director of equity research Ioannis Pontikis says.

The resulting falls in Ocado's share price mean that its market capitalisation (the value of its shares multiplied by the number of shares on issue for sale and purchase) robs it of its status as one of the UK's 100 biggest companies.

Ocado has been slow to make good on proposed business deals. The biggest of its tie-ups – with premium clothes retailer and food distributor Marks & Spencer (MKS) – appears to be benefiting the latter more than the former. Over the last 12 months, shares in M&S are up over 65% to £31.00.

The pair is also yet to agree on the final payment M&S owes for its 50% stake in Ocado Retail, which it bought in 2019. M&S has argued it should not pay the remaining £190 million it originally owed Ocado because the business has not hit certain performance targets. Ocado chief executive Tim Steiner is now threatening legal action.

Twin headwinds of a cost of living crisis and the return to normal shopping have weighed on Ocado's prospects. After peaking at 14% of all shopping activity in 2021, online ordering has since reverted to its pre-pandemic norms of 11% of market.

Fair Value Estimate for Ocado

Assigning it a 5-Star Rating, Pontikis says Ocado is significantly undervalued and represents a buying opportunity for those willing to keep the faith in the power of technology, and specifically its proprietary p

Jonathan Leake

Sat 25 May 2024 at 8:00 pm BST

The 'UK continental shelf is finished' should Labour deliver on their promises

The 'UK continental shelf is finished' should Labour deliver on their promises - Igors Aleksejevs/iStockphoto

The looming early election threatens the end of the North Sea oil industry, according to experts, with Labour’s threat to extend the Government’s windfall levy set to hasten the sector’s decline.

Analysts said a likely victory for Sir Keir Starmer would prompt operators to give up on British waters, meaning some of Britain’s biggest oil and gas reserves may never be recovered.

“If Labour deliver on their promises, the UK continental shelf is finished,” said Ashley Kelty, research director at Panmure Gordon, a leading investment bank.

The future of the North Sea oil industry was thrown into doubt in 2022 when the Government imposed a windfall levy on the profits from oil and gas production that took total tax to an eye-watering 75pc.

Labour has pledged to add another 3pc, along with banning new drilling and, perhaps most damaging of all, stripping offshore companies of the tax breaks they get when investing in new fields. The plans were confirmed by shadow chancellor Rachel Reeves at a meeting last week.

Many operators are already moving investments overseas, including Serica Energy, one of the top 10 UK producing oil and gas companies. It operates 11 fields producing the equivalent of 46,000 barrels of oil a day.

David Latin, Serica’s chairman, said: “Government policy for the UK upstream sector has been erratic for decades but it’s become even more arbitrary and short term. That’s forced us to focus more on finding investment opportunities overseas instead of the UK in order to be resilient against future unpredictable shifts in UK government policy.

“Analysis suggests that if Labour’s rumoured tax plans are implemented, investment in the UK oil and gas sector will be reduced by £20bn over the next 10 years, which would result in UK production being halved compared to what it would be otherwise.

“That lost production will just be imported. The result will be less UK jobs and tax revenues and higher global emissions.”

Another offshore operator, Kistos, said it had “walked away” from two recent offshore investment opportunities because of uncertainty over the next government’s plans.

Kistos has assets in Norway and the Netherlands as well as UK waters, and executive chairman Andrew Austin said it was now looking overseas for future investment.

He said: “We are not going to invest in UK waters under the current level of fiscal uncertainty. I have already walked away from two investment opportunities.”

If a Labour government were to carry out its pledge to ban new drilling, then the oil and gas in Cambo field, Britain’s biggest unlicensed resource, is likely to never be recovered. The controversial Cambo field has a potential yield of 200

Https://news.sky.com/story/ftse-100-housebuilder-persimmon-weighs-1bn-bid-for-rival-cala-13142797

Are existing holders able to buy the offer at 1p

Zeuscapital.co.uk/exclusives/3775982199/

Https://uk.finance.yahoo.com/news/union-backlash-over-labour-plans-173405308.html

The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.

Chevron said that it had decided to leave the region following a review of global operations to determine “whether assets are strategic and competitive for future capital”. The company insisted this was not connected to Britain’s tax regime.

It came a day after Mr Hunt rejected calls for respite from a windfall levy that has driven up the tax on oil profits to 75pc.

Industry leaders told Mr Hunt that there was “one last chance” to halt a “catastrophic” decline in investment in UK waters that risks reducing oil and gas output by at least 50pc by 2030.

However, the Chancellor is understood to have made no promises to change tack – pointing out that Labour’s threats to increase the windfall tax by another 3pc and to cut investment allowances should they win the election, were the key deterrent to investors.

5k was a buy, in wrong column

How is Israel the protagonist, or is it that you hate jewish people, id like to see what you would do if your family is raped murdered etc

They drop the sp, try buying,you cant!

Who gets to benefit from this, lawyers, the end user will get 30 per cent of any claim just like ppi

Alliance News) - Millions of claims could be lodged by UK drivers who may have overpaid on their car finance, as the emerging issue has the potential to be "on par" with the PPI scandal, a consumer compensation expert has said.

The UK's financial regulator is currently reviewing whether people could be owed compensation for being charged too much for car loans.

It is looking into hidden and unfair commission arrangements on loans taken out between 2007 and 2021.

Simon Evans, the boss of trade group the Consumer Redress Association, which represents claims management companies, said that people are likely to have bought more than one car during that period.

This could more than double the number of claims that come through.

It comes after consumer expert Martin Lewis revealed earlier this month that 1.1 million people had submitted complaints through a free tool on the MoneySavingExpert.com website, which he founded.

He described the number of complaints as "staggering" and suggested that car finance mis-selling could be the "second biggest reclaim payout in UK history" after the PPI scandal.

That saw UK banks pay out billions of pounds in compensation to customers who were mis-sold personal protection insurance from the mid-1990s.

Evans suggested that the scale of those affected has the potential to be "on par" with PPI.

"If you think about the number of people who have bought cars in the last decade-and-a-half, there is a swathe of people who will have bought it in that way," he said, referring to the discretionary commission arrangements.

"What we are seeing through our member firms who are engaging with consumers at the moment is that actually each person has an average of about 2.3 claims.

"So they have had two or three cars in that period and all of those qualify for a claim."

This is likely to cause a "large headache" for car finance companies, Evans said.

But he added a "note of caution on the good work Martin Lewis is doing", suggesting that while many people will have downloaded the template complaint letter, it may not mean that they will all have taken the next step of sending it to their lender.

Meanwhile, the chief executive of the Financial Conduct Authority, Nikhil Rathi, recently downplayed comparisons with the long-running PPI redress.

He said he did not anticipate the car finance issue "playing out as PPI did", partly because the watchdog has intervened earlier.

Lloyds Banking Group PLC, which owns Black Horse, the UK's largest car finance lender, said last month it was setting aside a provision of GBP450 million to cover potential costs related to the FCA's review.

That includes the potential compensation for consumers as well as administration costs in dealing with complaints

Alliance News) - Millions of claims could be lodged by UK drivers who may have overpaid on their car finance, as the emerging issue has the potential to be "on par" with the PPI scandal, a consumer compensation expert has said.

The UK's financial regulator is currently reviewing whether people could be owed compensation for being charged too much for car loans.

It is looking into hidden and unfair commission arrangements on loans taken out between 2007 and 2021.

Simon Evans, the boss of trade group the Consumer Redress Association, which represents claims management companies, said that people are likely to have bought more than one car during that period.

This could more than double the number of claims that come through.

It comes after consumer expert Martin Lewis revealed earlier this month that 1.1 million people had submitted complaints through a free tool on the MoneySavingExpert.com website, which he founded.

He described the number of complaints as "staggering" and suggested that car finance mis-selling could be the "second biggest reclaim payout in UK history" after the PPI scandal.

That saw UK banks pay out billions of pounds in compensation to customers who were mis-sold personal protection insurance from the mid-1990s.

Evans suggested that the scale of those affected has the potential to be "on par" with PPI.

"If you think about the number of people who have bought cars in the last decade-and-a-half, there is a swathe of people who will have bought it in that way," he said, referring to the discretionary commission arrangements.

"What we are seeing through our member firms who are engaging with consumers at the moment is that actually each person has an average of about 2.3 claims.

"So they have had two or three cars in that period and all of those qualify for a claim."

This is likely to cause a "large headache" for car finance companies, Evans said.

But he added a "note of caution on the good work Martin Lewis is doing", suggesting that while many people will have downloaded the template complaint letter, it may not mean that they will all have taken the next step of sending it to their lender.

Meanwhile, the chief executive of the Financial Conduct Authority, Nikhil Rathi, recently downplayed comparisons with the long-running PPI redress.

He said he did not anticipate the car finance issue "playing out as PPI did", partly because the watchdog has intervened earlier.

Lloyds Banking Group PLC, which owns Black Horse, the UK's largest car finance lender, said last month it was setting aside a provision of GBP450 million to cover potential costs related to the FCA's review.

That includes the potential compensation for consumers as well as administration costs in dealing with complaints

Still to receive dividend from hl