Member Info for L2analyst

Latino look at the date!

Date on which the threshold was crossed or reached vi:

24/09/2021

This is good news, I think they are totally out now with yesterday heavy volume of buying, I wonder who the new institution is and remember we were up on a bad market and today dow future and ftse is positive

Done some dummy buy and shares seems to be drying up now, spread closing in

Stephen Bowler, IGas CEO, added: "We are delighted to be working with SSE as we seek to deliver this flagship renewable project for the city of Stoke-on-Trent. SSE is leading the way in developing the low-carbon assets and infrastructure required for the UK to reach its target of net zero emissions by 2050. We are also working closely with other energy providers on a number of district heat networks in other cities. Both the BGS report and the ARUP report, published in May this year, support the need for deep geothermal in the Government's energy policy for the next 30 years, but with real and tangible benefits in the immediate future. Deep geothermal has the potential to become a world leading industry here in the UK, provide a stable transition away from oil and gas, and help meet the Government's net zero ambitions by decarbonising heat on a mass scale. It would also create 1,000s of new jobs and generate tens of millions of pounds in new investment."

Igas is the uks largest onshore operator this explains why sse partnerd and others to follow

"The Group's existing operational expertise as the UK's largest onshore operator gives us the opportunity to use our existing business platform to play an important role in the UK's transition to net zero. Our sub-surface expertise is relevant both to drilling for geothermal resources, and assessing the potential for carbon capture and storage.

I dont want to sound like I'm ramping this stock, but if anyone has l2 have a look at it, it hasn't looked this good for a very long time, perhaps news soon

Seems they are getting support from all sides

"In geothermal, the Stoke-on-Trent project could be the first in a new generation of British-backed heat plants. It will support the decarbonisation of heat, move us along the path to net zero and help tackle climate change. Whilst we await the necessary Government support for the Stoke-on-Trent project, we are receiving an increasing number of enquiries from local councils and other large-scale users of heat.

Incase if anyone missed it, government is keen to support green energy companies and with the current gas prices sky rocketing things will be moving alot faster

o Constructive discussions with Government in respect of downstream financial support. In addition, there has been a geothermal Ministerial roundtable and a Westminster Hall Debate - on 'Opportunities for geothermal energy extraction.'

Looks to me seller is finished and on a clear breakout now, should see mid 20s shortly imo

Did someone just buy 145k shares at 18.45p

L2 order book looking really good now, with gas crisis now on, they did say they are talking to other energy providers for partnership

My take is shorts attacking this on weakness of balance sheet

Attack on this share price is absolutely brutal, iv never seen anything like it

Lol, you could be right!!

L2 order book looking already positive! May see 30s today yesterday I think we had shorts attack today they will scramble to close just watch

2nd half is even more positive, oil hedged at higher prices and this geothermal project got backing of pretty much everyone

In geothermal, the Stoke-on-Trent project could be the first in a new generation of British-backed heat plants. It will support the decarbonisation of heat, move us along the path to net zero and help tackle climate change. Whilst we await the necessary Government support for the Stoke-on-Trent project, we are receiving an increasing number of enquiries from local councils and other large-scale users of heat.

We believe there is significant commercial potential for geothermal energy production and the development of localised hybrid energy systems generating both heat and power."

o Constructive discussions with Government in respect of downstream financial support. In addition, there has been a geothermal Ministerial roundtable and a Westminster Hall Debate - on 'Opportunities for geothermal energy extraction.'

Results not bad at all, and I like this bit, geothermal projects to be funded by government grants, no need for placing!

"The MoU grants exclusivity to each of SSE and GTE with regard to the project for a period of 12 months with certain milestones including executing a heat offtake agreement in relation to GTE's future geothermal plant. . We are in dialogue with the Government regarding grant funding to support the project - which has public backing from the council and the Staffordshire Chamber of Commerce - to provide renewable heat to the Stoke heat network.

Yesterday's gain totally wiped out, these shares going somewhere for sure

"We are also working closely with other energy providers on a number of district heat networks in other cities.

Both the BGS report and the ARUP report, published in May this year, support the need for deep geothermal in the Government's energy policy for the next 30 years, but with real and tangible benefits in the immediate future. Deep geothermal has the potential to become a world leading industry here in the UK, provide a stable transition away from oil and gas, and help meet the Government's net zero ambitions by decarbonising heat on a mass scale. It would also create 1,000s of new jobs and generate tens of millions of pounds in new investment."