Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Ok points taken on board (didnt see your fag packet previously) ta! SS459
Yet it would seem petty to have another rejection having highlighted previous requirements which were dealt with immediately we are told which would imply to me they were minor adjustments (pun not intended)
Seems the Authorities that review and grant this ongoing laborious (sub) Licence approval has been forgotten too. Three weeks since amending application immediately to their satisfaction and yet still nowt. Hmmmm....
If it doesnt materialise this coming fortnight it never will Im thinking
I have to concur with Dodge below. His sentiments are quite so as the sp is not showing any buying pressure. because VAST/ AP are failing to produce the finished article but continually hoping and thereby leading shareholders up a merry worn path methinks with all these extended dates.
IF this Licence ever does land (40/60 cos) as I am expecting another delay due to errors and additional costs to be made the sp will I think spike for an hour maybe 1p or so then hit by massive selling fearing a placing or some form of dilution again that and utter exhaustion holding a slow burning share as this.
AP's support and reputation starting to erode more quickly I feel as each day passes and he will definitely have trouble come AGM and no Licence but indeed who can VAST shareholders turn to? Maybe thats why every mini spike is being sold into as nervous holders have started top slicing
Frustrating yet resigned to the reliability of VAST and its uneasy relationship with Romanian mining authorities. So Ive sold up a fair chunk through the day making a small profit but had enough and I expect to buy in cheaply next week( or week after God forbid) whether it be a desperate bridging finance requirement again or placing due to lack of licence. Really cant see it arriving Monday 7am
Pivotal to state the obvious as VAST runs out of money, still no licence and seemingly no direct finance without ownership of mine and definitely a waning distrust of Romania are the consequences which gather pace as each day passes and maybe of AP at worst .
Even a further delay would be highly disappointing and expensive. This time next week without a licence the sp will be much lower and so will belief in AP and gang. AP must be sh ... ing bricks because of the unknown timeframe now.
Are we facing another emergency placing? Probably as the days tick by..... So many sellers must be queuing to exit so not so sure about any significant spike now
Most posters on here I value but although the mood is generally positive Im not so . This further delay and reason to believe is a concern that may snowball as each day passes now as opposed to weeks . This L is utterly imperative now and Im not comforted by the other options listed if delayed.
Imperative the L is received within days now I feel and no idea what the sp will do meantime
The last two years when the full year results were produced the sp was pretty static as the figures are known already I guess .The tendency has been the soon afterwards an announcement is made which does cause the drop or spike!!! I am assuming of course nothing surprising is revealed of course.
Definitely RNS tomorrow and it would make a very busy weekend if the Licence was included as I fail to see why there would be a further long delay but its VAST and Romanian lethargy.
I think the sp will of course spike on news of the BP licence but not as high as some folk may think at first. I too have held VAST for what now seems an eternity and the selling will also be significant I fear. VAST in the past had a tendency to be a slow burner after the trading spree so barring any mishaps (it cant be dilution this time) and I think also on the receipt of good news following to spur the promise of VAST's true value 3p by year end would be my absolute top expectation (£165k MV) ....which would be nice!
I held AEX a year or so ago and when news came re its gas production that went from a mv of c £40m to £230m in a week (then plummeted) so its happened before as Im sure others will have similar stories to share
AP e-mailing a reply on such a price sensitive issue to one person despite knowing others have enquired? Either choosing words carefully in which case its a fudge response coming or seeking a date extension with reasons. I have never known a CEO stating publicly via a reply that a RNS is delayed due to wording issues in a forthcoming RNS with the Nomad before its issued to a shareholder or holders.
Clearly not received the Licence approval so I suspect as AP is in daily contact matters are still in limbo still.
Why isn't the BP licence still not on the ANRM website pending approval list ? Baita SA has a few in the Bihor region but nothing looking similar to BP still I'm assuming its not on those agendas .
On the plus side should the disappointment get a fever grip and cause a cliffdrop by end of week its a deffo buy for me again.
Just popped in. AP seemed confident and so if he has the finger on the pulse with the diabolically slow Romanian authorities the L will be granted I assume this week. If it isnt he clearly has not got the understanding of processes nor any favourable expedient actions by ANRM which is worrying after all this time, effort and expense.
If there is a delay or additional info sought I would have thought AP would know by now and an RNS would have been issued before now. So..... maybe I shall add just a few more later and hope AP isnt being taken for a merry ride
Portland needs to be commercial hence the care and non rush with the well though not fully understanding more perforations? Nevertheless a thumbs up for Portland will undoubtedly spur the hope for Kimmeridge and of course the higher the Portland production even though its a disconnect with K1and K2 will I think cause a huge spike. However I still am of the thought Portland will be a modest bopd.
Just thinking out loud and hoping for the best as is SS
Agree with earlier posts that some of the ramping (and undoubtedly de-ramping) have gone beyond belief somewhat and only the RNs updates along with the excellent footage from the twitter support is keeping the shareholders better informed. In saying that some of the twitter followers go beyond exuberance stating Portland could be up to 700bopd whereas the last two UKOG updates have clearly stated 450 approx are only the short term readings and no way represent the expected daily production indicating to me and for the longevity of the Portland reservoir the bpd will surely be between 70/200 bopd or have I read that wrong completely?
Should the Portland be confirmed commercially viable (70%?cos) then a spike but only to drop within the day I suspect once the bopd figure is digested if it is lower than expectations but 2p should be held I hope once the Kimmeridge is then worked on with the hope . Only my thoughts.
Fair points by all there. Maybe tomorrow some activity but Im deducing all the oil has been transported out and an rns due on Monday perhaps albeit if the company is changing to producer from investor what a calamitous misjudgement that would be if commerciality fails to be achieved. Either super confident as some have mentioned before or an alternative plan B will be hatched using the raised capital. Again thinking out loud to buy SOLOs or DORs interest as it would be dirt cheap and persevere on in the hope a future well would prove succesful
On a different random thought if it is a success the £2m raised for opportunities will not buy much if the Weald is found to be a Bakken!! It would be used for more wells I guess though UKOG would be t/over for sure . If its a failure that indeed could be used indirectly as a salary prop Im thinking though he maybe forced out at the AGM maybe.
You just have to wonder what SS is thinking right now and the workers bound by a 'shut yer gob' clause cany even talk to the tanker drivers incase.... Nervy times for holders if no update very soon even if its not a definitive missive but one is needed next week early with the change of mandate.
UKOG sort of predicted 2.10 by 1/8 in their RNS I wonder if that will happen ? If it does then I am of the thought what an amazing coincidence....
Is it just me but why is HH quiet today with no sole around seemingly? Ominous or just that its tools down day?
If there is still an absence of an update on Monday Id like to think at least one tanker arrives by Tuesday. Appreciating flows will be restricted as per last RNS but its hard to assess what is happening now. I am not totally convinced with the HH twitter feed as a lot of the photos are duplicated and yet the derampers are pretty obvious on here. Only 4 tankers to date I doubt any have been missed.
Absolute no chance of a t/o here unless oil including Kimmeridge is gushing commercially much later on if it does?
This to me is make or break for UKOGs future. even if Portland is commercially viable the deeper wells need to be as well (accidental pun) . If not thats clearly why SS has gone for such dilutions recently as there will be no chance if all fails to raise cash thereafter.
Also not much can be said about all the data and siesmic work done either if nowt can be extracted profitably so even those involved will be considered inept methinks. A lot of reputations relying on success as well as money.
Here's hoping for t he word commercial x3
IF it is the buying out of DOR HH holding/licence using cash and shares at least there is money at the ready and that any new shares will be Im sure have a lock in clause so cant be sold on the market for some time to come.
However it is pure speculation and only UKOG seem to know if it is worthy of spending more even before the full EWT results are complete. Equally DOR are they that desperate without waiting for results and just want to offload?? Who knows I certainly dont its all guess work but the dive in sp seems to indicate to me more shares are to be issued.
showing all the likely trends of more shares coming into the Market very very soon (Monday) and I reckon its for DOR share in HH (6.5% ) and maybe SOLO which would both give UKOG a 48% interest plus the £2m
OR and this is a speculative punt as well but the recent change in status from investment to operating company in oil and gas clearly states in the said statement that its mc is around 2.30/ £120m approx so the Market is adjusting to what UKOG reckon its worth presently.