Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
methinks as the sp is taking a good hammering since the RNS yesterday. So what I think is brewing is that after the surprising results were known and with the extra £2m in the kitty (and maybe with DLs twittering ..should it be him of course) anoffer for DORs 6.5% is on offer via cash and clearly UKOG shares again maybe at 2p the way the sp is dropping. In saying that maybe SOLO but leaning towards DOR.
Thats my assumption but all will come much clearer on Monday. Have to say Im not convinced this is purely profit taking by the placees of late.
Indeed the SR should be over now having started in April ! The IPPC is now being reviewed having been received only last week with all the relevant questions answered. Assuming staff shortage and snail pace administration takes hold a solution to ASTs weakening situation is up in the air. It is therefore the IPPC outcome that I think is holding up the deal.
You just wonder what the low ball offer possibly was if there was one floating around but being declined presently until IPPC sorted ? Should that be refused I think 0.75 at this rate and the fact PG11a is now a permanent misfiring well methinks it s not great for AST.
Im a Scot too but wish England well in this match. Afterall Croatia in their 5 meetings with Scotland since 2000 have never beaten us despite their much higher ranking so should be easy tonight !
At least AST is making a profit each month...Im told by CH
At the placing price as thats what its valued at presently so no real surprise there.
As for the earthquakes local geologists and siesmologists have confirmed the tremors are natural which is a given considering HH has had no fracking for over 2years and its a crane assisting with flow tests which is still being finalised.
As for the placings, well with the sp shooting up to 2.80 on Monday it comes as no surprise the opportunity was taken as a safeguard for future funding. The second surprising placing was poor indeed and probably was provided to an investor who missed out and concealed as additional funds for other Weald interests albeit we shall see if that is true soon enough. Not convinced about some short going awry.
Probably go lower tomorrowthen stagnate around 1.95/2.00 unless news hits in the morn.I reckon
it was on the cards! I'm no expert but when the ff was getting less and less despite the artificial lift assistance as I kept banging on about today's news comes as no surprise. I have a sneaking suspicion a few experts on here also exited methinks.
Bit of a long wait now I think still UKOG remedied my small losses here in two days!!
I have sent a couple of e-mails to CH using the ' info3' contact address but as yet no reply. he used to be quite prompt with a response but nothing now. Now this lack of response maybe because the forthcoming production update is due next week hence no reply and/or unable to discuss due to dd beig undertaken...still. Alternatively he just is ignoring questions and trying to rescue a fast sinking ship.
Its imperative that 11a well is working satisfactorily albeit he tends to break bad news in the updates! As for the IPPC seems that has become a complete debacle with no recourse.
Well I made some money in the past with 88e and now today made a loss and angry with myself for not selling on Monday/Tuesday as you could see the sp would not budge above 1.92sh. Returning to 1p seems more likely than 3p short/mid term .
Resigned to the fact this unconventional attempt has certainly not gone to plan and a further winter shut in seems highly likely with only 24.4% ff extracted despite artificial aid. I took the wording of the RNS conveying utter fustration and disappointment from the Board and a complete strategy change now brews which has made me bail for now.
Good luck to more stoic holdersj
freefall on 26million??? Panic and/or someone has been on social media maybe. Whatever, whoever has caused a cliffdrop in just two weeks and getting lower panic well and truly set in protecting profits etc. Is this going to see an almighty rebound? Not yet I think until as I said commercial oil is actually stated in the RNS and still early days for that .
If this does turn out to be a fail then someone got wind earlier on than the p.i I am starting to think. This is a remarkable capitulation almost 50% since two weeks ago or so. Im convinced with another indecisive/vanilla update come Monday spouting water extraction percentages and this will be priced in back to winter shut in irrespective of 'all is well' vibes from the BoD Extraordinary turn of events
If the Market gets another update informing that the removal of ff has barely moved and/or the target has still not been reached its inevitable methinks the sp will tank further due to the usual knee jerk reaction. So the next update better be positive without a glib just simply (slowly) going to plan though for the confident or foolish could be a top up opportunity which I will exploit for sure. Yes I probably am foolish
If the minimum target of 30% has still not been reached I think it will be' tin hat' time again next week. Process is too slow for a lot of AIM investors particularly when other shares are showing rocket tendencies. Hopefully the word oil is mentioned more than water in the next update which would be comforting
8th June 11 days ago since then nothing for investors to get excited about. All going to plan is good but the sp is being punished due to impatience of many and lacklustre updates.Lots of technical jargon being banded about but words such as water and below targets set doesnt read well Clearly no one expected such a drop and I doubt anyone will try the catching knife bargain buy whilst confidence has gone and the sp drops every day . At least bargain hunters can buy at a much lower price if oil flow is declared commercial We will know in another 11 days maybe
So it seems albeit hardly a panic sell off but confidence gone its now purely commercial oil to be declared. These all going to plan missives are just not what traders want nor the wait sadly. Two more weeks removing the water and propant may just push the sp back to 1.50 or lower If we get another ANN next Monday quoting barrels of water and still below 25% target. Only been about 7 weeks since the placing and already placee investors under or are bailing. Not exactly going to plan but bot much the BoD can do whilst crossing their fingers and relying on various geology readings. Pivotal
Everything going to plan and nothing untoward however with the continued exclusion of oil (not condensates) the sp will drop as it has done. I am estimating we will get another update mid next week but i doubt the 30% min target will have been met even then as caution is needed which will be disappointing nevertheless and further drops. At least IF 88E is successful traders/investors will be able to jump on the rise whilst still in the 2p range which I wasnt expecting at this stage. We need the words commercial and oil in one sentence now. That is the bottom line hopefully by month end
Thanks for your comment cat.. off topic pretty sure you need to lose the O and add it to the to (much) as in too much. Island Girl that's my earlier quote and yes failure is now being priced in as nerves strangle the sp. Roll of the dice despite the research...sub1p for sure on failure or4p + success (13p only if 300+ bpd achieved!!!) GLA
Interview was very upfront and honest though did not fill me with renewed confidence basically outlining what we have all witnessed over last month. So it will be weeks (he said weeks) before the pivotal decisions and future of 88e will be known for sure. Noted that although not all 88e 'eggs' are in this IW2 play they pretty much have most in that basket as the other projects do indeed serve as back up/support but also whether investors will trust 88E again if the IW2 fails. Personally I think 88E will be a success but if at worst more water than oil is produced= disaster and obscurity thereafter Or just 40/80 barrels = disappointment and deflated sp maybe unless hint of increasing Or Success over 100 bpd in which case 4p+ GLA and 88E it certainly is pivotal
And the fact as yet few buyers coming in bargain hunting so again the price will continue this cliff drop as failure is seemingly the stronger bet even though the frac waters are being initially removed. Im of the thought the poorly worded RNS as significantly caused this drop to gather momentum.
Not good something must have been said or seen for this doubt and loss of confidence. Failure almost being priced in now. Still on the plus side lower entry price if even partial success. No RNS Monday and take a guess at a further significant drop. Gulp!
Despite the minor recovery in the last few minutes the fact that this sp is being dumped is not great. That last RNS was a tad depressing for the layman such as me and I still ask what was the point of it as most knew what was happening and now with that clumsy missive the wait has exaggerated the anxiety and doubt. That and other shares are being pumped which isnt helping here. The only good thing presently is that should 88E be succesful with IW2 investors can get in at a much lower level than expected after the fortnight ago highs. The next RNS hopefully will have strong traces of hydrocarbons mentioned or I fear a long cold summer