Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Can't help with start dates or completion dates but here's a couple or three videos with an update on what is happening.
Interesting that Plot10B is being cleared, particularly at this time of year, which suggests that construction work would need to start as a close follow on, or the site will return to undergrowth before the end of summer, and would need to be re-cleared.
The footpath/bridleway adjacent to Plot 13 is being closed for "Dangerous Work" to proceed, which may suggest that the Enviroo site may see some work commencing, (but nothing to support this on their website) OR , may favoured theory, it just could be in relation to connecting the new sub-stations to Plot 10B, with the necessary infra structure.
It does appear that preparations are taking place in readiness for the eventual Planning OK for the Plastic Park, so then it could be "cracking on" time.
Public Notice - https://www.youtube.com/shorts/LtRxS044Jtg
Bridleway Effected - https://www.youtube.com/watch?v=gbSgKgqJCNI
Plot 10B - https://www.youtube.com/watch?v=aRelxHI9UhI
Surfer9:
I'm guessing your buy could have been for 39251 shares @ 5.08p.
Check out: https://www.lse.co.uk/ShareTrades.asp?shareprice=PXEN.GB.PL&share=Prospex-Energy-Plc
I often forget to check out the aquis exchange for trades.
I think we can anticipate that things could get even "nicer".
Steady increase in sp recently which should should increase as we head towards month end, as the QTR end (April-June) income figures for El Romeral should be reported.
With moving from 6 day to 7 day production, QTRLY figures of approx 1.75m Euros should not be a surprise, all things being equal.
MJ Allen:
The change in approach to the financing of Plot 10B has been my concern for several weeks now, ever since we didn't get a "state of play" update from PDD in a few weeks of taking up his position. i.e. there were some serious deliberations taking place regarding how Plot 10B would be progressed were taking place in the background. Hence, I significantly reduced my holding in PHE until we have a lot more transparency.
I suppose there are many issues to resolve if a change in financial approach is being considered, particularly within the detail of the agreements with Peel NRE and with particular regard to how the income streams would be disected.
Notwithstanding this, if a placing to fund the other 50% of the development of Plot 10B is dropped on shareholders, on balance, I think it may well be received as good news (as the tone of your post suggests), and could be well bought in to by investors, as this would clear the path going forward and remove the immediate dependency on Peel in the short term.
IF it is being considered, the decision may hinge on any further delays on Peels Planning application and whether Peel are approaching the funding of the Plastic Park development as a whole, or on a piecemeal basis which would dictate the pace at which Plot 10B could be developed.
All this is now set against the backdrop of HUI's move into Ireland and which opportunity best meets PHE's need to develop the FOAK. You never know, it could happen in parallel and we have TOAK.
Dr.A - Cheers, but a fair question without a fair answer (which isn't your problem) stokes my cynical side. May be worth querying it with AB/HW, if you get chance.
Robertz: If you are referring to anything going on at Plot 10B that indicates the project will be up and running "soon", then the answer is no, from my last visit to site about a week ago.
New access road to the plot finished, but that was about it.
DR.A:
Why cant AB & HW just approach PDD with the JV idea and see where it can fit in the upcoming strategy?
Canvassing shareholders up front comes across as they want to apply pressure to PDD and that then begs the question why ?
Is it that the comms between AB/HW and PDD are as poor as PDD and shareholders?
Something suggests that there are some strange under currents here...................... or it could be the cynical me.
Gazza: Exactly.
We need transparency around what is happening at the moment with regard to Protos, Clyde, Manchester etc. and PHE's true relationship with HUI and where they fit in HUi's plans, before we go throwing more options onto the table, IMO.
Been pondering the recent developments with PHE this morning and I'm struggling to get a clear picture as to what it all means, which I suppose, is to be expected with such a vague RNS and note to shareholders.
However, my initial thoughts in note form:
- PDD has been pushed into communication with shareholders either from discussions within the company or by sp action
- PDD did not manage shareholders expectations, which could have been achieved by an email or newsletter a couple of weeks into his appointment, by saying that when he has a full understanding of PHE's situation and plans for the future, he would provide a full update
- As Seaflat said, "shortly" and "near future" are not 3months away i.e. AGM, so I anticipate some news earlier than this
- Still engaged with Peel and Protos, researching partners etc. but "applying learning from Company's prior experience" does suggest a change of approach, particularly when coupled with "setting out an evolved business model".
Does this suggest PHE pursues with Protos with peel as a partner, but the exclusivity for the UK is being re-negotiated, with other partners to be sought out?
- "showcasing across international platforms" , is this reference to partnership with HUI, or does PHE intend to promote the DMG in parallel to HUI's business development?
IMO, PDD's initial approach to shareholder interaction has not been good, but the key thing here now, is absolute transparency around PHE's plans with Peel NRE and it's strategy going forward for the UK and internationally.
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Piltick: completely agree with your 13.08 post, particularly with regard to lack of update from our new leader, as it is now pushing 3 months into his tenure without any formal update. The length of time for the update has concerned me, to the extent that I significantly down sized my holding in the high 2s.
IMO, if it was a straight forward "state of play" appreciation, that PDD needed from the PHE and Peel NRE guys, to clarify exactly where everything was at and the plans for progress, we would have had an update a few weeks into his leadership.
As the lack of update drags on I'm wondering whether a more significant update is on the cards, particularly around how the development of Plot 10B is to be financed, which has given me a few jitters.
In the fullness of time all will be revealed no doubt.
Nothing on the agenda for May 10th Planning Meeting re: Plastic Park. Not surprising really with the outstanding issues that have been raised by Natural England, and as yet, no response has been logged on the Planning docs.
After a saunter down to Plot 10B on Protos just a quick update on progress at the site.......
Yep, nothing to report.
Excellent update with increasing revenues from EL Romeral. Looking at the numbers the revenue for March calculates at 498386 Euro, pretty much bang on estimate. Loans repaid with 600K euro cash in hand and April revenues to look forward to.
I would anticipate a Tuesday RNS with the April figures and with 7 day running rather than 6, this could be in the order of 580000 Euro for April. A very tidy income stream for the company even at 49%.
Made a couple of more purchases here and they didn't show in the listed trades, then I remembered the Aquis exchange PXEN.GB.PL, and there they were. Worth keeping an eye on particularly if the sp changes on the AIM listing with no apparent trades.
It's surprising and a bit concerning that we have not had an update re: output figures for ER for March, seeing as the bod was very keen to inform us of the results of 24/6 running during the test period, and the estimated revenue figures for March.
Maybe combining March and April figures together for mega effect.
Appears that momentum is building here in anticipation of the production figures of El Romeral, since it has been on 24/6 running for the month of March and with the other initiatives soon to come into play, and being cashed up, it is feeling like a fair wind is behind PXEN.
Completely agree Piltick, regarding a PHE update.
PDD has been in residence for nigh on two months and shareholders haven't even had a newsletter for Feb or March, and I haven't had any response to enquiries or Emails.
It appears that the Plastic Park planning will now be in a to and fro situation with Natural England so could be a couple of months before it goes in front of the Planning Committee, but it is our own supposition that the integration of the DMG into the Plastic Park is the overall delaying factor for progress at Protos Plot 10B.
We are in urgent need of a very transparent update from PDD regarding all things PHE.
Must admit patience is wearing thin here, but it is said that it is the darkest hour before dawn.
Audible:
Re: SubStation
Video from Jan 2021....https://www.youtube.com/shorts/2qV8hFKh8wo
About 300m from Plot 10B
From my look around today substation construction appears complete but no noticeable humms or buzzes so may not be connected to grid, (which is appox 50m from sub-station) but services have been spray marked on the footpath towards Plot 10B which correspond to the intended line of power cables indicated on the appended planning permission for Plot 10B.
theyknowitall: It is under the radar at the moment but it won't be for long. I'm pretty sure we'll get a RNS on Thurs or Friday informing us exactly how well El Romeral has performed during March with the 24/6 running of the power plant.
I was messing with figures in my post of 12th Feb but it looks like 500K Euro per month revenue is on the cards for Tarba, which could mean in excess of 6m Euro per annum if existing energy prices continue and gas production is effectively managed.
Just uploaded a new video re: Plot 10B , seeing as there was some speculation here on the BB, regarding possible progress.
https://www.youtube.com/watch?v=LMLHxtdHcnQ
My interpretation is that the barriers on the new access road have been removed to allow farm traffic access to Marsh Lane bridleway via part of the new access road.
This has allowed some groundwork i.e. mainly tarmac removal of an old road that runs adjacent to Plot 13 (Enviroo), that used to connect Grinsome Road to the old bridleway.
So very little to do with Plot 10B but could mean there may be further works on Plot 13, I'm assuming subject to their funding.
We'll see how it develops.
NutHazard:
A well intentioned thought, but for the longer term, I think.
My more immediate concern is that PDD has been in position for over a month now and we have heard very little. Also we have not had a February newsletter with any kind of update.
We appear to be in a state of limbo, where we believe, any kind of progress for our DMG on Plot 10B is well and truly tied up with Peel's overall intention with the Plastic Park. Which with recent communications from Natural England appear to be progressing at a snails pace with little immediacy being imparted by Peel.
In light of this I've attempted to contact PDD via the General Enquiries on the PHE website and also via what I think would be his PHE Email address suggesting a "state of play" address is required regarding PHE's progress, with particular regard to Protos.
This was done over the week-end but nothing received yet, if others are of the same mind, it may be worth pursuing similar channels.