Member Info for Malvolio

https://www.heraldscotland.com/business_hq/19888567.west-shetland-gas-fields-demand-amid-net-zero-drive/

Starbright: You forgot the 1-share trade signal.

A nerd writes: This type of arbitration seems to have originated in Chile in the 1970s. It is known as pendulum arbitration, although in the US it is known as Baseball Arbitration as it can be used to settle the salaries of star players.
There is a variant called "Night Baseball Arbitration", under which the two sides don't disclose their final figure to the arbiter. The arbiter makes his own independent calculation, and whichever side is closer to his figure wins.
It's not clear from the RNS how much each side knows, if at all, of the other's figure ahead of a final verdict.

Try again: source - directors talk interviews com kistos-plc-

Source: ***************************/kistos-plc

https://www.***************************/kistos-plc-14.1-potential-upside-indicated-by-berenberg-bank/4121042763

Just a thought, but much will depend on the fine print of the agreement. The RNS says that once a price is set, by arbitration if necessary, NCM has 30 days to think about it.
Doesn't necessarily mean that NCM will then exercise the option. Might the whole thing simply be a price discovery mechanism for future use?

Sounds like a form of pendulum arbitration:
QUICK REFERENCE
"Arbitration in which two sides set out their proposals and the arbitrator is required to choose between them. The parties could be trade unions and employers, or firms involved in a commercial dispute. Frequently arbitrators work by splitting the difference between the parties' claims, so that it pays each party to make exaggerated demands. Pendulum arbitration is designed to avoid this problem by giving each party an incentive to make proposals which the arbitrator will regard as more fair and reasonable than the other side's suggestions."
I can see how it discourages an unrealistic offer and an unrealistic bid, and gives a quick and decisive outcome. But how on earth can you do this when the full extent of the asset is as as yet unknown?

II say can take up to 10 working days

I used Primary Bid earlier this year in relation to a Kistos placing. Once the shares hit your trading account, it's quite straightforward to bed-and-breakfast them into your ISA - assuming, of course, that you haven't already used up your £20,000 annual ISA limit, and that you haven't put money into a different ISA in the same tax year.

Off-topic but interesting if you're with Interactive ... https://news.sky.com/story/abrdn-in-1-5bn-talks-to-buy-diy-stock-picker-interactive-investor-12461582

Off-topic but interesting if you're with Interactive ... https://news.sky.com/story/abrdn-in-1-5bn-talks-to-buy-diy-stock-picker-interactive-investor-12461582

Divi reset. Ain't complaining.

Could it be down to progress on Nord Stream 2? According to this link it is now up to pressure, in the process of precommissioning, and Gazprom hoping to start commercial transmission "towards the end of the year." https://www.pipeline-journal.net/news/first-string-nord-stream-2-pipeline-gas-procedure-completed

https://fd.nl/bedrijfsleven/1412089/groot-deel-gasvelden-in-de-noordzee-staat-te-koop-lii1cap8ovmU

Demolition
The question is mainly who would like to buy fields, pipelines and platforms. Because gas production in the Dutch North Sea continues to decline every year. Last year, a number of companies returned the permits to extract gas to the state. More and more platforms are empty, and little is being sought for new reserves anymore. Decommissioning should be a growth market, but that is precisely what is a market that is hardly getting off the ground.

The removal of platforms is required by law, but there is no end date on it: a platform can, when it is empty and cleaned, remain in place for years to come. That's what's happening now. Oil and gas companies are postponing the removal. Because avoiding these decommissioning costs, especially since there is no income in return for the demolition of a platform, makes an immediate positive contribution to the profit.

Eiffel Towers
In the offshore industry, everything is large: both in terms of the size of the steel that has to be extracted from the sea, and the amounts involved. In the Dutch part of the North Sea there are about 150 platforms. Converted, these are soon about a hundred Eiffel Towers that have to be 'plucked' from the waves. The cost of removing the platforms is estimated at around €5 billion.

That bill hangs over the North Sea, both from selling companies and from parties that might want to buy gas fields. To the question: who pays what is not yet an answer. Nor how high the costs will really be, because that € 5 billion is also only an estimate.

Tulip
For the time being, only Tulip Oil has been sold this year. This spring, to Kistos, a company that didn't even exist a year ago. Kistos is a British spac, a special stock market vehicle set up to buy a company and then go public.

The Tulip deal was worth €220 million. Kistos is listed on the AIM, the alternative exchange in London. The company wants to 'create value for its investors by buying and managing companies in the energy sector'. Last year, Kistos went public and the acquired Tulip is now by far the largest activity of the company.

From Dutch financial daily FD.nl:

Large part of the gas fields in the North Sea are for sale

In short
• Gas extraction is declining in the Dutch part of the North Sea.
• That's why many companies want to sell their fields.
• The only question is whether there are buyers.
• In the meantime, the infrastructure will have to be removed once.
A large part of the gas fields in the Dutch part of the North Sea are in the shop window. Due to the high gas price, oil and gas companies now have a lot of income, but the future for the sector is uncertain because production is constantly declining, few new finds are being made anymore and the clean-up obligations are high. So companies want to get rid of it.
That's what several insiders in the oil and gas world say, who don't want to be named. 'Almost everything is for sale', says a business consultant. The trade in gas fields is mainly an us-knows us market, without roadshows or public bids. So what is for sale is often unclear to the outside world.
Although Taqa is an exception. Last week, the Abu Dhabi-based company announced that it will already be conducting "strategic research" into all of its oil and gas operations. Taqa has been active in the Netherlands since 2006. At that time, the company bought a number of BP's activities: interests in oil and gas fields in the North Sea. Among other things, the 'transition to a cleaner and more sustainable future' is a reason to evaluate everything. Taqa has seven platforms in the North Sea.
Positive cash flow
It is also clear from Spirit Energy that it is for sale. Spirit is 69% owned by Centrica. This British company is listed in London and has been trying to sell its stake in Spirit for two years. That is a modest player in the Netherlands: Spirit has two platforms on this part of the North Sea.
'The business had a positive free cash flow in the first half of the year. Given the current raw material prices, we expect this for the rest of the year as well', Centrica stated in the half-yearly figures. Ergo: a good time to sell, because the gas production is profitable.
Strategic options
'There does indeed seem to be a lot for sale this year', also points out a senior official in a gas company that operates in the North Sea. Dana is mentioned. The company operates with two platforms where oil is produced, and has "no comment" on whether it's for sale.
ONE-Dyas, the relatively small Dutch gas company with three platforms and plans to put a field above Schiermonnikoog into use, is also mentioned as a company that would be in the shop window. The company says it is working with shareholders to "look at and consider strategic options." Final decisions have not yet been made.'

Thanks, CRex - a fascinating read.

Great news, lads. Grab your shovels and head for Brussels -
Gold and platinum discovered in the water of the sewers of Brussels
Brussels
H.E.M
Published on 11-08-21 at 17:09 - Updated on 11-08-21 at 17:53

BELGA ©
Our wastewater is richer than we think. This is in any case the hypothesis supported by the Sublimus project. Since March 2019, these researchers from the ULB, the VUB and the Meurice Institute have been seeking to recover the particles of noble metals, such as gold, silver and platinum, contained in the waste sludge of wastewater treatment plants in Brussels.
If the latter hide many treasures, the starting premise of the researchers had to be adapted along the way. "After a year of monitoring on the entrances and exits of the Brussels-North power plant from samples, we found that the waste sludge, which is obtained at the end of the wet oxidation process (OVH), did not concentrate all the metals sought. Gold, platinum, copper and nickel actually remained in the water of the station, which acts as a metal accumulator,"says Gilles Bruylants, a researcher at the Engineering of Molecular NanoSystems and ulb responsible for the project.
After reviewing their methods, the researchers chose to focus on extracting gold, copper, nickel and platinum from water from the OVH. They are now looking for the best method to extract and purify precious metals selectively. Among the options considered is the use of magnetic nanoparticles. "The metal is collected by these nanoparticles which can then be simply separated from the mixture using a magnet."
The researchers' goal is to collect about 10 kg of gold and 1 kg of platinum

https://fd.nl/
It's paywalled, though. Somehow I get a daily newsletter email which gives a limited summary.
Can't remember how I signed up for it, though - I must have taken up a free sample offer at some point in the past.
Good luck.