George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
thats the plan NewKTOB, tax the cr@p out of companies, drive them out of business and then the government nationalises this key industry and commodity
I see that Greenpeace has successfully challenged the UK government on awarding new oil and gas leases
It’s always been risky investing in oil and gas for obvious reasons, but the government being influenced by Labours rhetoric has taken the risk to another level.
For me, it looks like Labour come into office in about 2 years so I intend to sell all oil and gas investments that are North Sea based in the next 12 months and see what happens
What you on about upomega “ Excellent new investment for new investors, but what about the rest of us??. Where is our return.”
Didn’t you and the rest of us by sub 10p, we have all made a handsome profit and more, i hope you sold some all the way up to 450p!!!
And surely, if it’s an excellent investment for new investors, old investors will be rewarded more so?
This game is all about crystallising profits, no point crying about missed opportunities
Absolutely nuts
“ However, the UK Energy Profits Levy, which applies irrespective of actual or realised commodity prices, has disproportionately impacted the UK-focused independent oil and gas companies that are critical for domestic energy security. For Harbour, the UK's largest oil and gas producer, it has all but wiped out our profit for the year. This has driven us to reduce our UK investment and staffing levels. Given the fiscal instability and outlook for investment in the country, it has also reinforced our strategic goal to grow and diversify internationally. ”
Share price reaction on deal completion - You have got to factor in the proximity to year end financials, possible progressive dividend and the financials will be of the merged company with the higher exposure to oil price.
Ithaca seem to be yielding a significant amount - double digits and growing production, Serica need to reward their shareholders with final results due in April
As outlined in the IPO Prospectus, Ithaca Energy expects to pay a total dividend for FY 2023 of $400 million[4], with an initial interim dividend payable in the first quarter of 2023. In line with that expectation, the Group is pleased to announce an initial interim dividend of $133 million, representing $0.1321 per ordinary share. The initial interim dividend will be paid on 9 March 2023 to shareholders on the share register on 24 February 2023. The initial interim dividend is expected to be followed by two further dividend payments relating to 2023, following the first half of the financial year and end of the financial year.
No surprise that the Ruskies are looking to target assets
https://www.ft.com/content/ec436b8f-d00f-4525-b6e0-174cc9abaea4
Since the announcement of the merger/ acquisition as in understand it, Mercuria can’t take anymore dividends. So will SQZ start paying down the debt from the Jan-Mar profits. Or will they just use all the cash for further acquisitions.
https://twitter.com/burggrabenh/status/1618981795365810177?s=46&t=yhV_LHM4l855qKgxOTdpyw
Zero value assigned to the assets producing 26k boe
Zero value to our new prospective owners Mercuria
Zero value to Mitch and his fellow cronies
Zero value to the combined group
I think its the PIs selling out because they see better value elsewhere
This is heading to cash value
Excitement. Sadly that is what moves AIM shares. News flow and sudden rags to riches. It was no surprise last year that the spud didn’t of Serenity caused some excitement and we got to 34p.
I3E will only move significantly with an exciting news flow.
The great dividend and steady progress with ever increasing production will only result in occasional spikes.
However, if oil gets to $120 then we could see 30p+
they used the cash generation to significantly reduce the debt and pay off the bonds, they have significant net cash and will return cash to shareholders if they cant find an appropriate acquisition
They also had some downtime in the dutch fields so that explains in part the reduced cash generation