Member Info for mcadder

Merchant - I would certainly agree with your rationale in terms of the need and the desire by all parties to get the first one over the line - the detail of which will be scrutinised closely.
It's in everyone's interests to see this happen. When it does every company involved from Mfdevco to Marnavi to Siemens will be looking forward to being able to take some credit for what is not necessarily a new concept globally but is for the North Sea and will massively enhance energy security for the UK while being very lucrative for all parties.

If I had whinged about a company I'm invested in just half as much as you Royscot then I would have cut my losses and run long ago no matter what the loss.
Believe it or not there has been progress here this year but not yet the sort of progress that has done anything positive for the SP.....yet but all that could change in an instant.
Marbur the good investments I have made in the past are the long term one's just like this one is for me. Sitting on a paper loss doesn't concern me I've been there before and I am more than happy with my holding here many thanks.

Marbur why don't you actually buy back in hey.....at least I can say I hold....all 70M of them! I think that's enough for now don't you? Plus it's 70M more than you hold...

"Mcadder knows this very well hence his ramping posts, be in no doubt he’ll be keen to get out on this mini pump despite what he says"

Will I Roy....will I now......I suppose you'll be saying the same in another month when I'm still here hey saddo. What rampy posts are these then Roy other than posting things of relevance that are in the public domain?
QT - Royscot has no motivation to see this back to 0.5p as they are out as are many other 'certain posters'

I do think QT that there are very good reasons to be positive on the GTW front as evidenced by the statements made previously by the OGUK, support from the govt and the will from all stakeholders to see it succeed.
Your posts indeed reinforce the desire to link up wind power with gas to capitalise on those assets due for decommissioning that will be given a new lease of life and generate decent long term revenue.

Careful QT you might get accused of ramping with them last couple of posts. Just like I did with my GTW post last night lol

Events really took off in January when just a day after North Sea veteran Graham Scotton took over as Nu-Oil's executive chairman, MFDeveco signed a memorandum with offshore fleet operator Marnavi to collaborate and target the GTW opportunity.
All stakeholders engaged
The big plus for GTW is that all the stakeholders involved want it to happen.
“Governments want the maximum recovery from areas such as the North Sea and boost energy security.

GS is one of the reasons along with GTW why I invested so heavily here. He is not here for the ride as some have suggested. He brings to Nuog and Mfdevco the skills, contacts and valuable knowledge and experience of the North Sea sector to help them pull it off with what could be numerous repeatable deals using the Mfdevco model. Once the first deal is announced I expect this to mark the beginning of other new contracts to fall in line.

"Ok hot shot seeing that you’re on a roll"

Is what you wrote last night in reply to my posts Delster boy but it's only taken you 12hrs to now say you were referring to someone else's posts. Couldn't care less what you think about me though so fill yer boots LOL. By the way if your looking for seadog you'll find him ramping on the lvcg bb

"Lol Major. I think they forget at times they don’t actually hold shares"

Wobwat I think your sentence sums it up perfectly here

SBP - not my fault some of you are so easy to wind up. Plus if you lot dish it out in the first place it's not my fault if you can't handle being on the receiving end of it....

I haven't jumped on anyone Nancy it's more of a case of Delster jumping on what they perceived as a rampy post from me (even though it wasn't). So predictable you lot and easy to wind up. Nancy where's the aggression then? All I do is call it what it is I'm very happy with my position here but you lot that try to gang up on one poster are not a happy lot LOL.
Not my problem you've all sold out nobody likes a sore loser by the way....

I'm not interested in the past here or looking for historic posts or tweets from people where "he said that" "he said this" blah blah blah. Got better things to do with my time tbh

I posted that deliberately to see how long it would take before it got attacked....I had bets on that some pathetic loser would comment on it within 30mins lol. Looks like I win the bet. Well done to Delster boy you didn't disappoint. Some real quality stuff on here today from the usual muppets (yawn).
Infact the only reasonable and sensible post I can find trawling through the crap on here today is from Sharelock.

BENEFITS OF GAS TO WIRE
Urgent demand from operators and government
Low or no cost access to proven resources and infrastructure
First mover advantage with industry-leading partners and use of proven technology
Accelerated access to revenue
Transfer price volatility (exposure from oil to power markets)
Project returns outperform alternative use of funds
Financial model which is attractive to investors and minimises dilution to company
Aligned with global energy initiatives and government and regulatory objectives
Delivers value for all stakeholders – company, partners, governments, consumers
STRATEGIC ALLIANCES
In addition to our Consortium of supply chain specialists, we have formed strategic alliances with Siemens' Dresser-Rand business and Marnavi Offshore to focus on gas to wire developments. Together, these alliances provides the expertise and capability required to successfully to develop and deliver projects using gas-to-wire technology.

Gas to wire is an ideal solution for offshore gas fields in the southern North Sea, located close to shore or nearby infrastructure created for the offshore windfarms, where valuable resources could remain undeveloped if platforms are decommissioned.

Maximising the recovery of domestic gas resources to deliver secure, reliable energy, gas to wire can help to meet the objectives of the Oil and Gas Authority and Vision 2035.

Royscot - Siemens obviously disagree with your view that there will be no NUws. Plus they see the potential of a long term collaboration here....
Rob Barnes, Head of Siemens Oil and Gas ERA Region, said, "We are delighted to support the MFDevCo team which has a real insight into the viability of the marginal fields in the UK. By applying the right technologies to the efficient development of these fields we believe that the untapped potential of these assets will be realised."
"Siemens, a world-renowned digital pioneer that focuses on electrification and automation, brings key capabilities and experience to this initiative, as well as the market position required to assist MFDevCo in capitalising on its gas to wire opportunities."
"Siemens is working with MFDevCo with an initial focus on UK projects but is also keen to investigate other projects that MFDevCo is pursuing worldwide."
"The initial term of the agreement is two years; however, both parties are viewing this as the basis for a long-term working relationship."

Yes I am a decent chap Royscot equally I'm not the sort of person who needs to ring people regularly to seek assurances either. Did I ever say I'm 100% confident of news by end of May or insist that news would come by then because of people I speak to? No but considering you insist on clutching at straws with myself and mentioning my name in almost every post here I feel sorry for you (I'm not the only one who has seen the fascination you have with me as others have commented too)
Considering I am a significant shareholder I thought it only appropriate to chat with Simon over the phone for the first time to introduce myself and discuss matters around GTW which was one of the big reasons (but not the only one) for investing heavily here.
If your theory is true that they had struggled to raise money and took what they could get then they could imo have raised say 500k @.25 or even 1m @.20 if things were desparate.
However Siemens who entered into a collaboration agreement with Mfdevco have carried out their own DD prior to climbing aboard and would not risk their reputation being associated here if there was no likelihood of project's being secured re GTW. So until I see otherwise I am minded to accept this.....

"The Company has sought to undertake a placing of a lower quantum to minimise dilution to shareholders"

If a SPV can be secured in the short to med term here then the need for further placings will be drastically reduced also. If we get just one revenue generating deal here secured along with confirmation of a SPV then this really will be a game changer. Until then there are still risks but the huge potential upside is worth the risk that I and other shareholders who are still invested are taking.

It's there in black and white and delays in getting deals concluded in the oil and gas sector are not uncommon. Take Infrastrata for example they have been trying to advance their sole gas storage project for over 10yrs and yet they are still some way away from achieving FID on the project. I could think of numerous other AIM listed companies where the same applies. However imo all the work carried out to date along with the unique Mfdevco model puts us in a good position here.

"I am, shareholders will be frustrated by delays in concluding project negotiations. Unfortunately, this is a characteristic of the oil sector as a result of the scale of projects, regulatory and legal hurdles, complexity of operations, construction and general engineering. However, I am confident that we will be able to announce the first acquisition of a marginal field, along with its development plan, in 2019. As we work to close negotiations for larger marginal field projects, I expect the Company to expand its portfolio by acquiring the smaller, late-life projects I have outlined."

"I expect activities in Newfoundland to deliver results within the year ahead. While the marginal fields we are advancing will MFDevCo will be the future of the Company, I look forward to finally seeing past efforts deliver value from these legacy assets."

On the subject of Newfoundland I mentioned this the other week about the potential use of the Fishbones technology as a possible alternative to hydraulic fracturing where the moratorium on fracking currently affects the shallow right's.
Shoal point energy are looking into this technology and it has also been passed onto Nuog who will look at it.

https://youtu.be/LqDBw12_6R0 Here's a video of it.

"EL1070 remains in force whilst the parties to the licence pursue the award of a significant discovery licence ('SDL'). These unique circumstances require that any effort to develop the deep rights is coordinated with SPE's activities with respect to the shallow rights, which are currently restricted by the moratorium on hydraulic fracturing in the region."

So we are well aware that Shoal point energy are also busy trying to obtain an 'SDL' and according to their bb they are close so hopefully progress there will allow progress with the deep right's part we have the licence for as per above paragraph.

Hope I don't offend anyone seamonkeys but defo red and white me!

Ok firstly find the post where I have said that or apologise because I know for a fact that I haven't written anything along those lines.
Secondly why does the size of my holding dictate how, when,where what or how frequently I should post here?
So your suggesting I should post differently because I hold 70M shares as opposed to a holder of 7M or 700k?
Shouldn't make any difference unless you are a so called insider which I ain't but that never stopped seadog did it?

Ok Cob no apology - post reported. 100% untrue and bang out of order what you wrote there

The LOL just LOL is justified here Cob especially considering someone on here is questioning why we aren't associated with the SNS!!!
Offering to dish out beatings at the AGM?? You've lost me there Cob - firstly I've never attended one of Nuog's AGMs or ever stated my intention to attend one and secondly I have never threatened any violence on here so I suggest you take that back - immediately