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Yes at the moment they have been found guilty of nothing yet an investigation is now pending and nobody knows the outcome , hence why this is now high risk , certainty has been removed. Agree the company could easily find suppliers in the far east but the relationship with the far east is becoming more toxic everyday and the there is political uncertainty around that.
Absolutely profit margins will be squeezed and they are in fact in breech of the law and should of published a modern slavery statement on the website https://www.gov.uk/guidance/publish-an-annual-modern-slavery-statement, I can expect when investigations are concluded that a huge fine will be incurred, at the moment I don't think the share price justifies an increase until the investigations are complete, risk is high at the moment
TRANSPORT STATEMENT
CONSENTED DEVELOPMENT RETENTION OF AN EXISTING WELL SITE AND VEHICULAR ACCESS ONTO HORSE HILL
TO ACCOMMODATE THE DRILLING OF FOUR NEW HYDROCARBON WELLS (ADDING
TO THE TWO EXISTING WELLS ON-SITE), ONE PRODUCED WATER REINJECTION WELL
AND THE SUBSEQUENT INSTALLATION OF SIX SURFACE MOUNTED PUMPS (ONE
PUMP PER OIL PRODUCING WELL); THE CONSTRUCTION OF A PROCESS AND STORAGE
AREA AND TANKER LOADING FACILITY ON LAND TO THE EAST OF THE EXISTING WELL
SITE TO ACCOMMODATE 7 OIL STORAGE TANKS (CAPACITY OF 1,300 BARRELS PER
TANK), 2 FIRE WATER TANKS, 2 PRODUCED WATER TANKS, AN ENCLOSED GROUND
FLARE, AN OIL HEATER WITH AN EXHAUST STACK, 4 GAS-TO-POWER ELECTRICITY
GENERATORS, OIL SEPARATORS, ABOVE GROUND PIPE AND CABLE TRACKS, WATER
MONITORING BOREHOLES AND ANCILLARY DEVELOPMENT ENABLING THE
PRODUCTION OF HYDROCARBONS FROM SIX WELLS FOR A PERIOD OF TWENTY YEARS
INCLUSIVE OF WELL MAINTENANCE WORKOVERS AND SIDETRACK DRILLING
FOLLOWED BY DECOMMISSIONING AND SITE RESTORATION.
Boris has a few options , not ask for an extension (which by is enshrined in the withdrawal act and trumps all other laws) and the other is not appoint an EU Commissioner , which is a breach of EU rules where the EU is bound to dismiss the United Kingdom. Comrade Corbyn is just simply holding up valuable time , doesn't seem to be interested in the people , just power hungry
Looks like they have designated the URU asset as FVTPL , which means , the amendment limits the ability for an entity to designate any financial asset or financial liability as at “fair value through profit or loss” (FVTPL).
They may still hold the shares but cannot put a fair value on them for either profit or loss
Thanks King obv a bit broken, so if im right about rule 13 they couldnt of sold them in fractions i guess, could be barking mad here but if they sold them during suspension the only way they could of done that is sold to a 3rd party?
Is this the one and the same?
http://diginc.ca/executive-biography/