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Paddyboy - thats right may be few days under 250 opportunity
Sometimes it is difficult to make others realise with all the good indicators here.
I heard BP director Looney is keen on Hydrogen economy to be futuristic and as such it was no surprise with the recent BP joint venture deal with multibillion dollar Wind-energy Co
its 251.50 again now
Cheers
MK
LK77 - metal plays like this sometimes take months to realise .
If you believe in fundamentals , one should hold whatever they can for the reward. There are many examples to show the need for patience ie GGP and now EUA , which many including me have learnt the hard way
cheers
Mk
Eldo- your post speaks of experience in different time periods.
I have noticed with metal plays that people hold on to their portfolio sometimes a few months to a year (although it will be sooner here). Typical example was GGp were people held for over 6months months when SP stalled at 1.5p to 2 p levels . I know some are here with this experience.
Patience and Belief in excellent OMI fundamentals for the coming reward , should be the Mantra here
cheers
MK
Janbo - Consumer confidence and sentiment as you said is the key . Also BP is now a futuristic stock in Green energy - play . I was looking into how hydrogen produce can be speeded up from the wells using wind energy technology - Hey
Closing at 250 -
It has been a reassuring ride over last 3 weeks here. Holding well now about 248
Positives: inclination and Joint venture towards hydro , vaccine news, sp relatively undervalued at this stage, more to come with increasing confidence of covid curb .
Happy for others to add more positives or negatives here.
There is likely to be only one way how with minor pull backs All IMO
Next resistance levels as mentioned by Tecet and Geng- 260, 283 and 304
cheers
MK
When I was researching Ufo, 2 things striked me - Bill as a geologist , committed and excited with the future prospects. Secondly - assets with multiple possible JVs . The risk reward ratio is more towards reward.
Hope we get another chance in next 2 to 3 days to top up .
As some one here said , waiting for 3 years here is better than waiting for 30 years in job for the returns . Enjoyed the factual posts by Max, know-Itall , Naphthman , Dickie , Disprupter to name a few.
Silver is likely to take a plunge ahead than gold - What is not to like
Cheers
Mk
On the back of Mr AAustin and RR success in the past, it seems everyone here is agreed upon the likely excellent potential after the Kilrose listing . 4 Questions now remain as below , which perhaps can be reasonably answered by experienced folks here.
a. Acquistion's will happen soon after listing or months after?
b . When is the likely listing and What price at listing ?
c. Will PIs have opportunity to buy at listing or only Instos? if so than buying via a broker or
primary bid ? I guess people who brought in at the RR listing should be able to answer about the
possibilities on this.
Cheers
MK
Thxs swan for the update and oilman - for rockrose update
BP likely to look for companies like KISTOS in the future
From Energy Voice dated 11/11/20 :
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.
Mr Austin personally owned an eye-watering 27% of shares in RockRose when he and the board decided to sell up to Viaro Energy in July for £247.5million.
After a brief hiatus, he’s now back with a new vehicle “Kistos”, which aims to “acquire assets with a role in energy transition”, mainly focussed in the UK and Continental Europe.
His former company proudly stated “a Rockrose is a plant that grows in harsh environments with minimal external support” – Kistos is Greek for the RockRose family of flowering plants.
In submission documents to the Alternative Investment Market (AIM), Kistos said it would “focus on the hydrocarbon sector (including upstream and downstream opportunities), energy infrastructure and energy assets capable of repurposing in the context of Energy Transition and ‘Net Zero 2050’”.
It added that these will have “an enterprise value of £20-£100 million”.
It comes amid a focus on the UK North Sea going net zero by 2050, a goal enshrined in law in the UK and now part of the Oil and Gas Authority’s regulatory regime.
Andrew Austin is non-executive chairman of the London-registered firm with a 70.5% stake prior to admission to the AIM.
Also on board is fellow RockRose and IGas alums Richard Benmore and Julie Barlow as non-exec directors.
Mr Austin has also brought industry veteran Alan Booth on board as senior independent non-executive director.
Kistos said it believes its investing policy can be achieved within 18 months of admission.
Announcing the sale of RockRose in July, Mr Austin said it has been an “exciting journey” in the five years since founding the business which had gone on a major growth spree.
In May 2018, the firm acquired a package of assets in the Netherlands for €107 million, which was followed the next year by the acquisition of Marathon Oil’s UK business.
This gave RockRose its first UK operatorship in the Brae Area, however a legal dispute led to the assets being forcibly taken over by Taqa after the Brae partners raised concern over RockRose’s ability to bring down the field’s $1.8bn decommissioning costs.
Taqa management, who lost out of Marathon acquisition to RockRose, called them “total wideboys” in emails disclosed in court documents.
Despite its success, the firm did lose out on at least one acquisition target – southern North Sea focussed Independent Oil and Gas in 2019.
Prior to RockRose, Mr Austin was a founder and former CEO of IGas Energy.
He also has six years
Guys Read on below article which some of you may have read.
Oilman thank you for the link
Can i know from LTHs here more about Andrew austin and who on here are likely to get in KISTOS
- any insights of past experiences and possible future take on Kistos on energy sector would be really helpful
Thank you
MK
From Energy Voice dated 11/11/20
Andrew Austin is making his North Sea return with a new investment company, aimed at buying up UK assets, after selling RockRose Energy.
Mr Austin personally owned an eye-watering 27% of shares in RockRose when he and the board decided to sell up to Viaro Energy in July for £247.5million.
After a brief hiatus, he’s now back with a new vehicle “Kistos”, which aims to “acquire assets with a role in energy transition”, mainly focussed in the UK and Continental Europe.
His former company proudly stated “a Rockrose is a plant that grows in harsh environments with minimal external support” – Kistos is Greek for the RockRose family of flowering plants.
In submission documents to the Alternative Investment Market (AIM), Kistos said it would “focus on the hydrocarbon sector (including upstream and downstream opportunities), energy infrastructure and energy assets capable of repurposing in the context of Energy Transition and ‘Net Zero 2050’”.
It added that these will have “an enterprise value of £20-£100 million”.
It comes amid a focus on the UK North Sea going net zero by 2050, a goal enshrined in law in the UK and now part of the Oil and Gas Authority’s regulatory regime.
Andrew Austin is non-executive chairman of the London-registered firm with a 70.5% stake prior to admission to the AIM.
Also on board is fellow RockRose and IGas alums Richard Benmore and Julie Barlow as non-exec directors.
Mr Austin has also brought industry veteran Alan Booth on board as senior independent non-executive director.
Kistos said it believes its investing policy can be achieved within 18 months of admission.
Announcing the sale of RockRose in July, Mr Austin said it has been an “exciting journey” in the five years since founding the business which had gone on a major growth spree.
In May 2018, the firm acquired a package of assets in the Netherlands for €107 million, which was followed the next year by the acquisition of Marathon Oil’s UK business.
This gave RockRose its first UK operatorship in the Brae Area, however a legal dispute led to the assets being forcibly taken over by Taqa after the Brae partners raised concern over RockRose’s ability to bring down the field’s $1.8bn decommissioning costs.
Taqa management, who lost out of Marathon acquisition to RockRose, called them “total wideboys” in emails disclosed in court documents.
Despite its success, the firm did lose out on at least one acquisition target – southern North Sea focussed Independent Oil and Gas in 2019.
Prior to RockRose, Mr Austin was a founder and former CEO of IGas Energy.
He also has six years
Sorry Swans - May have missed this bit of share buy back news over next 10 years. Is there a plan mentioned or assumed from the statements by Bod??
Also i have to say the quality of postings on this BB is quite good and informative - Tecet , Geng.... to mention few.
I know charts provide a guideline but news and sentiments go a long way
Cheers
MK
Thxs Mr P; Artemis having a top up in THR is good guess , especially them having good cash balance having recently sold some of their quite assets ( on their ARV recent RNS although they dont mention the sold assets) . By the way i am in Artemis too as punt which is 1.5kms near GGP land .
Cheers
MK