Member Info for MPO818

Another decent take on what's happening at JOG

Hollamatronic you wrote

180m and only 6m available for retail to buy.
Not a lot is it and furthermore the Primary Bid emailed document (emailed only to those registered with them) states "The Offer will close tonight" so basically unless shareholders are watching for info 24/7 many will only be aware of the raise if they tune in at 7am tomorrow and see the RNS saying it a done deal. AFC raised and did the retail bit through Primary Bid last June/July I participated purely because I'd previously registered (over a completely different company). It seems an underhand way to treat loyal shareholder.

Many companies have raising money through Primary Bid, keep your eye out, on many occasions they open the book between 4/6pm and close around 8pm, what I’m trying to say it’s a very short window. A few examples AFC Energy at 16p now 50p. Countryside Properties at 335p now 540p. Tirupati Graphite at 45p now 99p. Usually open to all shareholders and non-shareholders. There is the need to register.

Well posted Longwait, I'd been and read that garbage earlier, rather sad really.

Two excellent posts Dick, you make a lousy week a whole lot clearer.

I've now listened to the 9min 50secs interview, an excellent overview of what's happened and what's going to happen in the coming months. Cannot imagine any current shareholder going anywhere near the sell button. As you point out in your post, Dick any buyer is unlikely to stump up either of the figures highlighted by AB (£39/ £60 ) your £17 is not an unreasonable target (life changing for me). Would AB and his colleagues be content at that level, time will tell, how exciting. Stay well Dick.

The U.K. is hosting 10 projects to heat buildings with the gas, China is deploying fuel-cell buses and commercial vehicles, and Japan is planning to use the gas in steelmaking. U.S. presidential climate envoy John Kerry urged the domestic oil and gas industry to embrace hydrogen’s “huge opportunities.”

That should mean plenty of potential customers for the plant called Helios Green Fuels. Saudi Arabia is setting its sights on becoming the world’s largest supplier of hydrogen — a market that BloombergNEF estimates could be worth as much as $700 billion by 2050.

Another interesting and informative post Dick, thank you. Hope your feeling OK and looking forward to the farm out result, the CEO looked very relaxed during the Proactive interview earlier in the week, encouraging.

DiveCentre
You are correct in all you say, I was only using it to show some potential numbers. To be blunt Premier bit off far more than they could manage the whole project (Sea Lion) was far too big for them and they paid top dollar for the privilege. The JOG BOD has managed this project brilliantly and I'm convinced the will select the correct partner in this exercise.

Rather a dangerous statement on a THURSDAY - Lets hope not:

AFC is currently available for savvy investors at Black Friday Sale more like it!

Although old this is a past example of a farm in/out deal. There are a few differences the biggest being location. The Falkland Island had no previous oil production and its territorial waters are/were greatly disputed.
12 Jul 2012
Premier today announces that it has agreed to farm-in for 60 per cent. of Rockhopper's licence interests in the Falkland Islands, which includes the Sea Lion development (the "Acquisition"). The initial payment will be $231 million in cash plus an exploration carry of up to $48 million and, subject to field development plan approval, a development carry of up to $722 million. These will be funded from a combination of Premier's existing cash resources, facilities and cash flow from operations. Premier and Rockhopper have also agreed to pursue jointly exploration opportunities in the Falkland Islands and analogous plays in selected areas offshore Southern Africa.

Today, Premier has also released a Trading and Operations update, contained in a separate announcement.

Transaction rationale

• The Acquisition progresses Premier's strategy of growth through investment in high quality development projects

• The Acquisition leverages Premier's strong operatorship and FPSO development capabilities

• The Acquisition adds approximately 200 mmbbls of discovered 2C resources, together with risked prospective resources of 175 mmboe net to Premier

Aimmillionaire

Agreed, Schroder are not out, but they have substantially derisked their holding, hence the managers huge bonus, there is a lesson in there somewhere. - when others are greedy be fearful, think some really rich smart arxsxe yank said that donkeys years ago. Thinking back to our Christmas fun 50 odd predictions of share prices from circa 120p to over 800p all look rather silly now, still nine months to go though.

The fund manager responsible for AFC will be getting a huge bonus. Next call will be to his mate AB, getting in line for the next placing, it’s inevitable.

Links posted by Haggis - The sector is the most topical on the market (apart from maybe Bitcoin) however unless AFC deliver it all becomes meaningless for shareholders of AFC.

Is not reflecting the optimism outlined in the annual report. The BOD needs to deliver, and sooner rather than later. Just saying.

Haggis
Good interpretation of todays RNS and well set out.

Aviva is the first global insurer and the first UK financial services company to set a target of reducing carbon emissions to net zero by 2040, a move that will ripple through its operations, supply chain and investments.

The insurer manages £300 billion of investments and has billions of pounds in FTSE 100 companies, including Royal Dutch Shell and BP. It said that it would divest from all companies making more than 5 per cent of their revenue from coal or unconventional fossil fuels by 2022, unless they had signed up to science-based targets in line with the Paris agreement to limit global warming to 1.5C.

By the end of this year, Aviva said, it will have stopped underwriting insurance for companies making more than 5 per cent of their revenue from such fuels unless they have signed up to science-based targets.

Despite the disappointing market response to the results the actual Chairman's statement and Bonds report are impressive.
The key is now for contracts and sales to materialise within this financial year. The Extreme E programme of races will help but will not drive the sp without the former. My faith is not fully restored in the BOD, particular when I read an increase in headcount (inc directors) from 26 to 30 resulted in the related cost increasing from £1.3m to £2.3m (WOW), this coupled with directors share options being reduced from 55p to 22p since the year end seems mighty excessive.

Reported on Bloomberg this could boost world markets Monday. Timely for AFC results


House passage of the stimulus bill comes as financial markets have started to more aggressively bet on a strong economic recovery and higher inflation this year, partly due to more government spending from Washington. The sudden shift towards more positive sentiment has pushed up 10-year Treasury yields and unnerved some equity investors leading to a sell-off in technology shares, though markets stabilised on Friday.

Read an article on Bloomberg. The gist was that the sector was a bubble and compared it to the dot com bubble of 2000. It went on to agree that the green stock sector would eventually prosper and was the way forward, but just not yet.