Member Info for MPO818

Shell will not bid for BP (in the next 6 months) but they will join the party if any one else bids for BP.

With taxes of 78%, the UK government has closed the sector for business in the UK, surely no objections in that quarter.

Has a number of green posts, and many of todays posts clearly are in response to those green posts.

Please filter who you are responding to, then and only then will the board become useful to all invested.

Somewhat out of the blue Rishi Sunak on 23/05 2024 announced that the 2024 General Election would be held on 4/7/2024.

This was soon followed by allegations of widespread betting by politicians from both the main parties and members of closely linked policemen, with all wagers being placed before any public announcement.

The full history is on the internet. In August 2024 the Metropolitan Police announced that no charges would be brought against any politician, police officers (7 involved) or any of the PM’s security team.

Having once described the Jackdaw and Rosebank projects as “climate vandalism” the energy minister Ed Miliband (out of the blue) announced on 19/6/2025 that he is preparing to change the rules that blocked those two projects.

In the 4 weeks prior to this announcement JOG (17.5%) and SQZ (20%)

have risen sharply, these increases do not include the action witnessed on 19/6/2025, which in the case of JOG was a further 14.5%.

Lightening striking twice, I wonder.

Oh yea, forgot to mention the £20bn for "carbon capture" previously tried and abandoned by several far richer countries than ours.

Apart from the general stuff covered by the BBC in the daily news they have the Sunday morning program with Laura (cannot spell or pronounce her name).

Each Sunday she has a panel of experts, there to discuss the major topics of the week. She then has one or more MP's for detailed discussion.

Those in charge of the NHS, Education, Culture, Transport, Defence, Immigration and many more have all been interviewed.

I occasionally fail to tune in (so I may have missed it) but I have never seen Miliband nor have I ever witnessed any discussion on energy security or the impact of pylons, wind turbine subsidies, reliance on Norwegian or European pipelines. That is evidence of the bias at the BBC.

The impatient being punished.

Two of the North Sea’s most controversial drilling projects are set to go ahead as Ed Miliband rewrites the rules on carbon emissions.

The Energy Secretary is preparing to change the law on Britain’s greenhouse gas emissions, which were relied on by a court last autumn to block Equinor’s Rosebank oil field, off Shetland, and Shell’s Jackdaw gas field, off Aberdeen.

Such a move would pave the way for the construction of the giant oil fields, and possibly open the door for more stalled fossil fuel projects in British waters to be restarted.

Bought these a few weeks back (366p) following the bid rumours, felt they were well undervalued and happy to hold and take the dividend while waiting.

Like many on here, fully expected a "spike" today following the events over the weekend. Now would much prefer a quieter and more stable background and wait for a turnaround or takeover to improve the SP.

Https://www.telegraph.co.uk/business/2025/06/13/britain-will-regret-abandoning-north-sea-israel-iran/

Not a good day to report positive news - Friday 13th - Israel / Iran conflict - spike in oil - all without any help from Labour.

ITM have made some significant announcements in the past 5 weeks, they have also restated their expected cash position (£200m+) their rise has been well deserved and they are well placed to progress further, next results should be interesting. Back to AFC, they announced some mega news last week with an unnamed US company. Their ammonia cracker (worth apparently more than the entire business) has the potential for decent progress, potentially back to the 80p range. The biggest risk being whether the correct funding is in place, (the US project being funded by the unnamed partner) to drive the business forward.

Picked this snippet up from another stock I follow (ITM) and it is quite interesting. The final sentence just jumped out ("the government’s current approach is unfocused and creates damaging uncertainty.") and applies big style to how the UK oil and gas industry is being treated.

"The Removing Barriers to Re-energise the Hydrogen Sector report, authored by Copper Consultancy and Charles Russell Speechlys LLP with input from over 20 hydrogen companies, warns that the government’s current approach is unfocused and creates damaging uncertainty."

Ade1234

"Adam Bond delivered everything he said he would. That's why today AFC is a leading Hydrogen company".

Just remind me who is it "leading" or was that your idea of a joke. No wonder half the board have you on filter.

Ade1234

Good evening, from my experience of reading the garbage u post on the AFC board I don't think you would recognise the truth if it hit you in the face.

However, having spent a lot of your time being led down the garden path by Adam Bond it is understandable that your are such a bitter person.

Thanks jim333, be interesting to hear what Farage makes of it all, perhaps we may get some clues to the future when Reeves gives her expenditure review tomorrow.

Greener101 = I would prefer it to be done by Miliband Starmer and Reeves.

Nice lift late in the day, perhaps a policy leak.

Another good post DU, I like Greener101's view of an all share offer from SQZ, I would even go as far as to say 3 SQZ for 2 JOG would suffice, I am not greedy and would look forward to the dividends - my patience is wearing thin, and quickly.

Good to see Greta in Israels hands, just a pity it ain't Miliband, Starmer and Reeves.

The only stumbling block I see is Government/Political action. It has already been mentioned (Angela Rayner) that banks should face higher taxes. Having ruined the UK oil and gas sector Labour are planning to go after Banking. Insurance may not be far behind - "Profit/Investment" a really dirty topic under Labour.

The shares have recovered very well from ex div date. The current buybacks are (IMO) supporting the share price but the real drivers of the price were in the annual accounts - some extracts below:

£500m buybacks announced for 2025 and total dividend of 21.36p

Intention to return more than £5bn (or circa 40% of market cap) within 3 years

THEN

In 2024, we completed the announced buyback of £200m and today we announce a buyback of £500m. The increase compared to 2024 reflects more capital efficient UK PRT written in 2024 and a return of the capital release from the sale of Cala.

In February this year, we announced the intention to carry out an additional £1bn buyback commencing after the completion of the sale of our US protection business and creation of our strategic partnership with Meiji Yasuda.

Overall, we intend to return the equivalent of c. 40% of market cap[13] to shareholders over 2025-2027 through a combination of dividends and buybacks. All future capital returns will be subject to the market environment, our views on solvency buffers, and regulatory approval.

With the SP fully recovered + some not getting a great deal. The buybacks and the additional planned £1 bn later in the year driving the SP nicely.