Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
PPS: https://www.toyota.co.uk/new-cars/mirai Toyota are already ready to kick EV's in to touch.
PS: just a recap on past UKOG RNS
https://www.lse.co.uk/rns/UKOG/future-hydrogen-ready-energy-storage-project-v6o32c2ixbxmut6.html
Not long until UKOG become first mover hit for Hydrogen storage / Drill or drop must be the first to congratulate UKOG for their forward thinking and the potential to provide near 0% emission fuel for the future transport industry. EV's use lots of rare metals that are very industry intensive and produce all kinds of toxic emissions. Mr Toyota and Honda are already on the case. https://www.ecoticias.com/en/new-hydrogen-fuel-cell/1057/
This latest news is further to the damage done to the business . If anyone was treated like this they would find it very difficult to recover, Just like the sub post masters case , its only now many years after the wrong doing that the truth be had.
Any update on the 7-inch perforating guns (must be near to sorting this out by now ).
https://www.bakerhughes.com/sites/bakerhughes/files/styles/product_hero/public/2020-07/TerraPERM%20propellant-enhanced-completion-services_0.webp?itok=YZ3gtSv-
Its ironic i know but drill or drop is a good place for information if your looking for it.
https://drillordrop.com/2023/07/14/george-lucan-to-step-down-as-angus-energy-chair/
https://drillordrop.com/2023/06/30/saltfleetby-gas-production-lifts-profits-at-angus-energy/
Hey give or take a million. When a company has an asset that can be used to generate decent money the market wants a slice of the action. The market will see the asset as a safe place to earn 15% on capital. Who wants to trash a company that has worked hard in making a decent asset. Yes a takeover could be on the cards, another good reason to hold on to your shares. Its the way of the world, Park your wad where its going to make you some money. The other one is to trash a company so you get your greedy little mitts on it for less than its worth.
Yes the 25M$ should be converted to £20m but gas sales are in £ the interest also worked out using $ 3,750,000 or £2,862,595 so an extra 1m+ $ in the kitty to manage the business with, better than nice , even nicer.
Yes based on poroduction remaining steady, No other factors included, like more revenue, from other business income, but hey this could offset any drop in production. £20m to pay back from 10 years worth of saltfleetby production.
Hmm I think the management having £17m in the kitty per year and 3.65m left from the global reinancing should be able to manage the costs of running the business going forward. That is a ratio of approx 5m per Q in and 1m per Q out. 80/20. Yes very basic working out but it is a very healthy place to be going forward.
Potential £20m Global Refinancing
Last month, the Company entered into a further non-binding, conditional Term Sheet with Aleph Commodities Limited for a loan facility of up to US$25 million for an 18 month term with an all-in coupon of 15% per annum fixed ("Global Refinance Facility"). The proposed Global Refinance Facility is extendable at the Company's option for an additional period of 18 months, for a total tenor of 36 months. This facility, if it proceeds, would be intended to refinance the c. £7.35 million outstanding under the Senior Facility as well as the £3 million and £6millon Bridge Facilities.
Future is bright 25,000,000 intrest at 15% = 3,750,000 = monthly 312,500
Monthly rev 1,700,000
X 12 = 20,400,000 less cost of intrest 16,650,000
Healthy asset 10 year 166,000,000 I would imagine the 25,000,000 is well coverd and the 15% charge on loan is a good return on the investment. happy capital investors, happy business managers, happy shareholders. 16,650,000 income per year to manage, nice.
Slovenia should get prepared for the winter ahead, Open up the wells get all required stimulation done and prep themselves for the Russian gas cuts. Its not just important for AST the people of Slovenia should have the energy for the winter months ahead. August now, emergency powers should be used to get this field producing a decent amount of gas
ASAP. Don't sit on your hands its time to act. It will soon be a national emergency.
4 weeks in to Q3, 8 Weeks remaining, if samples are +++ it won't be long before the smoke signals start to rise. https://upload.wikimedia.org/wikipedia/commons/1/1c/Frederic_Remington_smoke_signal.jpg
Kashdog seems like you need a bit of help. https://www.hypnosisdownloads.com/enjoy-life/life-soul
Looks like this damages claim is legally sound in that funding is finalised for progression of claim. This is very good news looking at the 5th May RNS its not hard to understand that Slovenia has always been aware of their obligations but have been putting more and more pressure on AST over recent years in the hope that AST just fade away.
That's due to recent activity re: further actions / changes taken by Slovenian government having further damaged AST
business and future business that is still being assessed. The Slovenian government have in effect extended the damage caused to AST and partners in this joint business operation.