GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
In addition Pires has a useful bundle of Rame warrants to add some spice to its investment.This increase in the value of Rame should add a further £500,000 or approximately 40% to the value of Pires, excluding the possibility that Redmond and Armstrong could well use Pires to acquire a substantial energy company akin to their hugely successful reversal of Igas into KP Renewables. Investors in Igas have seen a tripling of their investment in two years with prospects for Igas’s shale activities continuing to look bright.For a company with a stock market value of .only £1.2 million, and trading at a discount of more around 20% to NAV, Pires looks like a low risk bet on two highly experienced shell players that could deliver stellar returns on a short to medium term view. Furthermore, as an additional underpin of value, the Directors only have existing authority to issue new Piresshares at 0.10p per share which is roughly double the current share price. All told, a purchase of Pires shares at anywhere near the current price of 0.0525p per share looks like a real bargain.
Shell experts Peter Redmond and Richard Armstrong have taken control of small investment company Shell Pires Investments (“Pires”) and, if past performance is anything to go by, Pires could prove to be an exciting near-term investment with the benefit of little obvious downside risk.Containing cash of approximately £600,000 after its £410,000 recent investment in Rame Energy (“Rame”) and with an NAV of over £1.5m — against a market cap of only £1.2 million — Aim listed Pires looks set to build on this initial investment to become an active player in the renewable energy sector which remains a likely beneficiary of increasing government sponsorship.Pires’s first substantial investment, Rame, has already generated an unrealised gain of around 20% and appears to be a well-managed, serious, participant in the wind and solar renewable energy sectors — particularly in the fast growing emerging market of Chile. Rame appears well on its way to achieving its power production targets for 2014/2015 which, according to broker Northland Capital, should see the value of Pires’s investment double in the short term if Northland’s Rame valuation prediction is correct.
Our big investment Rame Energy PLC is now beginning its move north I see.
Is enough to move the share price down it would appear. ?
"One of these has made a significant contribution to our results." Could the "one of these" be KENV by any chance? Peter Redmond bought some himself in March @1.25
Our big investment Rame Energy is up also.
Even more surprising then that the ask price is moving up so fast.
Moving up rapidly on just three trades. 0.045 O.0482 0.05
Target price for Rame is 31p according to two brokers covering the stock. When that day comes, Pires stake in Rame will be worth almost one million.
Rame buys solar business RNS
Your last post is the more likely outcome for Shale Energy of course but I can't help being suspicious of the motives behind Peter Redmond detailing the 30 thousand pound investment in them,as he hasn't detailed past investments. Also, would it be inconceivable for a RTO of Shale Energy to take place and still hold a small stake in Rame Energy.?
Could Shale Energy come to the Aim market via Pires.?
Queens Speech. A bill to allow shale gas companies to lay fracking pipes deep below private land without getting prior permission.
Good day today. 7.29 post from oneandonly1 spot on imo.
Chile has been warning of a looming energy crisis for the past decade. Now the government appears to actually be doing something about it, says our correspondent in Santiago.President Michelle Bachelet announced late last week her 2014-18 energy program, pledging to expand a liquefied natural gas port and support renewable energy sources. During the televised address, she warned that Chilean electricity prices, which are already the highest in Latin America, would rise another 34 percent over the next decade without action.“Lack of competition is one of the issues,” says our correspondent, noting that three companies control three-quarters of total electricity generation on Chile’s maingrid.Ms. Bachelet earmarked $400 million for state-run Empresa Nacional del Petróleo to build a third natural-gas import terminal. She also announced incentives such as free government land to lure new investment in wind and solar energy in the windy and sunny northern Atacama desert, which averages 330 days of sunshine a year. Upcoming tenders in the sector will pose opportunities for foreign investors.“The government is interested in getting new companies to come and build plants,” says our correspondent. “The most feasible would be renewable power, hydroelectric, and thermo-electric.”This is Bachelet’s second chance at tackling sky-high electricity rates in Chile, which is heavily reliant on hydroelectric dams and imported fossil fuels....
SANTIAGO, Chile (AP) — President Michelle Bachelet announced Thursday she will tackle Chile's energy crunch by looking to wind power and solar power as well as fossil fuels in a $650 million plan for meeting rising demand. Among other things, she said solar panels will be installed on all public buildings over the next four years.
Launching the government's energy agenda on 15 May, president Michelle Bachelet said the aim of the measures is to reduce costs on Chile's main grid from $151/MWh last year to around $106/MWh by 2017, a drop of 30%. Renewable energy will play a key role in the growth of electricity supplies, the president said.
David Cameron insisted that fracking would start this year as he argued that Britain was obliged because of the Ukraine crisis to press ahead with plans to drill for shale gas. The emergency triggered by the annexation of Crimea should be a “wake-up call” over the need for Europe to become less reliant on Russian gas supplies, he said.But environmental groups accused the Prime Minister of exploiting the emergency to press ahead with the controversial technique.Mr Cameron forecast that some shale gas wells would be “up and running” by the end of this year and insisted that enthusiasm for fracking as an alternative energy source would grow once it had begun.The process involves releasing gas trapped in shale deep underground by blasting a mixture of sand, water and chemicals into rock at high pressure.The British Geological Survey has estimated there could be 1,300trn cubic feet of shale gas underneath wide stretches of the United Kingdom.Supporters, who include Conservative ministers, argue that fracking has the potential to drive down energy prices and boost the economy by tapping into the reserves.However, critics say that fracking can contaminate the water supply and create environmental harm including earth tremors.Mr Cameron's comments, following the Nuclear Security Summit in The Hague, reflects growing concern that European leaders are limited in the pressure they can put on Moscow because of their dependence on Russia for supplies of gas. Officials believe Britain can learn from the speed with which the United States has embraced fracking.The Prime Minister said: “Why has it taken so long in the UK and Europe as compared to the US? We can ponder that or alternatively we can just do what this Government is doing which is to roll up the sleeves, simplify the process, make the permissions easier, getting on with some wells moving.”He argued: “There's a lack of understanding about the nature of what actually happens and how much it has in common with the ways that we extract gas in the world today.”Mr Cameron said he believed that it was Europe's duty to become more energy-dependent, including through the development of fracking.“I think something positive should come out of this for Europe, which is to take a long hard look at its energy resilience.”But Caroline Lucas, the Green MP, said: “Britain hardly imports any gas from Russia, and while the PM is right to raise the importance of energy self-sufficiency, he is utterly misguided if he thinks fracking is the way to get it.”Lawrence Carter, Greenpeace's UK energy campaigner, said: “This is a cynical attempt by the Prime Minister to exploit the Ukraine crisis to force through his unpopular plans for fracking in the face of growing public opposition.”He said: “The most pragmatic and sensible way of boosting our energy security is to massively reduce the amount of energy we waste, while also investing
Shale gas could be a “new North Sea” for Britain, creating tens of thousands of jobs, according to a report out on Wednesday. The Institute of Directors claimed the fledgling industry could create 74,000 jobs, more than double its previous estimate of the industry’s potential.The business group said the industry, which involves the controversial process of fracking, could also help to support manufacturers and reduce gas imports.
Fund raising time again I think. Maybe further investment in Shale Energy.