Member Info for NoQuestionMarks

If SQZ repeat this in the second half they would be trading at a p/e of under 4.
I'm back in at 350p.

Profit after tax of £116.7 million
Combined cash of £482.4 million at 23 September 2022
Company continues to pursue M&A opportunities.
No gas price hedges have been added since July 2021.
Outstanding hedging is below 20% of projected gas production for Q4 2022, falling to around 10% for 1H 2023

From Serica's results this morning
"The reprocessed data was finally delivered at the end of 2021 and interpreted by the Operator. Upon evaluation of the results, the partnership decided not to proceed to the next phase of the P2402 Licence, which contains the Ruvaal prospect and that has therefore been relinquished. Three of the four partners decided to proceed into the next phase of the P2400 Licence, which includes a commitment well into the Skerryvore prospect by September 2025. Serica will continue with its 20% working interest."

Correct BJoe,
Another comparison between Tom Cross and Andrew Austin.
Two years ago when Kistos was formed they had zero production.
Today they are producing 12,000 boepd. (6000bepd in the Netherlands and 6000 boepd in the North Sea)
Parkmead meanwhile average 270 boepd.
Andrew Austin does deals.
Tom does what?

I lost patience with Tom as there seemed little incentive for him to perform. He gets well paid whatever happens.

Andrew Austin delivered a 42x return for shareholders of Rockrose from inception in 2016 to its sale in 2020.
He has now taken Kistos from 100p per share to 430p per share today.
However, he earns less than Tom.
His total salary for the year ending 31 December 2021 (including bonuses) was £422,000.
His base salary was £171,000.
He earned a £210.000 bonus and £41.000 benefits in kind.

As shareholders you are paying Tom's salary
Does he deserve it?

I agree,
I've been watching ASOS for months but have finally took a stake at 600p.
Patience is required, but I am confident it will be rewarded.

Rumour is that Julie Brown will be our new CFO.
https://uk.finance.yahoo.com/news/gsk-poaches-burberry-cfo-create-170600394.html

Good morning all,
Thought I'd start a post to help those who may be having difficulty getting their votes in for the ordinary general meeting on the 7th of October.
Votes should be submitted by the 3rd of October.

My shares are held with Interactive investor and Hargreaves Lansdown. I have cast my votes with both.

On Interactive Investor.
Click the 'Portfolio ' tab top left.
Select 'Voting Mailbox'
Follow the instructions.

On Hargreaves Lansdown.
Go to 'Account settings'
Select 'secure messages'
Send a message asking HL to act as your proxy in the Greatland Gold ordinary general meeting, instruct them how you would like to vote (FOR or AGAINST each proposal)

Hope this helps.

I wasn't comparing them.
I was just making a point that the number of shares in issue is immaterial.
If a company performs, the share price rises.

It's a no to the share consolidation for me too.
Shell have over seven and a half billion shares in issue, it doesn't stop them attracting institutional investors.
Whether we have 5 million, 5 billion, or 50 billion shares in issue matter not a jot.
If the company performs, the share price will rise.
Consolidations just mask poor performance in my experience.

An up day for Dutch TTF gas futures.
The October 2022 contract is trading at 188 euros per MW, up 3.5% on the day.
When you consider that at this time last year it was trading at 32 euros it highlights just how inflated the market still is.
European heating season is now only a few weeks away.
I think that the average dutch TTF price from October 2022 through until April 2023 is going to come in at around 200 euros per MW
With our dutch operating costs just over a couple of euros per MWh we are going to be raking it in, even with a rate of tax of something like 80%.
And of course, if the rumours are true. The EU's windfall tax grab will expire in six months time...
Anyone else care to guess the average dutch TTF from October 2022 through to April 2023?

The north sea transition authority's 1st carbon storage licensing round closed on the 13th of September.

In the half year report AB said
"We are also committed to supporting the UK's twin objectives of delivering energy security and decarbonisation. Through our Infrastructure and New Energy business, we intend to repurpose and utilise existing assets to progress new energy and decarbonisation opportunities, including carbon capture and storage, electrification, and the production of green hydrogen..."

North North Sea area 1 has within it The Dons, Deveron, Thistle and Magnus.

https://www.nstauthority.co.uk/licensing-consents/licensing-rounds/

Well said SaMason55,
I have had enough of his pathetic anti UK rants.
I have never filtered anybody on lse.
Now I have.

Von der Leyen has confirmed the proposals to be discussed and added that they would like to replace the Dutch TTF with a "more representative benchmark"
Rumour is that 33% is the minimum EU countries must tax.
They can tax those surplus profits more if they like.
https://www.reuters.com/business/energy/eu-propose-crisis-measures-curb-energy-price-spike-2022-09-14/

If the EU proposal goes through there will be another 33% tax to pay on all surplus profits for 2022.
Rumour has it that the windfall tax will be backdated to the 1st of January.
Doubling production is now imperative to fill the hole.
The party is over.
"The draft proposal would also introduce an EU-wide windfall levy to recoup 33% of fossil fuel firms' surplus taxable profits from fiscal year 2022."
https://www.reuters.com/business/energy/eu-wants-180-eurmwh-revenue-cap-wind-solar-nuclear-plants-draft-2022-09-13/

The FPSO was reported to be at the field on the 22nd of June or thereabouts.
Production was scheduled to start in Q2 so I would guess that we are producing now.
Just my guess

The truth is that the share price is now aligned with the asset, options at 12p are not a giveaway, they are a realistic target.

After dilution we'll have roughly around 5.8 billion shares in issue by my estimation.
So, At 8p a share thats a market cap of £464m
And, At 12p a share thats a market cap of £696m

We now have a firm footing from which to build.

Liz Truss appears to 'get it'
KIST paid a 48.9% tax tate for the six months to June and will pay a higher rate for the full year most probably.
She was keen to state her dislike of windfall taxes and guaranteed to ensure security of supply from the NS in the future.
With KIST having a foot in the UK and the EU, we can channel our investments to the least draconian environment.
I suspect the NS is going to be 'the place to be'
We'll find out tomorrow.

Glad I got out at 425p, wish I'd jumped ship earlier TBH.
Saved myself a 10-15% paper loss of potential profits.
A month lost on the NE drill doesn't sound promising and Liz due to announce her 'plan' for energy on Thursday.
Sitting on hands and cash ATM

UK Natural gas futures up 30% this morning.
https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas

Very positive IMO.
Sure, margins may come under pressure but we have good clearance between ourselves and the rest, those we can't beat on price we beat on customer service.
And, we have the cash to ride out any crosswinds that may be ahead, not all airlines can say that.
Phillip Meeson keen to emphasise the point that Jet2 can grow despite the downturn and is confident it can meet market expectations.

"We are very confident that, Package Holidays are the Right Product for Price Conscious Customers especially in challenging economic times, and this provides further opportunity for us to grow our customer base, though as previously announced, margins may come under some pressure in the short term. Our well proven dynamic booking systems enable us to flex our offer to match consumers' changing demands and to deliver great value truly variable duration holidays. We also expect the growing Package Holidays mix to continue to benefit from our high trust ratings right across Which?, Trip Advisor, Trust Pilot and Skytrax."