Member Info for NotHopeful

Ok, how much gas are we currently selling and to whom? Looking at the Power Plant they are not using a great deal of gas!

Hi, the last RNS stated "Operations continue, but the maintenance of the ultimate customer's power plant is still ongoing resulting in a reduced offtake of gas". Question: If we are not selling any gas surely we should be undated on when the Power Plant is likely to be back up to full capacity? Does anybody have any links that could shared regarding the progress of the power plant maintenance?

Hi Stew and others, the link below was posted a couple of days ago, please save the link and use as required. The link confirms power generated on the turbines on an hourly basis. The production table for all the electric stations in rajasthan , RGTPP on the chart is Ramgarh Gas Thermal Power Plant . The chart gives an hourly rate of electricity output . gt is gas turbine, stg is steam generator.

https://rrvunl.in/webplanthourlyload.aspx

Hi Geng, great find. Have no idea why there hasn't been a RNS on the subject matter. I've sent an email to the company.

Agree who are they. Whats interesting is that from July 2020 no other holdings announced? Am i missing something? Not saying anything is off, just interested to know.

Have to agree with Pumpky, looked last night and no holdings RNS, so I can only assume less than 3%. Aklee, you seem to know or mentioned Axa "Offloading" can you explain? Cheers

With 80% of the shares owned by one company I think takeover is highly unlikely, but then again, pigs might fly.

Nor can I see there being a problem. All I'm saying is that we need the extension to really fly.

Looks like people are getting excited regarding the extension, hopefully news very soon.

Look back over the past 2 years RNS's and only ref I can find re the extension is from the June 2024 RNS " Extension of the PSC for Block RJ-ON/6, for a further period of 10 years from August 2024, has been applied for and is under consideration by the Government of India." No date of application so it could have been anytime before June '24.

It's amazing the info that out there if one decides to look. Wonder why the company left it so late .

Hi Pumpky, i would rather get my info from Morningstar, at least it's up to date compared to the company website.

https://lt.morningstar.com/e4e1fvybwy/stockprofile/default.aspx?LanguageId=en-GB&SecurityToken=0P0000G0XP%5D3%5D0%5DE0EXG%24XLON&Id=0P0000G0XP&ClientFund=0&BaseCurrencyId=GBP&InvestmentType=E0&externalidexchange=EX$$$$XLON&CSRFTOKEN=5a0d7b53-6f87-42f4-a3f0-b10328998f40&ClearXrayPortfolioManagerApiInputData=true&xid=GG00B39HF298

Hi Pumpky, just been on their website " Major Shareholder" and no mention of Nominee accounts although it does say "The Company is not aware of any other shareholder owning over 3% of the issued shares of the Company. Last updated on 16 February 2024". https://www.indusgas.com/aim.php?ID=16&p=ir Why do you have to say "The other 2 "shareholders"are nominee accounts Held by pi's like you and me" when their own website does not mention Nominee accounts, stick to the facts.

Pumpky, not sure about the other 2 shareholders being nominee accounts as usually they say that in their name / description.

Something is happening. based upon 99.87% of the company's shares being held by 3 shareholders it only takes a small number of shares to move the price. If and that is "If" the extension is granted, then the share price could erupt.

Just taken a look at the Morningstar report from today which shows the following holders: Gynia 82.66 % Lloyds Banking Group PLC 8.62% Aberdeen Asset Managers Ltd 8.60% Total 99.87 There's not much left for us?

Casper, in short no MM has confirmed they are short of shares. It's your theory that they are. I thought MM's could not short shares, but I do agree that some people have shorted the shares.

Sorry to disagree, but no MM has stated they are short.

Good morning Casper, " IT HAS been confirmed....mm's were/are short on shares..." Can you confirm who confirmed MM'a are short of shares, because I sure it would be the MM's disclosing the fact. By the way, I do hold shares and believe that the shares will rise on their return. I just don't like facts that are not true, so please provide evidence. Cheers

PSC.https://mopng.gov.in/files/ExpAndProd/Acts%20Rules%20and%20Guidelines/3.GIPIP.pdf

Page 227 section 10:16:1

Lets hope they bring along their sales team