Member Info for patrick7

GL. has mensioned a dividend several times in the past. That may have been just whistful thinking but given there has been changes in the BOD. I am not holding my breath for any dividend to be paid in the nere future. Money maybe allocated for other prodjects but again they may deside to reward the share holders in some way. Maybe a buy back of shares might be considered.

On the costs of interest rates. That is a cost that can be written off against revenue. The terms of the debt are imo. much better. 5 years & a reduced percentage rate will reflect on the bottem line stablizing any further outlook for the company. Some have been pointing out this news to be a negative. For me I see it as being very possative.

GLA

BP, thanks for your reply. I do believe you, then again if this is the begining of winter then it is possible that demand for gas will increase. Given the levels that maybe used over the next three months for electric & home heating it looks good to me. The main issue is servicing of the debt & new loan fassillity. The first seems to cover the hedges & some. The second is yet to happen.

Cold weather has finally arrived & there seams there is little wind around this morning. Gas production is moving on up gradually perhaps in time to achieve top price in comming weeks. So far gas price has not fallen below £1 for some time. I do believe that Angus mentioned that staying above a pound was their target.

The buy in level has been stable for a while despite some of the issues raised which are being answered as time goes on. For me the biggest question is, I hope, going to be answered with in a fairly short time. Now lets see if they can get that loan to service the debt.

BP yes price on therms could be better but still over £1. Some times a mild winter means a short one although this might just be a late one. In the past I rember some very cold days in march. winter could still be 3 months of cold weather to give the gas price a boost.

As to gas production for sales that is still very much up & down. As you have mentioned there are ways Angus will have to deal with this.

Yes true BP the price is what it is on wholesale. market have hammer this to a share level that some whould take as a come and buy me level that is why you think someone is considering a takeover.

Well I have to say there's not enough movement to suggest that. but only who knows.

BP. The rise in interest over shares could be down to whether forcast getting colder. As the need for gas peeks, price for gas goes up, more money profit on gas sales & less problems with finances makes this share have legs. Depending on demand will show how fast this will move.

Investverysmart, pardon me for asking? These are two questions that I ask myself. could you give your reasons to the questions?

Any idea what the terms of the loan will be? How long do you think the term will be? I do believe that we may have to wait until January to find out. until then many people could pick up a bargin if they can be shore indeed the share has hit the bottom.

For what ever some may expect From the pipe line installation. It seems to be in line with my expectations.

Could there still be an improvement to production do you think BP?

Yes it does look like the replacement for RNS.

There were those who got upset about it.

Ocelot, You've been calling this move for sometime. Do you think Angus is a little cheap or are there so many shares, it will take a long time before this starts to move?

I do enjoy some of your rants but some how I don't think an appolagy will make any differance. Time will tell the truth. I can say that besides sighie's comments his figures have been of use to me. Ocelot also a good read but you always make the mistake of trying to make things personal.

I was how ever intrested in your chat with BP. I will continue to read your comments.

Thankyou.

WG, I think your infomation is also out of date. Opions aside Ocelot did indeed tell you about information you got wrong. I suppose, for you, it is a case of point of view before facts & figures. Never mind.

Thanks for your infomation Ocelot. you have been of some help over the years with it.

It is a possabilty that there maybe an indication that someone from Hong Kong sees something that is worth their time & money. That is why after all we are here.

Resulting in a holding by Kemexon Ltd of 23.68%. I checked the RNS. Ocelot you are correct

bp, i see your point & agree with over all governance but in order for increase in production they talk about drilling two more wells in the saltby field. yes it has been a little over a year of production making it the largest uk on shore gas producing asset that still may produce more. the experiance that the board now has in my mind makes for a more succure footing going forward. on the balance of your oppion to me it does not matter if the finance is achieved but may be a struggle to grow the company. interest rates of co**** are burden & should be considered as the company covers this by issuing shares.

The terms current dept offered by the hedge derivertive being more onerous to globable finance.

BP, do you take into account that the terms of this dept are better than current? Given the dept will be larger now being backed by a tangable assit could lead to an enlarged company producing greater growth in profits or do you believe otherwise & why?

Portland formation not Kib.