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if this is the biggest gas discovery in ten years in the north sea, and Shell still has billions of windfall profits, and given how cheap these companies are holding licences around this new discovery, why would they not just buy outright?
What is the Zechstein trend?
The Zechstein trend refers to an oil or gas reservoir interval of Permian age that is an emerging play in the southern UK North Sea, extending into the onshore (including PEDL183), which is highly under-exploited compared to other geologies in the UK North Sea. The Zechstein trend has been a prolific producer of oil and gas in other nearby countries for a number of years.
In the UK, there has been some exciting early success in the play, including West Newton. Reabold has exposure to the play through its licence interests in P2329, P2486, P2427 and P2332 (which is adjacent to the Pensacola prospect) and PEDL 183 (West Newton).
What is the significance of the Pensacola well for Reabold?
Recently, Deltic Energy, Shell’s partner in the Pensacola well in the southern UK North Sea, announced that drilling at the Pensacola well had progressed into testing. Success at Pensacola could be another key step in proving up the Zechstein trend in which Reabold has a significant footprint.
https://www.ft.com/content/ca95d8e4-79f4-44bb-9d74-df86809de098
Just one final point on these hundreds of billions in US green subsidies, the value in these bombed out green technology companies now lies in the potential of each green technology to take a huge slice of these huge green subsidies now being offered in America to attract technology companies to
move to America, however the big US shark investment companies will now be hunting for and to take over bombed green technology companies like VRS just to get hands on this valuable proven graphene cement technology, so either the city and MM will wake up and realise what has changed or VRS will be taken over for peanuts and asset striped of the valuable green bit of VRS graphene cement technology ?
Its VRS green cement graphene technology that gives this company a seat at the green technology subsidies table?
Its just that our short sighted MM's and our 'public school boys could not see this value if they fell over it, sure they do not pay a dividend like most technology high growth companies, however these green technology subsidies
have been a game changer for any company with green technology and a premium should have been reflected in the share price to reflect this change?
the pressure is now building for the UK gov to at least match the billions being offered by the US and America in an attempt to keep the best Green technology companies in the UK, VRS fit in to this because making cement is one of the world biggest producers of co2, graphene can reduce the amount of cement needed and improve it strength?
https://www.msn.com/en-gb/news/world/uk-being-left-behind-on-green-investment-warns-cbi/ar-AA16EOF2?ocid=msedgntp&cvid=0c281ca0e52e4974941eb7e96b1367ab
it looks like a bidding war is about to start to attract high growth potential green technology companies to move? i stated that the UK must compete
https://www.msn.com/en-gb/news/world/uk-being-left-behind-on-green-investment-warns-cbi/ar-AA16EOF2?ocid=msedgntp&cvid=0c281ca0e52e4974941eb7e96b1367ab
lets not be to hard on the timing of this directors share sale, since the need for a sales director might be about to vanish? when the US MOU gets turned in to a contract, is the writing on the wall for this job? given the customers they already have.
https://www.greencarcongress.com/2023/01/20230129-history.html
The UK market makers are hopeless at valuing technology companies and have still not priced this in to potential green growth shares, they are sitting on the fence, its no wonder Arm are reluctant to come to UK market?
Seriously do you really believe these moves are just coincidence timing with both America and the EU looking to spend billions subsidizing critical green technology and bring it to either America or the EU? The UK will also have to compete for these next gen green jobs, and the Chinese have not got started yet with serious subsidies although they prefer other ways of gaining this vital green technology.
https://www.businesslive.co.za/bloomberg/news/2023-01-22-macron-and-scholz-hold-talks-on-new-threats-facing-europe/
the US is attracting green tech companies from around the world to move to the US, or American companies to buy green technology or companies that can exploit the green technology subsidies in the American $369 billion Inflation Reduction Act, VRS graphene technology fits this because it reduces carbon whilst still keeping strength advantages.
our market makers have not realised this yet and just marked down all technology companies but Green technology must be valued with at premium
the $369 billion Inflation Reduction Act
https://energy.economictimes.indiatimes.com/news/power/sparks-will-fly-in-the-electric-car-trade-war/97049616?redirect=1
UP 21% ON US OTC MARKET NOW