Member Info for Piltick

cureboy, Financial Close is dependent upon Peel coming up with the other 50% of the SPV, either with their own money or someone else's.

LedZep, look for the guy (or gal) with the white hard hat!

Thanks for the update LedZep. Not a lot happening yet, but they haven't completely forgotten about us!

VII, perhaps you should write to the Chairman and ask why they need to have this resolution. I'm sure he will be able to put your mind at rest.

The DMG is "self sustaining" because it uses a percentage of the syngas that it produces to continue to heat the chamber. So it only needs to use natural gas for a short time to start the system and bring it up to the heat level required. After that it uses it's own gas, so to that extent it is self sustaining.

Of course the "fuel" is the feedstock.

Not a placing, like Peel announcing that they are putting in their 50% into the SPV! Financial Close.

When it comes to Financial Close the problem has been Peel all along. Howard has made that fairly clear in his interview, but I think we all knew that.

Have we been given any indication so far as to how much the GTIC is likely to cost to build?

I think this refers mainly to a pipeline network to blend with natural gas for heating industrial buildings and homes.

I would certainly expect so!

Which is round about now!
Trouble is if he issues the PEA now, it's liable to be lost in all the negative economic noise that's going about.

Is something going on?

It doesn't all have to come from shareholders.

Probably some big selling going on in the background.

So more navigation hazards in the North Sea! They will soon have to rig up a traffic light system for the ships to sail through the forest of windmills!

Thanks for the update LedZep. Hopefully we'll see something happening on 10B in the not too distant future!

I agree mja, I would expect more than one contractor to be involved for the various aspects of the buildings and plant. I was just thinking of the statement in the RNS:
" Peel NRE has shortlisted two potential contractors for the construction works and is currently seeking the necessary finance."
I expect they are just referring to contractors for the construction of the actual buildings.

Absolutely agree Seafllat. This constant bickering is really tiresome and completely unnecessary.

I expect we will shortly hear about the contractor who will be employed by the SPV to do the building works. They said during September, so hopefully not long to go now.

Good point, Badger!