Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Don't be ridiculous, we need at least a 1000% rise. ...... lol
It isn't deja vu, it is just a consistent pattern of confirmation bias and dud after dud result, Harvey, Skipper, Southwark, Blyth, Elgood.... so many duds it gets hard to remember them all. Year after year we get the same over-expectation followed by a poor result (or a shut-in well). There is good reason that these marginal pockets of hydrocarbon were left behind by the majors decades ago. I hope they get some better geologists on the game.
Under expectations but at least not a complete dud
Decimal point in the wrong place. 5.82% increase.
Looks like we might get a dividend later this year (RNS 1st June). (Shame they splurged all that cash on buy backs).
Will it be a new dawn or a new dud? I hope to sell this one at a profit before I retire (7 years time). I would settle for a steady dividend but no sign of that.
The share buyback, combined with stagnant production seems to have been really effective at driving down the share price by a third. If they had used the same buyback cash to issue a dividend then the SP would have been maintained, maybe even increased. Maybe it is all a cunning plan so the directors can buy out their own company at a steal of a price.
25tn April 2016 RNS "Trinity is continuing to target an eventual run-rate closer to 3,000 bopd over the next 12 month". Not happening just now, jam tomorrow!
Producing what? Water?
Odd use of funds. 1st well did not flow but that is okay - it was expected. They can drill my backgarden next.
Usually comes out on third week in April. Not this year it seems. Another week to wait for the latest reasons why production is on a plateau. I think we would all like that dividend to be announced.
Yes, it is a consistent string, year after year of duds. Always hoping the reservoirs are long ignored stores of richness. Most have turned out to be not worth the drill. Seems more like the movie "Field of Dreams" "If we build it they will come". All this great infrastructure but not much to put in it.
New reason for not meeting production growth target, maybe? (I am glad fire is out).
Q1 update due soon.
How long before REDX needs to go back to the well with another bucket?
a 30p target would be reasonable
Unbelievable. They have no faith in their ability to restore shareholder confidence. This is just snouts in the trough!
Looks like they are offering $1.80 for each Jounce share. That is a poor deal for REDX or (more likely) I can't make the maths work.
oh well
Long line of duds: Skipper, Harvey, Elgood, Southwark.... if Blythe doesn't come good then it is all over. Hope they have it right this time.
Is when you think the company is sitting on vast gas reserves and ignoring all evidence otherwise. Disappointment is after building platforms and pipelines then drilling and finding very little. Shocking but common (Hurricane Energy fiasco for example)