The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Historic competition of razor wire beaten with 'Fit and forget system' ...and due diligence for insurers/underwriters i.e. 'visible and proven deterent'
Teresa Stevens, owner and designer of GUARDIAN says “The true cost of razor wire lies not in the initial outlay but in the installation and removal, the maintenance and the injuries. GUARDIAN™ is a fit and forget system. It saves thousands of man hours and has reduced injuries by up to 99 % on some vessels.”
The Stevens and Minty family are poles apart. This extract from their story tells you what character they have. They have also provided the Mercy ships with free protection.
It took nearly twelve months to design the prototype and hone it to a working practical model, involving many sleepless nights and long days, but she knew it would work and was not giving up. To fund her dream Teresa and David sold their houses and moved into rented accommodation, a massive gamble as every grant they applied for was refused time after time.
With success came heartbreak as friends Teresa had invited to be directors of the company became greedy and tried to steal the idea and claim the patent rights. Teresa in typical fashion fought back and won the legal battle but at a cost to her health.Over the next few years Teresa worked hard to develop her dream into a world class anti-piracy system. Sleepless nights and hard work became her way of life, constantly driving to improve her invention to ensure it performed in all weathers and sea conditions whilst fighting off copiers who wanted part of the action.
Mercy ships.
Mercy ships management accepted her offer without hesitation and the ships will have Guardian delivered for installation in April prior to their deployment to Africa later in 2021.
Sorry..should have said big business.
http://oceansbeyondpiracy.org/search/node/Piracy
Table 13: Total Costs of Maritime Piracy, 2010 Cost Factor Ransoms: excess costs Value (Dollars) Insurance Premiums $176 million 76 Re $460 million to $3.2 billionRouting Ships Security Equipment $2.4 to $3 billion Naval Forces $363 million to $2.5 billion Prose $2 billion cutions Piracy Deterrent Organizations $31 million Cost to Regional Economies $19.5 million TOTAL ESTIMATED COST $1.25 billion $7 to $12 billion per year We conclude, therefore, that the global cost of piracy is at least $7 to $12 billion dollars per year. Wherever possible, we have tried to use conservative estimates, so as to not overinflate the costs. This is not a definitive figure, but rather intended to be continually developed, adapted and improved. We invite collaborative feedback from experts and industries working on the issue. The model is specifically designed to be utilized by the many stakeholders and 76 We do not include actual ransom value paid, as this is generally covered by insurance costs.
This budget must surely be a benefit in the short term for Jay and co.
Firms will be able "deduct" investment costs from tax bills, reducing taxable profits by 130%
Dows this have any impact on the company and potential projects going forward Legislation?
... Legislation will be introduced in Finance Bill 2021 to temporarily extend the period over which businesses may carry trading losses back for relief against profits of earlier years to get a repayment of tax paid
How he can hold a directors role is beyond me. Same for rest of them. Graham Scotton appeared to have got caught up in the bull **** stories as well. The whole bunch were slippery shysters.
MFDevco have nothing to offer the O&G market at this time. Minty is lucky not to be a guest of her majesty's service..his fortay is selling lies and dreams....DONT TOUCH WITH BARGEPOLE..His son and heirs should be ashamed of him along with Alison his side kick.
Umm!
The Lord works in mysterious ways!
The Lord works in mysterious ways!
Shops and restaurants shutting with lock down could help to reduce expenditure and make the 250k last a bit longer.
https://phys.org/news/2020-10-plastic-hydrogen-gas-carbon-nanotubes.html
Embracing and helping popularize the concept of the circular economy for plastics – which keeps plastic waste out of our waterways, our oceans and our environment through the principle of Reduce, Reuse and Recycle.
Games, games and more games
Not long now before some announcement. Will the BOD beat Santa in their delivery timing
05 November 2019
Nu-Oil and Gas plc
("Nu-Oil" or "the Company")
Admission of New Ordinary Shares
Further to the Company's announcement on 4 November 2019, the Company confirms that Admission (as defined in the Company's announcement of 4 November 2019) is now expected to commence on 7 November 2019.
RNS Number : 1944S
Nu-Oil and Gas PLC
04 November 2019
4 November 2019
Nu-Oil and Gas plc
("Nu-Oil" or "the Company")
Results of General Meeting
Further to the Company's announcement of 11 October 2019 and its posting of the Circular, the Company announces all Resolutions were approved by Shareholders at the General Meeting held earlier today in London. Accordingly, the Company will proceed with the Proposals outlined in the Circular.
AIM Rule 15
The sale of the Company's 50% interest in MFDevCo to RMRI has become effective. Therefore, the Company is now deemed to be an AIM Rule 15 cash shell and is required to make an acquisition (or acquisitions) which constitutes a reverse takeover under AIM Rule 14 on or before the date falling six months from today or be suspended from trading on AIM. The Company does not intend to re-admit to trading on AIM as an investing company under AIM Rule 8.
Board Appointments and Future Strategy
Nu-Oil announces the appointment of Mr Jay Bhattacherjee and Mr Andrew Dennan, as Non-Executive Chairman and Non-Executive Director, respectively. Mr Bhattacherjee and Mr Dennan join the Board alongside Non-Executive Directors, Graham Scotton and Frank Jackson.
The reconstituted Board intends to complete an acquisition in the oil & gas space within six months.
Mr Bhattacherjee and Mr Dennan have each been granted options over 90 million New Ordinary Shares (exercisable at a price of 0.0625 pence per New Ordinary Share, and with a 5 year term) and are both shareholders in C4 Energy Ltd, which is interested in the Loan Notes that can be converted into a maximum of 5 billion New Ordinary Shares, subject to a restriction preventing conversion of such amount that would result in C4 Energy Ltd holding more than 29.9% of the share capital of the Company as enlarged by the issue of the New Ordinary Shares pursuant to any conversion.
Admission and total voting rights
Following approval of the Share Capital Restructuring, which has resulted in the creation of 1,498,726,550 New Ordinary Shares (of 0.0001 pence each), and in anticipation of the issue of the 1,000,000,000 Placing Shares and the 91,666,667 Settlement Shares, application has been made for the admission of, in aggregate, 2,590,393,217 New Ordinary Shares to be admitted to trading on AIM ("Admission"). Admission is expected to become effective at 8.00 a.m. on 6 November 2019.
Following Admission, the Company will have 2,590,393,217 shares in issue, with 12,445,378 of such shares held in treasury. Accordingly, the total voting rights in the Company will be 2,577,947,839, which can be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company, under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.
Unless stated otherwise, defined terms in the text above are as per
Coro Energy
Coro has announced the spudding of
Nu-Oil & Gas
Spotted whilst away was the change of direction for NUOG where lender Shard has sold its loan to C4 Energy as well as increasing the balance to £2.5m. The loan is interest free and unsecured with a convert at 0.05p and capped at 29.9% by C4. Alongside this there is a placing to raise £0.5m with subscribers introduced by C4 at the same price.
The company are also selling off the 50% interest in the Marginal Field Development Company to RMRI for the release of debts of £1.23m due to that company and Alan Minty. With the decks cleared and new management coming in it looks like a relaunch for NUOG with some serious new backers…
According to all international studies and scenarios, the current rate of development in Europe is not enough for offshore wind to reach the goals of the Paris Climate Agreement for Europe. An accelerated, large-scale and internationally coordinated expansion is necessary.”
TenneT’s total offshore transmission capacity in the North Sea will exceed 7GW by the end of the year, above the German government's target for the North and Baltic Seas of 6.5GW by 2020.
During his visit to BorWin5's construction site on the North Sea island Norderney (pictured), Lower Saxony Prime Minister Weil said: “In both offshore and onshore we need more wind energy production in Lower Saxony in order to meet our climate targets for 2030 and in the long term until 2050.”
Weil also advocated the use of electricity-to-gas conversion and transmission.
“Northern Germany is predestined for a successful hydrogen economy and Lower Saxony is ready to realise the full potential of green hydrogen,” he said adding that the region already has the necessary infrastructure for storage, transport and distribution of large quantities of the gas.