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Just topped up another 10k after viewing the youtube video , multiple newsflow to follow this qtr so this is starting to bubble , GLA
A couple of interesting comments from todays RNS "opportunities for additional gas are being considered" - Sounds like they may be in discussion with potential fellow Operators to utilise the pipeline and/or potential acquisition ? @Positive initial site survey results suggest a modified proposed tie in point for the Thames Pipeline which should reduce time and cost both for the pigging operations and subsequent tie back to the planned Southwark platform" - Good to get a positive message about initial survey and potential for earlier Pigging Ops to be completed and Integrity confirmed and potemtail cost reuction on tie in point - Confirming Pipeline integrity will surely get this share moving in the right direction , GLA
Good news , everything on track , roll on completion of pigging and funding news
RNS out on Ghana lithium play Earthworks commenced to pave way for maiden drill programme , at last some excellent news
And roll on the IPP and pressure testing results in the next 2-3 weeks , for me this will be the catalyst for a substantial re-rate having a 100 million asset in place , if we get a clean bill of health the funding IMO is not a risk given the confident positive statement on determining the right mix , it sounds like their are options already on the table just requiring a final decision after the pipeline integrity is confirmed
Good work guys, we can do without the incorrect rating at this stage in proceedings , have I missed some news as I was expecting an RNS to confirm pipeline acquisition end of march ?
Toro Thanks for balanced and informative update , as always its reassuring to get a reminder of the vast potential in this share given the barren newsflow this past quarter , I'm sure there will be various updates imminent but it would be very beneficial to get a roadmap to production of the immediate priorities, we have such a large portfolio ythat it feels like it is our Achilles heel as we continue to survey the ever expanding resources
They will deliver late April, May, on pigging ops then follow up with funding, I would have been happy with confirmation on pipeline acquisition.
Like a bus , waiting on the first one then several RNS,s will appear. GLA to all but this will deliver long term.
It does beg the question why you would research a German oil and gas basin characteristics to try and undermine SWP field next to the richest oil and gas basin in the world . Clearly an undermining and insidious ploy from someone that is a charlatan in their ultimate end game.
Ive just done a final top up , Expect news next week on this deal LK has completed followed by 1st Qtr update on following week , this will be heading well north from here , fill your boots now !
Jumpedship Thanks for that , just looked at the a SNS map and that would make a lot of sense , remaining 21% of Harvey with Wherry a short tie-back from Harvey.GLA
Hi Toro , I sometimes think the sheer scale of acreage we have is detrimental in not focusing the market but the flip side is that atsone point the scale will provide us with the long term rewards , the low volume will change if we can get updates on a regular basis , we cant we too far off , good luck to all
Toro , thanks for update , what is your opinion on catalysts to move this share price , do we see any RNS this year that will galvanize the market ?
Pipeline integrity is now the catalyst IMHO for further news , this will firm up funding and also provide 3rd party opportunity for additional revenue ,does anyone have a different opinion , welcome any comments
BOD appear very confident in recent statements regarding funding , they appear to have options and are trying to ensure the optimal mix of loans/dilution and offtake.The pipeline acquisition has obviously ran into a delay as much as they have created a unique situation in procuring a redundant pipeline , nothing sinister IMHO , more a case of agreeing a clear path forward with the regulators , Im expecting a decent rise in SP when they confirm Pipeline integrity followed by further upside on funding decision , I expect dilution to be kept to a minimum to maximise shareholder returns , MR & Co have been throgh this before and I am very confident. We have proven resources , own a #100 mil Pipeline with abundant opportunities to enhance turnover , have fairly low risk construction , a scarce resource where pricing is on the up and a UK Govt that would love to lower any reliance on Putin & Co . I am also very interested to find out what fields we have appllied for in the last round of licensing , one you pointed out GGIS as sure to be the missing part of the Harvey jigsaw. Our patience is being tested but news will come shortly , IOG have always delivered on the button so far and I am heavily invested for the long term as this is an exceptional AIM share.
GGITS Do you think we will get funding news prior to the Pipeline assurance pigging ops , what's your view ?
It would be good to get some updates , there must be some reward for the patience shown on this board given some of the trader nonsense spouted on other boards , this share will reward inthe long term.
Great post , very informative , Ithaca does look like a decent benchmark though we have an additional string to our bow with the 100% owned pipeline which can generate a decent revenue stream , interesting to note that Theddlethorpe shuts down this year , Thames could be in demand sooner rather than later if we can successfully install a tie-in. . The longer term prospects are intriguing once all the Hub hardware is in place , interesting to note we have applied for 3 x licences in the latest licencing round , award date is 2nd Qtr 18 , add in the Harvey prospect to be appraised then factor in acquisitions and we could easily be a 500m mid cap outfit within a 3-5 year period.
I like the statement "Development funding plans are progressing well with a view to finalising the optimal mix of conventional debt, offtake-linked finance and contractor finance to take the project to first gas. This sounds all on track and options available . I also like the quote "Alongside this the Company has applied for three new areas in the UK 30th Offshore Licensing Round and looks forward to a successful outcome later this year. The Company continues to target production acquisition opportunities to supplement its SNS gas development strategy. We should find out 2nd Qtr 18 if we have been successful , good luck all , its great to see we are making progress