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Hello All Just popped in. Try- don't know which share you are on about but I've been looking at all the Weald players with the action kicking off today. Dor looks like one of the best to be in right now imo as it has not had the gains a lot of the others have had. Brockham could turn out to be a monster! All eyes on the Weald and pedls are growing in value. Let's just wait till it's our time- BOOM
Uk- Done and dusted inside 3 months as Gerwyn knows they need to get a move on as some of the liscences expire in 2018 They may get an extension but CBM is easy,rich pickings.
Think that might be pushing it guys. That would make me a gazillionair It's certainly a big acerage and I'm intrigued as to what the cpr could bring. 10 bagger eary doors has good potential then it's up to Gerwyn to get the house in order. Corporate affairs New oil & Gas blood CPR Joint Ventures Early liscences for planning/Drilling This could be a very exciting stock in 12 months after the enlarged company starts trading again. The pedls are certainly sought after now with ukog/Angus and other Weald players flying the flag. Even a takeover,in time may be possible.
Trytry- I've only just read the rns when you posted that- lol like you say maybe a fag packet calculation as I believe there will be a lot more value in it for inft after the deal is done and cpr commissioned Imo Let's not forget assets held by a listed company are far greater than that held by a private company Ile take a penny for starters;0) Also depends on how much Gerwyn wants and he has to appease the money men
Baserite- You got it in one. But that can be held for when Gerwyn needs it. Never ever show all your cards. Cpr and a Joint Venture. The really important part will be the CPR as Gerwyns private company have to be very fair to get this away but also he knows giving the assets away at a good price will only line his own pockets(1/2 mill investment) He's a shrewd cookie.
An excerp from Somerset County Council Oil and gas development Oil and gas extraction To date, we have not received any planning applications for oil and gas development - there is no fracking taking place in Somerset. Fracking is a term commonly used to refer to the process of hydraulic fracturing, where a mixture of water, sand and chemicals are pumped at high pressure through boreholes into gas bearing rocks. The water opens up cracks in the rock, and the sand grains lodge into the spaces allowing gas to be released and travel back along the borehole. In the UK this technique is most commonly associated with shale gas extraction. Licenced areas in Somerset The UK Government is responsible for issuing Petroleum Exploration and Development Licences (PEDLs), through the Department for Business, Energy and Industrial Strategy (BEIS). There are currently eight Petroleum and Exploration Development Licences (PEDLs) blocks in Somerset, signed on 15 September 2016, as a result of the Government’s 14th oil and gas licensing round. All eight are held by South Western Energy Ltd (in three PEDL agreements) and you can view them on an interactive map. You can find further information on the PEDL agreements in Somerset on the Oil and Gas Authority website: PEDL320 – covers blocks ST25a, ST35a and ST36*; PEDL321 – covers blocks ST25b, ST34 and St35b; and PEDL344 – covers blocks ST04, ST14 and ST24 * ST36 falls within the boundaries of North Somerset While PEDLs give licence holders exclusive rights to pursue proposals for oil and gas development within the licenced areas, the licence holder will be required to follow existing planning and regulatory processes, including: applying for planning permission; applying for relevant environment permits; and gaining consent to drill from the Oil and Gas Authority (OGA). The licensee’s proposals will also be subject to scrutiny by the Health and Safety Executive.
Gerwyn has always wanted this so I think it would take a lot for him to relinquish the reigns however I fully expect a jv to be put in place quite quickly after the cpr. It's already known from studies that there are many many tcfs waiting to be tapped and the gov I believe will do everything in there power to see the gas to market. I know there are many here just looking for a fast buck but CBM is going to become a very strategic asset to hold as seen from the huge rise up of CBM in China. Lots of value moving forward imo. GL
Fyoz- It won't work like that! And that's the beauty of this. I very much doubt the private company had a cpr done although there might be one associated to the assets from the past Inft will get the cpr carried out but there is other things to think about Some of these liscences expire in 2018 so inft will be moving this on quickly to first strike. They will apply for various liscences to drill and extract gas (naturally in the beginning) early next year. We are on the escalator at the bottom but there could be so so much more value a year from now. I will slice and leave some to ride to see how the company progresses as you just never know where they could end up as CBM is by far the easiest/cheapest/quickest routes to get gas GLA
I think 15 mill mcap to start. Shame it was not uk onshore gas ltd as we would have got the whole lot. Be amazed if we ain't close to 1p Well done holders but we ain't home and dry yet so let's wait for the number crunching!
I'm pretty confident we will be ok. Relax, enjoy the time and let them sort it out as they have more to loose than us. Chill time, wait for the news then wait for trading to commence and wait for the herd;0) In a perfect world;0)
Rns Now that would be a bit special. In reality the bod can do what they want so I would think there will be some sort of update soon. Now we wait and see what Gerwyn has up his sleeve(hopefully) GLA
Still buyers bid will go to .15 so wait sellers
The .14 are sells MMS balancing the books;0)
Need to balance so if there is any last minute sellers hold as you will get a better bid
We didn't get a 2nd price monitoring today! Nearly all done and dusted. We are either gonna be very very happy or a bit sad. That's the gamble on aim GL
That those earlier big trades where buys as mms don't seem to have any stock. Now pis paying .14.5 robbing mms eh. They don't wanna get caught with any big sells so just widen the spread. Bid should rise soon
Fyoz- I think there's still a lot of pis who were waiting to see if they could bottom fish but not turning out that way so they will have to pay more or not bother.
??? By close of play I'm happy
No they lose it just like us so they will play with an even book or take the risk. And as they have raised the bid again that says they didn't have sufficient for the buys So? The big trades could well be buys. Always a guessing game with the mms as they can push or pull a stock to their liking getting to make pis think one thing but it's actually another. Makes no odds to me as I'm here until this plays out. Just trying to give peeps some scenarios if they are thinking of dumping or purchasing GL
Peer- I think the mms instigated that at 10.15 so peeps would look at the trades and work out they were sells but I fact are buys! Imo. Also since then approx 10 mill sells against 10 mill buys yet they have raised the bid so that says to me they are playing with an even book. Imo