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Been working so first chance to pop in. You have to remember that if they are going after uk onshore gas ltd then there is a host of other companies that come under their banner. There's a lot of corporate stuff to chaff through and that does take time. Well Gerwyn is certainly taking this to the wire. TBH we will get some sort of suspension so the larger company can be valued. Still holding as I feel I'm in the right place to make some good profits. Good luck to all holders whether you sell up or stay. He needs to make this work so I'm thinking he will throw in the kitchen sink to get it away. GL
Somerset: cider, cheddar, Glastonbury and… extreme energy? Still reeling from the green-lighting of Hinkley Point C nuclear reactor last autumn, a quieter announcement about energy generation in Somerset was made in December 2016. This time, it concerned fracking. “I am not going to give up until we see gas being produced from the areas we’ve been working on for many, many years.” The CEO of South Western Energy, Gerwyn Williams, appeared on BBC Points West radio programme to announce the plans, with a disclaimer that there were still planning and environmental permits to get through. The drilling itself, he said, could take place within two years. The exploratory drilling of the type Williams proposes looks first for conventional oil and gas, with the possibility of then using fracking to determine the extent of further ‘unconventional’ reserves. Given the regulatory hurdles it’s far from a sure thing, but, Williams told the BBC, “I am not going to give up until we see gas being produced from the areas we’ve been working on for many, many years.” Williams, an ex-miner and attempted fossil fuel entrepreneur, has indeed been trying to hit the shale and coal bed methane reserves under the West Country and South Wales for years. He’s the man behind most of the successful bids for licences to drill that were offered in the government’s 2014 ‘14th licensing round’. PEDLs (petroleum exploration and development licenses) were granted for blocks of land throughout the South West, including the Forest of Dean/Wye Valley areas of Gloucestershire and Herefordshire, and chunks of Wiltshire and Devon, along with coastal Somerset. Previously licensed PEDLs, spread over parts of South Wales, were also won by Williams’ other companies: Coastal Oil and Gas and UK Methane Ltd. But Williams has, like many other would-be frackers, hit roadblocks. The ‘dash for gas’ that a few years ago was expected to occur didn’t materialise on a big scale either nationally or in these regions, much to the chagrin of a government hell-bent on opening the hellmouth. PEDLing in the wrong direction a giant white fat man sucking on a black milkshake with a village green floating on top UK government energy policy. Cartoon credit: www.KyleVonbrown.com PEDLs give the license owner the right to explore for oil and gas within the area of the block, subject to landowner and planning permission, environmental permits and other regulatory hurdles. The first step is an exploratory well to ascertain the extent of the reserves beneath and whether they can be exploited. The government is so strongly in favour of drilling for gas that it has implemented a tax break regime, allowing 100% of the cost of plant and equipment to be set against taxable profits in the first year. George Osborne boasted at the time of making the tax regime the “most generous for shale
Stan- Right place right time;0)
Well someone managed to get 7.5 mill At 3.30 Someone's keen;0) And why not!
Maybe the mms have had the wink wink that RTO is complete. They then take it down to scare peeps out of stock- rns lands and they make a killing- as usual selling them back multiples higher. I've been here quite a while waiting for this thru some very lonely trading days on my own. I've done my homework on what I think may happen and staying even though I nearly one bagged the other week. Interesting times ahead- I hope;0)
Hey listen Gerwyn has ploughed millions into his private companies with little return. This is his opportunity to move all the assets under a fully listed company which in itself saves a fortune. So this is a huge move for him as he's giving up a lot to move them over to inft That's why he owns 30% of the stock and also I think he will also get even more out of the deal as compensation for his previous efforts This could end up with quite a substantial mcap- Gerwyn knows that;)
Trytry- I think some don't understand the complexity here. Inft could end up with a host of companies assets that Gerwyn is already attached to. I think in 2015 he was only going to RTO coastal and the money men said no. I think they want him to throw the lot in so I hope he has learnt from 2015 I don't think he would stick 1/2 mill in if he was not certain on the way forward. I'm not posting it again but I posted the list of connected companies that are all under the banner of? Uk onshore gas ltd You throw all those assets together in a bundle and RTO them into a listed company as that way Gerwyn save ALOT of money as they then tap the market and investors to fund the projects. All imo. Hey we could be way off but I don't believe so as it just makes good business sense to move the assets forward he has but without having to plough millions into them.
Latino- Your an adult so make your own choices. We don't need to be ******** on here. We await news. Yes it's a gamble as most stocks are. If you think Gerwyn can get the RTO completed and which companies/liscences they may gain- Stay If you have no idea, done no homework and punting- sell as this may not be for you Good luck in the choices you make I hope it comes very good for all.
Try try- well done, fingers crossed we actually get All the liscences as this will boom bigtime
With Cairn They have issued the rns to clarify the position as all investors did not know if it was end of trading today or tomorrow. This is why the rns has popped up so nothing's changed at all. I fully expect RTO be completed Regards Read my earlier post as I contacted them this morning for confirmation of when trading ends and when suspension starts. I have topped up and staying put. Dyoh This could be very very good if you understand the complexity of the situation GL
Peeps. No point arguing! IF it does suspend it won't be for long and I personally think we will get the news. When it lands we will multibag so concentrate on that. GLA
Well said Valion. There's a lot to be sorted out as everything has to be in place and negotiating fees,payments,asset value etc have to be trashed out. Gerwyn has good experience from 2015 and knows what he needs to do. He is and knows he is gonna have to give a lot from his private companies to make this boom. In a way he gives a lot away to get more return on his investments
From speaking to cairn I gleaned a few things. 1, The chap had to go off the phone to investigate my question even though he knew about inft. 2, If the shares were going to be suspended Cairn as their Nomad would know this probably already. 3. I got the feeling that they were not expecting the share to suspend otherwise he would have given me the answer straight away. Could be wrong but just sharing my thoughts from the call GLA
That was supposed to say not long till rns( on phone)
I've just been on the phone to Cairn who look after inft. They have informed me that the shares will be suspended fri morning if no announcement is made tomorrow. So trading as normal tomorrow. Long lost till rns
Jp- That's correct. Saint- If I am wrong I stand corrected but I believe tomorrow inft will be allowed to trade until 4.30pm Also if you check out uk onshore gas ltd they are the owners of the others I believe?
John- He has ditched 7 companies in the past as these people don't care apart from a chance to make money. This is a fantastic chance for Gerwyn to make great money so yes it will go ahead and the signs were on the wall when he purchased 480 ks worth of stock. These are always left to the wire for 1 reason- The market is bent and peeps connected can/will pick up stock cheap on the back of weak pis bailing. If there is s big sell off I'm ready as I have moved a lot of my portfolio around over the last few weeks to be ready for any bargains. Very comfortable with my position as I'm only going by the facts we have. All the rest is just noise. GLA
Tomorrow is a trading day
It's not about being a chicken. From everything we know the RTO is going ahead with Gerwyn holding many shares and our tiny Mcap will be blown out of the water Good luck all
Has got tooo much to lose for it not to happen. A new cpr of the assets will be carried out once we know the assets we are getting. In reality this could move quite quickly if they push for confirmation to drill as it's only 400k to sink a bore hole. Certainly multibagger potential. The clocks ticking and we await the imminent news. So if it's uk onshore gas Ltd I'm presuming we will get the other companies that are owned by uk onshore gas Ltd?