The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
it's all very vague this talk of revenue, we're not sure it's before tax are after tax, or what sales are included or if it includes other cash generating activities. Should really wait for end of year accounts
From Proactive Investors Market round up: InnovaDerma PLC (LON:IDP), maker of the hugely successful Skinny Tan beauty range, said it remains confident of meeting market expectations for the year and has much greater visibility on revenues for the second half than it has in the past. The update came in a trading statement that covered the six months ended December 31 in which it said turnover grew by 31% on a constant currency basis to �4.2mln.
Share price down 10% on good commercial news!
Making money and accelerated growth
Flow testing results for PM1 due this month
Please could a knowledgeable investor in UOG let me know what flow rates they expect from this well?
Anyone is upset at being sold but it is part of the oil business, BP has sold numerous such assets as they approach mid to late tier of life to companies with lower costs, so that the fields profits can be maximised. BP swaps its old ops with new projects in the pipeline like Khazzan and makes huge profits. The staff will feel sore as they have been core BP for a longtime. It is true. But this is business, and they will work for Serica along with others to boost production over the coming years. Don't you think Serica know the issues with Rhum? But right now they are not an issue. I think this will be well run over the next few years and better than under BP's last few.
It's an excellent deal for Serica that is how BP has shaped it, as a responsible operator of the North Sea. They are good at this. BP staff are transferred as part of the deal and they will be looked after too. These facilities are served by Aberdeen as well and so there will be many contractors used to working them for SCE etc... It's not doom as you write. BP did this for Forties which went to Apache. Apache (US company) immediately upped the salaries of the x-BP staff and increased production from the field incredibly for may years. The tax write offs with decommissioning as well are clever and will save the businesses money. The oil men of Serica and Aberdeen are well used to transfers like this and see them as good business opportunities. BP has 5 new big projects to concentrate on, which will earn it big bucks. Serica have a great, great deal here. Of course there's stuff to fix on the platforms....there out in the middle of the North Sea....we have very trained people to do that kind of work
This company is making money. It's PE ratio needs to be updated!!
T&T's Guardian newspaper reports that State-owned Petrotrin is expected to increase its crude production by a further 21,000 barrels of oil per day (bo/d) over the next three years at an estimated cost of $5 billion. It is going to need help from the onshore E&P companies including LGO (Columbus). There should be incentives coming our way then.
I think Leo Koot has one eye on a Venezulan field, just across from TT.
The 2 gas finds are about 80 kilometres SE of Trinidad, (Galeota P).
I hope so. I know the area and it beggars belief that EOR was not started years ago. Geophysicists can collect data all day long and still not be content. LGO needs that expertise of course but it needs a business man leading it.
Any news from the visit to Trinidad?
We need some news to boost production like EOR
Saipem has been pretty good recently at getting contracts with the upturn
Exactly Tony13579, Gas is less carbon intensive and much cleaner than oil or diesel, we would do very well to substitute oil and coal for gas and increase renewables. We need flexibility in our energy mix especially if we are hit by weather extremes. We could further lessen our carbon footprint from gas by planting a lot of trees and generate a wood based industry. Gas industry also generates jobs and keeps those working in oil in business. But this is too sensible, too obvious, and too normal. The AuntieFrack are only furthering the investment in coal and purchase of oil from awful regimes and dictators. Our carbon contribution is only 2% of the world's carbon production and we are sadly not a nation that others follow for energy strategy.
San Donato Milanese (Milan), 9 November 2016 – Saipem has been awarded new contracts and change orders in the E&C Offshore segment, for an overall amount of about 1 billion dollars. In particular, the most significant are the notification of award by Saudi Aramco of two EPIC contracts (Engineering, Procurement, Installation, Construction), under the Long Term Agreement in force and renewed in 2015 until 2021 for activities in Saudi Arabia. These two contracts refer to, respectively, the development of fields in Marjan, Zuluf and Safaniya located in the Arabian Gulf, which are among the most important offshore fields in the Region. These contracts include the design, engineering, procurement, construction, installation and implementation of subsea systems in addition to the laying of pipelines, subsea cables and umbilicals, platform decks and jackets. Furthermore, the two contracts will also include additional maintenance and dismantling works on the existing platforms already operating in the fields.