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Https://twitter.com/Shukaminerals_/status/1880198061282218353

Https://www.h2-view.com/story/uk-hydrogen-projects-stuck-in-limbo-delays-risk-jeopardise-supply-chain-and-growth/2118433.article/

"One year after the UK Government announced £2bn ($2.5bn) in funding for 11 green hydrogen projects, delays in securing critical agreements have left the industry in limbo, threatening supply chain growth and jeopardising the country’s hydrogen ambitions."

So even after getting the green light, delays mean after a year no further forward.

Remember, EPP hydrogen post 2033 IF no delays over next 8 years.

"Uncertainty over government support also behind decision to suspend Project Cavendish"

https://www.hydrogeninsight.com/production/exclusive-shell-backed-blue-hydrogen-project-shelved-amid-cost-concerns/2-1-1554549?zephr_sso_ott=hUZ1y2

We know for the last 3 months NTVO have issued an operational update in the third week of the month. So next week for January.

...it's starting to bubble away. Something brewing?

You go Gordon !!! Buy buy buy

Unfortunately Edwood, the markets hate speculation. So what will be cut is anyone's guess. Until Rachel Reeves tells us, everything is n the table, including cutting funding for hydrogen projects etc etc

Will interest build today on anticipation of an operational update RNS next week?

Ask him. Email him

I'm sure interest will build ready for next week

Larger contracted for sometime in March.

I wonder what the bog rig does that the little rig couldn't???

Any thoughts?

Not knowing if this is 2025 or 2026, telling people drilling starts in Q2 2026 needs to be corrected

Gordon, the whole interview was a shambles in my opinion. Not knowing what year Roland exists in, is dangerously Biden-esque. At one point I was expecting him to proclaim that at least he'd fixed Medicare.

The whole things needs a clarification RNS immediately. Email off to Roland then Gordon?

Edwood,

Even you can see what is happening to the £ and gilts. Interest rates, and thus the amount we are paying back, is going up with the potential to break Rachel Reeves own fiscal rules.

She either taxes us more or reduces spending. The cost of net zero is over £300bn, are hydrogen project the future or is battery technology part of the answer?

All I know is that between now and March when the ONS issue the fiscal report, there will be uncertainty around government funding for any of what EPP are doing

I can see one solution being a less projects on a slower road to net zero, spreading the cost of fewer projects over more years.

All I was saying is the next RNS should be good, plenty of ore to be processed from along the vein

Edwood,

Please don't mistake statements of fact for deramping. For everyone on X saying this is going to much higher, there's a realist on here stating facts.

Another fact

Once the ONS issue their statement on the UK finances in March, we will see if Rachel Reeves taxes us more and / or cuts spending. If it's spending cuts, will the path to net zero be extended or certain aspects like Hydrogen projects be cut?

I think you are under playing it Gordon, I make it £31.02 in buys.

We were uo 5% earlier when I looked, lol

We dropped 9% yesterday but ended flat, now up 5%.

Interest is building.

So they are going to need to pay for this through until the END of 2027, so essentially the best part of 3 years!! So 11 months of 2025, all of 2026 and the vast majority of 2027

If they do a deal as a JV they are going to have to hand over a %age of the gig (and profits) to the JV partner.