We would love to hear your thoughts about our site and services, please take our survey here.
Previous rns SAYS GAS PIPE CONNECTED BY YEAR END 2024 SO SAYS TO ME NOT NEXT FEW SESSIONS
NOT far now johnL I NEED 4.50 as summer tends to drift . ALL the best john
Last few days HAD BUYS AT 25/28 PLUS just thought jse was turning a corner . LETS HOPE GOOD NEWS on april 29th all loans agreed and gas plant 99 percent ready
SOLG been a dreamers share for years no disrespect to holders
HAD A CHANCE TO GET THIS AT AT APPROX 1 POUND A SHARE IN APRIL live and learn
What was the bid price before as this seems to be going on for a long time
Took 30 pound loss same day HOWEVER IF HELD OVER 200 i dont hang about i see when the book is against me i sell i dont take prisoners these days . Will try again when i see fit .GOOD LUCK
The main gas-bearing reservoirs in the Akatara field are the UTAF-B formations, which were deposited in shoreface to foreshore marine environments and are expected to be laterally continuous across the field. The range of porosity and permeability in the UTAF reservoirs is 17-28 % and ~120-9,610 mD respectively.The Akatara gas field has been independently estimated to contain a 2C gross resource (pre local government back-in right) of 63.74 bscf of sales gas, 2.45 mm bbls of condensate and 5.64 mm boe of LPG, equating to a combined 18.7 mm boe of gross resource.1On 1 December 2021, Jadestone announced that it had signed a gas sales agreement (“GSA”) for the Akatara field with PT Pelayanan Listrik Nasional Batam as buyer. The key terms of the Akatara GSA are detailed below:Daily contract quantity (“DCQ”) of 20.5 BBtu/d commencing in H1 2024Gas price of US$5.60/mmBtuAnnual take-or-pay quantity set at 90% of the adjusted annual contract quantityMaximum daily quantity set at 110% of DCQThe Company anticipates that the Akatara gas field will deliver a gross plateau production of approximately 6.1 kboe/d, based on an estimated gas production rate of 18.8 mmscf/d gas (gross), plus associated condensate and LPG, for a duration of seven years.1 Based on an independent review of contingent resources by ERCE, an independent qualified reserves auditor, dated 17 March 2021.
SELLING SO NEAR to fda .IF THEY bought at 3,5p .Nothing is certain however if any one can do geni can . Fda might need more questions but i doubt it .
Production: 20,000 - 23,000 boe/d, a c.55% increase on 2023 at the midpoint. FROM JAN 2024 TRADING UPDATE .So if gas comes on we be up to 30000bopd approx ? IF SO income be well over 2 million daily
R&Q Insurance expects large ‘adverse development’ on loss reserves
BY:MARIA WARD-BRENNAN
Bermuda-based London-listed speciality insurance group R&Q Insurance Holdings has said it will report a “significant pre-tax loss for the year.”
While the company said its plans to sell key business divisions were on track, it also warned: “Following extensive internal and external reserve reviews R&Q Legacy is expected to realise adverse development of ~23% of the Group’s net reserves for the year to 31 December 2023.”
These adverse reserve developments, as well as the sale of Accredited, are expected to wipe out any gains.
R&Q announced in October that it had entered into a conditional agreement to sell Accredited, its programme management business, to private equity investment manager Onex Corporation.
ADVERTISING
On Friday, the group said it was still on track to complete the deal by the year’s second quarter. The group announced that Accredited is expected to recognise gross written premium of $2.1bn (£1.7bn) and fee income of $90m (£72m), up 17 per cent and 12.5 per cent, respectively, over the prior year.
Elsewhere the group said it continued to face issues with R&Q Legacy. Back in December it was revealed that regulator Bermuda Monetary Authority (BMU) put R&Q on hold until it completed a review.
R&Q stated that reserves under management at year-end 2023 are circa $1bn (£800m). However, this would be reduced by circa $670m (£535m) following the sale of corporate liabilities Joint Venture.
The group revealed that it had reached an agreement for asset manager Obra Capital to acquire all of the interests held by R&Q and its affiliates in the Joint Venture between Obra and R&Q.
The terms of the agreement stated that Obra, R&Q Solutions LLC and R&Q Re (Bermuda) would transfer their collective 49 per cent interest in the Joint Venture to Obra.
R&Q received $7m (£5.6m) in fee income in 2023. As consideration, R&Q will receive $27m (£21.6m) in cash from Obra alongside the transfer and delivery of $3m (£2.4m) of preference shares held by Obra in Randall & Quilter PS Holdings.
Commenting on the sale of the joint venture, Jeff Hayman, chairman of R&Q, said: “We are pleased with the strong return on our investment in the Joint Venture, and this agreement is in line with our objective of realising value from within our Legacy Insurance business.”
“Although we believe that the corporate liabilities market continues to represent an attractive long-term opportunity, developing regulations, including potential changes around capital requirements, have reduced the strategic attractiveness of direct equity participation in joint ventures of this type for R&Q.
“However, R&Q’s expertise in the management of long-tail liabilities means that servicing and advisory opportunities will continue to exist in this space and the provision of solutions for corporations seeking to manage such liabili
Gas plant ready WITHIN THE MONTH .. ADDED just over 28 thats ok if she drifts will add more
TRUE TO FORM 33 did say at 45 take profits
Great fund raise
Will look to buy at 4.50 in a few weeks on the summer drift
Kind thanks Jasonsax
ON MY SYSTEM surprised not moving up unless we have a big seller
I SEE on my tv channel promoting MONGOLIA it was saying how easy it is to invest there . i was flabbergasted its been nothing but a pain
What kilos
One 60000 AND DONT MOVE