Member Info for ShouldveSold

Its all quite convoluted.
SCIR doesn't have "world class asset" money, so its in-line with current cash, without having to raise or borrow.
I'm still not sure if I should be punching air in joy or not.
But with a double year end loss in 2019, £45k a month is something to be upbeat about. I doubt that will cover admin & salary costs but, one small step away from NR, a giant leap for shareholder kind.

Bo that information is evidently due in September. As for the middle cruise numbers, another few weeks isn't long to wait.
Hypothecial discussions about a CEG reverse takeover of Stena or selling the WPS to the Germans for 150M dollars could entertain this bb till then lol :)

I am a bit confused as to why this EAG JV is a private company. So all future deals will be done somewhat in the shadows.
I don't know who the Montgomery Brothers are; I am guessing they owned Greenan Energy & have been bought out & ousted?

Ok reading through the company presentation, I thought EAG was going to be the "special purpose vehicle". Evidently its Greenan Energy which is the S.P.V with EAG as the parent company, which Scir owns 50% of, so a 3 tierd corporate structure.

Page 18 of the presentation suggests a lot of growth in the sector be many companies making this switch to biogas.

Separately page 12 of the year end RNS with the section titled "Growing Concern" I think you should all read.

So from my understanding Scir will now own a asset which is/will be generating circa £500,000. Notwithstanding capex that's a 2.5 year ROI. 

Financial commitment settlement news.

Thus the trap that is set & snares you every time lol.
I've learned how to dodge them; it means I spend less time on here replying to things I am really wasting my time replying to because the point will be raised again the next day.

Yea thanks mrc I have found it & am currently "digesting" it ;) ;)

Ah well at least there is a shareholder Q&A. Many of you have unanswered questions you can now submit.

I want to be happy about today's news but being as I know nothing about biogas or how much cash will be generated month on month, I don't know how to react. I don't think the market does either.
Are the figureýs elsewhere?

So Scir has gone from a VC firm to a Energy E & P firm and is now going back to its VC roots...?
I think the "Special investment vehicle ' news has sent shivers down the markets spine.

Eytan has a clumsy style of writing these RNS where he says everything twice. Like a preliminary section of paragraphs, followed by an indepth section.
I was expecting financial news not just S2 news. Any way its good to hear that drilling is going as planned.

Ross I find it so much easier to not engage & only read & respond to the posts that have relevance.

Ross I don't think there is any need for you or for anyone else to apologise for what they think & or believe.
Even if regular posters are promising of great things to come & those things don't materialise, no one is speaking on behalf of or making promises for the company.

Druid just to give you a heads up; prepare yourself for the "importance of a Working Petroleum System" debate.
( can of worms....oil shows everywhere :S)

As in for tomorrow? Or long term when they get a green light to produce?

I am expecting a business update tomorrow. Hopefully this will be news on financial settlements/new arrangements & a update on drilling. It should be around 60% of TD now.

To think that this has been unresolved for years & looks like it will remain this way, I am not surprised no company wants to buy into Tanz assets.
My finger pointing for the Scir being in this stoic position, is at the Tanz Government alone.

Finally hit .24. I have been waiting for this entry point for ever.
With 5 more months of exploration ahead, I think the only thing that will move this higher is the newco listing. Will that happen by year end?

Michael that's 300ths of a penny away. 1 CEG tweet could move that increment. Or do you mean 3p in old money? I.e 30p?

Google " Statement of Policy: Delaying annual company accounts during the coronavirus crisis
Statements First published: 26/03/2020 Last updated: 27/01/2021"

The above doesn't mean All companies are choosing to delay nor am I speaking on behalf of CEG, its auditors or any other "Caribbean Company"

What variables are you referring to Ibiza?
The outstanding costs have been documented. They can't go any higher but have a possibility of a reduction from Stena negotiations.
Do you mean the enviro legal costs?

"A trading update will be published later this month"
Hmm I wonder if this is regarding final settlement of outstanding costs.
So flow rates on S2 & Suriname will be released before year end figures now forecasted for September, which I find odd. Feels like this is more about burying the bad figures in amongst the good. Saying that; other companies have also taken the opportunity to delay results based on Covid.