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What gets me infuriated is the income TL gets under both circumstances. If its piped to Darwin is something like 79%.
If it gets refined on the Island they get something like 80% via taxes and royalties etc etc.
The numbers may not be right (please feel free to correct them) but I am pretty sure the difference is tiny between the two options. They get the lions share under both, So why spend so much on Island infrastructure, and wait a further 3 to 5 years for a 1% delta...
Seems like madness to me, ...
I believe Horta has already travelled the four corners of planet earth seeking investment, ending up recently in London.
It is time for them to stop deliberating, and make a firm choice, either invest in vertical integration or allow the gas to flow to Darwin or via FLNG.
Time is running out for SWF, and also agree Gas is a transition fuel to get to the green economy.
If they wait to much longer the transition period will have passed them by....
Https://www.newswire.ca/news-releases/toscafund-asset-management-llp-880342073.html
New part of the web...?
Link Curtsey of Bob on TG
LOL.Fin.
I thought you were joking about Uncle T being involved in the company, "The REAL MAN Pizza Company".
https://find-and-update.company-information.service.gov.uk/company/FC030720/officers
Is that the one where you pay to Isle of Man but get delivered a load of Greece...
Nervous times for the Fishermen.....;-((
No doubting Hortas concern for his country, he has fought a great battle.
Times have been good thanks to the gas. But SWF and cash generating gas fields are running on fumes. (Bit like the Company Travel card.)
By 2030 they are again, 'begging bowl', in hand, despite the huge -Sun-ditch wealth they have offshore. Let alone what Eni wanted Area P for....
What's caused the delay to monetisation? [a self centred inflexible government]. From what I can gather, the percentage royalties and taxes received by TL between piping to new infrastructure at TL or existing infrastructure at Darwin is small. So why elect to burden the country with $18 billion (China) debt and wait a further 3-4 years before monetisation over and above from a "ready to go" floating platform.
Hard Question for Stephen Sackur....?
Tbh MrD, what happened over on HE1 last few days has restored my faith that sp can go up on RNA release.
The application of a little bit of helium has helped mend the COPL wound a little.
If sentiment can change here given, wapnin, over the next few days then BOIL as a predominantly pi share should gather a large crowd.
And why not, the asset is there for exploitation....