The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Talking nonsense EinbertAlstein, did you watch the video -I think you vote for this party? "The Loony Party would issue fifty trillion pounds of quantitative easing and give all voters free lunch and complimentary drinks".
The Buchan re-development project is the flagship NEO project involving a re-deployed FPSO onto a new field with new wells and subsea infrastructure. It is a multi-entity project encompassing subsea, brownfield and greenfield process topsides and marine modifications, to be delivered in a short time frame. In addition, there is a requirement for the FPSO to be Electrification ready- meaning that complex electrical infrastructure needs to be integrated into the vessel to enable power to be accepted from a renewable source.
NEO job posting
NEO Energy is an independent full-cycle energy business in the UK Continental Shelf (UKCS). We combine value creation from the prospective North Sea basin with our commitment to be a responsible and efficient business. We operate a high-quality asset base with significant scope to grow production organically by extending asset life. Our ambition is to be a leading producer in the UKCS.
Our business strategy is to Excel by driving efficiency and innovation across the business, to Optimise by maximising the inherent value of our asset base and to Grow through further high-quality acquisition. How we will do this is by living our values of Teamwork, Respect and Courage.
The Buchan re-development project is the flagship NEO project involving a re-deployed FPSO onto a new field with new wells and subsea infrastructure. It is a multi-entity project encompassing subsea, brownfield and greenfield process topsides and marine modifications, to be delivered in a short time frame. In addition, there is a requirement for the FPSO to be Electrification ready- meaning that complex electrical infrastructure needs to be integrated into the vessel to enable power to be accepted from a renewable source.
More buys than sells for the last few days, that tells you everything and the price keeps on falling (like prior to the UBS RNS). Someone is loading up and loving it as others throw money away.
Why would a fund raise be needed...please explain as the structure of the deal offers plenty cash flow for JOG. Yes 12.5% is lower than I anticipated and disappointing. Can't imagine the UBS trade will be very happy this morning but I see more positives than negatives here. Very disappointed to see the share price where it is given the open but that's the games MM always play.
This looks like it might be a tie back FDP which in the current climate is probably the beat option. NEO Energy are a great partner, very ambitious company with stakes in some great valuable producing assets. Well done JOG and the team
Thanks for the advice, Sparta. I needed it. It does sadden me that there are so many manipulators on this board, part of the game, I guess. Also, there is lots of filtered content on my screen, so I'm guessing JamesSimonBriggs is high as a kite.