Member Info for solstace

Someone mention Skegvegas??

Tomorrow or Friday I would think.....

19576 crore = $253,356,898,720.00 with annual interest of 1804 crores = $23,337,650,800.00 YES $254Bn with repayments of $23Bn annually! Aint no way they could even get a few Rupees to throw around lol

https://timesofindia.indiatimes.com/city/ahmedabad/plan-made-to-pare-gspc-debt-by-42-in-three-stages/articleshow/65614676.cms

Total looking for opportunities......

https://economictimes.indiatimes.com/industry/energy/oil-gas/total-sa-in-talks-with-multiple-indian-firms-for-stake-in-lng-terminals-city-gas-projects-ceo-patrick-pouyanne/articleshow/66233488.cms

Bailing out GSPC

In August 2017, ONGC was made to acquire all of the 80% stake of the Gujarat State Petroleum Corporation, owned by the Gujarat government, in a gas block of the Krishna Godavarari basin, off shore in Bay of Bengal, for nearly Rs 8,000 crore.

For this, ONGC paid around Rs 7,480 crore in 2017-’18, according to its website
The field was auctioned during 2003 under the erstwhile New Exploration Licensing Policy, which has now been replaced by the Hyrdrocarbon Exploration and Licensing Policy approved in March 2016. In 2005, the Gujarat State Petroleum Corporation that the Krishna Godavarari basin block was the discovery of the century for India.

However, the block did not see any commercial production even by late 2015. The Gujarat State Petroleum Corporation has debt of Rs 19,576 crore, for which they pay interest of Rs 1,804.06 crore per year.

So, buying the block from is nothing but a losing proposition for ONGC

https://www.dailyo.in/politics/gujarat-state-petroleum-corporation-gspc-krishna-godavari-river-basin-jairam-ramesh-narendra-modi-ongc/story/1/27340.html

The GSPC issue can be distilled into a single sentence. An over-exuberant GSPC stretched itself thin chasing after these illusory oil reserves in the KG Basin that never materialised, it spent vast sums of public money (close to Rs 20,000 crores) to do so, acquired unnecessary assets in parallel and now is sought to be bailed out using taxpayer money.

Probably RIM lol

your reading it wrong they sold 1.23% circa 27m shares (From a holding of over 200m shares, so peanuts to them)

Reported, Admin sort it out ta

And the Twitter trolls come out declaring they've all opened shorts lol

But This is primed for a big few days....................

Rosser, I think you'll be waiting forever there Chesh. I bailed over a year ago now and never looked back. Hope it does come good for you though!

Hey Chesh, all good here mate thanks! Hows your good self?

Don't get angry because you were caught out!!!!!!!!!!!!!!!!!!!!

The only one misleading is you! You blatantly miss quoted a poster so get back under ya rock!

Bell end

Douche, if your going to "Quote" someone at least get it right! He said "Likely not too"

:-)

MM's running out of stock, NT to buy and people saying that's it for the day lol Loooooong way to go yet, don't sell out early she got Legs ! :-)