Member Info for spawny100

Shell's future strategy apparently relies on CCS increasing at least 5 fold from current level.
https://www.reuters.com/article/us-shell-strategy-breakingviews-idUSKBN2AB14H

They could. Or they could save themselves the hassle and licence some technology that is already proved up. Or just buy the company!

Either oil will be a has-been energy or sucking plant food from the sky will be a has-been policy. My money is on the latter within a decade or so.

Bill Gates and the WEF are pushing carbon capture etc. It will be huge - even though it's a completely ludicrous idea imo). Even this article states that it will help 'extract more oil'. That's what this is about.
https://www.cnbc.com/2019/06/21/carbon-engineering-co2-capture-backed-by-bill-gates-oil-companies.html
BUT this will push things like the Enhanced Oil Recovery for the likes of Predator Oil and Gas (PRD). Well worth a look.

Yep added 25k at 11.85 so pretty happy with that.

The other potential customers he mentioned have not yet been contracted. They are still in discussions at various stages of development from what he s

Am I correct that the price per unit of gas for this new customer is not yet known and not incorporated into their projected revenue for 2021?

Thanks Interzone. I was showing my ignorance there as I wasn't invested here a year ago!

I heard that about the new agreement. Why was that not rns'd then? Surely it's newsworthy?

To be honest I don't get the glaring discrepancy between SAVE and TXP now given that SAVE are already providing gas and TXP have not even got a pipe in the ground yet but are valued at twice the price for a contracted revenue stream (so far) of around half that of SAVE. From this very simple calculation SAVE ought to be 60p+ right now surely? Both have significant exploration opportunities but SAVE have the option of signing up more customers at higher prices no longer available to TXP. Not deramping TXP as still my biggest holding but just questioning how long this one can stay at these levels.

They'll take 250k for 6.03 at the moment.

Nice intraday reversal, decent buying at the end and good finish suggests the retrace may be over?

Just found the page to answer my own (lazy!) question. https://www.savannah-energy.com/major-shareholders

55.3% institutional holdings plus AK with his chunk. Miton have a decent load here same as at TXP so it seems they can see that natural gas will be the fuel of the coming decades that is actually behind all the pomp of "building back better" and the "green revolution" etc.

Any ideas why the rest of the board seem reluctant to increase their holdings at these seeming bargain prices with lots of potential going forward?

Does anyone have an up to date list of institutional holdings here please? TIA.

Still no stock around. NT to buy anything at all. Took a long time to get a quote for 50k this morning.

Great Post thanks Trek will take a look at some of those. I confess I've had to break your rule 1 though! I was 100% in TXP most of 2020 and decided it was prudent to derisk as having all that profit in one small company in one small country was too much risk. So am now only 80% in TXP!

Ps what countries are on your list to move to hs or photo? Bulgaria, Hungary, south of Russia, Portugal all on my list!

Personally I'd rather have investments in fewer companies but more in each Photo. E. G with the £30k or so you mentioned I'd rather have £5k or £10k in 4 or 5 companies. That way you're not overwhelmed and can research each one in some depth. Just my tuppence no advice intended etc.

Similar dreams to you guys here in using TXP to fund us moving abroad somewhere sunny with cheap land! It's funny though how greed sets in as TXP keeps rising then my aspirations increase! A year back I was looking for £150k here to fund the move but now my sights are somewhat higher already!

New exploration target called Steelhead discussed on a Norwegian board and posted on the other UK board. 2km South of Royston and will be drilled after it! Another poster said Xavier has confirmed this. Continuing the fishy theme!