Member Info for testpack3

I assume most people will recognise that in my post below I am referring to the BP Maconda rig which exploded after a gas escape in The Gulf of Mexico in 2008 I believe. 11 men died. The rig was owned by Transocean and the Blow Out Preventer valve, which failed to operate, and was the reason that oil and gas escaped, was supplied by USA's Haliburton, who, after BP sued, filed for Chapter 10, and BP were found guilty in Court. Haliburton did not pay 1 cent.

I havn't read the claim, but from posts below it seems to be bout the 'shape' of one of the key modules. Whether this is indeed patentable , may be a mute point, Remember the case will be heard in the 'good ol U S of A' where facts are seen as a hindrance to bigotry. It starts at the top. Remember BP. Even Pres. Obama, when visiting the shoreline in Louisiana, with oil coming ashore, called it British Petroleum, a name not used since 1997 when it took over Standard Oil. This was deliberate to inform not only the American people, but the Judicial system, where the blame lay. Do not expect fairness or justice in The States. It's a pity the UK legal system did not share this sentiments when it judged the Occidental run North sea oil platform Piper Alpha an 'accident', which cost the lives of over 200 personnel, and Occidental paid out a few millions in compensation to families. BP paid out in excess of $80B.

Unfortunately, I am disappointed with the news. An 'ambitious' target for finance and permitting in 10 months. I would have thought, and hoped, with the feasibility study and excellent ROC rates, that there would be a short list of at a dozen or so likely lenders, that at least the Company could have a HOT agreement in place in relatively short time. We have had the feasibility study already for a few months. Permitting is something that should have been done as soon as reserves were discovered. No permit, no site. And then, mining not commencing for 2 years after the above have been achieved. So 2nd Q 2023 for mining. I was at least holing for 2022, and mid at that, that's 2 years from now. He's not exactly in a hurry. Disappointed.

cont.
'Waste heat
A role for waste heat page 22
BEIS’ upcoming Heat and Buildings Strategy should recognise a clear role for EfW heat to provide accessible low carbon
heat, as a key early element on the road towards heat sector decarbonisation.
Addressing the heat challenge page 23
The Government should implement a package of aligned and complementary measures drawn from the menu in this
report, to address identified barriers to the EfW heat challenge.
Finding the right location page 24
The Government should establish or actively participate in a cross-sectoral forum to consider the appropriate location
of EfW infrastructure, prioritising finding potential heat customers.
Planning and nearby development page 30
The Government should revise the National Planning Policy Framework’s presumption in favour of sustainable
development to include proposed developments using EfW heat'

My comment.
Rather than being dismissive of PHE technology, it merely states that there is insufficient evidence to date of 'large scale' plants that will be commercial. Hence Protos site. All it has to do is work, and make lots of 'clean' H2 , remove plastic and tyre waste from our, and other countries,and make lots of dirty money.

Some key points from report;

EfW technology
Within the wider framing of EfW, there are different technologies for certain waste streams. For example, anaerobic
digestion is the preferred technology for managing residual food waste, whilst combustion EfW is used for mixed
residual waste. Additionally, Advanced Thermal Treatments (ATT) including gasification and pyrolysis are being
increasingly explored with financial support through Contracts for Difference (CfDs). However, this inquiry found
limited support or evidence of ATT being currently proven on a large, sustainable scale. EfW can therefore be taken
to refer to available and proven combustion technologies'

'Energy from Waste can support low-carbon domestic heating, energy-intensive
industries, aviation, and more. At the same time, it could attract important
investment into communities and create jobs across the country as we recover from
the economic shock of COVID-19. To help to provide certainty for the infrastructure
investment needed, the Government should clearly set out the future role of EfW,
and provide a stable, long-term, and ambitious policy framework. '

'Waste policy
Residual waste treatment page 11
The Government should release a policy statement outlining the future role of EfW as the best available residual waste
treatment, as well as its role in helping to decarbonise other sectors.
Managing our own waste page 15
The UK should stop sending its waste abroad. Rather than paying other countries to recover energy from our waste
and buying energy back, the UK should deal with our own waste and recover more of our energy and heat needs.
Waste projections page 16
Defra should produce a waste and resources roadmap, outlining the targeted and managed transition to a circular
economy and net-zero ambitions.
Climate and the environment
Decarbonising EfW page 12
The Government should support the development and integration of Carbon Capture and Storage technology into
EfW facilities, in anticipation of a future carbon tax.
Recycling and waste prevention page 17
Defra should continue to drive up recycling rates, including supporting innovation and technology development; and
eliminating plastics from the residual waste stream should be prioritised.
Waste and public awareness page 20
The Government should drive a national public education campaign around personal responsibility and waste
management, and its links to climate change. This should engage authorities and encourage communication of the
end-process of residents’ waste.

petertee. It was an opinion of yours that the trade was a buy, I gave an alternative scenario, based on facts. It is often misunderstood re; offer/bid, and posts on what a trade was, are boring, since only the broker, mm and person executing know the facts. I only , boringly, reply since in your reply to me you capitalised BUY, as though you were shouting the word at me. Please attempt some kind of control on a BB. And then, if things couldn't get much worse for you, with an hour or so left to market close, you though that sp would finish 4.2, whereas in fact, it further reduced. It puts into context your buy opinion. Experienced investors, with money, who regularly trade in multiple quantities of 'market size' , and the 1M trade comes under this category, know that in many instances, they have to pay a premium to the sp. It depends on such things a free float of shares, number held by MM's and a few others. That is why one often sees a 'market size' trade , traded a number of times in a relatively short time scale. This is done so the trade will go through at the 'advertised' advised price, and then performed again, and again. The beauty of electronic trading.
daveness. MM Market Makers are firms that brokers use to buy/sell shares and they make profit on the difference between the buy'sell price - the spread. They are responsible for making the share 'liquid', ie tradeable. They can also 'hold' shares in their own right. Since they 'make' the market, and there may be several MM for highly liquid shares, and fewer, sometimes only one for illiquid shares. If there are 'few' MMs, thay can set the price at any price they want, which will atrract bith sellers and buyers. Do not take any heed to the buy/sell as shown in the 'share trade' section,. Google it to find out more.

since at the time of the trade, the trade price of 4p was below the ask price, and the fact that the sp is 4.5% down, strongly suggests that the trade was a sell. In any event, the sp is down.

These 'fund raising' RNS's should always carry the caveat, that the funds are 'really' needed for continued payment of BOD salaries.

Newboy58. Jeez. Before I give you my e-mail address, please let me know what I have to 'cease and desist' doing, or what 'threats' I have made, and of course, you no doubt are the aggrieved party, and since they are common place , according to you, please let me know a few companies who are in receipt of these 'threats'.
I'm pretty sure Aries have filed a complaint with specific allegations. Its claim may well be frivolous, but will certainly have the effect, which may be the plan, to put in limbo EQT plans in USA for the time being.

Not good to know that EQT knew of possible legal action in late Jan. '20. Beside not being a patent lawyer, i'm also not an AIM compliance lawyer. I believe that, as part of AIM RnR that companies should inform the market , at the earliest opportunity, of any occurrence that may affect the share price. Clearly, a threat of legal action over a patent infringement is an event that may affect sp. EQT may leave itself open to further legal action from investors who bought in 'good faith'. I'm not sure if an actual financial loss has to occur, or if the 'offer' documents were misleading. Any help on here?
Also not sure why the Aries complaint is specific to NF and not other projects? That is why it is important for investors to have a RNS detailing complaint. Please mail CEO.
BTW Lunsam, thnx yr reasoned response.

Error
Not 2000 Million, but 2000 Billion.

Democratic Presidential Presumptive Joe Biden, yesterday announce a $2T ( 2000 Million) 10 year plan for all electricity generation in USA to be C free. Compare this to Idiot Trump, who believes Climate Change is a hoax. Also USA to re-join Paris Climate Agreement. This bodes well for any 'green' company in the States. I believe Biden will also push for C free transportation. The States are obviously the Worlds largest producer of waste tyres and plastics. Each USA City could easily handle 10-20 DMG or similar plants. DR should be now compiling lists of 'partners' over the pond.

Bigbench. Yes, a spell in The Naughty Room is warranted for you for mentioning the 'unmentionables'. Another poster, who I believe started the **** talk many moons ago, and even bought a registration plate ( idiot), is probably still itching to talk about them again, albeit not at Echo or Coro.

ps300306. Apolgs. I should have referred to LNG. Although, to be pedantic. lol, liquid NG is also a liquid Petroleum gas. since CH4 can be associated and extracted from crude oil. But you are correct, liquid propane and butane are universally called LPG.

The only poster who is my 'bad ' books on the ramping side is Bigbench, who unwisely mentioned cars again last week. Naughty Bigbench. There are many 'ifs', however, a fact is that The Horst has c0.5 tcf of NG, with a net value (47.5%) of c $1-1.5B. There is a plan in place, We have no alternative but to trust it. The sp is in decline beause since the 'good' news of the HOT and Annoule extensions etc, I believe 'news will be in short supply over the coming months. It may drift back to 2 p. No loss if you don't sell. If SCHL want 'out', as a poster suggested. let it go. It hasn't exactly 'thrilled' us. It's not into LPG, so are not required. It was given it's stake in The License, and has obviously spent cash in it's drilling campaigns, and has 'lost' money. Well, join the club SCHL. I'm sure it has had more expensive failures. I hope it leaves and SOU gets back it's 25%. ( v unlikely). I doubt that 'if' the LPG gets to up and running with net SOU income of £12-15M pa will get the sp above 10p, but the big prize ( slight ramp), will be if we have sufficient funds to explore again, but this time with an OnG man at the helm. It's not exciting times because there are too many 'ifs' and 2-3 years to wait. All as I have to do is live that long. GL all.

Here's another one you will have no answer for.
Why did you invest in Sound Oil. If your answer does not include ' I thought the CEO was very positive about it's prospects and comes across as a genuine guy', then you are a liar. Go and play with Echo and Coro with your old mate, and leave this share for genuine moaners.

We all know you were one of The Failures disciples, probably pleasuring yourself on every word, and now that is is crystal clear to all and sundry what a twa*t The Failure was, you do not like being reminded. Pity. I shall not refrain. So I suggest you filter me and the others who remind new investors here of the scum he was, and probably still is, and beware of trading in his new ventures.
You need reminding that if you do not where you have been , and the reasons for it, then there is no way forward.

It amazes e that people who invest hard cash into a 'casino' market appear to have little knowledge how the market works, It's like playing Blackjack a casino, and do not know the rules. Money down the drain.
The spread is one of the ways MM ( Market Makers) make their money. The lower price is the offer price, and what the MM is prepared to sell the shares for, the bid price, the upper one, is what MM will want for you to buy the share. However, when you attempt to execute a trade, either on-line or over the 'fone, the broker will get a price from one , or more of the MM's for that share. Which may be below or above the price that was shown when inquiring. When the 'trade' is reported, it is not reported as a buy or a sell, just the price. If the price was below the mid-point of the spread, it will be reported as a sell, although the reality is that it could have been a buy, and a MM had some stock it wanted rid of. The buys and sells as shown here, and elsewhere are not Gospel.

Nahab could have, and probably should have, added this to the RNS,

' the amount re-invested in the business will again bear 10% interest. Also following this conversion of loan interest to shares at 2p each, I have a further 300M shares to convert. '

I trust the use of $300M twice has not confused some readers, but I believe the mine development cost is also $300M.