Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
It is the Oil P1, P2 & P3s which will ultimately value the company nothing to do with PR, the lack of PR meant that SS was able to buy up additional parts of HHDL at a very cheap price.
As you say Brocal everyone is entitled to their own opinion and can see and understand why some are frustrated with the current PR, I am not one of them.
Brocal
He is not shit at PR just a lot more honest and less pumpy than most CEOs.
Better to say 150 EWT and then extend it in to a 210 successful EWT and Production Test.
Better to say 9 months for a Production Licence and deliver it in under 5 (as I expect to happen).
There is nothing worse for a PI than over promising and under delivering CEOs, I am much happier with SS way of under promising and over delivering.
Its not started yet, probably wont until 1 February but the build up to the Planning Permission on 20 February will see a massive rerate imo, and then once passed then a pause whilst we drill and then on to full production.
I don't know if we are at the bottom yet, it could still go lower but there is a date set which isnt far away where the SP will probably be significantly higher than it is now.
Scandic
We have a OGA Production Licence, it just isnt at the Production phase. There are three stages the third being Production. To move to that stage is a relatively tick box exercise. We need to show that all other licences are in place. The hardest to come by is the Planning Permission. We are told in RNS that we have most of the other licences in place and that we applied to the Environmental Agency on 10 January.
Snowman10andy
Good luck thanks for all of your positive comments whilst you were in - Oh just checked this is the first post you have made on this BB. If I was a cynic I would have thought that you were never invested and that you have just popped along to deramp. Good job I am a trusting person so good luck and thanks for the advice.
PITW
He is playing it down so that it doesn't interfere with the current PP application. He doesn't want it brought up there. Once Portland planning is granted then he can announce results and apply for further PP.
Qwerty
Agreed IIs need convincing from RNS's but they are also slow at reacting. A bumper RNS will be snapped up by the PIs the SP will rocket to 3p+ then the IIs will come in boosting the SP further.
I am in no rush for them to come to the party. They will come in time. I can afford to wait.
Crocman
I think that Fund Managers are generally a bit more wise than some of the posters on here. They will understand that SS has skin in the game and has a material interest in seeing the SP increase. They will understand that his options are part of his Remuneration package.
Options granted are better for incentivising as they depend on future SP shares granted are like giving cash, a liquid asset.
This share is not about whether the CEO has skin in the game or not. It is if there is Commercially extractable oil in the ground and how much. We know it is commercial we just need to see how much.
The title of this thread is "CEO has big skin in UKOG" the simple answer is yes he does via options. Does he hold shares, no not currently but that isnt what the title of this thread.