Member Info for tidd83

Lol buzz

Hey JTD, Reserves will be re-evaluated post coring and off the back of the next big fully funded work program. They will also factor in the desorption testing from last core samples I’d think. The contingent resources will also be re-evaluated so the 3.3TCF gas in place will likely increase. No concerns on the volume of gas imho, I think this figure will keep growing and growing.

Just to couple that, the COO bought £100k on market this week taking his holding to over 3%.

Posted earlier by Mcadder; Great post Nobby you make some very valid points here. Some aspects that really set this gas storage project from the others out there are: - unique location and literally yards from the SNIP - quality & depth of permian salt perfect for storage - believed to be only suitable location in Ireland - full planning consents in place & local support - environmental impact assessment done - £11.5M already spent on project - core samples and seismic data to benefit FEED - nearby jetty would allow LNG tankers to bring gas - project pre-qualified for UK gov guarantee scheme - EU grant and PCI status for project - no storage at all on island of Ireland - potential for reverse flow of gas back to rest of UK - project has no further hurdles to address - just needs funding to be secured and pretty much ready to go subject to FEED which should be foregone conclusion. - potential for 40+ yr life meaning vastly improved project economics - funding if secured to be non-dilutive at project level - current bod having slashed salaries and corporare costs to a fraction of the cost under previous bod.....either way a straight sale or progression under the current bod to construction would excellent news SP wise for shareholders. The recent rises in the SP here reflect the fact that investor's are cottoning onto progress being made and the huge valuation gap that currently exists here.....

Morning BTS do you mean their entitlement? I’m not sure if it was offered to Bots. That said post share issue I’ve not seen a TR1 to suggest BOPF have fallen below threshold, I haven’t done the maths (which would be more telling) - that way you can see if they did need to buy to keep above threshold of reporting.

Also, news of offtakes are expected at any time - they are in discussions with bluechips already and conclusions expected whilst FEED is underway. Meanwhile CBRE are working on the development funding, 2/3 government backed and 1/3 equity at project level (none dilutive) that’s to the tune of £300m. We then have the NPV at £67m and likely to increase on the 40 year terms which are being worked on. Hence why this has a long way to go...

Or better still sundayroast - partnering up

We could get this over 19p to push the leg into the 20p ranges.. Clear out the last of the 18s collectively.

Great summary Mcadder.

Orange if you knew anything about the company you would realise the position Tlou are in against their competitor; Only ones with EIA approval Only ones with Gas Reserves Only ones with a mining license to commercialise The list goes on, a recent 900% increase in gas reserves to almost 0.5TCF at this stage, what do sekaname have? Nadda.

Well well well, just what the doctor ordered! Pretender meeting and a shortened timeline for submission couldn’t ask for more. I assume the document will be similar with all the unneeded parts removed hence the pretender meeting. With that in mind it’s likely the document could be reviewed rather quickly. Excellent news today!

Buying into close, those not being filled are likely back at the table early doors or placing orders. Let’s see.

Tomorrow I think..

Ah MrT I agree. I think given the lowly valuation here this is an early reversal so good luck on your buys too.

Should crack soon and move onwards to 20p range, looking very good.

This is only the start of the rerate.

Morning all, Brent pushing back up now toward $75. A perfect storm.

The fresh board appointments have turned the company around to date and I see no reason why this won’t continue, FEED is already underway and ahead of schedule and budget.

Given the scale and important of the project, the rate at which it is progressing and the names onboard with touts of discussions already in progress with bluechips I have to agree. Pre approved for 65% of government funding and the remaining stake to be raised via project level equity means no dilution to share holders. With a current MCAP of £5m and an existing NPV of £67m (before potential of expanding scopes to a 40 year project) It highlights just how out of kilter the price currently is. Price came back on lack of progress and an expectation that the project would never see the light of day, with all the work being completed INFA is in the final stages prior to development yet the share price has yet to properly correct. I do think a very big move is on the cards here.

Plenty of stock taken off market already and a lot will be sticky. Things are already tightening up, some days can’t even get quoted for £1k