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CNOOC's permit arrived 10 days after their appropriate assessment determination. I'm hoping this will be quicker. I also think DCCAE now know the mney is on the way, so they will not embarrass themselves by issuing this.

Sounds about right Fernan. It took 10 days for the CNOOC permit to issue after their positve appropriate assessment issued. Hoping it can be a bit quicker here.

Good to see. Took them long enough. No reason now to deny the permit, which should issue shortly. Great news. I hope we have at least a day for the market to react before news that the APEC funding has arrived. For maximum impact.

Congrats to everyone who continued to hold.

Not surprising, but why bother even setting a backstop date any more? Just say it will be done when it's done, and the process is under way.

Hope this does not hurt sentiment towards Egypt even more

Rossanan, the sp movement on Friday, where it moved sharply up to 18p, before softening back to 16.5, could easily be a result of day traders jumping in when the news dropped, then banking profits. Especially if trading on margin. Let's see where we end up next Friday to get a more measured feel of what the market thinks. Around 20p is my guess.

Ps200306 & chef, I completely agree. The Green lobby are taking the very worst case predictions, which have a very small probability attached, and then amplifying them. I can state unequivocally that we will not all be dead in 15 years. It is obvious we are adding CO2 to the atmosphere that would not otherwise be there. And that is causing some warming. But the models predict that this warming will cause the atmosphere to hold more water vapour. Which is a more potent greenhouse gas than CO2, and exists in the atmosphere at much hgher levels than the (vanishingly small) amount if CO2. However, water vapour is not increasing as the models predicted. No one is sure why, but then, the climate models are gross over simplifications anyway. And even if it did, it's relatively cheap and easy to get water vapour out if the atmosphere. See chpt 5, Superfreakonomics. If the greens are genuinely worried about CO2 (and remember, the term "climate emergency" has no definition, which is not a good basis to formulate an appropriate policy response) then all efforts should be directed first to carbon sequestration.

Stifel. With a small discount as a sweetner.

35p. Minimum. Happy now lezzils?

They should be lghting a fire under DCCAE's feet. It's unacceptable for them to sit on this for so long. Especially after the way they dragged the process out as long as they possibly could.

In for a punt. Been watching Amer for years, but never bought before. Fingers crossed for a good outcome.

Check out the PVR chat, bench, for a discussion on both getting money out of China, and then into the EU. It is not that straightforward sadly.

Good find Fernan. So there are considerable procedural difficulties in getting money out of China, and then further procedural hurdles in depositing the funds into the EU. Which could explain the repeated delays over the last few weeks. PVR repeatedly setting backstops and then allowing them to be broken has nit been helpful though.

They must mean the EU Funds Transfer Regulations. Have a gander at this:
https://www.bankingtech.com/2017/08/time-to-act-eu-funds-transfer-regulation-2015/
It is not impossible that there have been several attempts to pay, which have failed for seperate reasons each time. And the legal bids were then called in to ensure that regulatory compliance was fully met.

I don't kniw what is happening here, but the article makes clear that the regs have grey areas.

You are right Phoebus, unless they can demonstrate a clear and credible reasn why not, they have to issue it. And a climate emergency whch has nit even been defined won't cut it. But and having said that, the civil service can string things out for a very long time indeed.

Actually Mamms I think it would help if DCCAE showed willing and issued the permit. All of the oressure woukd then be on the Chinese to honour their commitments and come through. It shoukd be the job of politicians to encourage economic growth and help develop security of energy supply. But instead they are more worried about the five minute rolling news cycle and what An Taisce might say. So I think their perspective is stupid and self-serving. But I understand it, having a profound sense of cynicism about politicians in general.

Well, DCCAE haven't posted anything n their website saying they've issued the permit, or even the appropriate assessment determination. I honestly think now that they are waiting to see if the money comes through, so they don't take flak from An Taisce, only to see the project being put back again. On the money front, I doubt we'll hear anything before Monday. And I very much hope that, in extending the backstop once again, the Comany can at least provide an assurance that they've spoken to HSBC, who have confirmed that the funds are in the system.

I hear what you're saying shibs, and the big buy after the market closed makes me think this will come good, but honestly, the farm ut signed 20 Sept, and permit issued 8 Oct, and now pushing on towards a year later we don't have a permit, and we don't have the funding? It's enough to make an arthritic priest dance a riverdance jig of frustration.

It's way past tme for them to pull their fingers out, stop prevaricating around the bush, step up and deliver the permit. Yes I know, appropriate assessment determination first, but it could have issued weeks ago. What the divil are they up to?