Member Info for Wontongue

Out of 180,000,000 shares there are only 31,000,000 free float that is not locked up in the 3 largest shareholder groups, 31,000,000 is not many when you count the amount owned by shareholders within the small groups on here.

That is why when the ultimate decision comes on the PSC and then the new contract comes we should see a significant SP movement as the free float is very little.

This is why i am not to worried about additional shares as there is still massive potential from here.

GLA Wontongue

So as of October 2024 we are still producing approx. 90 million cubic feet of gas per day, this is worth approximately £200,000 a day, why would we be wrapping up the business if the potential to earn vast amounts of money was still there?

I understand that we are still providing the power plants and not getting revenue as we have already been paid but this is not to be sniffed at and i for one would welcome some investment from elsewhere to steady the ship until the PSC is in place and the other contracts that will evidently follow.

GLA Wontongue

3 out of 5 still going strong, no break in between for a few days now.

https://rrvunl.in/webplanthourlyload.aspx

This is the longest stint the turbine have been consistently running for a while, good news

https://rrvunl.in/webplanthourlyload.aspx

Https://rrvunl.in/webplanthourlyload.aspx

04 April 2024

The existing GSPA of 0.95 MMSCMD with GAIL for onward supply to RRVUNL’s gas-based power plant is

valid up to September 2024. However, as informed by the management, renewal of the agreement is in the advanced stage. This negotiation has been going on some time now and should be granted once the PSC agreement is finalized.

Lets hope we hear news very soon.

Thanks NG - So in that case the gas is still flowing i see.

STG 1 is also back online, With who's gas i wonder......

GLA

The power plant in this region is the customer of GAIL and for running that plant, the supply of gas from the block is essential. The Board is confident that the customer contract will be renewed soon along with PSC extension considering the ongoing discussions with the customer and accordingly, the Group will be able to supply the gas based on a mutually agreed contract.

I for one wont be selling anytime soon

No gas being supplied means no generators running, How long can they try and maintain the plant if we do not supply them with the gas. Do they recieve from another contractor?

https://rrvunl.in/webplanthourlyload.aspx

Https://www.londonstockexchange.com/news-article/SDRY/superdry-plc-result-of-sanction-hearing/16523179

Is that yourself included?

Maybe the new Swiss investor wants the internal fighting at BP sorted before stumping up the investment.

GLA Wontongue

Maybe this is all part of the restructuring, we never know.

GLA Wontongue

With the amount of shares been traded over the past week the placing shares have already been forward sold, RNS tomorrow stating them on the market and funding to follow once TR1's released for placing shares next week.

All IMO

GLA Wontongue

Agenda driven once again......

A lot of good information given in that RNS but as always focus on the CUT paragraph that suits the agenda.

he Directors would like to stress that the authority is required in order to give comfort to the Creditors. With the near term prospect of receipt of the historic parcel and the benefit of current discussions with the owner of the Swiss investment company, and also with the expected rise of the Company's share price in the light of these developments, it is not expected that a material proportion of the requested authorities will be required in practice, or if required not at prices similar to the current share price

GLA Wontongue

I think the news will be on the first shipment and agreement in place with the Nikash group for the 2 ton concentrate per month - AIMO

Any sort of volume here and the price will only go up due to the amount of shares in issues now along with the amount of shares tied up in hands that will not dip out on a 10 per cent raise.

GLA Wontongue

Mr. David knows what is coming, You do not pump that amount of money in to a share when you know its going to be consolidated without being confident.

GLA Wontongue