marunam1
18 May 2016
Egypt Dues Payment www.dailynewsegypt.com/2016/05/17/shell-bg-added a few today.to-receive-part-of-3-2bn-dues-in-june/Seems as payment is going to happen and all of it by year end. We could do with a large chunk of of dues to change the outlook . Not long to go to find out how much. Egypt Daily News:Shell and British Gas (BG) have reached an agreement with the Petroleum Ministry to obtain $400m of their financial dues by the end of June, in exchange for renting a driller and resuming work in the 9B phase of the project in the Mediterranean.A source close to the negotiations with the government told Daily News Egypt that during a recent meeting Petroleum Minister Tarek El-Molla promised the CEO of BG Samy Eskandar to repay $400m by the end of June and complete the repayment of the full dues by the end of 2016.He added that BG’s dues are estimated at $1bn, and they represent 30% of the government’s full dues to the foreign petroleum company working in Egypt. The full dues are worth $3.2bn.The Dutch company Shell acquired all assets and concessions of BG in February 2016.The source said that the deal would accelerate the work and link wells of stage 9-B by the fourth quarter of 2017, adding that the entire project can be completed in the second half of 2018.The agreement was preceded by negotiations between BG and the Egyptian General Petroleum Corporation to raise the price of gas.The source pointed out that the gas from the 9B stage in the deep Mediterranean water was priced through a pricing formula linked to the price of Brent crude oil with a maximum of $5.88 and a minimum of $2.5 per million British Thermal Units.He added that Shell will not resume work in stage 9B until the price is set by the parliament and part of its financial dues have been received, as well as allowing the company to export 100m to 150m cubic gas feet per day from Edco liquefaction factory owned by Shell’s BG.
city watcher
05 Apr 2016
Broker finnCapp Well he is hedging his bets on 'Chariot ' reaching near 46p. May be worth a switch over.30 Mar 16 finnCap Corporate 6.73 46.00 46.00 Reiterates [link]
Trouble_Two
18 Mar 2016
Re: info Who will buy this?Just wondering. TTPenny share soon, I feel.
forwardloop
15 Mar 2016
info [link]
green.as1953
25 Feb 2016
Re: What a year OPTI and OXB are keeping a smile on my face.............Good luck to you Mr Trouble.
one4all
12 Feb 2016
2.75p to sell now ,,
one4all
12 Feb 2016
oil moving up burn those shorters
Trouble_Two
11 Feb 2016
Re: Brokers' Views One4AllShorters burned.PMSL. TTShorty
Trouble_Two
11 Feb 2016
Re: What a year Hi green.as1953,As you know I never agree with you but finally I do. Hope all is well. REL Should have listened.On this share I stand with my sub 1p. Unless oil trades much higher (which I doubt).You making good progress on OPTI. Well Done.Sorry I have been very busy this year with shorting all sorts, even the indices. My humble advice at the moment is to watch gold. I am LONG...........Good luck with your investment/s.TTShorty
one4all
11 Feb 2016
somethings up mm
DevonianDracula
08 Feb 2016
Re: Brokers' Views And long holders "a la Jeanne d'Arc"!!I was once on a cafe terrace in Rouen, and overheard two fellow Brits saying to the waiter that their steak and chips were very over-cooked, so I turned to the waiter and applauded him and then told the two Brits that if they ask for Steak and chips and the waiter asks "quelle cuissons messieurs?" and then reply "a la Jeannne d'Arc", then in Rouen of all places, they deserved the cinders on their plates and that if they did not pay the bill & tips, I would stand witness against them. Haha, shut them up, and they tipped well. I had a glass of red on the house!
one4all
08 Feb 2016
Re: Brokers' Views shorters burned
one4all
08 Feb 2016
buy [link]
MacPithy
05 Feb 2016
Re: 6p coming soon Wow Lambrini how did you come up with this one? More than just someone in the know only reasons for this are the prospects of a farm in, or a very good well result in Morocco???For your Bot's to work someone must be pushing the buttons? Do tellRegards
lambrini girl
04 Feb 2016
Re: 6p coming soon SELL 14p..nailed the TOP...BANG ON!!!
