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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Gasol | GAS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 10.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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Posted at 21/1/2019 08:04 by the_boy_plunger Victoria Oil & Gas PLC (VOG) Victoria Oil & Gas production jumps after Cameroon project restart |
Posted at 07/1/2018 01:08 by biggerthus Thanks Tera.So still not Gasol PLC's accounts, just a subsidiary. Not pretty reading though as the loans escalate up through GAS & then again to Afgas presumably, or perhaps also Cooper. So 85% of GAS's total assets (£6.3m in 2015) are loans to related parties (see above), yet they apparently owe £4.7m to the subsidiary Gasol Energy Import Ltd. Moneygoround. |
Posted at 22/9/2017 19:39 by biggerthus Teraferma,Many thanks again for that. Good to know not dead yet so somewhat reassuring, although loads of question marks from that report. Were I a forensic financial journalist I'd have a field day. But I'm not, and I can't de-ramp as shares aren't tradable, so just a couple of comments. - Bert took £240k out in 2015 - Cash gone from £11.7m to £74k - AFGAS (controlled by Bert) are major shareholder, yet they owe GAS £4.5m - accounts state that future cash requirements & debtors are assured by AFGAS - but AFGAS can change their mind about that at any time, & let GAS fail - Iron Ore? (AIOG) WTF is GAS doing investing in, then writing off iron ore punts? - Seems GAS is handing out cash & guarantees left/right/centre, then writing them down - and they're mostly related parties. - auditors won't commit to the accounts as not enough info'. See page 9, saying; - “Accordingly we do not express an opinion on the financial statements.” Have to say well done for renegotiating the bonds to end 2019, but it's a miracle result considering that BHs will usually rape & pillage any company in default just because they can. Am pretty sure there are some clever cynics out there who might suspect something along the lines of it being a money churning/laundering op, with the BHs' cash being recycled through GAS to subsidiaries, and then written off. However, I'm way too under-qualified to come to that conclusion, so I'll just sit tight with fingers crossed. But great that you -and others- are still around to help with info on what the hell is going on, so thanks again! Last thing. As a shareholder, do you get these reports from the Registrars (Neville) ? I just discovered that my old broker had the cert' issued in the wrong name so I have heard nothing since they delisted. Cheers, BT. |
Posted at 06/5/2017 20:18 by teraferma Issue 343, 30 March, 2017Article length: 236 words Benin: Tenders soon for FSRU to supply gas-fired plants Preparations have reached an advanced stage for the issue of a tender for a floating gas supply facility in Cotonou port. The floating storage and regasification unit (FSRU) should supply sufficient gas to generate 500MW of generation capacity, Ministry of Energy official Flinso Todéman Assan told the Power and Electricity World Africa conference in Johannesburg on 28 March. “This current government has decided to go ahead with this from the president down… tenders will be issued very soon,” Assan said. |
Posted at 01/1/2017 12:45 by teraferma Biggerthus.I have had similar responses from the company. 6th October 2016 Thank you for your follow-up email from April regarding Gasol Plc. The oil and gas markets continue to present challenging conditions for development companies like Gasol to operate in. Nonetheless, the Board of Gasol continues to push forward with its plans in West Africa. It is my expectation that the 2015 Report and Accounts will be published by the middle of November, with the Annual General Meeting to be held thereafter, and that these will provide you with an update on the company and its operations. Yours sincerely, EJL Cooper |
Posted at 04/11/2015 11:56 by teraferma Just when i was starting to doubt whether Gasol was still a going concern. Not communication from the company regarding AGM and accounts.But I have found this, no real progress but at least things are still happening.. Gasol to expand operations to West Africa posted 2nd November 2015 hxxp://www.bizcommun Gasol, the Nigerian energy company, plans to develop its own sources of field gas in West Africa and supply that gas for power generation, replacing more expensive imported fuel oil. These operations will not only benefit its base country, but Benin, Togo and Ghana as well. A principal in the West African gas to power (WAGP) story, Gasol is already working with national companies in the region to develop gas infrastructure by pursuing several projects along the West African Gas Pipeline. |
Posted at 02/7/2015 13:20 by teraferma Gasol's gas import project starts gaining tractionAccording to our sources, Benin’s government gave a thumb’s up a few weeks ago to the British group Gasol to start conducting studies to anchor a re-gasification barge off Cotonou port. Gasol’s local partner, Bengaz, a firm owned by a former Benin minister and the country’s ex ambassador to France, Yves-Edgar Monnou, did most of the running on the project since the two companies formed a joint venture, Cogaz, in 2012. It took more than a year of talks with the energy ministry to win the nod even though an initial green light was given by the president’s office in February, 2014 (AEI 718). Gasol’s aim is to initially sell gas to Benin’s power plants through the Communaute Electrique du Benin (CEB). But it also wants to use the West African Gas Pipeline that links Nigeria, Benin, Togo and Ghana to supply the latter three countries. As Nigeria can’t supply its customers properly, Gasol believes a barge off Cotonou could have a market numbering nearly 50 million consumers. The duration of the study, choice of contractors and work on the terminal could take a good two years. Gasol is working on a similar scheme in Malta. |
Posted at 27/2/2015 13:16 by teraferma Thanks racinglad.Full article. I like the last paragraph, lots of potential.. Gasol seeks FSRU for Benin import project Gasol is in talks with providers of floating storage and regasification units (FSRUs) for an LNG import project it is developing in Benin, West Africa. Gasol’s senior manager LNG & Business Development, Francis Ugboma, told SMI’s Floating LNG conference that discussions are underway to identify a unit of around 150,000 cbm to 165,000 cbm that can offer a throughput foundation of some 1.2 million tonnes per annum (mtpa). The vessel would be sited in the Port of Cotonou. Ugboma said that, under original plans, Gasol had considered developing the project by converting an existing LNG carrier into a floating storage unit (FSU). However, he said the company had moved away from this idea following negotiations with suppliers, as potential conversion candidates would likely prove of smaller capacity than the vessels shipping in cargoes. Gasol plans to bring its Benin import project online in 2017. The company announced that it has inked a long-term gas-supply agreement with Ghana’s power-generating company, the Volta River Authority (VRA), and the Communaute Electrique du Benin (CEB). It is thought that the imported gas will be used in power-plant projects in Benin and shipped via the West Africa Gas Pipeline to the neighbouring states of Togo and Ghana. Socar Trading is believed to have been lined up to supply the initial LNG volumes. Ugboma highlighted West Africa’s need for gas in power generation. In addition to Gasol’s planned floating import terminal for Benin, he cited two projects in Ghana as further evidence. He also revealed that Nigeria has been conducting a feasibility study to examine the option of shipping in its own exported LNG cargoes. He explained that while this would not be the cheapest option economically, it may prove feasible given the security and risk issues associated with gas pipelines within the country. |
Posted at 29/7/2013 07:05 by derektrade33 TIDMGAS RNS Number : 3036K Gasol plc 29 July 2013 Gasol plc ("Gasol" or the "Company") BOARD CHANGE Appointment of former OPEC Secretary General as Chairman Gasol plc, the West African energy development company, announces that Cornelia Meyer has notified the Company of her intention to step down from the Board on 01 August 2013. The Board is pleased to announce that Cornelia has agreed to act as Strategic Adviser to the Gasol Board going forward. It is intended that Dr. Rilwanu Lukman KBE, 74, will assume the role of Chairman from 01 August 2013. Dr. Lukman is currently a director of Ivanplats Limited, International Mining and Infrastructure Corporation plc and R Lukman & Co. and is a member of the supervisory board of Dietsmann N.V. Dr. Lukman was a founder of Afren PLC and served as its Non-Executive Chairman from November 2006 to December 2008. Dr. Lukman also served as Strategic Advisor to the Board of Gasol from July 2007 to December 2008. Dr. Lukman has more than 40 years of experience in the petroleum and mining industries, and has relevant relationships at the most senior levels around the world. Dr. Lukman has served as Nigeria's Minister of Mines, Power and Steel from January 1984 to December 1985, Minister of Petroleum Resources from January 1986 to December 1989, Minister of Foreign Affairs from December 1989 to October 1990, and Chairman of the Board of Directors of the National Electric Power Authority (NEPA) from March 1993 to December 1994. He has served as Secretary General of the Organization of the Petroleum Exporting Countries (OPEC) from January 1995 to December 2000 and President of OPEC from March 1985 to December 1989. He is the founder of the African Petroleum Producers Association and served as its Chairman from March 1986 to March 1987. Dr. Lukman received a Bachelor of Science (Engineering) in Mining from the University of London, a Postgraduate Certificate in Mining & Mineral Exploration from the University of Mining & Metallurgy, Leoben, Austria, a postgraduate certificate in Mineral Economics from McGill University, Montreal and a Ph.D in Chemical Engineering from the University of Bologna, Italy. He also holds a Doctorate degree from the University of Maiduguri in Nigeria and is a Fellow of the Imperial College London. Dr. Lukman holds a Doctor of Science Degree from Ahmadu Bello University, Zaria and two Honorary Doctorate degrees from Moore House College, Atlanta and the University of Benin respectively. Dr. Lukman was made a Knight of the British Empire (KBE) in 1989, an Officer of the Legion d'Honneur of France in 1990 and is a Commander of the Federal Republic of Nigeria (CFR). Save as set out above, there is no information to be disclosed under paragraph (g) of Schedule 2 to the AIM Rules. Cornelia Meyer said: "I am delighted to see Dr. Lukman take over from me as Chairman of the Board. He is extremely well placed to drive the evolution of Gasol into its next phase. His lifelong experience within the oil & gas sector in Africa, as well as his seniority, will give the company the leadership and insight it needs." Dr. Lukman said: "I am very pleased to be joining the Board of Gasol as Chairman. On behalf of the present Board members, I would like to thank Cornelia for her great work over the last year and look forward to working with her in her new role as Strategic Adviser." For further information, please contact: Gasol plc Alan Buxton, Chief Operating Officer +44 (0) 20 www.gasolplc.com 7290 3300 Panmure Gordon (UK) Limited Dominic Morley (Corporate Finance) Callum Stewart (Corporate +44 (0) 20 Finance) 7886 2500 Adam Pollock (Corporate Broking) Yellow Jersey PR Limited Dominic Barretto +44 (0) 20 Anna Legge 3644 4087 Notes to Editors: About Gasol plc Gasol plc's strategy is to provide African gas for the next generation. Power stations in West Africa currently operate predominantly on liquid fuels such as diesel, light crude and jet fuel, but many of these plants are also capable of using gas. Gasol will initially supply these customers with gas from regasified Liquefied Natural Gas ("LNG"), which can provide significant cost savings in the order of 20 to 30 per cent. This involves the delivery of LNG to leased Floating Storage and Regasification Facilities, which will be positioned in Cotonou harbour, Benin and will supply the regasified LNG into the West African Gas Pipeline. The West African Gas Pipeline is a 678km gas pipeline involving an investment of over US$1 billion, built to transport gas from Nigeria to Benin, Togo and Ghana which has been operational since March 2011, but today operates at significantly less than full capacity . Once there is sufficient regional demand for gas, Gasol aims to develop captive gas reserves in offshore Nigeria and will supply this gas through the West African Gas Pipeline. This pipeline gas will be cheaper and therefore displace the LNG derived gas, resulting in further savings for customers. Gasol's shares have been listed on London Stock Exchange's AIM since 2005 with the ticker code "GAS". Further information on the Company is available at www.gasolplc.com. This information is provided by RNS The company news service from the London Stock Exchange END |
Posted at 09/5/2012 09:04 by wow400 RNS Number : 9594CGasol plc 09 May 2012 Gasol plc ('Gasol' or the 'Company') Further Senior Management Appointments, Strategy Update and Award of Share Options Gasol (AIM: GAS) the West African energy development company, provides the following strategy update and is pleased to announce the appointment of David Shipway as Head of Upstream Gas Projects and Michael Kunz as Head of Power Project Development. Strategy update Gasol's strategy is to develop its own gas reserves in the Gulf of Guinea and to supply this gas to power projects in West Africa. The Company is currently working to develop its projects and the necessary infrastructure in pursuit of this objective, in conjunction with its partners. Until natural gas reserves become available, Gasol is working on plans that will secure availability of regasified LNG as an interim fuel supply to support current power generation requirements in the West African region. Regasified LNG is used in Europe, the Middle East, China and Latin America as a cost effective means of delivering gas where pipeline gas is not available or shortages prevail. Gasol's regasification orientated supply activities to the West African region are intended as a shorter term measure, which will allow for more cost effective and environmentally friendly gas-fired power generation until such time as they can be replaced with secure supplies of low-cost pipeline gas. The interim supply measures will involve Gasol installing a Floating Storage and Regasification Unit in a port in the region and supplying regasified LNG from that vessel to pipelines for transmission to power hubs. In cases where it is a gas supplier to power projects, Gasol will also aim, in due course, to acquire minority equity positions in those power supply facilities. Senior management appointments In line with the Company's revised strategy, Gasol has today announced the appointment of David Shipway as Head of Upstream Gas Projects and Michael Kunz as Head of Power Project Development, both of whom will report to the recently appointed Chief Operating Officer, Alan Buxton. David Shipway worked for British Gas for 10 years, followed by three years with Duke Energy as Head of Trading and Marketing, before forming Galveston LNG in 2003. Galveston was backed by the Harvard University Fund and developed businesses in LNG re-gasification, liquefaction, trading, shipping and storage. David was instrumental in Galveston's establishment of Kitimat LNG, a liquefaction project, to cater to the demand for exporting gas due to the huge quantities of LNG shale gas available in North America. Dr. Michael Kunz has over 20 years' experience in the power industry, where he has focused on the structuring and financing of independent power projects (IPPs) and other large infrastructure projects. Prior to joining Gasol, Michael served as General Counsel to two IPP developers, Rolls-Royce Power Ventures Ltd and Burmeister & Wain Scandinavian Contractor A/S. Before that, he was in private practice for 10 years with Dewey Ballantine (now Dewey & LeBoeuf). Michael holds a Bachelor of Science degree in finance and a Juris Doctor degree from Georgetown University. Award of Share Options Gasol is pleased to announce the grant today of options over 6,000,000 shares in the Company to each of David Shipway and Michael Kunz. In addition, the Company also announces the grant of options over 4,000,000 shares in the Company to Miles Thomas, General Counsel of Gasol. Full details of the options granted are set out in Annex 1. Commenting on the appointments, Gasol's Chief Operating Officer, Alan Buxton, said: "I am delighted that we have secured two such highly qualified candidates for these positions and am confident that we now have the right senior management team in place to deliver on our gas to power strategy in Africa." - Ends |
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