Ramco Energy Share Discussion Threads

[g3a] 25/9/2009 07:53

which thread are we using ?

[talha2] 25/9/2009 07:44

thanks cyber

[oddballpaul] 25/9/2009 07:44

Whilst its an old document (2004) it gives a guide to what consents are required for offshore wind farms. It also suggests that planning consent is not required below the low water mark. Not sure if this is still current though. I'll find out.



Cheers,

Paul

[talha2] 25/9/2009 07:40

Directors
believe that the dual focus on renewables and Iraq is restricting Ramco's
ability to access the cleantech or green focused investment funds required to
secure the necessary capital to further develop the SERL business.
It has become apparent to the Board that the cleantech or green investment
funds, which are enthusiastic about the SERL team and its renewables strategy,
are reluctant to invest either directly in SERL, a private subsidiary of Ramco,
or in a listed plc with a significant oil and gas focus

--------------------------------

we await investment from the above funds,buying into Sea

[acm434] 25/9/2009 00:05

Cheers talha - I wasn't aware of this, but think that there would likelly be some resistance with respect to Beatrice.
I'll have to do some research but can you remember off-hand the distance from the shoreline to the storage tanks proposed by EO.?

[talha2] 25/9/2009 00:02

ofshore still needs planning I think but certainly not as vigorous as onshore .I know this from my painful experience at Encore oil and their doomed ofshore gas storage project

[acm434] 24/9/2009 23:59

talha - Thanks for that.
I have a question relating to the offshore licences which centres around possible planning issues which may arise. Is it to be assumed that the licences are subject to planning approval?
I have a familiarity with the Beatrice development in particular and do wonder whether the development still has to go through a planning application. TIA.

[talha2] 24/9/2009 23:44

As announced on 16 March 2009, SERL has also established a powerful new JV with
EDPR which submitted bids for zones in the UK Round 3 tender process on 3 March
2009. Zone awards are expected to be made by 31 December 2009. EDPR is the
fourth largest wind power generator in the world with over 5 GW of current
generating capacity across three continents and has a development budget for
2009 of over EUR2.0 billion. Last year, EDPR commissioned over 1,400 MW of
additional wind generating capacity in a single year, which rivals any other
applicant in Round 3.


The Board believes that it is important for shareholders to understand the
funding requirements of offshore wind farms, the timing of those expenditures
and how value can be created for them in developing these types of projects,
which are similar in fashion to oil and gas projects as they move through the
different stages of development before coming into full production and revenue
generation.
The Greater Gabbard development recently achieved transaction valuation
multiples when interests in that project were sold at the consented stage and
immediately prior to construction , both during 2008. Those transactions
achieved prices of approximately GBP157,000 and GBP567,000 per MW, respectively
and provide a recent precedent which Ramco shareholders should be aware of. If
these values are applied to the 456 MW's which SeaEnergy has secured in the
Scottish Round, this would imply values of approximately GBP72 million and
GBP259 million, respectively for the business, should those projects develop to
the consenting and construction phases.
Whilst at the construction stage these projects will require significant capital
expenditure, of the order of GBP2.8 million per MW, it is important to recognise
that over the early years, through the consent phase, the capital requirements
are very modest by comparison. The Board believes that to fund SERL's 25 per
cent. interest in both of the two Scottish sites for the three years up to
consent and pre-construction phases will require just GBP7.5 million


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only $7.5 m needed to reach planning and consent stage .when the prospect could be worth a good few bob .

[foxhat] 24/9/2009 23:41

Hairybones...have you considered newsreading...?

[dickdanbayne] 24/9/2009 23:07

Enjoy Sheffield Hairy, thats my home town, we're not a bad bunch: )

[crashbang] 24/9/2009 22:48

More chance of getting a bj from hairy`s good-lady, than Remp letting anything slip today ;-)

[cyberpost] 24/9/2009 22:04

No idea, but I very much doubt it.

[nam0] 24/9/2009 21:57

It is clear to me that given the majority of the deputies are either Fadhila party or Supreme Council members that they have an agenda.

Cyber do you know if the company discussed anything about MPC at the EGM`?

[cyberpost] 24/9/2009 21:54

I do Nam0, and I was thinking along the same lines.

[nam0] 24/9/2009 21:47

Hello peps,

Did any anyone manage to make it to the egm today? I would have gone but currently in Scandinavia attempting to get to the bottom of the DNO issue.

+++

Many thanks AG for the update.

Cyber - Do you remember the discussion a while back on the two deputies potentially acting alone while the main guys are abroad. It definitely seems that the political orientation of the ministers and their deputies is causing major issues and impacting progress.

[snobtimus shaime] 24/9/2009 21:35

BOE deposit rates will be reduced by MErv the PErv, hopefully that increases lending.

[largeronald] 24/9/2009 21:18

Bones - thanks for the emails today. Sent you a thankyou reply but got a couple of delivery delays to your server so I don't know if you received it.

If not - cheers.

[foxhat] 24/9/2009 20:21

Surely the good ship has always contained some of the best seamen in the world ;-)

[dickdanbayne] 24/9/2009 20:03

Seamen LOL....Lets just hope we go forth and multiply!!!!! 40 bags will do for starters: )
Def seems more positive here, long may it continue: )