Energypathways Share Discussion Threads

[blakesmith] 09/8/2024 09:24

Here we go

[blakesmith] 09/8/2024 09:21

WillDrop as nt to sell

[blakesmith] 09/8/2024 09:21

Added to short

[citys2874] 06/8/2024 14:38

good day so far here today CHSS worth buying today could do 100 percent quite easily

[tidy 2] 06/8/2024 12:44

The Company views this as a positive indication of the new Labour government's commitment to support investment in energy transition projects such as EnergyPathways' MESH (Marram Energy Storage Hub) project. The Decarbonisation Investment Allowance, set at 80%, incentivises decarbonisation development in the UK's energy sector,

[ccr1958] 30/7/2024 16:10

Yes being ramped for sure

[maverickps123] 11/7/2024 11:49

Be careful the rampers are in! Will dump when they can!

[maverickps123] 01/7/2024 08:38

Incoming placing according to a friend who has been approached to raise capital!

[maverickps123] 27/6/2024 15:51

The pumpers have got hold of this! Be careful

[maverickps123] 19/6/2024 07:42

Had to add more today!

[cashandcard] 26/1/2024 07:47

I understand Marram will cost between £70-100mln to bring to production in late 2025. The problem here is that they've announced to the market (very openly) debt financing will cover some 70% of development costs but equity of circa 30% of Marram development capital will be required. Which, at £20mln minimum, will massively dilute current shareholders.Cash

[hedgehog 100] 18/1/2024 14:31

16/01/2024 08:00 UK Regulatory (RNS & others) EnergyPathways PLC Corporate Update LSE:EPP Energypathways Plc

"EnergyPathways plc (AIM: EPP), an integrated energy transition company, is pleased to provide the following update regarding its wholly owned and operated Marram Field project (the "Marram Project") and strategic objectives for 2024. ...

Strategic Milestones for 2024

In support of its strategic objectives, the Company is progressing a number of interrelated commercial and technical workstreams in support of a Marram Project FID , which the Directors of the Company anticipate may be as early as in 6-9 months' time, as follows.

-- securing certain long lead items for development;
-- results from tie-back optimisation studies
-- pre-FEED and FEED completion;
-- Field Development Plan (FDP) Government approval;
-- Project FID;
-- Environmental Statement and approval;
-- arranging development financing (debt and equity);
-- UKCS 33(rd) licensing application and]"Out of Round" licence requests;
-- securing additional low emission gas resources; and
-- establishing low carbon technology partnerships

Recent Developments

The Company has secured a first right of refusal with a major subsea equipment provider to purchase two subsea production trees. The Company is going to progress with equipment certification and testing of the trees. This arrangement will remove a major critical path item from the Marram Project schedule, noting that the manufacture of new subsea trees in the industry is estimated to take 18-24 months.

EnergyPathways submitted an interim Environmental Statement to OPRED for consultation with relevant local, regional and national authorities and favourable feedback was received from OPRED. Due to the high shipping levels of the region, a Navigation Risk Assessment is necessary and will now be undertakento prepare the project's final Environmental Statement for OPRED approval, which is expected to take approximately two months. The Company believes it is well positioned to meet the Environmental Statement approval strategic milestone in line with its objectives.

In parallel with these operational milestones, management continues to assess optionality with regards to the development financing of the Marram Project. In this regard, the Company has received expressions of interest, including term-sheet offers, and will seek to progress those discussions in the near-term. The attractive economics of the Marram Project, make the project appropriate for debt financing, with management estimating that in the order of 70% of the development capex could be funded through such a facility.

With regard to business development, EnergyPathways awaits the result of its 33(rd) licensing round application for an additional licence,. The Company notes recent confirmation from the NSTA that it expects to announce the awards of the 33(rd) Licencing Round during Q1 2024.

Commenting on the outlook, CEO Ben Clube said:

"With our AIM admission concluded a few weeks ago, our full focus has turned towards the operational milestones that will define this year and generate material long-term value for our stakeholders. Our intention is to progress the Marram Project towards FID and we are progressing the various commercial and technical workstreams to achieve that critical value-catalyst. The economics of the project are very attractive and the fundamental market drivers for the development of the Marram Project remain compelling - both of which provide confidence that we will achieve FID in the timeframe set out during the IPO process.

We are presently engaged in evaluating tie back options for the development that best position the Company for the development of the broader regional potential. We are in progressive discussions regarding development financing arrangements and are encouraged by the reaction of counterparties who recognise the strong cash flow profile and rapid payback of the project. In parallel, we continue to screen opportunities to build materiality and scale, and hope to receive positive news in the coming months regarding the Marram Project lookalikes that we have bid for in the 33(rd) licencing round, as we seek to capitalise on our early mover advantage in UK Irish Sea, a region with numerous undeveloped gas discoveries, existing infrastructure and the ability to support the UK's objectives in terms of Energy Security and Transition. We look forward to communicating our progress to the market as we achieve the numerous core operational milestones set out today." ..."

[cashandcard] 17/1/2024 10:07

In about 9-12months this will be interesting as a hold for 2025.Cash

[reg gutteridge] 31/1/2009 00:32

is patel investor ded?

[simonevans] 05/11/2002 22:08

chart has broken-out. good news? what about a merger with Tecc-IS or a Panther takeover? something will have to happen on this one soon I guess.

[simonevans] 30/9/2002 18:44

What a great quote from Perloff today...I fully agree!

"Never in the field of small property companies has so much been expended by so
few for such little benefit to so many shareholders."

[oxfordbloke] 03/3/2002 20:37

i think its fairly neutral.

the market cap is currently 1.5m against assets of 3m. a discount of 50%

shares 78m shares are being issued at 50p to pay for property worth 39m.

so the asset value rises to 42m. if the discount stays at 50%, then the share price stays at around 25p.

in theory the discount should narrow a bit as the company is bigger. however, the company now has exchange rate risk and regional economy risk in china, which wont help, but is in an exciting market, which might be seen as good.

overall i think we will exit suspension at 25-30p, if the deal goes through.

dont forget, andrew perloff now controls over 40% of this company and can vote down the reverse takeover. his position on this is unknown.

[lord b] 01/3/2002 09:24

IT IS FANTASTIC, THE ,MARKET CAP OF THE COMPANY WILL RISE FROM £3M TO IN EXCESS OF £40M, THE SHARES SHOULD DO VERY WELL WHEN THEY RETURN FROM SUSPENSION IN A FEW WEEKS.

[chaneale] 28/2/2002 11:29

is thi sreverse take over a good or bad thing for us share holders????????