Gasol Share Discussion Threads

[moreforus] 31/5/2011 07:31

divi

this has been marked up pre market..not seen that for a while on GAS so seems the mm's agree (-;

[katiegos] 31/5/2011 07:31

moreforus so do you see an immediate rise in the share price or will we still hover around the 1p 1.30p area, didnt quite understand what the news meant are we still looking at something happening inthe future? or quite soon?

[divinausa1] 31/5/2011 07:27

Gasol has previously written off all of its costs relating to SONAF.

so nice bit of news...

[cufes2] 31/5/2011 07:14

Interesting RNS but it's all about the PIB this week IMHO . . .

[moreforus] 31/5/2011 07:08

Revised Agreement in Equatorial Guinea
TIDMGAS

RNS Number : 4929H

Gasol plc

31 May 2011

Gasol plc

("Gasol" or the "Company")

Revised Agreement in Equatorial Guinea

The Board of Gasol is pleased to announce that it has negotiated a revised agreement with Sociedad Nacional de Gas, GE ("SONAGAS"), the national gas company of Equatorial Guinea, in respect of the associated gas from the Zafiro field ("Zafiro gas").

Under the terms of the amended agreement, the Zafiro gas will now be used by SONAGAS in a newly structured entity for the production of ammonia/urea based fertilizer and/or other similar gas derived products, which is being developed with international investors.

The Zafiro gas was previously being developed in order to produce LPG, condensate and lean gas for sale, with development being carried out by SONAF, a partnership jointly owned by Gasol and SONAGAS.

Gasol and SONAGAS have agreed that, as compensation for giving up the rights to the original gas project, Gasol will receive the following benefits:

-- Gasol, through SONAF, has been appointed as an agent for the purpose of developing a market in West and Central Africa for purchasers of liquefied natural gas produced by the EG LNG project;

-- Gasol has the option to invest in 5% of the equity in the new Zafiro gas project;

-- US$2.0 million of development costs incurred by SONAF on the previous project will be recoverable from the new gas project, and will be reimbursable equally between SONAGAS and Gasol. In this regard, Gasol has previously written off all of its costs relating to SONAF.

This revised agreement complements Gasol's new strategy, in particular the Company's aim to see, and be involved in, the development of a West African focussed LNG market, whilst also ensuring greater likelihood of a successful gas project based on the Zafiro gas.

- Ends -

Enquiries


Gasol plc
Ewen Wigley, Chief Operating Officer [phone]
Panmure Gordon (UK) Limited
Dominic Morley (Corporate Finance)
Callum Stewart (Corporate Finance)
Adam Pollock (Corporate Broking) [phone]
Pelham Bell Pottinger
Olly Scott [phone]

This information is provided by RNS

The company news service from the London Stock Exchange

END

AGRZMGZKGLFGMZM

[moreforus] 31/5/2011 06:32

Sweaty palm times ...pib

North, South dichotomy threatens PIB passage
TUESDAY, 31 MAY 2011 00:00 OLUSOLA BELLO

North-South dichotomy and alleged payment of huge sums of money to some legislators by oil company lobbyists have been identified as the major factors impeding the passage of the Petroleum Industry Bill (PIB).

This is despite efforts by both the executive and some members of the Senate and House of Representatives to get the bill passed in the last few days.

Our sources say there is great suspicion that some of the legislators may have collected huge sums of money from oil companies to push for the passage of the Bill, while others were left in the dark.

"But the bill could still be passed if the executive and the legislature are determined to do so," an industry operator closely monitoring the activities of the National Assembly told BusinessDay yesterday.

According to another source, some senators and members of the House of Representatives from the North perceive the bill as going against northern interests. Some of the Northern senators, for instance, are said to have threatened that if the bill is passed by a few that wants it passed, they may not be able to contend with the political crisis that would follow.

Meanwhile, Bassey Otu, chairman of the House of Representatives for upstream committee on petroleum, told BusinessDay that the House is working very hard to get the bill passed between today and Thursday despite all odds. He added that he is hopeful something positive would come out this week.

"It looks as if some people do not want the bill to be passed. But the House has worked halfway because the majority of the House members want the bill passed. We would try our best," he said.

Also reacting, Igo Agomo, a member of the House of Representatives, agreed with Otu but declared that other things being equal, the House would pass the bill on Thursday.

"The House has demonstrated enough goodwill and has engaged in a lot of compromises with all the stakeholders. The bill is on autopilot," he said. As regards the possibility of the bill being passed by the Senate, he said much had been done in that regard since the Senate has amended it rules so as to pass same before it ends its session.

The far-reaching bill, which has been in the pipeline for over a decade, has been promoted by the presidency as the panacea to problems like funding shortfalls, domestic gas shortages and budget-debilitating fuel subsidies. But it is generating considerable concern among foreign oil companies, chiefly Royal Dutch Shell, US major Chevron and French energy company Total, on the impact it may have on their operations.

The legislation, in its present draft, will allow the government to renegotiate old contracts, impose higher costs on oil companies and retake acreage that companies have yet to explore.

[moreforus] 30/5/2011 13:58

yes it will and they have a gas supply partnership with E.ON (but they have with many others too...check out the website...)

www.gasol.co.uk

[plunge] 30/5/2011 12:39

Shares In German Utilities Fall On Nuclear Exit

Shares in E.ON and RWE fall sharply after the government last night said it will accelerate the gradual phase-out of all nuclear power production by 2022.

Doesn't GAS have a strategic partnership with E.ON? Perhaps gas is going to be a major component of Germany's energy needs in the future.

[moreforus] 29/5/2011 21:22

Especially from you darling...

[cufes2] 29/5/2011 21:13

Nice find tony1812 and thanks for posting . . .

[tony1812] 29/5/2011 13:55

There is a deal very similar, and the numbers are great:

"Shell did not disclose the value of the contract, or how much gas would ultimately be sourced from either Gorgon or Prelude. But based on other recent LNG supply deals, such as Chevron's $90 billion 20 year deal to supply 3mt of LNG from Gorgon annually to Japan's TEPCO, the entire 800,000tpa contract would notionally be worth almost $30 billion over 25 years."

[moreforus] 28/5/2011 07:23

Good find plunge

Nigeria has giant gas reserves and can't supply it's own domestic demand...

Look forward to more gas deal....(-;

[moreforus] 27/5/2011 08:39

OML is 107 million barrels equivalent...

if they may 1 usd a barrel profit.....if its 5 or 10...

market cap is in usd 19 mill usd vs profit potentil of 107 mill usd if they make 1 usd per barrel profit...

there is a lot of potential upside here now thanks to the option over OML 114...

[nicosevos] 27/5/2011 08:05

gavapentin - 26 May'11 - 15:37 - 12488 of 12489 (Filtered)

Bye!!

[nicd] 27/5/2011 07:58

Thats funny, I read "VAL!!!!!!!! "" as an exclamation that VAL was rising to More4's delight as he was a holder.

[gavapentin] 26/5/2011 15:37

Wrong again

Please find any post of mine on SAR - I have never even been on that BB.
Sad individual

CR thread will disappear very soon.
Trust me.


The reason is posts like this - posted ad infinitum to catch the unwary

"moreforus - 26 May'11 - 15:27 - 106213 of 106222


VAL!!!!!!!! "

Now I will even conceed that M4US posts some sensible/useful stuff but this sort of stuff has one purpose in mind - to trap the unwary to ramp up prices so M4US et al can sell out.


Sorry for clogging up board but a few home truths had to be said, and if they were false, why did ADVFN immediately remove the thread M4US and TOPINFO were plugging? Ask yourself that.

End of my vitriol - apologies to other investors

[moreforus] 26/5/2011 15:36

buyers at 1.22p on plus

[moreforus] 26/5/2011 15:32

gavapentin - 26 May'11 - 15:31 - 12482 of 12482 (Filtered)

[gavapentin] 26/5/2011 15:31

You clearly read my posts, so why bother replying "filtered"....?

A simple apology would suffice.

[moreforus] 26/5/2011 15:10

gavapentin - 26 May'11 - 15:08 - 12480 of 12480 (Filtered)