Gasol Share Discussion Threads

[biggerthus] 12/1/2012 14:12

I look forward to that day Asixe. Although I do enjoy the occasional moan here this was never going to be a quick turn punt for me, so happy to hang on to see the company actually implement a project or 3.

[asixe] 12/1/2012 14:09

biggerthus

It looks to me that the company have recently moved fairly quick to get the
balance sheet and funding sorted,we can only summise that perhaps nigeria or
guinea are finally getting going.Analyst reports i seen suggest these could
be worth 8.5p - 9p based on the nigerian / guinea assets.

[biggerthus] 12/1/2012 13:32

Despite the inch up this morning, am still 75% down here, so eclaires are some way off for me fraser... might get there by the time I'm not allowed to eat them anymore.

[leeson 2973] 12/1/2012 12:43

From May 2011 - enshare et al
Therefore very old news - whats new????

[fraserdean] 12/1/2012 11:46

It saves a bit Bigger but not enough. You take a punt...

On the plus side I can afford my own extra chocolate eclair after the rise this morning.

[lynxboy] 12/1/2012 11:09

we may finally see some progress here but I am not holding my breath!

[enshare] 12/1/2012 10:58

details of OML 144

Gasol has entered into an exclusive Project Option Agreement ("Option Agreement") with Moni Pulo (Petroleum Development) Limited ("Moni Pulo") in respect of all of the gas in Nigerian offshore licence area, OML 114.During the exclusivity period, Gasol will have an opportunity to make a proposal to Moni Pulo regarding the development of OML 114, including exploration, development and offtake. If Moni Pulo accepts the proposal from Gasol, it is then the intention of the parties to work together to conclude definitive gas purchase agreements for development and sale of all of the gas in OML 114 to Gasol.

OML 114 is situated in shallow waters on the coast of South East Nigeria at the mouth of the Calabar River, within a locality that has a number of known gas reserves that could, subject to agreement, be used in due course to augment a Gasol project. The licence area has been drilled and surveyed since the 1990s and has gas reserves of approximately 750 billion cubic feet (approximately 107 million barrels of oil equivalent). Gasol has commissioned initial pre-feasibility reports which indicate that the available gas could support LNG production of over 800,000 tons per annum for 10 years or fuel a 500 MegaWatt power station for 20 years.This agreement represents the first step in the development of the Company's new strategy and offers Gasol the important opportunity to secure a known supply of gas for monetisation.

[asixe] 12/1/2012 08:35

up 15% this morning already, afren and afgas own over 70% of gasol !

[enshare] 12/1/2012 00:34

Rumour is that NIGERIA BLOCK OML 114 is now in play guys,remove your stops as
this could move very quick when this anounced. 750 BCF !

[asixe] 11/1/2012 21:24

evening guys, noticed the conversation today on here and thought you may be
interested in some rumours i had from a city pal today on gasol, i was told
that nigeria have just had a severe ticking off by the United Nations on its
continuing policy of GAS FLARING ( essentially wasting gas and causing harmful
emmissions ) and that there was an emergency cabinet meeting last week in nigeria
on this...so putting two and two together it could be that OML 114 is now being
fast tracked and gasol have OPTIONS HERE.

If so this could fly in my opinion,i will be coming onboard here tomorrow as it
looks a no brainer at 0.40p

[bronislav] 11/1/2012 18:04

Afgas has loaned gas plenty lolly .cant see them not looking after their investment ,however gas has been hugely disappointing.promise of contracts last year has amounted to nothing ,sods law th drops are a precursor to news flow.

[mikezen] 11/1/2012 17:37

If this goes belly up, it will have far reaching consequences.In particular,the problem it will cause for the deli round the corner.

[fraserdean] 11/1/2012 13:57

And cream cakes

[bullinachinashop3] 11/1/2012 11:12

I visited their offices once - not much going on i must say - worth 5 and a half million? got a good ticker I suppose.

[fraserdean] 11/1/2012 10:50

On the plus side it helps counteract any capital gains for the year, great idea but the timing for this poor little fella was sadly just wrong.

[gjd000] 10/1/2012 14:12

RNS Number : 2562V
Gasol plc
10 January 2012



Gasol plc



('Gasol' or the 'Company')





Gasol enters into new funding facility



Gasol (AIM: GAS) is pleased to announce that it has entered into a convertible loan facility (the "Facility") on 9 January 2012 for approximately £661,000 to roll over a maturing loan facility.



The Facility has been entered into with Banque Benedict Hentsch & Cie SA ("BBH"), which is also the lender of the maturing facility taken out on 30 December 2010. The Facility has an interest rate of 5% payable at maturity or conversion, and carries a conversion option whereby the lender has the right to call for the conversion of the loan into ordinary shares of Gasol at a price of 0.6 pence per share. Conversion may take place up to 30 December 2012. The Facility is repayable (to the extent not previously converted) on 30 December 2012. Repayment may be made, at the Company's choice, either in cash or in Gasol's shares (priced at a 10% discount to the mid-market closing price on the day before repayment).



In consideration for BBH entering into the Facility, the Company is extending the exercise date of the 12 million Warrants, issued to BBH on 7 January 2010, by a year to 30 December 2012.



Cream cakes for the office for another quarter or so....

[theuniversal] 26/12/2011 14:16

love the negative drivel in here , keeps people at bay, while the hoovering of shares continue....the increase of the usage of gas will over take and be the predominant fuel source out stripping oil. by 2050. the build up is happening now. ALL GAS companies will be in demand in one shape or another. some will be naturally gobbled up by others on the way. DO YOUR INVESTMENT HOME WORK NOW,

[kinghorm23] 28/11/2011 15:40

M4

The most deranged paranoid poster on advfn !

Everybody is just one person in disguise !

[kinghorm23] 28/11/2011 15:37

M4

How can you still log in and try and post advice to others
with your abysmal track record.

We all have a bad stock now and again but you have hundreds !

[jermaine77] 28/11/2011 15:28

Market Cap £9m+

Net Assets £0.1m

oh and a lot of the assets are 'Goodwill' of £3m

so basically this company looks pretty much worthless

a moreforuseless speciality

[biggerthus] 28/11/2011 15:17

ACM, form Gasol website (pre today's RNS):

The percentage of the Company's AIM securities that are not held in public hands is 84.89%

So now around 14% of shares in free float = +/- 217m

[moreforus] 28/11/2011 15:03

interesting

Afgas just converted all their loans to equity...