Gasol Share Discussion Threads

[teraferma] 22/9/2017 16:07

Biggerthus

They were issued a strike off notice where the company would be struck off the register and dissolved as they hadn't submitted full accounts for two years.

This has since been discontinued as they have submitted accounts for 2015

hxxps://beta.companieshouse.gov.uk/company/05350159/filing-history

Have a read of the full accounts for 2015

[biggerthus] 21/9/2017 15:32

Teraferma,

Thanks for that. I wonder whether Ewen would have any comments on that 2nd link ?

If you ask him, it would also be great to know whether the bonds (3 different issues) extension proposed was successful.

Here's hoping !

[daicaprice] 21/9/2017 13:24

Handy to know, thanks for posting.

DC

[teraferma] 21/9/2017 13:09

BiggerThus

For what it's worth, I got this response from the company on the 12th September

Dear Mr XXXXX

Thank you for your enquiry regarding your shareholding in Gasol.

I can confirm that the company still exists and continues to trade. The last few years have been very challenging, and as a result there have been delays in publishing the annual report and accounts. I can confirm that the 2015 financial statements have recently been completed and these will be available shortly. Work has commenced on the 2016 accounts and these are expected to be completed promptly.

The company continues to work on the development of its LNG to power project in West Africa, as well as seeking other opportunities.

Yours sincerely

Ewen Wigley

[biggerthus] 21/9/2017 09:53

Not encouraging;

1.
hxxp://windinguppetitionsolicitors.co.uk/insolvency-lawyers-london/companies-court-winding-list-13-02-17/

And yet they published bond restructuring 'consent solicitations' in May 2017.


2.
hxxps://cpa.co.uk/the-latest-insolvencies-to-27-jul-2017/

[teraferma] 12/9/2017 18:31

2015 account have finally been submitted 2016 accounts to follow soon apparently.

[teraferma] 09/9/2017 18:58

Just read this on Companies House website

The company has been issued a Compulsory Strike-off action and will be dissolved unless they respond.

hxxps://s3-eu-west-1.amazonaws.com/document-api-images-prod/docs/E5WSQS_3UrXeMk7YGzMxLaEXk1Wh81rVN95tiOKQNa8/application-pdf?AWSAccessKeyId=ASIAIYCWO4OGNZ6M6TXQ&Expires=1504983294&Signature=p2B7L3YlXA9R5Mt1pn7qEP%2BS2Mg%3D&x-amz-security-token=FQoDYXdzEKf%2F%2F%2F%2F%2F%2F%2F%2F%2F%2FwEaDCQB54UMm%2BTtRbKhlSK3A1QDFDVKXbGswVJY2wfRXfjdyRoSFQGFTyfWr7dfY%2BEPG86YJiWKBQ36BQJWdsVYXCBJtR2SJWe8npfjJDpuunNhlb75dvyqTlz4oPZhnGk6wR2xBAAuzuRCKmHh8UYoR3gltK77ZHZYus6Q6DaW91zyMLq49Gtn%2BOHP11b4FCMD3WVSL0l6TAmP11BCaxilIL43YG3W8ZlCP%2FyiffX3UGnIncBTEPzO9D%2FKJR3Tall2HpA5556NpFn0Tt5k8sCCqEMSJK6YEWcRJIsOIskjopvMH0FfqkOxI3uxk8xmdg%2FbK%2F75ZfFCNX2xCNV5Aaxn9CCB4cpqscdbiYiu2lMIu8WEBVB23IInP43EQ%2FvefuAVtpm6tAxg2EwZKFfpVSCqiEkMmMqgqpPQX3IbtJub3eHJgAVQKidZQSRYaTG6gGVq9Q9BAEAx6GIu7MYsLjLgYUL6%2FDoVr6zZEwNSj77yoYBxbEEGm0Lhv%2BEW2EvHCYp0YdXtc%2Fx6evh%2BhyH7tyaXToj%2BWNOLFVfRoLvpPfAEkDF%2B33h3TpjjhQMQ9jbHTACR09b1XevrtiN99UZAwMRdyrFLqMyPmH8ontfPzQU%3D

[victim12] 08/9/2017 12:14

The Gasol web sites seems to have gone so no way for shareholders to contact them . Are they still trading ?

[teraferma] 06/5/2017 19:18

Issue 343, 30 March, 2017

Article 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.

[teraferma] 01/1/2017 12:45

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

[biggerthus] 31/12/2016 21:30

Not to mention that the word 'soon' needs re-defining:


11/4/2016
From: Natalie Fordjour
CC: Miles Thomas
Thank you for your email.
The 2015 Annual report is not yet available, it is due to be completed soon.
As soon as it is available we will email you a copy.

17/10/2016
From: Natalie Fordjour
CC: Miles Thomas
The 2015 Annual report has not yet been published, it is expected to be finished shortly.
As soon as it is complete we will email you a copy.

[teraferma] 29/12/2016 15:09

Would be good if the company could update it's shareholders on progress rather than addressing conferences at our expense!!


Gasol plc will address the key commercial challenges for the development of LNG import project at Floating LNG 2017.

SMi Group are thrilled to have Alan Buxton, Chief Operating Officer at Gasol plc on their expert speaker line up at Floating LNG 2017 taking place 13th-14th February in London.

With many Floating LNG projects reaching their final decision stage, it is vital to consider how commercial challenges can impact the development of the project to ensure their viability and success. Gasol plc’s Chief Operating Officer will be addressing this topical issue at Floating LNG 2017.

Alan Buxton will be giving an Opening Address on Day Two of the conference, speaking about: Key commercial challenges for the development of LNG import projects. Presentation highlights include:
– Economic threats and opportunities
– Risk mitigation
– Importance of met/ ocean data
– Coordination of works to reduce claims for delay caused by individual work streams

For further information or to register for this event, visit hxxp://www.floating-lng.co.uk/oilandgaspress

[racinglad] 21/5/2016 13:27

Teraferma
I have been away without access to to ADVFN. Many thanks for the update

[robo21] 18/5/2016 12:54

Do the shares still have a value now they are delisted ?

[teraferma] 15/4/2016 16:32

Racinglad Had a positive response from Mr Cooper to an email I sent.He says as a majority shareholder its in his interest to become chairman of the board. Two former executive directors remain as employees and accounts and annual report should be published soon followed by AGM.More positive outlook IMOTF

[racinglad] 08/4/2016 16:08

Well spotted Teraferma! And so is Angus Donald Winton Robertson who was also a Director at the start. However, no financial accounts as yet.
Wonder what has gone on, and why the mass change of Directors?
See Afren are still listed as holing 4.5 million shares. Not much worth for the liquidators!

[teraferma] 08/4/2016 15:23

Annual report finally completed for last year.

Interesting development all the current board have resigned and Ethelbert Cooper is back as Chairman. Can only be goo IMO

[teraferma] 04/11/2015 11:56

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.bizcommunity.com/Article/196/693/136724.html

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.

[racinglad] 22/10/2015 13:21

Accounts are overdue at Companies House, so there will be a fine due when they are eventually filed.

[teraferma] 22/10/2015 12:28

No AGM this year? Are we still a going concern?

[teraferma] 26/7/2015 18:37

Alan buxtons spin on events, laughable really.hTTp://gasolplc.com/media/34473/malta_press_release.pdf

[teraferma] 26/7/2015 18:32

Updated: Gasol out of Electrogas consortium, Opposition says project has always been a farceFriday, 24 July 2015, 16:24Last update: about 2 days agohTTp://www.independent.com.mt/articles/2015-07-24/local-news/ElectroGas-removes-Gasol-as-Delimara-power-station-partner-6736139432

[racinglad] 03/7/2015 08:36

Good find

Many thanks for posting

[teraferma] 02/7/2015 12:20

Gasol's gas import project starts gaining traction


According 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.