Gasol Share Discussion Threads

[teraferma] 06/10/2014 20:05

I take it no one went to the AGM

[teraferma] 22/9/2014 19:34

Some updates on the two projects from the end of year report.
Particularly like the last paragraph on further projects.

In West Africa, the project of delivering LNG to the port of Cotonou for regasification and further export through
the West African Gas Pipeline (“WAGP”) has achieved a major commercial milestone with the signing of a full Gas
Supply Agreement with the major power generation company in Ghana, the Volta River Authority. The daily
contract quantity under the Agreement is 100 mmscfd. Gasol has also already negotiated a Gas Supply Agreement
with the Communaute Electrique du Benin and Togo, with a daily contract quantity of 60 mmscfd. These are
obviously key steps for the project, but good progress has also been made in negotiating the supply of LNG and
arranging financing. The next big milestones will be to obtain the concession in the port of Cotonou from the
Authorities in Benin, and this is expected to occur before the end of 2014.


The project in Malta, in which Gasol participates in and leads an international consortium, is to deliver and regasify
LNG in order to supply gas to both an existing power plant and to a newly constructed power plant built by the same
consortium. This project has also progressed significantly with pre-engineering works having started and Financial
Close expected towards the end of 2014.


Gasol has also submitted significant bids for LNG import projects in different parts of the world. These bids, which
are under evaluation by the different authorities, demonstrate the Company’s capacity to arrange, lead and structure
competitive projects.
A

[racinglad] 15/9/2014 11:43

AGM 6th October at 10.00 am 40 New Bond Street, London W1S 2RX.
Anyone going?

[racinglad] 03/9/2014 16:15

Dear Teraferma

Many thanks for posting the update. Only looked yesterday, or the day before, and it was the 'old' website. Also taken Rilwanu Lukman off as chairman following his death in July! Maybe more info and accounts coming! Bodes well.

[teraferma] 03/9/2014 15:25

RacingladGasol website has been updated, more info on malta and Benin projects.

[racinglad] 01/9/2014 18:42

I will if I can

[teraferma] 01/9/2014 18:09

Yes Annual report should be interesting, we will see just how far they have progressed with the two projects.

AGM end of September, anyone attending?

[racinglad] 01/9/2014 14:52

Many thanks Teraferma, good fid. There should be AGM soon!

[teraferma] 01/9/2014 14:32

LNG World News Staff, September 1, 2014; Image: Gasol

The Volta River Authority of Ghana is about to sign gas supply agreements with four companies to meet the demand for gas needed for the running of its thermal plants.
The four companies are ND Western, Network Oil, Constant Capital and Sahara Oil, reports B&FT.
A long-term gas supply deal has also been agreed with Gasol. Under the agreement Gasol will forward LNG received from Nigeria to Ghana, that needs gas to power its largest electric power generator. It has been agreed that Gasol should supply 100 million standard cubic feet of gas per day.
These deals have been seen as a major boost as the electricity demand rises.

“We have already signed the memorandum of understanding with them, and we are close to signing the gas sales agreement with the companies,” Mr. Samuel Fletcher, VRA’s Head of Corporate Communications, told the B&FT.

NGas, made up of Chevron, Shell and the Nigerian National Petroleum Corporation (NNPC), has a gas supplier agreement with Ghana to supply 120 million standard cubic feet of gas per day.

However, gas supply via the West African Gas Pipeline has seldom met the contractual volume. Supply over the past week has been hovering around 50 million standard cubic feet down -- from around 80 million six months ago.

[teraferma] 19/7/2014 14:32

I get the impression that funding will be announced very shortly, which will lead to the Malta project commencing. First LNG shipment to Benin due in 18 months, you never know, it could all be worth the pain of the last 3 years..


I remain pretty hopeful that Gasol will take off. The potential is there for Gasol to develop into a sizable company. I managed to purchase some on Thursday at 5.5p and sold half on the spike at 10p.
I will tuck the others away for 3-5 years and hopefully then they will be worth a fair bit then, a "bit of a punt" it is fair to say.

[bronislav] 19/7/2014 07:21

Thanks terraferma for that .....I wanted to buy some last week as I have been invested before ....Poor show by the company because I think they are on the verge of putting all the pieces together.

[teraferma] 19/7/2014 07:00

Bronislav

I asked the question to the company see EW's reply below. Although they did mention that their register would remain open after cancellation


"The circular also points out that following delisting, there will be no facility to buy or sell the company's shares on AIM or any other exchange. If you wish to sell your shares in the future, you would first have to find someone to buy them."

[bronislav] 18/7/2014 19:48

The shares can still be traded if the first rns is to be believed .Gasol also gave the broker.

[gjd000] 18/7/2014 18:50

""gjd000 10 Jul'14 - 17:41 - 13461 of 13481 0 0 edit ""

""A good indicator will be a spike in price on the last trading day...""


Nice!!!!!!!!!!!

[citytrader007] 18/7/2014 16:05

starting to get scared on buying it now ? crash looming, be warned LOL

[quattro44] 18/7/2014 15:45

Afren will buy them?

[coincall] 18/7/2014 14:29

Well that rise was unexpected - wish I had bought some the other day!

[biggerthus] 18/7/2014 13:54

With only 25k traded but the bid rising, it could equally be trying to tempt holders to sell.

[pollen8] 18/7/2014 08:30

I too will not be selling.

[teraferma] 18/7/2014 08:17

MM's playing a good game this morning. Looks like a few want in before cancellation at eod today, they are making them pay a premium.

[coincall] 17/7/2014 17:32

buggy,

You will have to sell the GAS shares in your ISA, leave or use the proceed money in the ISA wrapper and then buy the stock before delist in the usual way asking for the certificate to be sent to you. That way you retain the ISA's last top-up but you obviously have to invest more money outside the ISA to buy the new shares.

[buggy] 17/7/2014 17:00

I thought so, but 3 calls to SELFTRADE and they seem to be saying something different.

I have further asked the question on Google and the consensus seems to be that they will be removed.

If so I can just hold in certificated form.... will cost me an extra £30 to get it certificated.

I would however be peeved if that means that I can no longer top up my ISA for this year as I have used the extra £3K that became available in June this year to purchase GAS within my ISA.

[teraferma] 17/7/2014 09:42

Cc That's my understanding as well.

[coincall] 17/7/2014 09:20

According to the ISA team at Charles Stanley, the shares held in ISA's will have to be removed at the delist date as it is no longer a regulated listing and no open market in the stock.