Share Name Share Symbol Market Type Share ISIN Share Description
Gasol Plc LSE:GAS London Ordinary Share GB00B826T938 ORD 0.5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 10.00p 0.00p 0.00p - - - 0 06:37:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -4.0 -13.0 - 3.35

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Date Time Title Posts
07/1/201815:08Gasol, ----- Afrens little Brother.13,558
29/12/201316:42Nat Gas19
06/8/201314:55Natural Gas1,058
30/9/201116:32UNG and Nat'l Gas Sector Funds, closed end1

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racinglad: Hi I have held years, and seen the value drop, in the belief that in the long term this company was onto a winner. Gas has to be the way to go. The connections it has with Afren and Dr Lukman, this Company would eventually succeed! Statements such as 'Gasol is committed to creating value for its shareholders. Transparent and up-to-date, these pages provide important information for stakeholders and potential investors. If you require more detailed information, please contact our Investor Relations team' only reinforce the conviction that the Company would eventually see the share price rise, as opposed to the gradual drifting we have have seen. Maybe the private shareholders should get together, as the Directors do not appear to have been acting in 'good faith' for ALL the shareholders. The main shareholders obviously see value in the investment, pity the small, and many loyal shareholders.
sdt7618: Coming up for 2 months suspended, and whilst it would seem that the news once coming out of suspension should " in" theory lift the share price, and guesses as to how long this will last?
teraferma: ? Currently capitalised at only £6.2m, the Gasol share price gives no hostages to fortune, yet the just announced successful consortium bid for the supply of gas to Malta is highly significant for the company's future.? Gasol's West African ambitions remain very promising, but Malta looks a more immediate route to the generation of revenues and positive cash flow until the West African Gas Pipeline ('WAGP') begins to fill its capacity. Expected revenues from Malta alone are, we believe, sufficient to justify a substantially higher share price.? It is too early to be confident of the numbers, but indications are that the project should have a short payback period with an IRR in excess of 11%.
bronislav: With results coming up .28th I believe last year we could see a ramp up in news before then.Failing that maybe an update with results.In Alan buxtons latest presentation in may he alluded to news soon in that presentation and we are a good few months ahead now.I note that gasol have been mentioned in relation to Malta which would be interesting but I feel it is perhaps to see some clarity as to just how far off actual gas supply into the WAGP we are.The overall market is responding well to news and it would be an excellent time to release some good progress reports which would enable us to get back to a sensible share price that at the moment is below pre consolidation values.not long to wait until results ,lets hope we are not disappointed.
topinfo: This was tipped last week by Joanne Hart in Midas Extra Tips sheet. As you know she is very good. I cant copy whole article from Midas coz its copyrighted but extracts MIDAS EXTRA SHARE TIPS: Liquified gas importer's project plan could have good mileage By Joanne Hart Gasol is a small company with big ambitions. Involved in providing cheaper fuel to West African countries, the share price has doubled from 11p to 22p in the past three months and brokers believe it will double again before the end of the year. Midas verdict: Gasol shares are definitively not for widows and orphans. For adventurous investors, however, the stock could prove highly rewarding. There is an urgent need for gas in West Africa, Gasol�s solution will be at least 25 per cent cheaper than current alternatives and the company has already made significant steps in the right direction. Cooper�s presence as a majority shareholder and strategic adviser to the board is a further comfort. At 22p, the shares look attractive.
debbiegee: Gasol in project option agreement with Moni Pulo 19 May 2011 | 09:27am - Gasol has entered into an exclusive project option agreement with Moni Pulo (Petroleum Development) for 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 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. At 9:27am: (LON:GAS) share price was +0.31p at 1.53p Story provided by
spob: Chesapeake Energy (CHK) has for some time been synonymous with the vast untapped opportunity in U.S. onshore natural gas shale plays. As gas prices have remained depressed relative to oil prices longer than most expected, it appears many investors have slowly but surely given up on the company. While the near-term outlook for natural gas remains unfavorable, the underlying value of Chesapeake's assets and the lagging stock price have once again attracted considerable superinvestor interest. Famed oil and gas investor Boone Pickens more than doubled his fund's stake in Chesapeake during the second quarter. Carl Icahn's firm boosted its position from two million to nearly 13 million shares, while Mason Hawkins's Southeastern Asset Management slightly added to its stake, which amounts to a considerable 12% of Chesapeake. Only David Winters's mutual fund went against the grain, selling out of a relatively small position. Our analysis of Chesapeake suggests that the value of proved reserves alone may be sufficient to justify the recent stock price, based on NYMEX strip pricing. When one considers the fact that the company's unproved reserves amount to roughly 15 times proved reserves, the upside in Chesapeake becomes clear. It's worth noting that the company is run by one of the most highly regarded executives in the business - Aubrey McClendon - and that Chesapeake can credibly claim to be one of the natural gas industry's low-cost producers (Contango (MCF) is another). McClendon, who has shown shrewdness in timing the company's purchases and sales of natural gas price hedges, has recently begun emphasizing crude oil reserves as a part of Chesapeake's mix. This move appears to have been interpreted negatively by the market - after all, if the industry's leader is perceived as moving away from natural gas, then what does this mean for the future of gas? However, we interpret McClendon's moves simply as another way of safeguarding shareholder value, regardless of whether or not the relationship between oil and gas prices returns to its historical norm. After all, while McClendon may be better than most at predicting natural gas price, no one knows what the price of natural gas will be in five years.
moreforus: and a buy at 2.28p in 116k... if the market perceived this as bad news then you'd all have sold out and the volume would be millions sold and 30-50% down - look at XTR after they hit a duster...- it's as expected rns - the co need cash but dont forget they received 500-600k gbp from the last tranche of the AFR/Afgas share purchase :- TIDMGAS RNS Number : 0497B Gasol plc 20 October 2009 ? 20 October 2009 Gasol plc ("Gasol" or "the Company") Issuance of shares Gasol (AIM:GAS) announces that on 19 October 2009 21,164,021 ordinary shares in the Company ("New Ordinary Shares") were allotted, subject to listing, to African Gas Development Corporation Limited ("AfGas") in respect to the funding announced 20 August 2009. Application has been made for the New Ordinary Shares to be admitted to trading on AIM which is expected to take effect on 26 October 2009. also note Afgas have 5p warrants.... 20 August 2009 Gasol plc ("Gasol" or "the Company") Gasol completes GBP3 million funding Gasol (AIM: "GAS") is pleased to announce that the Company has successfully raised GBP1 million through a placing of shares with its majority shareholder: African Gas Development Corporation Limited ("AfGas"). As announced on 30th January 2009, Gasol had planned to raise GBP3 million to fund its general business development activities and working capital requirements. Following the GBP2 million raised by way of placements on 12th February and 27th May 2009, Gasol has entered into an agreement with AfGas on 19th August 2009 whereby: · AfGas will invest GBP500,000 in Gasol immediately. AfGas will subscribe to the issued shares fully paid on the 20th August 2009. Gasol will issue 21,164,021 ordinary shares at a price of 2.3625 pence, which equates to a 10% discount to the closing price of Gasol ordinary shares on 18th August 2009. · Afgas will underwrite another GBP500,000 equity placement within two months, before 20th October 2009, at the lower of a discount of 10% to the prevailing closing share price as on the day before the placement and the placement price of the first tranche, i.e.: 2.3625 pence. As part of the financing, Afgas will receive 30 million warrants, exercisable for a period of two years from the issue date at an exercise price of 5 pence each, representing a 90% premium to the closing price on 18th August 2009.
spob: Natural Gas Extends Gain From Seven-Year Low as Economy Lifts Share | Email | Print | A A A By Reg Curren Sept. 15 (Bloomberg) -- Natural gas advanced, extending its gain to 38 percent from a seven-year low earlier this month, on speculation that a rebound in demand will reduce a surplus of the power-plant and industrial fuel. Manufacturing in the New York region grew in September at the fastest pace in almost two years and U.S. retail sales jumped in August by the most in three years, economic reports today showed. Gas tumbled to $2.409 per million Btu on Sept. 4, the lowest price since March 2002, on a glut of the fuel. "The market is starting to count in an economic recovery, which should bring with it an increase in demand," said Peter Beutel, president of Cameron Hanover Inc., an energy consultant in New Canaan, Connecticut. Natural gas for October delivery rose 2.3 cents, or 0.7 percent, to settle at $3.32 per million British thermal units at 2:51 p.m. on the New York Mercantile Exchange after rising as high as $3.60. Prices are down 41 percent this year. Implied volatility, which uses gas options trading to show expected price swings in the futures market, touched 61 percent today, below a reading of 80 percent based on actual volatility over the past 60 days. Five-day volatility for gas futures today touched the highest level since October 2006, according to data compiled by Bloomberg. Goldman Forecast Gas is poised to rise to $6 this winter in the U.S. and $7.50 next summer because of slowing output, Allison Nathan and Jeffrey Currie, analysts at Goldman Sachs Group Inc., said in a Sept. 13 report. "We had the major low on Sept. 4 and since then the market has had a lot of change in the way people are thinking about it," said Beutel. The price ratio for natural gas and crude oil narrowed to about 21-to-1 today after reaching 27.1 on Sept. 3, the widest since gas futures began trading in 1990, according to data compiled by Bloomberg. The average over the past year is about 13.6 to 1. Crude oil for October delivery rose $2.07, or 3 percent, to $70.93 a barrel in New York. The Standard & Poor's 500 index of oil and gas exploration and production companies followed futures higher. The index rose for a seventh day, gaining 2.3 percent to 439.37. Anadarko Petroleum Corp., the second-largest U.S. gas producer, gained 2.4 percent to $59.17 in composite trading on the New York Stock Exchange. XTO Energy Inc., the third-largest, rose 1.2 percent to $41.08. Chesapeake Energy Corp. rose 4.5 percent to $28.31. BP Production BP Plc was the largest producer of gas in the U.S. in the first half of this year, according to the Natural Gas Supply Association. The recession has probably ended, though it will "feel like a very weak economy for some time," Federal Reserve Chairman Ben S. Bernanke said in Washington today. A recovery in the economy would lift demand from factories, chemical and steel plants, which account for about 29 percent of U.S. demand, and reduce the surplus. The Commerce Department said retail sales increased 2.7 percent in August, exceeding a forecast of 1.9 percent, the median estimate of 73 economists in a Bloomberg News survey. The Federal Reserve Bank of New York's general economic index increased to 18.9 from 12.1 in August as companies rebuild inventories with demand rebounding. Gas inventories are about 17 percent above the five-year average for this time of year and the Energy Department expects supplies to exceed the record of 3.545 trillion cubic feet reached on Nov. 2, 2007. Consensus Bottom "People are repositioning themselves," said Tom Orr, director of research at brokerage Weeden & Co. in Greenwich, Connecticut. "Goldman carries a lot of weight and that team has had a pretty good track record of making out-in-front calls on the market. The consensus seems to be that $2.40 was the bottom." Weeden yesterday reduced its gas price outlook for 2010 to an average of $4.25 per million Btu from $5 for the year because of the supply glut. "Gas is up too much now in the short term," said Orr. "The last time we got this high on an overbought reading was when we hit $4 at the beginning of August. It went on a big run from $3.20 to $4 and then blew off to a new low." Prices may fall back to $3 per million Btu on weak demand and record supplies, he said. "There will be some kind of recovery in the second half of 2010, but it's too early to start bidding up gas now," he said. Paring Gains The October contract pared its gain late in the session as the United States Natural Gas Fund sold futures as it moves to the November contract, said Orr. "They let it run up to the plus side and then banged into the market," he said. The fund, the largest exchange-traded fund for the fuel, began rolling over its gas-futures holdings from October to November yesterday, according to a posting on its Web site. "Part of the problem with this assumption is that UNG is typically doing all of its buying and selling at settlement," said John Hyland, chief investment officer for the fund's parent, United States Commodity Funds LLC. "We see no evidence that the afternoon price movements were related to trading by UNG." The fund, which tries to follow percentage changes in gas prices, expects the roll period to run through Sept. 17.
moreforus: Natural Gas Cheapest to Oil Since 1992 Signals Gain (Update1) Share | Email | Print | A A A By Margot Habiby June 8 (Bloomberg) -- This year's 31 percent decline in natural gas made it the worst performing commodity and the cheapest next to oil since the fall of the Soviet Union. That's about to change, if history is any guide. Natural gas lost 72 percent in 11 months as the U.S. fell into the deepest recession in 50 years and drillers failed to idle rigs fast enough to control inventories. Stockpiles are 22 percent larger than the five-year average, the Energy Department said. Oil costs 18 times more than gas, the biggest gap since 1992, when the collapse of communism cut supplies from Russia, according to data compiled by Bloomberg. Now, gas drillers are tightening their grip on production just as the economy shows signs of improving. The number of U.S. rigs plunged 56 percent in nine months, the steepest drop in two decades, Baker Hughes Inc. said. Gas may rise 38 percent in the second half, while oil will gain 22 percent, according to Bloomberg analyst surveys. "The scope for gas to rally before the end of the year is bigger than for oil," said Ben P. Dell, an energy analyst with Bernstein Research in New York. "The gas market is playing out as expected. Supplies are getting drastically reduced because of falling rig counts, and demand is showing some signs of stabilization." Gas for July delivery was trading at $3.858 per million British thermal units, down 0.3 percent, on the New York Mercantile Exchange at 12:24 p.m. in Singapore. It closed at $3.868 on June 5, its 31 percent drop this year the most in the 24-member S&P GSCI Commodity Index. Oil vs. Gas Futures may rise this week, a Bloomberg News survey of 16 analysts showed. Oil cost 8.4 times more than gas on average during the past decade, according to data compiled by Bloomberg. Prices are likely to climb to an average $6.50 per million Btu in the fourth quarter from an average $3.90 in the second, Eugen Weinberg, an analyst with Commerzbank AG in Frankfurt, forecast last month. The price has averaged $3.766 so far this quarter and is up 10 percent in two weeks. The number of U.S. gas rigs declined to 700 last week, the lowest since 2002, according to Houston-based Baker Hughes, the world's third-largest oilfield-services supplier. OPEC's decision to cut production by 3.46 million barrels a day, or about 12 percent, helped crude rally 54 percent this year, to $68.44 a barrel on June 5 in New York. The Organization of Petroleum Exporting Countries pumped close to capacity as the economy expanded and crude almost tripled between January 2007 and July 2008 to a record $147.27 on July 11. Natural gas followed, more than doubling to a 2008 high of $13.694 per million Btu on July 2. Collapsing Demand As the economy slowed, demand from factories and power plants, the users of 58 percent of all natural gas, declined. By April, prices touched a six-year low of $3.155. "Fundamentals are holding gas down, and crude oil is trading less on fundamentals and more on consumer sentiment and perception," said Steven Schork, president of Schork Group Inc. of Villanova, Pennsylvania, an energy-trading consultant. "We have a disconnect between the two, and there is no expectation in the near term to see these two re-link." Dell at Bernstein Research said gas needs to reach $7.50 to spur enough production to meet demand, known in the industry as the marginal cost of supply. He forecasts gas will more than double to $9 to $10 by the end of the year, while oil will rise to $70 or $80 a barrel from $68.44 as of June 5. If he proves right, a speculator who bought 10 gas contracts and sold an equal number of crude futures would earn a return of about 46 percent. Price Ratios Dell's fourth-quarter gas price would lower the ratio to about 8-to-1. The median estimate of analysts in the Bloomberg survey for $5.50 represents 11-to-1, based on the fourth-quarter forecasts at $61 a barrel. Oil reached 18.1 times the price of gas on June 4, the highest since January 1992. The ratio fell to 8-to-1 by September that year as Hurricane Andrew halted daily output of 13 billion cubic feet of gas and the economy recovered from a recession. Bill O'Grady, the chief markets strategist at St. Louis- based Confluence Investment Management LLC, an investment advisory and management firm, said the ratio may reach 20 to 1 or greater as natural gas inventories increase as do risks to oil supplies. Oil production in Nigeria, Africa's biggest producer, fell to less than half the country's capacity last month as fighting escalated in the Niger River delta. "We have made tremendous strides in improving" the gas supply situation, he said. "When the technology improved to the point where you can capture shale gas, we found out we've got all kinds of supply here in the Lower 48." Gas Shales Gas producers started tapping so-called shale gas formations after technology to exploit the reserves was perfected in the 1990s. Gas in shale deposits is locked into nonporous rocks. Gas found in more traditional locations is often under enough pressure to rise to the surface on its own. While home resale data and forecasts for a strengthening gross domestic product show the economy is stabilizing from the recession that started in December 2007, it's premature to say the contraction is over, according to the National Bureau of Economic Research, which calls the nation's financial cycles. Gross domestic product estimated on a monthly basis "had a trough earlier this year, but it is way too early to say that it is a true trough rather than a pause in a longer decline," said Robert Hall, who heads the NBER's Business Cycle Dating Committee. Economists expect the economy to grow 0.5 percent in the next quarter and then expand further, according to 61 responses to a Bloomberg News survey. Houston-based ConocoPhillips, the third-largest U.S. oil company, expects natural gas will rise to $6 to $8 as early as next year as demand recovers, said John Wright, president for gas and power marketing. "I don't think the levels that we're at now will provide the supply needed to meet demand, and that says prices will go up from here," he said in a June 4 interview in Houston. To contact the reporter on this story: Margot Habiby in Dallas at Last Updated: June 8, 2009 00:31 EDT DeliciousDiggFacebookLinkedInNewsvine
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