Gcm Resources Share Discussion Threads

[behuge] 06/8/2019 13:57

Laughable volume of 54,056 shares traded.

[behuge] 06/8/2019 13:49

Another day with NO volume

[behuge] 06/8/2019 08:42

Hydrocarbon policy
Published: August 05, 2019 22:07:08


The framing of a maiden policy on hydrocarbon exploration should have been the outcome of a necessity rather than any routine bureaucratic exercise. It is no secret that the country has to foot a huge fuel bill annually. Its present reserve of gas is limited and decreasing fast. Coal deposits in Barapukuria and Phulbari may be substantial but not enough for the country to reduce its import of fossil fuel from abroad. The price of crude oil in the international market has remained low for a couple of years. It has helped to some extent the country's economy. But volatility marks global oil prices depending on numerous factors ranging from cold war of the past to political embargo on export of oil from a few countries, conflicting interests within the OPEC (Organisation of the Petroleum Exporting Countries). In short, the international market of oil is unpredictable.

Against such a background, it is wise to fall back upon resources of a country's own backyard. A policy exclusively drafted on exploration of hydrocarbon, therefore, means a lot. The country's lone exploration entity, the Bangladesh Petroleum Exploration and Production Company Ltd (Bapex) has arguably raised its capacity to explore natural gas and oil. Yet involvement of foreign companies with highly advanced technology at their disposal should be welcome. Actually, there is no problem with such collaboration so long as the choice of companies is made right and the terms and conditions do not disproportionately favour those companies. In case of Tengratila and Magurchhara, the foreign companies took undue advantage of the lack of experience on the part of Bangladesh in negotiating the partnership share and issues like demurrage. This should not happen any more in the future.

Again, the important point is to get the priority right so far as exploration of natural gas and oil is concerned. Striking on-shore gas, coal or oil fields with commercial viability may have reached an inelastic point. The focus should be on exploitation of what is called blue economy with particular emphasis on off-shore drilling. That foreign companies do not readily demonstrate their interest in exploration of off-shore gas or oil reserve may be aimed to clinch the bargain in their favour in future. There is however a need for capacity-building in terms of steering diplomatic and commercial negotiations to yield results at the right time.



The policy on hydrocarbon exploration should be framed with an eye on the country's future need. Countries in both developed and developing worlds have already opted for a paradigm shift in the use of energy. Already there is a race for bringing out efficient electric cars instead of those run on petroleum. Similarly, many countries have set targets to transform to green energy. Bangladesh also has earned the distinction of using the largest number of home unit solar panels. If solar energy can be harnessed exponentially, the scenario of energy production will change for the better. Other renewable energy sources will also be made to complement this unlimited natural resource.

[baxtea1] 06/8/2019 06:29

2+2=5

Jeez boy, you’re desperate aren’t you


GPback
Posts: 6,255
Price: 21.00
No Opinion
RE: Phulbari mentioned05 Aug 2019 21:32
At least they’re talking or insinuating that a lot more coal will be required after Bara and Phulbari are mined!!
ReplyRecommend (3)Report Post

GPback
Posts: 6,255
Price: 21.00
Strong Buy
Phulbari mentioned05 Aug 2019 20:21
hxxps://thefinancialexpress.com.bd/editorial/hydrocarbon-policy-1565021228

[behuge] 05/8/2019 15:42

Another day with no volume. This will BEHUGE

[behuge] 05/8/2019 13:55

Not if you bought a big chunk when the share price was at around 5p...

[badger010776] 05/8/2019 13:46

down the toilet?

[behuge] 05/8/2019 13:19

James follow where the money goes simple as that

[behuge] 05/8/2019 12:33

Coal is still the cheapest and more efficient energy for many decades to come for low income countries. Listen to the Chinese and to BEHUGE...

[jamesss1] 05/8/2019 12:25

NO Behuge, you hope and want it to be.Time will tell if it is indeed the future.

[behuge] 05/8/2019 12:18

Coal is the future of Bangladesh

[jamesss1] 05/8/2019 11:59

You are dangerous behuge.

[icb888] 03/8/2019 18:54

Some interesting background information from today’s FT. Unprecedented efforts to install renewable power capacity have met only 2% of global energy demand which means the overall reliance on fossil fuels shows no sign of abating. Coal,oil and gas are forecast to contribute about 85% of prime energy supply by 2040 compared to 90% today. Further energy demand led by swelling populations in Asia and Africa will increase by 25% by 2040.
This strongly suggests to me that Bangladesh needs and will continue to need Phulbari to be mined.

[behuge] 02/8/2019 18:45

GCM news on the way

[slickmick] 02/8/2019 16:53

Where's the goat nosher gone???? 😂😂

Have a good weekend lads, don't spend it all on the internet looking for coal stories! 🐐🐐🐐🐐8016;🐐Ԁ16;

[baxtea1] 02/8/2019 14:28

They don’t respond to Trolls Jay. 😂

Which means, they don’t respond to anybody who outs their lies & misleading info.

They can never sensibly counter any post that is remotely realistic either. They have little knowledge of this stock & Asia, despite what they try to make out.

21p share price says I won’t be jetting off to the French Riviera this weekend so sunny Norfolk will have to suffice. Have a lovely weekend folks

[zippy123456] 02/8/2019 13:17

Look at the grammar mate, it's that same bellend on yet another ID.

Goat nosher must have about 12 different Id's now.

Even more work for the fool.

[slickmick] 02/8/2019 12:17

'Go deramper somewhere else."

Obviously intelligence levels on a par with the goat nosher! 😂😂