Gcm Resources Share Discussion Threads

[zippy123456] 08/8/2019 09:45

That 15p could well be today Bax

[behuge] 08/8/2019 09:44

The lower, the better

[behuge] 08/8/2019 09:44

GCM will be Massive. Just buy hold and relax

[baxtea1] 08/8/2019 09:43

Sub 19p says it all!

[behuge] 08/8/2019 09:40

Thanks to all the sellers

[zippy123456] 08/8/2019 09:20

I second that...

But don't worry - they say it will multi bag many many times over..

Hmmmm - well they have been saying that since i've been here and oh look we are at sub 20p

This will be below 15p by end of August

[behuge] 08/8/2019 09:19

Added 2x50’000 this morning. Buy, hold and relax. This is gonna BEHUGE

[behuge] 07/8/2019 16:16

GCM will be insanely massive after reading this..

hxxps://ep-bd.com/view/details/article/MzczMQ%3D%3D/article-title?q=mujib+year+%26+energy+policy


On the other hand, the government should take decision of coal mining from Phulbari and Khalashpir after reviewing the two Schemes of Development (SODs) lying unattended with them. Dighipara must be developed and Barapukuria must be further developed applying appropriate mining methods. During the tenure of the interim caretaker government (2007-08), a foreign company reviewed SOD of Hosaf Group for Khalashpir field. More study was recommended before the approval. But that remains unattended unfortunately. Asia Energy submitted SOD for Phulbari mine in 2006. But for reviewing that a committee was formed with a BUET teacher having no past proven track record of mining. Failing to assess the technical merit of the SOD, the committee raised irrelevant issues regarding the contract. Consequently, it created controversy. The government did not take any decision. For this, mine ready in all respect for mining is waiting for years for decision. Experts believe the government must give green signal for mining by engaging competent companies having proven track records. Experts believe that no major mining company would come to Bangladesh till Phulbari grid lock is amicably settled.
The former chairman of Petrobangla and a mining engineer by profession Mohammad Mosharraf Hossain said, “Imported fuel dependency will make the energy security vulnerable. There is nothing wrong starting mining by foreign company under contracts protecting the interest of the country. The government agencies on standalone basis have no capacity for this. IOCs must be engaged for exploration of petroleum at onshore and offshore alongside BAPEX.” BUET Professor Dr Ijaz Hossain also suggested engaging IOCs for exploration of oil and gas at onshore and offshore. He also suggested taking stern actions for ensuring efficient use of fuel and energy. According to him, greater use of own gas and coal would delay requirement of import of expensive fuel from global market. By using own fuel, Bangladesh economy can grow to a stage eventually to absorb price shock of imported fuel. Former Director of Petrobangla Md. Maqbul-E-Elahi thought that not being able to ensure proper use of own coal and gas is a failure of the government. According to him political leadership and a certain group of so-called intellectuals cannot deny the responsibility for this.
No one would deny the remarkable success of the present government in power sector. But the sustainability of the success would come under question if the government fails to arrange sustainable supply of fuel at affordable cost. Success in power sector could be achieved through planned integration of private sector in power generation. Following the same route, enabling documents must be prepared for attracting local and foreign private sector investment for oil and gas exploration. If that can be done, major success in oil and gas exploration can be expected within 5-10 years.

[behuge] 06/8/2019 17:01

Something very big brewing

[jayviper] 06/8/2019 16:38

Fantastic news we are due a spike jackoff is back ha ha

[behuge] 06/8/2019 16:24

Fossil energy will always be needed and the Chinese knows it... gonna BEHUGE

[icb888] 06/8/2019 16:19

I hope everyone is taking note of recent articles about global energy which make it clear that coal and other fossil fuels still account for 90% of global energy needs and will continue to do so for many decades at minimum. Renewables are only a small part and therefore Bangladesh like virtually every other country on the planet will have to mine its coal. It needs coal and to import it is economic stupidity which it can’t afford.Phulbari needs to be mined in the best interests of Bangladesh. Mr Tang and his Chinese friends need to get this over the line ASAP. The Chinese can put this directly to Hasina and I very much trust that this is what they are doing. I can’t believe they have put so much into this if they are not very confident of success.

[behuge] 06/8/2019 15:25

Buy hold relax GCM will be massive

[behuge] 06/8/2019 14:27

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.

[zippy123456] 06/8/2019 14:16

Cheers Jay,

Yeah same to you mate, was gonna get out but like you say one day this could happen.

This time next year Rodders lol..

Fingers crossed it happens sooner rather than later, preferably before we are all in a care home and can hopefully enjoy any profits.

ATB

Jupes.