Molecular Energies Share Discussion Threads

[all in eol] 18/2/2024 14:42

The Foreign Secretary will meet Falkland Islanders and see their work to build a thriving community and protect their natural environment.
He will reiterate the UK’s commitment to uphold the Islanders’ right of self-determination.
He will then travel onwards to Paraguay, Brazil for the G20 and New York for the UN.
Foreign Secretary David Cameron will visit the Falkland Islands during the first leg of his first visit to the South Atlantic, South America and New York.

David Cameron will meet leaders of the Falkland Islands Government and see the range of communities that form part of the British family when he visits Stanley and other sites around this Overseas Territory.

In the 2013 referendum, Falkland Islanders overwhelmingly voted to retain their status as a self-governing UK Overseas Territory.

Foreign Secretary David Cameron said:

The Falkland Islands are a valued part of the British family, and we are clear that as long as they want to remain part of the family, the issue of sovereignty will not be up for discussion.

The Falkland Islanders should be proud of the modern, prosperous community they have built. The Islands are a thriving economy, where as well as farming and fishing, there is a priority given to conservation and sustainability.”

The Foreign Secretary will pay his respects to all those British personnel who served and those who lost their lives during the conflict in 1982 and thank the UK military personnel serving on the Islands today.

He will see the Islanders’ work to protect their natural environment and see some of the million penguins that live across the Islands.

He will then travel on to Paraguay, where he will be the first UK Foreign Secretary to ever visit the country. After that, he is due to go on to the G20 Foreign Ministers Meeting in Brazil where he will discuss G20 agendas on tackling hunger and climate change and work with partners to advance efforts towards peace in the Middle East and support for Ukraine.

And lastly, he will head to New York for the UN ahead of the second anniversary of Russia’s full-scale illegal invasion of Ukraine.

Background:
Details of the environmental protection projects: Darwin Plus funding is used to enhance training for wildfire prevention and response. FCDO funding is used to restore the native tussac grass habitats.
The Falkland Islands is thought to be home to around 20% of the world’s tussac grass and it is the most important wildlife habitat on the Islands – home to seals, birds, and invertebrates.

[brasso3] 18/2/2024 13:41

Maybe companies house has asked David Cameron to investigate why so many Limited companies are being set up in the region!

[scaleyman] 18/2/2024 13:22

Any perceived significance???

"Lord Cameron is then set to visit Paraguay - the first time a British foreign secretary has visited the South American nation." BBC News

[brasso3] 18/2/2024 11:53

54 wells and no oil production in the country. What are the chances that this amateur outfit can drill and deliver a commercial well?

Should be at TD in the next 7 days. My prediction is that we will get no RNS or communication from the company.

[all in eol] 17/2/2024 21:31

I believe the answer to your question is zero.
CPC have seen and reviewed all the data but are still willing to give it a go. MEN are willing to try again so the potential reward must be compelling.
Not long to find out if it was the right decision.

[masergt] 17/2/2024 20:46

"...70 percent of the 54 oil wells drilled so far in Paraguay show "very important indications" about the presence of hydrocarbons..."

I don't want to pour cold water but I guess that's why companies drilled there in the first place. But what the Vice Minister has not said is how many of those wells went into commercial production. I still don't know why PL downgraded the COS to 17%. It made no difference to the funding and if its dry its dry. I wouldn't want to be remembered for getting closer to a prediction of failure than some previous estimate - especially if I'd been the one to give the final decision to go ahead with the drll.

[all in eol] 17/2/2024 09:32

Asunción, Jan 16 (Prensa Latina) 70 percent of the 54 oil wells drilled so far in Paraguay show "very important indications" about the presence of hydrocarbons, revealed today the Vice Minister of Mines and Energy, Mauricio Bejarano.




January 16, 2024
CST16:13 (GMT) -0500
The figure was completed with the one opened since Friday by the British company President Energy in the department of Boquerón, northwestern region of Chaco, the third of the entity after two excavations in 2014, the official added to radio Monumental 1080 AM.

Bejarano explained, when questioned about the alleged amount of fuel extraction after restarting drilling work after a six-year pause, that to determine the volume of a deposit "the reserve must be certified and before that it would be irresponsible to determine the production."

According to the Vice Minister of Mines, the number of Paraguayan wells in places where previous investigations revealed the existence of fuel, "is relatively small" compared to what neighboring countries and other parts of the world have.

“It is the third well in that block,” he commented, “and for the Paraguayan State it is encouraging and a joy that exploratory activities are returning after many years.”

The national geological basins are home to eight previous wells where oil was also searched for, such as this one undertaken on Friday, which will have an investment of 15 million dollars.

Paraguay – Bejarano clarified – began its search for oil a long time ago, when natural gas did not have much value.

The British company President Energy is drilling its third well in the aforementioned region, where previous investigations revealed the existence of the fuel, added the head of Public Works and Communications.

Specialists from this Anglo-Saxon hydrocarbon exploration, evaluation and production company focused on South America, estimate that this third drilling will reach a depth of 3,750 meters within a period of 45 days.

“The certainty of what is in that area can be determined if the company's specialists decide to continue. They calculate that depth because it is indicated by the prospect on which they are based,” Bejarano commented.

"After six years without any exploration and prospecting activity - he explained - a new process begins and we hope that this company has good results and expectations become reality so that the country can have national hydrocarbons and not depend on other countries."

Previous studies of the area, such as those by Paraguayan Richard Kent, cite data from international sources to speculate that Paraguay has “large oil and gas reserves.”

This third well of the British company bears the name of Tapir I, in reference to one of the mammals that inhabit the Paraguayan Chaco.

[all in eol] 17/2/2024 09:05

Company Name: G MOBILITY LIMITED
Company Number: 15011529
Date of Appointment: 09/02/2024
Name: MR CHRISTOPHER RAGGETT

[all in eol] 17/2/2024 09:03

Company Name: DUAL FUEL LIMITED
Company Number: 14542148
Date of Appointment: 09/02/2024
Name: MR CHRISTOPHER RAGGETT

[all in eol] 17/2/2024 09:01

Company Name: GREEN HOUSE CAPITAL GROUP PLC
Company Number: 15008204
Date of Appointment: 09/02/2024
Name: MR CHRISTOPHER RAGGETT

[all in eol] 17/2/2024 09:00

Company Name: ATON 6 PLC
Company Number: 14675558
Date of Appointment: 09/02/2024
Name: MR CHRISTOPHER RAGGETT

[all in eol] 17/2/2024 08:59

Company Name: HYSO LIMITED
Company Number: 14664763

Date of Appointment: 09/02/2024
Name: MR CHRISTOPHER RAGGETT

[all in eol] 16/2/2024 14:10

ATOME CEO, @OlivierMussat, discusses and provides context to our recent announcement on the developing green fertiliser project in Costa Rica 🇨🇷 🌱

[brasso3] 15/2/2024 10:25

I am not sure PL has lost a fortune here:-
- Big salary and bonuses (him and family members)
- 12 - 16% interest on his loan
- He still owns a big stake in MEN and ATOM
- He has acquired all of our P2 reserves at a very cheap price

MRP, PPC, MEN has not been his best investment but its not hurt him to the extent the private investors have been punished.

[brasso3] 15/2/2024 08:13

We have never found any oil during an exploration well that is why.

The share price here is always a leading indicator of operational activity.

[rizzzla] 15/2/2024 07:14

Not once on any drilling has anything leaked good or bad capt Ahab

[brasso3] 15/2/2024 07:05

35 days into a 45 day drilling campaign. Hard to believe that with a company like MEN and Argentine/ Paraguay drilling team than any positive news would be kept quiet.

[brasso3] 14/2/2024 21:52

You summed things up nicely. I just no longer have the energy to go into much detail on MEN on my posts. PL has managed to limit the damage to himself but left the rest of us holding paper assets with little substance to their value.

We are a few weeks away from a 1 in 5 shot at some good news. Fingers crossed but not optimistic.

[masergt] 14/2/2024 21:42

None of us know Brasso but the share price seems to suggest there is. Historic performance against published expectations is just dire. cf the 2014 Edison report posted by Peterpiper:

"A reminder of the value put on the Pirity Block from ten years back, prior to the 2014 drilling programme...






Pp.

[My reply] Lol re Edison.

14th April 2014 - MCap £127m, Net cash - £41.2m.

14th Feb 2024 - MCap £4.46m, Net cash - who knows!

Gee thanks PL.


The market has zero confidence in anything PL says or does. Always jam tomorrow followed by a fundraise. The last placing for a measly £500k was diabolical: the damage to PI's just wholly unacceptable. We are treated with contempt.

RNS 24th Jan 2024, 7:00am. "...intention to raise at least £500,000 (before expenses) pursuant to a placing (the "Placing") of not less than 991,851 new ordinary shares ... a subscription (the "Subscription") of not less than 436,714 Ordinary Shares... all at a price of 35 pence per New Share. [A total of 1,428,565 new shares].

The day before, we'd closed at 73.5p.

RNS 24th Jan 2024, 3:22pm. "...successfully raised £0.65 million (before expenses) pursuant to the Placing and Subscription of 1,852,824 New Ordinary Shares at the Issue Price [of 35p]... representing 17.9 per cent of the Company's issued share capital at the date of this Announcement. Following Admission, the total number of Ordinary Shares in the capital of the Company in issue will be 12,218,197."

That day we closed at 37p, halving the MCap and diluting our investment by a fifth - and PL boasted about this 'insider' giveaway being oversubscribed!

So just what was PL up to? £500k is pocket money to him so it's not as if he couldn't have chipped in for the short term support of his own company. But why would he even have to do that given that just 13 days before he'd announced the receipt to the UK of US$500k from Argentina?? With a total US$13m to come from Argentina over the next five years, even a bank would have lent him £500k.

PL shafted the PI's on 24th Jan but there will have been winners - so who were they? A quick look at trading volumes in the days leading up to the placing makes for disturbing reading and awkward questions.

Mon 15th Jan - 7,290
16th - 16,692
17th - 313
18th - 7,170
19th - 7,350

Mon 22nd - 21
23rd - 1
24th - 536,548
25th - 140,619
26th - 110,152

Now I don't believe you can announce a placing at 7:00am and close it by just gone 3:00pm without prior funding discussions and commitments. I believe those started over the weekend of 20th/21st and were well known in the market on 22nd/23rd. I believe PI trading had been fairly quiescent since announcment of the Chaco spud delay a month before as PI's basically sat on their hands waiting for news. The share price fluttered between 75.5p and 72.5p with volumes typically in the 6 to 7,000 range, presumeably on continuing small intra market deals.

Then damned near zero trades on 22nd and 23rd. The stock opened on 24th at 37.5p with a high of 40.0p and closed at 35.0p. It was hammered again on the 25th but the bounce didn't take hold and even though volumes have strengthened we're still sat at the placing price.

These are my questions:

Given the prior market knowledge of the heavily discounted placing, then how many sells were not reported on the 22nd and 23rd but held back to be hidden among the massive trading volumes on the 24th? How many of the buys on the 24th/25th were the sellers getting back in having doubled their holdings? We know the MM's selectively delay trading info to moderate and create a 'stable' market - and the FCA/Stock Exchange approve this - but what chance, what voice, have we against that sort of crooked marketplace? And who were those inside winners?

And therein lies the nub Brasso. We know nothing 'cos we're told nothing. And would I believe PL now anyway?

[masergt] 14/2/2024 17:50

Lol re Edison.

14th April 2014 - MCap £127m, Net cash - £41.2m.

14th Feb 2024 - MCap £4.46m, Net cash - who knows!

Gee thanks PL.

[brasso3] 14/2/2024 16:14

So is there something price sensitive that we do not know about at MEN?

[piperpeter] 14/2/2024 14:00

MEN's share holding in ATOM is currently worth in excess of the entire MEN market cap.

Pp.