Australian (ASX) Stock Market Forum

AJL - AJ Lucas Group

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Dona Ferentes said:
Sounds like Putin has shaken up the dreamers in the UK Energy department, to me.
Click to expand...
Dreamers have turned into screamers.

8 April 2022
UK Energy Security Strategy – Review of Moratorium
on Shale Gas

AJ Lucas Group Limited today welcomed the announcement by the UK Govt. that it “remains open-minded about onshore gas reserves and has commissioned an impartial technical review on shale gas by the British Geological Society to consider any further scientific updates on seismicity that the Govt. ought to consider”.

Watching with popcorn.
If they start fracking again, they might just have a few more Isle's... the place is pockmarked underground from
"ye olden days" shafts.

Screenshot_20220423-213309.png
 
I can see the UK guv backflipping here...
Fracking will be a go, probably.
Shale licences laying dormant and unusable were going to be exited.

Mid June announcement states;
"Spirit Energy Withdraws Notice to Exit
Lancashire Shale Exploration Licences"
in a twisty turn of events.
I'm quite sure the guv quietly told 'em to withdraw the notices... too much paperwork and red tape to get them going again, I'd say.

As we move into Summer, I really think the shite will hit the fan in Europe.
They're already up ship creek, energy wise.

What if Vlad really raises the middle finger flag?

Starting to think the geo political factors are greenlighting this stock, in my opinion only.
Not sure on micro FA, but macro FA is compelling...
Not held.

Screenshot_20220721-224402.png
 
i am betting Vlad will annoy the West again so much they will do another 'circular firing-squad '

don't forget Russia sells a bit of nickel and aluminum , not so exciting in themselves .. but who has all the cheap excess energy to process them ???
 
frugal.rock said:
It's a little like imdex and an oiler/ gasser all in one.
What could go wrong?
Unless the aristocracy falls... I wonder how Her Majesty is these days, apart from "old" that is.
Click to expand...
Vladolf is keeping up the pressure; the Siberian gas is not flowing

"British households were told on Friday that their power and gas bills will increase from Oct. 1 by 80%.
The so-called energy price cap was set at £3,549 ($4,189) per year, up from £1,971 over the past six months and £1,277 during last winter.”
Click to expand...

Do something . Someone. Pretty please.
 
There was an article in the AFR today mentioning that if Truss wins the expectation is she will approve a bunch of licenses for fracking, offshore exploration, etc. (even though exploration would take a decade to result in usable energy for the UK) and mentioned AJL specifically as the owner of whatever UK fracking company.

So the AJL price and I guess HHR mentioned by @peter2 have become proxy bets on Truss win outcome?
 
New UK PM Liz Truss will reportedly follow through on her leadership pledge to ditch the ban on fracking to allow shale gas extraction in places where it is supported by local communities

( which, by the end of winter, they will support )
 
AJL share price up 16% on news that the UK government has lifted its moratorium on fracking in England. UK government doing whatever is necessary to ease Euope's transition away from Russian energy, as well as attempting to lower spiraling energy costs for its own citizens.

Cuadrilla has been lobbying for this for some time. This is from the AJL Annual Report:

Against the above backdrop Cuadrilla has been actively seeking to persuade the UK Government and the Oil and Gas Regulator to lift the Moratorium on shale exploration and to properly support onshore domestic gas production. Our starting point was challenging, with the Regulator advising that not only was the bar to lift the Moratorium being set high but that Cuadrilla must also, by the end of June 2022, plug and abandon the UK’s only two successful horizontal exploration wells drilled at our Preston New Road (PNR) site in Lancashire.
Click to expand...

AJL230922.png
 
greggles said:
AJL share price up 16% on news that the UK government has lifted its moratorium on fracking in England. UK government doing whatever is necessary..
Click to expand...
and seems to have (been) shot down as quickly

AJ Lucas completes $19.7m placement
• $19.7 million capital raising successfully completed via a share placement to institutional, sophisticated and professional investors using the company 15% placement capacity
• The placement was strongly supported and oversubscribed
• Issue price of $0.11 per share , which represents a discount of approximately 29% (!)
• There was no offering to retail

1664433834642.png
 

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peter2 said:
Totally sucks for the shareholders. Easy money for the insiders without taking much risk.
Click to expand...
www.afr.com

AJ Lucas Group raises $20m as UK lifts hydraulic fracturing ban

Listed drilling services and gas exploration business AJ Lucas was asking investors for $19.7 million via a share placement on Wednesday morning.
www.afr.com www.afr.com

The term sheet sent to potential investors said AJ Lucas planned to use the proceeds for its UK operations to respond to regulatory changes, expenditure on plant and equipment and for working capital.
Click to expand...

With all of $3M in cash, $110M debt and $33M in 12-month liquidity...need the cash to actually make the price worth even 11c :D

Shareholders probably should've seen it coming. Not gonna be able to actually frack with negative EPS and what they have on hand...
 

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