This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

AJL - AJ Lucas Group

Jump to new
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.

 
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.

 
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


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:


 
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

 

Attachments

  • 1664433422271.png
    122.5 KB · Views: 6
peter2 said:
Totally sucks for the shareholders. Easy money for the insiders without taking much risk.
Click to expand...

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

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

Shareholders probably should've seen it coming. Not gonna be able to actually frack with negative EPS and what they have on hand...
 
You must log in or register to reply here.

Similar threads

M
Impressions from Elliott Wave revisionist Glenn Neely's seminar
2
Replies
31
Views
14K
wavepicker
W
Uranium in for correction, not a rout
Replies
0
Views
8K
motion
M
Gartman's 13 Rules of Trading (do you agree?)
2
Replies
20
Views
8K
It's Snake Pliskin
I
Coin Tossing - Risk & Money Management
Replies
0
Views
5K
RichKid
The best I've seen on ANY Forum!
2 3
Replies
50
Views
22K
frugal.rock
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...