AJL

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0.8¢ aj lucas group limited

A Perfect Storm, page-2

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bardot

106 Posts.

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14/12/17

10:50

Post #: 29623292
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Originally posted by darwineurope ↑

Whilst the drill bit is grinding away the following has now happened in Europe:

- The Troll Field in Norway is partially closed, due to unscheduled maintenance
- The Bacton interconnector is down, due to unspecified issues
- For this month only one LNG tanker is scheduled for Milford Haven

These three are critical for UK Gas Independence.

On top of this the following happened earlier today;
Baumgarten, the underground gas storage / distribution point in Austria for Russian gas to Europe has had a pipeline exploded. The facility is down. Italy has called 'State of Emergency' because it relies on this for its gas supplies.

And last, but not least; The Rough gas storage in the UK is pumping out its last reserves. After this it will go into scheduled refurbishment. So, zero contribution this winter.

This means the risk of the total gas system going down in the UK is real. Prices spiked already, without the Bacton impact, as that just happened.

We only need to see a 'white Christmas weather forecast' and UK could get into real trouble. An extra LNG tanker takes minimum 5 days to arrive once ordered.

This should justify a renewed discussion of Shale Development in the UK. Reclassify it as an Infrastructure Project of National Importance. Take away some red tape. Maybe don't take the handful of anarchists, swamps and google educated housewives in front of PNR gate too seriously.

Labour will be under pressure to come forward with a believable energy policy. The Torries already have it and support shale. Makes sense, as Bowland will bring 40 years of domestic clean fossil energy and energy independence to the country, as well as jobs, taxes etc.

Quite possibly this situation should be positive for AJL. If normal exploration continues, and flow tests deliver, then we are 50% owners of tens of billions of gas and oil. Our current enterprise value is a mere fraction of this.

So, up she goes!
Who needs Bitcoin?

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Thank you darwineurope for a positive and apparently factual report on the state of play over there. A pity we are not more advanced with our drilling and extraction or we would probably enjoy a rise in SP. I am a really long term holder and well under water with this blasted company so am hanging on in hope.
I appreciate your efforts.
Cheers
Bardot

AJL Price at posting: 35.5¢ Sentiment: Hold Disclosure: Held
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A Perfect Storm, page-2

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A Perfect Storm, page-2

Top Stories

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Featured News

Buyers (Bids)

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