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Everything posted by jerpy

  1. Yep seen some estate agent figures that backed that up. During my brief visit to Aberdeen a guy i was talking to had the misfortune to be having to sell his parents house only a modest 2 bed bungalow. He'd done some research and thought £150,000 was fair value. The estate agent said try £160,000. He sold last week for £165,000. Small beer, but show's where they are at in Scotland. Like he said, it's like a ripple effect from London and lags behind by a year at least. Though the ripple is less in either direction ie never had the huge rises and probably therefore have less to fall in any downside or weakness when it comes. His region also covers the North East, which is the worst performing area for his company's U.K business! Riggers
  2. Well aside from more mundane matters it also promotes an healthy lifestyle and yes i'm one of those expanding my veg area, makes sense with food inflation too! Riggers
  3. Same as both. Also fear short term correction, considered futures but again the deposit and calls puts me off, so trying to pick odd winners in the hope their may be a pull back that let's me in more comfortably.
  4. Dont you doubt it. Heading north of the border tomorrow to see a major construction company, i'll let you know if the lights are still on! Riggers
  5. jerpy


    Yet another thought out loud, love talking to myself FLEX LNG Ltd, Mitsubishi Corporation and Peak Petroleum Industries Nigeria Ltd sign Heads of Agreement (HOA) for floating LNG Project offshore Nigeria Company news 2008-06-09 08:22:52 Road Town, Tortola, 9 June 2008. FLEX LNG Ltd. (Oslo OTC: FLNG) is pleased to announce that the company has signed a Heads of Agreement with Mitsubishi Corporation (Mitsubishi) and Peak Petroleum Industries Nigeria Ltd (Peak) to jointly develop and market the world's first floating liquefaction project offshore Nigeria. The parties expect the project to produce 1.5 million tons of LNG per year for 15 years, with the first commercial LNG cargo planned for second half 2011. Was posted up on the ADVFN thread, but theres more than a little suggestion it could be positive for obvious reasons......why bother if you don't have funds to pay other debts! Riggers
  6. Is this not an area buoyed by an inflow of oil money? More of ask out loud question. Been there a few times and so wondering if this doesn't create it's own little bubble and what better time than at present? Riggers
  7. Me too for different reasons. See article and particular reference to Goldman Sachs report. The report said water was the "petroleum for the next century", offering huge rewards for investors who know how to play the infrastructure boom. The US alone needs up to $1,000bn (£500bn) in new piping and waste water plants by 2020. "Demand for water continues to escalate at unsustainable rates. At the risk of being alarmist, we see parallels with Malthusian economics. Globally, water consumption is doubling every 20 years. By 2025, it is estimated that about one third of the global population will not have access to adequate drinking water," it said. http://www.telegraph.co.uk/money/main.jhtm...C-mostviewedbox Notice some quite funny responses to the article, for those who look for humour in such crisis calls. Riggers
  8. But not just yet? Although it's time will come. "two of the biggest London share offerings this year are not eligible for inclusion in the index. Trading in Fresnillo, the Mexican silver miner valued at £3.97bn, has only been possible for 19 days, rather than the necessary 20 so it must wait until the next quarterly reshuffle in September to be included". But here's yet another resources stock going in. "The colonisation of the FTSE 100 by foreign resources companies will continue this week when Ferrexpo, the Ukrainian iron ore producer, is catapulted into the blue chip index. A market capitalisation of around £2.68bn will place it at around 80th in the rankings of the largest UK companies". http://www.telegraph.co.uk/money/main.jhtm...8/cnftse108.xml
  9. jerpy


    Relevant news SAN FRANCISCO, CA--(MARKET WIRE)--Jun 5, 2008 -- ERHC Energy Inc. (OTC BB:ERHE.OB - News), a publicly traded American company with valuable oil and gas assets in the highly prospective Gulf of Guinea off the coast of central West Africa, discussed a block-by-block analysis of three Joint Development Zone (JDZ) Blocks in a presentation at the RedChip Small-Cap Investor Conference in San Francisco. WesternGeco's interpretation of seismic data estimates the combined recoverable reserves potential of JDZ Blocks 2, 3 and 4 could total more than 5 billion barrels of oil (P50), prior to deductions. The report was prepared for ERHC by WesternGeco in 2003 using reservoir parameters similar to those known from nearby fields in Nigeria and Equatorial Guinea. Since then, it has informed the Company's decision-making and strategy. The report estimated the following: JDZ Block 2, in which ERHC has a 22 percent interest, has recoverable reserves potential of 2.63 billion barrels. D.Y.O.R
  10. Unfortunately some are so stupid they will look to blame everyone but themselves. Something to do with the compensation culture the U.K has adopted from the U.S! They will blame governments, lenders, estate agents, builders, neighbours anything they can pin on a reason for "their" highly mortgaged house's price fall on from it's vastly over inflated price they were "led" to believe was realistic. Who signed the contract, i say!
  11. Hmmm, well maybe but i would be very cautious. Believe me or not, but Barratt's have issued an instruction not to pay sub-contractors for the next month whilst they progress funding issues. Had it confirmed by people who work for Barratt's. D.Y.O.R Riggers
  12. Caroline Flint yes doubt many would bet against at the moment. Barratt's master boring builders, but for how much longer
  13. jerpy


    Share did rise high very early and retraced so some no doubt unhappy. But this looks to be the key driver (as posted by someone sensible enough to look at details) http://www.rigzone.com/news/article.asp?a_id=62593 "Prior to the grant of the Final Award, Peak had made several representations to the Company that it will be able to and intends to satisfy in full, the terms of the BSA at the latest by the middle of June 2008. With this in mind and in order not to frustrate Peak's current financing initiative, the Directors of Equator have taken the view that it would be prudent and in the interests of the Company's stakeholders to achieve settlement under the BSA before enforcing the Final Award. Although OML 122 Ltd is presently taking steps to register the Final Award in the Nigerian courts, it will however not seek to enforce its claim in the Nigerian courts until after the middle of June 2008, at which time the Company will reassess its position if settlement under the BSA is not realized". Possibly suggesting an expectation of settlement? If not...... well it's all in the article and currently the 20's seem a new support level. But the picture seems to be changing.
  14. jerpy

    The Wind Power thread

    NORWAY: May 27, 2008 OSLO - Norway could become "Europe's battery" by developing huge sea-based wind parks costing up to $44 billion by 2025, Norway's Oil and Energy Minister said on Monday. http://www.planetark.com/dailynewsstory.cf...48504/story.htm
  15. Meanwhile back in the U.K, how to decide an eco-town! http://www.arun.gov.uk/cgi-bin/buildpage.pl?mysql=4517 "The eco-town process is entirely new and outside of the national, statutory planning system. The decision will be made in private and at no stage are the Minister’s actions subject to any form of public scrutiny or debate. We could be talking about the biggest development in Arun’s history being forced upon us even if the evidence suggests this is not the best place to build in and that the local community is against it. We know that there are many local organisations just as opposed to this idea as we are, and we look forward to joining forces with them to campaign against the eco-town process.” Cllr. R. Bower - Cabinet Member for Planning Arun D.C's website's final comment says it all on the whole process. "Given that the first 5 sites are expected to be underway by 2010 this does not give sufficient time for all the details of the eco-towns to be designed, funded and have the necessary planning and other consents in place. Hence, we believe, the alternative route (set out in the timeline) that planning applications will start to be submitted from any time now onwards. This timetable does not allow either for any major infrastructure works needed to support an eco-town to gain planning approval and commence construction". So another well thought out initiative, involving all........hmmm good government?
  16. Someone#s trying to spoil your prediction Article posted by Simon English of Evening Standard 30th May. Oil traders in London are to be dragged into a worldwide investigation amid increasing concern among regulators and politicians that the market is rigged. The Financial Services Authority is linking with watchdogs in Europe and the US to probe suggestions that teams of unscrupulous traders are driving oil prices higher, damaging business and hurting consumers. America's Commodity Futures Trading Commission, until now a low-key regulator, has upped its profile in response to fears that the oil market is spinning out of control. With some analysts predicting prices could rise to $200 a barrel within the next two years, officials are worried that the normal laws of supply and demand have been suspended. The CFTC has taken the unusual step of announcing that an investigation has begun in an attempt to pacify anxious politicians. Bart Chilton, a CFTC commissioner, said: 'It's important that people who are paying high gas [petrol] prices understand the CFTC is on the case and that we're closely monitoring, and in this instance deeply investigating, any potential abuse.' Traders will be ordered to give daily information on positions they have taken in the oil futures market - a field that has tended to fly beneath the radar of financial regulators. The concern is that some investors have taken such heavy positions that they now have a vested interest in keeping prices high by spreading fears that demand for oil is likely to outstrip supply in the near future. The CFTC and the FSA are to analyse data from the New York Mercantile Exchange and the IntercontinentalExchange (ICE), which owns the London exchange, to see if traders are taking positions that exceed normal dealing patterns. ICE chief executive Jeffrey Sprecher concedes he is under pressure to persuade the world that the market is not being manipulated. 'We are in extraordinary times,' he said. The oil price slipped 77 cents to $125.85 a barrel today, but is expected to remain well above $100 for the foreseeable future. In Britain and elsewhere, truck drivers and motorists have been protesting that petrol prices are out of control. The CFTC is understood to have begun its investigation six months ago. It is also demanding traders follow new rules designed to increase the transparency of the energy futures market. Analysts say the probe could help drive oil costs lower, at least in the short term, as traders grow nervous about placing large bets on high prices in case they become the focus of the inquiry. ....ends.... Looks like people trying to find the brakes, but the pads are worn.
  17. On that note GTE is flying(pardon the pun) with funding in place, now where did i read someone bulling up their prospects this week. (Moneyweek i think).
  18. Now where's that picture of all those planes out to pasture in the American desert! The image is thought provoking.
  19. Unfortunately the U.K still misses the point. 19 May 2008 Fourteen leading experts will today challenge developers to improve their visions for eco-towns and deliver world class proposals for the first new towns in the UK for 45 years. The panel of leading figures from the worlds of design, the environment, transport and sustainability, was selected by Housing Minister Caroline Flint to provide expert advice and support to bidders and inject new thinking on how eco-towns could be best delivered in each of the 15 short listed locations. The Eco-Town Challenge Panel will throw down its challenge to bidders at its first meeting with them today. Housing Minister Caroline Flint said: "Only the best bids with the highest environmental standards stand a chance of being selected as an eco town. The Panel will have a vital role in encouraging and inspiring developers to aim as high as possible in each potential location. There are no done deals and I expect bidders to raise their game by taking on board the expert advice available to them, to make the most of this unique opportunity to deliver the affordable, greener homes our first time buyers and young families desperately need." http://www.communities.gov.uk/news/corporate/810823 The brownfield site at Manby near Louth has been put forward by East Lindsey District Council. The chairman of the Campaign to Protect Rural England in Lincolnshire, John Rose, said he has some reservations about the transport links in the area around Manby. "All the plus factors on eco-towns will be counter-balanced by the need to get out of town to get to your place of work," he said. This article also provides the key problem facing a lot of the proposals......"Opponents have insisted the settlements of up to 15,000 homes will spoil important countryside and overwhelm local infrastructure". http://news.bbc.co.uk/1/hi/england/leicest...ire/7327991.stm Something planners pick up on. "The first test of an eco town should be the sustainability of it as a location. There was also a feeling that 5,000 dwellings might be at or below the very lowest limit for a sustainable community". Rather interesting article suggests they are a bit miffed they are not being listened too more http://www.bardcampaign.com/politics/third...n_ecotowns.html
  20. Friend of mine moved out towards West Wales in keeping with all you suggest, bought a knock-down mill and renovated it with several acres to boot. Saved a fortune on current rates as to what he could buy elsewhere, however, his nearest town seems to be Llanelli (about 14 miles or so away). What would concern me, is whilst he can currently live off the land and works in an energy efficiency related field, he's so remote i don't think he's thought out transport issues linked to health needs and other supplies for example.
  21. That depends on how self sufficient you can become and your outlook on community living ie do you need the big cities? Unfortunately i need a car for my current lifestyle and live in a semi-rural area ie small village. But aim to be more self-sufficient, live off the land and local produce. But must admit the cities lure me for entertianment in several ways....then their are holidays, so some travel essential, whatever i pursue in future if i stay where i am.
  22. Following on the near bombed out theme and reasons for optimism, article published in Mineweb. "It may be difficult to believe, but there are a number of emerging uranium producers with stories that are likely to bring rewards to investors. Until then, the good news for investors is that the Bank Credit Analyst recently asked whether (general) commodity mania had entered the dangerous terminal phase, and, pointing to five of its favorite signposts, found that none were yet worrisome. It added, however, that "the ingredients are in place for a full fledged commodity mania throughout the remainder of this decade". http://www.mineweb.com/mineweb/view/minewe...8&sn=Detail
  23. jerpy

    Condor Resources PLC

    http://www.condorresourcesplc.com/admin/La...b%20version.pdf World mining stocks May 08 update. Riggers
  24. jerpy

    Mining in Vietnam

    Share price seems to be holding at the minute, but unsure if means anything either way. Web-site contains placing details. http://www.tpjunction.com/ Riggers