Stock data
| Market cap. | £9.1m |
| Last close | 0.60p |
| High / Low (52 weeks) | 1.4p / 0.4p |
| Stock market listing | AIM |
| Forecast net debt (£m) | 1.9 |
| Forecast gearing ratio (%) | 228 |
| Team | Resources - Oil & Gas |
| Sector | Oil & Gas |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | 60 | 41.18 | (57.14) |
| Relative * | 67.86 | 52.77 | (52.9) |
* % Relative to local index
Other companies covered in sector
| Y/E Mar | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (p) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (4.4) | (5.1) | (0.5) | N/A | N/A |
| 2011A | 0.0 | (1.6) | (2.1) | (0.2) | N/A | N/A |
| 2012E | 0.0 | (1.7) | (2.0) | (0.1) | N/A | N/A |
| 2013E | 0.0 | (1.7) | (2.1) | (0.1) | N/A | N/A |
Last updated on 17/04/2012
Latest research
African LNG optimisation
Outlook | Oil & Gas | 07/02/2012
Strategic review
Update | Oil & Gas | 18/12/2009
Small-scale, low-cost LNG
Outlook | Oil & Gas | 01/10/2009
Rights to first gas in Equatorial Guinea
Flash note | Oil & Gas | 23/06/2009
Further funding secured
Flash note | Oil & Gas | 01/06/2009
An early gas opportunity
Outlook | Oil & Gas | 25/03/2009
Investment summary
Gasol is a conceptual development company with, as yet, no secured assets either as tangible equipment or intangible agreements. As such it can be considered an investment in management that can provide a potentially low-cost, early-stage entry into West African gas infrastructure development. The company has key strategic relationships with partners that can assist with gas supply, while its 2011 option agreement with Moni Pulo to purchase gas from OML 114 shows the team can secure deals that may ultimately lead to a development project.
Last updated on 23/04/2012
Industry outlook
Gasol's strategy is aimed at the monetisation of stranded gas reserves in Sub-Saharan Africa. The strategy is to work along the LNG value chain and sell LNG into high-value gas to power markets in West Africa, where there is a significant price arbitrage between more expensive liquid fuels (such as diesel) and gas. If successful, this would allow Gasol to generate healthy returns relative to exporting LNG internationally.
Last updated on 23/04/2012
Key management
| Haresh Kanabar, Chairman |
Company address
| 40 New Bond Street London W1S 2RX United Kingdom +44 (0)20 7290 3300 View website |
