reports
- Marzio Foa
Update on regulation
Update on regulation REGULATION FACT As a reminder, the French government in autumn 2017 issued a new regulation (“Loi Hulotâ€) to stop the issuance of new exploration permits in France. We went to LFDE’s meeting with the company’s lawyer Raphaël Chantelot, a partner at the law firm LPA-CGR, who presented its views on the impact. ANALYSIS On the positive side, the production of coal mine methane (the gas from the former coal mining galleries, aka CMM) is exempted from the restricti...
- Marzio Foa
Northern France reserves increased by +43% by DMT
Northern France reserves increased by +43% by DMT EARNINGS/SALES RELEASES FACT H1 17/18 revenues grew to €3.4m, pulled by the gas-to-power generation activity of Gazonor in Northern France, which contributed more than €2m with its first four units. ANALYSIS The company has generated positive cash flows since August and has confirmed its targets for the year: strong revenue growth and an improvement in profitability. Moreover, DMT has certified LFDE’s reserves of coal mine methane (th...
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