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Thats a funny question Rad? I've posted that the farm in is still on which is obviously good news but not aware of having posted anything about "good news"?
What is the good news panman?
Mosman helped there imo crewy31. Gave him chance to post nonsense then RNS'd the good news.
" To avoid any concerns that there was a date when either party could terminate the Farm-in, the parties have agreed to extend that date to 30 April 2024."
and from Greenvales RNS..
• Seismic program on track to be completed by August 2024.
You have to be the worst troll on here for the 2nd day running you have made yourself look a 🤡
"to help focus on Helium assets all USA are now for sale"
Hope so. The marketcap here is so tiny they only need the helium play for substantial sp rises when the markets ready to believe. The US plays just get in the way of positive sentiment imo.
What even is the new deadline? The first date mentioned is 30 Aprill then later in the CEOs comments he says end of May? They also reference August for receipt of siesmics (which will obviously subject to the same delays) as being Q2 2024? No wonder they can’t get the ministerial approval the application is probably illegible
Mosman can’t even be bothered to RNS the update advising the latest delay in ministerial approval to three months beyond imminent and counting
"The conclusion of the Strategic Review was to commercialise the production assets (which may include sale of some assets)" means ""to help focus on Helium assets all USA are now for sale"
UPDATE ON GREENVALE’S FARM-IN AGREEMENT TO EARN
75% OF EP145 IN THE AMADEUS BASIN
Ministerial approval expected shortly with preparations advancing for seismic program
Key Points:
• Completion date for the EP145 farm-in agreement with Mosman Oil & Gas
extended to April 30, 2024.
• Transfer fee paid and Ministerial approval expected in the coming weeks.
• EP145 encompasses a potentially ultra-high-grade helium, hydrogen and
hydrocarbon opportunity in the Amadeus Basin.
• Preparations underway for the EP145 seismic program, with approvals
progressing well.
• Seismic program on track to be completed by August 2024.
• This will pave the way for drilling in 2025.
Further to its announcement of 24 January 2024 “Update on Farm-In Agreement to Earn
75% of EP145” (ASX Release), Greenvale Energy Limited (ASX: GRV, “Greenvale” or “the
Company”) is pleased to provide a progress update on its Farm-in Agreement with
Mosman Oil and Gas Ltd (AIM: MSMN, Mosman) to acquire a potentially ultra-high-grade
helium, hydrogen and hydrocarbon opportunity in the Amadeus Basin in the NT.
As set out in the ASX Release, the Farm-in Agreement was conditional upon Ministerial
consent being received for the change in ownership and the transfer of the operating
agreements rights to the Company’s wholly-owned subsidiary, Greenvale Gas Pty Ltd
(Greenvale Gas). The end date for this condition to be met was extended to 31 March 2024.
As Ministerial Consent has yet to be granted, Greenvale has agreed with Mosman to vary
the terms of the Farm-in Agreement so that end date is extended from 31 March 2024 to
30 April 2024. Should approval occur sooner, the parties will complete at an earlier date.
GREENVALE ENER G Y LIMITED 2
As part of the transfer process, the invoice for the dealing and transfer fee for EP145 has
been paid. While Northern Territory Ministerial approval has not yet been received, it is
expected in the coming weeks.
Greenvale will continue to work with Mosman on the Year 3 Work Program, which is
scheduled to be completed by August 2024.
Update on the EP145 Seismic Program
Resource Geosolutions has purchased the long-lead items in preparation for the EP145
Wild Horse 2D Survey in the Amadeus Basin, NT. This represents 50% of the specialty
detonators and boosters required, keeping the seismic program on track to be acquired
prior to the end of the permit year.
The Wild Horse 2D Seismic EMP approval is progressing well, with several progress
meetings already having taken place. Currently, Greenvale anticipates that the EMP
assessment process by The Department of Environment, Parks and Water Security
(DEPWS) will be completed in Q2 this year with the seismic acquisition on track to be
completed by August 2024.
Management Comment
Greenvale’s CEO, Mark Turner, commented: “We are pleased to have reached agreement
with Mosman Oil & Gas to extend the completion date for the Farm-in Agreement to the end
o
Seismic still expected to be completed by August..
Delay number 2 but jam tomorrow
It’s not great but pretty much as expected. However, the real play is Helium in Australia. That’s what we are waiting for.
I am confused as to whether this is good RNS or not
Incredibly despite all the talk of cost cutting corporate costs are up too
Every set of results says that 🙄🙄
However, should the Group be unable to raise further required financing from equity markets or other sources, there is uncertainty which may cast doubt as to whether or not the Group will be able to continue as a going concern and whether it will realise its assets and extinguish its liabilities in the normal course of business and at the amounts stated in the financial statements.
Nothing positive in that rns, and because the profit is tiny, this company is in jeopardy going low on cash.....
Placing looks the only way to keep this going......
43% drop in revenue and losses up around 35% ep145 nowhere in sight ep155 exactly where it was a year ago with no cash to proceed just gets worse and worse cash position must be nearing critical with increased expenditure cash burn must be in the region of 150k per month minimum
😂😂😂😂😂 how stupid do you look now you tool 🤡🤡🤡🤡🤡🤡
Not looking good here at all now half yearly tomorrow or an RNS announcing a delay of half yearlies or AIM rule 18 non compliance and suspension. As for ep145 well thats now a complete mystery for shareholders and puts GRV in a bad light with their “imminent” statement on 24 January. Are all their other projects equally fantastical? I reassert that imho the status and/or reason for the delay/failure/ of the ep145 application is known to both companies and likely has been for weeks. As for how much cash mosman have if you take 1.2m aud and divide it by 10 that probably closer to the truth.
You love the word placing dont you? We did a placing last month and have approx aud$1.2 million in the bank plus all the improved revenue from stanley. Hopefully news sooon...
It is ominous that the half years are being left to the last minute it will also likely have a very brief reference to ep145 as the GRV half yearly did. Traditionally the market reacts poorly to mosman production and performamce news as it certain to be underwhelming but with the usual promise of jam tomorrow. Its not inconcievable that they drop a placing in on Thursday sighting unforseen long lead expenses and the ep145 long delay
I believe the Half Year Report is due at the end of this week (last year published 30th March). Hopefully, other news as well.
Regards.
Den
An RNS must be on its way soon imho... Lots of news coming.. About time imho need some blue days... Lots imho...