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From pumping like mad in the past to saying this. I think we know your trying to get back in cheap
I can be so thick at times lol
I'd discounted ep155 as I didn't believe it would happen anytime soon. Forgot that was Georgina and guess no I shouldn't have totally discounted it even with msmn only keeping 10% still more than noteworthy if /when they get the rto away.
The EP 155 Mt Winter Project, in the Northern Amadeus Basin, Northern Territory of Australia is considered by independent consultants to be one of the potentially most valuable Hydrogen, Helium and natural gas prospects in Australia.
The property is held by AIM listed Mosman Oil Gas Plc and Westmarket Oil Gas, a wholly owned subsidiary of Georgina Energy Plc, via a formal Farm-in agreement has rights to earn up to a 90% working interest with Operatorship.
The Mt Winter-1 well was drilled to a depth of 2,650m TD. It did not penetrate the subsalt Heavitree Formation Hydrogen, Helium & natural gas reservoir target but reached TD in salt just above it.
With seismically defined closure based on CPR 2U calculations of 3,400 acres, nett attributable Prospective (recoverable) Resource volumes to the Company of Helium are 111 BCFG, Hydrogen 102 BCFG and natural gas 0.91 TCFG with respective in-situ values of US $38.51 billion, US $0.62 billion and US $2.72 billion.
https://www.georginaenergy.com/projects/mt-winter/
Apologies I read it and had no reason to think otherwise.
Strange I've been through all of GRV's newsflow last few yrs and no mention of this anywhere. Can't even find it in their presentations.
Mining, Minerals & Metals plc seem to have little news on it either?
Would like to know more but nothing on mmm's site either?
https://www.mmmplc.com/mmmplc-news-and-documents
Will go read your posts on mmm board
Panman the link soulac attached is very significant for Mosman as this is Georgina Energy RTO into MMM, Mosman's other farm in partner not to be confused by the separate Georgina project which GRV sold recently
Re your link soulac..
Belows from advfn poster checks out. No worries for MSMN at all just means grv are more focussed...
"yes they're buying GRV's iron ore, copper and gold project. Believe they have 80% of the holding co. for the resource already just want the extra 20%.
Not sure what the placings for though as they only owe $250K more and are paying GRV in shares?
(according to GRV's 29th Jan report).
Think I'd rather GRV focus on being "a company that holds natural gas, helium, and hydrogen assets in Australia." much more what the market is presently chasing imo."
Rns out
Mining, Minerals & Metals Plc / Index: LSE: MMM
Mining, Minerals & Metals plc ("MMM" or the "Company")
General Update & Appointment of Oak Securities as Joint Broker
The Company is pleased to announce an update following the announcement on 1 December 2023 regarding the prospectus having been lodged with the FCA for the proposed transaction with Georgina Energy plc ("Proposed Transaction"), a company that holds natural gas, helium, and hydrogen assets in Australia.
The Company has been busy with its advisory team in recent months and has now largely concluded the due diligence and prospectus, therefore, will shortly be undertaking to raise capital in April for the Proposed Transaction. The Company is now aiming to conclude the Proposed Transaction in early Q2 2024.
The Proposed Transaction is conditional on i) entering into definitive legal agreements ii) raising capital; iii) approval by shareholders at a General Meeting to be convened; iv) obtaining all necessary approvals (if required) and; v) granting of eligibility for the readmission of the Company to the Official List by the FCA.
There can be no certainty that the Proposed Transaction will take place and the Company will continue to update shareholders in due course
You are a seriously harbouring a grudge which is not good for you health
Https://clients3.weblink.com.au/pdf/GRV/02789972.pdf
Has anyone actually thoroughly read this error strewn announcement?
Market cap won’t be £1.8m then, this is a bargain.
August is very close and not long to wait. This might finally be the turning time for MSMN
Crumbs, look at the numbers people, huge potential here... Hang on to your hats, if this works it will blow the doors off... Imho blue days ahead imho....
Yes got it. Hope we don’t have to wait too long.
Ah got you post below. Well obviously that the farm in is still on which is major for future valuation of the co. and that seismics still planned to be finished Aug.
No sign the two co's are slowing up whilst awaiting ministerial go ahead.
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