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Started: kvt123, 16 Jul 2016 09:34
Last post: kvt123, 16 Jul 2016 09:34
(Main points courtesy of Manlord) http://www.youtube.com/watch?v=yggP8J5tSPE&feature=youtu.be Main points: * Gold forecast A$1,900 - $2000 /Oz by year end. No big gold discoveries recently and with political unrest the future is bright for gold. *Lynseys mine is batch mill for profit share which is easy to account for. We get mgt fee and also 49% but anything over A$1,600 / Oz we get 70% profit. Finalising accomodation / water supply and tenders for contract rates. Will update shareholders with schedule & costs per Oz when complete (this quarter) & when portal area safe we will move in soon after. * Currently great savings to be had with additional capacity in the industry. * Virgin Bush to mining to rehabilitation in 3 months - very happy with progress * lessons learned over 3 months - bigger diggers now used giving better productivity. Rigid haul trucks now changed to 6WD trucks so no downtime in wet conditions & less overall operating costs. Now also hiring operators internally so no middleman fees. * The different mill will not upset Norton. It's cheaper and has quicker processing (12 days) * double grades being mined so this quarter is going to be exciting. *POW - drilled upper section, permits in and approvals imminent. Tenders sent out already for cost comparisons. * working down to declines, rich vein gold, 15-20k Oz by mid 2017 from there alone but will aim to ramp up. * ASX is major possibility to tap the Ozzie market - dual listing contemplated and wants our own mine to get well over 40k Oz of gold to entice II's and possible mergers. It will also maximise profits snd revenue. * Big value in Togo - not dead and not forgotten as an asset or operation. It will certainly add value and mining permits still ongoing. I'm in no doubt that DR is in full control here and working his way towards serious shareholder value. Roll on 2017 as quite frankly the ups and downs don't concern me one bit given the trend. Happy to hold and accumulate as and when I can. The upside far exceeds any downside of which I'm struggling to find.
At $1640 we were making £200/oz gp For every $100 increase in PoG, we effectively gain $74 (average across all tributes). You can ignore costs at this point as they are already covered by the $1640, so it just adds straight to the bottom line. Therefore, $1846 adds $150 per oz or at 1.75 ER to GBP=£90/oz additional profit. 30k oz = an additional £2,700,000 profit
Started: kvt123, 15 Jul 2016 07:27
Last post: kvt123, 15 Jul 2016 07:27
High grades Shrew - as you say DR very positive and a great update - 3g/t is double A & A grade so that's a real step up. Also have options this time over the choice of toll mill as not tied to Norton necessarily. The terms of the agreement are as follows: 5% of predicted profit to be paid upfront to a 5% holder of the permit A$70,000 to be paid to the owner of the right to mine from first gold production 2% royalty payable to Norton Gold Fields All profits to be split 50:50 between the right to mine owner and Keras. Lots of I's to dot and t's to cross on other activities which will become clear in this exciting quarter for the company.
Started: kvt123, 15 Jul 2016 07:16
Last post: kvt123, 15 Jul 2016 07:16
Another interview with DR . INTERVIEW: Keras Resources Plc CEO A Fantastic Time to be in Gold 8th July 2016 http://bit.ly/29ypRu1 Good luck everyone !
Started: kvt123, 15 Jul 2016 07:09
Last post: kvt123, 15 Jul 2016 07:09
75600t @ 2.87+g/t ((DR talking 3g/t) Thats 1512 x 50t loads 10 loads a day x 2 lorries = 75 days carting of ore. 3 months from now to keep us going until PoW or Lyndsay kick in. Any lag, and Royal Standard or Bent Tree are still there to go at. All good from here. 50t loads @3g/t = 150g/load or nearly 5oz/load - @ £240gp per load that =£1200gp/load
Started: kvt123, 23 Jun 2016 20:26
Last post: kvt123, 23 Jun 2016 20:26
Company website - http://www.kerasplc.com/ Keras podcasts and media - http://www.kerasplc.com/podcasts.aspx
Started: kenstaff, 9 Sep 2014 10:40
Last post: kenstaff, 9 Sep 2014 10:40
It will soon be known whether the chances of industrial production. This year can be made the first well, which will give the flow of gas from shale on a commercial scale, which allows to suppose that in Poland there are chances of profitable mining. By recognized as such, the flow must reach 20 thousand. cubic meters. per day. - Such a hole would show that in Poland there are indeed real possibility of extracting gas. In contrast, phase extraction on an industrial scale and the perceived clearly the economy is not a prospect neither this nor the next year - said Maciej Grabowski, Minister of the Environment, in an interview with Reuters. So far, the largest flow, because reaching 8-11 thousand. cubic meters. a day, Lane Energy recorded in the well Łebień LE-2H located on the concession Calendar in Pomerania. She also has the greatest chance of success. I 3Legs Resources, which together with ConocoPhillips owns Lane Energy has said it has successfully completed the so-called. hydraulic fracturing in the well Lublewo LEP-1STh. Soon begin its testing, which should give an answer, whether commercial production possible. The State's Quickly commercial flow of gas from shale will record probably is not state-controlled companies, which PGNiG and Orlen. So far performed most wells 14 and 10. The first one says that only in the first half of 2016. Determine, what resources are available and if and where you can start industrial use. In turn, PKN Orlen announced recently that the first gas production from shale probably take place in the group in 2017. Too high tribute On Friday, the president signed an amendment to geological and mining law, shorting regulations on oil and gas. The Act introduces, among others, simplified system of licensing. Today, the companies are more important, however, the new load. Law on special hydrocarbon tax, which introduces another tribute from oil and gas Parliament voted recently. By September can outvote the Senate, and then signed by the President. If you come into force, taxes will increase from approx. 20 percent. to 40 per cent. gross profit. Firms, however, believe that it will reach 60-70 percent. - Parliament, by enacting taxes on oil and gas, did not consider almost any industry demands. In fact, one simplification introduced for the submission of tax returns for the years 2016-2019, which due to the specific conditions will benefit if only PGNiG - says Grzegorz Kus, legal adviser PwC. It points out that although the new taxes will be paid only from 2020., But declarations ws. Incurred costs of exploration and production, and revenues from sales of rough should be made already in 2016. - At the current stage of exploration of shale gas taxes should be as low as possible to encourage companies to invest in our country - says Wojciech Kozlowski, an analyst at Espirito Santo Investment Bank. - Meanwhile, the level may be so large that it can deter, especially for
GERWYN LLEWELLYN WILLIAMS SOUTH WALES GAS LIMITED THISTLE GAS LIMITED ST. JOHN`S VISION LIMITED COASTAL OIL AND GAS LIMITED UK WIND ENERGY LIMITED TRANSGAS LIMITED UK ONSHORE GAS LIMITED U.K. METHANE LIMITED NEWTON BEACH DEVELOPMENT COMPANY LIMITED TOPEX LIMITED MODAL MINING LIMITED UK WATER SUPPLIES LIMITED LOCAL ENERGY SUPPLY SYSTEMS LIMITED MANDACO 727 LIMITED U.K. GAS LIMITED MR GERWYN LLEWELLYN WILLIAMS SOUTH WALES ENERGY LIMITED SOUTH EASTERN ENERGY LIMITED SOUTH WESTERN ENERGY LIMITED SHELAGH ROSE WILLIAMS UK ONSHORE GAS LIMITED COASTAL OIL AND GAS LIMITED ST. JOHN`S VISION LIMITED U.K. METHANE LIMITED UK WIND ENERGY LIMITED THISTLE GAS LIMITED NEWTON BEACH DEVELOPMENT COMPANY LIMITED SOUTH WALES GAS LIMITED TOPEX LIMITED UK WATER SUPPLIES LIMITED LOCAL ENERGY SUPPLY SYSTEMS LIMITED SOUTH WALES ENERGY LIMITED SOUTH WESTERN ENERGY LIMITED MANDACO 727 LIMITED TRANSGAS LIMITED U.K. GAS LIMITED bazza helo us unwind this ken.staff@yahoo.co.uk
Started: kenstaff, 29 Aug 2014 11:13
Last post: kenstaff, 29 Aug 2014 11:13
anyone quicker on MAth ?? ready reckoner on converting DART owned shares to IGAS we have $ £ conversion rate dart price igas price % given on exchange dart to IGAS ??? https://twitter.com/CalibreInvest/status/505205699412893697
last 3 posts are from HOT copper bbs on ASX IGAS are about to takeover DART energy I have previously used TE99 for DART ENERGY BB
borrowed from hotcopper courtesy of poster DTE had and maybe still has potential but the scheme booklet details the sad chronicle of the missed opportunities, bad luck and poor judgement over the years that has us where we are. After incurring losses, NHC I think lost faith with DTE and came in with a bias to clear the decks and exit, always with their own interests to the fore. They have decided DTE is not worth their effort to build up and are happy to sell out, maybe not straight away but in the near future (perhaps when the AUD drops). Everything is being said to imply the deal is already done from the absolute rollover of and self imposed gag of the directors, to the connotation that the top 20 shareholders owning 65% will vote in favour to the press reports implying that DTE has already been sold to Igas in May etc... But there is a desire by the board and initially a requirement for a vote from the floor to be carried. I'll be at the AGM and intend to vote against just because I never like quitting. If there was buying earlier either because of UK v AU valuation difference or to secure a majority for the vote, it seems to have gone now. It all could be a down ramp because someone else is trying to get DTE but I doubt it. All imho. ********************************************************************************************************************* DTE had and maybe still has potential but the scheme booklet details the sad chronicle of the missed opportunities, bad luck and poor judgement over the years that has us where we are. After incurring losses, NHC I think lost faith with DTE and came in with a bias to clear the decks and exit, always with their own interests to the fore. They have decided DTE is not worth their effort to build up and are happy to sell out, maybe not straight away but in the near future (perhaps when the AUD drops). Everything is being said to imply the deal is already done from the absolute rollover of and self imposed gag of the directors, to the connotation that the top 20 shareholders owning 65% will vote in favour to the press reports implying that DTE has already been sold to Igas in May etc... But there is a desire by the board and initially a requirement for a vote from the floor to be carried. I'll be at the AGM and intend to vote against just because I never like quitting. If there was buying earlier either because of UK v AU valuation difference or to secure a majority for the vote, it seems to have gone now. It all could be a down ramp because someone else is trying to get DTE but I doubt it. All imho. ************************************************************************************************************ Abalone, what NHC sees in this IMO is a chance to offload UK development challenges to someone on the ground, while also being able to get the NSW assets for almost nothing - with a sweetheart deal probably already agreed over a handshake. And as minority shareholders in iga
borrowed from hotcopper courtesy of poster Huge volume sold today after weeks of very low volume. Support gone and 15c looking feeble. The market has made it pretty clear what they think of the deal. Dart has gone from a company rebuilding and going places back to the scrap heap under the New Hope owned board. What a disaster they have been. No vision, no plan, No Hope. A vote for their dodgy takeover is a vote to give away your investment. Vote NO. ************************************************************************************************** What makes it worse, the way I read it, for those lucky enough to make a profit, if you've held shares under 12 months those shares are not eligible for reduced tax benefits as stated in Tax section of Scheme. It all stinks and I'm still wondering what the hell NHC see in this amalgamation. Igas £200mil in debt. No thanks, abalone ***************************************************************************************************************************** I haven't ready too many independent valuation reports, but most obvious thing that sticks out to me is the use of 14% discount rate to get net present value of future earnings. This seems high to me. And it's selection somewhat arbitiary. If they choose say 10% it would give a radically different valuation on DTE and make the deal seem much less favourable to DTE shareholders. From what I understand, the discount rate is equivalent to the opportunity cost of having your capital held in DTE versus another form. So at 14% discount rate, they are saying that DTE is worth the 200-odd mill if we assume cost of capital is 14%. If cost of capital is 10% for example, the figure grows, as 100 mill recieved over next 10 years becomes discounted less to get the NPV in todays dollar terms. I'll try and crunch some numbers using a different 'assumed' discount rate over the weekend. From Deloitte themselves, 10% rate for oil and gas is generally considered appropriate: http://www.google.co.nz/url?url=htt...MQFjAA&usg=AFQjCNEmt59k2ZpEzxZpmNlGDLKrBSx8SA **************************************************************************************************************** from memory in the scheme, DTE have 195Millon of tax loses, and estimated 12 Million in costs to wind up, which the scheme put in as no value, as there is nothing to deduct it against. As a DTE holder I would like to have an option attached for all DTE holders will have access to a listing or sale of DTE Australian Assets. IGAS don't miss out on anything as they are in the scheme at no value and IGAS are UK based. IGAS could list the assets as IGAS ASIA, and ex DTE holders would have a holding in it. I could see there is value for a Aust based Gas company to buy DTE Australian Assets to gain a $195 Million Tax loss. Just my view, not a recommendation. ************************************************************************************
borrowed from hotcopper courtesy of poster Dart's independent expert's report has arrived. They recommend the offer as fair. The basis of their assessment is: Estimated fair market value of a Dart share 0.15 - 0.19 Estimated fair market value of consideration offered 0.19 - 0.20 They say "The consideration offered by IGas is above the range of our estimate of the fair market value of a Dart share, albeit equal at the high end of our estimated value of a Dart share. Accordingly it is our opinion that the Proposed Scheme is fair." But these figures are not related to current shareprices. At today's shareprices the market value of consideration offered amounts to 17cents. But Igas has fallen 19% since the beginning of June and could well fall quite a bit further before the scheme takes effect in September. The expert's assessment is out of date and does not reflect the current value of the offer and stands a good chance of being more irrelevant on September 1 when Dart shareholders are to vote on what looks more and more like a con job. In recommending this takeover the board are failing to act in the interest of the majority of shareholders. ******************************************************************************************************************** hope that the rest of the shareholders vote against this underhanded deal and hope nhc fall on their sword dte is worth more and really how independent are delliotte when the price comes in the range that the deal has been struck by nhc and the same goes for others when delliotte are involved is it shady or is it not I will vote no ********************************************************************************************************************** they only look after what is good for themselves in other words whats in it for me is it time for all shareholders to stand up to these directors that do not want to develop the company into a meaningful stand alone company instead of selling the sharholders out for their own gain,the rorting has to stop and the policeman of the asx has to get some balls, for these people who create shareholders losses of monies invested in these companies,of years before and nhc over throw the previous directors to come and sell us out what a farce it has become and the real truth what is that ********************************************************************************************************************************* If the Scheme does not proceed, Dart intends to conduct a sale process for Dart Shareholders who hold less than A$500 worth of Dart Shares in accordance with Dart’s constitution and the Listing Rules. This will ensure small Dart Shareholders will have the opportunity to sell their Dart Shares free of brokerage costs, regardless of the outcome of the Scheme. And it will also ensure that voting these guys out and installing a new board will be that much harder to achieve. ****************
http://www.thejournal.co.uk/news/north-east-news/drilling-date-set-north-seas-6896191 Mountains of coal pieces being stored for shipping A billion-pound plan to reach untapped coal reserves under the North Sea will be under way by the end of the year, as the vast scale of the energy source beneath the North Sea is made clear. Scientific data of the true extent of the coal deposits on the sea bed reveals that even a tiny percentage of them would be enough to power Britain for centuries to come, says a local expert. Dermot Roddy, chief technical officer of energy company Five Quarter which will be leading the much-anticipated extraction work, said there are trillions of tonnes of deeply-buried coal stretching from the North East coast far out to sea: an amount thousands of times greater than all oil and gas extracted so far. And now technology is advanced enough to be able to reach it. Today, Mr Roddy, former professor of energy at Newcastle University, will explain the scientific findings to an energy conference in London and outlining his company’s plans to get the ball rolling on a massive “gasification” project which has been described as a game-changer in terms of its impact on the local economy. Following analysis of coal deposits from data collected from all over the North Sea, he said the hope now is to sink the first bore-holes before the year-end. The plan is for a rig on the coastline around Tynemouth to begin vertical boring hundreds of metres down before taking a horizontal direction out to sea, reaching first an estimated two billion tonnes of coal just off the coast. Between three and 23 trillion tonnes more lie further out which, compared to the six billion tonne total amount of oil and gas removed to date, is an enormous figure set to capture wide commercial interest. Mr Roddy said: “We’ve been aware of this for a long time but the fact there’s a lot of coal doesn’t really matter if there’s no way of getting at it.” But now Five Quarter, with its licence for offshore gas work in the North Sea, is at the starting point of demonstrating the technology and proving it works. “Suddenly we can do what people didn’t think we could do,” said Mr Roddy. “We would expect to be drilling offshore before the end of this year and within two months to have gas coming to the surface. “We’d be drilling several hundred metres per day – once started, things tend to move quickly.” The government-backed £1bn energy scheme will see a new gas plant take shape in Northumberland – Alcan is one of the sites being considered – to process fuel recovered from rocks beneath the sea. While the Northumberland area is the company’s immediate focus, longer-term plans will see drilling rig sites in its other licence areas following the shore up to the Scotland border. Using cutting edge “deep gas
http://www.invictapa.co.uk/vista-blog/entry/king-coal-comeback An interesting article from the BBC detailing the many methods currently being used around the world to meet the challenge of making coal clean and green. In China their National Energy Administration is planning to produce 50 Billion cubic metres of gas from coal by 2020. The two big problems of coal gasification are first, this method produces more CO2 than a traditional coal plant and second, it is one of the most water intensive methods of energy production and the parts of China where new gasification plants might go already suffer water shortages. Elsewhere, in Australia, coal bed methane is proving increasingly popular. This method is also being looked at in China, Indonesia and Mozambique. It involves water being sucked out of coal seams too deep to mine then the methane attached to the coal surface is freed and collected. The major problems here include water contamination, land subsidence and the disposal of waste water but with reserves estimated at 200 trillion cubic feet work is already underway to liquefy and export 25 million tonnes of gas every year. Australia is also experimenting with underground coal gasification, (UCG) an old process but one now described as “a new way of harnessing the energy of coal without the usual environmental impacts.” The process involves pumping oxygen and steam into the coal seam to produce a small controlled combustion that converts the solid coal into hydrogen, methane, carbon monoxide and CO2 which is then siphoned off. There is already one working plant in Uzbekistan and another pilot scheme in South Africa. Here in the UK,clean energy company, Five Quarters, is working on a different process that removes coal burning but still releases the gases trapped in the coal and the surrounding rock as well. It also takes place offshore, removing concerns about water contamination and subsidence. A Government backed working party is now investigating the merits of UCG in the North Sea while around the world other governments investigate how new technology can help them access hidden coal seams. Meanwhile, global attempts continue to find the magic formula that will develop an efficient method of carbon capture and storage. - See more at: http://www.invictapa.co.uk/vista-blog/entry/king-coal-comeback#sthash.6WOG4pWo.dpuf
http://www.breitbart.com/Breitbart-London/2014/03/30/has-putin-ended-the-green-movement However under the North Sea there is thought to be three trillion tons of coal. Four hundred square kilometres just off Northumberland in North East England has two billion tons alone. While uneconomical to mine, it can be reached by a process called “Deep Gas Winning” by extracting methane and hydrogen gasses not unlike shale gas fracking. The person behind the initiative is Dr. Harry Bradbury, a geologist by training and the CEO of Five-Quarter Holdings Ltd. Bradbury hopes to sell the intellectual property rights to oil and gas companies, and governments. He recently said: “The area contains more energy than has been extracted from the totality of the North Sea during exploitation of its natural gas reserves are the equivalent of approximately 11 billion barrels of oil.” The process is not too different to shale gas extraction. The bore hole does not exceed 8.5 inches (22cms) wide, then oxygen and steam are injected into the bore releasing methane and hydrogen to be burnt in power stations. It is beyond our drinking water, tremor free and not a blight on the countryside. It guarantees negate the problems associated with having to import carbon fuels from politically unstable regions such as the Middle East and Russia. Napoleon’s “nation of shopkeepers” may yet become a nation of petrol pump attendants.
Started: kenstaff, 20 Jul 2014 11:22
Last post: kenstaff, 20 Jul 2014 11:22
DWG bit of research
http://www.fourwinds10.net/siterun_data/environment/humans/fire/news.php?q=1393006051 IF YOU thought shale gas was a nightmare, you ain't seen nothing yet. A subterranean world of previously ignored reserves is about to be opened up. These are the vast coal deposits that have proved unreachable by conventional mining, along with gas deposits around them. To the horror of anyone concerned about climate change, modern miners want to set fire to these deep coal seams and capture the gases this creates for industry and power generation. Some say this will provide energy security for generations to come. Others warn that it is a whole new way to fry the planet. A primitive version of the technology behind this Dantean inferno of underground coal gasification (UCG) has already been running for 50 years in the former Soviet republic of Uzbekistan. Some 300 metres beneath the plains east of Tashkent, Stalin's engineers and their successors have been burning a seam of brown coal that can't be mined conventionally. There are two well heads on the surface: one pumps air down to fan the flames while the other retrieves a million cubic metres of combustion gases a day. Scrubbed of coal dust, cooled and compressed on site, the gases are then sent down a pipeline that snakes across the countryside to a sprawling power station on the outskirts of the industrial town of Angren, where they are burned to generate electricity. A deadbeat town in a forgotten rust-belt backwater of the former Soviet Union is an unlikely test bed for a cutting-edge technology. But if it can be scaled up successfully, the Australian engineers who bought the operation seven years ago think it could transform the world's energy markets, open up trillions of tonnes of unmineable coal and provide a new carbon-based energy source that could last a thousand years. With trials of UCG under way globally from China to Queensland, and South Africa to Canada, the stakes are high. Not least for the atmosphere. Without a way to capture all the carbon and store it out of harm's way, it could raise the world's temperature by 10 degrees or more. Is this burning desire for fossil fuel pushing us towards disaster? Until recently, only reserves with rich concentrations of coal, oil and natural gas were exploited – but not any more. With those reserves approaching exhaustion, the hunt is on to tap huge volumes of "unconventional" energy sources, particularly natural gas, or methane. With these we could keep the lights on, power vehicles, deliver feedstock for the chemicals industry, and quite possibly heat the planet, for centuries to come. In the past decade, the focus has been on shale gas: methane tightly trapped in tiny pores and fractures in shale, a sedimentary rock made up of mud and clay mixed with minerals such as quartz. Capturing that gas required two crucial new technologies. Horizontal drilling launched from conventional vertical wells can penetrate for up to 3 kilometr
http://www.bbc.co.uk/news/business-26921145 Turning coal into gas is not as environmentally friendly as it sounds Continue reading the main story Energy Who are the "big six" energy firms? Energy bills: Where does my money go? Where does our power come from? How smartphones can cut energy bills Dirty it may be, but coal is cheap. For this simple reason, it remains the world's main source of power, providing a quarter of our primary energy and more than 40% of our electricity. And it will continue to do so for many years to come. The challenge, then, is how to harness coal's energy more cleanly. While global attempts to develop carbon capture and storage (CCS) have stalled, a number of countries are looking at different ways to exploit their abundant coal reserves. Not all are motivated by environmental concerns, but are driven instead by economics and a desire for energy independence. Old and new The main technology being used is coal gasification - instead of burning the fossil fuel, it is chemically transformed into synthetic natural gas (SNG). The process is decades old, but recent rises in the price of gas mean it is now more economically viable. The US has dabbled in the technique, but China is going all out in a bid to satisfy its soaring demand for power and reduce its dependency on imported liquefied natural gas (LNG). The country's National Energy Administration has laid out plans to produce 50 billion cubic metres of gas from coal by 2020, enough to satisfy more than 10% of China's total gas demand. Fuelling the future Continue reading the main story How American energy independence could change the world Shale industry faces reality check German coal underpins renewable push Not only does it make economic sense, but it allows China to exploit stranded coal deposits sitting thousands of kilometres from the country's main industrial centres. Transporting gas is, after all, a lot cheaper than transporting coal. Coal gasification can also help address local pollution problems that have in recent months brought parts of the country to a virtual standstill. But there are two big problems. First, coal gasification actually produces more CO2 than a traditional coal plant; so not only will China be using more coal, it will be doing so at a greater cost to the environment. As Laszlo Varro, head of gas, coal and power markets at the International Energy Agency (IEA), says: "[Coal gasification] is attractive from an economic and energy security perspective. "It can be a nice solution to local pollution, but its overall carbon intensity is worse [than coal mining], so it is not attractive at all from a climate change point of view".
http://www.thenorthernecho.co.uk/news/10976842.Multi_billion_pound_deep_water_coal_scheme_could_create_thousands_of_jobs/ NEWCASTLE-based energy firm Five Quarter says its hugely ambitious Deep Gas Winning project could play a significant part in the economic regeneration of the North-East. Mark Tallentire reports. MULTI-billion pound plans to harvest “green energy” from vast coal supplies buried deep beneath the North Sea could create thousands of jobs and play a significant part in the economic redevelopment of the North-East, it has been claimed. Newcastle-based energy pioneers Five Quarter want to extract useful gases from below vast swathes of the North Sea stretching from Sunderland up to the Scottish border and CEO and chairman Harry Bradbury says drilling could begin within months. Speaking exclusively to The Northern Echo, he said: “We hope this will play a significant part in the economic redevelopment of the North-East.” Five Quarter’s plans combine cutting-edge science and industry on a grand scale. From mobile drilling rigs sited along the North-East coast, it would use its breakthrough Deep Gas Winning (DGW) process to extract valuable gases from coal seams and surrounding shale buried between 250m and 2km below the sea, as far as 10km off shore. These could then be processed at a purpose-built gas purification and separation plant, possibly at Blyth, in Northumberland, and either sent to petrochemical industries on Teesside or turned into low-carbon electricity at a new-build power plant. Related links Deep gas winning - what is it and how does it work? What to do about North Sea coal: the 23 trillion… Ads by Google Free Solar Panels Generate free electricity with our free solar panels. www.ashadegreener.co.uk Solar Panel Prices Does Your House Qualify for Solar? Check Your Postcode Online Now! solar-search.co.uk/Postcode-Check Treasury officials are so impressed they have “pre-qualified” DGW for the UK Guarantee scheme, meaning while much of the £1bn needed must be borrowed on the markets, the project would be guaranteed by the UK Government. This follows Five Quarter being awarded £15m from the Regional Growth Fund last May, one of the biggest ever hand outs from the cash pot. Five Quarter have ten conditional licences from the UK Coal Authority covering the North Sea and negotiations are under way with coastal landowners, with a view to going operational within a few months. Dr Bradbury said boreholes could be drilled by the summer and the firm was considering “three or four fixed locations on brownfield sites in key locations well away from urban areas and natural beauty points”.
A team from Newcastle University has been instrumental in winning a £15m Regional Growth Fund grant for a north east company. The grant will help Newcastle-based energy company Five-Quarter which has been developed with expertise from Newcastle University, realise its plans to create energy from otherwise unworkable rock strata buried at deep levels beneath the North Sea. Harry Bradbury, Chairman and CEO said: “We are absolutely delighted that the British Government has recognised and is supporting the viability of our plans to convert subterranean solid rock to gases of economic importance, including methane and hydrogen. The magnitude of the award shows that the scheme is now clearly being recognised by the UK government as a strategic energy project of national significance. “Five-Quarter has combined the intellectual rigour of a key, spin-off team from Newcastle University with existing, world-class knowledge and technology from the UK mining, oil and gas industries in order to achieve this giant step forward in ‘Deep Gas Winning’. "We hope to share our success with the wider region, bringing new jobs and regeneration to the North of England and Scotland and, in the longer term, to apply our knowledge strategically to grow both nationally and internationally.” The scale of reserves of gas source rock beneath the sea is significant and its release will have a major impact on the UK energy scenario. Estimates suggest that the UK has a few thousand billion tonnes beneath the North Sea, as well as elsewhere onshore. Five-Quarter currently holds Government licences for just over 2 billion tonnes in a 400 sq km area off the Northumberland coast. “This area alone” commented Harry Bradbury, “contains more energy than has been extracted from the totality of the North Sea during exploitation of its natural gas reserves: the equivalent of approximately 11 billion barrels of oil. The gas reserve potential from this and similar areas is sufficient to satisfy energy demand in UK for several decades.” Richard Dale, Director of Finance at Newcastle University, added: “We are delighted to see that technology developed by Newcastle University is now the basis for major investment into Northumberland, which brings with it the prospect of future jobs to this part of the North East. "The awarding of Regional Growth Fund cash demonstrates the Government’s confidence in this technology and the importance of finding alternative sources of energy. Newcastle University is pioneering in its research into sustainability and this announcement demonstrates how this can be translated into real life applications that bring economic benefits." http://www.ncl.ac.uk/press.office/press.release/item/new-multi-million-pound-grant-for-energy-scheme
Last post: kenstaff, 10 Jul 2014 01:16
get your teeth into a NECKLINE here? http://hotcopper.com.au/asx/dte
Started: kenstaff, 17 Jun 2014 11:35
Last post: kenstaff, 17 Jun 2014 11:35
chatter over on HOT COPPER down under rival bid for DART Well that will always be talked about wont it we've not seen any upside here for the DART agreement anyway.... *********************************************************************** rumour mill:- from Hot copper, have a look , ive not investigated this yet STREET TALK Mystery Dart Energy buyer could mean competing bid PUBLISHED: 0 HOUR 42 MINUTES AGO | UPDATE: 0 HOUR 0 MINUTES AGO Dart Energy may have accepted a $211.5 million scrip offer from UK-listed IGas Energy last month but market watchers see another leg to this story.