Member Info for akramms

This was month or so back, but Thar Block will have worldwide influence.

https://oilprice.com/Energy/Energy-General/A-New-Pipeline-Could-Undo-Americas-Influence-In-Asia.html

Don't forget Russia also interested in Thar Block.

Look what happened to EUA, with China and Russia interested in buying their assets.

Thar coal, Oracle PLC intends to enter into a Joint Development Agreement (JDA) with the China Coal Energy Company which is a subsidiary of the state-owned China National Coal Group Company Ltd. and private office of UAEs Highness Sheikh Ahmed Dalmook Al Maktoum in equity partnership of 12 percent, 13 percent and 75 percent respectively.

CNCGCL is the largest coal company in China and owns more than 70 coal mines in China with a total production capacity of 300 million tons per year and a controllable resource reserve of 60 billion tons.

China Coal Group has assets of approximately $ 70billion and 130,000 employees.

Karachi

The Sindh government under CPEC projects is going to launch Thar Coal Block-IV as a national strategic project to develop coal mine, install 1320 MW coal-fired power project and produce gas, urea and diesel.
This was disclosed in a meeting held under between Minister Energy Imtiaz Shaikh and CEO of UK-based company, Oracle Ms Naheed Memon in the energy department.
Minister Energy Imtiaz Shaikh said that with the efforts of Sindh Chief Minister Syed Murad Ali Shah Thar Block VI has been included as a potential block for coal to gas to urea/fertilizer production in CPEC-related 9th JCC meeting held on November 5, 2019.
The meeting had appreciated the concept to include Thar Block VI for coal gasification to Fertilizer projects under CPEC and desired to undertake a feasibility study for evaluation.”
The Block VI, therefore is the only Block from Thar Coalfield in two working groups under the CPEC framework. Energy working group & Oil and Gas working group, making it a flagship block in Thar Coalfield for coal to gas based agriculture and food security program of the country.
Recently, Thar Block VI has been included as a potential block for coal to gas to urea/fertilizer production in CPEC-related 9th JCC meeting held on 5th November 2019.
The meeting had appreciated the concept to include Thar Block VI for coal gasification to Fertilizer projects under CPEC and desired to undertake a feasibility study for evaluation.”
Ms. Naheed Memon CEO of Oracle Thar Block-VI said that the Oracle Power PLC (previously Oracle Coalfields), was a company incorporated in the United Kingdom and quoted on London Stock Exchange (“Oracle”). Sindh Carbon Energy Limited, a subsidiary of Oracle registered in Pakistan and is the holder of the lease of Block VI for 30 years coal mining (“SCEL”) and Thar Electricity (Pvt) Limited (“TEP”) was a subsidiary of Oracle and registered in Pakistan for the development of power plant. It is registered with PPIB as 1320MW Thar Coal based power project at Block VI.
The area of Block VI is 66.1 square kilometres and estimated total coal reserves are 1.4 billion tonnes. In pursuance of the JCC decision as stated above as well as CPEC interest to develop coal to liquids from Thar coal, Oracle PLC intends to enter into a Joint Development Agreement (JDA) with the China Coal Energy Company which is a subsidiary of the state-owned China National Coal Group Company Ltd. and private office of UAEs Highness Sheikh Ahmed Dalmook Al Maktoum in equity partnership of 12 percent, 13 percent and 75 percent respectively.
CNCGCL is the largest coal company in China and owns more than 70 coal mines in China with a total production capacity of 300 million tons per year and a controllable resource reserve of 60 billion tons.
China Coal Group has assets of approximately $ 70billion and 130,000 employees.—INP

https://pakobserver.net/thar-coal-block-vi-to-produce-1320mw-electricity-gas-diesel-urea/

15 December 2019 (Sunday) is set date for Joint Development Agreement, this will hit above 2p tomorrow, considering the companies involved and the fact the project has been included in CPEC, as priority

Pak-Russia technical cooperation to boost industry in Pakistan: Analysts

December 12, 2019

As a result of pro-active foreign policy of the incumbent government, we are expanding relations with other countries and Russia is one of them. In the past, Pak-Russia relations were never strong. Pakistan is focusing on developing economic relations with Russia. Moscow has offered 1 billion dollars as financial assistance to Pakistan and also expressed interest in Thar Coal and other power plants. Russia is also interested to provide modern technology aircrafts and extend its cooperation in defense sector. The matter is not of the trade volume between Islamabad and Moscow but it is to be noticed as how Pakistan is now being perceived in the neighboring countries. The present government is making all out efforts to ensure transparency in ongoing development projects and in other state organizations.

.....

https://www.radio.gov.pk/11-12-2019/pak-russia-technical-cooperation-to-boost-industry-in-pakistan-analysts?__cf_chl_jschl_tk__=64f5df145b16ae1d4a7b4a63c373f8da2055ef34-1576171038-0-AdQuNO7IJVf8URZP8v_Z3-WRqU9eawcDhKWPDsnl0gdnBbN-uM_G42JN3rW6mbK34fYe5NR82h71h6lsXsPgUN5YHvC57a2gSJNxgPVH3bAI5MbBPYbJXULH4Vsm9HkL-ATa90hcM54Qp9Sa2sJyC4SbtUstD8jlYa6d-i05QF_JqbFLGS4gzf7fZGL9q77TULuALp-HfMkXdBCkrFZkORb3h6kloCtRxpoaAa8KW1Gk8PMZYqvbz1CdBDB14mjezzxRQOckK98dgyCnsczmQpMqX7Z44XnMDAjzkb33DaO3F_kU1deN-pUAGGrTC2rTsuUTfDJyRX9zAsNsKcBlPZyhYpET-soYSmVbAxBXUUPmyCH9mdG13mOpxtPnzm12LA

KARACHI: The Sindh government has planned to launch Thar Coal Block-VI as a national strategic project under the China Pakistan Economic Corri­dor (CPEC) to develop coal mine, install a 1,320 MW coal-fired power project, produce gas, urea and diesel.

The area of Block-VI is 66.1 square kilometres and it contains estimated total coal reserves of 1.4 billion tonnes.

This emerged at a meeting held here at the energy depart­ment between Energy Minister Imtiaz Shaikh and a UK-based company, Oracle, represented by its CEO Naheed Memon.

The energy minister said that with the efforts of Sindh Chief Minister Syed Murad Ali Shah, Thar Block-VI was included in the CPEC-related 9th Joint Coordination Committee meeting of Nov 5, 2019 as a potential block for coal to gas to urea/fertiliser production.

In pursuance of the JCC decision, the Oracle PLC intends to enter into a Joint Development Agreement (JDA) with the China Coal Energy Company on Dec 15 in Dubai, which is a subsidiary of the state-owned China National Coal Group Company Ltd, the CEO said.

Naheed Memon said that Oracle Power PLC (Previo­usly Oracle Coalfields), was a company incorporated in the United Kingdom and quoted on London Stock Exchange.

https://www.dawn.com/news/1521780

Premium price being paid 10m blocks @ 0.03 coming through

Currenct MC under 1m

240,000 @ 4p/share = £3,443,328

Erris Resources acquires Scottish gold project where 10 gram nugget was found in July
The project is only 40 kilometres away from Scotgold's Cononish mine

Erris Resources PLC -
Erris Resources PLC (LON:ERIS) has entered into an option agreement with GreenOre Gold PLC relating to the acquisition of 80% of the Loch Tay gold and associated base metals project in Perthshire, Scotland.

The project area comprises 237 square kilometres of highly prospective ground within the Grampian gold belt.

In particular, two priority target areas, Ardtalnaig and Glen Almond, have been identified as having excellent gold potential, based on the presence of historic workings, mineralised outcrops and alluvial gold occurrences.

What’s more, a 10 gram nugget was discovered in the Glen Almond river within the Glen Almond target area discovered in July 2019, by a team from the University of Leeds.

Erris Resources had around €1.6mln cash in the bank, as at end November 2019.

"We are delighted to have signed the option agreement with GreenOre to advance highly prospective gold targets in central Scotland,” said Erris Resources’ chief executive Anton du Plessis.

“This gives us exposure to new gold targets that have not previously been tested, but which are located in the highly prospective Grampian gold belt that already hosts some important gold deposits, such as Curraghinalt.”

Curraghinalt was acquired by New York-based Orion Resource Partners in a C$537m buy-out of Dalradian Resources in June 2018, and boasts a resource of more than six million ounces of gold.

https://www.proactiveinvestors.co.uk/companies/news/908819/erris-resources-acquires-scottish-gold-project-where-10-gram-nugget-was-found-in-july-908819.html

Premier gets EPO for Mat North projects

https://www.chronicle.co.zw/premier-gets-epo-for-mat-north-projects/

This is what George Roach was referring to in Podcast, they want written confirmation.

29/10/2019

"The Company is preparing to fund the Liberator Phase I development on a 100% working interest basis and continues to explore all options for its future funding requirements while advancing its negotiations for a reserve-based lending ("RBL") facility of up to $100 million. Progression of the RBL will require successful drilling at Liberator and the Company is obligated to enter the RBL no later than December 2019 in order to remain in compliance with the terms of its Junior Loan Note Facility.

As part of an agreement announced 2 July 2019, i3 Energy has issued 2,204,574 warrants to subscribe for Ordinary Shares at an exercise price of 56.85 pence per Ordinary Share to GE Oil & Gas UK Limited ("GE UK"). As previously referenced in the Company's announcement, these warrants relate to deferred payments for Oilfield Service ("OFS") contracts, entered into between i3 and Baker Hughes. To 30 September 2019, Baker Hughes had performed and invoiced i3 Energy for GBP1,253,300 worth of oilfield services. GE UK can exercise the warrants via cash settlement or in exchange for payments due to Baker Hughes under OFS contracts with the Company. Junior Noteholders will be offered participation in warrants on the same terms as GE UK, pro-rata to their ownership of i3 Energy on a fully-diluted basis, and also pro-rata to the proportion of warrants issued to GE UK under this arrangement.

In accordance with the provisions of the Disclosure Guidance and Transparency Rules of the Financial Conduct Authority, the Company confirms its issued ordinary share capital comprises 93,433,685 Ordinary Shares of GBP0.0001 each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The above figure may be used by shareholders as the denominator for the calculations to determine if they are required to notify their interests in, or change to their interest in, the Company."

With the above issuance of warrants to GE UK, the Company now has notional GBP8mm warrants exercisable at 40.7p/share, notional GBP8mm warrants exercisable at 48.1p/share, notional GBP8mm warrants exercisable at 55.5p/share, and notional GBP1,253,300 warrants exercisable at 56.85p/share which, when fully exercised in aggregate, will convert into 52,907,024 Ordinary Shares of GBP0.0001 each in the Company.

https://www.lse.co.uk/rns/I3E/serenity-oil-discovery-and-corporate-update-g7hy4qzi7cptk6y.html

8 November 2019

-- The Company has agreed to issue GBP5 million of equity to funders of i3's May 2019 Junior Loan Notes at a price of 35 pence per share via private placement to provide i3 additional flexibility to extend its drilling programme

-- The Funding Long Stop Date by which the Company was required to enter a reserve-based lending ("RBL") facility or to source alternative development financing has been extended from 6 December 2019 to 30 April 2020

https://uk.advfn.com/stock-market/london/i3-energy-I3E/share-news/i

I believe it has, even if is doesn't show it, yesterday dummy sell was 0.825,

now if you do dummy sell it is 0.911

Your right trading yesterday stopped all of a sudden before 2pm, I was sure because of the news we would see some limit trades go through at 4:00 but never happened. I have seen this happen before as well and your right someone must be trying to place a large buy trade through or director dealings.

TD waterhouse have taken the ticker off for buying/selling Adept4, as it doesn't show up on the list when putting in AD4.

But if you preview trade, they do actually ley you buy/sell, crafty.

that one is showing on advfn as buy but not here suprisingly.

buys showing as sells

0.24 are sell, anything above 0.25 are buys, MMs know whats coming

Firstly the money owed is Clear Leisures anyway, as the land has been sold and money is withheld, I believe Feb 2019

By Italian law 80% of the money withheld can be handed over, which CLP, through there mediapolis Srl WERE AT THE COURTS 22 NOVEMBER 2019.

The judgement has been made but not public.

I don't see why courts will withhold money as it will 100% go to CLP

11 Oct 2019

Francesco Gardin, CEO and Chairman of Clear Leisure, commented, “The potential net return to Clear Leisure of this claim is in the region of €900,000 which, when added to the potential return of 70% from the Sipiem claim, as announced on 10 September, totals more than €8 million.

“With this in mind together with the expected payment to CL2017 from Mediapolis land auction proceeds of just below €1.9 million, Clear Leisure 2017 Limited has a potential recoverable total of nearly €10m under the best-case scenario.”

https://www.lse.co.uk/rns/CLP/acquisition-of-sosushis-legal-claim-ejqtl9jaqiurwxy.html

22nd Nov

https://www.lse.co.uk/rns/CLP/update-on-proceeds-from-mediapolis-land-auction-szw4y9yub6b5tj9.html

Double MC in next few days 100% coming.