focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Ater the close of the reporting period, the company completed the drilling of Lidsey-X2 and on 23 October 2017 received from the Oil & Gas Authority ("OGA") the Company's final regulatory approval for production from the Kimmeridge layers of Brockham-X4Z. A condition for production consent from the OGA was the connection to the National Grid for the distribution of excess power generated on-site. � As the design, acquisition and installation of the OGA mandated distribution scheme would take several months to be completed, the Board agreed to submit a normalization application for the operations at the Brockham Oil Field associated with well BR-X4 and its inclusive side-track BR-X4Z after a formal request by the Surrey County Council ("SCC"). This submission (the "normalization application") is for the continued surface activities of the production plant now required for the BR-X4 Well and notably, its side-track BR-X4Z. As determined by the Board, the normalization application - submitted without prejudice - is a prudent and pragmatic step in the best interests of all stakeholders. � The Group reiterates it has all the required permissions from all of its regulators to continue production at the Brockham Oil Field including the Kimmeridge layers. In taking this intermediate step, the Company has not relinquished any rights or further options at its disposal to protect all shareholders. Various press reports following the drilling of the Brockham-X4Z sidetrack creating unwarranted and groundless speculation pertaining to the Brockham-X4Z sidetrack, the legal status of said sidetrack and the future of production from the Brockham Oil Field. For the avoidance of any doubt following the erroneous reports, the Company took the precaution of obtaining additional legal review from Queen's Counsel ("QC"). � The Queen's Counsel has confirmed her considered view that well BR-X4 (the donor well of the X4Z sidetrack, also known as well no. 3) has planning permission until 2036. Similarly, the QC confirms that the sidetrack to Well BR-X4, drilled in January 2017, is authorised by the 2006 planning permission. This publicly available documentation was a material omission in the above mentioned press report(s). � The Brockham oil field has been part of the Brockham community since the original discovery by BP in the 1980's. Angus Energy remains fully engaged with all its regulators. � The Company has worked with the SCC throughout this process and will continue to do so without exception. Both parties continue to maintain a professional relationship and on-going communications. The company affirms re-instating production from Brockham-X2Y from the Portland reservoir is covered by the existing planning permits and independent of the normalization application.
PDAC 2018: Concerns raised about supply of battery raw materials http://www.indmin.com/Article/3792317/Graphite/PDAC-2018-Concerns-raised-about-supply-of-battery-raw-materials.html
Deals mainly with Broadford Bridge albeit does comment on Horse Hill as well. "The BB-1 and BB-1z technical learnings also have clear positive implications for the forthcoming Horse Hill flow test, which is now being technically reviewed to include further zones and an increased perforated section"
Mention on Inspirit. http://www.dailymail.co.uk/money/markets/article-4474582/MARKET-REPORT-Frankie-Benny-s-hit-profit-blow.html
Opined a few months ago inspirit may be heading offshore https://twitter.com/DavidLenigas/status/829628327489044480
"European power grid spending bonanza fuels smart energy M&A" - http://uk.reuters.com/article/uk-power-infrastructure-m-a-idUKKBN15P0HM
Winter power crunch fears as UK-France cables severed during storm. http://www.telegraph.co.uk/business/2016/11/29/winter-power-crunch-fears-uk-france-cables-severed-storm/
Heatwave adds to pressure on UK power networks http://www.bbc.co.uk/news/business-37368408 UK wholesale electricity prices for the day ahead shot up as a heatwave in some parts of the country helped push up the demand for power. The price has jumped from around £40 per megawatt hour to almost £200, the most expensive in a decade.
SolarCity stock soars 26% on Tesla acquisition bid http://www.cnbc.com/id/103704083 Lets hope they bid for Inspirit.
The RNS of the 17th December 2015 advised the following. "Enertek will complete safety and performance testing during January and February prior to EC Certification via BSI Certification which involves testing the appliance to European Standards covering gas safety, electrical safety and thermal/electrical efficiency. Once certified to the relevant European Directives the Inspirit Charger will be released for field trials" They planned to send the unit to Enertek 2nd half of January 2016 and was anticipated the would test the unit during January and February. The audio interview posted on the 13th April 2016 mentions they unit is currently undergoing unit and type approvals with the BSI Institute. This suggests to me the the performance testing with Enertek is now complete, otherwise it would not now be with the BSI Institute.
Enertek will complete safety and performance testing during January and February prior to EC Certification via BSI Certification which involves testing the appliance to European Standards covering gas safety, electrical safety and thermal/electrical efficiency. Once certified to the relevant European Directives the Inspirit Charger will be released for field trials. Hopefully we may have news any day re Enertek's testing.
Suggesting upside to 0.85 https://twitter.com/ZaksTradersCafe/status/695128696974401536?s=09
At this juncture the company has agreed with Enertek International ("Enertek"), which is based in Hull and is one of only two engineering laboratories capable of fully testing microCHP appliances in the UK, that the appliance will be delivered to them in the second half of January 2016 for independent third party testing. This will allow Enertek to acquire certification for field trial use in real world installations such as commercial plant rooms and domestic properties.