Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Excellent RNS and at the current $ price plenty of profit from Wressle.
This will be key moving forward for oil producers.
without !
I bought a few more today at 0.45. should ve waited look at it now !!
-28%
TR1
-17.5% oh dear
Really difficult one to call Heid.
Both worth approx £48k each, ask rose after them so probably buys.
Can’t see any serious investor selling nearly £100k worth at this level.
A good day yesterday let’s hope it continues !!
interesting buying today
TIDMAEX
RNS Number : 9583D
Aminex PLC
25 February 2020
25 February 2020
Aminex plc
("Aminex" or "the Company")
Corporate and Operations Update
Aminex announces the following update regarding the Company's ongoing operations in Tanzania and other corporate matters.
Highlights:
-- APT and Aminex have agreed that upon completion of the Farm-Out and the transfer of operatorship to APT, they will seek permission from the Joint Venture and the Tanzanian authorities to move the contingent elements of the 2020 work programme into the firm budget
-- Positive indications in-country that, after a period of reduced corporate engagement, the Government is re-engaging with the international business community to support the country's power demands
-- Awaiting formal update relating to (i) the review of production sharing agreements ("PSAs"), (ii) formal extensions for the Mtwara and Nyuni Area licences and (iii) the approval of the Kiliwani-North-1 remediation programme; in-country media reports suggest that the PSA review process is near completion
-- Ntorya project progressed such that following approval of the tendering and procurement process, the Company can progress operations supporting the ordering of the Long Lead Items shortly thereafter
-- ARA Petroleum Tanzania ("APT") has secured offices and staff accommodation
Tom Mackay, Chief Executive Officer of Aminex commented:
"While we continue to engage in constructive dialogue, Aminex and APT are working diligently to progress workflows such that when the approvals are given, we can quickly move into an operational phase and deliver first gas from Ntorya and begin remediation work on Kiliwani. As of yet, no formal update has been received from the Government of Tanzania in regards to our licences, however we have had positive indications in-country that the Government is approaching a place where it can update the international oil companies.
We thank shareholders for their continued confidence in the project and patience during this time of internal government reform. We look forward to updating the market as and when progress is made."
Ntorya Project Update
The Company has prepared and is in the process of receiving approval from the appropriate authorities to proceed for securing the services required to drill the Chikumbi-1 well. The Company is confident that it will pass another significant milestone in progressing the Chikumbi-1 exploration well.
APT is preparing to become functional in country having taken on offices and staff accommodation in Dar-es-Salaam. The Company, with APT, has met with various local contractors as part of the pre-project assessment of locally available services. Services not available in Tanzania will need to be sourced from the broader East African region.
APT and Aminex have agreed, subject to the requirements of the Ruvuma PSA and Joint Operating Agreement ("JOA"), that upon completion of the Farm-Out
Yup full ask getting hammered
Long term, sizeable holders don't bother with this board anymore.....
Shame cause there are some very knowledgeable guys about but as with many boards its turned into a farce.
Who’s having a punt then ?
if he was coming back people would sell not buy ………….
GRANT OF OPTIONS OVER ORDINARY SHARES
05/02/2020 2:00pm
UK Regulatory (RNS & others)
Aminex (LSE:AEX)
Intraday Stock Chart
Today : Wednesday 5 February 2020
TIDMAEX
RNS Number : 0765C
Aminex PLC
05 February 2020
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name JOHN BELL
-------------------------
2 Reason for the notification
-----------------------------------------------------------------------
a) Position/status DIRECTOR
------------------------- --------------------------------------------
b) Initial Notification INITIAL NOTIFICATION
Amendment
------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------
a) Name AMINEX PLC
------------------------- --------------------------------------------
b) LEI 635400CSEBJAYPUUFC95
------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions have
been conducted
-----------------------------------------------------------------------
a) Description ORDINARY SHARES OF EUR0.001 EACH
of the financial
instrument,
type of
instrument
Identification IE0003073255
code
------------------------- --------------------------------------------
b) Nature of GRANT OF OPTIONS OVER ORDINARY SHARES
the transaction
------------------------- --------------------------------------------
c) Price(s) and Exercise Price(s) Volume(s)
volume(s) STG 1.02 PENCE 8,000,000
----------
------------------------- --------------------------------------------
d) Aggregated
information
- Aggregated NOT APPLICABLE
volume
- Price
------------------------- --------------------------------------------
e) Date of the
transaction 4 FEBRUARY 2020
------------------------- --------------------------------------------
f) Place o
Wed, 5th Feb 2020 07:00
RNS Number : 9791B
Echo Energy PLC
05 February 2020
5 February 2020
Echo Energy plc
("Echo" or "the Company")
Argentina: Production Update
Echo Energy, the Latin American focused upstream oil and gas company, provides an update on production from the Company's recently acquired 70% non-operated working interest in the Santa Cruz Sur assets, onshore Argentina.
Average net daily production (net to Echo's 70% interest) from Santa Cruz Sur for the period from 1 November 2019, the effective date of the acquisition, to 31 January 2020 was 2,481 boepd (including 560 bbls of oil and condensate per day, and 11.5 mmscf of gas per day). Total production from Santa Cruz Sur in the period from 1 November 2019 to 31 January 2020 net to Echo was 228,249 boe (including 51,561 bbls of oil and condensate and 1,060 mmscf of gas). During the period an aggregate of 165 net mmscf of gas produced at the wellhead was utilised in the field for fuel and power.
Between 1 November 2019 and 31 January 2020 there were a total of four cargo liftings of oil and condensate, of an aggregate of 27,082 bbls net to Echo, with an average sales price (including where applicable VAT recovery) of US$ 52.1 per barrel of oil equivalent. In addition, a fifth cargo of oil and condensate, in excess of 15,000 bbls of oil equivalent net to Echo is currently in the process of being loaded at port and is expected to be completed in the coming days.
Delivery of produced gas to customers has continued without interruption, at an average realised price, reflective of the current season (including where applicable VAT recovery), of US$ 2.21 per mmbtu (prices ranging from US$ 1.6 to US$ 4.5 per mmbtu during the period). As is typical of the Argentina gas market current summer gas prices are at a discount to annual averages. The Company expects to achieve higher realised prices in winter months.
The Company looks forward to updating shareholders on testing operations at the Campo Limite (CLix-1001) well at Santa Cruz Sur, which are expected to commence in the second half of February 2020, and on the results of the Campo La Mata x-1 well (CLM x-1) at Tapi Aike in due course.
RNS Number : 4991B
Regency Mines PLC
31 January 2020
Regency Mines PLC
("Regency" or the "Company")
New Investor Presentation,
Company Secretary Appointment,
Directors Dealings & TVR
31 January 2020
Regency Mines Plc (LON: RGM) the battery metals and energy storage company announces the release of a new investor presentation, which is immediately available at the Company's website.
The Company also announces the appointment of a new Company Secretary and the issue of 481,662 ordinary shares, 3,040,567 options and 438,596 warrants further to commitments made prior to the recent restructuring as announced on 5 December 2019, but only executed now due to the Company being out of a close period.
Investor Presentation
The Company has released a revised investor presentation, which sets out its strategy across the battery metals and flexible energy space. A full corporate rebranding is expected to occur during the course of 2020, likely timed to coincide with the Company's first material asset transaction.
Company Secretary Appointment
The Company also announces the appointment, with immediate effect, of AMBA Secretaries Limited, as Company Secretary.
Director Legacy Remuneration Shares and Issue of Warrants
Nigel Burton and Ewen Ainsworth joined Regency Mines as a Director on 24 June 2019 under an arrangement where 42.5% and 48.6% of their respective annual Directors' fee was to be paid in shares. Accordingly, to clear historic balances the Company has issued 122,312 new ordinary shares to Mr. Burton and 190,929 new ordinary shares to Mr Ainsworth for the period from June 2019 to December 2019 (of the 190,929 shares awarded to Mr Ainsworth, 141,901 new ordinary shares have been issued to Discovery Energy Limited a company controlled by Mr Ainsworth). This deals with all outstanding legacy issues and the Non-Executive Directors of the Company are now being remunerated on normal market terms.
Consistent with the Company's strategy of preserving its cash balances, a further 168,421 shares and 438,596 warrants (at yesterday's closing price of GBP0.0285 have been awarded to consultants and advisors for services to be provided during 2020.
CEO Option Awards
The Company has awarded Scott Kaintz, Chief Executive Officer, 3,040,567 three-year vest, five-year expiry options under the Company's Enterprise Management Scheme, to purchase new ordinary shares of the Company at yesterday's closing price of GBP0.0285. These options carry performance criteria under which vesting can be accelerated. These options were unable to be awarded as part of the recent restructuring due to the Company being in a close period.
Director Shareholdings
The Fee Shares and options issued to Directors have been included in the table below, which sets out the total shareholding and interests of three of the Company's Directors in the enlarged share capital of the Company.
Director Direct Indirect Total % Warran
RNS Number : 4967B
Regency Mines PLC
31 January 2020
Regency Mines PLC
("Regency" or the "Company")
Launch of Flexible Grid Solutions Division
Board Approval to Progress First Project
31 January 2020
Regency Mines Plc (LON: RGM), the battery metals and energy storage development company, is pleased to confirm the rebranding of its "Energy Storage" division to "Flexible Grid Solutions" and Board approval to progress its first project to financial close with maiden revenues expected by the end of 2020.
Highlights:
o First project in Southport approved to progress to mid-year Financial Close with estimated project costs pre Financial Close to be covered from existing cash resources
o Local Planning Authority and SEC 11MW Grid Application in Progress
o Maiden Revenues expected by end of 2020
Scott Kaintz, CEO, commented: "I am delighted to report that having recently acquired 100% of the business, Regency is now focusing its Flexible Grid Solutions division on its first project at Southport with a view to securing near term revenues. The Southport project is fully aligned with the decarbonisation of the economy, the power grid and associated distribution networks. The project is also aligned with the requirement for flexible energy options to buttress an ever-increasing reliance on renewable power and the net zero emissions goal of the UK Government."
Division Rebranding:
The Company has elected to re-brand its UK energy storage business as Flexible Grid Solutions to better reflect the breadth of activity involved in supporting the transition from centralised large scale fossil fuel intensive plants to smaller distributed sites with flexibility to switch on and off as required, often buttressed by battery installations.
Sanction of First Project:
The Company views the use of "peaker plants" and the associated battery storage in support of the electricity system as a critical component of the energy transition as power networks and energy markets evolve to accommodate changing demand and supply profiles, decarbonisation and the emergence of EVs.
The first project is at a development site in Southport, near Liverpool, and will initially involve the installation of a gas fired "peaker plant" with 7.2MW generation capabilities. These plants ease pressure on power networks by levelling out imbalances in supply and demand, generating and selling electricity when prices are high. This will then be followed by up to 4MW installation of energy storage using containerised lithium ion batteries. This then provides the site with the ability to both produce power when appropriate and store it for onward sale into the grid during periods of peak demand. The purchase of inexpensive power from the grid during off-peak times or when renewable production is higher than expected is also then possible through use of the battery installation.
The Company is pleased to confirm that the Board has approved to progress, with initial cost
100m traded yesterday
and back down we go...……..
traders dream at the moment
TIDMECHO
RNS Number : 3535B
Echo Energy PLC
30 January 2020
30 January 2020
Echo Energy plc
("Echo" or "the Company")
Santa Cruz Sur: CLix-1001 Update
Echo Energy, the Latin American focused upstream oil and gas company, provides a further update on the Campo Limite exploration well (CLix-1001) drilled in the in the Palermo Aike concession of the Company's Santa Cruz Sur ("SCS") assets.
The Company is pleased to announce that CLix-1001 has now been confirmed to have identified the top of its primary target, the Springhill Formation, some 28 metres above pre-drill prognoses and 58 metres above the interpreted regional water contact zone within the area.
The fact that the Springhill Formation, across a 19 metre gross interval between 2,124 metres and 2,143 metres, is shallower than pre-drill prognoses had estimated, is potentially indicative of increased reservoir volumes situated above the water contact across the Campo Limite area, but confirmation of this will be the subject of future technical work.
In addition, the Company confirms that, following completion of drilling activity on CLix-1001 and the previously announced decision to move to completion and testing of the well, the programme for the completion and conventional inflow testing of CLix-1001 has now been agreed and testing operations are expected to commence in the second half of February 2020.
The Eagle workover rig, owned by Echo and its partners in the SCS assets, will be mobilised to undertake the testing operations. The completion and testing programme now defined is designed to seek to determine the productivity of the Springhill reservoir at the CLix-1001 well location and to identify which intervals are net pay.
The Company cautions that completion of the well test and analyses of the results is needed to conclusively establish both the presence of producible gas at CLix-1001 and the potential for the CLix-1001 well to de-risk further appraisal and development targets in the Campo Limite area. The presence of additional gas resources, if confirmed, would provide enhanced commercial development scenarios for existing discovered volumes at Palermo Aike.