Looking forward..5 Nov 2020 12:25
Yes, Mr Christian Schaffalitzky (as currently an advisor/director) has been instrumental in MNRG's decisions on our mining commodities portfolio.
Mr Pierpaolo Rocco (Executive Director -MNRG) and CEO of the SPV 'BritNRG' is championing the O&G and 'alternative/renewable' energy sector.. As I believe NO other MAIN Market company is currently tackling the 'Carbon Neutral' status which EVERY country in the world will have to make efforts to achieve in the near future.
BritNRG is planning to exploit the recent acquisition of Sunswept's existing (onshore) wells, to advance (with funding from the UK Gov and O&G Majors) the MASSIVE opportunity of 'Carbon Capture' for ALL world nations.
Carbon Capture is the process of re-injection of environmental harmful carbon gases into depleted O&G wells. This process is inhibitively expensive to 'experiment/perform' in the offshore environment - hence the acquisition of the 'onshore wells'..
Regarding the wells, Ok one or two are currently producing minimal bpd, however, the producing wells bpd can easily be increased with modern technology (which Mr Pierpaolo Rocco has vast experience with).. moreover the baseline/uneconomical wells will be experimented/developed for the Carbon Capture of the future...
Oh... Also Romanian O&G (which is still on the table) and the MASSIVE forthcoming funding/deal for Middle East renewables...
All looking fantastic ;)
ATB..