Member Info for Calder5

Bit going for Petronor at Aje field.

Interesting read.

https://petronorep.com/#

New to the share but does anyone think they will pull this of?

GNG believe that the Lisbon Plant can produce approximately 3.4% of the US liquid helium production (or 1.7% of the World's liquid helium). The Lisbon Plant is currently operational and processing gas and purifying helium which is sold as gaseous helium directly to industrial consumers via truck. The Lisbon Plant has a liquification unit which has been in care and maintenance since around 2013 (when the liquified helium price was only ~US$62.25 /Mcf versus the US$750-1,250 /Mcf range available today).

Re: May RNS

GNG are also doing basic plant maintenance and improvements which includes restoration of the helium purification system which is expected to be returned to service within 6-8 weeks, following which the plant is expected to immediately resume sales of gaseous helium.

It’s been 8 weeks now.

No idea, but with a market cap of only 1.1m it’s not going to take much news to move the price up.

I’m not complaining leak away as long as the price goes up. Happy days, full of potential fingers crossed board delivers.

Am I missing something, where is the oil, what changed from the 28th December when the following was published?

TO-14 drilling encountered high fractured Oolitic Limestones in the reservoir with good porosity values. Initial pressure readings support Corcel's predrill thesis that the reservoir has returned to its original pressure levels through active recharge of the system.

The TO-14 well found no presence of water during drilling, despite the fact that the offset TO-4 well had been reported to have watered out by the end of its production life, further indicating that the field has fully re-equilibrated.

Overall, the drilling results for the TO-14 well were positive, with oil shows found throughout the Binga reservoir in alignment with the distribution seen in historic production wells in the Tobias field, confirming both moveable fluids and the ability to reactivate production in the field.

Therefore, the consortium is proceeding to testing of the TO-14 and then the TO-13 wells, with the objective of flowing the wells and then moving on to the next phase focused on designing the early production system.

Totally agree awaiting that 07:00 RNsS everyday.

Cheers Ed,

Thanks for the info.

Question for Ed if you don’t mind.

Capex to first oil is $28m, how much has already been spent and where will the rest come from?

TO-4 only penetrated the first 8m of the reservoir so I guess it was 709m.

The Company has been formally notified that, in view of Mr Karam's position on the Board of Directors of Corcel, Mr Karam and Mr Colangelo as directors of EPM have resolved that Mr Karam will recuse himself from any consideration or decision by EPM in relation to any dealings in Ordinary Shares in Corcel or the exercise of any of the Warrants or Loan Notes, with the consideration of any such dealings or exercise, and any decisions in relation to such dealings or exercise, being made solely by Mr Colangelo without discussion or consultation with Mr Karam.

The Company understands that, as Mr Karam is not on the board of Extraction Srl, any decisions by that company in relation to its investments can be made solely by Mr Colangelo.

Article on LinkedIn this week.

Established more than 200 years ago, Sheffield Forgemasters manufactures some of the world's largest and most technically challenging cast and forged steel components.

The historic firm's capabilities are being significantly enhanced thanks to a new 13,000-tonne forging press and new machining facilities — part of a £400 million investment programme.

Last week, Sheffield Forgemasters celebrated a 'global leap in welding technology' capable of substantially cutting the time and cost of producing small nuclear reactors which are at the heart of the UK’s energy strategy.

The South Yorkshire firm has completed the first full-sized Small Modular Reactor (SMR) nuclear vessel demonstrator. Its pioneering industrialisation of Local Electron-Beam Welding (LEBW) means it is now possible to complete four, thick, nuclear-grade welds in less than 24 hours - a process that up to now has typically required a year of work to complete.

Appreciate it Ed, thanks for taking the time. Looking forward to the next RNS.

Hi Ed hope you don’t mind answering my question but on the July presentation there is the following statement:

• Estimated Prospective Resources:

• Post-salt 456 MMbbls – unrisked P50 (138 MMbo risked), 81.1 MMbls net to CRCL

• Pre-salt 1,029 MMbbls – unrisked P50 (223 MMbo risked), 215.9 MMbls net to CRCL

Now that’s a lot of oil, like over £20B to Corcel. So what exactly does it mean. Is it likely to be fact or fiction, is a small percentage or more that is likely to be recoverable?

Thanks in advance.

I suspect (and hope) by the time we need to drill KON-16 we will have a high revenue stream from both KON 11 & 12.

Hi Nige, we are not operator on Galinda, we are operator on KON -16.

Let’s hope Ed, that would be an awesome result.

Well I’m not going to complain about that.

Happy days.

Does anyone think CRC has a chance of getting operator on KON-15? Could we have put a good enough tender in to compete with Sonangol?

That funding was agreed when the share price was so much lower. There was a high element of risk for AK in offering this package. I believe that package has gave many the confidence that CRC can fund its operations and has got the share price where it is today. I have no problem with the funding at 0.8p. Do not believe there could have been any better offers at the time. Also the future targets to double the share price every year is something else starting at 0.8p, dec24 1.6p, dec25 3.2p, dec26 6.4p.

Thanks Ed, there a slide posted on the telegram, and it shows the timeline of Angola development.

It shows production at Kon11 in Q2, drilling of Kon-12 in Q4 as well as exploration in Kon-16. All the previous targets have been made. If they stick to schedule and add in some more assets I think 6.4 will seem cheap.