Member Info for Chambery

If Tyfast likes what it finds and with Rio Tinto hovering the outcome could be massive.

WTE will have a number of Eco shares why would Eco want to buy its own shares back. WTE is a shell company holding other

companies ordinary shares, mainly Eco.

Around 45% of the shares issued to JHI shareholders will be subject to 18 month lock-up agreements.

A little restrictive if WTE wanted to sell the ECO share.

JHI shareholders will receive 0.7054 Eco shares for every 1 JHI share they currently own.

Westmount holds a total of 5,685,257 shares in JHI = New Eco 4,010,380

+ Westmount holds 1,500,000 shares in Eco

Providing the calcs are ok WTE will own 5510380 Eco shares at £0.55 ~ £3m after takeover of JHI + its other minor interests.

85% of the export of the oil via Strait of Hormuz goes east. Its going to take time to sort this out.

“It is noted that the KMUK partners retain the right to recover all capital investment and intercompany loans from the operation as a priority.”

It would make more sense to delay stage 2 in favour of repaying KMUK $65M + . I am unclear on whether “KMUK” recovers the money and KOD gets 49% or Hainan gets it all.

Lets not forget the disputed $15m that Hainan believes KOD is responsible for the tax payment to Mali and not KMUK.

I think 10% royalties are due off the $30m.

Anybody know which ship took the second load of spod?

So the ship is on the way and not loading.

"Second shipment of 20,000 tonnes of spodumene concentrate is currently being loaded at the Port of San Pedro"

What is the ship name? No Bulk carriers currently in port. M/V AAL GENOA?

Pensacola was always the wrong choice, was always difficult to develop as history has shown. Should of started

with Selene. Shareholders money wasted as usual with AIM, the management paid and supporting big business

in their risk reduction. I lost money before share consolidation and feel for those expecting Selene and and this

poor management to perform. AIM is a 95%+ ponzi and should be shut down by government mainly a directors

employment agency scamming investors with no legal recourse to the falsehoods they portay. Invest with care

and and believe nothing said by directors unless backed by concrete legal paperwork. Warned!

Agreed Fairdealer, but if Deltic cannot offload then I wonder if like Pensacola the licence reverts to Shell. The only hope is a new player or Dana may offer a couple of million. This RNS may be a prelude to a share raise as 'Bad' indicated

To bring this project to producing gas a large part of the estimated Capital expenditure (Gross) USD $310 million

will need to be found. Deltic will need to find $40-50 million before production for its 25% share.

When Deltic farmed out to Dana it had to obtain consent from Shell

“Completion of the farm-out is conditional on obtaining consent from Shell and standard regulatory consents from the North Sea Transition Authority”

I wonder when Shell dumped Selene to Viaro whether Deltic had a say.

Abysmal, a salary farm down company. Selene results irrellevant.

Seems strange that Eco is not contesting its share in Hammerhead allowing Exxon to proceed. Deal already done?

Regardless of Deltic's intention to withdraw from the licence, it is expected that Deltic may be required to honour certain expenditure in relation to the appraisal well which was approved by the JV prior to the withdrawal notice being issued. The value of the committed expenditure, which may potentially be material to the Company, will be established with the Operator following the formal withdrawal process, and it is expected that these costs may not become fully payable until H1 2025.

"increase the rate of the levy by three percentage points, as well as removing the unjustifiably generous investment allowances."

I think that put the nail in the coffin for any investment into those new licences or existing, worthless and costly to Deltic.

LABOUR Manefesto 2024 Quote :

“We will not issue new licences to explore new fields because they will not take a penny off bills, cannot

make us energy secure, and will only accelerate the worsening climate crisis. In addition, we will

not grant new coal licences and will ban fracking for good.

To support investment in this plan, Labour will close the loopholes in the windfall tax on oil and gas

companies. Companies have benefitted from enormous profits not because of their ingenuity or investment, but because of an energy shock which raised prices for British families. Labour will

therefore extend the sunset clause in the Energy Profits Levy until the end of the next parliament. We will also increase the rate of the levy by three percentage points, as well as removing the unjustifiably generous investment allowances. Labour will also retain the Energy Security Investment Mechanism. investment”