Member Info for euclid55

As at 30 April 2024, the Company had cash and cash equivalents of £807k (30 April 2023: £767k). Cash burn was £218k per month

So used up most of the cash now

Beauly licence offers large oil development potential. Fynn Beauly lies to the north of

Pilot, midway between the Piper and Claymore fields, and is a large existing viscous oil

discovery. Orcadian holds 50% in JV with UK peer Parkmead. Fynn Beauly was originally

discovered in 1974, with one well flowing at 10bbl/d of 10.6 degree API oil. Potential

esources are large, with gross 2C of 292mmbbl allotted to Fynn Beauly (257mmbbl on the

current licence). The JV is studying potential development using a warm polymer flood

powered by geothermal, or downhole RF (microwave) heating powered by wind turbines. One

possible next step in this process would be drilling of a test well and carrying out of a flow

test using microwaves for reservoir heating, which we would expect to cost around US$50m

gross

It’s on the Zeus broker Report dated 15 Aug 2024

Beauly (257mmbbl on the

current licence). The JV is studying potential development using a warm polymer flood

powered by geothermal, or downhole RF (microwave) heating powered by wind turbines. One

possible next step in this process would be drilling of a test well and carrying out of a flow

test using microwaves for reservoir heating, which we would expect to cost around US$50m

The JV is studying potential development using a warm polymer flood

powered by geothermal, or downhole RF (microwave) heating powered by wind turbines. One

Taken from page 2 of new broker report

possible next step in this process would be drilling of a test well and carrying out of a flow

test using microwaves for reservoir heating, which we would expect to cost around US$50m

It’s not about us reading it it’s down to the BoD report back to us to state if any of this is true or not

I was going to buy into this but am holding off until the Directors provide feedback on TW report and that it’s all false

If someone is able to send the TW report to the Bod

They should be honest enough to give a detailed feedback Rns on this so it stops the rot in the share price

Plus any new investors will not be put off as the BoD have reported back on the TW report.

Can anybody send his report to the Bod to see what they say and even issue an Rns about this

Don't forget about the dilution here

The Company's conditional offer, announced 20 June 2024 and approved by Bluejay shareholders at the General Meeting held on 10 July 2024, to acquire up to an initial 51% of the issued share capital of White Flame for £1,402,500, payable in Bluejay shares has been accepted by approximately 95% of WFE shareholders.

https://polaris.brighterir.com/public/bluejay_mining/news/rns/story/xeklozx

These are all very good figures, but think it's best to wait until LBE release the news on the DRO assets, otherwise a lot of investors are going to be expecting very high oil figure assets

But Paul pays himself a handsome salary and charges Alk a consultant fee too

Seems someone has bought most of the 4.730m shares sold by Progressive Capital Partners Ltd.

As the price has not really changed

Finalising negotiations with Petronas on a production sharing contract for several material and undeveloped gas fields capable of near-term development.

Good analysis, but what sort of capital would they require to develop these existing DRO’s.?

Https://illuminem.com/illuminemvoices/gulf-oil-producers-go-global-in-pursuit-of-natural-gas

Who will be covering this increase in Capex ?

LJN has now been informed by the operator that the Statfjord Øst 2024 gross capex budget has almost doubled to 685 million Norwegian Kroner (~$64 million) having already suffered a 25% gross capex budget increase of 586 million Norwegian Kroner (~$55 million) in 2023.

For a rough estimate, however, we can use the CPR NPV10 unit valuations in the previous high case (which looks broadly consistent with the new, best estimate case) of €18.3/bbl and apply it to the updated reserve numbers.

This suggests an implied NAV of US$141.6m in the best estimate case, and just under US$200m in the high case.

We also note the announcement by Zinnwald Lithium (ZNWD LN) with strategic investment Advanced Metallurgical Group (AMG) who are building the lithium refinery in Germany.

This is the most relevant update for ALK as it highlights that AMG intends to vertically integrate to secure feedstock meaning that although this is intended to be the first capacity online in Europe the capacity has already likely been set aside for processing the concentrate from the nearby Zinnwald project.

This further highlights the shortage of available refining capacity for lithium miners and end users and ALK remains the only listed exposure to refining capacity.

It is difficult to not demonstrate considerable upside potential and the latest announcement indicates that major de risking catalysts which we believe will drive a rerating are now significantly closer.

The nature of the process means that market updates and timing is challenging to gauge, however, off the current valuation there is limited downside risk. Correspondingly a feedstock deal with an OEM indicates a major catalyst as it unlocks the project financing process, optionality on structures and potentially direct funding as part of an agreement

Hello Sharbel,

Remember f the £2.80p is based on 100% wi, so 18.75% is around 52p NPV