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Please find a link to a broadcast Interview with Werner Klingenberg summarising the key take away messages for Investors, post Interims and the recent Investor Webinar presentation, which I thought might be of interest :
https://youtu.be/7-M7NRk7YBg
Please find a link below to a Flagstaff TV interview with Richard Herbert discussing the key takeaway messages for Investors post the Investor Webinar which I thought might be of interest :
https://youtu.be/5_6r2ZFIGbU
Angus Energy (ANGS LN) 0.32p, Market Cap £14m: 1Q24 operational update
• Angus reported average 1Q24 production down ~5% q/q to 6.92m therms and 11.7kb of condensate (~1.4kboe/d) from the Saltfleetby gas field (100% WI).
• This generated £4.86m revenues in 1Q24 and equates to an average 2.3m therms per month, against hedged volumes of 1.5m therms per month during the quarter.
• The Company has commenced site work ahead of a workover programme in early 2Q24 on the onshore UK Brockham 2Y well (25% WI) to replace the tubing before re-starting oil production in 2H24.
Angus reported solid production during the quarter based on an operational efficiency of 92% at Saltfleetby as efforts continue to improve the reliability and lower the ongoing costs at its flagship development.
Following the refinancing in 1Q24, the Board plans to focus on maximising the potential from the existing portfolio, including its storage potential and accelerate its evaluation of new projects to complement production from Saltfleetby.
In addition, with a strengthened and stabilised balance sheet, we expect Angus to pursue a growth strategy aimed at acquiring additional production and developing storage opportunities.
Https://ana.ir/en/news/5445/salt-substitutes-prove-effective-in-new-study
Please find a link to an Investor presentation given by Angus Energy CEO Richard Herbert and the Angus management team last night, I thought might be of interest:
https://www.youtube.com/embed/lbc2DOTWntw
Please send an email to goldplat@flagstaffcomms.com
Thanks
Https://www.londonstockexchange.com/news-article/GDP/investor-presentation/16392452
Orosur has taken an important first step toward resuming 100% ownership of
the Anzá Project (‘Anzá’ or ‘the Project’), targeting completion of a transaction
(‘the Transaction’) by the end of April 2024. The proposed consideration, as
set out in the letter of intent (‘LOI’) entered with Minera Monte Águila SAS
(‘MMA’), includes a net smelter return (‘NSR’) royalty of 1.5% plus cash
payments of up to US$15 million payable upon meeting certain agreed (but as
yet undisclosed) production thresholds. Recognising the development steps
that need to be taken to reach such a stage (including production of a bankable
feasibility study (‘BFS’), permitting, construction, etc.) still remain, perhaps, 7
to 10 years away, such deferral considerably derisks the Project for
shareholders. Orosur, in exchange, will regain complete control of a now datarich, potentially world-class opportunity that is clearly much more valuable
than what was handed to the JV some years back. In anticipation, the Board
is already planning for re-assumption of ownership and operatorship, which
appears particularly timely against a background of record gold prices and a
greater willingness amongst the international mining community to invest in
Colombia once again. With a number of ‘walk up’ drill-ready targets already
presented, on-site operations could even re-start before the end of Q2 2024,
possibly in tandem with initial discussions with potential development
partners. Retaining a forward cash runway sufficient to immediately
prioritise such work, the first results could arrive quite rapidly.
:We see fair value at 14.5p/sh on the basis of an undemanding 3.5x EV/EBITDA multiplier for FY25E. We look forward to including the tailings retreatment project in our forecasts once technical, economic and commercial inputs have been defined
Https://electrek.co/2024/03/20/vw-is-ready-to-bring-autonomous-driving-to-large-scale-production/