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https://www.londonstockexchange.com/news-article/PRD/mou-2-well-preparations/15705659

Highlights
· Estimated MOU-2 will commence drilling within the first two weeks of December
· Well costs prudently managed and as for MOU-1 despite cost inflation
· Gas sales and CNG financing agreements triggered by release of test results
· Corporate transaction to monetise shareholder value will be considered
after MOU-2 and MOU-1 rigless testing

Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented:

"We are delighted to have made excellent progress towards commencing the drilling of the MOU-2 well as a result of being able to develop a diverse supply chain to ensure that all drilling materials are available at the well site to enable operating a successful well.

We are please with the level of interest being generated within Morocco and amongst those groups seeking gas to address the rise in demand for secure new gas resources.

We have multiple gas prospects in this area of the Guercif licence for further "running room" without any requirement to expand our licence portfolio.

The option to prudently finance further step-out drilling on the back of revenue generation from CNG sales is an attractive business development strategy. However MOU-2 and MOU-1 rigless testing could potentially confirm continuity of the Moulouya Fan over an area of 30km² to support a case for the higher end of the net contingent gas resources to the Company of 708 BCF, as defined in the independent SLR Consulting Ireland Ltd. ("SLR") Competent Persons Report ("CPR"), (February 2020 and January 2022 "MOU-4" updated). If this were the case the Company would not hesitate to initiate a corporate transaction to monetise shareholder value. In the current climate gas assets attract a significant premium as they can contribute to security of energy supply and the Energy Transition to help stabilise the near-term cost of energy."

https://www.londonstockexchange.com/news-article/OMI/notice-of-agm-and-investor-q-a-session/15699908

https://foodmanagement.today/judith-batchelar-obe-joins-the-board-of-microsalt/

Hi

Please register your email with goldplat@flagstaffcomms.com and we will add you to our GDP database

https://youtu.be/y5SQ6zYMpAM

https://www.londonstockexchange.com/news-article/OMI/results-for-first-quarter-ended-august-31-2022/15693603
Outlook and Strategy

During the period, the Company continued its focus on developing the potential at Anza in Colombia as well as progressing its Ariquemes tin project in Brazil, and its El Pantano gold/silver project in Argentina. The combination of the three projects have transformed the Company into a well-balanced minerals exploration company.

The Company will continue to build its project portfolio with other high-quality assets, whilst concluding the orderly closure of its historical operations in Uruguay.

https://www.londonstockexchange.com/news-article/TEK/appointment-to-the-board-of-microsalt/15693671

https://www.londonstockexchange.com/news-article/ANGS/side-track-spud-and-forward-plan/15692475

https://www.youtube.com/watch?v=zrTRXgFxd9Y&t=4s

https://www.londonstockexchange.com/news-article/TEK/guident-update/15689834

https://www.youtube.com/watch?v=XeViZMP04T0

Event: TEK’s CFO provided an update on the Company’s strategy and developments in the portfolio companies.

? TEK’s intention is to grow each company to at least a valuation of US$100m or more before it sells any significant shareholding in its portfolio companies
? Once the time does come to divest of portfolio company shares, the intention is to pay special dividends to shareholders.

Outlook: TEK’s market cap is currently ~63% discount to its NAV. With significant near-term milestones anticipated, TEK has no debt, and its portfolio companies are well positioned in respective markets

https://www.londonstockexchange.com/news-article/TEK/cfo-update/15685923

https://www.londonstockexchange.com/news-article/PRD/operations-update-and-board-changes/15683813
Paul Griffiths, Executive Chairman of Predator Oil & Gas Holdings Plc commented:

"No-one can deny that these are extremely challenging times, both from the political, financial, economic and supply chain perspectives, created by a set of circumstances that no-one could have foreseen.
However we are pleased to be taking the positive steps forward announced today needed to unlock the value of the gas potential of the Guercif Basin. The sequence of drilling and testing operations has been designed to establish the case for an early decision on a Compressed Natural Gas development.
We are looking ahead too to the exciting additional potential offered by the MOU-NE oil prospect. Guercif is possibly the only area of Morocco where this particular oil play can be tested in an optimal geological setting.
Management remains highly focussed and committed to delivering its carefully constructed strategic plan for developing the potential oil and gas resources of this large licence area and unlocking shareholder value.
Strong management with firm credible objectives is what is needed to navigate through these challenging times and I am delighted to welcome Carl Kindinger back to the Board."

https://www.londonstockexchange.com/news-article/OMI/colombia-update/15681634
Orosur CEO Brad George commented:
"PEP001 was clearly a spectacular result, but being only the first hole, caution was warranted. It is encouraging therefore that further holes have confirmed this first result and we eagerly await results from better positioned holes that are currently underway to get a better sense of the scale of what appears a most exciting prospect."

https://www.londonstockexchange.com/news-article/TEK/microsalt-partnership/15670017

https://www.londonstockexchange.com/news-article/TEK/innovative-eyewear-executive-appointments/15666022

https://www.londonstockexchange.com/news-article/TEK/lucyd-global-licensing-agreement-nautica-brand/15653890

https://www.malcysblog.com/2022/09/oil-price-savannah-san-leon-dec-scirocco-angus-iog-and-finally/

On Friday I sat down with George Lucan, CEO of Angus Energy for my regular CEO interview. The chat is copied on the link below but it was a fascinating discussion and shows just how far Angus has come in the last year or two.

The final question that I always ask is ‘where do you see your company in 12-18 months time’? George Lucan simply said ‘debt free, paying a dividend and considerably bigger’. You can’t say fairer than that then…