Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Https://www.hmenews.com/article/belluscura-gets-green-light-in-china
A very smart move by Angus who in one swoop sign a new £20m debt facility with Trafigura over 5 years with a reasonable rate of 8% over SONIA, way lower than before and an offtake agreement. This pays off the debt and gives capex support for the foreseeable future, sweet as they say…
Https://www.barchart.com/story/news/22772389/opportunities-forming-as-2023-heads-towards-its-close
Https://ww.fashionnetwork.com/news/Innovative-eyewear-authentic-launch-nautica-smart-eyewear,1585512.html
Https://ww.fashionnetwork.com/news/Innovative-eyewear-authentic-launch-nautica-smart-eyewear,1585512.html
Pennpetro Energy (PPPP.L, 2.2p, £2m) PPPP said that the (previously announced) workover rig for the Chalk Talk 4H well in Texas has arrived in the field. This is earlier than expected, meaning work can get underway sooner. Investors will be interested to see what impact the workover will have on flowrates. In a separate RNS, PPPP indicated that the (previously announced) farm-in to the UK Oil & Gas (UKOGA.L, 0.03p, £6m) Horse Hill oil field in the UK (once known as the Gatwick Gusher) has been extended to 30 June 2024, which gives PPPP more time to earn in through funding acquisition of new 3D seismic over the field and the cost of a new crestal infill well (HH-3). On completion of this well, PPPP will receive a 49% share of all production derived from HH-3 and future wells plus a 49% WI in the field. With PPPP having limited cash resources to spend outside of Texas, this extension will give them some time to generate some FCF from production to cover costs in UK. Planning permission for the seismic and well could still derail the timetable.
Https://x.com/davidlenigas/status/1732406404764336264?s=48&t=uE7rXnhdXvvgV9BMECBm-A
Https://alabamanewscenter.com/2023/12/03/reducing-salt-intake-can-reduce-blood-pressure-study-finds/
Https://ukinvestormagazine.co.uk/tekcapital-and-cadence-minerals-have-multibagger-potential-in-2024/
Please find a link below to an interview with Brad discussing the 28/11 RNS announcing first results from mapping and sampling the Lithium Nigeria license
https://youtu.be/c-xT08b8sfI
Orosur Mining* (OMI LN) 2.95p, Mkt Cap £4.9m – Initial Nigerian exploration results show up to 2% LiO2 over wide pegmatites
• Orosur provides an exploration update from its JV in Nigeria, Lithium West, where it is earning up to 70% equity by spending $5m over five years.
• The team has been mapping and sampling the western EL 43953, with the primary goal of regional interpretation.
• Hundreds of samples have been taken, with 70 analysed for lithium and pathfinder elements using XRF and LIBS.
• ‘Numerous swarms’ of pegmatites have been mapped, in line with the schist belt thesis, with similarities to the pegmatite fields in Brazil, that led Orosur to Nigeria.
• Pegmatites up to 30m wide were noted over several kilometres in strike.
• The Company reports multiple pegmatite samples returned elevated lithium readings via LIBS, several over 2% LiO2.
• The team also used pXRF to analyse the potassium/rubidium ratio, which it believes indicates later stage pegmatite development.
• Elevated K/Rb levels have been noted by the team, with management believing this indicates ‘very high levels of fractionation.’
• Going forward, the team will conduct additional soil sampling over the 43953 licence having completed work on prospects to the east over the past few days.
Conclusion: This is an exciting development for Orosur who wasted no time in beginning exploration work on their recently acquired licence. Initial LIBS readings of >2% LiO2 provides confidence in management’s belief that the targeted Nigerian pegmatites are lithium bearing. It will be interesting to see what form of lithium-bearing mineral later results highlight. If spodumene, this could mark a key moment in the Orosur story. It remains early days, however, and additional field work is required before drill targets are generated. However, the width and length of Orosur’s pegmatites, with evidence of lithium mineralisation, is promising.