Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
Something else to think about. It seems AC was forced into issuing these shares purely because of who required the shares. Of course I can't be sure but we may be in the wonderful realm of no shares available. If they were publicly available they would have simply bought into the market, that's obviously not the case. This means even a minor positive stimulus to the market would push the share price skyward. I have a feeling Stig is playing a role in this game of thrones.
Wraith - that's only the tip of the iceberg, this is what we are waiting for.
1/ Tilapia licence approval before the end of May. Ratification into law within the next two months.
2/ This licence, if acquired, will automatically include the now confirmed second Congo deal.
3/ Appointment of Workover rig company with contract signed in June for the first drilling of Ezzaouia. Commencement of drilling determined by rig companies schedule.
4/ Appointment of Workover/Drilling rig company with contract signed in June for the first drilling of El Bibane. Commencement of drilling determined by rig companies schedule.
5/ West African deal signed and sealed within the next three months - 4000 - 12000 BOE per day.
6/ Announcement of Canadian engineers revised 2p reserves in early June.
7/ Final Results expected in June with Engineers new report figures included. This new evaluation of total 2p reserves should not only validate the present estimated 20 million figure but it should increase this figure considerably. These reports Invariably supersede previous estimated reports that may have been carried out many years before. New technology allows finer tuning of present information, hence higher figures. These figures cannot be factored into the share price prior to the report announcement and will have a considerable impact upon Capitalisation.
8/ SLK approval imminent. Immediately adds $4m plus per year to the company treasury and must significantly add value to the share price.
9/ Nigeria Marginal Field Bid Round or private Joint Venture, any time.
10/ Issue of a B+ BCRA credit rating in July. Should attract more institutional investors.
11/ We must not assume that the West African deal is with Fleet Oil & Gas because that deal is a Joint Venture in Mena, which is North Africa. So the 2000 BOE per day Fleet Oil & Gas deal is still on.
Not to mention the legal case against SNP for $5.3m or the $5.7m owed by SNPC. In all, a lot in the pot, I'm sure you will agree.
Lets not give up on the day quite yet FV. There is much to talk about here and I'm sure Kelsbels can enlighten us on these so called false promises and untruths spoken by our CEO. Since October, when I invested, I have seen or heard nothing to suggest misconduct by the CEO. In fact nothing since December last year. His beef may be over what was said a few years ago, in which case I'm really not interested what went before Tilapia.
Kelsbels - we paid $250,000 for the Ezzaouia concession, now fully paid. On the 24th April we would have received $400,000 from the sale of Ezzaouia oil production. This amounts to $150,000 over and above the cost of the entire concession. We are now operating in what you could call "money for nothing territory". How do you explain this phenomena?
Don't tell me you have all gone back to sleep after what you have just heard. He sounded pretty confident that the negotiation for this 4000 - 12000 BOE PD deal in West Africa is nearing it's conclusion. I don't want to sound too rampi rampi but this could be bigger and far better than Tilapia. It's an already producing field, it will blow the top off the share price, wake up for god sake.
It's difficult to estimate where this West African operation is. If we go by the African Intelligence article, the joint venture with Mbene Oil & Gas was severed some months ago. That should take out Gabon from the equation, however, Gabon did run a Marginal field bid round this year and AC could be involved with another joint operator in that bid round.
The first two questions from Stig were "what are the 2p reserves and when will you reach EBITDA breakeven". AC's said Tunisia is already in profit, EBITDA very soon. The significance of 2p is the effect it has on Capitalisation and EBITDA breakeven initiates algorithmic buy triggers for the institutional investors.
West African opportunity for 4000 - 12000 BOE per day, negotiations moving very fast. He said it will bring the market cap to more than 400 NOK (3.5p UK).
And there you have it gentleman and women. AGEOS is most definitely plying for chief Geologist and directorship as AC's right hand man. Just joking AGEOS, fantastic presentation of the fundamental ingredients of our newly acquired concessions. My expectations for these concessions are growing by the day. Hopefully some more info revealed tomorrow.