Member Info for FOCUS4

Some thinking out loud is going on here, so feel free to jump on it...

Looking at the ECO Atlantic RNS regarding license renewal, one thing stands out to me. The renewal seems to coincide with ECO's aim of "optimising operations and exploration focus" across the 4 blocks they control.

"Eco has signed deeds of amendments and secured license extensions across all four of its Petroleum Exploration Licences ("PEL"s) in Namibia. In addition, Eco has farmed out its total 85% Working Interest, pending government approval, in PEL 98 (Block 2213 "Sharon Block") to an arms-length wholly Namibian-owned company, Lamda Energy (Pty) Ltd ("Lamda Energy")".

To gain access to potentially lucrative blocks, there obviously needs to be something in it for Nambia, and that may extend past NAMCOR's automatic involvement in all blocks. Was the PEL 98 farm-out to Lamda, the move that paved the way to the renewal of the other 3 licenses that ECO want to focus on?

During PEL 94 discussions last year, were the goal posts moved by the Namibian authorities wrt to GEO? We seemed close to a deal (according to the Omar hype), then there was so much interest that the timescales were extended. In this time, we went off to do some further analysis that showed an increase in the prospective output from PEL 94 of 23%.

With GEO only involved in one block (unlike ECO), were we "encouraged" to give away more of our block as a condition of renewal? GEO would then be faced with less than 78% of the block we had originally, so re-looked at the geology and squeezed out an extra 23% to 4.31b barrels. If any goalposts were moved, perhaps this re-analysis puts us back on an even keel in terms of value in the block for GEO?

This is only a wild theory, but perhaps this period of silence has been necessary, to meet the conditions of any license renewal whilst retaining value in the block for GEO and its shareholders? Obviously, my ramblings could also be utter nonsense!

4.31 billion barrels... I've just gone over the RNS dated 25.05.25 - Significant Resource Upgrade to 4.31 billion barrels (Mean) in PEL 94 Licence

Omar signs off with this:

"Today's resource upgrade underscores the tremendous potential we see in PEL 94 and the strong conviction we have in our Namibian licence. Our technical team has done a terrific job delivering new, material leads on the eastern side of the block. With excitement building across Namibia-and particularly in the Walvis Basin-we are actively progressing farm-out discussions to secure the best outcome for our shareholders"

4 months of discussion with interested parties following the resource upgrade. If not a deal, then surely an update is due in the short term...

Come on Omar, you can't keep it all to yourself ; )

Hopefully the BoD are thawing out before the big freeze commences in a few weeks time.

Morning JerseyCrew, this is exactly the info I was looking for last week (albeit unsuccessfully), many thanks for sharing. A lot of questions there that our current drilling can hopefully answer very soon.

From our more recent and modern surveying, it looks to be outside the coincident area (Gravity & EM) we are targeting so maybe that's what it was. Would still be nice to know what was down at that depth though (if the blurry text is right). Genuinely interested as I am invested here (and WSBN for similar reasons).

Thanks ontarget, I looked there but cannot see any reference to grades etc. I think they just said it didn't reach target depth due to the apparatus used. If it did go down 600m then that is within the range that we are expecting to reach mineralisation, so thought it was worth asking.

Hi MiningMagnet, thanks for the below. I was trying to get info on the historic drill hole HD001(?) which looks like it went down over 600m (although the image is blurry admittedly so cannot be sure). Unfortunately I hit a brick wall, do you have anything on this? TIA

I assume some are a bit more successful at a P&D than others VK?! Contrary to what some say, it's still just a waiting game... Any real sniff of a JV and it goes.

Eh up?

A JV, as stated by the company.

Until the JV is done, funds will always be needed, surely. What I'd like to know is, who are "certain parties"?

I didn't bother looking Ade, it's pretty clear what he's looking for....whatever floats ya boat. You can run most companies down tbh, but there are also a few diamonds in the rough... (see what I.... oh forget it).

Good luck to all LTH and bashers!

Who knows Roger, but ALL junior explorers raise. If a JV comes in, maybe they won't need to?

You have many posts to your name Roger so I'll assume that you've been around the block and are fully aware of this, and that people chase rainbows, and that a JV will blow the doors off a company valued at less than 2M.

LTHs are not looking at whether it's 0.8p or 1.2p however you seem very interested in this. I'll leave you to it Roger!

Hence KDR stating that they are in discussions about a JV for Lahtojoki and Northern Ireland. Raised at the end of Feb.

It certainly is Roger, and in my opinion the risk/reward is up there with the best of them.

- Rights to mine a diamond deposit with coloured stones. JV to follow.

- Many other license areas secured (and explored) which contain future diamond deposits, which together, make a diamond province (over the border from some of the largest diamond deposits in the world).

- Ni-Cu-PGM district in Northern Ireland, with a world expert stating similarities to the Eagle deposit in the US.

Less than 2M.

Proof will be from now on... Before, there were genuine delays that held us back (and the easy lifestyle company jibes). Now we have the permit, it's down to the BoD to get a JV done to start developing the diamond mine.

If a JV does come through you will want to have some of these already, so I'm gonna wait and see.

So we have a copper mine in our license area… might be good to start there then?! Lol

What the naysayers always throw at KDR is that none of these projects ever get anywhere. Lots of potential, but no follow through with continuous delays with the Finnish authorities. As you can tell from the podcast (and the lack negativity currently), the Lahtojoki mining concession doesn't just unlock Lahtojoki, but will enable KDR to have a base that "opens up the whole of Finland to them". They plan to bulk sample Seitapera after Lahtojoki, further testing and surveys at Riihivaara, as well as A5 the green "stonker".

Now KDR have taken a genuine step forward with the permit; with a positive outcome on the JV, this company should will seriously turn a corner. What was previously priced to fail, will begin to completely transform. With all the diamond licenses and assets in Finland and vast swathes of land secured for Ni-Cu-PGMs in Northern Ireland, they are starting to get unlocked. Now is a good time to be a shareholder.

Great start this morning, people are starting to see where this is heading with the assets we’ve got.

A drill bit in A5 might prove the Molman right?!

Cathal quick out the trap, hopefully there will be a JV roast coming along soon.