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Keithb1 for whatever reasons theres very little interest out there warrants are a pain
I know but volumn will clear them eventually
SFR buying up the KCB where they can the message is clear to most of us
Think i will take a back seat and watch for a while Take care stay safe all

Forest4032
@forest4032
40s
Significant IP Anomaly Identified at Marimaca #Copper Project
T.MARI | 11 minutes ago

Marimaca Copper Project
T.MARI | 16 minutes ago
VANCOUVER, British Columbia, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Marimaca Copper Corp. (“Marimaca Copper” or the “Company”) (TSX: MARI) is pleased to announce the results of an induced polarization (“IP”) survey completed at the Marimaca Copper Project (“Marimaca” or “the Project”), which has identified an extensive chargeability anomaly below the Company’s flagship Marimaca Oxide Deposit (“MOD”). The Company completed a Preliminary Economic Assessment (“PEA”) for the MOD in 2020, which highlighted its unique characteristics and shows the Project has the potential to be among the lowest capital and operating cost copper projects when in production, delivering a post tax NPV 8 of US$524m using a US$3.15/lb copper price ( refer to release: 4 August 2020). The PEA is considered preliminary in nature and includes Inferred Mineral Resources that are considered too speculative, geologically, to have the economic considerations applied that would enable classification as Mineral Reserves. There is no certainty that the conclusions within the PEA will be realized. The PEA is based on the material assumptions outlined in the release dated the 4 th of August 2020.

Highlights

Extensive high chargeability anomaly identified, indicating widespread presence of sulphide mineralization below the MOD

Survey results provide numerous targets for the upcoming drilling campaign

Survey results provide additional information regarding structural controls of mineralization and continue to add to the geological understanding of Marimaca

Surface geological mapping and geochemical sampling at Cindy target completed, results pending

IP results for Mercedes and Cindy targets expected imminently
Sergio Rivera, VP Exploration of Marimaca Copper, commented:

“We are very pleased with the results of the IP survey, which show a large, laterally extensive, chargeability anomaly beneath the Marimaca Oxide Deposit. This provides us with valuable data to inform drill hole targeting.

“The IP has provided significant additional structural information, including highlighting the importance of the various cross-cutting fault structures for the mineralization at Marimaca. This has provided us with several areas of focus for drilling at the Marimaca Sulphide Target.

“We have also completed IP and geochemical sampling at our Cindy and Mercedes targets and are now assembling a considerable portfolio of targets which we believe could represent repetitions of Marimaca style mineralization, close to our flagship Marimaca Copper Project.

“We expect 2021 to be a pivotal year for our Company, with numerous value creating opportunities, and we look forward to executing on our exploration strategy over the coming months.”
https://stockhouse.com/companies/quote?symbol=t.mari
$MTR.L #MTR
@metaltigerplc

ENEO raises XAF100 bln from local banks, thanks in part to Cameroon’s proven commitment to supporting the company
Thursday, 28 January 2021 17:10

(Business in Cameroon) - On December 31, 2020, electric utility ENEO completed the mobilization of XAF100 billion from a pool of eight local banks led by Citibank. This was revealed by an authorized source within the bank but, the latter provided no details on the conditions of the loan or the subscribing banks.

Authorized by the board of directors of this company in January 2020, the operation was to be carried out after an improvement of ENEO’s borrower profile. Indeed, at the time, ENEO was facing cash flow problems due notably to its largest clients' (including the state and its agencies) unpaid bills. As a result, the electric utility was no longer able to honor its commitments toward service providers like independent power producers and fuel suppliers. In its 2019 operation report, ENEO explained that its debt towards those independent power producers and fuel suppliers was XAF155 billion.

In that context, “we needed to reassure the financial market about Eneo’s capacity to meet payment deadlines and prove that the state of Cameroon can regularly pay its invoices (…),” said Éric Mansuy (ENEO’s general manager ) in an interview with Business in Cameroon.

A boost from the State of Cameroon

As desired by the CEO of Eneo, the financial market was reassured in June 2020 with the State of Cameroon’s release of XAF45 billion as an advance on the bills it owed the utility. Another XAF30 billion tranche was also announced.

"With the XAF45 billion we received [ed. note: in June 2020], and the regular payment of state’s invoices over the first five months of this financial year, negotiations for the XAF100 billion loan were effectively launched,” Eric Mansuy later said.

"The settlement of these arrears and some other indicators confirm the government is committed to supporting ENEO. When combined with the corporate government transformation initiated by Actis, ENEO’s reference shareholder, we can say that this is a sound operation," a banker explained when ENEO was preparing its loan operations.

In a recent newsletter, the electric utility revealed that the funds thus raised will be used to settle its medium-term debt and fund additional investments (production and distribution investments mainly). It should also help Eneo recover from a 2019 financial year marked by a difficult financial situation and a 2020 financial year marked by the coronavirus pandemic, which forced the electric utility to reduce its investment budget by over XAF21 billion (from XAF67 billion initially to XAF45.7 billion).

Brice R. Mbodiam

Receipt of conditional approval for admission to the ASX

Metal Tiger Plc

("Metal Tiger" or the "Company")

Receipt of conditional approval for admission to the ASX

Metal Tiger plc (AIM: MTR), the London Stock Exchange AIM listed investor in natural resource opportunities, is pleased to announce that, in-line with its planned secondary compliance listing (as announced on 21 August 2020) on the Australian Securities Exchange (“ASX”), it has today received conditional approval from the ASX in response to its formal request for admission to the Official List of the ASX and the official quotation of Metal Tiger's CHESS Depository Instruments ("CDIs") ("ASX Conditional Approval").

The ASX Conditional Approval is a standard form document and represents a significant step in the Company’s secondary compliance listing process. The approval confirms that the ASX considers Metal Tiger to be suitable to list on the ASX, subject to the Company satisfying certain customary conditions precedent prior to admission to the Official List of the ASX and the official quotation of Metal Tiger's CDIs.

Having received the ASX Conditional Approval, Metal Tiger will set about satisfying the conditions with the intention of listing on the ASX in the coming weeks and a further announcement will be made in due course.

While Metal Tiger does not see any impediment to satisfying the conditions, shareholders should note though that there is no guarantee that Metal Tiger will be admitted to the Official List of the ASX in the event that Metal Tiger does not satisfy the conditions stipulated in the ASX Conditional Approval.

Shareholders wishing to transfer their shares from the United Kingdom Register (Ordinary Shares) to the Australian Register (CDI’s) can find the appropriate instructions and form at the following link:

https://www.metaltigerplc.com/cross-border-transactions

Instructions are also available to transfer CDI’s from the Australian Register to the United Kingdom Register (Ordinary Shares).

For further information on the Company, visit: www.metaltigerplc.com :
https://www.investegate.co.uk/metal-tiger-plc--mtr-/bus/receipt-of-conditional-approval-for-admission-to-the-asx/20210129131500Z8884/

SNH sets its main objectives for 2021
POSTED ON FRIDAY, JANUARY 29, 2021 7:57 AM

For the 2021 fiscal year, the National Hydrocarbons Company (SNH) has just published its objectives in its recent news magazine currently on newsstands. " The main objectives of the company for 2021 are in particular to increase the mining rent, to revitalize the oil sector and that of the oil services, as well as to increase the development of skills in the oil trades ", indicates the public company.

SNH explains that to achieve its objectives, you have to follow five axes. The first consists of optimizing the State's participation in oil contracts and pursuing promotional actions with oil companies with the capacity to invest and resume exploitation of the Mvia field with a view to its return to production under optimal conditions. .

The second axis concerns the development of oil and gas resources. In this component, it is planned to carry out studies for the valuation of gas reserves in the Rio del Rey and Douala / Kribi-Campo basins. Studies are also planned for the construction of natural gas transport infrastructure for the domestic market, the development of liquefied natural gas (LNG) and compressed natural gas (CNG) production activities as well as the establishment of an incubation center for technologies specializing in hydrocarbons.

The third aspect concerns portfolio management. In this context, it will be a question of studying and taking holdings, as necessary, in industries related to petroleum and natural gas on the basis of the results of technico-economic studies. In addition, studies will be carried out on the question of making the most of development opportunities for renewable and / or alternative energies such as blue (including the use of CO2) or green (use of renewable energies) hydrogen, used in particular for electricity production.

The fourth axis, devoted to heritage and digital data, will focus in particular on the continued collection, conservation, improvement and management of data, the acquisition of any data likely to improve knowledge of Cameroonian sedimentary basins, implementation of an integrated management system through ISO certifications and the implementation of a financial information system.

The last axis, devoted to internal operations, concerns financial management, legal advice, insurance, communication, IT, human resources management, budget and control as well as management of SNH's assets.

https://www.stopblablacam.com/economie/2901-5937-la-snh-fixe-ses-principaux-objectifs-pour-lexercice-2021

Victoria Oil & Gas
A Q4 2020 update from VOG this morning, average daily gross gas sales rate for the quarter of 5.1 MMscf/d (Q3 20: 4.7 MMscf/d) of natural gas plus gross 3,109 bbls (Q3 20: 2,438 bbls) condensate was produced safely and sold to industrial customers.

La-108 Remediation work was completed mid November 2020 and during initial testing the well flowed at the 19 to 20 MMscf/d limit of the surface equipment, with a Flowing Well Head Pressure (FWHP) of 3,580 psig. The full potential of the well is highly likely to exceed the capacity of the plant, which is 20 MMscf/d

A settlement was reached with Cameroon Holdings Limited to cease all legal action and cancel the CHL royalty agreement and GDC received, as operator, approval from the Minister of Mines, Industry and Technological Development for the extension of the Matanda Block licence and we have commenced well planning.

Roy Kelly, CEO of the Company, commented:

“We are very pleased with the resilience our Cameroon business has shown yet again under the challenges and restrictions posed by the pandemic. Looking ahead, we are delighted to have a number of growth opportunities to increase gas sales in Cameroon which remains resource rich but energy poor, especially around Douala, the country’s largest city and the economic engine of the country.

The flowrate of the La-108 well obtained on short-term test was excellent, but such short-term deliverability is no measure of either long-term deliverability, or the ultimate reserves that may be recovered by the well, as the variations in the performance of the other wells has illustrated. We therefore require a period of sustained production from La-108 to determine how we can best use the well to serve the growing demand in the area.

This was a straightforward and simple update which I suspect is just what shareholders want at the moment. Economically the opportunities around Douala are plentiful and as in other parts of the sub-continent Governments are increasingly realising that using their own domestic power sources is not only cheaper but environmentally agreeable.

Historically that has not always been the case, certainly not in the latter, burning any old fuel for power generation suited despots but things are changing albeit slowly in some cases. I know that the new team at VOG has been working flat to the boards on restructuring and that it is beginning to reap rewards in the domestic power market, with Matanda there is upside as well.
https://www.malcysblog.com/2021/01/oil-price-genel-ujo-reabold-vog-and-finally/

Business in Cameroon) - Concessionaire of the public electricity service in Cameroon until 2031, Eneo, a company controlled by the British investment fund Actis, successfully closed, on December 31, 2020, a loan of 100 billion of FCFA from a pool made up of eight local banks and led by Citibank, we learn from an authorized source. The characteristics of the operation were not disclosed, however, as were the other banks that subscribed to it.

Authorized by the Board of Directors of this company since January 2020, the operation was conditioned by the improvement of the borrower profile of Eneo, which was then facing cash flow pressures, themselves consecutive to the non-payment of invoices. by its largest consumers, including the State and its branches.

As a result, the electricity company itself was no longer able to honor its commitments to its service providers, in particular independent producers of electrical energy and suppliers of fuel for power stations. At the end of 2019, these partners claimed from Eneo unpaid debts of CFAF 155 billion, underlines the company in its 2019 activity report.

In this context, "? the financial market needed to be reassured about Eneo's ability to meet the maturities of this loan, and about regular payments from the State of Cameroon," explained the Director General (DG ) of Eneo, Éric Mansuy, in a recent interview with Business in Cameroon .

Help from the state

As desired by the CEO of Eneo, the financial market will be reassured from June 2020, thanks to a disbursement of FCFA 45 billion made by the State of Cameroon, as an advance on its overdue invoices at the service concessionaire. public electricity. A second tranche of around 30 billion FCFA will also be announced.

"Thanks to the collection of 45 billion FCFA and the regular payment of government bills over the first five months of the year, negotiations on the loan of 100 billion FCFA have truly been relaunched ?", underlined the CEO of Eneo in the aforementioned interview.

“The settlement of these arrears and other indicators confirms that there is a real commitment from the government to support Eneo. When you combine this with the transformation of corporate governance put in place by Actis, its reference shareholder, for us, it is a solid operation ”, already explained a banker at the time of the preparation of the loan. 'Eneo.

This loan will be used, reveals the electricity company in a recent Newsletter, to repay " ?the balance of a medium-term loan" contracted by Eneo and to finance the company's investments, particularly in the areas of production and the distribution. It should allow Eneo to regain its breath from the current year 2021, after a year 2019 characterized by a difficult financial situation, and a year 2020 marked by the seal of the coronavirus.
https://www.investiraucameroun.com/energie/2801-15888-conforte-par-les-paiements-de-l-etat-l-electricien-eneo-leve-100-milliards-de-fcfa-aupres-de-huit-banqu

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