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JB,
A load of people have been waiting years for a Jaguar EV saloon, me included.
30 September 2022 (VERY interesting!!)
The Kiliwani South CGU, located within the Kiliwani North Development Licence acreage, was previously identified as a potential lead. The Kiliwani South prospect was estimated by management to contain a mean 57 BCF un-risked GIIP and the prospect has been reviewed by RPS in their February 2018 CPR.
During 2021, the Group proposed no work programme and allocated no budget towards the future development of the Kiliwani South CGU. This was due to no agreement reached with the Ministry of Energy on the work commitments over the Nyuni Area PSA and the delay to agreeing commercial terms on the Kiliwani North Development Licence. The Group previously considered any future drilling on the Licence would be dependent upon improved seismic resolution of the target structures that would result from the acquisition and interpretation of a 3D seismic survey, which would only be economic if conducted over both the KNDL and immediately adjacent areas within the Nyuni Area PSA. In line with the requirements of IFRS 6 this is an indicator of impairment. During the period, the Group reached an agreement with Pan African Energy Tanzania ("PAET") to utilise their 3D seismic campaign over the adjacent producing Songo Songo field to receive approximately 12.5km² of valuable new high-resolution 3D coverage over the Kiliwani North Development Licence ("KNDL"), at no cost to the Kiliwani North joint venture. The data to be acquired over KNDL will be valuable in identifying fault trends, improving reservoir definition and improving the understanding of the Kiliwani North and South structures. Post period, PAET confirmed that it was targeting completion of the acquisition programme before year end. Notwithstanding this progress, the Directors concluded that the carrying value of the Kiliwani South asset should be fully impaired. Any reversal of the impairment would be dependent on an established development programme for the area, including a seismic and drilling programme where an assessment of the carrying value of the CGU would be reviewed.
From AEX RNS's.
8 August 2022
Aminex is pleased to note that Orca Energy Group Inc. ("Orca") has recently announced that the 3D seismic acquisition programme, covering a total area of 200 km2 to include the adjacent Songo Songo Licence with a ca. 12.5 km2 incursion into the Kiliwani North Development Licence ("KNDL"), has been awarded to African Geophysical Services LLP ("AGS"). Having now received all environmental approvals, Orca is targeting completion of the acquisition programme before year end to align with the optimum weather window and assure highest quality data acquisition. Whist the survey has been designed to better image the structural complexities of Orca's Songo Songo gas-field, the data to be acquired over KNDL, at zero cost to the KNDL partners, will be valuable in identifying fault trends, improving reservoir definition and improving our understanding of the Kiliwani North and South structures.
Charles Santos, Executive Chairman of Aminex commented :
"We are pleased with Orca's announcement of their seismic contract award and timeframe for the acquisition of their 3D survey. The incursion into the KNDL should provide valuable data to improve structural mapping and refine the prospectivity of the Kiliwani North and South structures"
30 September 2022
As reported earlier, Orca Energy Group Inc., via its subsidiary PanAfrican Energy Tanzania ("PAET"), will acquire some 12.5 km2 of new 3D seismic data over part of the KNDL that borders the Songo Songo field to the west as part of their planned full-field survey. PAET has awarded its seismic contract and the 3D survey is expected to be completed by the end of this year, at no cost to the Company. The incursion into the KNDL should provide valuable data to improve structural mapping and refine the prospectivity of the Kiliwani North and South structures, allowing the Company to determine more effectively potential new drill and infill drill opportunities.
The Company will pursue farm-in partners to fund and operate the asset once our assessment of the 3D survey is complete. Notwithstanding the delays caused by late payment for gas, the outstanding commercial terms to be agreed upon, and the move to a non-operator strategy, the Kiliwani North and Kiliwani South assets remain fully impaired.
How's that for facts and evidence? They are my specialist subject after all.
ABB in the background again. IKEA are another ABB client that may need the off-grid AFC+ABB EV Chargers later on. And Mer has plenty of other big clients such as ASDA, Arriva, FedEx, Ineos, Milk&More, etc.
IKEA invests £4.5 million in one of the biggest EV charging infrastructure projects for last mile fleet in the UK and Ireland
Almost 200 chargers will provide charging points for new electric vehicles owned by IKEA, and those used by IKEA’s delivery partners, to support emission-free deliveries to customers.
The investment is in partnership with Mer, owned by Statkraft, Europe’s largest renewable energy producer, and will be one of the biggest EV charging infrastructure projects for last mile fleet in the UK.
This will be one of the biggest EV charging infrastructure projects for last mile fleets in the UK and will see IKEA install 196 chargers, of which 53 will be rapid, providing full charge on vehicles in under an hour.
This move is fundamental in allowing IKEA to continue expanding the electric vehicle fleets being used to deliver to customers’ homes, with the ambition to reach over 500 by 2025, with the charging points will be used by both IKEA and partner electric vehicles.
https://www.politicshome.com/members/article/ikea-invests-45-million-one-biggest-ev-charging-infrastructure-projects-last-mile-fleet-uk-ireland
Mer’s DC Rapid Charger is from ABB as per this page:
https://uk.mer.eco/charging-solutions/businesses/#products
And the image of it is named :
https://uk.mer.eco/wp-content/uploads/sites/9/2022/11/ABB-DC-Rapid-EV-Charger-768x512-1.jpeg
DWBSLIESGARBAGECROOK
Yes, we can all make up thread titles that nobody gives a toss about. Mine is spot on though.
Looks like the DW gang have been on the sherry as now posting even more gibberish than their usual garbage.
Yes, baseless garbage, just like your post. Brown nose Salinger all you like, it makes no difference to me, as I've seen how other people describe Salinger, so if you are happy with that then off you go, on filter.
The paid bashers are getting lazy, not up posting garbage at 07:00:01 today, their paymaster will be disappointed and dock their pay. Maybe they'll have to post twice as much garbage today to placate him.
Lutra,
My reply was in reply to Mucksy's post, so I suggest reading that post to get mine in context.
Crazy,
Correct!
They have now corrected it to say:
"Responsible for building light rail systems in Melbourne & Quito, Ecuador, the Spanish multinational sees the Surrey firm’s solution as a step towards replacing its fleet of diesel-based generators, with ratings ranging from 30 kVA to 80 kVA."
Good on them for fixing it.
Klunk,
I saw that and noticed they read the RNS wrong.
They say "replacing its fleet of 30 diesel-based generators, each rated at 80 kVA"
The RNS says "fleet of 30 - 80 kVA diesel generators."
Another one that needs to learn how to read!!
gr1bbler,
Oh there's plenty of posters with massive chips on both shoulders. Glad I just use the filter option so never see their posts, which they know full well, but still troll me to try and attack my credibility with baseless nonsense. My posts speak for themselves in attempting to provide interesting and possibly even useful information, people can do what they will with the info, or just filter me if they find it is not what they want to read, or they can stew in their own pointless anger if they like.
Not sure how anyone can claim that Acciona WILL do something, when it is in the future, not announced as such, and therefore an unknown??
Note that my views always include the caveats, 'if', 'could', 'maybe', 'possibly', 'should' etc etc.
Acciona 'could' go 100% AFC, it IS a 'possibility' as it is an unknown quantity until they announce their plans or place orders.
One reason they 'could' go 100% AFC is because AFC can use Methanol in it's S Series and Acciona 'might' decide (or 'maybe' already have) that they want to go with Green Methanol on all their sites in the future.
Another reason Acciona 'could' go 100% AFC is because AFC systems can take dirt cheap dirty Hydrogen, saving them a lot in OPEX over competing systems.
Another reason Acciona 'could' go 100% AFC is to go with ONE technology platform. No need to deal with different technologies from different OEM's which greatly simplifies the supply chain and operation of the equipment by Acciona staff.
Another reason Acciona 'could' go 100% AFC is to only have one OEM to deal with for it's generator fleet. So for example if Acciona had 5 AFC Generators on site, the same engineer can check/service all 5 in the same visit, no need to coordinate multiple engineers.
Nobody KNOWS what Acciona WILL chose to do, but there are plenty of reasons why Acciona COULD go 100% AFC.
On the new Satellite image it looks like a load of stuff has appeared on deck since the previous clear image, and the cranes have swung away from it. Could be some cloud obscuring the view a bit on the earlier shot but is says cloud cover zero on both days.
16/04/2023
https://shorturl.at/mH125
18/04/2023
https://shorturl.at/stXY9
The C65's were installed 2 months ago (advised around 16 Feb by the looks of it), so maybe they are by now running full pelt.
https://twitter.com/Share_Talk/status/1626875703357579265?lang=en
Fyoz,
Thanks!
I applaud your ability to read and understand what someone has written, where others either just skim read and ignore the caveats I ALWAYS put in my posts, or try to make out those caveats are not there, just so they can point the finger at me and shout "ramper" or "liar" when that is clearly not the case.
Just a reminder of where we are:
"30 March 2023"
"the Board seeks to finalise due diligence and documentation"
"Accordingly, Greenfield may now exercise the Option, at its sole discretion, by delivering a notice of exercise on or before 30 April 2023 and making payment of the US$16.25 million cash consideration by no later than 5 May 2023"
6 April 2023
"Discussions with potential funding partners for the requisite plant construction and supporting development costs are now at an advanced stage, subject to the Group's due diligence being satisfactorily completed."
So on 30 March it was "due diligence and documentation", then on 6 April it was "due diligence" and "advanced stage", suggesting the documentation had been completed, leaving just the DD to complete.
Can't be long now (as we keep on saying LOL!).
Col.Flashman,
Not sure why AFC would be looking for more factory space already, unless they see total near term orders exceeding 200 Megawatts?
2020 News:
"AFC Energy secures long-term lease over "world-class assembly facility""
"AFC said growth potential exists for the facility to assemble up to 200 megawatts (MW) per annum of H-Power systems when the company releases its new high-density alkaline fuel cell system, which is expected towards the end of 2022 or early in 2023."
https://www.proactiveinvestors.co.uk/companies/news/934624/afc-energy-secures-long-term-lease-over--world-class-assembly-facility--934624.html
The '100 hydrogen generator systems per annum" was based on the huge L Series. But now we have the compact S and S+ Series, and a huge number of staff, they should be at or near that 200 Megawatts production capacity, short of installing any more production lines.
200 Megawatts is 1000 of the 200kW systems, or 2000 of the 100kW systems, or 6,666 of the 45 kVA systems, or 20,000 of the 10kW Power Towers, or a large number of mixed systems.
I can't see AFC having to go looking for more manufacturing space just yet, and if they did then I'd expect them to look further afield like Middle East, Far East, USA, etc.
Goatlegs,
Miguel Paris Torres, Head of Area at ACCIONA's Construction R&D Centre, said:
"The system's modularity, scalability and compactness make this an ideal platform to displace diesel generators from our construction sites in the near term, helping us to achieve our decarbonization target for our construction activities"
The phrase he uses, 'displace diesel generators from our construction sites in the near term' says a complete removal of Diesel Gensets in the 'near term', which means no hanging on to any Diesel Gensets until they wear out, get them out and get our in.