Member Info for haggismchaggis1

Potential Newsflow List ahead of the Half Year Report:

CE Mark approval of the Power Tower.

Keltbray Power Tower deployment, expected to be in London, will a 'showcase of how the construction industry can decarbonise sites today' so loads of people from the construction industry and plant hire businesses will be invited to see it in use. This will be revenue generating for AFC via equipment lease and Hydrogen supply. By end of June, so could easily be planned for delivery prior to the Half Year Report.

Altaaqa "progressing well on negotiations with Altaaqa for a dealership agreement across the Saudi and MENA regions". The Power Tower must be of interest to Altaaqa (on top of L and S Series) for their region, so hopefully we will see a distribution agreement signed off soon.

Mace could take a Power Tower, or several. "Work has also been continuing constructively with MACE with the two companies undertaking several work programmes since March, including engagement with regulatory bodies, multiple site measurement and assessments of power needs (considering variable power loads from cranes) in advance of system deployment in 2022."

ACCIONA to Deploy First Hybrid Fuel Cell System in Spain. Back on 1 March "FC Energy is currently building the first HFC system in the UK where it expects to be factory commissioned before being shipped to Spain." so this could also be planned for delivery prior to the Half Year Report.

And as per the RNS of 24 March "Power Towers to be deployed to both ACCIONA and Keltbray for operation by the middle of this year".

Obviously not AFC as we've not shipped a 100kW to them yet, but I guess you know that full well.

It won't be running on CHEAP Ammonia or Methanol, that is the real point you should absorb.

In the immortal words of Sgt Major Shut Up, "oh dear, how sad, never mind!"

"Australia’s biggest coal plant can’t get enough coal, as fossil fuel disaster accelerates"

https://reneweconomy.com.au/origin-warns-of-coal-supply-shortages-high-prices-to-continue

Damo,

I take it you are referring to the exclusive deal Osprey signed with UAP.

In return, are you aware that the demo AFC did with UAP involved connecting Osprey EV Chargers to the AFC Fuel Cell system?

https://ospreycharging.co.uk/urban-air-port-powers-up/

AFC FC systems can be run on 100% renewables (Green Hydrogen, Green Ammonia).

Urban Air Port core design is to be off-grid, with no need for any grid infrastructure, which is easy to do with AFC Fuel Cells. This allows UAP to build Ports rapidly, as there's no long lead times for grid power provisioning, no need for any substations either, and UAP can simply take down and move the whole Port very easily if they decide to relocate it.

The naysayers always claim Rolec had a problem with AFC, but they still have their agreement, and they also buy rapid chargers from ABB, so there is no way anyone can say that Rolec are no longer an AFC client

It's quite possible that Rolec suggested ABB to AFC, as Rolec do not build the big rapid chargers that ABB are integrating AFC systems into.

From an AFC perspective, we went from a UK EV Charger supplier than mostly covered home chargers, and a smaller number of business or public rapid chargers, to a global rapid EV Charger manufacturer.

Ignore the naysayers, for they know nothing.

Southerhay, no, it wasn't directed at you.

“Then we wanted off-grid hydrogen-power, so had to work with local authorities and services to achieve this.”

https://evtolinsights.com/2022/05/ricky-sandhu-interview-part-1/

“The ground infrastructure needs to encompass how people travel to an ‘Air One’, the mode of transport required, the best use of hydrogen fuel cells and electric power. The Coventry event was just a tip of the iceberg. There is so much more to come.”

https://evtolinsights.com/2022/05/urban-air-ports-ricky-sandhu-provides-a-detailed-review-of-air-ones-public-event-part-2/

We do know what's going on, we have been told in RNS after RNS. Anyone claiming not to know what's going on, they need to read the RNS or stop trying to fool people with subtle deramping. We will also be told AGAIN what is going on when the Half Year Report and General Meeting happen around 24 June. Anyone not willing to wait for that, just take your money and P off somewhere else, because AFC doesn't need your money, and it definitely doesn't need your whinging about not having an RNS update every day.

Well isn't that a coincidence? Almost the same date that a Half Year Report would be expected. So I still expect said report on 23rd or now possibly 24th. And I think good news prior to it is even more likely now there's a vote to secure.

"a General Meeting to be held on 24 June 2022"

As I said on Sunday....

The Half Year Report 2021 was released on 23 June. That was the 4th Wednesday of June.

There are now only 25 working days to 23 June 2022.

There are now only 24 Working days to the 4th Wednesday of June 2022.

AFC have been very quiet since 28 April which makes me suspicious that material news could appear between now and the Half Year Report, as there is obviously a lot going on in the background on all fronts (R&D, Sales, partnerships, manufacturing and distribution, etc).

The longer you go without AFC releasing news, the higher the chances of news appearing (because they cannot go forever without releasing news). It's a simple law of probability.

Going by the stats, AFC has in the past two Years had a max of 1 month and a couple of days where it didn't produce news, which happened 3 or 4 times. We have just passed 1 Month and next week will be into the couple of days past that, so for me the clock is ticking and we should not go much longer without news.

CB,

I agree. A sweetener would get this through no trouble. Loads of possibilities to sign things off between now and the general meeting.

"and to take account of market-related adjustments"

The higher salaries being paid in the market for Directors of high calibre that are suitable for listed companies such as AFC?

Oh look, NEWS!!!

Good news too IMVHO, as adding another Director shows that there is a lot going on behind the scenes.

And AFC wouldn't be doing the following unless the future looked rosy:

"As the Company continues to grow and develop, the Board believes it is an appropriate time to recruit a further non-executive director whose skills complement those of the existing Board. The current Board brings experience in the commercial, technical and financial spheres but the Board believes there is merit in adding a non-executive director with skills in organisational development."

Thus PROVING once and for all that many on here such as DW etc are completely out of touch with Director and CEO salaries for listed companies in AFC's position!!

"Balancing the fees paid to non-executive directors to align with the current market for similarly sized companies, following a review of the market prompted by the Company's recent experience of recruiting a new non-executive director and a chairman."

"The Articles of Association currently cap the aggregate non-executive director fees at GBP150,000 per annum and it has become clear that this cap puts a limit on the Company's ability to pay an appropriate, market-competitive level of fees to the non-executive directors."

The salaries are backed by market research, not DW and others "they get paid more than me, that can't be right" based garbage.

It's surely 99.999% more likely to be good news.

The Half Year Report 2021 was released on 23 June. That was the 4th Wednesday of June.

There are now only 25 working days to 23 June 2022.

There are now only 24 Working days to the 4th Wednesday of June 2022.

AFC have been very quiet since 28 April which makes me suspicious that material news could appear between now and the Half Year Report, as there is obviously a lot going on in the background on all fronts (R&D, Sales, partnerships, manufacturing and distribution, etc).

The longer you go without AFC releasing news, the higher the chances of news appearing (because they cannot go forever without releasing news). It's a simple law of probability.

Going by the stats, AFC has in the past two Years had a max of 1 month and a couple of days where it didn't produce news, which happened 3 or 4 times. We have just passed 1 Month and next week will be into the couple of days past that, so for me the clock is ticking and we should not go much longer without news.

The Half Year Report 2021 was released on 23 June. That was the 4th Wednesday of June.

There are now only 25 working days to 23 June 2022.

There are now only 24 Working days to the 4th Wednesday of June 2022.

AFC have been very quiet since 28 April which makes me suspicious that material news could appear between now and the Half Year Report, as there is obviously a lot going on in the background on all fronts (R&D, Sales, partnerships, manufacturing and distribution, etc).

The longer you go without AFC releasing news, the higher the chances of news appearing (because they cannot go forever without releasing news). It's a simple law of probability.

Going by the stats, AFC has in the past two Years had a max of 1 month and a couple of days where it didn't produce news, which happened 3 or 4 times. We have just passed 1 Month and next week will be into the couple of days past that, so for me the clock is ticking and we should not go much longer without news.

Edmund King, AA president, said: “Drivers shouldn’t get hung up about range anxiety because it doesn’t match reality".

https://www.current-news.co.uk/news/range-anxiety-doesnt-match-reality-as-out-of-charge-evs-needing-rescuing-halves-aa-finds

Many stats in that article prove that many on here and elsewhere just parrot the garbage oil companies propaganda from a decade ago. The facts show a completely different picture.

Crusty doing his usual I see LOL!!

I suggest what MIGHT be possible, IF the wells produce at a higher rate than anticipated back in 2017. AEX and Crusty can't possibly KNOW that rate until the wells are drilled and tested, but yet again Crusty makes another baseless claim that higher production IS NOT POSSIBLE without more wells, which is clearly RUBBISH.

And to add to my case for higher gas production from the existing planned wells, the high estimate, clearly shown on slide 9 of the AGM presentation, and for his usual reasons Crusty chooses to ignore, is 250MMcf/d.

And to add to that is the GIIP in the Jurassic, which will be targeted by the same wells. Thus gas could be produced from BOTH zones at the same time, possibly doubling production.

Slide 9, "Farm Out to APT designed to fully carry Aminex for the entire “Best Case” development scenario identified in 2017 io commercialisation report (gross production rate: 140 MMcfd; gross cumulative production: 777 BCF; gross total spend $143 MM)"

Slide 9, under the production forecast table "140 MMcf/d based on 2017 io commercialisation report (P50 Full field development)".

Slide 11, in Sept 2017 the Mean GIIP was 1.344 BCF, but in May 2021 it had risen to 8.236 BCF

So the cumulative production should be a lot higher than 777 BCF, as the GIIP has gone up 6.13x.

777 x 6.13 = 4,763 BCF cumulative production

There is clearly huge scope in that to produce gas at a much higher rate.

140 x 6.3 = 883 MMcf/d (25% to Aminex). That would be a huge income if they decide to produce the gas at that rate.

And on top of that we are waiting on the 3D Seismic results that could meaningfully increase the GIIP, especially from the Jurassic. And the billions of barrels of oil are still out there somewhere, waiting to be found (Mike Rego).

It's going to get very interesting later this year!

The 'end of 2024' suggests they will target the pipeline completion to coincide with the completion of several other wells drilled through 2023 and 2024.

However, with the clear urgency in Tanz for hugely increased gas supply, so long as CH-1 (A or B or both) hit gas with really good flow rates, then I would not be surprised to see the Tanz Gov't pay the Chinese company that built the big pipeline (remarkably quickly for Tanz!) to fast track the pipeline to CH-1, just to get that gas into the grid ASAP, and then add on new wells as and when they are drilled.