Member Info for haggismchaggis1

And here are those trends I mentioned.

https://ibb.co/0DwQgbf

https://ibb.co/b1zbCyW

Yes a lot of Bed & ISA going on, but some are doing it the daft way by trading the stock themselves. All they need to do is contact their broker or dealing company and ask them to do the move, this way they would get the trades done at an impossibly close spread, much better than what they get from buying and selling in the open market.

Some are trying to be clever by selling and then waiting to see if the price drops before buying back into ISA, but that is very risky and not guaranteed to get the low cost tight spread of getting their broker or dealing company to do it.

Support is still strong at this price as I said a couple of days ago, intraday dips who cares, it's the closing price and consolidation that matters.

Yes, you only need look at the price creeping up for the past 3.5 weeks. In fact it's not just recently that it's been creeping up, as the uptrend has been running since April 2021 at 0.4p.

Last buy 1.2p.

Still 10 bagger potential from here, and some.

Meanwhile those talking out of their colon are having zero effect on the price, and quite rightly so with such baseless garbage.

And 10-12 TCF after 3D results are analysed IMVHO.

And potential to hit oil at the next trap up dip from NT-2 which will be the upcoming CH-1a well.

Also potential for more gas or oil in the Jurassic traps that will be a lot easier to see on the 3D Seismic.

Comparisons of WEN are pointless. We know what the revenues will be at 40, 60 or even 140 mmscfd, we know what that will be worth to AEX, we know what AEX operating costs are and we can therefore calculate an acceptable share price when the profits are confirmed in RNS.

The full listing also makes a big difference to ii investment vs AIM where WEN is listed.

Lithium Exports Projected To Be As Lucrative As Coal In Australia
By Haley Zaremba
Apr 12, 2023, 12:00 PM CDT

The energy storage batteries provided by Tesla, and others like them, are lithium-ion batteries. As Australia - and the rest of the world - increasingly depends on renewable energy, the spread of such batteries will be key to avoid blackouts and other energy supply hiccups. Since solar and wind energy are variable, meaning that their output waxes and wanes according to the weather, time of day, and time of year, it's essential that we are able to store excess energy at peak production to feed back into the grid later to ensure that supply can meet demand.

This means that global demand for lithium is about to go through the roof. For countries with large lithium deposits, there is a whole lot of money to be made.

https://oilprice.com/Metals/Commodities/Lithium-Exports-Projected-To-Be-As-Lucrative-As-Coal-In-Australia.html

OPEC+ Cuts Sent Bullish Bets On Brent Soaring
By Tsvetana Paraskova
Apr 12, 2023, 7:35 AM CDT

Money managers boosted their net bullish bets on Brent Crude by the second-largest amount on record following the surprise announcement from major OPEC+ producers that they would remove more than 1 million barrels per day (bpd) from the market between May and December.

Speculators and traders added as many as 73,000 contracts to the net long position - the difference between bullish and bearish bets - in Brent Crude, the second-highest increase in such bets, per data from ICE Futures Europe cited by Bloomberg.

The biggest-ever jump in net long positions back in 2016 took place after a similar move from OPEC when the cartel announced cuts and the creation of the OPEC+ alliance with Russia and other non-OPEC producers.

The increase in the net long positions in both Brent and the U.S. benchmark WTI was driven not only by fresh longs but also by short covering. Traders were wrong-footed by the latest surprise cuts from OPEC+, which had spent weeks reassuring the markets that the plunge in oil prices, the banking sector turmoil, and the intensified fears of a recession were not reasons to amend the production cuts agreement.

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Cuts-Send-Bullish-Bets-On-Brent-Soaring.html

OPEC+ Cuts Sent Bullish Bets On Brent Soaring
By Tsvetana Paraskova
Apr 12, 2023, 7:35 AM CDT

Money managers boosted their net bullish bets on Brent Crude by the second-largest amount on record following the surprise announcement from major OPEC+ producers that they would remove more than 1 million barrels per day (bpd) from the market between May and December.

Speculators and traders added as many as 73,000 contracts to the net long position - the difference between bullish and bearish bets - in Brent Crude, the second-highest increase in such bets, per data from ICE Futures Europe cited by Bloomberg.

The biggest-ever jump in net long positions back in 2016 took place after a similar move from OPEC when the cartel announced cuts and the creation of the OPEC+ alliance with Russia and other non-OPEC producers.

The increase in the net long positions in both Brent and the U.S. benchmark WTI was driven not only by fresh longs but also by short covering. Traders were wrong-footed by the latest surprise cuts from OPEC+, which had spent weeks reassuring the markets that the plunge in oil prices, the banking sector turmoil, and the intensified fears of a recession were not reasons to amend the production cuts agreement.

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Cuts-Send-Bullish-Bets-On-Brent-Soaring.html

OPEC+ Cuts Sent Bullish Bets On Brent Soaring
By Tsvetana Paraskova
Apr 12, 2023, 7:35 AM CDT

Money managers boosted their net bullish bets on Brent Crude by the second-largest amount on record following the surprise announcement from major OPEC+ producers that they would remove more than 1 million barrels per day (bpd) from the market between May and December.

Speculators and traders added as many as 73,000 contracts to the net long position - the difference between bullish and bearish bets - in Brent Crude, the second-highest increase in such bets, per data from ICE Futures Europe cited by Bloomberg.

The biggest-ever jump in net long positions back in 2016 took place after a similar move from OPEC when the cartel announced cuts and the creation of the OPEC+ alliance with Russia and other non-OPEC producers.

The increase in the net long positions in both Brent and the U.S. benchmark WTI was driven not only by fresh longs but also by short covering. Traders were wrong-footed by the latest surprise cuts from OPEC+, which had spent weeks reassuring the markets that the plunge in oil prices, the banking sector turmoil, and the intensified fears of a recession were not reasons to amend the production cuts agreement.

https://oilprice.com/Latest-Energy-News/World-News/OPEC-Cuts-Send-Bullish-Bets-On-Brent-Soaring.html

Poop is back I see, but thankfully I don't see, thanks to the wonders of the filter option.

Brent Crude $86.98, high $97.12 today.

Look at the 1 year chart. Not far to break out into the $90 to $100 range seen last August to November.

Possibly, but need to wait for the next update or two to see if their forecasts turn into reality, and see how much cash is in the pot then, hopefully it'll be going up instead of down.

The UK invested £23bn in new low carbon investment in 2022 encompassing hydrogen, renewables, carbon capture and storage, nuclear, sustainable materials, energy storage, electrified transport and clean heat.

However to deliver on the UK’s Net Zero ambitions, through the late 2020s and 2030s, an additional £50-60bn capital investment will be required each year, according to the 2023 Green Finance Strategy.

“To decarbonise in 27 years, and meet our environmental objectives as set out in our Environmental Improvement Plan, and deliver energy security, we will require a step-change in levels of investment,” it states.

Specifically with hydrogen, the UK Government has announced a suite of developments aiming to increase deployment of low carbon hydrogen in the UK, as it targets up to 10GW of low carbon hydrogen production capacity by 2030.

https://www.h2-view.com/story/uk-delivers-23bn-in-low-carbon-investment-in-2022/

200MW, that is 1000 S+ 200kW systems, or 20,000 10kW Power Towers, or a great mix of both.

What a load of garbage, as usual.

AFC clearly state that: "As a result of last week's announcement of the successful validation of the Company's "S+" Series fuel cell technology and associated update to commercial arrangements with ABB E-mobility, AFC Energy is working with its auditors to confirm the appropriate accounting and disclosures for the revised agreement within the accounts."

Which means AFC are ASKING the Auditors to tell them what to put in the accounts, they are simple ASKING FOR ADVICE, so this is clearly not a question of the Auditors having any 'issues' with the results, otherwise it would state that the Auditors were asking AFC something, not the other way round.

Try bluffing your way in accounting if you like, but you just fell flat on your face at the first hurdle DUH!!

Interesting thread to read, then filter the con man and leave him and his verbal Diarrhoea out in no mans land on the dark side.

https://www.lse.co.uk/ShareChat.asp?ShareTicker=AFC&share=Afc-Energy&page=4&thread=61272C26-FFB5-407C-842F-2949627DD191

Moneysponge = FILTERED

I really can't be bothered with reading the gobbing off of a loudmouth BS merchant trying to make out they are intelligent, I have far better things to do with my time, so on filter the con man goes, another one I won't have to waste my time reading or replying to.

Smudger,

Can only be boredom. I've had the crook on filter for years, so should everyone else, leave them to talk garbage to their other logins that are also on filter.

"The Ntorya gas-condensate discovery, made in 2012 and operated by Aminex, represents the most immediate commercialisation opportunity in the Ruvuma PSA. The Ntorya-1 (“NT-1”) well was flowed over a 3.5-metre zone at the top of the gross 25-metre gas bearing interval at a maximum gross flow rate of 20.1 mmscfd and 139 bpd of 53 degree API condensate through a 1-inch choke. That well is suspended as a discovery for subsequent additional testing or production."

"Following on from NT-1, it was decided to drill an up-dip well, Ntorya-2 (“NT-2”), at a location approximately 1.5 kilometres east of the discovery well. Drilled in early 2017, the well intersected a gross gas bearing sandstone reservoir interval of 51 metres thickness. A 34-metre interval of the gross reservoir was perforated and flowed dry gas at a stabilised rate of 17 mmscfd through a 40/64-inch choke."

https://www.sciroccoenergy.com/assets/tanzania-assets/

NT-1 - 3.5m of 25m gas bearing
NT-2 - 34m of 51m gas bearing
NT-1 - 1-inch choke (free flowing)
NT-2 - 40/64-inch choke (restricted)

So there is significant potential upside by perforating either or both wells further, and/or going to a 1-inch choke on NT-2.

Also there is the valuable condensate to sell.

These two could easily start at 40mmscfd plus 139 bpd of condensate.

"A well-workover of the Ntorya-1 well ("NT-1"), to enable rapid tie-in to the gas production facilities and bring the well into early production requires the use of a drilling rig and will run after the drilling of CH-1, which we expect later this year."

So as they are doing the workover on NT-1 they could easily up the 3.5m perforated to 10m, 15m, even 20m.

I think the 3D will upgrade Ruvuma to over 10 TCF, possibly as much as 12 TCF.

This theory is based on the fact that the 2D Seismic (as Mike Rego says in his videos) had very wide lines, wasn't the greatest quality (compared to 3D) and was poorly understood, hence the issues found when drilling our wells, what was encountered was not exactly what was expected and the depths were not as expected, well data had to be continually added to the basin model to try and decipher what was seen on the 2D vs what was found in the well, this shows just how difficult the 2D was to interpret. (I was one of those shouting for 3D survey before Ntorya 2 was drilled, and right up to when we finally got it agreed with ARA).

The 3D Seismic however is very close lines of very high quality and shows the 3D shape of targets instead of just a line or two through a 2D section of it, maybe not even hitting it in both directions either. This means much more accurate volume calculations can be done as part of the Supercomputer processing of the data.

Also, the 3D is bound to show up more targets that it was not possible to determine as targets on the 2D, as the target could be mostly between the 2D lines, or just not clear enough.

The 3D could also show up more targets in the Jurassic which could potentially increase the resources significantly if we drill the Jurassic and find Gas there, or even Oil. This would be on top of the 10+ TCF I am thinking we will see.

Nothing wrong with my moral compass, it's working perfectly thanks, and as it happens I'm one of those that bought QFI over 10 years ago and kept buying it because I'm interested in it, even buying another £50k worth since last August, and as indicated by my previous post, now holding tens of millions of shares.

So maybe you should think before you resort to personal abuse and before trying to teach grandma to suck eggs.