Member Info for haggismchaggis1

Last year the AGM was 14 April, so look for it being around then.

Methanol and Ammonia, because it's our FC's.

"Fuel Cell modules: packages are designed to be
expanded in a modular manner to increase power
rating up to the full power back-up. The Fuel Cell energy
source is based on hydrogen, which can be obtained by
reforming and purifying methanol, cracking ammonia
or directly from on-site hydrogen supply."

1MW
https://library.abb.com/d/9AKK108466A5930

And 3MW
https://library.abb.com/d/9AKK108466A5931

TT,

Good to know.

I'm certain we already feature in ABB Data Centres, our systems have been shown in the ABB Data Centre 1MW and 3MW 'Microgrid' brochures for quite a while now, as ABB have been building up serious interest and working it into a sales pipeline ahead of the S Series going commercial.

No need for desperation. No guarantee AFC or any other supplier will get a mention, as these things are about ABB and what ABB supply, not about the companies that supply ABB. So yes to seeing Fuel Cells mentioned, but not much chance of AFC or any other supplier being mentioned. The mention of Ammonia is perhaps the only giveaway that they are referring to AFC's products.

As per that list, there's other sources of low Sulphur Crude.

As per Edison Research:

"As the amount of sulphur in MSAR depends on the composition of the residue, MSAR is potentially available in both high and low sulphur variants."

https://www.edisongroup.com/research/cleaner-fuel-cleaner-planet/30256/

I'd say it's more about availability of that low Sulphur Crude or it's residue.

Lowest Sulphur crude oil sources:

https://www.mckinseyenergyinsights.com/resources/refinery-reference-desk/crude-grades/

Orimulsion 2.7%.

"As with coal or oil, there are a number of trace elements which influence its environmental impact: e.g. sulphur 2.7%, vanadium 300 mg/ kg, nickel 65 mg/kg."

http://researchbriefings.files.parliament.uk/documents/POST-PN-84/POST-PN-84.pdf

It went from my main screen as well, I just hit back on the browser until I got back to it.

From SCIR.

“The Board believes that this general meeting has been called by a small group of shareholders who do not support the sale of the Company’s interest in the Ruvuma Asset and who continue to fight a rear-guard action in an attempt to reverse the disposal, despite such disposal being (a) approved by over 63 per cent. of voting Shareholders at the extraordinary general meeting of the Company on 29 June 2022; and (b) wholly in accord with the Company’s investing policy (the “Investing Policy”) which was approved by 99.6 per cent of voting Shareholders at the Company’s annual general meeting on 9 July 2021.”

“The documentation governing the disposal is legally binding between the Company and ARA Petroleum Tanzania Ltd (“APT”) and once all the conditions precedent have been fulfilled, the disposal of the Ruvuma Asset to APT will complete. There is therefore no legally permissible way for the Company to renege on the disposal to APT.”

https://d1ssu070pg2v9i.cloudfront.net/pex/scirocco/2022/09/15080638/Final-Notice-of-Requisitioned-GM-Scirocco-Energy-plc134800793.5.pdf

Smudger,

Not sure how an ARA announcement could mislead the market for SCIR stock, as SCIR have announced the deal to sell off Ruvuma and told the market that said deal cannot be legally stopped. Thus the market already knows to ignore any updates from ARA or AEX as these are no longer relevant to SCIR.

If some dummy has been sat under a rock for 2 years and buys SCIR stock based on a Ruvuma update, that is their problem, it's not ARA fault, it's not AEX's fault, and it's not SCIR's fault.

https://wiki.aapg.org/Seismic_interpretation#Step_three:_interpretation

SCIR told it's shareholders that the deal could not legally be stopped.

As for the 3D, the interpretation and thus location choice for CH-1 was said to be available mid March. So not a case of waiting for anything.

"The results of the initial 3D seismic processing AND interpretation, to optimise the target location of the CH-1 well at the Cretaceous reservoir level, will be available by mid-March"

Suddenly gone quiet haven't they!!

Not AFC, the crooks that were battering this board every day with negative fiction. But once they had their price to buy back in below 20p they all vanish back down the sewer from whence they came, and will mostly keep quiet until the price hits their sell target, upon which they will all return with the same negative fiction to try and batter the price back down again.

And as if by magic the #1 con man appears. Still filtered though.

Good point runner!

It'll be interesting to see if/when the brokers update the figures to reflect the actual Spod price, rather than what appears to be an average forecast price over the life of the mine, and one that looks very conservative.

BB3,

The fact the leases have been extended past the trial periods says there's nothing to change.

RJ,

We do indeed know.

I've held AEX for over a decade, accumulated more and more, including almost 3 million late last year, and never sold any in all the time I've held.

I am here as a shareholder of a UK listed company, as someone that has a great interest in what is happening at that company, and to speculate on what 'might' happen based on the facts to hand.

I have no interest in listening to garbage from con men or short term traders that know nothing of any value to investors, but make up loads of fiction to try and swing the share price in favour of their position, posting blatant lies and disinformation for attempted market manipulation, which is market abuse.

That is why I filtered the well known con men on here.

Nothing to do with Piedmont, he worked for Tesla and got the inside info from Tesla not from Piedmont.

Blah .... Blah ..... Blah.

The 78p is based on Spod at less than a third of it's current price.

DFS and ML in the next 3 months, then the brokers will up their targets, possibly to align with the over 3x Spod price.

It will sail right past 78p.

Thanks! They have scheduled several of these meetings, some coincide with the deadlines for the Tomco deal, so must be to do with that. Renaming to Ecotech Energy ASA suggests it too, and divesting all other business too.

From the previous meeting that was scheduled for 28 November:

The acquisition of Valkor Environmental LLC
Araca Energy has signed a share purchase agreement to acquire Valkor Environmental LLC (“Valkor”). Valkor owns 6 parcels in Unitah County in Utah, a license to extract oil as well as a license to use the extraction technology of Petroteq Energy Inc. Valkor has 2P reserves corresponding to approx. 121 million BOE. The company is currently owned by Global Commodities Business Partners Ltd ("GCBP") and after the acquisition, GCBP will be the company's largest shareholder. The purchase price is set at NOK 2,624,964,120 and will be settled with new shares in Araca. The shares are issued at NOK 90 per share each with a face value of NOK 20, after the reverse split, which values the equity in Araca to NOK 100,495,080.

The divestment of assets
Araca Energy has signed an agreement to divest its shares in Aladdin Oil & Gas (Cyprus) Ltd, Culebra Holding Ltd, Larchbay Traders & Consultants Ltd and Select Investment Ltd and is proposing to the General Meeting to approve the divestment.

Election of a new Board of Directors
It is proposed that Mr. Raymond Gerald ("Jerry") Bailey be proposed as Chairman of the Board. Bailey has over 50 years of experience from the oil and gas industry, including as former President of Exxon, Arabian Gulf and CEO of Petroteq Energy.

Change of name
It is proposed that following the approval of the acquisition of Valkor, the company will change its name to Ecotech Energy ASA.

https://araca.no/news/details/summons-convening-an-annual-general-meeting-on-the-28th-of-november-2022