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Minnowtech @minnowtech· 22 Apr
"The BRS-1 Live Launch Event is happening now! Join us at the link below and see how the BRS-1 can change the way you farm.
hxxps://buff.ly/3xDveV2
#MinnowtechFakeLivestream @shrimp #aquaculture "

Minnowtech @minnowtech· 22 Apr
"Thanks everyone for tuning into the livestream tonight! We had such great questions from across the globe. We will share a recording of the entire livestream soon! #MinnowtechFakeLivestream @shrimp #aquaculture "

https://twitter.com/minnowtech?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Looks likes Minnowtech's launch of its biomass reader for shrimp aquaculture has gone very well, with great global interest.

As is to be expected: as the world's the first-ever subsurface biomass reader for shrimp aquaculture farming, it will fulfil a large and pressing need in this huge industry.

Aquaculture is the fastest growing form of food production in the world, and the shrimp industry seems to be growing particularly strongly:

"Global shrimp production sees significant growth in 2021
by Rob Fletcher
17 November 2021, at 6:21pm
Global shrimp production levels in 2021 are set to be at least 8.9 percent higher than they were in 2020, while growth of over 5 percent is forecast for 2022 – painting a very positive story for the shrimp farming sector. ..."
https://thefishsite.com/articles/global-shrimp-production-sees-significant-growth-in-2021-gorjan-nikolik-rabobank

"Global shrimp production to surpass 5 million MT in 2022, CP Foods' Robin McIntosh predicts
By Chris Chase
January 20, 2022
Global shrimp production has continued to trend upward, with a panel of experts at the National Fisheries Institute’s Global Seafood Market Conference predicting that global shrimp production will exceed 5 million metric tons (MT) in 2022.
Current predictions put the production at 5.011 million MT in 2022, a significant increase over the 4.569 million MT grown in 2021, which itself was an increase over the 4.086 million MT produced in 2020. Globally, shrimp production has seen a tremendous upswing – in 2015, global shrimp production didn’t even reach 3 million MT. ..."
https://www.seafoodsource.com/news/supply-trade/expert-predicts-global-shrimp-production-will-exceed-5-million-metric-tons-for-first-time-in-2022

At current shrimp prices, that would have a value of about US$9 billion p.a.

If Minnowtech can capture even 1% of this value, then that could give it US$90M. p.a. in revenue.

Nonlungu,

That article yesterday isn't a new position statement from China: its just a new, poorly-worded, third party comment on China's statement last September to the UN.

That statement to the UN was about China no longer funding new coal-fired power stations abroad, which this new article has referred to as overseas coal plants!

GCM's Phulbari project could provide coal for Bangladeshi coal-fired power stations that have ALREADY been built or are underway, so no new coal-fired power stations would be required for this project.

Which means that there's no reason to think that China wouldn't fund this project: especially as it is now a combined coal-solar project.

25th Mar 2022 7:00 am RNS Interim Results 6 months ended 31 December 2021

" ... · World energy crisis that commenced in 2020;

· Chinese President Xi Jinping delivered a pre-recorded address to the United Nations General Assembly on 22 September 2021 where he stated China would step up efforts to assist Developing Countries access "green" and "low carbon" energy, and that China would not build new coal-fired power projects abroad. The actual ramifications of these statements are yet to be realised, given that China itself has stated coal power remains in its energy/power mix and that the long-term strategy is energy efficiency (more power for less coal) and a pursuit of "Net Zero Carbon Emissions" also involves carbon off-setting.

· World energy crisis now exacerbated by turmoil unfolding in Eastern Europe and timeframe for energy and power markets to return to normality appear to be extensively protracted;

· Supply chains are under enormous pressure and international shipping freight rates are skyrocketing;

· In response to the above, countries are trending towards developing internal natural energy resources to enhance energy security and control costs;

· Bangladesh's gas reserves have depleted and the country appears to be exposed to the growing uncertainties and risks of supply and costs in the highly competitive world energy market. ..."

https://www.lse.co.uk/rns/GCM/interim-results-6-months-ended-31-december-2021-lt2m0x7blwadi4o.html

JUNE 10, 2021

Turning research into commerce

Engineering alumnus recognized for 'first-of-its-kind' AI water testing tech for fish farming

By Brian Caldwell
Faculty of Engineering

An alumnus of Waterloo Engineering who parlayed his graduate research into a startup company that is out to solve worldwide water problems has been recognized by a national innovation organization.

Jason Deglint, a co-founder of Blue Lion Labs, is one of five winners of a Mitacs Entrepreneur Award for turning research into businesses that impact the lives of Canadians.

The honour in the global impact category comes a month after Blue Lion, which was launched in 2018, teamed up with a leading marine technology company in the United Kingdom to develop an imaging system to warn fish farmers of harmful plankton and algae blooms.

OTAQ announced it is investing $300,000 for an approximate 10-per-cent stake in the Waterloo-based company. The partners are aiming to commercialize the technology within the next 18 months.

Deglint (MASc ’16, systems design engineering, PhD ’19, systems design engineering) was described by Mitacs, a non-profit organization backed by federal and provincial governments, as “an up-and-coming entrepreneur” who is advancing “first-of-its-kind technology.”

The system based on his doctoral research combines artificial intelligence (AI) software with a custom digital microscope to automatically detect harmful algae in water.

Current testing methods rely primarily on analysis of water samples at off-site labs and results can take up to a week to obtain.

The technology being developed by Deglint and Blue Lion co-founder Katie Thomas, who has a doctorate in biology from the University of Waterloo, would yield results in minutes and effectively function as an early warning system.

Current testing 'prone to human error'
“Essentially, if fish farms want to know what types of organisms are in their water today, the sample ends up on a slide with a human looking at it,” Deglint said in a media release. “It’s a tedious, time-consuming task that’s prone to human error.”

A growing industry, aquaculture represents about a third of the total fisheries value in Canada. Harmful algae blooms are a major source of damage and losses.

Deglint, who worked at Waterloo Engineering as a Mitacs postdoctoral researcher, accepted his award during an online ceremony today.

“Supporting innovation is essential to help Canada rebound from the repercussions of the global pandemic, and Mitacs is extremely proud of the remarkable accomplishments achieved by our network of talented entrepreneurs,” John Hepburn, the CEO and scientific director of Mitacs, said in the release.

https://uwaterloo.ca/news/engineering-entrepreneurship/turning-research-commerce#first%20#AI%20#artificialintelligence%20#fish%20#fishfarms%20#uwaterloo%20#GEDIx

World food production and supply is facing some huge challenges: a growing world population, climate change, and more recently the COVID-19 pandemic and the Ukraine-Russia war.

Aquaculture can play a vital role in helping to meet these challenges, and is crying out for new technologies to help its growth and efficiency:

"Big data and artificial intelligence in the fish industry

New methods reduce costs and increase efficiency

From a global perspective the fish industry has lagged far behind most other industries with regard to the introduction of information technologies. In neither the fishing nor the aquaculture sector have these advanced technologies made sufficient headway so far. Over the past few years, however, a race has begun to catch up and improve the state of the seas and the sustainability of human activities in these important areas. ..."

http://eurofishmagazine.com/sections/technology/item/625-big-data-and-artificial-intelligence-in-the-fish-industry

So OTAQ is at the forefront of a hugely exciting market opportunity.

With its successful Sealfence acoustic deterrent device set to be complemented by two other major technologies:

1. Biomass Measurement.
Marine farming demands a real-time and accurate method of measuring average weight and total in-cage biomass.
OTAQ has developed its shrimp biomass measurement technology through its strategic partnership with Minnowtech, which is now commencing commercialisation.

2. Plankton Detection.
Phytoplankton, or "algal bloom", is a major disease challenge for the aquaculture industry generally and it is estimated the global aquaculture industry suffers $3.4 billion in damage and losses annually due to organisms such as algal blooms and harmful phytoplankton. Early detection of this problem should allow farmers to deploy their defence systems early enough to markedly reduce the losses and improve overall fish welfare.
OTAQ has accelerated the development of its phytoplankton early warning detection technology through a collaboration with Blue Lion Labs in Canada, and expects to be able to demonstrate its effectiveness in the first half of 2022.

OTAQ has strategic shareholdings in both Minnowtech and Blue Lion Labs, and in the future both could potentially become part of the OTAQ group, to complement it organic growth.

OTAQ non executive director Malcolm Pye built up Benchmark (BMK) from its initial start-up into a major international aquaculture technology business, serving the global salmon, shrimp, tilapia and farmed fish industries.

BMK's current market cap., at 48.6p, is £342.12M.
Which is nearly fifty time larger than OTAQ's current market cap., at 18.7p: £7.05M.

Minnowtech to Introduce First-Ever Biomass Reader for Shrimp in Special Product Launch Digital Event, April 21

Minnowtech’s BRS-1 will be unveiled as part of a launch initiative to invite a select group of industry aquaculture partners to join a special six-month product trial

April 5, 2022, Kekaha, HI – Minnowtech, an aquaculture technology company that enables shrimp farmers to calculate shrimp abundance for optimizing feed and harvest, will host a special digital event, April 21, to introduce the BRS-1, the first-ever subsurface biomass reader for shrimp aquaculture farming.

Until now, shrimp farmers had almost no way of determining how many shrimp were actually in their pond.

With the BRS-1’s groundbreaking subsurface technology, shrimp farmers now can determine the total count and biomass of their shrimp with 95% accuracy, allowing them to rest easy knowing their investment is safe and optimize their harvests and profits.

With shrimp a growing, vital source of protein worldwide, the BRS-1 provides farmers, for the first time, a tech-enabled way to meet global shrimp demand while optimizing their individual livelihoods and fueling local economies.

As part of the BRS-1’s launch event, Minnowtech will introduce its Trial Partnership Program in which Minnowtech’s team will invite and select a limited group of partner organizations to participate in a six-month trial of the BRS-1 biomass reader for shrimp.

Media are invited to attend the live streamed launch event

What: Minnowtech’s Launch Event to Introduce the BRS-1 Shrimp Biomass Reader

When: Thursday, April 21, 2022, 9:00pm ET

Virtual Event Registration: hxxps://minnowtech.com/register

About Minnowtech:
Minnowtech is an aquaculture technology company, founded in Baltimore, MD and with operations in Hawaii, that enables shrimp farmers to measure shrimp biomass with precision. Using Minnowtech’s sonar-based system, shrimp farmers optimize the health and growth of their animals, enhancing harvest of market-size shrimp while minimizing risks to juvenile shrimp. Learn more: www.minnowtech.com

https://minnowtech.com/minnowtech-to-introduce-first-ever-biomass-reader-for-shrimp-in-special-product-launch-digital-event-april-21/

Recent Share Trades for Otaq. (OTAQ)
Date Time Trade Prc Volume Buy/Sell Bid Ask Value
14-Apr-22 16:35:11 18.70 1 Sell* 19.00 20.00 0.19 UT
14-Apr-22 16:15:45 20.00 10,000 Buy* 19.00 20.00 2,000 O
14-Apr-22 15:50:40 19.85 4,500 Buy* 19.00 20.00 893.25 O
14-Apr-22 14:50:59 18.50 8,000 Sell* 20.00 21.00 1,480 O

"Journal of Banking & Finance
Volume 75, February 2017, Pages 109-117

1-share orders and trades

Ryan L. Davis a, Brian S. Roseman b, Bonnie F. Van Ness c, Robert Van Ness c

Abstract

1-share trades are the most common odd lot trade size, accounting for 9.62% of all odd lot transactions and 3.65% of all trades on NASDAQ in 2012. While 50.41% of 1-share trades result from broken orders, 34.89% of 1-share trades are intentional. We provide substantial evidence that traders use 1-share trades to “ping” for hidden liquidity. In particular, our results indicate that 1-share trades are disproportionately aggressive and also execute against hidden liquidity more than any other odd lot trade size. We also find a relative increase in trading immediately following a 1-share trade. Our results are in line with Clark-Joseph (2014), who suggests that traders may use small, unprofitable trades to detect information from other traders. Specifically, 1-share trades represent the minimum cash outlay necessary to trade, while simultaneously producing the smallest possible effects on a market maker's inventory, and in turn, a security's price."

https://www.sciencedirect.com/science/article/abs/pii/S0378426616302035

From the Financial Spread Betting Ltd. website:

"Q. When you see a trade go through for say 12 shares or even 1 share, what is that all about?
Surely it can't be a personal investor, is it some sort of balancing act?"

"A: Say there are 1,100 shares available to buy on the order book. Someone buys 1,080 leaving 20 shares there on the book. The next buyer may buy 2,000 shares but the 20 shares left on the book go through as a separate buy even though the buy was for much more. In the US you actually see these separate buys on your contract note so a purchase of 200 DELL might show as 2 80s and a 40 making up the 200 that you have bought.

Also, not a lot of people know this and there is a reason why, its pretty useless information but...Crest, Bloomberg, UBS, RBS, etc. anyway, most brokers, clearers, settlement banks, data people, all buy 1 share in almost every listed company so that they automatically receive and are entitled to any corporate information. It may not be the reason for any specific purchase or sale but its one of the reasons a buy/sell of 1 share."

16th Mar 2022 7:13 am RNS Proposed Farm-In

"London, 16 March 2022 - Pennpetro, an independent oil and gas company focusing on production in the Gonzales Oil Field in Texas, USA, today announces that, through its wholly owned subsidiary enterprise Nobel Petroleum USA Inc ("NPUSA"), the Group has signed a heads of terms ("HoT") agreement with Upland Resources Limited ("Upland") for a proposed petroleum farm-in ("Farm-In") to its Saouaf permit area Tunisia ("Saouaf Asset") held in joint venture with the Tunisian state oil company, Enterprise Tunisienne d'Activités Pétroliéres ("ETAP").

The HoT signed for Nobel Petroleum to farm-in for 80% working interest and assume operatorship, subject to ETAP approval. The current work programme needs to be carried out prior to the current expiry of the Saouaf Permit ("Permit") on 23 December 2022 ("Expiry Date") with extension negotiations having already been initiated referencing the Hydrocarbon Code of Tunisia, and consists of an obligation to acquire 300km of 2D seismic. ...

Tom Evans, CEO of Pennpetro Energy plc, commented:

"Today's announcement marks an important strategic milestone under Pennpetro's expansionary petroleum initiatives. We are excited to partner with Upland in their Tunisian venture. Upland has done a lot of excellent technical and commercial work to this point and have built an excellent relationship with the Tunisian authorities. Our timing couldn't be better given the critical burgeoning need for additional gas and blue hydrogen supplies to Europe, especially given the fact that the Saouaf permit area is situated under the existing TransMed gas pipeline feeding gas from Algeria to Italy with spare capacity.

The Sauoaf permit area hosts 10 gas prospects and leads with up to 15.2 trillion cubic feet gross potential in multiple targets. The risked resource, independently audited by highly respected third-party engineers, is 420 billion cubic feet of gas plus 1.6 million barrels of oil equivalent net to Pennpetro. The Pyrite prospect offers an opportunity to open up an exciting new play in the area. ..." "

https://www.lse.co.uk/rns/PPP/proposed-farm-in-5jr044wfsq086n2.html

So this huge Tunisian gas project has up to 15.2 trillion cubic feet gross potential in multiple targets.

At a gas price of say c .US$0.01/c.f., that equates to c. US$150Bn. potential in-situ value.

1st Jul 2021 7:00 am RNS Results for the year ended 31 December 2020

"... According to the Group's Competent Person's Report ("CPR"), prepared in December 2017, Pennpetro had a Working Interest in 2,000 Mbbl of oil and 1,000 MMcf of gas across its Gonzalez leases. Most recently, Nobel has increased its working interest in the portfolio of petroleum interests from 75% to 100%, thereby its Working Interest is now over 4,000 MBBL of oil and 2,000 MMcf of gas resulting in a substantive uplift in our valuation metric.

The low oil price environment since mid-2014 presented the opportunity to acquire leases in our core areas of focus, most notably the prolific Austin Chalk and Eagleford Shale in South Texas. We have been able to add additional reserves from the Buda Formation from the drilling of an initial horizontal well, which as prior reported we have now completed with the operator having advised the Texas Railroad Commission, the local authority, that the well is designated as a discovery and commercial unit. Commercial quantities of test hydrocarbons have been sold from this well. ...

The wells we are drilling and plan to drill are economic at oil prices sub US$30/bbl; record production rates have been reported as the horizontal laterals are extended and the amount of pay in each well has increased; drilling and completion costs have been significantly reduced; and initial decline rates during the first 12-18 months of production are lower than those in other US plays. Over the last two years, we have taken advantage of depressed market conditions to increase our exposure to these areas. ..."

https://www.lse.co.uk/rns/PPP/results-for-the-year-ended-31-december-2020-ggrwkwipygjl391.html

The following figures on PPP's website are out of date: they've since been increased by a third:

"WORKING INTEREST (MBBL) NET REVENUE INTEREST (MBBL) WORKING INTEREST (MMCF) NET REVENUE INTEREST (MMCF)
1P 3,000.00 2,250.00 1,500.00 1,125.00"
https://www.pennpetroenergy.co.uk/operations-assets/geology-reserves/

At current oil-gas prices, the in-situ value of PPP's Gonzalez oil-gas is probably c. US$0.5 billion.

And importantly, they're at uber low production costs, which means that the large majority of this value could translate into profits at current prices.

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