Member Info for Helpful

Chill out 3G you should do well at Katoro. Haneti looks to be decent.

Yawn.

The trade was yesterday. You don't know if they will issue a TR1 or not but there was no requirement to issue one yesterday.

You need to calm down.

It wasn't RRR that sold at 2.5p: that was the YA/RF trade done to bring new long term holders.

YA/RF have done the trade because they think overall it will improve their position.

DYOR

Starting to get interesting over at RGM. We have released some cash and still have the rest for trading, probably at a much higher price.

So it looks like YA and RF have made room for one of JP's mates and they think it will drive the price higher.

I would suggest very helpful. Regardless of what the short term effect is on the price, it is helpful that the underlying investments of POW are making progress.

POW doesn't need to fund raise for its $500k funding of KKME and Molopo Farms and Katoro looks like it is going to move right up.

I expect that POW will do something innovative on KKME that gives them a value read across now. POW did its deal with KKME when KKME was a bit stuck. These latest results have turned out much better than hoped for. I expect that KKME wants to get POW out because it can bring other partners in on better terms now.

That RRR's quoted investments are doing well means in due course it will be able to sell and release capital.

The main gigs are still Migori and Musonoi but these quoted investments matter.

DYOR

Partridge you are talking drivel.

RGM will use project finance for the peakers. Senior debt is available at around 65% LTV for theses plants plus mezzanine and equity partners. The same will likely apply to a portfolio purchase. I know of EIS portfolios that are looking for an exit on generation assets. Don't believe me, ask around. A lot of money went into renewables 7/10 years ago and now wants out.

You are misinformed with regards to Mambare.

DYOR

Yep, I fully agree, We must concentrate really hard on what happened 10 years ago because it is the only thing that is relevant now. The fact that peaker plants didn't exist then, Parsons wasn't involved and RGM was a completely different business should not distract us from concentrating on 2009.

In reality, the only thing that matters is what happens from here on in. The past is irrelevant to what happens next.

FFS.

Not quite right.

The work that Petroteq has done is on oil sands not oil shale. Tomco's assets comprise oil sands and oil shale. The PQE tech is for near surface oil sands that can be strip mined. PQE has done work with QEM on oil shale and it does work according to QEM but is not optimised. PQE and QEm are working together to optimise the tech for their oil shale, which is in part at least near surface.

We are currently awaiting PQE confirming that it is in 24/7 production at around 400/600bopd as its initial production run. It has been running previously but not on 24/7 and it has been mainly about optimising the output to meet the IMO 2020 and ensure that the sand output is clean enough for the Greens. It looks like it has done all this on a batch production basis but for the big uplift it needs to show it can do it 24/7 on a volume basis. Confirmation is awaited any day now.

DYOR

https://twitter.com/CattaneoGenoa/status/1224996433704771584?s=19

More detail from TSI.

****************************/rns/announcement/0ab2710d-b60e-4da6-b20e-d071dd41158c/

https://www.lse.co.uk/rns/POW/botswana-molopo-farms-complex-progress-update-xfa99f9ycuzlbj2.html

Good news for POW and RRR

The main thing for RGM is that they need to get a quote for the Grid Connection. The quotes are hugely variable in timing and cost but they have a substation right next door so it should be on the quicker side and the lower cost side.

Once they have the Grid Connection quote, everything else falls into place. They will then know what kit is needed and when; they can then deal with any local authority planning issues. Given the nature of the site if they are any planning requirements rather than building regulations they should be minimal.

See the corporate presentation. Once the peaker is up and running, it is money for old rope. The system is that the grid and/or Scottish Power puts out what is called Requests for Quotes and we then bid to supply.

DYOR

They are very impressive and have big plans..

"ensure we can realise this growth potential as soon as possible by introducing new opportunities to the Board and widening the existing asset base."

DYOR

In your opinion.

As I said.. Better informed.

Still here. I bought some a little while back at 0.16p. I expect to do very well on them. I also expect to do well on the 1.15p placing in due course but it might take a while.

Everything comes to he who waits. Patiently or not as the case may be.

Whichever way you cut it Colter and the Wessex Basin has value and if nothing else CAV owes us monies which will be repaid out of production.

If it were me, on the Wessex Basin I would look to get all the other partners out at value x and then look for a farm in partner at 2x. All of the other partners now have bigger fish to fry and would probably welcome an out.

"Also included are licence fees for the next 12 months for P1918, PEDL330 and PEDL345 and the recent work on the Purbeck Anticline (PEDL345), including new petrophysics and fracture analysis for the Southard Quarry-1 well. The Company will provide a further update on this work in due course."

The work on Colter and Colter South was not wasted:

"In addition, the side-track encountered oil and gas shows in the Jurassic Cornbrash-Lower Oxfordian interval, the producing reservoirs in the Kimmeridge oilfield, and this provides an interesting potential target on trend to the west within the onshore licences held by the Joint Venture."

DYOR

Progress at Katoro and a good update.

Good for POW and in turn RRR.

DYOR

You have been trying to run the company down for months. I thought the last update was okay: that is an opinion. Let's see what happens.

Maybe I am better informed than you?