Member Info for jackie1

Darren Hazelwood, Chief Executive Officer, commented:

"The discovery of a VMS system at Obonga is a remarkable achievement for the team, and given that it took just two drill holes, it shows the level of work that was put into the exploration targeting process.

The implications of the Wishbone VMS discovery to the wider Obonga Project area are considerable. Before this programme no other VMS was known on this belt. Obonga has now been confirmed as a favourable geological environment for the development of VMS systems and many more potential VMS targets exist on Panther's landholding.

The very nature of this type of deposit means they tend to cluster, once you have one, the chances increase dramatically of finding others.

Elevated base metal content, especially within close proximity of our drilling location, adds further confidence to our future plans

Production Update*:

· Kiziltepe produced a total of 20,737 ounces of gold during the year, exceeding its full-year production guidance by 9%.

· As at end 2021, the mine had produced a total of 104,937 ounces of gold and 1,154,805 ounces of silver, recording US$177 million in revenue since operations commenced in early 2017.

· Mining operations are continuing at Arzu North and Derya, with additional high-grade (7 to 8 g/t Au) material being trucked from Kepez, with expansion of these operations expected during the current year.

· A processing plant expansion was completed early in H2 2021, with plant capacity now increased 300% over the feasibility design.

· Gross full-year revenue of US$42.9 million at an average realised gold price of US$1,763 per ounce, against an average revenue per gold ounce of US$2,067 (due to silver credit)*.
* All figures are given gross with respect to Zenit.

Highlights
· Total mining contractor gold production of 87.44Kg for the quarter, equivalent to approximately 2,811 ounces
· Total of 23.85Kg (equivalent to approximately 767 ounces) attributable to Explorator
· Value of Explorator share of gold produced US$1,383,125
· Gold sales in period of 360 ounces
· Combined attributable revenue to Explorator from gold sales and other income for the Period amounted to US$614,257
· Fair bride project continued to progress satisfactorily

Blue Star Capital plc (AIM: BLU), the investing company with a focus on esports, payments, technology and its applications within media and gaming, is pleased to note the announcement by Guild Esports plc ("Guild"), one of its investee companies.

Guild has today announced that Bitstamp, one of the world's longest-running crypto exchanges, has signed a three-year global sponsorship deal for £4.5 million as the company's exclusive official cryptocurrency exchange partner.

The sponsorship will commence on 29 January 2022. It is the largest sponsorship deal secured by Guild to date and Guild expects it to generate annual revenues of £1.5m over the three-year period.

Guild has advised that, as part of the agreement, Bitstamp will be given marketing rights and prominent exposure across Guild's team jersey and will also appear across social and digital content featuring the Company's proplayers and content creators. Bitstamp's logo and brand will also be integrated at Guild's new flagship London headquarters which are expected to open in early 2022.

Guild further announces its intention to collaborate with Bitstamp on a number of projects aimed at enhancing Guild's fanbase and Bitstamp customers' experience.

· Anchois-1, the original discovery well drilled in 2009, was efficiently located and the wellhead was inspected, prepared and successfully coupled with the Stena Don rig confirming its potential viability as a future producer well.

· To maintain efficiency a decision was taken to not take a Sand A gas sample in the Anchois-1 well as gas samples were successfully obtained in the previously drilled Anchois-2 well.

· Anchois-1 operations will now complete with the well in a condition to allow for potential utilisation in the future development of the field.

· Anchois-2 well, drilled just prior to the Anchois-1 well operation and successful in its appraisal and exploration objectives with over 100m of net pay, has already been safely and efficiently suspended for potential completion as a production well in the future development of the field.

· Extensive data recovered from the multiple gas discoveries in the Anchois-2 well, including from a comprehensive sub-surface formation testing programme, which recovered twelve gas samples across seven gas bearing reservoirs, which are currently enroute to the laboratory for detailed analysis.

A nice price to buy for the next few month while the placing gets churned

We have all the oil stocks flying

Just to name a few ADV MATD 88e COPL

GBP will be the next one

Both these ships are also oil recovery ships i hear ?

Revised Arrangement on the VRFB Holdings Limited ("VRFB-H") Investment by Mustang Energy Plc ("Mustang Energy")

The European Union's highest court says it was fine for Italy to grant multiple licenses to a single company to explore offshore drilling prospects

https://www.law360.com/amp/articles/1455477

Key points:

· NTCD-M3 for prevention of CDI recurrence: Phase 3 trial preparation progressing well
· Good progress in licensing discussions for NTCD-M3
· XF-73 nasal gel for prevention of post-surgical infections: Regulatory discussions with EMA and FDA on Phase 3 clinical trials expected to conclude in H1 2022
· Preclinical work on SPOR-COV, designed to prevent coronavirus infections, progressing as planned

Interesting

Full tank of oil free

Have they found billions of barrels of oil

We’re here to help you start your week with a full tank of fuel and a coffee in hand

https://twitter.com/namcornamibia/status/1482608561339392000?s=21

KSZ drill operations recommence
Kavango Resources plc (LSE:KAV), the exploration company targeting the discovery of world-class mineral deposits in Botswana, is pleased to announce the recommencement of drill operations on Hole KSZDD002.

Namibia gushing ?

Sudden volume turned it blue from -8%

BlueRock Executive Chairman, Mike Houston, said, "While we faced many challenges during 2021, we have seen production levels and the grade increase significantly and with that a 41% increase in our carats sold. The market has remained buoyant throughout the year with prices returning to levels above those of 2019 resulting in revenue more than doubling in 2021 compared with 2020.

Further to Oilex Ltd's (Oilex or the Company) announcement on 14 December 2021, confirming that it had arranged the funding required for the re-fraccing of the Cambay 77H well in India via an equity capital raising of £2.0 million (A$3.7 million), before costs, the Company is pleased to announce it has settled the final £1.19 million (A$2.20 million) before costs, via the issue of 851,071,499 fully paid ordinary shares (Shares).

Of the final tranche of 851,071,499 Shares issued, the Company issued: all of the Placement Shares under the Company's current ASX Listing Rule 7.1 placement capacity.

The full equity capital fundraising of £2.0 million was settled via the Company issuing shares in the following tranches:

· The settlement of approximately £0.49 million (A$0.91 million), via the issue of 349,512,978 fully paid ordinary shares, as announced on 23 December 2021; and
· The settlement of approximately £0.31 million (A$0.57 million), via the issue of 222,005,826 fully paid ordinary shares, as announced on 4 January 2022; and
· The final settlement of approximately £1.19 million (A$2.20 million), via the issue of 851,071,499 fully paid ordinary shares, as announced here.

Global Petroleum

Strong case to claim damages on the positive permit news on Friday

Global Petroleum received positive court decision on 4 Italian permits. Italy could be forced to pay millions of pounds in damages after banning new drilling near

Rockhopper fought back using a relatively obscure legal mechanism known as investor-state dispute settlement (ISDS), which allows companies to sue governments for introducing policies that could affect their future earnings

Reports suggest Rockhopper has spent $29m (£21m) on the offshore project to date and is claiming damages of $275m based on expected future profits from the oilfield

The company said it has been advised that it has “strong prospects of recovering very significant monetary damages” as a result of Italy’s actions

https://amp.theguardian.com/business/2021/jul/25/outrage-as-italy-faces-multimillion-pound-damages-to-uk-oil-firm

What a nice opportunity given by the few sellers today

Oil price keep moving north as we await news from Shell and Total

Global with 4 Italian permits nearby wells producing 3300 bopd

Farm in data room opened with interested parties bidding

Cash in the bank

Whats not to like for £5m mcap

George Lucan, CEO, commented:
"We are pleased with the expressed level of interest in the Company or in its principal asset,and will proceed with our formal sales process with due professionalism, expediency and confidentiality to achieve the best possible result for all of Angus' shareholders."