Member Info for jackie1

This recovery has been driven by an excellent slate of movies including record breaking "Spider-Man: No Way Home", "Shang-Chi and the Legend of the Ten Rings", "Venom", "Black Widow", "Dune", "Free Guy", "Eternals" and "No Time to Die".

Been waiting for years for this news

Massive news for #gbp goes to show its not just a one trick pony

Global Petroleum Ltd - Italian Permit Applications

https://twitter.com/valueaimtrader/status/1481885549329797121?s=21

Highlights

· Return of up to £19 million (approximately US$26 million) to shareholders via a Tender Offer at 10.4 pence per Ordinary Share

· The Tender Offer Price represents a premium of approximately 26.1 per cent. to the price of an Ordinary Share at the close of business on 13 January 2022 and a premium of approximately 24.8 per cent. to the volume weighted average price of an Ordinary Share for the period 14 December 2021 to 13 January 2022

· Up to 182,692,308 Ordinary Shares will be redeemed, representing approximately 67.3 per cent. of the Company's issued share capital (if the Tender Offer is fully subscribed).

·

Q4 2021 production to 31 December 2021 ('Q4 2021') totalled 1,508 ounces of gold

· Highest gold concentrate production recorded in December 2021 since first gold pour - 101 tonnes of concentrate produced equating to c.700 ounces of contained gold (c.60% increase to Company's previous best monthly concentrate production)

· November production negatively impacted by covid related supply of explosives for the mine - short-term supply issue resolved in November and ore extraction now continues in line with the Company's mine plan

· Q4 2021 gold concentrate gold and shipments totalled 231.5 tonnes with a sales value of over £2.6m

· Phase 1 Ramp-up nearly completed as of 31 December 2021 with the processing plant achieving 2,500 tonnes feed rate for the month of December

· Q1 2022 gold production guidance range is for 1,400 to 2,200 ounces of gold

· Low-capex optimisation initiatives, primarily the addition of a thickener into the tailings circuit, are underway to achieve Optimisation Phase Production run rate of c 16,000 - 17,500 ounces p.a. run rate of gold.

· Phase 2/Expansion Phase targeted for Q1 2023 hereto achieve 23,500 ounces p.a. run rate of gold

· 2022 strategy focused on continuing to optimise Cononish processing plant and mining efficiencies to increase production profile whilst building a multi-asset gold production company in Scotland through targeted exploration

· Renegotiated the tranches of the Bridge Barn Loan that were repayable in 2022
· Additional loan of £500,000 to provide buffer through Q1 2022 short term mine plan grade variability

Uranium Portfolio Update - Athabasca Basin
Extensive Historic Data Compilation Completed Across the Portfolio

Watch the bulk buying tomorrow

Weekend coverage on the Graff 1 well and we see a break into the penny

Molopo Project Botswana - Prospecting Licence Renewals
Key Prospecting Licences Successfully Renewed at the Molopo Farms Complex Project where 2021 Drill Programme Results Confirmed up to 1.7% Nickel

Graff 1 well hit the sweet spot similarities to TotalEnergies' Brulpadda gas and condensate discovery

Testing going on

BREAKING: Shell hits oil in closely-watched Namibian wildcat - market sources

https://www.upstreamonline.com/exclusive/breaking-shell-hits-oil-in-closely-watched-namibian-wildcat-market-sources/2-1-1142213?

Rambler Discovers New High-Grade Mineralization in the Lower Footwall Zone

Highlights

· An independent review of historical drilling data for the Luansobe Copper Project is underway during the Initial JV Period (Refer to RNS 30 December 2021) aimed at compiling all available data into a database to be used to model the extent and tenor of the strata-bound sedimentary copper deposit
· Preliminary analysis suggests that the deposit has a strike length of up to 3km and extends to a depth of at least 1,250m, with some exceptional drill intercepts, including 18.6m @ 3.24% Cu in the NW of the deposit - see further details in Table 1 below*
· Independent consultants Addison Mining Services of the UK and GeoQuest of Zambia have been engaged to compile and review historical drill data. Once this review is complete a drill programme will be designed to upgrade the 1974 global resource of 20Mt @ 2.51% Cu to JORC (2012) standard
· The Company has prepared a shortlist of local drilling contractors in preparation for drilling of confirmatory holes, as well as resource infill and extension
· The Company will be pursuing two concurrent development options, including;
o The potential for a shallower copper oxide mine
o The prospect for a large-scale sulphide resource at depth
· Much of the historical drill-core sampling appears constrained to copper analysis only and the Company intends to re-analyse available historical samples for cobalt

This is the year for Namibian explorers

Meanwhile, local-based Nabirm Energy Services CEO Olayinka Arowolo yesterday told New Era the Eco acquisition of the Azinam assets in adjacent blocks and the current drilling campaigns by Shell and TotalEnergies is further demonstrative of the efficacy of the Namibian oil and gas sector, and it will strengthen investment posture in the region

https://neweralive.na/posts/shell-hits-oil-in-orange-basin

Highlights

· Well tested with flow rates of:
- 897 bopd and 0.95 mmscf/d gas (c. 1,087 boepd gross; 239 boepd net) on a 64/64" choke
- 623 bopd and 0.47 mmscf/d gas (c. 717 boepd gross; 158 boepd net) on a 32/64" choke

· The well has now been tied into the existing facilities and brought on stream at an initial rate of c. 600 bopd gross on a 48/64" choke. This is less than eight days from completion, rapidly adding additional production and revenue to the Company

· The ECDC-6 rig will now move to drill the ASD-2 development well, the first well in the 2022 campaign

Overview
· FY 2021 production within guidance of 64,610 gold equivalent ounces ("GEOs") (FY 2020: 67,249 GEOs)
· Private placement to acquire a strategic interest of 19.9 per cent. in Libero Copper & Gold Corporation ("Libero") completed in December 2021:
o 9.9 per cent. acquired immediately upon closing the subscription agreement for CAN$2.8 million (US$2.2 million)
o 10.0 per cent. providing a total of 19.9 per cent. to be acquired for CAN$3.5 million (US$2.7 million) following approval of the TSX Venture Exchange expected in Q1 2022
· Assessment of the Vejnaly contract area commenced in December 2021:
o A technical study is underway to determine the commercial viability of commencing production from the existing Vejnaly underground mine in H2 2022
o 10,957 dry metric tonnes of stockpiled ore grading 3.91 grammes per tonne of gold and 0.27 per cent. copper were transported to Gebabek, and processed by agitation leaching, in December 2021 with gold recoveries of 95 per cent. producing 1,308 ounces of gold
· Cash of US$37.5 million at 31 December 2021 (30 September 2021: US$30.9 million)
o Free cash flow for FY 2021 within the guidance of US$10 million to US$15 million given in September 2021
o Interim dividend for 2021 totalling US$5.2 million paid in November 2021
o CAN$2.8 million (US$2.2 million) paid for 9.9 per cent. of Libero in December 2021

Highlights

· CPR establishes gross Contingent Resources of 393 BCF following MOU-1



· Estimated Net Present Value (unrisked) for Predator's 75% interest US$592 million



· Fully funded for MOU-1 extended rig-less well testing operations

Summary
· Group working interest 2021 production 8,878 boepd net, in line with production guidance:
- Vietnam production 5,560 boepd net
- Egypt production 3,318 bopd
· 2022 production guidance:
- Vietnam 2022 production guidance 5,000 - 6,000 boepd net
- Egypt 2022 production guidance will be confirmed post transfer of operatorship to IPR
· Cash balances as at 31 December 2021 were approx. $27m; net debt c.$58m
· Group revenue for 2021 was c.$163m before net hedging loss of c.$30m:
o Vietnam revenues for the year c.$130m
o Average realised oil price per barrel from Vietnam was just under $73/bbl, representing a premium to Brent of just under $2/bbl
o Egyptian revenues for the year circa $33m*
o Average realised oil price per barrel from Egypt achieved was approx. $65/bbl, representing a discount to Brent of c.$5/bbl
· Relevant law regarding the Third Amendment of the El Fayum Concession Agreement formally issued by the Egyptian President dated 31 December 2021
· Significant progress made on all material conditions precedent to the transaction with IPR
· Separate announcement issued this morning with details of directorate changes

Highlights

· Revenue growth of 17% (20% on a constant currency basis) to £27.9m, with recurring revenue of 84%

· Group adjusted EBITDA1 positive for the first time at c. £0.6m, ahead of market expectations

· Net cash £12.6m

· New distribution arrangements in the United States and China to drive further revenue growth

Highlights

· Positive second half revenue trends sustained to year end
· Strong performance from the Group's portfolio of high returning businesses with adjusted operating profit1 for the year now expected to be at the top end of expectations
· Proceeds received at year end on divestment of Traditional Merchanting business in Great Britain enhances Group's strong financial position

Oil at 5 year highs

£4m mcap with 3 billion barrel resource

Farm in partners watching to jump in

Shell first signs of a discovery well

Volume increasing

Tati Project Botswana - Prospecting Licences Received
Prospecting Licences Covering the Tati Project Successfully Transferred to Power Metal's 100% Subsidiary Tati Greenstone Resources Pty Limited - Issue of Equity to Vendors

Drilling permit approved - Theta West #1

Pantheon is pleased to announce that it has received notification from the Alaska Oil & Gas Conservation Commission that the permit required to drill the Theta West #1 well has been approved.

Operations Update

The Nordic Calista #3 rig is on location at the Talitha #A well where it will complete works to prepare the well for testing, prior to being mobilised to the Theta West #1 location for the spudding of that well. Given that Talitha #A is already drilled and cased, a smaller coiled tubing unit will be utilised for testing of that well, once preparation works have been completed with the larger rig. The ice road to Theta West is still under construction, with the approximately one mile still to be fortified and completed. Following this, the pad will be constructed prior to the move of the rig.