focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Hopefully WNB-1Z has intersected a significant HC-charged column, ...in good quality reservoir!
jmo
One week left until Dec. 15th.
Hopefully the refinance with a major bank will go through.
I think that should really help to 'release the brakes' on Vast's share price, ...and we'll see more reasonable market valuation of this currently producing and growing mining company.
GLA.
jmo
Nice All-Time High close for ZOE. (Now up 25-fold off it's lows from last March!)
Glad I held onto some shares from back in the HNR days : )
jmo
AFRICA ENERGY ANNOUNCES LUIPERD-1X TEST RESULTS
"Jan Maier, Africa Energy's VP Exploration, commented, "The Luiperd discovery proves that the Outeniqua Basin offshore South Africa is a world-class hydrocarbon province that remains highly under-explored. Luiperd-1X intersected 85 meters gross sands of which 73 meters is net good quality pay in the main target interval and thicker than prognosed."
"The Luiperd-1X well was opened to flow on November 1, 2020. After several tests at different choke settings, the well reached a maximum constrained flowrate through a 58/64" choke of 33 million cubic feet per day of natural gas ("MMcfpd") and 4,320 barrels of condensate per day ("bcpd"), an aggregate of approximately 9,820 barrels of oil equivalent per day ("boepd"). The choke configuration could not be increased due to surface equipment limitations. The absolute open flow ("AOF") potential of the well is expected to be significantly higher than the restricted test rates."
https://www.africaenergycorp.com/news-releases/africa-energy-announces-luiperd-1x-test-results-122605/
"Waiting for a farmout deal"
Or a placing, ...which I suspect is more likely in the near term, ...either to fund the upcoming drill campaign outright, or to say how it "strengthens their position in farmout negotiations", or something to that effect.
That's my guess at this time. We'll see what happens.
jmo
From the latest Sacgasco news release:
"The Working Interests in the Borba 1-7 well are currently:
Sacgasco Limited (Operator) (ASX: SGC) 76%
Xstate Resources Limited (ASX: XST) 24%
Farmout and funding discussions to reduce Sacgasco’s Working Interest exposure are advanced to enable
Sacgasco to implement its plans to drill the well this year."
No mention of EME.
Very strange to be supposedly so close to drilling a high impact well without having clarity on such basic questions as:
1. Who is the consortium participating in the project?
2. What are the working/participating interests of the parties involved?
3. How will it be funded?
jmo
I think today's Manaila/Carlibaba news serves as a good reminder that VAST is about much more than just Baita Plai.
Yes, the placings are annoying. Very annoying.
Nevertheless, ...I think it's important to keep your eye on the big picture.
just my opinion
I recall hearing AP say in a recent interview that gold and silver can actually account for over 30 percent of their revenue stream.
So in addition to being an emerging copper producer (with world-class grades), ...maybe we should also think of VAST as an emerging precious metals producer as well?
jmo
It's hard to believe that Falcon's market cap is so low, ...given the enormous resource potential of the Beetaloo acreage.
This one has really gone 'under the radar'.
jmo
I had Blackbird on my watchlist for a while, and had seen them signing multiple deals, but wasn't quite ready to jump in yet.
However, ...when they announced the partnership with Tata a few months back, that's when I decided to add BIRD to my portfolio.
GLA.
jmo
"..with Chinook-1 encountering over 2,000 feet of turbidite deposits, nearly 1,500 feet of developed sands and a total of over 600 feet of natural gas pay."
Excellent results!
Plus, proving up their geological models bodes well for the numerous other prospects in the area.
The Ortoire Block is showing itself to be WORLD-CLASS acreage.
Looking forward to the Cascadura deep drill, ...(with the large shallower resources in the structure already in the bag!).
Exciting times indeed!
jmo
In addition to Faron (i.e. Clevegen), ...two other cancer related bio-pharma stocks in my portfolio are Northwest Biotherapeutics and Cel-Sci (both trading in the U.S.)
Interestingly, both are pretty much at the same point now, having concluded very long Phase 3 studies for potential cancer therapies, and are now waiting on data read-outs, which may come any day now.
The Northwest study was for Glioblastoma, and Cel-Sci was for Head and Neck cancer.
Many feel the potential is there for these treatments to be major advances in cancer immunotherapy.
Hopefully some positive results will be forthcoming.
just my opinion
Just got a chance to listen to yesterday's Proactive podcast, and I heard AP say:
"...all the preliminary due diligence was complete and approved ...and now it's the 3rd-party validation, which is all technical advisors being engaged, and will be on site shortly, so we can hopefully wrap that up very quickly."
Sounds to me like things are moving along at a pretty good pace now, ...and a lot of key items are starting to come together.
GLA.
jmo
Going by the current LSE statistics, with today's 29.25p close:
I see that EUA has crossed over the US$1Billion market cap threshold today.
Nice : )
I also see that the 52-week low was almost exactly a year ago, on Oct. 8th, 2019, when it closed at 0.435p.
From 0.435p to 29.25p is approximately a 1 year 67-FOLD INCREASE.
Very nice : )
jmo
"...leaving IFN beta-1a and remdesivir as the only two drugs remaining in the trial, subject to WHO announcing further new compounds for inclusion. IFN beta-1a now remains as a monotherapy."
Hmm. Very interesting.
"The WHO expects to provide a readout from the SOLIDARITY trial in the fourth quarter of 2020."
"The Company expects to announce topline data from its first expansion cohorts of the MATINS trial in the fourth quarter of 2020"
The fourth quarter begins in just one week.
Fingers crossed for good results, ... on multiple fronts.
jmo
It looks like more and more people are finally 'waking up' to what a special opportunity this is.
Large, world-class resources, in a very favorable jurisdiction, ...and close to already existing infrastructure for timely and cost-effective monetization.
This one 'ticks a lot of boxes'.
just my opinion
Fingers crossed for another major discovery at Chinook, to add to their previous major discovery at Cascadura, ...which may actually become even bigger with the Cascadura-deep well, which is next in line.
Exciting times indeed!
jmo