Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
86 mill purchase last Friday from memory, 50 million purchase this Friday, someone purporting to be Evil K claiming the 50 mill, just short of 1% of the company purchased in 2 transactions.
Let’s not forget this little nugget from last month either..
‘Following the Production Permit grant a review of the viability of reinstating Kimmeridge production and further new Portland infill drilling locations are now under way."
George Frangeskides, Executive Chairman, commented:
"This is welcome news. We look forward to hearing of the Operator's plans for enhancing productivity and delivering on the inherent, and to date largely untapped, value of the Horse Hill Oil Field."
I see Russia has cut gas supplies to Europe via Nordstream1 by a third tonight. Despite what the naysayers are stating ukog have the right asset at the right time.:)
I think the Government may well revisit shale gas, and the combination of projects like that, the Northsea and projects like Loxley may provide us with energy security again. Loxley may not alter how much we pay for gas but the sum total of the projects may stop the country being held to ransom by the likes of Russia etc; that is to say Loxley can be part of the mix that provides the UK withenergy security over the next 10 to 20 years.
I love this factual statement.
‘Loxley is presented on UKOG's home page as "the second largest gas accumulation ever discovered and flow tested in the UK onshore" and that there is, therefore, nothing particularly surprising about the figures.‘