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Australia-based oil and gas explorer Oilex Ltd says its Cambay Basin block in Gujarat has been independently assessed to hold in-place natural gas reserves of 1.3 trillion cubic feet and 1.6 billion barrels of oil.

The discovered gross in-place reserves of the Cambay Basin block near the town of Khambat, 160 km South of Ahmedabad, have been independently evaluated by Netherland, Sewell and Associates Inc to hold 1.314 trillion cubic feet (tcf) of gas and 1.633 billion barrels of oi ..

Read more at:
https://economictimes.indiatimes.com/industry/energy/oil-gas/oilexs-cambay-basin-block-in-gujarat-holds-1-3-trillion-cubic-feet-gas-1-6-bn-barrels-oil/articleshow/10376603.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

It seems that the Oilex directors, in overcoming numerous challenges over a period of 15 years to finally achieve their objective of complete control – and with it the potential profits – of the Cambay asset, have shown themselves to have, as Solomon said, “focus, perseverance and capital discipline”.

For Oilex, the Cambay contract is the asset that, once sealed and delivered, and once they can unlock its potential value, will most likely transform the company.

https://www.thearmchairtrader.com/oilex-ltd-shares-can-cambay-field-potential-transform-the-company/

"Regarding the Cambay field, and following the extended hiatus in production, the Company is focussed on the resumption of both production and field development activities to exploit the 926 BCF of contingent gas resources in a market of strengthening gas prices and demand. Subject to GoI ratification, the Company now has a 100% working interest in the Cambay field following the Acquisition with a commensurate increase in net contingent resources.

Sabien Tech & Aeristech link:

Very nice!

Leamington Spa, UK – April 14 2021 – Aeristech, a UK-based leader in high-speed electric motor and controller technology, has announced the close of a £5.15m private funding round led by investors Sabien Technology, Vela Technologies and SAIC Venture Capital.

The funding round will supercharge the company’s investment in its development of market-leading e-boost technologies for hydrogen fuel-cell, hybrid-electric and internal combustion engine powertrains utilising its unique patented technology. This includes expanding the company’s skilled engineering and design talent, adding new test cells and investing in the next generation of R&D to build on its market leading advantages.

https://www.aeristech.co.uk/aeristech-powers-up-with-5-15m-funding-round-and-key-appointments-to-drive-rapid-growth-of-leading-electric-motor-and-controller-business/

https://fuelcellsworks.com/news/agreement-to-supply-hydrogen-fuel-cell-compressors/?utm_source=rss&utm_medium=rss&utm_campaign=agreement-to-supply-hydrogen-fuel-cell-compressors

Shares in Issue 14,574,260
Market Capitalisation £ 5,210,298
Year High / Low 38.25 / 0.065
Currency GBX
Cumulative Volume 15,228,122
Last Traded 15-SEP-2021 16:27:45

Subject to technology verification by Cambridge University, Sabien intends to participate in one or more commercial partnerships to fund, construct and operate City Oil Field-powered recycling plants, it said.

https://www.google.co.uk/amp/s/www.marketwatch.com/amp/story/sabien-technology-shares-soar-on-partnership-with-plastics-to-fuel-company-271631691589

Partnership with these guys below UK:

City Oil Field – sustainable recycling for plastic

The plastics are loaded into a decomposition furnace without sorting, washing, shredding or
processing of any kind. The system can tolerate mixed plastics, food and metal impurities – it
is therefore suitable for excavated / landfill plastic. Specially designed and fine-tuned ceramic
balls enable catalytic degradation at 200 – 270 °C, producing a heavy oil.

A 2-step refinement process converts the heavy oil to a highly refined Diesel-like oil. The oil
meets all national standards in South Korea, where the technology has been invented and
proven at scales of more than 100 tonnes per module per day. Net flow figures of -40 °C were
achieved directly from landfill plastic, and calorific values are consistently above 10,000 KCal.

One of the advantages of the technique is that operators do not have to deal with any liquid or
sludge waste at the end of the process. All residues are in solid or powdered form – enabling
separation of metals and other valuable materials once the plastic burden has been stripped off.

The machinery is ASME certified and a full-scale operational plant is available to inspect.

https://www.ever-resource.com/about/

Sabien Technology Group PLC shares surged on Wednesday after the company said it has been appointed as exclusive sales agent in the U.K. for South Korea's City Oil Field Inc. for one year, with potential for a longer partnership.

Sabien said City Oil Field's technology is focused on the production of ultra-pure fuel products from end-of-life plastics and that the agreement represents a precursor to a greater involvement in the waste-to-energy sector.

Subject to technology verification by Cambridge University, Sabien intends to participate in one or more commercial partnerships to fund, construct and operate City Oil Field-powered recycling plants, it said.

https://www.google.co.uk/amp/s/www.marketwatch.com/amp/story/sabien-technology-shares-soar-on-partnership-with-plastics-to-fuel-company-271631691589

Sabien said it expected this deal to be a precursor to a greater involvement in the waste-to-energy sector, particularly in the UK. Sabien said it would look to work with partners to develop recycling facilities in the UK and the US, utilising COF's technology, working closely with both the waste industry and customers for industrial fuel oil.

Volume 7m

Free float <10m

Shares outstanding 14.57m
Free float 9.95m

https://markets.ft.com/data/equities/tearsheet/summary?s=SNT:LSE

Shares in Issue 14,574,260
Market Capitalisation £ 4,773,070

Anything that rids the world of unwanted plastic is to be welcomed, and investors have certainly given the thumbs up to a new deal by Sabien Technology Group PLC (AIM:SNT) to help do just that.

The company, which specialises in the heating, cooling, and transportation sectors, has agreed to act as the exclusive UK sales agent for City Oil Field Incorporated of South Korea, which makes fuel out of end-of-life plastics.

Here's the technical bit: "This process involves the catalytic degradation of waste plastics and vinyl materials via a wave energy application utilising specifically designed ceramic ball catalysts. This enables the required degradation to occur at low temperatures (200°C to 270°C), producing a heavy oil. A further refinement process, which also makes use of the ceramic ball technology, leads to production of a highly refined, ultra-pure fuel product (i.e. a fuel from waste)."

The fuel produced has several uses and in South Korea it can replace off-the-shelf diesel in industrial machinery.

The agreement runs for a year initially but Sabien said a longer-term relationship was anticipated, and future sales targets had been agreed in outline. Sabien also has non-exclusive rights in other territories outside the UK.

Sabien said it expected this deal to be a precursor to a greater involvement in the waste-to-energy sector, particularly in the UK. Sabien said it would look to work with partners to develop recycling facilities in the UK and the US, utilising COF's technology, working closely with both the waste industry and customers for industrial fuel oil. The agreement is consistent with and supportive of the UK Government's plans to reduce plastic waste exports for recycling and the use of landfill in the UK.

https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/960378

Settlement date today======================News Tomorrow?

The expected Settlement Date for the Offer is 15 September 2021. Following settlement of the Offer and the cancellation of the Bonds accepted for purchase, U.S.$152,016,000 in aggregate principal amount of the Bonds will remain outstanding.

8:28 look at that buy for 2,962,487 @ 8.2p for 242.92k.

Someone in the know

"Current operations, if successful in resolving the restriction, will result in an extended production test being carried out to determine the expected longer-term performance of the well. As a reminder to shareholders, Falcon is fully carried for all of the capex associated with this work."

ASX: ORG up as well today.

20July 2021

Operations will now be temporarily paused while the cause of the restriction is investigated, the results of which will inform the development of a new go-forward plan for Kyalla 117.

20 July 2021 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) provides an update to the 2021 work programme.

As noted in the Company’s press release on 22 June 2021, operations recommenced at Kyalla 117 N2-1H ST2 (“Kyalla 117”) in the Beetaloo Sub-Basin, Northern Territory, Australia with our joint venture partner, Origin Energy B2 Pty Ltd., a wholly owned subsidiary of Origin Energy Limited.

Activity has focussed on the continued clean-up of Kyalla 117 in preparation for extended production testing, using nitrogen to support operations.

This has allowed the Kyalla 117 well to begin flowing again without assistance for intermittent periods, however, production has not been sustained and there is evidence of a potential downhole flow restriction.

Operations will now be temporarily paused while the cause of the restriction is investigated, the results of which will inform the development of a new go-forward plan for Kyalla 117.

In the meantime, the JV’s focus will continue on other elements of the work programme. The JV remains on track to drill the Velkerri 76 well and commence a further extended production test at Amungee NW 1H in the coming weeks.

https://www.investegate.co.uk/caracal-gold-plc--gcat-/rns/operations-update/202109100700053368L/

DETAILS

Since listing at the end of August 2021, the Company continues to build on its position as an emerging East African-focused gold producer, growing both production and resources organically and through strategic acquisitions. To this end, it is advancing a phased mine optimisation strategy at its first asset, the Kilimapesa Gold Mining and Processing Operations, where there is significant expansion potential and ability to increase gold production to 25,000oz p.a. and the resource to +2Moz in the mid-term.



As part of its optimisation strategy, the Company has signed an agreement to connect grid power to the processing plant; this is expected to be completed within the next eight weeks. Not only will this dramatically reduce its diesel consumption and operating costs by approximately US$100/oz, but the connection will also provide significant ESG benefits given the electric power sector in Kenya relies largely on renewable energy sources such as hydropower and geothermal sources of energy.



Throughput at the mine is continuing to increase, with the redesigned plant operating more efficiently and at increased rates. Activities include:

· The commissioning of the screening plant in July, which is operating efficiently and is successfully screening previously low-grade material into 3 size fractions with the smaller 2 size fractions, which carry most of the grade, being processed directly through the mill;

· The commencement of construction of a test heap leach pad, following the successful recovery of gold from low-grade material in laboratory test work; a decision on construction of a full-scale heap leach pad will made within next 90 days based on results from the test pad; and

· The completion of substantial improvements/upgrades to the mine laboratory, which can now handle all the assay work from sampling from the mine, the process plant and can complete all the sample prep for the samples that will come from the soon to be commenced drilling programme.



The Kilimapesa Underground Mine and the implementation of a new Mine Plan is also operating well, and is supported by the Company's strengthened geological team, which is gaining a deeper understanding of the structural geology and controls.



The Company remains committed to implementing its broad gold exploration programmes in Kenya and has further strengthened its geological team with the appointment of a highly experienced exploration geologist, who has extensive gold exploration experience in Kenya and is now expediting a new exploration programme. An initial trenching programme has begun across various targets within the Company's exploration licence and at the Kilimapesa Mine on the Company's Mining License. Additionally, the Company has acquired two new drill rigs (a RC - Reverse Circulation - and a DD - Diamond Drill rig), which will

10 September 2021

Caracal Gold plc ('Caracal' or the 'Company')

Operations Update

Caracal Gold plc, the gold producer with operations in East Africa, is pleased to announce an update on operations at its producing Kilimapesa Gold Mining and Processing Operations in Kenya, where it is advancing a phased mine optimisation strategy.

HIGHLIGHTS

-- Connecting mains power to the processing plant within the next eight weeks, dramatically reducing operating costs by approx. US$100/oz and providing significant ESG benefits

-- Continuing to increase processing plant throughput, with the redesigned plant operating more efficiently and at increased rates

-- New Mine Plan being successfully implemented and supported by a strengthened geological team, which is gaining a deeper understanding of the structural geology

-- Appointment of additional exploration geologist, who is expediting the Company's broader exploration plans at Kilimapesa, including commencement of an extended trenching programme ahead of two new RC and DD drills that have been acquired by the Company and are due to arrive on site this quarter

-- Corporate Office opened in Nairobi and listing on the Nairobi Securities Exchange progressing

-- Advanced negotiations on the potential acquisition of several previously identified, complementary and strategically located gold mine and development projects in East Africa

Robbie McCrae, CEO of Caracal, said, "Having listed at the end of August 2021, we've hit the ground running across every aspect of our gold mining and exploration business. Ex cellent progress is being made at our flagship asset, the Kilimapesa Gold Mine in Kenya, where we are fast-tracking a mid-term optimisation plan focused on increasing gold production to 25,000oz p.a.

"A key accomplishment has been the agreement to connect the plant to the grid power; not only does this deliver major cost savings and improved economics, but it also strengthens our ESG credentials given Kenya's advanced stance on the use of renewable energy. Additionally, our exploration programmes aimed at increasing our JORC compliant resources to +2Moz are also making headway, with initial trenching of shallow open pit areas initiated, the acquisition of our own RC and DD drills, and in-house drilling teams established to allow us to accelerate our exploration activities. Furthermore, discussions regarding the potential acquisition of previously identified major gold assets in East Africa are progressing at pace.

"We are delighted with the market reception since listing at the end of August and look forward to proactive engagement with shareholders as we rapidly advance our strategy of becoming a +50,000oz p.a. producer and building a JORC compliant resource base of +3Moz within 12-18 months across our East African focussed gold mining and exploration activities."

https://m.youtube.com/watch?v=bVO0QG4VKlA

Video

Carcal Gold Tech Director sets out immediate plans for company