George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Should be news fairly soon
"Securing approval of this EIA is a major milestone for Anchois and is the culmination of extensive time and teamwork that has gone into this critical process. This is a key building block for sanctioning the project's development, alongside other activities such as our partnering process which is close to conclusion."
Big oil buying Guyana assets
https://x.com/javierblas/status/1716383046834798933?s=61&t=Ls59QCPJlmgnRyxPu2tlVg
On the 1st August Eco stated “ Eco has cash and cash equivalents of US$6.4 million on the balance sheet as at 31 July 2023.”
On the 30th August Eco stated “ Eco has cash and cash equivalents of US$4.7 million as at 30 August 2023.”
However, on 1st August Eco also stated “ Post period end, the Company signed a legally binding Letter of Intent with Africa Oil to farm out a 6.25% Participating Interest in Block 3B/4B, offshore South Africa for up to US$10.5 million in cash.”
So how much cash do we actually have, where’s that $10.5million gone and we are burning cash
Whilst drilling, Helium One will measure gas shows using Geolog's mudlogging services and a portable mass spectrometer. After TD has been reached, Baker Hughes will then rig up and run their wireline tools. Once the wireline logs are run and evaluated, the Company will then run in hole to evaluate further with Baker Hughes' Reservoir Characterisation Instrument ("RCI") tool to take downhole samples under reservoir conditions. Onsite, there is also the facility to transfer and evaluate these samples, as well as the capability to send duplicate samples for laboratory analyses in a leading noble gas laboratory.
The whole process from spud to completion of logs and initial analyses is expected to take approximately four weeks, after which the Company will make a further announcement.
I cant see any corporate activity being any time soon imho, general market malaise, there is a lot of negative market sentiment, have a look at all the commodity sector. October has always brought some of the biggest stock market crashes. At best SQZ is just a trading share now, wait for 200-210p again!!
Just plain dumb
https://x.com/zerohedge/status/1706016029267173647?s=46&t=MBYic9RoXAbjg0gE0CfGeg
Feels to me that Labour are only using North Sea oil as a political toy to score points with the electorate and uneducated. Once they get in office, i can see that they wont be so stupid to turn off the taps and come to some sensiable tax policy, if they dont most of the North Sea operators will definately switch off production.
They will make the Conservatives look even more stupid than they look currently (by the way i am no labour supporter!!)
All the above could just be wishful thinking on my part!!!!!!!
Should be due as soon as the big wigs return from their holidays
“During July, the Group announced successful exploration drilling at the K2 prospect together with the decision to proceed with follow on appraisal drilling. Results from the appraisal side-track are expected during September and will provide further data to determine a recoverable resource estimate and future development activity. The K2 prospect is an excellent demonstration of the Group's BUILD strategy targeting opportunities close to existing infrastructure to maximise value.”
Is that realise a surprise to you, all North Sea companies have said the same, its a clear message to UK government, if the latter dont make the North Sea investible, the UK O&G companies will be taking their investment elsewhere