Member Info for Mullins58

5p just traded, not much volume at the moment. ATB

Europe’s gas prices on the brink as Qatari LNG flows stall

https://www.msn.com/en-gb/money/other/europe-s-gas-prices-on-the-brink-as-qatari-lng-flows-stall/ar-AA1ZsR3R?ocid=msedgdhp&pc=U531&cvid=69c63ba9ab854cfdae4e916542e4d4ea&ei=20

US cannot meet Iran war-induced LNG shortfall: industry leaders

https://www.msn.com/en-gb/news/world/us-cannot-meet-iran-war-induced-lng-shortfall-industry-leaders/ar-AA1Ztjvr?ocid=msedgdhp&pc=U531&cvid=69c63026e78d4628a06b7aae39ab5119&ei=11

Lovely !

https://tradingeconomics.com/commodity/uk-natural-gas

Https://www.londonstockexchange.com/news-article/GROC/mou-with-aam-producer-and-eifo-drawdown/17522539

GreenRoc's CEO, Stefan Bernstein, commented:

"This MoU with a leading international AAM producer further strengthens our technological edge by aiming to provide GreeenRoc with access to market-leading coating technology, positioning GreenRoc at the forefront of sustainable anode material production. The support provided by the EIFO loan facility is instrumental in enabling us to execute our 2026 work programme and advance toward full-scale operations. I stress that all of this work can now take place without diluting existing shareholders thanks to EIFO".

GreenRoc's CEO, Stefan Bernstein, commented:

"This MoU with a leading international AAM producer further strengthens our technological edge by aiming to provide GreeenRoc with access to market-leading coating technology, positioning GreenRoc at the forefront of sustainable anode material production. The support provided by the EIFO loan facility is instrumental in enabling us to execute our 2026 work programme and advance toward full-scale operations. I stress that all of this work can now take place without diluting existing shareholders thanks to EIFO".

Https://www.londonstockexchange.com/news-article/GROC/mou-with-aam-producer-and-eifo-drawdown/17522539

Posted on investor hub.

Res, an oil expert, banking expert and now an audit expert, what next.

Https://www.crowe.com/uk/

Has become so toxic , its shameful.

Sonora Lithium Project

Arbitration Funding Confirmation Notice

Cadence Minerals plc (AIM: KDNC) ("Cadence") is pleased to announce that LCM Funding SG Pty Ltd ("LCM" or the "Funder") has completed due diligence and issued a Funding Confirmation Notice ("FCN") under the Arbitration Funding Agreement ("AFA") entered into between LCM, Cadence and Cadence's wholly owned subsidiary, REM Mexico Limited ("REM Mexico"), regarding claims arising in relation to Cadence and REM Mexico's investments in the Sonora Lithium Project in Sonora State, Mexico. With funding secured, Cadence and REM Mexico intend to commence international arbitration against the United Mexican States under the agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the United Mexican States for the Promotion and Reciprocal Protection of Investments ("UK-Mexico BIT").

Following LCM's issuance of the FCN, non-recourse litigation financing is now available to Cadence and REM Mexico, subject to the terms of the AFA, to support Cadence and REM Mexico in pursuing their claims under the UK-Mexico BIT. Under the signed arrangements, LCM has agreed to pay Cadence and REM Mexico's legal fees and disbursements in accordance with an agreed budget on a non-recourse basis.

Highlights

· FCN issued by LCM following completion of LCM's due diligence in relation to Cadence and REM Mexico's claims against Mexico under the UK-Mexico BIT.

· Non-recourse litigation funding now available to support Cadence and REM Mexico's legal claims in relation to their investments in the Sonora Lithium Project in accordance with an agreed budget and the terms of the AFA.

· Cadence believes this funding materially strengthens its ability to pursue its legal claims in relation to the Sonora Lithium Project in a well-resourced manner, while preserving corporate balance sheet flexibility.

Kiran Morzaria, Chief Executive Officer of Cadence Minerals, commented:

"We are pleased that LCM has completed its due diligence and issued the Funding Confirmation Notice in relation to Cadence and REM Mexico's legal claims regarding the Sonora Lithium Project. This is an important milestone as it provides dedicated non-recourse funding to support the advancement of the claims.

The measures that Mexico took against our interests in the Sonora Lithium Project breached the protections afforded to us under the UK-Mexico BIT. This funding materially strengthens our ability to pursue the arbitration in an appropriately resourced manner, while preserving balance sheet flexibility and supporting our objective of protecting shareholder value and seeking appropriate redress.

Https://www.londonstockexchange.com/news-article/KDNC/sonora-lithium-project-arbitration-funding/17518390

Https://tradingeconomics.com/commodity/uk-natural-gas

My barber , went to watch Man City recently , Christmas gift, £11 per pint , served by a machine.

You need plenty of patience . ATB

The timeline for an oil industry farm-out—where a working interest owner (farmor) transfers part of their interest to another party (farmee) in exchange for work obligations—typically takes several months to over a year to move from marketing to final completion. The process is heavily influenced by negotiating binding agreements, securing technical data reviews, and obtaining necessary government or regulatory approvals.

Typical Farm-Out Timeline Breakdown

1. Marketing and Prospect Selection (1–3 months): The farmor prepares the data package and initiates marketing to find potential partners.

2. Data Room Review and HoT (2–4 months): Interested parties review technical data (seismic, previous wells) and negotiate the Head of Terms (HoT).

3. Definitive Agreement Negotiation (2–6 months): Legal teams negotiate the binding Farmout Agreement (FOA) and related Joint Operating Agreements (JOA).

4. Government Approvals (2–12+ months): A crucial step; regulatory bodies must approve the transfer of licenses or production sharing contracts. Delays here can significantly extend the overall timeline.

5. Execution and Closing (Simultaneous with or after Approvals): The transaction formally closes, and the farm-in party often funds or starts the designated drilling work.

Https://tradingeconomics.com/commodity/uk-natural-gas

Amazing numbers , estimated £34m pa revenue ! ATB