Member Info for Mullins58

Highlights:

· Installation Licences for the Amapá mine and railway remain on schedule to be granted this year.

· The license application for the port was submitted in September and is also scheduled for a grant this year.

· The test work for sixty-seven per cent (67%) iron flow sheet is due for completion in the fourth quarter of this year.

· The Project is actively discussing the equity portion of project financing to complement the existing debt financing MOU.

Kiran Morzaria, the CEO of Cadence, commented, "It's great to see the continued progress at Amapá. The Project has consistently delivered all the required environmental studies and applications either on time or ahead of schedule. Based on the positive feedback from the local government, we understand that all necessary permits will be granted before the year's end. Additionally, we are actively advancing the development of a 67% "green iron" product and securing equity financing for the Project."

Https://www.londonstockexchange.com/news-article/KDNC/amapa-project-licensing-on-schedule/16668285

Mr Bhamidipati is well qualified to manage both business development and engineering operations for the Group, with a distinguished career spanning nearly 30 years, including several leadership roles. Most recently, he was CEO of Bolueta Engineering Group SL, a mid-sized engineering group in Spain focused on the Energy sector, where he directed engineering and operations, managed key clients, suppliers and investors, and led development of company growth strategy. Mr Bhamidipati has advised a number of start-ups on fundraising, commercial and go-to-market strategies. In addition, he has advised companies on turnaround and restructuring. Previously, he worked in finance and investment, at Deutsche Bank, GE Capital and Goldman Sachs, focusing on the conventional and new Energy and Commodities sectors. He is fluent in English, Spanish and German.

David Palumbo, CEO of EQTEC, commented:   

"It is not at all easy to find someone like Murli, so we are delighted he is joining EQTEC. He brings the right capability, depth of experience and mindset for growth aligned to the Company's long-term aspirations. His focus on the evolution of our Engineering business and his direct engagement at the interface between Engineering and Business Development are areas where we are seeking to build critical, operational skills to support more clients, more projects and more plants with our world-class technology capabilities. I am also delighted that CTO Yoel Alemán will be able now to devote more focus on driving greater, practical innovation of our technology for a wider range of projects for waste management and new energy infrastructure."

Murli Bhamidipati, incoming Director of Operations at EQTEC Iberia SLU, commented:

"I am honoured to join EQTEC at such an exciting time in its growth journey. The company's innovative approach to waste-to-value solutions has immense potential, and I am confident that my experience in both business development and engineering operations will allow me to contribute significantly as we advance our mission. I look forward to working closely with the talented team at EQTEC to drive the successful execution of our strategic objectives, particularly in scaling up our operations and expanding our impact in the energy sector."

Https://www.londonstockexchange.com/news-article/EQT/senior-management-appointment/16666001

Https://www.mining.com/web/graphic-gold-bulls-set-sights-on-previously-dismissed-record-3000-oz-milestone/

With no gold being mined, Welsh gold is incredibly expensive and gold from the famous mines can attract a price at auction of up to 30 times the value of standard gold

Gold hits a new all-time high, setting mining stocks alight https://www.proactiveinvestors.co.uk/companies/news/1056196/gold-hits-a-new-all-time-high-setting-mining-stocks-alight-1056196.html

Many post on this board who know ,,,, all about the oil industry and spread discord amongst investors to support their trading activities. MB has done an incredible job in very difficult circumstances over the last few years . ATB

Good progress. ATB

Mike Buck, CEO of Petro Matad, said:

"After a lot of effort from our staff and considerable patience from our shareholders, we are very pleased to have spudded the Heron-2 development well and we look forward to Gobi Bear-1 following soon. We are encouraged by the progress of discussions on cooperation with PetroChina and we are pushing for the final approval on the Heron-1 construction permit which we don't expect to take much longer."

Operational Update - Spud of Heron-2

Petro Matad Limited ("Petro Matad" or "the Company"), the AIM quoted Mongolian oil company, provides the following operational update.

Spud of the Heron-2 Development Well

Petro Matad is pleased to announce that on 8th September it spudded the Heron-2 development well in the Tamsag Basin of eastern Mongolia. This is the first development well to be drilled on the Petro Matad operated Heron Field, which has total oil in place potential of c. 190 million barrels and which was discovered when the Heron-1 well was drilled and tested in 2019.

Heron-2 is being drilled by the DQE International rig 40106 and is located c. 800m south of the original Heron discovery well. It is targeting the same reservoir units of the Cretaceous Lower Tsagaantsav Formation that were proven productive in Heron-1. Heron-1 flowed at a maximum rate of 821 barrels of oil per day on test from a 12m interval between 2,834m and 2,846m in an overall oil column of some 70m. This was the third best test rate ever recorded in Mongolia. Heron-2 has been located to investigate the extension of the productive reservoir zone seen in the discovery well and will be drilled to a total depth (TD) of c. 2,900m. The reservoir is expected to be encountered at a similar depth to that in Heron-1 based on interpretation of the high quality 3D seismic data covering this portion of the Heron structure.

Drilling to TD is expected to take about 30 days following which wireline logging will be conducted to evaluate the productive potential of the reservoir. A well test and stimulation programme are planned to be executed during the 2024 operational season. If successful, Heron-2 will be put on stream in either late 2024, if time permits, or in Q2 2025 after the winter operational shut down.

Gobi Bear-1 Well Preparations

Mobilisation activities for the Gobi Bear-1 exploration well are underway with anticipated spud by mid-September. A separate update will be issued in due course.

Heron-1 surface equipment installation and preparations for production

The construction permit for the installation of production facilities at Heron-1 is at the final stage of the approval process. The construction contractor is ready to mobilise. The paperwork for the construction permit for Heron-2 is also being progressed whilst, in parallel, the Company has proposed a streamlined approval process to the Ministry of Construction to reduce the bureaucracy for the construction of oil production well pads.

Negotiations with PetroChina and industry regulator, the Mineral Resources and Petroleum Authority of Mongolia (MRPAM), on processing, transport and sales of Block XX production are progressing and Petro Matad has been invited by PetroChina to meet at its Block XIX facilities to review the logistical options.

Mike Buck, CEO of Petro Matad, said:

"After a lot of effort from our staff and considerable patience from our shareholders, we are very pleased t

Https://www.londonstockexchange.com/news-article/MATD/operational-update-spud-of-heron-2/16654659

Yep , we have speculation on speculation, not very healthy. Until we know , we don't know. ATB

Gi , nice post. ATB

Yes , I've got 20m .atb

Just add some more. ATB

Gold mining production within the Clogau Mine began back in 1861 and has produced at least 80,000 ounces of gold, making it both the largest and richest mine within the Dolgellau gold belt and the UK's largest ever gold producer.

https://pure.southwales.ac.uk/ws/portalfiles/portal/15312017/R_Kelliher_final_thesis_2023.pdf

https://www.clogau.co.uk/pages/history-of-welsh-gold?srsltid=AfmBOorxUlEM9fskvFj7GNChT5kHKyb3pG2V7DQJ9FR_0psPoEdulJ2Y

After producing copper and a little lead for a number of years, the mine developed into gold production in the 1862 "rush" and continued as a major operator until 1911, during which 165,031 tons of gold ore was mined resulting in 78,507 troy ounces (2,442 kg) of gold.

https://en.wikipedia.org/wiki/Clogau_Gold_Mine

https://www.walesonline.co.uk/news/wales-news/clogau-st-davids-alba-gold-19384122

Does anyone have any numbers regarding the above ?

That's a shame , could always buy them back. ATB

I have been adding over the last few months , still well down, but looking more positive . ATB