Member Info for Mullins58

Https://www.londonstockexchange.com/news-article/HELD/agreement-with-the-university-of-patras/16257413

Mike Buck, CEO of Petro Matad, said:

"On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete. In the absence of any recent precedents, every step has been something new for the Government which has caused delays. We will certainly be ready to operate at the end of the winter stand down when we expect the long running saga of land access to be fully resolved."

Key Company Updates

· The Company continues to push the Government to complete the regulatory formalities to guarantee land access and allow completion operations at Heron 1 to commence. Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete.

· The slow bureaucratic process to complete the special purpose land certification has prevented any in-field well completion operations but the winter hiatus provides time to complete the formalities which will allow operations to commence as early as possible at the start of the operational season in 2024.

· The Company has completed the restoration of the Heron-1 drilling location in preparation for mobilization of well completion equipment.

· The 2022/23 Exploration Tender Round continues with Petro Matad being confirmed as the selected contractor on the two blocks for which it submitted applications.

· The renewable energy JV, SunSteppe Renewable Energy, continues to make progress on two projects and is pursuing three others.

Https://www.londonstockexchange.com/news-article/MATD/operational-update/16257422

Https://www.ft.com/content/fbd270d1-c688-4300-bd4e-f1eee1869196

Nicole Galloway Warland, Managing Director of Thor Energy, commented:

"The consolidation of EL 5984 allows ECL to actively pursue In-Situ Recovery copper investigations at the Alford West Project area whilst considering new discoveries across the tenement. Thor looks forward to ECL expanding its exploration options for ISR of copper, as well as advancing site investigations at the Alford West Project.

"As the Alford Copper Belt extends through both Thor's Alford East project, and the Alford West area, all investigative activities are a positive advancement to the In-Situ Recovery assessment of the area."

Agreement Highlights:

§ Consolidation of the Alford West Joint Venture ("JV") (In-Situ Recovery JV) and other ISR amenable targets within Exploration Licence 5984 with 100% of the ownership transferring to ECL.

§ Andromeda is to receive 5% of the current ECL capitalisation (203,008 shares), plus A$50,000 in cash.

§ Andromeda will also receive deferred consideration as a 10% share of any successful mining operations 'Royalty Tenement Operating Cashflow' on the Alford West Project area (not exceeding A$15m) and Moonta Project area (not exceeding A$15m).

§ Upon successful completion of a Site Environmental Lixiviant Test ("SELT"), Andromeda will be issued a further 2.5% of ECL capitalisation (101,504 shares).

§ Once a mining lease is granted, Andromeda will receive a further cash payment of A$150,000 with royalty payments from operating cash flow.

§ Thor currently holds 30% equity in ECL, with the initial 5% payment to Andromeda diluting Thor to 28.6%.

Https://www.londonstockexchange.com/news-article/THR/envirocopper-ltd-to-acquire-alford-west-tenement/16255461

Https://twitter.com/Petro_Matad?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Https://www.mining.com/web/australia-expands-list-of-critical-minerals-key-to-transition/

Billy , that made me smile. ATB

UK Oil & Gas plc (London AIM: UKOG) is pleased to announce that all required explosives permits for the deployment of the new 7-inch perforating guns, capable of fully penetrating Pinarova's 9⅝-inch casing, have now finally been secured by the service provider, PSI. The equipment is thus fully ready to be transported to site. The Company is now liaising with the operator AME to schedule a firm date for the resumption of testing operations.

The new guns will be deployed over the Germik/Hoya section where strong oil odours at surface were recorded over a 12-hour period during drilling and mobile light oil was recovered from the mud pit (see RNS of 22nd September 2023). Geochemical analysis found the mud pit oil to be near identical to that found in the seismic shot hole oil seep, located around 1.5 km to the west.

UKOG holds a 50% non-operated interest in Pinarova-1 and the surrounding 305 km² Resan licence, which also includes the as yet undeveloped Basur-1 light oil discovery.

Https://www.londonstockexchange.com/news-article/UKOG/turkey-pinarova-1-testing-update/16253464

Https://twitter.com/UKOGlistedonAIM?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Nooooooooo!

Oce, 2:more filtered

Https://www.mining.com/iron-ore-price-up-as-hopes-of-china-stimulus-resurface/

Https://twitter.com/UKOGlistedonAIM?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor

Horse Hill Work Programme Extended by NSTA

UK Oil & Gas PLC (London AIM: UKOG) is pleased to announce that the North Sea Transition Authority has granted a one-year extension to the PEDL137 Retention Area Work Programme ("RAWP") containing the Company's Horse Hill producing oil field (UKOG 85.635% effective interest).

The RAWP now extends to 30th September 2025 and fully corresponds to the farmin programme agreed with Pennpetro Energy Plc, comprising one new production well, HH-3, plus a 12 km² 3D seismic survey (see RNS of 28 March and 11 December 2023). Seismic acquisition is currently targeted to commence in H1 2024.

Https://www.londonstockexchange.com/news-article/UKOG/horse-hill-work-programme-extended-by-nsta/16247530