Member Info for Mullins58

Https://twitter.com/UKOGlistedonAIM/status/1726925826757984644?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

22/09/23

https://www.lse.co.uk/rns/UKOG/turkey-pinarova-1-testing-update-7ia6oqidnx9uazc.html

WOW ! no green box's !

Adam Davidson, Chief Executive Officer of Trident commented:

"The Antler Royalty is a substantial addition to our business and represents the fifth royalty acquired by Trident in 2023. Antler is an exciting polymetallic deposit and provides Trident with exposure to a highly attractive suite of future-facing base metals, including copper and zinc. The recently announced mining rights acquisition by New World highlights the significant potential for further growth in the resource and mine life.

"We are excited to add another royalty to the Trident portfolio and continue to see significant deal flow and opportunities for further value accretive growth."

Https://www.londonstockexchange.com/news-article/TRR/completion-of-copper-royalty-acquisition/16217462

Turkey: Pinarova-1 Testing Latest

UK Oil & Gas plc (London AIM: UKOG) is pleased to announce that the Pinarova joint venture's order of more powerful 7-inch perforating guns, capable of fully penetrating Pinarova's 9⅝-inch casing, arrived in-country last week via airfreight into Istanbul. Upon completion of the necessary preparations/paperwork the guns will be transported to site, triggering 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 demonstrates that the Pinarova mud pit oil is near identical to and from the same source rock as the 42˚ API 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-latest/16217490

Jimb2 , hope all is well. Thanks for posting your research on the TRR board. TRR are an interesting company with very good management. Still remaining positive for KDNC , 2024 could be a good year. ATB

David Palumbo, Group CEO, commented:

"Despite our healthy pipeline of projects with solid clients, strong partners and reliable revenue, EQTEC, like many other companies, is taking decisive and prudent steps to ensure that the Company has sufficient funding in place to capitalise on opportunities ahead of it. This year has been for us a year of shifting away from legacy business dealings to ones that support our target business. The shift has not been easy, but we are making hard choices to secure our near-term resilience, toward delivering the long-term strategy we have committed to our shareholders. The funding arrangements we announce today, coupled with the cost reduction efforts and operational disciplines we have applied, will strengthen the Company's balance sheet and cash position, providing the opportunity to build good revenues with strong margins to support our growth plans. Our shift away from legacy business dealings continues but is mostly behind us, as we look forward to devoting the majority of our time and attention on building the future."

Https://www.londonstockexchange.com/news-article/EQT/refinancing-of-debt-facilities-and-company-update/16215588

Some good industry information re Lithium

https://www.youtube.com/watch?v=UxbFMiVS7vI

Https://www.londonstockexchange.com/news-article/HELD/timetable-for-the-proposed-capital-reorganisation/16213722

China’s controls on graphite exports “a loud wakeup call” for the US, says Graphex CEO

https://www.mining.com/chinas-controls-on-graphite-exports-a-loud-wakeup-call-for-the-us-says-graphex-ceo/

China’s controls on graphite exports “a loud wakeup call” for the US, says Graphex CEO

https://www.mining.com/chinas-controls-on-graphite-exports-a-loud-wakeup-call-for-the-us-says-graphex-ceo/

Https://www.fidelity.co.uk/shares/ftse-small-cap/?p=0&c=100

1 year chart

Sonora Lithium Investment Update

Request for treaty negotiations with Mexico

Cadence Minerals (AIM/Aquis: KDNC) advises that the Company and its subsidiary REM Mexico Limited ("REMML") have issued a Request for Consultations and Negotiations ("Request") to the Government of Mexico under the United Kingdom-Mexico Bilateral Investment Treaty ("BIT").

The Request concerns the purported revocation of the mining concessions for the Sonora Lithium Project (the "Project") by the Mexican General Directorate of Mines as announced by Cadence on 31 August 2023, and related acts and omissions by Mexico. The affected concessions include those granted to Mexilit S.A. de CV ("Mexilit") and Minera Megalit S.A. de CV ("Megalit"), these being joint venture companies in which Cadence holds a 30% stake through REMML.

In their Request, Cadence and REMML have identified various BIT obligations that have been breached by Mexico, including Mexico's obligation not to unlawfully expropriate the investments of UK investors such as Cadence and REMML and its obligation to treat such investments fairly and equitably.

In accordance with Article 10 of the BIT, Cadence and REMML have requested consultations and negotiations with Mexico with a view to resolving the dispute amicably. The BIT provides for disputes to be resolved by international arbitration if they cannot be resolved by consultation and negotiation.

Cadence and REMML have engaged leading international law firm Clifford Chance as counsel for the BIT process. The Clifford Chance team representing Cadence and REMML specialise in mining-related investment treaty arbitration cases.

Cadence CEO Kiran Morzaria commented: "The team at Clifford Chance have many years of experience in mining-related investment treaty arbitration, and have successfully resolved similar cases in the past. With their guidance, we are hopeful that a constructive solution can be reached through consultations and negotiations with Mexico under the BIT. "

Sonora Lithium Investment Update

Request for treaty negotiations with Mexico

Cadence Minerals (AIM/Aquis: KDNC) advises that the Company and its subsidiary REM Mexico Limited ("REMML") have issued a Request for Consultations and Negotiations ("Request") to the Government of Mexico under the United Kingdom-Mexico Bilateral Investment Treaty ("BIT").

The Request concerns the purported revocation of the mining concessions for the Sonora Lithium Project (the "Project") by the Mexican General Directorate of Mines as announced by Cadence on 31 August 2023, and related acts and omissions by Mexico. The affected concessions include those granted to Mexilit S.A. de CV ("Mexilit") and Minera Megalit S.A. de CV ("Megalit"), these being joint venture companies in which Cadence holds a 30% stake through REMML.

In their Request, Cadence and REMML have identified various BIT obligations that have been breached by Mexico, including Mexico's obligation not to unlawfully expropriate the investments of UK investors such as Cadence and REMML and its obligation to treat such investments fairly and equitably.

In accordance with Article 10 of the BIT, Cadence and REMML have requested consultations and negotiations with Mexico with a view to resolving the dispute amicably. The BIT provides for disputes to be resolved by international arbitration if they cannot be resolved by consultation and negotiation.

Cadence and REMML have engaged leading international law firm Clifford Chance as counsel for the BIT process. The Clifford Chance team representing Cadence and REMML specialise in mining-related investment treaty arbitration cases.

Cadence CEO Kiran Morzaria commented: "The team at Clifford Chance have many years of experience in mining-related investment treaty arbitration, and have successfully resolved similar cases in the past. With their guidance, we are hopeful that a constructive solution can be reached through consultations and negotiations with Mexico under the BIT. "

Https://www.londonstockexchange.com/news-article/KDNC/sonora-lithium-investment-update/16211796

Starting to change ATB

John Cowan, CEO and Director commented:

"The third quarter represents a period of important transition in all aspects of COPL. In the third quarter, G&A was reduced as an ongoing process in accordance the Company's previously announced commitments, with significant and required field infrastructure upgrades completed. Oil production remained stabilized, and importantly, the permitted gas flaring program has ceased."

"Since the third quarter in 2023, COPL was able to use working capital to increase NGL injection at the BFSU at double the rate compared to recent periods. This miscible flooded field requires injection of NGLs to enhance oil production and field recovery factors as capital restraints in earlier periods restricted the rates of NGL injection. A technical review of the oil response to increase NGL injection will be monitored closely this quarter, and it will form the basis for future production guidance and 2024 plans."

"The negotiations regarding a possible joint venture announced by the Company in July 2023 are ongoing and the parties are working to agree all outstanding matters."