Member Info for Mullins58

Yep , I agree.

Nice update. ATB

· Production for the Quarter was 7.9 mm thermsup

· Estimated revenues of £6.3m for the Quarter

Gas volumes produced and sold from the Saltfleetby Field equalled 7.9 mm therms in aggregate for the months of July, August and September 2023 combined, compared to 6.8 mm therms produced and sold in the second quarter of this year. Third quarter production equates to an average of 2.6 mm therms per month (2.3 mm therms per month in the second quarter), as against hedged volumes of 1.5 mm therms per month for the third quarter (1.75 mm therms per month for the second quarter). Operational efficiency was 90% for the 3rd quarter (88% operational efficiency for the second quarter). Gas condensate (liquid) production averaged 160 bbl/day.

The quarter included a planned full plant shut down for 4 days at the end of August for safety-critical maintenance and remedial work on one of the two compressor engines on the Saltfleetby site. One of the compressor engines suffered a mechanical issue in the second half of September. The compressor returned to service on 2 October, allowing dual compressor operations to recommence.

The B07T well has continued to clean up through the temporary flowline connecting it to the field facilities and now returns only minor quantities of solids, associated with the drilling fluids used to drill the well. Construction of the permanent flowline from the well continues, with civil works complete and the fabrication of the pipework largely finished. Installation of the flowline will take place in the coming weeks, with commissioning planned for the second half of October.

Work on the previously announced global refinance of the Company's debt is well advanced, with a new reservoir model and production forecasts in the process of being finalized for lenders.

Https://www.londonstockexchange.com/news-article/ANGS/third-quarter-production-and-operations-update/16149808

Nice post. ATB

GreenRoc's CEO, Stefan Bernstein, commented:

"We look forward to publishing the PEA in October, only slightly behind our originally planned schedule. The PEA will provide a detailed assessment of the technical aspects and costs associated with the construction and operation of our Amitsoq mine and processing plants and enable us to plan the next steps.

"We are also delighted with the growing interest in our product from potential international off takers, driven by their recognition of the importance of securing a future pipeline of non-Chinese graphite in a global market which is being driven by phenomenal growth in demand from the EV battery sector.

"I look forward to speaking to investors on 3 October 2023, when I participate in the focusIR/London South East Natural Resources live webinar."

GreenRoc's CEO, Stefan Bernstein, commented:

"We look forward to publishing the PEA in October, only slightly behind our originally planned schedule. The PEA will provide a detailed assessment of the technical aspects and costs associated with the construction and operation of our Amitsoq mine and processing plants and enable us to plan the next steps.

"We are also delighted with the growing interest in our product from potential international off takers, driven by their recognition of the importance of securing a future pipeline of non-Chinese graphite in a global market which is being driven by phenomenal growth in demand from the EV battery sector.

"I look forward to speaking to investors on 3 October 2023, when I participate in the focusIR/London South East Natural Resources live webinar."

Overview

· Preliminary Economic Assessment ('PEA') on Amitsoq anticipated to be published in October 2023.

· PEA will enable GreenRoc to firm up a work programme for the coming year focused on fast-tracking the Project towards development status.

· Ongoing discussions with several potential off takers, with the Company expecting to send new graphite concentrate samples to interested parties in Q4 2023.

· Joined the Danish Centre for Energy Storage ('DaCES') to collaborate with Danish universities and companies in research, innovation, and export.

· The Company is participating in key industry and investor events.

Overview

· Preliminary Economic Assessment ('PEA') on Amitsoq anticipated to be published in October 2023.

· PEA will enable GreenRoc to firm up a work programme for the coming year focused on fast-tracking the Project towards development status.

· Ongoing discussions with several potential off takers, with the Company expecting to send new graphite concentrate samples to interested parties in Q4 2023.

· Joined the Danish Centre for Energy Storage ('DaCES') to collaborate with Danish universities and companies in research, innovation, and export.

· The Company is participating in key industry and investor events.

Https://www.londonstockexchange.com/news-article/GROC/amitsoq-update/16145280

Https://www.londonstockexchange.com/news-article/GROC/amitsoq-update/16145280

Cadence get a mention

https://www.voxmarkets.co.uk/articles/riverfort-s-focus-on-cash-preservation-paves-the-way-for-future-investments-fa2eee8/

Oce , same here , I just filtered another. ATB

Ian Pearson, Chairman of EQTEC, commented:

"The Board is committed to the Company's business strategy and its leadership as it negotiates a difficult transition out of EQTEC's project development past into its future business model as a leading technology innovation business. To add momentum behind execution of its strategy, the Company requires the sort of funding that only one or more strategic investors can bring. It is imperative that we respond to the AIM market's valuation of the Company by finding investors of scale that understand and believe in EQTEC's direction and full potential."

David Palumbo, CEO of EQTEC, commented:

"We remain committed to transitioning EQTEC from a broad-based project developer, exposed to a wide range of commercial and delivery risks, into a technology licensor and innovator focused on what we do best. We forecast that 2023 would be a pivotal year in that transition, and now we can begin to see its impact: an increasing number of pre-funded projects held by larger, better funded clients and co-delivered with a more reliable cadre of partners. At the same time, and even after avoiding €18 million in costs last year, we are having to make hard choices about making good on completion of legacy projects or leaving them behind. Either way, the impact of managing through the legacy work is painful in financial terms, as our revenue and profit figures indicate. But it is also temporary. The engineering work we are undertaking now on the renewed portfolio will gradually convert to equipment sales and paid fees for engineering, licensing & maintenance support. As we strictly qualify, select and contract new work, we expect increasingly smooth revenues across a busy portfolio of client-led projects. The second half of 2023 is focused on steady progression of our transition, including further clean-up of legacy challenges and growing the depth and breadth of our engagement with leading partners investing and building new energy infrastructure in Europe and beyond."

Key Company Updates

· The Company continues to push the Government to complete the regulatory formalities to allow completion operations at Heron 1 to commence. The Provincial Government has been very slow to respond which is putting the plan to complete the well before winter at risk.

· The local district authorities have however indicated that they are open to the Company operating in parallel with the slow-moving bureaucracy if Central Government supports the Company in doing so. This option is now being pursued as a priority.

· The 2022/23 Mongolian Exploration Tender Round continues with Petro Matad submitting two applications for new blocks and actively looking at one more area to determine if a third application is merited.

· Our renewable energy JV, SunSteppe Renewable Energy, is actively pursuing two projects, a battery energy storage facility and a green hydrogen project as it continues to push into the Mongolian renewable energy sector. Both projects have the potential to generate revenue in the near term.

Https://www.londonstockexchange.com/news-article/MATD/interim-results-and-operational-update/16143145

Https://www.londonstockexchange.com/news-article/EQT/interim-results/16143211

Https://www.marketwatch.com/investing/future/brn00?countrycode=uk

Https://www.mining.com/climate-targets-threatened-by-lack-of-mining-investment-mckinsey/

Https://www.bbc.co.uk/news/uk-scotland-scotland-business-66933346