Member Info for Mullins58

Further to the announcement of 15 May 2023, Angus Energy (AIM: ANGS) is pleased to announce that production at the Saltfleetby Field has reached a steady operating state from the 3 producing wells in the field, B2, A4 and the new B7T.

After a short duration plant outage, we are now exporting gas to the National Grid at a combined average daily rate of 9.5 mmscfd, reaching peak flows of over 10 mmscf. The new B7T well continues to clean-up and the Company anticipates exceeding a combined average daily rate of 10 mmscfd, on a sustainable basis.

We have seen gas prices falling back to lower summer levels over recent weeks, but winter 2023-2024 pricing is strong, with forecasted prices at £1.24 per therm on Heren NBP pubished trading data. On the basis of continued production at this level, known hedge prices and published market forward prices we should be generating approximately £2.5 million of revenues on average each month for winter 2023 from Saltfleetby.

Https://www.londonstockexchange.com/news-article/ANGS/saltfleetby-field-production-and-pricing-update/15975687

Https://www.youtube.com/watch?v=D23nxNhbGL0

Https://www.londonstockexchange.com/news-article/EMH/testwork-realises-outstanding-lithium-recoveries/15971370

Https://www.londonstockexchange.com/news-article/EMH/testwork-realises-outstanding-lithium-recoveries/15971370

Https://www.independent.co.uk/tech/electric-car-battery-range-record-b2343579.html

Posted on the EMH board

https://www.spectator.co.uk/article/britain-should-get-out-of-the-electric-vehicle-business/

Unfortunately these boards bring out the best and worst in people. HAGD

Ford strikes lithium deals to support step up in EV output

https://www.mining.com/web/ford-strikes-lithium-deals-to-support-step-up-in-ev-output/

New Tesla low-voltage system a ‘big deal’ for copper, says Musk

https://www.mining.com/new-tesla-low-voltage-system-a-big-deal-for-copper-says-musk/

New Tesla low-voltage system a ‘big deal’ for copper, says Musk

https://www.mining.com/new-tesla-low-voltage-system-a-big-deal-for-copper-says-musk/

Mike Buck, CEO of Petro Matad, said:

"Preparations to drill Velociraptor 1 are well advanced and we are excited to spud in June and to explore the potential of the Raptor Trend.

"It is highly frustrating that the good work done by MMHI on the certification of the Block XX Exploitation Area as Special Purpose Land is now having to be repeated, but it is essential that the process is followed in full compliance with legislation. Shareholders can be assured that we are continuing to provide all input and assistance to the authorities in securing the certification.

"The recent visit to UK with senior representatives of MMHI and MRPAM provided an excellent opportunity to further strengthen our relationships with both organisations and we were honoured to be joined by H.E. Ambassador B. Enkhsukh, Mongolia's ambassador to the UK, on the visit to the Company's corporate agents in the Isle of Man."

Key Company Updates

· Rig arrival and Velociraptor 1 spud are forecast during the first half of June.

· Mobilization of site construction equipment to the Velociraptor 1 well location has commenced.

· Documentation proposing the certification of the Block XX Exploitation Area as Special Purpose Land for submission to Cabinet is being prepared by the ministries responsible.

· Negotiations with the Government for a new block in Mongolia's 2023 Exploration Tender Round are continuing.

Https://www.londonstockexchange.com/news-article/MATD/operational-update/15965471

Macron says Mongolia to supply critical metals for green push

https://www.mining.com/web/macron-says-mongolia-to-supply-critical-metals-for-green-push/

Https://www.theguardian.com/business/2023/may/19/france-uk-electric-car-batteries-subsidies

Worth a read.

https://www.theguardian.com/business/2023/may/19/france-uk-electric-car-batteries-subsidies

Eqt needed more than ever.

https://www.theguardian.com/environment/2023/may/18/scientists-say-they-have-been-locked-out-of-the-room-at-unep-talks-on-plastic-waste

Some good updates recently posted . ATB

Lithium prices tipped to surge by 40pc this year

https://www.afr.com/markets/commodities/lithium-prices-tipped-to-surge-by-40pc-this-year-20230517-p5d8yd