Member Info for Mullins58

Turkey
Monetising a successful oil well in Turkey is therefore potentially rapid and largely in the control of the operator, as the completed well can be put on long-term production directly from a flow test and well completion. Permanent production can therefore be accomplished as soon as practicable, taking months rather than the 3-5 years it takes in the UK onshore.

I added a few more yesterday after watching that interview.

· Bacanora will be selling its 50% share in DL plus €1.35m cash in exchange for new shares in Erris, giving Bacanora a 70% ownership stake in Erris and a net profit royalty. This percentage ownership will reduce as Erris will be raising additional funds by means of the Placing as part of the process in order to accelerate the further development of Zinnwald.

The EMH board has some excellent posts regarding European lithium needs. ATB

Newboy58, hope all well. Yep not bad news. ATB

Erris Resources Chairman, Anton du Plessis, commented: "The Proposed Acquisition of a 50% interest in this late stage, high value asset has the potential to transform Erris Resources from a discovery driven consulting and exploration company into Europe's next lithium producer.

I have holdings in BCN / EMH / KDNC . Hopefully this will attract a lot of new investors. ATB

https://www.londonstockexchange.com/news-article/BCN/interim-report/14703100

https://www.londonstockexchange.com/news-article/BCN/proposed-sale-of-holding-in-zinnwald/14702980

Sorry , wrong board. ATB

Peter Secker, CEO of Bacanora said:

"The Proposed Transaction ensures that the development of Zinnwald, which is strategically located in Germany with immediate access to the German and wider European automotive and downstream lithium chemicals industries, can be accelerated and Zinnwald will get the full attention it deserves. Bacanora's commitment has always been to realise shareholder value from Zinnwald, and spinning it out into a separately listed vehicle will allow us to achieve this.

The Erris management team are of an extremely high calibre and we are confident that this is the best outcome for Bacanora's shareholders, who will in turn become indirect shareholders in Erris. Zinnwald is an excellent project and we look forward to seeing it come to production under Erris' ownership."

no 2

https://www.londonstockexchange.com/news-article/BCN/proposed-sale-of-holding-in-zinnwald/14702980

https://www.londonstockexchange.com/news-article/BCN/proposed-sale-of-holding-in-zinnwald/14702980

https://www.londonstockexchange.com/news-article/WRES/half-year-report-to-30-june-2020/14703023

Sorry

https://www.londonstockexchange.com/news-article/BCN/interim-report/14703100

https://www.londonstockexchange.com/news-article/MTR/unaudited-interim-results-for-the-six-months-ended-30-june-2020/14702813

https://www.londonstockexchange.com/news-article/MTR/unaudited-interim-results-for-the-six-months-ended-30-june-2020/14702813

BS , welcome and good luck with your investment.

B, same here , I have a nice round number now. ATB

Added a few more. ATB

Good to see work starting again. Stand by for Turkey news. ATB